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House Makes Little Movement Toward Avoiding Automatic Budget Cuts

With automatic spending cuts totaling $85 billion scheduled to start Friday, Congressional leaders and President Obama continued maneuvering to avoid the political fallout. Melissa Block talks to Tamara Keith about the state of play and has details from a poll that suggests that Americans want to cut the deficit, but only in the abstract.

Bernanke Defends Fed's Stimulus Policy Of Low Interest Rates

Federal Reserve Chairman Ben Bernanke defended the Fed's easy-money policies on Tuesday, saying the benefits outweigh the risks. He also urged Congress to avoid the sharp spending cuts that are set to take effect Friday.
WAMU 88.5

Understanding International Tax Havens

The crisis in Cyprus sheds a light on how investors shelter their wealth. A panel joins Diane to explain how tax havens work and their effect on economies around the world.


FDIC Says In 2012, Banks Posted Second-Best Earnings On Record

U.S. banks made $141.3 billion in net income last year. That's second only to the profit they made in 2006, before the financial crisis. Many of the banks that profited the most, have benefitted from a government bailout.

Home Sales, Consumer Confidence And Bernanke All On Positive Side

But the Federal Reserve chairman warns Congress that the "sharp, front-loaded spending cuts" that would come with the so-called sequester could hurt the economy. He recommends "policies that reduce the federal deficit more gradually in the near term but more substantially in the longer run."
WAMU 88.5

US Health Care Costs

What makes U.S. health care so expensive: Understanding the complex pricing schemes that drive up costs, create an enormous tax burden and bankrupt households.


Shipyard Workers Worry About Sequestration Furloughs

Military communities are keeping a wary eye on the sequester debate in Washington, D.C. In Maine, employees of the Portsmouth Naval Shipyard have already been dealing with budget cuts. Now they could face furlough days as well. The smaller payroll could send shock waves through the local economy.