Uncle Sam will begin selling the stake it owns in Citigroup. The 7.7 billion shares were given to the government in exchange for $25 billion in bailout money that was floated to Citigroup during the banking crisis in 2008. The U.S. Treasury says taxpayers could see about $7.5 billion in profit from the sale. Source Link
More than eight of out ten Americans say the middle class will have to make financial sacrifices to reduce the federal budget deficit, but just don't raise their income taxes or put new limits on Social Security and Medicare. The Quinnipiac University poll says the majority think other spending cuts and new taxes on those who earn more than $250,000 a year are the way to trim the federal budget deficit. Source Link
Forget Pompeii - the next great natural disaster in Italy involving a volcano could be more wet and wild than hot and steamy. The president of Italy's National Institute of Geophysics and Volcanology told a leading newspaper there that an undersea volcano deep in the Mediterranean near Naples is at risk of collapsing. That could trigger a tsunami that would engulf southern Italy, including the island of Sicily. Source Link
