A second term means some new Cabinet appointments for President Obama, including at Treasury. After four pretty grueling years, Secretary Timothy Geithner has made it clear he will be leaving Washington, but who will replace him? Erskine Bowles and Jack Lew are two names that are mentioned.
From higher payroll taxes to automatic cuts in military spending, the looming budget crisis could drag the economy back into recession and create turmoil in the financial markets, economists say. To better understand what's at stake, have a look at some of the key phrases involved in the crisis.
Approximately three-quarters of the world's population now has access to a mobile phone, and the majority of those subscriptions are in developing countries. But those phones don't usually have data plans. Now, Google and Facebook are offering free apps on these devices to get users hooked on social media.
The number of black beetle-like taxis is dwindling. The only company that makes them had to recall 400 of its newest vehicles because of a mechanical defect. Ahead of the holiday season, very few of its rentals are available. As the company files for bankruptcy protection, cabbies cross their fingers to keep the iconic vehicle alive.
Post-election Washington is buzzing with talk of compromise and cooperation. Republicans and Democrats want to avoid a looming budget and economic disaster, and their leaders say they're ready to get to work. But some budget experts say it may be necessary to go over the fiscal cliff to reach an agreement.
Iran's economy has been hit hard by U.S.-led sanctions that have targeted its oil exports and its banking system. In response, Iran appears to have gone on a gold buying spree as it attempts to halt the downward spiral of its currency.
With long gas lines persisting more than a week after Superstorm Sandy, New York imposed a gasoline rationing plan Thursday that lets motorists fill up every other day. Police will be at gas stations Friday morning to enforce the new system in New York City and on Long Island
When you give to WAMU, your tax-deductible membership gift helps make possible award-winning programs such as Morning Edition, All Things Considered, The Diane Rehm Show, The Kojo Nnamdi Show, and other favorites.