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...between Senators Max Baucus, a Montana Democrat, and Chuck Grassley, an Iowa Republican. And it was to more than a bit of confusion that Reid hours later threw out the deal, replacing it with a stripped down $15 billion bill that would only provide scaled-back tax credits and help for small businesses, highway construction and state and local governments. "What happened?" gasped a collectively taken-aback Washington...

Author: /time Magazine | Title: Why Harry Reid Yanked the Jobs Bill | 2/16/2010 | See Source »

...members reacted to Tin Oo's release by voicing hope that Suu Kyi's second-in-command could help reinvigorate the beleaguered political party. "Tin Oo is politically experienced, a seasoned politician, which is very much important and significant for us," Win Tin, an NLD leader who was imprisoned for 18 years, told the Mizzima news agency. He said the government had done all it could to cut off contact between the NLD and the Burmese people, and that Tin Oo, who is widely respected, could help re-establish that connection...

Author: /time Magazine | Title: Burma's Prison Release: Reading Between the Lines | 2/16/2010 | See Source »

...staggering budget deficit of 12.7% of GDP and a $410 billion public debt, which free-spending Greek officials long kept secret from the rest of the euro zone. Now that Greece is on the verge of defaulting, its monetary partners will have to hand over huge loans to help keep the country solvent - all in order to prevent the euro from going into a free fall and becoming mere Monopoly money...

Author: /time Magazine | Title: In Paris and Berlin, Fury Over a Greek Bailout | 2/16/2010 | See Source »

...indeed get even worse. At a summit in Brussels on Feb. 11, European leaders pledged to help Greece deal with its crushing debt while Athens said it would slash its budget deficit to 3% by 2012 - but the leaders produced few details on how exactly they would help. (Read "E.U. Comes to Greece's Rescue, with Strings...

Author: /time Magazine | Title: In Paris and Berlin, Fury Over a Greek Bailout | 2/16/2010 | See Source »

...alone. According to polls conducted in Germany last week, 53% of people want Greece tossed out of the euro zone if it can't resolve its deficit dilemma without outside funding - a financial helping hand that a full 71% of Germans don't want their government to extend. Though no similar surveys have been conducted in France, leaders there say the public sentiment is much the same. "There are cultural differences for why the French wait for something to happen before reacting when the Germans respond as they see it developing, but opposition to a bailout - if that happens...

Author: /time Magazine | Title: In Paris and Berlin, Fury Over a Greek Bailout | 2/16/2010 | See Source »

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