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As Economy Teeters, All Eyes On Bernanke

The Federal Reserve chairman delivers a much-anticipated speech Friday morning on additional steps the Fed might take to shore up the economy. Some investors are hoping for another round of quantitative easing, but others warn that a solution can ultimately only be worked out by the president and congressional Republicans.
NPR

Drought Puts Texas Ranchers, And Cattle, At Risk

At an East Texas auction, the animals look pitiful. They're standing in 107-degree heat with their ribs showing, stressed out. The heat, and no rain, has forced many ranchers to sell off their stock. Many will retire; and few young ranchers are ready to step in.
NPR

Foreclosures A Third Of Sales; Mortgage Rates Rise

Foreclosures made up roughly one-third of all home sales this spring. While that's a smaller share of sales from the previous quarter, it's six times the percentage of foreclosures in a healthy housing market. Meanwhile, fixed mortgage rates edged up this week from their lowest levels in decades.
WAMU 88.5

Virginia Budget Problems Could Affect Domestic Violence Prevention Programs

Virginia's Domestic Violence Prevention Board has drawn up proposals on ways to curb the number of attacks, but budget problems could delay implementation.

WAMU 88.5

Debt Ceiling: Md. Treasurer On State Impacts Of A Federal Default

Lawmakers are beginning yet another day of work on plans to raise the debt ceiling and cut the federal deficit. As the country approaches a possible default, local and state leaders in the D.C. area are watching very closely. Maryland State Treasurer Nancy Kopp talked to WAMU's Matt McCleskey about what these negotiations could mean for Maryland.

WAMU 88.5

Local Board of Trade Informs, But Can't Reassure Local Businesses

The Greater Washington Board of Trade gathered today to discuss the effects on local businesses of a federal default. Attendees found the meeting informative, but not reassuring.

WAMU 88.5

Maryland SHA Moves Forward On BRAC Upgrades Without Federal Money

In Maryland, the state Highway Administration will begin upgrading roads connected to the massive expansion of the Bethesda Naval Hospital because of BRAC, even though it doesn't have the money to pay for the projects yet.

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