Sep 10, 2012

Marketplace Morning Report for Monday, September 10, 2012

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Summer is officially over for members of the U.S. Congress who return to session today. But don't expect a lot to come from Capitol Hill over the next several weeks before election day. Despite looming deadlines around the Farm Bill…

Segments From this episode

One proposal to fix Medicare, tax code

Sep 10, 2012
Fortune Magazine’s Allan Sloan discusses his solutions to fixing Social Security, Medicare, and the tax code – without the help of politicians.

U.S. Treasury to sell $18 billion in AIG stock

Sep 10, 2012
Stock sale would reduce the U.S. government's stake in the once-troubled insurance firm to less than half for the first time since it bailed out AIG in 2008.

Congress returns from summer break

Sep 10, 2012
Despite the looming "fiscal cliff" and an expiring farm bill, don't expect a lot of action on Capitol Hill.

Montpelier, Vermont, gets into the utility business

Sep 10, 2012
The tiny capital of Montpelier will refurbish the wood-fired heating plant its uses for the State House, then sell excess heat to nearby buildings.

Katie Couric joins post-Oprah daytime cast

Sep 10, 2012
Katie Couric, the former news anchor and Today Show host, launches her daytime show in the latest attempt to fill the Oprah Winfrey void

New $57 billion deal in planned global mining merger

Sep 10, 2012
Trading giant Glencore has made a new bid for mining company Xstrata, thanks in part to some deal making by British Prime Minister Tony Blair.

Former Treasury official: AIG no longer 'too big to fail'

Sep 10, 2012
The former Chief Restructuring Officer at the U.S. Department of the Treasury says the government could end up making $20 billion on the AIG bailout
Former Chief Restructuring Officer Jim Millstein prepares to testify before a Congressional Oversight Panel in February 25, 2010. Millstein, who oversaw the restructuring of insurance giant AIG, now says the bailout could net the U.S. $20 billion in profit.
Ann Heisenfelt/Getty Images

Will the Federal Reserve step in, again?

Sep 10, 2012
At its two-day meeting this week the big question on every economists' mind: Will the Fed announce another round of economic stimulus?
Federal Reserve Chairman Ben Bernanke, who on Wednesday held his last scheduled news conference after the Fed announced it will scale back on bond buying.
Chip Somodevilla/Getty Images

As Americans pay off credit cards, student loan debt grows

Sep 10, 2012
Credit card delinquency rates are near record lows, but student loan debt is filling the void and that could affect the job market

Toys ‘R’ Us faces challenges with new tablet 'Tabeo'

Sep 10, 2012
Toys 'R' Us will release a new tablet that's designed just for kids. But getting into the tablet hardware business could prove to be a grown-up challenge.

PODCAST: U.S. to sell AIG stock, Congress returns

Sep 10, 2012
Members of Congress will return to session today. But don't expect a lot to come from Capitol Hill over the next several weeks before Election Day. The U.S. Treasury plans to sell $18 billion shares of AIG stock in a…

Summer is officially over for members of the U.S. Congress who return to session today. But don’t expect a lot to come from Capitol Hill over the next several weeks before election day. Despite looming deadlines around the Farm Bill and the so-called “Fiscal Cliff.” Also on the show, the capital of Vermont is getting into the utility business – piping wood-fired heat from a state building to local businesses. And Marketplace’s David Gura examines news today that the U.S. Treasury Department plans to sell $18 billion shares of AIG stock in a public offering that would reduce its stake by more than half.

The team

Stephen Ryan Producer, BBC

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