Marketplace Morning Report for Monday, September 10, 2012
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Summer is officially over for members of the U.S. Congress who return to session today. But don't expect a lot to come from Capitol Hill over the next several weeks before election day. Despite looming deadlines around the Farm Bill and the so-called "Fiscal Cliff." Also on the show, the capital of Vermont is getting into the utility business - piping wood-fired heat from a state building to local businesses. And Marketplace's David Gura examines news today that the U.S. Treasury Department plans to sell $18 billion shares of AIG stock in a public offering that would reduce its stake by more than half.
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Members of Congress will return to session today. But don't expect a lot to come from Capitol Hill over the next several weeks before Election Day. The U.S. Treasury plans to sell $18 billion shares of AIG stock in a public offering that would reduce its stake by more than half. Katie Couric launches her daytime talk show today. Is she the next Oprah? Plus, Toys "R" Us faces challenges as it releases a tablet for kids, the capital of Vermont is getting into the utility business, and will the Fed announce a new round of economic stimulus?
Posted In: tabeo, tablet
Toys 'R' Us will release a new tablet that's designed just for kids. But getting into the tablet hardware business could prove to be a grown-up challenge.
Posted In: credit card debt, student loan
Credit card delinquency rates are near record lows, but student loan debt is filling the void and that could affect the job market
Posted In: AIG, bailout, financial crisis, U.S. Treasury
The former Chief Restructuring Officer at the U.S. Department of the Treasury says the government could end up making $20 billion on the AIG bailout
Posted In: Glencore, merger, mining, Xstrata
Trading giant Glencore has made a new bid for mining company Xstrata, thanks in part to some deal making by British Prime Minister Tony Blair.
Posted In: heating, utilities, wood heat
The tiny capital of Montpelier will refurbish the wood-fired heating plant its uses for the State House, then sell excess heat to nearby buildings.