Spain

Spain's government raised $2.6 billion at a bond auction this morning, but their financial crisis still looms with the banking system and government propping each other up.

Spain nears a credit crisis, worldwide markets are down, and U.S. borrowing costs near zero. Some economists argue this economic instant is the best time for the U.S. government to invest in infrastructure projects.

It used to be a pipe dream of some European officials just a year ago. Now, German Chancellor Angela Merkel is pushing for a central authority to regulate all the finances of countries that use the euro.

Stocks are down all over the world this morning as investors have their first chance to react to the Labor Department's May jobs report that came out on Friday. But the negative market sentiment isn't just about jobs.

Spain's Deputy Prime Minister, Soraya Saenz, will head to Washington to discuss ways to resolve the Spanish banking crisis with Treasury Secretary Tim Geithner.

The European Commission recommended today that Europe bring its banking system into closer union, so that stronger parts of the EU can help out weaker links without disrupting individual governments.

With borrowing costs spiking for Spain and Italy, the Obama administration has sent a top treasury official to Europe to encourage European leaders to take decisive action on their financial mess.

The European Commission has recommended today that banks in the eurozone create a union to help regulate and bolster failing banks.

Although Spanish culture frowns upon talking about money, a financial crisis there is teaching everyone a little more about economics.