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Italian Lawmakers To Consider Debt Plan

Italy's prime minister Silvio Berlusconi announced Tuesday that he would step down after an economic overhaul plan is approved. The announcement comes amid European concerns over Italy's solvency following the Greek debt crisis.

Greek Leaders Disagree On Country's Next Leader

Greece is still struggling to form a temporary coalition government. The country's economy is in shambles with default a real possibility. And that's something that could ripple through Europe's economy. The problem is, lawmakers in Greece can't agree on who should lead that government.

Biofuels Start To Take Off In The Airline Industry

This week, a Continental flight from Houston to Chicago used a biofuel blend made in part from algae, and Alaska Airlines will fly passengers using a fuel made in part from cooking oil. The fledgling environmental effort has many hurdles, as biofuel costs nearly six times as much as regular jet fuel.

Italy's Growing Debt Woes Have Investors On Edge

On the face of it, Italy's economy has plenty of strengths. But its total debt is equal to 120 percent of its GDP. And with the cost of borrowing quickly rising, investors are growing increasingly concerned with the risk of default, which would spread throughout Europe and the rest of the world.
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Maryland Business Leaders Divided On Economy

A forum featuring business leaders and Maryland's financial managers produced mixed opinions about the state of the economy on Tuesday.


Rockford, Ill., Shuts Off Streetlights To Save Money

Guy Raz speaks with Corina Curry, a reporter at the Rockford Register Star, about the streetlight removal program in Rockford, Ill. In order to close a budget gap, the city is turning off 2,400 — or 15 percent — of the city's streetlights. The move is supposed to save the city half a million dollars, but residents have complained about its effect on public safety.

American Dream For Middle Class: Just A Dream?

A recent report by the research project found that one in three Americans raised in the middle class fall out of it as adults. Host Audie Cornish speaks with Erin Currier of the Pew Charitable Trusts' Economic Mobility Project about pressures on the American middle class.

Middle Class Life Further Away For Next Generation

Over the last three decades, the gap between the very rich and the very poor has grown exponentially. In the yawning middle is a group for whom it's getting harder and harder to stay in place economically. Host Audie Cornish speaks with two generations of a middle-class family that face drastically different financial futures.