Reuters: U.S. throws lifeline to underwater homeowners

U.S. throws lifeline to underwater homeowners
By Margaret Chadbourn
WASHINGTON | Mon Oct 24, 2011 8:53pm EDT

(Reuters) - U.S. homeowners who owe more than their properties are worth got new help on Monday with the government's expansion of a refinancing program in a step that could help up to 1 million borrowers.

Reuters: U.S. rating likely to be downgraded again: Merrill

U.S. rating likely to be downgraded again: Merrill
By Walter Brandimarte
NEW YORK | Sun Oct 23, 2011 3:20pm EDT

(Reuters) - The United States will likely suffer the loss of its triple-A credit rating from another major rating agency by the end of this year due to concerns over the deficit, Bank of America Merrill Lynch forecasts.

Exclusive: EU calls emergency meeting as crisis stalks Italy

Exclusive: EU calls emergency meeting as crisis stalks Italy

By Luke Baker
BRUSSELS | Sun Jul 10, 2011 2:45pm EDT

(Reuters) - European Council President Herman Van Rompuy has called an emergency meeting of top officials dealing with the euro zone debt crisis for Monday morning, reflecting concern that the crisis could spread to Italy, the region's third largest economy.