Germany Warns US Not to Become 'Addicted to Borrowing': The US has heavily criticized German austerity measures in recent days. Now, Germany's finance minister has fired back, warning against becoming addicted to deficit spending and noting that history has made the country extremely wary of national debt and inflation.
Fannie-Freddie Bailout Could Cost Taxpayers $1 Trillion: According to the Congressional Budget Office, the losses could balloon to $400 billion. And if housing prices fall further, some experts caution, the cost to the taxpayer could hit as much as $1 trillion.
Top Republican: Raise Social Security's retirement age to 70: Boehner, the top Republican lawmaker in the House, said raising the retirement age by five years, indexing benefits to the rate of inflation and means-testing benefits would make the massive entitlement program more solvent.
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