Marketplace Morning Report for Friday, December 21, 2012
In a Washington surprise, "Plan B" -- a temporary solution to the fiscal cliff problem -- failed last night, after House Speaker John Boehner could not muster the support in his own party to pass it. Another end-of-year deadline that could cause some economic trouble: The Longshoremen's Union is in heated contract negotiations with 14 ports along the East coast and the Gulf coast, and if an agreement isn't reached by December 30th, there could be another big port strike. And in Greece, two soccer teams are so cash-strapped they are turning to some unusual sponsors to make ends meet.
In a Washington surprise, “Plan B” — a temporary solution to the fiscal cliff problem — failed last night, after House Speaker John Boehner could not muster the support in his own party to pass it. Another end-of-year deadline that could cause some economic trouble: The Longshoremen’s Union is in heated contract negotiations with 14 ports along the East coast and the Gulf coast, and if an agreement isn’t reached by December 30th, there could be another big port strike. And in Greece, two soccer teams are so cash-strapped they are turning to some unusual sponsors to make ends meet.