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Agencies Continue To Identify Fallout From Sequestration

The last of the mandated federal budget cuts begin in July. Federal agencies have had to work around furloughs and other issues. For more on the effects of sequestration, David Greene talks to NPR's Brian Naylor, Tamara Keith, Pam Fessler and Larry Abramson.
NPR

Justice Department Files Charges Against Chinese Company

The Department of Justice says China's Sinovel stole more than $800 million worth of intellectual property from U.S. company AMSC. Sinovel makes wind turbines. AMSC is seeking more than $1 billion in damages.
NPR

Connecticut Fights With North Carolina Over First In Flight

Anyone who's seen a North Carolina license plate knows the state proudly claims itself as the site of the first airplane flight. But this week, Connecticut said not so fast. The state passed a law declaring it was home to the first flight.
NPR

Feds Sue Jon Corzine Over MF Global Collapse

Federal regulators have filed civil charges against former New Jersey Governor Jon Corzine in connection with the failure of his commodities firm, MF Global. The government says Corzine failed to stop the firm from dipping into customer funds during a financial crisis in October 2011.
WAMU 88.5

Dominion Virginia Power Increases Fuel Rate Hike Beginning July 1

Virginia residents may start paying more for power, starting Monday.

WAMU 88.5

D.C. Council Says Lottery Contract Needs Work

D.C. Council member Jack Evans says he won't allow a contract to provide scratch-off lottery tickets to go forward unless it meets a threshold for participation by local businesses.

NPR

China's Leaders Beginning To Confront Its Economic Problems

Last week was a wild one for China's economy. Overnight borrowing rates spiked, lending between banks began to freeze up and the Shanghai stock market took a nose-dive. Things have calmed down since then, but the underlying problems that triggered the panic remain. Among them, the explosive growth of the country's so-called shadow banking sector.
NPR

In Phoenix, 'Zombie' Subdivisions Rise From The Dead

During the Great Recession, whole neighborhoods in Phoenix were left half-built or mostly vacant. But now developers are buying these lots to keep up with the high demand for housing. The market isn't where it should be, but it's better than it was two years ago, one real estate agent says.
NPR

Student Loan Rates Set To Double On July 1

The interest rate on government-backed student loans is going to double on Monday. Policymakers in Washington could not agree on a plan to keep it from happening. If they don't agree on a plan soon, 7 million students expected to take out new Stafford loans could be stuck with a much bigger bill.
NPR

Economists Have A One-Page Solution To Climate Change

Tax fossil fuels in proportion to the amount of carbon they release. That's it; that's the whole plan.

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