Former Italian Prime Minister Silvio Berlusconi was expelled from parliament for violating an anti- corruption law, ending a 19-year tenure that spanned four recessions that did little to dent his personal popularity.
Italy’s government bonds rose, with two-year yields dropping the most in almost three weeks, as the nation’s borrowing costs fell at an auction before lawmakers vote on the future of former Premier Silvio Berlusconi tomorrow.
Italian Prime Minister Enrico Letta’s 2014 budget faces a confidence vote in the Senate today, the first test for the government’s new majority and possibly the last stand in parliament for Silvio Berlusconi.
President Barack Obama has set a Nov. 30 deadline to fix the administration’s health-care website. The federal program’s rollout, including the site’s technical problems, has hurt the president’s approval rating.
The former secretary of Imelda Marcos was found guilty of attempting to sell four missing paintings and failing to report taxes on the one that she did sell, a Claude Monet water lilies painting for $32 million, according to Manhattan District Attorney Cyrus Vance Jr.
Former Italian Premier Silvio Berlusconi said he’s powerless to topple Enrico Letta’s coalition government after Deputy Prime Minister Angelino Alfano left the PDL party to form a group supporting the cabinet.
Bernard Madoff and his wife chose the exact amount of personal tax they would pay each year with the help of fake documents provided by a top aide on trial over the con man’s $17 billion fraud, a jury was told.