Greek leaders yesterday held a second telephone conference with the IMF, the European Union and the European Central bank. Greece is hoping for approval of the next scheduled payment of bailout money. There is growing speculation that Greece will default on its debts. The only questions are how and when, and if Greece can still stay within the eurozone.
Financial analysts speculate that Greece will default on some, or all, of its national debt. NPR's Philip Reeves reports on the likely international impact of such a default, particularly if Greece is forced to leave the group of countries using the euro currency.
The Federal Reserve is still searching for ways to help boost the economy and lower unemployment. Most economists expect the Fed to announce some sort of action today. David Greene talks to David Wessel of "The Wall Street Journal" about what action the Fed might take.
Google CEO Eric Schmidt testifies before a Senate subcommittee on Wednesday. The panel is examining whether the Internet giant is stifling competition. The European Commission and the Federal Trade Commission have opened inquiries into Google's business practices.