RSS Feed

Unemployment Rate Edges Down To 8.3 Percent

Private employers added 257,000 jobs to their payrolls, the Bureau of Labor Statistics also says. A slight drop in employment at government agencies brought the overall gain in jobs down to 243,000.

No Doubt: U.S. Remains 'Tremendously Influential'

Some believe America is in decline. But author Robert Kagan disagrees. He talks to Steve Inskeep about his new book The World America Made." President Obama recently discussed an article Kagan wrote for The New Republic called "The Myth of American Decline."

Why IMF Loans Always Get Repaid

Greece is trying to make a deal to slash the amount of money it owes bondholders. Hedge funds will take significant losses. But the International Monetary Fund also loaned Greece a lot of money, and it will be paid back in full. If the IMF isn't paid back, most countries will not lend Greece any more money.

Jobless Rate Fell To 8.3 Percent In January

The U.S. unemployment rate fell to 8.3 percent, its lowest rate in nearly three years, the Labor Department reported Friday. Nearly a quarter of a million jobs were added to payrolls in January — almost double what the market was expecting.

Regulator: Freddie Investments 'Nothing Unusual'

Senators on Capitol Hill have criticized Edward DeMarco for the investment practices of Freddie Mac. DeMarco heads the federal agency that controls Freddie Mac and Fannie Mae. NPR and ProPublica reported that certain trades at Freddie Mac amounted to bets against homeowners being able to refinance their mortgages. DeMarco tells Morning Edition's Steve Inskeep that the trades were not particularly risky, and would not have prevented homeowners from refinancing their loans.
WAMU 88.5

Activists Urge D.C. Leaders To Spend Surplus

Activists in the District are calling for city leaders to use the $240 million surplus on programs for struggling members of the community instead of stashing it away in a rainy-day fund.

WAMU 88.5

Gray Pursues Bond Rating Upgrade For D.C.

Mayor Vincent Gray is visiting ratings agencies in New York City to try and persuade them to upgrade the District's credit rating based on the relative health of the local economy.


FAA Funding Bill Reaches Finish Line

After four years of wrangling and one shutdown, the beleaguered Federal Aviation Administration will soon get a bill of its own. The bill would give it long-term funding for airport construction, expansion and NextGen — or modernization of the air traffic control system from one based on radar to one based on GPS satellites. Congress has resolved long-simmering issues about unionization, not to mention landing slots and rural subsidies.