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Obama, Business Roundtable Disagree Over Taxes

President Obama is lobbying the CEOs of the nation's largest companies to support him as he tries to reach a budget deal with Republican lawmakers. The president met Wednesday with members of the Business Roundtable. The group urges the extension of Bush-era tax cuts for everyone, including the wealthy.
NPR

Citigroup To Cut 11,000 Jobs

Banks have been under increasing pressure to cut costs and eliminate redundancies. The cuts will eliminate about 4 percent of Citi's workforce.
NPR

U.S. Becomes Less Dependent On Foreign Oil

The Department of Energy projects domestic oil production in the U.S. will grow faster than consumption in coming years. That means the country needs to import much less oil in the future.
NPR

Why It's Easier To Scam The Elderly

New research suggests older adults may have less activity in the area of the brain that processes risk and subtle danger. Another possible reason older adults don't pick up on warning signs is an increasing bias against negativity.
NPR

What Should The U.S. Learn From Europe's Woes?

As President Obama and lawmakers try to find a formula for spending cuts and tax increases, they might look across the Atlantic for insights from those who have been wrestling with budget problems. The first lesson from Europe's "fiscal consolidation" experiences: It will hurt.

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