Executives at Cerberus Capital Management, a private equity group, say the Sandy Hook shootings are a "watershed event" and has decided to withdraw its investments in a group of firearms makers, including Bushmaster, Remington and others.
Coal is poised to replace oil as the world's top energy source — possibly in the next five years, according to the International Energy Agency. The rise will be driven largely by growth in China and India, the IEA says, while the only large decline is seen coming in the United States.
Private equity firm, Cerberus, is getting rid of Freedom Group, a company it invested in six years ago. Freedom Group is comprised of several weapons manufacturers, including Bushmaster; a Bushmaster rifle was used in last week's school shooting in Newtown, Conn.
As the "fiscal cliff" nears, Morning Edition evaluates some of the deductions and credits that are in the tax code. As part of our 12 Days of Tax Deductions, David Greene examines the Adoption Tax Credit, which supports families who adopt children from foster care, as well as infant and international adoptions.
President Obama and House Speaker John Boehner met in person again Monday to discuss a budget deal that would undo the massive tax hikes and spending cuts set to take effect Jan. 1. The Republican leader has offered to increase tax rates on people who make over $1 million. The president has responded with a counteroffer.
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