CANNES, France — Leaders of the world’s most industrialized nations scrambled Thursday to rescue a European Union deal to restructure Greek debts and prevent a regional financial crisis from spreading and creating further global economic disruption. President Barack Obama and his European Union counterparts held closed doors meetings looking for ways to salvage last week’s marathon...

U.S. Rep. James Clyburn criticized Standard & Poor's downgrade of America's debt rating on Tuesday, saying he thinks the decision was based more on politics than economics.The Democrat from South Carolina told reporters he's concerned the decision focused on Washington's fractious political climate rather than America's actual ability to pay its debts."I think this is very unfortunate. I think it ...