U.S. Weighs Further Steps for Citi

Reuters - U.S. officials are examining what fresh steps they may need to take to stabilize Citigroup Inc if its problems mount, the Wall Street Journal said, citing people familiar with the matter.

The latest word of the day is the already approved, then denied, then tabled plan to implement hispabonos was dropped from discussion Friday's cabinet meeting according to La Vangauardia.

Britain is stepping up its contingency plans in case the eurozone breaks up, even though analysts believe that only Greece is currently at risk of departing the 17-nation bloc over the debt crisis.A senior official at Britain's financial watchdog, the Financial Services Authority, said Thursday that Britain's banks were drawing up plans for the possible dismantling of the eurozone, but did not elaborate.

VIENNA — OPEC oil exporters on Thursday were in no mood to fight over how much crude to produce and instead weighed the impact of rising supplies of U.S. shale and a looming turf war in Asia. The Organization of the Petroleum Exporting Countries has little room to pump more oil due to the U.S. oil boom that has sparked competition for marketshare in Asia and set off a rivalry between its top two producers Saudi Arabia and Iraq.

By Chris Ciovacco: It is too early to get overly concerned about the intraday weakness we have seen in recent sessions. However, it is not too early to have contingency plans in place should outcomes skew toward the bearish end of the spectrum. Muted Response To Fed

Rains force Olympic contingency plans (Getty). It doesn't look like the London Olympics are getting a break in the weather. As we reported last week, the Brits have had the wettest spring/summer in decades. Now, Games organizers are making last-minute contingency plans for possible waterlogged venues. Olympic reps admitted Tuesday the recent weather [...]

Add Stockton, California (population 292,000) to the list of cities bankrupted because of bad management and over-generous public union wages and benefits. Please consider New Stockton City Hall building seized by Wells Fargo; city preps bankruptcy contingency plan The Stockton City Council announced Wednesday that they will look at bankruptcy contingency plans after Wells Fargo seized the new city hall building.

Geithner and other officials have repeatedly said there are no contingency plans if lawmakers don’t give the government the authority to borrow more money