Economy

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Shrinking Community Grants Put Cities In A Crunch

Cities are struggling to figure out how to deal with a cut of about $1 billion over the past two years in federal community development block grants. Critics say a complicated funding formula has hit some cities especially hard, with cuts of more than 40 percent from last year.
NPR

How A Swing-State Upswing Could Alter The '12 Race

For the better part of a year, the GOP presidential hopefuls have staked their campaigns on the lousy economy under President Obama. Now, with the jobs picture in the swing states of the Midwest actually better than the national average, Republicans may have to recalibrate.
NPR

Greek Bondholders Won't Be Paid, For Now

An international trade association ruled Thursday that the restructuring of Greece's government debt is not yet a "credit event." It means, for now, that Greek bondholders who took out billions of dollars of insurance contracts against Greece defaulting on its debt won't be paid. Robert Siegel talks with Scheherazade Rehman, Director of the European Union Research Center at The George Washington University.
WAMU 88.5

Immigrants Cope With The Stress Of Long Hours, Low Pay

Two men from El Salvador who work as office cleaners in downtown D.C. share the challenges they face as immigrants working in a low-wage job.

NPR

Jobless Claims Ticked Down Again, Consumer Spending Edged Up

There were 2,000 fewer first-time claims for unemployment last week than in the week before. Meanwhile, consumer spending rose 0.2 percent in January from December.
NPR

Congress Works To Mend Economy, Approval Ratings

House Majority leader Eric Cantor is pushing a package of small business bills that also has the support of President Obama. The rare instance of cooperation could mark a change in strategy for the House following historically low approval numbers for Congress and rising poll numbers for the president.
NPR

Final Day For Greeks To Swap Drachmas For Euros

Beginning Friday, the Bank of Greece will stop exchanging drachma notes for euros. The deadline comes at an uncertain time for Greeks, who worry that their country's debt crisis could eventually force it out of the eurozone.
WAMU 88.5

Commentary: Efforts To Boost D.C. Jobs Suffer For Lack Of Information

Unemployment rates in D.C. continue to be well above the national average. While the District government has taken strides to address this problem, they have so far been hampered by incomplete data, according to commentator Marina Streznewksi.

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