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WAMU 88.5

Friday News Roundup - Domestic

President Barack Obama and Gov. Mitt Romney target swing states after the final debate. Federal prosecutors sue Bank of America for mortgage fraud. And new home sales rise to a two-and-a-half-year high. Diane and guests discuss the week’s top national stories: what happened and why.


Jobless Claims Fell By 23,000 Last Week; Durable Goods Orders Rose

The number of first-time claims remains stuck in a range between 350,000 and 400,000, though. Meanwhile, a surge in aircraft orders boosted demand for products designed to last three or more years.

Buying A New Car: Is Cash, Lease Or Financing Best?

With the buying season for new cars under way, Renee Montagne consults Michele Krebs, of the auto information website, about the best way to pay for a new car: buy, lease, or finance.

Could U.S. Produce Enough Oil To Rival Saudi Arabia?

An oil boom, spurred in large part by hydraulic fracturing, could boost U.S. production next year to more than 11 million barrels a day, which would nearly equal Saudi Arabia's current output, according to Energy Department projections. The spurt is expected to boost U.S. energy jobs.

New Home Sales At Highest Level In Over Two Years

Some recent numbers suggest housing industry is much better off. New home sales were up 5.7 percent in September, 27 percent higher than last year's levels. That comes on the heels of some other promising numbers out last week on construction activity.
WAMU 88.5

Congress And The Fiscal Cliff

Prospects for congressional action on the fiscal cliff: What presidential election results could mean for expiring tax cuts and massive federal budget cuts.


Mortgage Interest Deduction Could Be In Play

Both President Obama and Mitt Romney have suggested ways to scale back the deduction's value for wealthy taxpayers. It's one of the keys to helping reduce the federal budget deficit, but the real estate industry says the housing market is too fragile to eliminate the tax break altogether.