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Creditors Face Deadline In Greek Bond Swap

The bond swap that will cut Greek debt by at least 50 percent is set to be the largest sovereign debt restructuring in history. Private creditors will take up to a 70 percent loss on their bonds, which is why some of them are balking at the offer. But because many of the creditors are also pension funds, the loss will also trickle down to Greek retirees.

Obama Urges Incentives For Alternative-Fuel Vehicles

President Obama was in North Carolina Wednesday, dropping in on a factory that makes big-rig trucks. Some of those trucks are powered by natural gas, and Obama took the opportunity to propose new tax incentives for alternative-fuel vehicles.

The European Central Bank, As Seen From A Bar On The Coast Of Spain

"Nobody's out buying bars right now," he says. "Banks in Spain are not lending a cent — a euro cent."

Uncertainty Looms As Greek Debt Deadline Nears

For weeks, it has been assumed that the owners of Greek government bonds would go along with the bond swap deal that was worked out last month. Now there are signs that some bondholders don't like the size of the loss they're in for.
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D.C. Government To Pay For Private Sector On-The-Job Training

Unemployment is a persistent problem in the District, so city leaders are unveiling a program that would subsidize the salaries of out-of-work residents hired by local businesses.


Obama Talks Manufacturing In North Carolina

President Obama traveled to North Carolina Wednesday, where he talked about the manufacturing sector. Melissa Block talks with Scott Horsley about the event.

Housing Stalls Election-Year Economic Growth

President Obama began Tuesday's news conference talking about the U.S. housing market. He said in many ways the U.S. economy is getting stronger but millions of Americans can't find jobs, and millions more are having trouble paying the rent or mortgage.