Jul 1, 2011

Marketplace Morning Report for Friday, July 1, 2011

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Marketplace Morning Report for Friday, July 1, 2011

Segments From this episode

Critics rally against plan to allow fracking in New York

Jul 1, 2011
Fears mount over water contamination as New York plans to allow fracking, a controversial method of extracting natural gas that involves shooting chemicals underground.

Summer school students lose Pell Grant option

Jul 1, 2011
The program that allowed students to take out a second Pell Grant for summer school was cut as part of the budget deal that avoided a government shutdown.

Britain introduces new bribery law

Jul 1, 2011
Britain puts a new bribery law into effect today, but critics say it will probably not prove as effective as American anti-corruption rules.

Former Obama economic adviser warns on debt limit

Jul 1, 2011
In one of his first interviews since leaving the White House, former National Economic Council director Larry Summers says he believes "reason will prevail" in negotiations over the debt limit because a default would spark a second, scarier economic crisis, a "Lehman Brothers on steroids."

Lawmakers will skip holiday break to resolve debt debates

Jul 1, 2011
As the clock ticks down to the August default deadline, the White House and Congress have agreed to continue debt discussions over the Fourth of July break.

U.K. austerity plans include the "Royal We"

Jul 1, 2011
In a new series of public spending cuts, the British conservative government is proposing a pay cut for the Queen of England.

How did the U.S. do in the second quarter?

Jul 1, 2011
Jill Schlesinger, editor-at-large at CBS/MoneyWatch, takes a look back at the second quarter and discusses how debt talks will weigh on the start of the third quarter.

Minnesota government shuts down

Jul 1, 2011
For the first time since 2005, the Minnesota government has shut down after lawmakers failed to resolve a budget stalemate, leaving thousands of state employees without work.

Federal plan issued to save spotted owls

Jul 1, 2011
The federal government unveiled the latest version of a plan to save the northern spotted owl, as the bird's population continues to decline. But some of the new rules may come up against the timber industry.

The team

Stephen Ryan Producer, BBC