Five years after the collapse of Lehman Brothers, President Obama is touting an economic comeback. But he says the country still has a long way to go to restore prosperity for the middle class. He warned Republicans in Congress not to impede the recovery by staging another showdown over the debt ceiling.
A defense-industry employee used his pass to get into the Washington Navy Yard and went on a deadly shooting spree on Monday. The motive for the assault is not known at this time. Thirteen people were killed — including the gunman.
Officials have released the names of seven out of 12 people killed in the Washington Navy Yard shootings. Police say Aaron Alexis, a defense-industry employee, went on a shooting rampage Monday. The gunman was killed in a shootout with police.
John Lippert, an investigative reporter for Bloomberg Markets magazine, traced the violence in Chicago back to Mexico. Lippert talks to Steve Inskeep about the impact of the Sinaloa drug cartel's dominance over the drug trade in Chicago and the Midwest.
A shooting at the Navy Yard in Washington, D.C. killed 13 people including the shooter. By late Monday, authorities said they were convinced the shooting was the work of a lone gunman, and the lockdown around the area was eased.
Police say the gunman, 34-year-old Aaron Alexis, died after a gun battle inside a building at the Navy Yard on Monday. He was a veteran with a history of gun-related incidents. His last known address was in Fort Worth, Texas.
The fine is reportedly said to be at least $700 million for what authorities say were massive derivative bets made without adequate risk controls in place. The case became known as the "London Whale" owing to the size of the trades made.
For online insurance brokers, selling health insurance through the Affordable Care Act presents a new opportunity — and a new competitor. It's unclear who will come out ahead: the businesses, with more experience, or the feds, who won't charge commissions.
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