Marketplace Morning Report for Friday, October 28, 2011
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A debt deal was reached in Europe yesterday, but the problems are far from over. Today, a European official spoke to Chinese leaders about getting funding for their plan, while here in the U.S., Republicans and Democrats continue to clash in super committee debates over the best way to slash the budget. Colleges are bidding for prime real estate space in New York City, while NASA launches a big weather satellite.
The head of the euro zone bailout fund is in China today asking for help.
With a deadline less than a month away, Democrats and Republicans on the super committee are disagreeing over the best way to cut the deficit.
Hewlett-Packard has switched gears again, now saying that it won't leave the PC business just yet.
Posted In: Economy
Jill Schlesinger of CBS/MoneyWatch explains why the current economic numbers in the U.S. aren't sustainable.
News about the debt crisis solution in Europe has markets reacting positively, but we still have problems to solve here at home.
Posted In: Banks
Big banks have backed off of the idea of debit card fees for now in the wake of backlash against Bank of America's plan. But where will banks try to make money going forward?
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