Originally published on Thu April 11, 2013 6:08 pm
It's going to cost more to bail out Cyprus than originally projected, with officials now saying the cost will be $30 billion instead of the original estimate of $23 billion.
"It's a fact the memorandum of November talked about 17.5 billion [euros] in financing needs. And it has emerged this figure has become 23 billion [euros]," government spokesman Christos Stylianides was quoted by the BBC as saying on Thursday.
The president's $3.77 trillion fiscal 2014 budget plan is expansive. But the part getting the most attention is his proposal to change the way the government calculates inflation using a measure known in economics-speak as chained CPI.
Originally published on Thu April 11, 2013 6:26 pm
It's comeback season for public figures who have been disgraced by their own sex lives.
Former South Carolina Republican Gov. Mark Sanford, who received national attention after leaving the country to pursue an extramarital affair five years ago, is favored to win a May 7 special House election. He won Speaker John Boehner's endorsement this week.
Originally published on Fri April 12, 2013 8:14 am
This week, Washington took on hip-hop royalty, when two Florida representatives went after Jay-Z and Beyonce for their recent trip to Cuba.
"We're saying that no one is above the law, even if you are the diva Beyoncé, and that's wonderful that she's famous and rich, and Jay-Z, everybody loves him, too. Terrific. But no one's above the law," Rep. Ileana Ros-Lehtinen told CNN.