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Building on Sand

Out of cash and out of options, America's cities need a new plan—and they might need Washington to design it.


Senate Pulls Puerto Rico Back From the Brink of Fiscal Ruin

The Senate gives Puerto Rico a reprieve two days before a debt deadline.


Germany Won’t Cut Greece Any Slack On the $358 Billion It Owes But Can’t Repay

Greece is set to get cash from Europe, but not relief on debt it can't pay.


Germany Appears to Cave on Greek Debt

Germany appears to be ready to offer some concessions to Greece.


IMF Chief Warns Greece Can’t Meet Terms of Its Debt Deal

IMF chief Christine Lagarde said Greece cannot meet the terms of its bailout deal with Europe.


After 15 Years, Argentina Agrees To Pay Back U.S. Creditors

Argentina ends 15 years in the financial wilderness after agreeing to pay its debts.

Egypt's president Abdel Fattah al-Sisi reviews troops upon his arrival at Houari-Boumediene International Airport on June 25, 2014 in Algiers. Sisi arrived in Algeria for his first trip abroad since being elected in May and he is expected to meet President Abdelaziz Bouteflika, notably to discuss ways of "promoting the brotherly relations and cooperation that exist between the two countries and on issues linked to the situation in the Arab world and Africa".      AFP PHOTO/FAROUK BATICHE        (Photo credit should read FAROUK BATICHE/AFP/Getty Images)

Going Once, Going Twice: Egypt’s Sisi Was for Sale on eBay

Egyptian President Abdel Fattah al-Sisi suggested he would sell himself to fix the country's debt. So someone put him up for sale on eBay.


The Grossips

Talk of a eurozone exit flows in Greece just like gossip in a famous Norman Rockwell painting.


As Students Leave, Report Calls on Puerto Rico to Close its Schools

A new report, paid for by Puerto Rico's creditors, suggest San Juan close schools to save money.


How Greece Fell into the Eurozone Trap

In the wake of World War II, peaceniks and dreamers began looking for a way to knit a war-torn continent together. Now Athens is paying the price.

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