The national debt debates halted over the weekend as Congressional Democrats and Republicans reached a stalemate over tax cuts. As the deadline for a solution approaches, are investors getting nervous?
About 10,000 Syrians have fled to refugee camps in Turkey following a violent government crackdown on dissent. The influx has created some economic activity in Turkey, but many say there could be a bigger impact if refugee assistance programs patronized local businesses.
While European Union officials continue to discuss Greece's debt crisis, many are switching their focus to the worsening situation in Italy following Silvio Berlusconi's public spat with his finance minister.
Regulators from the U.S. will talk with Chinese officials about auditing Chinese firms that want to sell shares in America. After reports that some Chinese firms with U.S. listings have turned up a little shady, the Chinese want to be sure that their corporate exports are squeaky clean.
Mark Zandi, chief economist with Moody's Analytics, explains the political differences between the two options for deficit cutting, and what it would mean to miss the August 2 deadline.
Australia's newly proposed carbon tax would be one of the most ambitious carbon plans outside of the European Union. But with the world's biggest polluters unwilling to cap their greenhouse gas emissions, many Australians are rallying against the proposed tax.
Julia Coronado, chief economist with investment bank BNP Paribas, explains how investors are preparing for the possible debt debate conclusions, and how the markets could react.
Marketplace Morning Report for Monday, July 11, 2011
Marketplace Morning Report for Monday, July 11, 2011
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