1. AID

    Fed Pours Dollars Into Europe

    WASHINGTON, DC - JULY 22:  Treasury Secretary's Timothy Geithner's signature can be seen on a new twenty dollar bill, at the Bureau of Engraving and Printing on July 22, 2011 in Washington, DC. The printing facility of Bureau of Engraving and Printing on 14th Street in Washington was until 1991 the only facility printing Federal Reserve notes until a western facility was opened in Fort Worth, Texas.  (Photo by Mark Wilson/Getty Images)

    Mark Wilson / Getty Images

    As Europe's financial system looks increasingly precarious, the U.S. Federal Reserve allowed central banks of other countries to exchange their currency for American dollars, which the banks have had trouble raising from anxious investors. Central banks will then be able to lend the dollars out to investors. The coordinated move buoyed stocks around the world, with the European and Asian markets generally out of the red. In Japan, the Nikkei closed up 2.2 percent. It's the first time the Fed has swapped dollars with European banks since the worst periods of the 2008 financial crisis.

    Read it at The Washington Post