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  • 21
    Dec
    2010
    5:45pm, EST

    Susana Vera / Reuters

    Spanish Economy Minister Elena Salgado (C) blows a kiss after voting to pass the 2011 budget in Madrid, Dec. 21, 2010. Spain's Parliament on Tuesday formally approved the government budget for 2011, which is designed to cut the deficit by more than three percentage points and convince debt markets its public finances are sustainable.

    Spain passes austerity budget

    By Rich Shulman

    I don't think you'll ever catch U.S. Treasury Secretary Timothy Geithner doing this. Of course, you probably won't catch Congress passing an austerity budget, as Spain did today.

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    Explore related topics: spain, budget, world-news, elena-salgado

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Rich Shulman

is a multimedia editor at msnbc.com. Before that, he was a picture editor at Corbis and the Director of Photography at the Everett, Wa. Herald.

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