Marketplace Morning Report for Monday, May 16, 2011

Episode Description 
Marketplace Morning Report for Monday, May 16, 2011

U.S. dips into pension funds as it hits debt limit

The U.S. Treasury is tapping into federal pension funds to free up borrowing capacity as the nation hits the $14.3 trillion legal debt limit. Washington Post's Ezra Klein explains.

Global finance community prepares for a potential shift at the IMF

In light of Dominique Straus-Kahn's weekend arrest, many economic leaders are discussing what's next for the eurozone if there's a leadership change at the IMF.

NASDAQ bows out of bid for NYSE, clearing way for Deutsche Boerse

Deutsche Boerse became the front runner to buy the New York Stock Exchange today after NASDAQ withdrew their bid, citing antitrust concerns.
Posted In: Wall Street

Treasury strives to avoid U.S. debt default

As the default deadline looms ahead in early August, the U.S. Treasury is moving money around in federal accounts to keep paying bills.

Potential change in IMF leadership could impact global economics

The chief of the International Monetary Fund, Dominique Strauss-Kahn, is expected to be arraigned in New York this morning. Simon Johnson, former IMF chief economist, explains how a change in leadership could affect the European bailouts, and who could be in the running as the next head of the IMF.
Posted In: Banks

Deadline to raise debt ceiling today

With the U.S. government reaching its legal borrowing limit on today, Fortune Magazine's Allan Sloan explains what an impact that could have on Americans.

IMF head expected to be arraigned

International Monetary Fund chief Dominique Strauss-Kahn is expected to be arraigned in New York this morning on charges that he sexually assaulted a maid over the weekend. What will that mean for bailout negotiations in Europe?
Posted In: Banks

Fracking employs plenty of lawyers

The U.S. natural gas boom is paving the way for another kind of all-American boom: litigation. Lawyers are lining up clients in states from Pennsylvania to Colorado.

New survey questions the value of college

As college tuition -- and student debt -- keep rising, more people are asking whether it's worth the cost. The Pew Research Center put that question to the public in a new survey.
Posted In: Education

NBC tries to get over the 4th place hump

Upfronts, the all-important TV ad-buying event, begin for NBC today. The network is currently sitting in 4th place in ratings.
Posted In: Entertainment

Exchanging virus samples for vaccine access

The World Health Organization will meet today to discuss a treaty that will increase access of essential vaccines to developing countries in exchange for important tissue samples.
Posted In: Health

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