A group of 12 lawmakers will start work soon to cut $1.5 trillion in debt by November. Former Congressman James Bilbray, who served on the Base Realignment and Closure Commission, explains how this commission could make progress on reducing the debt.
Reports of possible bank runs and even an Asian bank cutting off lending to French financial institutions are driving European markets lower this morning. Marketplace's Jeff Horwich explains what that means for Americans and for Wall Street.
Marketplace Economics Correspondent Chris Farrell says the debt problem actually creates an opportunity for growth. With rates so low, he says now is the time to borrow more and create new infrastructure.
After another big sell-off yesterday, shares are back up in overseas trading this morning -- one reason for that rebound is that people aren't as worried about French banks and the credit rating of France's debt.