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USDA Predicts Food Prices To Rise In Drought's Wake

The USDA released its latest forecast on retail food prices on Wednesday. The drought is expected to affect prices for corn, and beef and poultry prices are expected to rise as much as 4.5 percent this year, but it's too soon to know exactly how much it will affect consumer's wallets.
NPR

Geithner Defends Response To LIBOR Scandal

Treasury Secretary Timothy Geithner was on Capitol Hill Wednesday to talk about the implementation of Dodd Frank. But the questions focused on why the New York Fed, under Geithner, didn't act more aggressively when it first learned about possible manipulation of a key interest rate.
NPR

Your Subsidy Is My Incentive

A research group tallies up all government spending and tax breaks across nine sectors of the economy — with eye-opening results.
NPR

Pray For Rain: Food Prices Heading Higher

The government forecasts food prices will go up as much as 3.5 percent this year; meat prices will rise as much as 4.5 percent. If the drought continues, prices may go up even more. "Until we get that first heavy rain, we're not going to know for sure" just where prices will end up, a USDA economist says.
NPR

The Ripple Effect From Rising Food Prices

As drought and high temperatures continue to devastate much of the country's corn and soybean crops, the USDA reports that food prices will continue to rise at least into 2013. NPR senior business editor Marilyn Geewax and The Earth Policy Institute's Lester Brown discuss the rising cost of food.
NPR

When It Comes To Tax Cuts, Neither Side Is Blinking

Democrats and Republicans are going to the brink over tax cuts for the wealthiest Americans in a showdown that threatens to send the U.S. over a year-end "fiscal cliff." So what's at the heart of the impasse?

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