Daily Digest 1/23 - Catalonia Misses Deficit Target, Helium Shortage Causes Drastic Measures
President Obama would likely sign off on a three-month extension of the debt ceiling but would prefer to see a longer-term deal, his spokesman said Tuesday. Obama "would not stand in the way" if a House Republican proposal for a three-month extension is approved by Congress and reaches his desk, spokesman Jay Carney said.
Portugal and Ireland have received the support of eurozone finance ministers to extend the life of bailout loans to help them to borrow normally, Irish Finance Minister Michael Noonan said on Tuesday.
Catalonia posted Tuesday a 2012 public deficit equal to 2.3 percent of its gross domestic product, surpassing the 1.5 percent target set by Madrid for Spain's 17 autonomous regions.The slippage puts at risk the 2012 deficit target the whole country agreed with its European partners.
Greek prosecutors have charged the head of the country's statistics agency and two other board members with allegedly inflating Greece's 2009 deficit, that led to the country's first rescue loan from the European Union and the International Monetary Fund in May 2010, a judicial official said Tuesday.
Wells Fargo Bank can charge New Jersey homeowners full back interest on mortgages in foreclosure cases that were delayed by a judicial review of abuses in the process, a Superior Court judge has ruled.
The number of homeless students in the Topeka school district has gone up in the last decade, while federal funding to meet their needs is at a 10-year low.
The Associated Press reports the district had about 580 homeless students last year, compared with about 340 homeless students 10 years ago.
The global jobless queue will stretch to more than 200 million people this year, the International Labour Organization said in its annual report on Tuesday, repeating a warning it has made at the start of each of the last six years.
While premiums for many small group plans in Illinois are expected to rise 5 percent to 7 percent this year, some consumers will be socked by double-digit rate hikes.
Four carriers have notified the state Department of Insurance of premium increases of as much as 25 percent on plans that cover more than 129,000 people, according to regulatory filings since mid-November.
As Valentine's Day rises into consumers minds, local florists have started preparing for a holiday that will be virtually devoid of floating balloons.
A global helium shortage has left many florists without the ability to purchase the gas, which keeps holiday balloons elevated for several weeks.
Japan's prime minister Shinzo Abe declared a "monetary regime change" on Tuesday as the central bank bowed to government pressure, setting a 2pc inflation target aimed at helping the country emerge from its prolonged bout of deflation. "This opens a passageway toward bold monetary easing," Mr Abe told reporters after the Bank of Japan (BoJ) and government jointly announced the inflation target and plans for "open-ended" central bank asset purchases similar to the strategy followed by the US Federal Reserve.
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