Regardless of how Europe resolves its debt crisis, changes are needed. Like the U.S., Europe's road to recovery is likely to be long and difficult. As European markets get closer to a meltdown and the echoes of the 2008 banking crisis still resonate in the U.S., has anything changed on Wall Street?
European leaders are still working on an agreement aimed at getting ahead of the debt crisis in the euro zone. They were expected to unveil a deal at Sunday's European Union summit in Brussels, but have already said it will take another meeting to do it. Host Audie Cornish speaks with NPR's Eric Westervelt.
Democratic Rep. Chris Van Hollen of Maryland is a member of the Joint Select Committee on Deficit Reduction, otherwise known as the supercommittee. The group is working on a plan to reduce the deficit by $1.2 trillion over the next 10 years. Host Audie Cornish gets an update from Van Hollen, who played a major role in Vice President Joe Biden's debt talks earlier this year.
While the overall U.S. economy seems to be stuck in neutral, one bright spot is that charitable giving to the arts is up 5 percent more than last year. It's good news, but a new study cautions that much of that support serves audiences that are wealthier and whiter than the country as a whole.
The movements may disagree on many issues, but they seem to have similar opinions on the bank bailout, the federal deficit and the influence of corporations and money on Congress. Harvard professor Lawrence Lessig says there's good reason both the left and the right agree that there is too much power in too few hands.
As President Obama tours the nation ahead of the 2012 election, he's visiting Democratic and Republican territories alike. Amid a time of big news abroad, the president is continuing to push his jobs bill at home.
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