Showing posts with label Bailouts. Show all posts
Showing posts with label Bailouts. Show all posts

Wednesday, May 25, 2011

GOP Bill Proposes Ban on Spending U.S. Dollars on EU Bailouts


A new warning from a ratings group today warns that if Greece's financial situation deteriorates, the global economy will suffer as well. The news has rattled Rep. Cathy McMorris Rodgers (R-WA), who's proposing a bill to prevent more U.S. dollars to be spent on bailouts of European Union countries. She spoke to Neil about the plan and told that "we have to change the borrow, spend, bailout policies."