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D.C. Begins Work On Contingency Plans For Dealing With Federal Default

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D.C. Council Chairman Kwame Brown is asking the full council to come back from its summer recess so they can meet Monday with the Mayor and the Chief Financial Officer and go over the city's options for dealing with a default.

The District's CFO has warned that if federal lawmakers fail to raise the debt ceiling, the city could see an immediate delay or loss of Medicaid reimbursements and other federal funds.

And even if congress raises the debt ceiling but the federal government's credit rating is downgraded, the District's borrowing costs could increase while at the same time, local revenues could drop. Real estate transactions, for example, could be slowed by higher interest rates.

In short, the District would have a cash-flow problem, and the CFO says the city needs to brace for the worst, and draw up a plan that rations payments.

WAMU 88.5

Verdine White On 45 Years With Earth, Wind & Fire

Forty-five years ago, the band “Earth, Wind and Fire” introduced audiences to a new kind of funk--one that fused soul, jazz, Latin and pop. Bassist Verdine White talks to guest host Derek McGinty about breaking racial boundaries in music and how the band is still evolving.

NPR

The Case Against The Shirley Temple (The Drink)

Author and cocktail enthusiast Wayne Curtis wrote an article called "Shirley Temples Are Destroying America's Youth." He talks about why he hates Shirley Temples — the drink, not the person.
WAMU 88.5

What's Ahead At The Democratic National Convention

The Democratic National Convention gets underway in Philadelphia, where Hillary Clinton will accept the presidential nomination.

NPR

Experimental Plane Sets Off On Final Leg Of Its Round-The-World Journey

It's the first time for a solar-powered plane to circumnavigate the globe. Now it's en route to Abu Dhabi, United Arab Emirates — and you can watch the journey in a live video from the cockpit.

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