A report commissioned by the City Council of Baltimore, Maryland, produced some rather grim results: unless the current economic trajectory that the metro is on is reversed or altered, chronic budget deficits could force the local government to the brink of bankruptcy.
Set to kick in on March 1, the billions of dollars worth of domestic and defense spending cuts could pose serious problems for the nascent recovery still taking place in the U.S. economy.
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Due to a difficult economic climate and deteriorating personal finances, more Americans are reportedly delaying their retirement plans by at least several years, according to a new study from The Conference Board.
French President Francois Hollande is up to his neck in controversy following statements by his government’s labor minister, Michel Sapin, that suggested the country is insolvent.
According to the U.K. government, economic growth contracted at the end of 2012.
The U.S. Commerce Department announced today that the nation’s gross domestic product (GDP) for the fourth quarter of 2012 shrank, falling by 0.1 percent.
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