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Bloated deficits endanger dollar's global status

Patrice Hill

Obama to get earful at G-8 on greenback's dwindling value

Worries about burgeoning U.S. budget deficits are weighing on the dollar and undermining its status as the world's pre-eminent reserve currency.

Empire State Building goes green
4 AM Chris Kahn ASSOCIATED PRESS
When the owners of the Empire State Building decided to blanket its towering facade this year with thousands of insulating windows, they were only partly interested in saving energy. Continue reading »
Stock indexes close slightly higher
4 AM ASSOCIATED PRESS
Investors are finding some appetite for risk after a jittery week. Continue reading »
GM sale cleared, set to exit Chapter 11
3 PM Tom Krishner ASSOCIATED PRESS
The path is now clear for General Motors Corp. to leave bankruptcy protection in record time as a leaner company that is better equipped to compete in a brutal global auto market. Continue reading »
565K new jobless claims, level since Jan.
11 AM Christopher Rugaber, ASSOCIATED PRESS
The number of newly laid-off workers filing initial claims for jobless benefits last week fell to lowest level since early January, largely due to changes in the timing of auto industry layoffs. Continue reading »
Tremors jar G-8
4 AM Shelley Emling THE WASHINGTON TIMES
Despite a laundry list of global challenges, the Group of Eight summit that opened Wednesday in the temblor-rattled Italian city of L'Aquila has been overshadowed by a sex scandal, earthquake fears and poor planning by ... Continue reading »