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'Relief Rally' Fades As Markets Study Spanish Deal

Financial markets have been on the rise in Europe and futures point to a good day on Wall Street. But some of the early gains have evaporated as traders look more closely at the package and look ahead to elections in Greece.
NPR

Spain Becomes 4th Eurozone Country To Get Bailout

Finance ministers over the weekend agreed to lend a hand to Spain — up to $125 billion, specifically — to save it from collapse. Before this move, there was widespread fear that Spain's banking crisis could have a devastating impact on the global economy. But is the nightmare over?
NPR

In India, A Different Kind Of Austerity

The attempt to reel in departmental spending on things like hotel space and foreign travel may seem like window dressing, but voters see government largesse as a right. Analysts say the efforts are unlikely to make much of a dent in India's $91 billion deficit.
NPR

Three Ways To Stop A Bank Run

There's a slow-motion bank run happening in Europe, as depositors move their money from financially troubled countries like Greece and Spain to stronger countries like Germany.
NPR

Could 'Taxmageddon' Crisis Create Compromise?

On Jan. 1, trillions of dollars in spending cuts and tax increases — called Taxmageddon — will take effect unless Congress and the White House can agree on a new plan. Many economists say the country will fall back into a recession if it happens. Former Treasury Secretary Robert Rubin says Congress may actually be "forced to make a decision that affects taxes and spending."
NPR

Spain, Eurozone Agree To 'Financial Support'

Spanish and euro zone officials announced their intentions after a three-hour emergency conference call on Saturday. If they make good on it, Spain will be the fourth – and largest — member of the 17-nation euro zone to receive outside help as Europe's debt crisis marches on.
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Developing The McMillan Water Filtration Site

After decades of wrangling, the District has big plans for developing this historic 25-acre site.

NPR

As Economic Headwinds Pick Up, Employers Lie Low

After a robust start to the year, job growth in the U.S. has slowed. Many employers want to add more workers, but they say uncertainty about how Congress will handle the nation's fiscal crisis and financial troubles in Europe have left them reluctant to hire.

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