The federal government is on the verge of shutting down at midnight if Republicans and Democrats don’t reach a deal to fund operations for the rest of the fiscal year.
European finance ministers say Portugal will have to implement deeper austerity measures in return for a multi-billion euro bailout, expected to total around $115 billion over three years, while also insisting Spain won’t be sucked into the crisis — although other observers aren’t so sure.
MarketWatch
