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Morning News: US Debt Woes Greater Than Europe

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market update

Every morning the Street of Walls team puts out an update on market levels, today’s top stories, and active M&A deals.

Today’s Top Stories:

  • Greece Update: as expected, the Greek parliament Sun night approved an austerity package
  • Portugal Bailout: Troika Officials from the IMF and European Union Start Their Third Review of Portugal’s Bailout Package on Wed Feb 15
  • Obama Budget Plan: Obama will release his F13 budget on Mon 2/13, calling for ~$3T in deficit reductions over 10 years (inc. $1.5T worth of new tax hikes from ending the Bush rates and imposing the “Buffett Rule”)
  • US Debt Problems: A former PBOC advisor said the world should be on...

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