Economy

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WAMU 88.5

Alan Blinder: "After the Music Stopped: The Financial Crisis, the Response, and the Work Ahead"

An economist explains the perfect storm of conditions that led to the recent global financial crisis, the actions that kept it from getting worse and how to reduce the likelihood of a similar event in the future.

NPR

White House Dismisses Constitutional Challenge In Debt Ceiling Saga

White House spokesman Jay Carney put an end to intense speculation Thursday about whether President Obama would do an end run around Congress with one simple line: "This administration does not believe the 14th Amendment gives the president the power to ignore the debt ceiling — period."
NPR

Fixing The Budget, While Protecting The Middle Class

House Republicans and the White House are at a stalemate over how best to avoid the so-called fiscal cliff. As the deficit deadline approaches, the priority for Senate Budget Committee member Sen. Sheldon Whitehouse (D-RI), is to protect the middle class.
WAMU 88.5

Friday News Roundup - Domestic

The November jobs number report. What's new in the fiscal cliff negotiations. And former President George W. Bush weighs in on immigration.

NPR

Obama, Business Roundtable Disagree Over Taxes

President Obama is lobbying the CEOs of the nation's largest companies to support him as he tries to reach a budget deal with Republican lawmakers. The president met Wednesday with members of the Business Roundtable. The group urges the extension of Bush-era tax cuts for everyone, including the wealthy.
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.

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