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PODCAST: Sequester bright side, Groupon CEO tossed aside

Senate Majority Leader Harry Reid (D-NV) speaks at news conference at the U.S. Captiol on the eve of the budget sequester on February 28, 2013 in Washington, DC.

The now-infamous sequestration -- the $85 billion in automatic federal spending cuts -- kicks in today. Chris Low, chief economist of FTN Financial, joins Marketplace Morning Report host Jeremy Hobson to discuss the bad and the good that might come out of the process.

Groupon’s board of directors fired the company’s CEO yesterday. Andrew Mason founded the daily deal site. But this is, in many ways, a familiar story.

India's finance minister has announced plans to set up the country's first ever women only bank. P Chidambaram says he hopes that it will be granted a license by October. Supporters hope it will help women establish businesses and give them financial independence. But not everyone is a fan.

About the author

Jeremy Hobson is host of Marketplace Morning Report, where he looks at business news from a global perspective to prepare listeners for the day ahead.

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