❗Help close the gap: We still need to raise $40,000 by the end of March. Donate now

Weekly Wrap: Super committee, and Europe

Marketplace Staff Nov 11, 2011
HTML EMBED:
COPY

Weekly Wrap: Super committee, and Europe

Marketplace Staff Nov 11, 2011
HTML EMBED:
COPY

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.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.