World leaders scramble to negotiate $60 billion rescue plan for Greece

LONDON — European and International Monetary Fund negotiators were racing Friday to hash out a $60 billion rescue package for Greece after its prime minister, who called his country a “sinking ship,” put out an urgent call for help to prevent a national default.

U.S. Funds Own $3.4 Billion In Toxic Securities

U.S. Funds Own $3.4 Billion In Toxic Securities

Federal deficit hits $36 billion eight months into fiscal year

Ottawa’s budgetary deficit ballooned to more than $36 billion two-thirds of the way into the fiscal year as the recession and its aftermath took a heavy toll on spending and revenue, the federal Finance Department said Friday.