With Greece in turmoil, a look at the debt defaults a decade ago in South America could prove instructive. Had Europeans diagnosed problems and acted quickly, they might have come out of this like Uruguay, in 2002. But it looks like Greece may be following Argentina, which defaulted on $100 billion in 2001.
House members on Tuesday rejected a Senate plan for extending the payroll tax cut. To attract House conservatives, the Senate had included a controversial provision forcing President Barack Obama to decide on the fate of a planned oil pipeline within 60 days.
Republican presidential candidate Newt Gingrich's official campaign website — at newt.org — is working fine. But newtgingrich.com is directing surfers to stories and other sites that don't put him in the best light.
Melody Barnes is leaving her post as director of the administration's Domestic Policy Council. Barnes was influential in crafting some of the president's major initiatives including health care and economic legislation. Host Michel Martin speaks with Barnes about her achievements and the president's popularity.
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