The Madeleine Brand Show for July 29, 2011

As debt debates falter, more bad news about economy

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Traders at the New York Stock Exchange keep a close eye on the debt crisis talks, as The Dow continued a week-long decline.

While Congress has been wrangling over the debt ceiling, the nation's economy has been stuck in neutral. Figures out Friday showed the nation's gross domestic product grew a meager 1.3 percent in the second quarter, a much slower pace than last year and below the expectations of most economists. Roben Farzad, a reporter for Bloomberg Businessweek, looks at the numbers and market reaction.

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