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International Monetary Fund Lowers Global Growth Forecast for 2012

International Monetary Fund Lowers Global Growth Forecast for 2012

Comstock Images/Thinkstock(NEW YORK) — More than ever the U.S. is part of the global economy, with millions of American workers depending on jobs linked to imports and exports.  But a new warning that the world’s economy has weakened further coul…

Geithner ‘Encouraged’ by Europe’s Plan to Tackle Economic Crisis

Geithner ‘Encouraged’ by Europe’s Plan to Tackle Economic Crisis

Official White House Photo by Pete Souza(LOS CABOS, Mexico) — Treasury Secretary Timothy Geithner said Tuesday he is encouraged that European leaders appear ready to make a more forceful response to the financial crisis threatening the global economic…

Obama Asks Euro Leaders to Publicly Discuss Solutions for Economic Crisis

Obama Asks Euro Leaders to Publicly Discuss Solutions for Economic Crisis

Official White House Photo by Pete Souza(LOS CABOS, Mexico) — As expected, the G20 conference came to its close with no bold agreements to resolve the economic crisis in the 17-member eurozone. President Obama said Tuesday that he had urged leaders fr…

Is the Economy Really Slowing Down?

Is the Economy Really Slowing Down?

Comstock Images/Thinkstock(NEW YORK) — A small rise in layoffs reported by the Labor Department on Thursday and disappointing home sales for March, plus signs of slowing manufacturing activity, are fanning fears about the recovery. Meanwhile in Europe…

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