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Domestic News | May 16, 2012

This is News - May 16, 2012

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Greece's government in turmoil, and in the U.S., an epic battle with the White House over raising the debt ceiling

Leader of the Democratic Left party Fotis Kouvelis leaves the Presidential Palace after his meeting with the President and the other Greek political leaders in Athens, Wednesday, May 16, 2012. Greek state TV said the country's new elections will be held on June 17. (AP Photo/Thanassis Stavrakis)

With Greece's government in turmoil, it looks as though the country will not meet its financial obligations; a new election will have to be held by mid-June. And in the U.S., an epic battle with the White House over raising the debt ceiling once again.