The bank UBS has been in the middle of a huge investigation into interest rate manipulation. There are several reports that a subsidiary of UBS is making a settlement deal with U.S., British and Swiss officials.
The Consumer Price Index is one of the most familiar measures in economics and politics. Some in Washington want to change the way the index is calculated to better reflect consumers' shopping habits. While the proposed change is described as a technical fix, it could cut the federal deficit by hundreds of billions of dollars over the next decade.
It's time for another installment in Morning Edition's 12 Days of Tax Deductions — a check on some of the deductions, credits and tax breaks that could be on the chopping block as the government seeks to raise revenue and reduce debt.
In an interview with David Greene, outgoing Securities and Exchange Commission Chairman Mary Schapiro reflects on her tenure at the agency, and the disappointment that she wasn't able to overhaul money market funds. She leaves the job on Friday.
As the negotiations drag on, the lack of progress means the key players have necessarily taken to repeating themselves. Sometimes, word-for-word, as they describe how they have worked for a solution while their opponents have stonewalled.
The term "right to work" has been in the news a lot this week. On Tuesday, Michigan became the 24th state to enact right-to-work legislation. It means unions can no longer require workers to pay full dues, even if they're working in a union shop.
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