Marketplace Morning Report for Monday, August 1, 2011

Episode Description 
Marketplace Morning Report for Monday, August 1, 2011

Hours before the debt deal vote, how are conservative Republicans in the House feeling?

The proposal announced late yesterday calls for big cuts over the next decade, including nearly $2.5 trillion to defense and entitlement programs

How do you calculate a spending cut?

Voting gets underway today on a plan to raise the nation's debt ceiling. The proposal calls for $2.4 trillion in cuts over the next decade, including to defense and entitlement programs.
Posted In: Health

Debt ceiling plan hits defense budget

The tentative debt plan initially cuts over $350 billion from the Pentagon's budget -- and more cuts could come eventually

Economic recovery stalls, but now cuts could be coming

Economist Julia Coronado says jobs and economic data indicate the economy needs help -- not cuts. But despite the headwinds, economy is not heading to recession.

Debt deal avoids a default, but a downgrade may be coming

The credit rating agencies could still downgrade U.S. debt because of worries over our overall debt load.

Debt ceiling deal unlikely to tackle taxes

Republican and Democratic lawmakers are expected to vote today on the tentative deal to raise the debt ceiling. But it's unclear what, if any, of the budget solution will come from taxes.
Posted In: Personal Finance

Does this 'debt deal' solve our debt problems?

Moody's Analytics chief economist Mark Zandi says that the debt deal is a good first step, and that he expects the U.S. to keep its top-notch credit rating.
Posted In: Economy

Global markets relieved by tentative debt deal

A possible deal to raise the U.S. debt ceiling has cheered the markets, and calmed fears that the global economy was about to face another financial crisis.

Congressional debt deal relies on 'triggers' for future cuts

Democrat and Republican leaders have reached a tentative deal to raise the U.S. debt ceiling. But most analysts say this compromise is far from a cure-all for what ails the U.S. economy.

NBA players, owners feel economic pinch of lockout

Players are weighing their foreign options; owners complain of losing money
Posted In: Sports

Should Greece follow in Argentina's footsteps?

Riots broke out when Argentina defaulted back in 2001, but the country's already bouncing back to recovery

The growing influence of low-cost "curbside" bus service

A new study shows that intra-city bus lines like BoltBus and Megabus are stealing passengers from Amtrak and even airlines.
Posted In: Transportation

Public schools pass costs onto parents

A Texas school will charge students for riding the bus. It's another result of the budget crises most states find themselves in.
Posted In: Education

Music from this show

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Late Shift
The Hard to Get
The Dreaming Mind (Part 1)
Quantic And His Combo Barbaro
Gotta Be Something
D-Tension
Homecoming ((Edited)) [feat. Chris Martin] [Clean]
Kanye West
Funk Infected (Instrumental)
DJ Drez

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