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No, Hedge Funds Can't Foreclose On The Acropolis

There's no blueprint for a country to declare bankruptcy, so Greece's creditors are sort of making things up as they go along.

Taking His Economic Message On The Road, Obama Touts Factory Jobs In Iowa

President Obama kicked off a three-day re-election road tour Wednesday, starting out at a manufacturing plant in Iowa. The president is promoting job growth in the manufacturing industry while defending the government's bailout of the auto industry.

Shoe Company Practices Insourcing For The Sole

In his State of the Union address, President Obama talked about bringing jobs back to the U.S. Oregon shoe maker Keen is doing its part. The company opened its first American factory in 2010, and while it still produces most of its shoes in Asia, Keen's CEO says manufacturing in the U.S. has been a "giant leap" for the company.

Treasury Secretary Geithner Doesn't Expect To Be Part Of A Second Term

Geithner say she's confident President Obama will be re-elected. And, Geithner's also confident "he's not going to ask me to stay on." He spoke with Bloomberg Television today.

Fed Keeps Short-Term Interest Rates Low

Federal Reserve officials said they expect short-term interest rates to stay close to zero "at least through late 2014." The Fed has been trying to give more explicit guidance on what it expects in the future as part of a broader move to greater transparency.

Illinois' Quinn Pressured To Roll Back Tax Increase

Last year this time, Illinois Gov. Pat Quinn was pushing a big income tax increase to help balance the state's budget. This year, Quinn is being pressured to roll part of that increase back. But the state is still months behind in paying its bills, with a pension shortfall looming.

Fed: Economy Is 'Expanding Moderately,' But No Change In Rates

The central bank also says it likely won't be switching gears and nudging interest rates higher until at least 2014. Fed Chairman Ben Bernanke concedes its longer-term forecasts are "a best guess."