Economy

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NPR

Citigroup To Cut 11,000 Jobs

Banks have been under increasing pressure to cut costs and eliminate redundancies. The cuts will eliminate about 4 percent of Citi's workforce.
NPR

What Should The U.S. Learn From Europe's Woes?

As President Obama and lawmakers try to find a formula for spending cuts and tax increases, they might look across the Atlantic for insights from those who have been wrestling with budget problems. The first lesson from Europe's "fiscal consolidation" experiences: It will hurt.
NPR

Looming Spending Cuts Would Hit Hard All Over

If Congress fails to reach an agreement on tax increases and spending cuts this year, it will mean sharp reductions in a broad swath of federal spending, from defense and Medicare to education and unemployment benefits. Economists say the cuts would be a serious setback for the economy as a whole.
NPR

Obama And House GOP Engage In Fiscal Cliff Talks, Only Briefly With Each Other

The president and House Republicans continued to snipe at each other Wednesday over the impending set of automatic tax hikes and spending cuts known as the fiscal cliff. President Obama and House Speaker John Boehner later spoke briefly by phone for the first time in a week, according to reports.
NPR

Socialism, Capitalism: Merriam-Webster's Odd-Couple Words Of The Year

The two words, said the dictionary's editor, are essentially antonyms but tell us just how divided the country was during a presidential election that presented a stark decision for the future.
NPR

Tackling The Deficit Stalemate: What To Cap And Cut

After House Speaker John Boehner (R-Ohio) proposed a deficit reduction proposal that included $800 billion of increased revenue, some within the Republican Party objected loudly. Rep. Jason Chaffetz (R-UT), a member of the House Budget Committee, shares his views on how to resolve the stalemate.
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Nats Host Job Fair Aimed At Veterans, Spouses

As many as 700 military veterans and their spouses headed to Nationals Park on Wednesday for a job fair aimed at finding former service members meaningful employment.

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