Marketplace Morning Report for Wednesday, October 23, 2013
October 23, 2013
The debt ceiling debate is back. But don't worry, this time it's in Australia. The newly elected conservative government there needs to raise its limit on new borrowing, and there are echoes of the debate that brought the U.S. to the brink of default last week. JPMorgan Chase, the biggest of banks, is reportedly close to paying $6 billion to settle claims by big institutional investors that they were sold bad mortgage-backed securities. That's not to be confused with the other settlements JPM is confronting, including the possible $13 billion one with the federal government. And, tonight is game one of the World Series. In an era of TV that's easy to time-shift, people watching live is a big deal for advertisers.