Segments From this episode
European leaders are holding an emergency meeting in Brussels today over fears that the economic instability in Greece has spread to much larger economies -- namely Spain and Italy.
Russian President Dmitry Medvedev has signed a bill that officially classifies beer as an alcohol -- not food. It's a move that could upset the international brewing industry.
Guy LeBas, chief fixed income strategist at Janney Montgomery Scott, explains how temporary defaults in both Greece and the U.S. could affect markets.
The Federal Aviation Administration could face a shutdown this weekend if Congress cannot agree on budget subsidies. The major sticking point is subsidies for small, rural airports.
Louise Story, business reporter with the New York Times, discusses her article on Wall Street's fallback plans if Congress doesn't raise the debt ceiling before August 2nd.
Marketplace Morning Report for Thursday, July 21, 2011