European political leaders failed to come to agreement over the weekend on key issues to try to stem the debt crisis that threatens to spread from the smaller economies of Greece and Portugal to Europe's third- and fourth-largest economies: Italy and Spain. EU leaders vowed to keep working toward a wide-ranging plan at a second meeting Wednesday.
President Obama is visiting Nevada, a state at the center of the foreclosure crisis. His administration has some programs in place to try to help struggling homeowners. But the leading GOP White House hopefuls so far haven't said much about how they would fix the downturn.
Alabama farmers are facing a labor crisis because of the state's new immigration law. So far, piecemeal efforts to match the unemployed or work release inmates to farm jobs are not panning out, and farmers are asking state lawmakers to do something before the spring planting season.
Regardless of how Europe resolves its debt crisis, changes are needed. Like the U.S., Europe's road to recovery is likely to be long and difficult. As European markets get closer to a meltdown and the echoes of the 2008 banking crisis still resonate in the U.S., has anything changed on Wall Street?
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