Jumat, 09 September 2011

US stocks fall sharply as worries about Europe debt crisis overshadow Obama jobs plan

The problems that weighed down stocks all summer show no sign of letting up.

U.S. stocks plunged Friday, erasing the week's gains, as rising fears about fallout from Europe's debt crisis overshadowed President Barack Obama's plan to revive the U.S. job market.

The resignation of a key official from the European Central Bank was the latest sign of deepening disagreement over how to solve Europe' economic problems. And it's not clear to traders that the president's jobs plan can pass through a divided Congress.

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Dan Zak 10 Sep, 2011


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Source: http://feeds.washingtonpost.com/click.phdo?i=90eaefa72eadcaec80861493c3d10e87
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