austerity

European countries should ease off their austerity and adopt more growth-friendly policies, U.S. Treasury Secretary Jacob Lew said Monday as he kicked off a series of meetings with the region's top leaders. (Photo by Feng Li - Pool/Getty Images)

US Treasury Chief Urges EU To Ease Off Austerity, Debt Reduction Measures

European countries should ease off their austerity and adopt more growth-friendly policies, U.S. Treasury Secretary Jacob Lew said Monday as he kicked off a series of meetings with the region’s top leaders.

04/08/2013

An American flag hangs over the New York Stock Exchange (Photo by Spencer Platt/Getty Images)

Help Shrinks As Poverty Spikes In The US

Antonio Hammond is the $18,000 man. He’s a success story for Catholic Charities of Baltimore, one of a multitude of organizations trying to haul people out of poverty in this Maryland port city where one of four residents is considered poor by U.S. government standards.

04/01/2013

Warren Buffett attends the grand re-opening of Jay-Z's 40/40 Club on Jan. 18, 2012 in New York City. (credit: Neilson Barnard/Getty Images)

Buffett: American Banks In Better Shape Than Europe’s

Billionaire Warren Buffett says American banks are in much better financial shape than European counterparts because of measures taken during the financial crisis.

05/07/2012

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