President Obama will send Congress a 2013 spending plan that would raise taxes on the rich and pump nearly $500 billion into new construction projects over the next decade, launching an election-year debate over the budget that promises starkly different visions for managing government debt and the sluggish economy. Read full article > >

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Budget to raise taxes on the rich, hike federal spending

After days of agonizing negotiations, Greek politicians have reached a deal to make a sweeping series of cuts that they hope will secure an international bailout and help the debt-ridden nation avoid bankruptcy, Prime Minister Lucas Papademos’s office said on Thursday. Read full article > >

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Greek officials reach austerity deal that could pave way for bailout

The UK’s largest care provider, Four Seasons, is in talks to find money to refinance its debts, but it denies union claims it is in financial difficulty.

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Care provider in new debt talks

Federal Reserve Chairman Ben S. Bernanke on Thursday cautioned lawmakers against taking any steps that would hurt economic growth as they work to cut the nation’s debt, and he defended the central bank’s recent actions to support the economy. Read full article > >

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Fed chief warns Congress against hampering growth while cutting debt

Goes forward in primary with no debt.

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Romney Has Raised Over $20 Million

Lagarde pressures Greece to come up with a debt solution.

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Europe Warned Against Debt Complacency at Davos

The euro zone debt crisis is escalating and dragging down the world economy, the International Monetary Fund said on Tuesday, as it sharply cut its outlook for global growth and called for policies to restore confidence.

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I.M.F. Slashes World Growth Outlook as Euro Zone Weighs

As euro zone finance ministers gathered in Brussels to discuss the Greek debt crisis, Christine Lagarde said a “larger firewall” was needed to safeguard global financial stability.

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Europe Steps Up Pressure on Greece as I.M.F. Chief Urges Stronger Bailout Funds

The chief negotiators for Greece’s private creditors leave Athens without securing a deal to write off some of the country’s debts.

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Talks on Greek debt deal hit snag

Shares in HMV rise more than 100% after striking a deal with its banks and suppliers which aims to halve its debts over the next few years.

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HMV in breathing space from banks

In an interview, Prime Minister Lucas Papademos said he was optimistic about talks set to resume with holders of Greek debt, but was considering his options if they do not succeed.

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Papademos Says Greece’s Creditors Could Be Forced to Take Losses

Croatians are set to vote on joining the organization, which has become mired in a debt crisis that threatens its very essence in the decade since the country first applied for membership.

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Croatia Wavers Over European Union as Allure Fades

The federal government resorted to a favorite accounting maneuver Tuesday to stay under its debt limit, suspending the issuance of securities in a retirement savings program for federal and postal employees. Read full article > >

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Treasury’s Thrift Savings Plan maneuver aims to keep government under debt cap

Renewed gloom about the debt crisis in Europe threatens to end the calm that has prevailed on Wall Street in recent weeks.

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Euro Woes Could Revive Bout of Market Volatility

Clothing retailer Peacocks intends to go into administration after failing to restructure company debts of around £240m.

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Peacocks in administration plan