The German government is very unhappy with the Federal Reserve’s decision to buy up an additional $600 billion in U.S. Treasury bonds. Finance Minister Wolfgang Schäuble says the Fed won’t be able to solve America’s financial problems in this manner. The move is seen as detrimental to the Euro countries because it causes the value of the dollar to drop, and thus gives American exports an advantage.
In other news, despite playing a major role in the policies that just led to her party’s drubbing at the polls, Speaker of the House Nancy Pelosi has announced that she will have a go at maintaining her leadership of the Democrats when they become a minority in the House in January.
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