The Obama administration is revising some rules on federally guaranteed student loans. The administration says the changes will make it easier for graduates to repay them. It's making it easier for students to consolidate loans into a single payment and expanding a program that bases payments on a graduate's income. The new rules will affect 7 million of the 36 million student loan borrowers.
The deficit-cutting Supercommittee met Wednesday morning in its first public meeting in more than a month. The group is charged with finding at least $1.2 trillion in budget reductions by Nov. 23. If it fails, automatic, across-the-board cuts follow — a consequence that no one in the Capitol wants.
Netflix does not seem to be able to hit "pause" on the bad news. The stock is down 75 percent from its peak in July when it announced changes to its subscription plans. Since then, the company has lost more than 800,000 subscribers.
A new report from the Congressional Budget Office shows that the top 1 percent of earners more than doubled their share of the nation's income in the past three decades. Melissa Block talks to NPR's Scott Horsley about the findings.
The Vatican released a document Monday calling for major reforms of the international financial system. Commentator Thomas J. Reese says the pope's position might surprise some people — he sounds more like a Wall Street protester than a conservative Christian leader.
More than half of all employed people worldwide work off the books. And that number is expected to climb over the next decade. Investigative journalist Robert Neuwirth examines how the underground economy works in his book, Stealth of Nations.
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