Weekly Wrap: Super committee, and Europe
The Wall Street sign near the front of the New York Stock Exchange August 5, 2011.
Kai Ryssdal talks to John Carney from CNBC and Lizzie O'Leary from Bloomberg News about the week's news on Wall Street and beyond.
On the super committee's upcoming deadline:
Lizzie O'Leary: This is the very fine line of the politics of this thing. The White House has some buy-in here or some impression of some buy-in -- but not too much. Because remember, if it comes from the White House, then it might be sort of more odious for the congressional masses who are theoretically supposed to vote on this thing.
John Carney: I'd say there's about a 50-50 chance of a deal righ tnow. You have to remember, the super committee was really set up to save face for everyone for a few months. And I think the hope was, well the economy might look a little better so government revenues will go up because of that. A couple people might shift, maybe the Democrats will be open to a few more cuts; the Republicans might soften a bit. That hasn't really happened.
For more analysis, listen to the audio above.