News In Brief

MID-DAY UPDATE: Egypt offers supplies to fellow protesters, White House works to settle mortgage breakdowns

Katharine Crnko Feb 24, 2011
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News In Brief

MID-DAY UPDATE: Egypt offers supplies to fellow protesters, White House works to settle mortgage breakdowns

Katharine Crnko Feb 24, 2011

As protests and violence continues to escalate in Libya, Egyptian citizens are offering more than just moral support. As Mitchell Hartman reports from Cairo, Egyptians are using Facebook, and other social networks to organize food, medical, and financial donations to Libya. Check out Mitchell Hartman’s newest Reporter’s Notebook entry, “On rich and poor in Egypt…” and don’t miss his photo slideshow.

There is a report out today from the Wall Street Journal that says the Obama administration is working to settle mortgage-servicing breakdowns that involved practices like robo-signing foreclosure documents. The settlement plan could cost America’s largest banks billions of dollars.

As states struggle to fight rising deficits, many state governments are preparing to make serious budget cuts. Marketplace’s economics correspondent Chris Farrell explains that health care is at the heart of federal and state deficits.

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