Segments From this episode
Iceland's entire financial system collapsed three years ago, and despite being unable to bail itself out of trouble, the country is already recovering quickly and strongly. What can the Eurozone learn from this?
Right now there are no rules governing mortgage servicers, the people who take a borrower's monthly payments and distribute the money to investors. The Senate Banking Committee debates some new standards today
Congress may not come to a decision on the FAA budget for at least month, curtailing about $200 million a week in tax revenues. That means no work for 4,000 agency employees and 70,000 construction workers.
Some of the federal savings will come at the expense of graduate students who are losing a subsidized loan program which doesn't charge them any interest until months after they graduate.
Marketplace Morning Report for Tuesday, August 2, 2011