Congress has narrowly avoided a global financial crisis by taking a cue from Europe. Both regions are kicking the can down the road, rather than finding lasting solutions. Short-term fixes, though, may lead to long-term decline for the West.
As The World's Clark Boyd Reports, at midnight on Friday, Belgium topped Iraq as the country that has gone longest without a government. Demonstrators marked the milestone with events throughout the country.
German lawmakers have voted to back the second EU/IMF bailout for Greece. Until now, most German politicians have been saying Greece must stay in the eurozone. However, some might now be changing their tune.
The European Union today leveled a record 1.5-billion dollar fine against software giant, Microsoft, for failing to comply with a 2004 ruling on anti-trust activity, as The World's Clark Boyd has details.