Page 17 - Cut Backs News Today : Breaking News, Live Updates & Top Stories | Vimarsana

13,000 before falling slightly to close at 12,966. the nasdaq down just a little bit and s&p up a fraction. part of investors' enthusiasm today was because of world finance ministers finally signing off on a bailout deal for greece. one worth more than $170 billion. it includes loans equivalent to about $29,000 for every single person in greece. and banks and private investors are being asked to forgive more than $140 billion in greek debt. as part of the deal, greeks have to accept some strict cut backs. for example, a 22% cut in the minimum wage for private sector employees. cutbacks like th...

Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.

Period of time would be devastating. we cannot expect people to absorb these kinds of cut backs, when you have wall street cashing in on the economy. >> it makes no sense. >> we don't have to go into default. it should not be a choice. we have to do everything we can to avoid it, we cannot ask the poor and the middle class to continue to bear the burdens of the wrong decisions that congress has made. >> for the latest on the negotiations, let's turn to sam stein and michael eric dyson, a professor of sociology at georgetown university and author of "can you hear me now?" . sam, what's the late...