High Stakes Financial News: From Greece To China

There are a number of dramatic economic stories in the news today. In Greece, banks and markets are closed, as the country edges towards a default and or exit from the eurozone.

Meanwhile, Puerto Rico’s governor now says that the commonwealth cannot pay its $72 billion in debts. And in China, stocks have tumbled into a bear market, despite a move by the central bank there to cut interest rates to a record low.

Jill Schlesinger of CBS News joins Here & Now’s Jeremy Hobson with details.

Guest

• Jill Schlesinger, business analyst at CBS News. She tweets @jillonmoney.

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