The United States loves its paper money. Dollar coins get introduced and re-introduced but they still remain the domain, largely, of vending machines. But a new bill in Congress seeks to change that, by phasing out the paper dollar bills. And supporters say it would bring a financial boon for the government.
The latest economic data for the United States is encouraging. The budget deficit is declining, consumer spending is picking up and the government is collecting more in taxes. But there's the possibility this good news could leave the U.S. in a worse position in the long run.
Italy is facing political gridlock, while Europe contemplates the political and economic consequences of Italian voters ousting the country's internationally popular technocrat prime minister in favor of candidates who vow an end to austerity and more benefits for all Italians.
With the sequestration budget cuts coming quickly, there are countless examples of how the budget cuts will have real world consequences. The National Park Service, advocates say, will be forced to greatly reduce operations to cope with mandated cuts.
The efforts to avert the fiscal cliff started slowly but took on urgency over the past 72 hours. All signs point to a broad outline of a deal being reached, but it remains unclear whether both the U.S. House and U.S. Senate will be able to vote on it before the night is over.
Neither the House of Representatives nor the Senate have been able to produce a farm bill that gets wide support. In fact, neither chamber have approved a bill, though there are committee proposals. But both conservative and liberal groups are blasting the proposals as bad policy.
The negotiations over the fiscal cliff continue with few outward signs of progress. Democrats and Republicans are pointing fingers and seem able to agree on just one thing: don't expect any deals before Christmas.
States are competing against each other with tax incentives in the battle for jobs. But once incentives are given out, some are finding it impossible to determine whether they're getting any return on their investment.
If you've heard about the impending fiscal cliff America is heading toward, you're probably wondering what barriers are in the way to stop us from hurtling over and if we shouldn't manage that -- what's waiting for us at the bottom of the ravine.
Spain has seen tens of thousands of acres of forests burned by fires this summer -- a problem made worse by the lack of rain and budget cuts that have cut into the resources the country can afford to put toward fire prevention and suppression.