Brazil has discovered enormous oil fields 200 miles off its coast. The country is in the midst of a debate about who should benefit from the revenues. But analysts predict its economy will better be able to handle an influx of oil than many other countries.
Sources familiar with what the White House is considering tell the AP the president will call for a one-year extension of a payroll tax cut for workers and an extension of expiring jobless benefits. Republican leaders ask for a meeting with Obama.
Christopher Mayer, and economist at Columbia University, talks to Steve Inskeep about his top fix for the economy. Mayer thinks homeowners with mortgages through Fannie Mae or Freddie Mac should be able to refinance their homes at lower interest rates, regardless of their credit score.
Investors are increasingly fearful that the Eurozone politicians are incapable of managing the continent's debt problems. The troubles in Europe coincide with a slowdown in the U.S. economy. The world's two largest economic regions are inextricably linked — and neither is moving in the right direction.
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