Marketplace Morning Report for Friday, December 16, 2011

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Congress reaches a deal to avoid a government shutdown -- and it hinges around light bulbs. Retired Americans are no longer shipping off to Florida when they are done working. On the front lines of the European debt crisis, Italy passes austerity measures proposed by new Prime Minister Mario Monti.

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Fitch downgrades major banks

Ratings agency Fitch has downgraded major banks like Goldman Sachs and Bank of America, but the credibility of such agencies is also waning.
Posted In: ratings agencies, Fitch, Banks

Italian lawmakers vote on austerity measures

A vote today in Italy passes a round of austerity measures suggested by newly appointed Prime Minister Mario Monti. But is it enough to make a dent in the problem?
Posted In: italy, austerity, Mario Monti, Europe debt crisis

Leaders in Washington to vote on a temporary spending deal

Lawmakers are on track to agree to a temporary budget deal ahead of tonight's midnight deadline.
Posted In: politics, Washington D.C., government spending

Congress could settle on a two month extension

Long-term budget issues in Washington are yet to be resolved, but it is likely that leaders will settle on a temporary two month extension of the payroll tax cuts.
Posted In: payroll tax, Washington D.C., federal budget

A step backward on energy-efficient lighting

After industry agreed to the terms of making more efficient light bulbs widely available, Congress has back tracked on enforcing the law.
Posted In: light bulbs, energy efficiency, Washington D.C., politics

Will Congress soon decide on a budget plan?

For now, it looks at though leaders in Washington will push back any long lasting decisions on the deficit into next year.
Posted In: politics, Washington D.C., federal budget

PODCAST: Austerity for the holidays

Congress reaches a deal to avoid a government shutdown -- and it hinges around light bulbs. Retired Americans are no longer shipping off to Florida when they are done working. On the front lines of the European debt crisis, Italy passes austerity measures proposed by new Prime Minister Mario Monti.
Posted In: Washington D.C., austerity

Governor of Alabama on immigration, disaster relief

Governor Robert Bentley of Alabama discusses the federal budget, disaster relief spending, and why his state is cracking down on immigration
Posted In: Alabama, Governor Robert Bentley, FEMA

Mid-day Extra: More from Alabama

Governor Robert Bentley of Alabama discusses illegal immigration, the federal budget, and disaster relief spending.
Posted In: Alabama, FEMA, Governor Robert Bentley

SEC files complaint against former Freddie, Fannie CEOs

Federal regulators at the Securities and Exchange Commission just this morning charged several former executives at mortgage giants Fannie Mae and Freddie Mac with civil fraud
Posted In: Freddie Mac, Fannie Mae, SEC

Bipartisan legislation on Medicare unveiled

Senator Ron Wyden and Representative Paul Ryan released a bipartisan Medicare reform plan. The timing, amid budget and payroll tax fights, could be intentional.
Posted In: health care, Medicare, Paul Ryan, Ron Wyden

The rise of the everywhere mall

Retailers and mobile apps are making it easier for consumers to shop anywhere and everywhere this holiday season.
Posted In: Retail, holiday shopping

Calculating food and gas prices in consumers' attitudes

The Core Consumer Price Index tracks all kinds of spending except on food and gas, even though those prices help indicate consumers' choices and attitudes.
Posted In: consumer, index, inflation

More Baby Boomers choosing not to migrate

Many are now realizing they'll have to work through their retirement years, which means staying in the areas where they have their career networks, instead of moving to warm states like Arizona.
Posted In: Retirement, baby boomers

Budget deal: Keep incandescent light bulbs on a little longer

A deal to avoid government shutdown was reached in Washington yesterday, but one of the provisions of the deal means that new laws surrounding light bulbs won't be enforced for the time being.
Posted In: politics, Washington D.C., payroll tax, light bulbs

Music from this show

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Hot Hands: a Tribute to Throwing Muses & Kristin Hersh [Explicit]
Various Artists
Siboney
Xavier Cugat
Pickin' Up the Pieces: The Best of Average White Band 1974-1980
In Heat (Javelin Rmx)
Health

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