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Banks Ease Purse Strings On Luxury Home Loans

For the first time in decades, interest rates for jumbo home loans are lower than rates for a typical mortgage. And because of that, the luxury market is the fastest growing sector of home loans. In Phoenix, sales of homes that cost more than $500,000 are up 64 percent.
NPR

Congress Keeps Working As Debt Ceiling Deadline Nears

This could be the last day the United States is assured of its borrowing authority. Congress could forestall this crisis by raising the debt ceiling, as it has roughly a hundred times before. But the debt ceiling is tied to the same confrontation that's kept much of the federal government shut down.
NPR

China Gives Mesaured Response To Possible U.S. Default

China is the biggest foreign holder of U.S. debt — totaling more than $1.3 trillion. Chinese media are using the American budget struggle as an implicit justification for China's system.
NPR

U.S. Default Would Have Adverse Effect On Europe's Recovery

The possibility of an American default on its debt is huge news across the continent. Europe is barely emerging from its own debt crisis. Europe's recovery rests on demand for its exports and the U.S. is by far the European Union's largest export market.
NPR

German Businessman Who Built Gummi Empire Dies At 90

In 1945, Hans Riegel took over the gummi bear company founded by his father. He transformed Haribo from a local German candy company to a household name recognized around the world.
NPR

Arkansas Aims To Make Edamame As American As Apple Pie

Edamame beans are a popular Asian appetizer, and they're beginning to get a foothold in the U.S. market. An Arkansas company is now trying to cash in on this edamame boom.
NPR

Are We Moving To A World With More Online Surveillance?

Revelations about the NSA's online surveillance have upset many countries, and some want to exercise greater control over the Internet. But experts say the likely result would be greater surveillance worldwide.
NPR

There's A New Kind Of Sign Spinner In Town

You're driving down the street, and there on the corner, something familiar: a person waving a giant advertisement. Wait, that's not a real person! In cities across the sign-waving mannequins are helping to advertise things like cash for gold, furniture and apartments.
NPR

Shutdown Diary: Hope Turns Into Wall Street Warning

Day 15 of the government shutdown had a promising beginning, marked by a bipartisan proposal from Senate leaders to reopen the government and raise the debt ceiling. But those hopes were quickly dashed.
NPR

The IRS Can't Take Your Questions. It Will Take Your Return

Tuesday is the deadline for taxpayers who requested an extension on their 2012 tax returns. With most of its staff currently furloughed, the Internal Revenue Service is not answering calls, issuing refunds or collecting audits. Even so, don't expect a filing reprieve; the midnight deadline is still in effect.

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