As The World Turns

Ireland edges closer to defaulting

The country slashes state jobs, benefits, and pension payments in a bid to avoid bankruptcy.  

But it may not be enough 

Also: 

• More on the Irish crisis
• Gloom spreads in Europe
• Americans spending more

Why Europe struggles as U.S. rebounds

Economic fixes are working in America, but belt-tightening moves abroad face problems.  

Disaster in Ireland 

Also: 

• Improving U.S. economy
• Irish austerity plan  
• Measuring U.S. economy