This Week's Agenda: Norway, Debt Limit, Murdoch

Monday, July 25, 2011

Traders work on the floor on the New York Stock Exchange on April 18, 2011 in New York City following news that Standard and Poor's had cut its long-term outlook on U.S. debt to negative. (Getty)

The methodical killing of over 90 people by a gunman in Norway over the weekend has gripped the world with horror. The accused, Anders Behring Breivik, is currently in police custody, and has said he acted alone. Marcus Mabry, editor-at-large of The International Herald Tribune, the international edition of The New York Times, believes this tragic event has made Europe aware of a different kind of threat that they never knew was out there - extremist right-wing groups.

Back in the U.S. the country and the world are wondering if one of the most important global economic powers could fall into default, sending the entire world economy into chaos. Negotiations between Democrats and Republicans appears to have stalled with little more than a week left. Charlie Herman, business and economics editor for The Takeaway and WNYC, believes whatever happens the other side will ultimately be blamed. 

News from Norway and on the debt have seemingly pushed the troubles of Rupert Murdoch and Newscorp off the front-pages. More Newscorp staffers could possible step down this week as the fallout of a phone hacking scandal continues.

Guests:

Charlie Herman and Marcus Mabry

Produced by:

David J Fazekas

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