Posted by Daryl Paranada
For Marketplace Morning Report, Monday July 25, 2011
Here are today's top headlines from the Marketplace Morning Report and from around the web.
Lots of debt coverage on today's show. We looked at why the markets aren't panicking right now, even though a debt ceiling deal seems pretty far off. And we discussed why the bond markets are remaining calm amid the debt ceiling debate.
One deficit-reduction plan from the Senate calls for $70 billion in cuts in health, labor and education spending over 10 years. Reporter Amy Scott has that story. And economist Julia Coronado explains whether the debt debates will do any long-term damage to Treasury bills.
As the debt talks continue, negotiation tactics will play an important role in reaching a deal. We discuss the art of negotiation with a professor from MIT.
And finally China, the second biggest holder of U.S. debt after the Federal Reserve, is waiting to see whether a deal will be reached.
In merger news, AT&T is delivering more data to the Federal Communications Commission to support its argument that a merger with T-Mobile will improve service and even cut costs for consumers.
Former newspaper editor James O'Shea talks about the Wall Street deals that he believes helped bring down the great American newspaper.
And Britain's speaking clock turns 75. A lot of Amy Winehouse music today, the troubled singer died over the weekend. Here's our playlist:
- Tears Dry on Their Own -- Amy WinehouseBuy
- Barbarism Begins at Home -- The SmithsBuy
- Love is a Losing Game -- Amy WinehouseBuy
- None Shall Pass -- Aesop RockBuy
- Valerie -- Amy WinehouseBuy