Spain had harsh words for Argentina yesterday over the nationalization of the oil firm YPF. Argentine president Cristina Fernandez de Kirchner rejected the demands of the Spanish company that held a major stake in YPF for ten billion...
Fannie Mae and Freddie Mac have concluded that giving homeowners a big break on their mortgages would make good financial sense in many cases, NPR and ProPublica have learned. But a key regulator has resisted principal write-downs, and some economists fear they would lead to abuses.
President Obama visited Oklahoma for the first time since taking office and announced an executive order to speed up review of a U.S.-only portion of the controversial Keystone XL pipeline. His announcement came as Republicans criticized his administration over rising gas prices.
President Obama traveled to Oklahoma to urge expedited approval of the southern part of the Keystone XL pipeline; Rep. Paul Ryan released the GOP's 2013 budget plan, which passed the Committee by one vote; a top aide to Republican presidential candidate Mitt Romney compared his campaign to an "Etch-A-Sketch"; and the U.S. Department of Justice and the FBI have opened an investigation into the "facts and circumstances" surrounding the killing of black teenager Trayvon Martin. David Corn of Mother Jones and MSNBC, Jeanne Cummings of Bloomberg News and Jennifer Rubin of The Washington Post join Diane for analysis of the week's top national news stories.
The price of gas keeps rising for Americans, but it's not because of rising demand from consumers. In fact, demand has fallen since 2007. Consumers' craving for hybrids and aversion to paying more at the pump are only part of the story.
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