The House's stopgap spending bill, rejected by the Senate on Friday, takes money from a federal clean cars program to offset spending for disaster aid. Some Republicans see the move as a matter of prioritization, but opponents say it would put American manufacturing jobs at risk.
Rock-bottom home prices and record-low mortgage rates are tempting buyers back into the market. The National Association of Realtors says sales of existing homes rose nearly 19 percent last month over the previous year.
U.S. Treasury Secretary Timothy Geithner's trip to Europe last week reflected American concerns over Europe's economic woes. The Americans would like to see a swift European response, but that's a tall task when so many nations must agree on a plan.
The president traveled to Ohio's Brent Spence Bridge on Thursday to help sell his jobs bill. He says if the country doesn't invest in its infrastructure now, it will pay later. While everyone agrees the bridge is badly in need of repair, Republicans say the president's jobs bill won't get it done.
A high level of investment in agriculture is driving up land prices, making it harder for new farmers to afford their own. And banks simply aren't lending to higher-risk first-time farmers. Unless young people are left farmland by their family, they're out of luck, one banker explains.
European leaders insist they will take all necessary measures to ensure Greece does not default on its debt. A default would throw Greece's economy — and the European banking system — into deeper crisis. But many financial experts are advocating an orderly default. They argue it will be painful but preferable to round-after-round of painful austerity measures and more uncertainty.
At the close of trading, the Dow Jones industrial average was down 391.01 points, or 3.5 percent, at 10,733.83. At one point, the Dow fell 527 points. The Standard & Poor's 500 and Nasdaq composite each closed down more than 3 percent.
When you give to WAMU, your tax-deductible membership gift helps make possible award-winning programs such as Morning Edition, All Things Considered, The Diane Rehm Show, The Kojo Nnamdi Show, and other favorites.