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Obama would veto backup fiscal plan: White House

Last Updated: Thursday, December 20, 2012, 09:38

The White House said his package would not raise enough revenue from the country's top earners and would leave too big a deficit-reduction burden on the middle class.

Franco-German fiscal plan "promising": S&P

Last Updated: Wednesday, December 07, 2011, 00:06

A plan by France and Germany to increase fiscal integration between European countries is "promising" and could help avoid a mass downgrade of euro zone countries by Standard & Poor's, a director with the ratings agency said on Tuesday.