This Week's Agenda: Irene Aftermath, Unemployment, Greece's Bailout

Monday, August 29, 2011

It's Monday morning, which means it's time to take a look at what's on the agenda for the week ahead. President Obama will be preparing his Labor Day speech on the economy this week, and after after Hurricane Irene's chaotic visit to the East Coast, leaving billions of dollars in damage behind, he may have to rethink what he's going to say. Irene hit at a time when the U.S. economy is continuing to slump and millions are jobless. Unemployment figures will be out on Friday, and the Congressional Budget Office is predicting that employment will not return to normal levels until 2017. Meanwhile Greece, may not receive a bailout from the European Union, as Finland hesitates to approve it. All EU members must approve the bailout, for it to go into effect.

Callie Crossley, host of The Callie Crossley Show on WGBH in Boston, joins us to discuss Obama's speech. Louise Story, Wall Street and finance reporter for The New York Times, also joins us, to talk about what the job numbers coming out Friday will look like.

Guests:

Callie Crossley and Louise Story

Produced by:

David J Fazekas

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