Top of the Hour: Markets Down After Greek Debt Announcement, Morning Headlines

World markets fell this morning after the Greek government announced its austerity measures have failed at reining in the country’s deficit. Greece will run out of cash in two weeks if it does not receive another bailout loan.

World markets fell this morning after the Greek government announced its austerity measures have failed at reining in the country’s deficit. Greece will run out of cash in two weeks if it does not receive another bailout loan.