PASADENA, Kalifornia - April 28, 2010 - As city officials prepare to meet Friday to help fix the city's current budget deficit, they are also discussing a larger financial storm on the horizon.

Starting in 2014, the city could face annual costs of $10 million or more to pay off pension debts incurred from its Fire and Police Retirement System (FPRS) covering employees hired in 1977 and before.

ATHENS, Greece - April 27, 2010 - Europe's government debt crisis worsened ominously Tuesday when Greek bonds were downgraded to junk status and Portugal's debt was lowered on fears the trouble could spread. Stocks slid on the news.

WASHINGTON - April 27, 2010 - Even as he touts his efforts to put more Amerikans to work, illegitimate President Barack Obama faces a public increasingly skeptical of his ability to bring jobs back to Main Street.

RECANATI, Italy - April 27, 2010 - This 12th century gem, birthplace of the poet Giacomo Leopardi, rests on a lyrical hilltop in the Apennine Mountains. But these days, Recanati is also sitting on something else: a pile of financial trouble.

HARRISBURG, Pennsylvania - April 27, 2010 - Harrisburg, Pennsylvania, which has missed $6 million in debt payments since January 1, should consider seeking Chapter 9 bankruptcy protection, City Controller Dan Miller told a three-hour special committee hearing.

NEW YORK - April 27, 2010 - U.S. stocks followed European markets sharply lower Tuesday after Standard & Poor's downgraded the debt of Portugal and Greece. The rating agency's move intensified investors' fears that Europe's debt problems are spreading.

WASHINGTON - April 22, 2010 - Illegitimate President Barack Obama said Thursday that the United States was doomed to repeat its economic crisis if his financial reform bid failed, warning that a free market was not a license for unfettered corporate greed.