Tag: The Abbreviated Eveing Edition

Jun 26 2011

The Abbreviated Evening Edition

Due to playing in the mud (don’t ask, trust me it’s messy), the Evening Edition will brought to you by c’est moi.

Greek rebel lawmakers may block austerity: deputy PM

ATHENS (Reuters) – Greece’s deputy prime minister warned on Sunday that rebel lawmakers may block some reforms sought by international lenders, though parliament will probably back an overall austerity package this week to avert national bankruptcy.

Adding to Socialist Prime Minister George Papandreou’s dire problems, the conservative opposition rejected appeals from the government and senior European Union politicians to vote in favor of the five-year plan.

Republicans firm on taxes ahead of Obama meeting

WASHINGTON (Reuters) – The Senate’s top two Republicans on Sunday stood firm against including tax increases in any deal to raise the debt limit and shrink budget deficits one day before a meeting with President Barack Obama, but said the showdown need not go down to the “11th hour.”

Obama is to meet separately with Senate Democratic and Republican leaders on Monday to try to revive negotiations that collapsed on Thursday when Republicans walked out over Democrats’ demands for tax increases.

Jun 25 2011

The Abbreviated Evening Edition

Due to playing in the mud (don’t ask, trust me it’s messy), the Evening Edition will brought to you by c’est moi.

Lawmakers harden positions on taxes, spending

WASHINGTON (Reuters) – Republicans and Democrats dug in their heels on Friday as President Barack Obama prepared to wade into a divisive debate over taxes and spending aimed at heading off a default on the government’s debt.

The White House said Obama will meet separately with Senate Democratic and Republican leaders on Monday in an effort to resurrect negotiations that collapsed when Republicans walked out on Thursday over Democrats’ demands for tax hikes.

Banks move closer to deal on Greek bailout

ATHENS/FRANKFURT (Reuters) – Banks and policymakers moved closer to a deal on Friday to help Athens secure funds ahead of a parliamentary vote on austerity next week that Greek Prime Minister George Papandreou must win to avert default.

Despite a refusal by the conservative opposition to back the plan agreed with international lenders and signs of revolt in his own socialist party, Papandreou said he was confident the deeply unpopular package of spending cuts, tax hikes and privatizations would pass.