Leaders in Europe are trying to prevent another debt crisis with a new money plan. And this is needed, because some European countries are spending much more money than they are taking in. They are running on huge deficits. Because many of them share the same currency, the Euro, if one of these governments goes under it could hurt all of their economies, the U.S economy and others worldwide. Her..
Specifically, a look at U.S unemployment rate. This is something that a lot of people use to measure how the overall economy is doing. On the first Friday of every month, the government announces the current unemployment rate, so that came out this past Friday. The U.S has been at around 9 % unemployment for most of this year. In November, that number dropped to 8.6 %. so that's good news right?..
First up, today, we are looking at a combined effort to try to support the global economy. The federal reserve, the Fed, is the United State's central bank that means it's the country's main financial authority. It's responsible for printing up money and setting fianancial policies. Yesterday, the Fed annnounced a plan that involves five other central banks from around the world. They are teamin..