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Infrastructure Funds Benefit More Than The Economy

A number of U.S. mayors have been in Washington this week for meetings at the White House and on Capitol Hill. Their message: We need help. Oklahoma City Mayor Mick Cornett was in the group from the U.S. Conference of Mayors. And he was the sole Republican. Cornett talks to David Greene about the needs of cities amid the debate over federal budget cuts.
NPR

IMF Lowers Britain's Economic Growth Assessment

The British government has rejected calls for an easing of its austerity policy in favor of a new fiscal stimulus for the economy. The IMF cut its growth forecasts for Britain on Wednesday — warning that the country was in danger of slipping into recession.
NPR

The Fed's Latest Moves May Fall Flat, Experts Say

The Federal Reserve has announced a plan to drive long-term interest rates even lower. But with borrowers still too cautious to take on additional debt, will the move have a positive effect? Some experts say they're not holding their breath. "The Fed can only do so much," one analyst says.
NPR

Congress May Balk At Higher Taxes On Investments

warren buffett
Under President Reagan, capital gains were taxed at a higher rate than earned income. Since then, the situation has reversed, and unearned income, the province of the very rich, is taxed at a significantly lower rate than most workers' wages. Polls show the public supports changing this. Will Congress?
NPR

Political Heat Is Nothing New For The Fed

Federal Reserve Chairman Ben Bernanke has been criticized recently by Republican presidential candidates who called for his firing and an audit of the central bank. Low opinions of the Fed come from a long history of criticism of its power and secrecy, extending back to Thomas Jefferson.
NPR

Hallmark Produces Layoff Greeting Cards

Melissa Block talks with Derek McCracken. He's a creative director with Hallmark Greeting Cards, which has a line of cards for job loss.

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