Economy

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NPR

SEC Charges Ex-Fannie Mae, Freddie Mac CEOs

The mortgage giants had to be taken over by the government in 2008 and then propped up by taxpayers. In a lawsuit, the SEC accused the officials of misleading investors about the firms' exposure to subprime mortgages.
NPR

Popularity Bankrupts Early Retiree Program

A $5 billion federal program to pay for the health benefits of early retirees is proving to be more popular than expected. So popular that it's running out of money earlier than planned. The fund, part of the health care overhaul, was to provide a bridge of insurance coverage until 2014 when early retirees would have many more options under the health care law.
NPR

Negotiators Reach Deal To Keep Government Open

Congressional negotiators have reached agreement on a compromise spending bill to avert a weekend federal shutdown. They also worked toward a deal renewing the payroll tax cut and unemployment benefits for another year.
NPR

In Greece, A Technocrat Faces Life In Prison

Andreas Georgiou wants to make Greece's statistical office boring and reliable. His efforts have been met with a strike and a criminal investigation that could lead to life in prison.
NPR

Ways To Cut Your Tax Bill Before 2011 Ends

Tax season is months away, but there are steps you can take before year's end that could save you money when it's time to file. An editor at Kiplinger's Personal Finance magazine recommends taking advantage of an energy-efficient-home credit set to expire this year, and giving yourself what she calls a self-made pay raise.
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McDonnell Calls For $2.21B In Contributions For State Pensions

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Governor Bob McDonnell is calling for a $2.2 billion infusion into Virginia's state pension fund, to cover a shortfall so that taxpayers won't have to -- at least for this year.

NPR

Changes In The Economy Leave Workers Scrambling

Middle-level jobs are becoming increasingly automated, which pushes many people into lower-skilled (and lower-paying) jobs like fixing flat tires or delivering pizza to get by. Another option is to get training for higher-skilled jobs — and many want to see more training programs offered.

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