Violence broke out between police and demonstrators in Rome on Saturday as tens of thousands took to the streets to protest Italy’s new budget. “We are laying siege to the city!” chanted the crowd, as a small minority pelted the police and government buildings with water bottles and eggs. A group of protesters turned over garbage bins and set some of them on fire in front of the Economy Ministry. Police... 

Just one day after President Barack Obama signed into law a bipartisan deal to end the government shutdown and avoid default, the US debt surged a record $328 billion, the first day the government was able to borrow money. Fasten your seatbelt, because the US debt rate is racing out of control and nobody seems to know where or when the spending will end: The US debt now equals $17.075 trillion, according... 

Demonstrators dressed to represent prisoners, hold chains and a mock cannonball during a protest against the reforms by the Italian government in downtown Rome, October 18, 2013. Thousands of Italian civil servants and transport workers have gone on strike in the capital Rome and other cities to protest against austerity measures enforced by the government. Friday strike, which disrupted urban transportation,... 

Standard & Poor’s says the shutdown in total cost the US economy $24 billion, or $1.5 billion per day, the rating agency said Wednesday. The agency also estimated the shutdown will pare fourth quarter GDP by 0.6 percent. Obama has signed legislation that will avoid a technical debt default, ending the 16-day partial shutdown of the government that has cost the world’s largest economy... 

Now that Samaras has kept his word to the US Zionists about repressing Golden Dawn in every way, Samaras and his government now proceed to keep their promise to the international money lenders. He is now lifting his axe getting ready to evict 15,000 Greeks who due to circumstances of the crisis cannot meet their mortgage obligations. The finance and development ministries have for the initial wave... 

Republican and Democratic leaders in the US Senate are reportedly “very close” to announcing a deal on the nation’s borrowing authority that would avert an unprecedented default on US debt. Harry Reid and Mitch McConnell, the Senate majority and minority leaders held talks on Wednesday morning as the Thursday deadline on the debt limit is fast approaching. The US Treasury taps out its reserves... 

The White House has rejected a new proposal by House Republicans to prevent a debt default less than two days before the debt ceiling deadline. “The president has said repeatedly that Members of Congress don’t get to demand ransom for fulfilling their basic responsibilities to pass a budget and pay the nation’s bills,” White House spokeswoman Amy Brundage said in a statement on Tuesday. “Unfortunately,... 

If the US debt-ceiling debate goes past the eleventh hour, and the default of the world’s largest economy becomes a reality, leading central banks around the world are gearing up to minimize losses and keep the world economy functioning. If US lawmakers don’t reach a budget consensus and raise the debt ceiling by Thursday October 17, the US will become the first Western power to default since... 

The British capital city of London has topped a list of 50 worst places to live in the UK. The British capital city of London has topped a list of 50 worst places to live in the UK. London was rated as the UK’s most hated area in a book identifying the country’s least desirable locations, which is entitled “Crap Towns Returns.” The book was based on online contributions from British people... 

Official figures show that the unemployment rate in Greece jumped to 27.6 percent in July from a revised 27.5 percent in June, as the financial crisis continues to take its toll on jobs in the country. Greece’s statistics service ELSTAT said on Thursday that 1.36 million people were unemployed in July, up ten percent from a year earlier. The country’s jobless rate was over twice the eurozone’s... 

Europe’s main human rights watchdog has warned that Spain’s austerity program could have a devastating impact on children, as cuts have increased child poverty, malnutrition and inadequate housing. Nils Muiznieks, the Council of Europe’s Commissioner for Human Rights, published a report on Wednesday based on a visit to Spain earlier this year. He called on Prime Minister Mariano Rajoy’s... 

The Republican-led US House of Representatives unanimously voted to approve a bill which will see 800,000 workers furloughed during the ongoing partial government shutdown paid once the crisis ends. The 407-0 vote in the House was a rare moment of bipartisanship within the deeply divided lower house of Congress. The measure will now be sent to the Senate, which is controlled by the Democrats. The... 

Members of a Greek trade union demonstrate in Athens on February 20, 2013. Thousands of communist-backed labor union activists and their supporters have staged an anti-austerity demonstration in the Greek capital Athens. The protesters took to the streets in central Athens on Saturday and called on the government to stop the new round of cuts and measures that will slash pensions, salaries and introduce... 

US Secretary of State John Kerry has warned that a prolonged political crisis in Washington would weaken the country at a global level as a political stalemate in the US has forced the federal government shutdown to stretch into its fifth day. “If it were prolonged, or repeated, people would begin to question the willingness of the United States to stay the course and its ability to,”... 

The US stock market plummeted to its lowest level in almost a month as a federal government shutdown stretched into its third day on Thursday. The Dow Jones industrial average dropped 135 points after the closing bell. The 0.9 percent loss forced the Dow index to close at below 15,000 points. The broad-based Standard & Poor’s 500 index also fell 17 points, or 1 percent, to its lowest point...