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"The ongoing European crisis presents the biggest risk to our economy," Treasury Secretary Timothy Geithner said in congressional testimony Wednesday. "The economic recession in Europe is hurting…


For Cities, Default Becomes More Attractive - WSJ.com

Muni Blues Worry InvestorsGrowing Fear That Cities Will Default—Not Out of Necessity but as a StrategyArticleComments 56MORE IN BUSINESS »smallerLargerBy MICHAEL CORKERYSome cash-strapped U.S. cities…