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Obama To Propose Revenue Increases To Fight Deficit

President Obama releases his plan to bring down the federal deficit on Monday. He will outline his plan to a congressional panel tasked with cutting more than $1 trillion in red ink.The proposal is expected to include new taxes, Medicare reductions and savings from troop withdrawals.

Greece Scrambles To Show It Can Cut Budget Deficit

Eurozone finance ministers warn that Greece might not get a vital installment of a $150 billion bailout if they feel it isn't doing enough to reduce the size of its debt. Greek officials are racing to find more cuts, even as fear grows among the people that existing austerity measures have done little good.

Europe's Dilemma: More Integration Or Less?

The creators of the eurozone stopped halfway: The participating countries would use a common currency, but they wouldn't have common tax and spending policies. In other words, it was a monetary union but not a fiscal one. The debt crisis has now shown governments it's hard to have it both ways.
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New Site Tracks U.S. Aid Money

The United States gives more money in foreign aid than any other country in the world. A recently launched web database allows people to see where those dollars are being spent.

Greek Prime Minister Makes Emergency Return Trip

Greece's Prime Minister George Papandreou cut short his planned visit to the U.S. as concerns by European Union finance ministers deepened over his country's economic stability. NPR's Sylvia Poggioli reports.

Obama's Deficit Plans Make Room For Jobs

On Monday, President Obama will lay out his new plan for reducing the federal deficit. His proposal will also include specific recommendations to the bipartisan deficit Super Committee on how to offset the cost of his $447 billion jobs plan. Host Audie Cornish talks with NPR's Mara Liasson.

Economist: U.S. Skating On Thin Ice

Lakshman Achuthan of the Economic Cycle Research Institute says all of his economic indicators point to more sputtering ahead. "The risk of a new recession is quite high," he says.

Europeans Split Over Debt Crisis

After another week of financial turmoil in Europe, there was little hope that the Eurozone debt crisis is any closer to being resolved. NPR's Eric Westervelt in Berlin and Sylvia Poggioli in Athens join host Scott Simon to discuss how northern and southern Europeans differ in their attitudes to the debt crisis in Europe.