The Controversial New Jersey Exxon settlement; the falling euro

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Guests: Kate Zernike, Paul Wallace

When news came out that the Christie administration had settled its ten-year lawsuit against Exxon Mobile for just $225 million instead of the $8.9 billion that the state originally sought, many people were shocked and angry. Criticism has continued to mount for the administration’s deal with the oil giant whose refineries caused environmental damage in north New Jersey. The state Senate recently passed a resolution condemning the deal and seeking to extend the public comment period. Governor Christie has defended the settlement arguing that $225 million is on top of the cleanup that Exxon is already required to do. Today we start off the hour discussing the controversial settlement and the fallout with New York Times reporter KATE ZERNIKE. Then, we turn to the euro which has hit a 12-year low and is expected to continue to fall. But before you book your European vacation, we’ll check in with PAUL WALLACE, the European economics Editor for The Economist who will explain why the value of euro has dropped and what it will mean for American consumers.

(AP Photo/Mel Evans)

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