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Pontiac’s debt crisis worsens; officials say fewer options are available WITH VIDEO Just what medicine will Pontiac have to swallow in the next deficit elimination plan? Read more on The Oakland Press

BIS Urges Europe to End Debate And Resolve Debt Crisis ‘Once And For All’ “For well over a year, European policy makers have been scrambling to put together short-term fixes for the hardest-hit countries while debating how to design a viable and credible long-term solution,” the BIS said in its annual report published today in [...]

Greek debt crisis: Jim O’Neill warns eurozone leaders ‘be bold or the grand project of Europe faces serious trouble’ Goldman’s Jim O’Neill urges eurozone leaders to be bold and offer yield-hungry Asian investors a true euro bond and relax debt to GDP restrictions or risk serious trouble for the grand project … Read more on [...]

Officials: Without major changes, debt crisis looms WASHINGTON (AP) — The rapidly growing national debt could soon spark a European-style crisis unless Congress moves forcefully, the Congressional Budget Office warned Wednesday in a study that underscored the stakes for Vice President Joe Biden and Read more on The Vacaville Reporter

Europe’s Debt Crisis Deepens as Greece Plans Cuts Europe’s debt crisis deepened as Greece struggled to complete a fifth austerity plan to keep pace with its mounting deficit and Italy faced a possible credit-rating cut Read more on BusinessWeek

Debt Issue Heightened by Cost of Living Crisis – Read more on PR Newswire via Yahoo! Finance

Crisis control defines Obama presidency On the one-year anniversary of the BP spill, Obama’s presidency has been largely defined by moving from one challenge to the next. Read more on MSNBC

UPDATE 1-Osborne: Euro zone crisis shows debt dangers for UK * Real risks in not tackling debt, Osborne says * Deficit-deniers playing “Russian roulette” * Britain not expected to offer bilateral loan to Portugal (Adds quotes) LONDON, April 7 (Reuters) … Read more on Reuters UK Focus via Yahoo! UK & Ireland Finance

Crisis averted, or is it? What does the near-shutdown say about our government? Well, crisis has been averted. Read more on SMU Daily Campus

Hope EU debt crisis does not spread to rest of Eurozone: FM Pranab Mukherjee said if the lingering sovereign debt crisis in the Eurozone economies is not contained, the global economy may fall into another crisis. Read more on The Economic Times