The Madeleine Brand Show is a daily, two-hour program that looks at news and culture through the lens of Southern California.
Hosted by Madeleine Brand

Debt talks continue; deal reached to bail out Greece

Listen to story

Download this story 3MB

Leaders in Europe have agreed to $145 billion in loans to Greece. The second bailout for the economically troubled EU state, this plan could cause Greece to default on some of its debt while giving the EU greater control over future bailouts. Meanwhile, back in the U.S., lawmakers have not reached a deal to reduce debts and deficits ahead of the August 2 deadline to avoid default. Roben Farzad of Bloomberg BusinessWeek tells us how markets are reacting to debt in Greece and the U.S.