The fiscal year is over … shouldn’t we have a federal budget?
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Congress didn’t get to that budget last night. They kicked the spending can down the road that leads past the November elections. One unresolved issue: funding for the poor Postal Service.
If you’ve enjoyed Marketplace for many years, you remember our former host David Brancaccio. He’s back, with a new Marketplace beat called “Economy 4.0,” about the efforts to re-engineer the financial system. In Part 1 today, David makes even those Basel III banking rules interesting.
Worries from overseas… Beijing is angry that the House yesterday voted to penalize China for manipulating its currency. And Ireland’s finance minister says his country’s fiscal situation is “horrendous.” Here’s our Europe correspondent Stephen Beard on how much the latest bank bailout could cost and how Ireland’s economic situation compares to the rest of Europe.
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