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Alan Simpson Goes 'Gangnam Style'

The 81-year-old former senator busts some moves (sort of) in a video that tells young people to press their elders for a solutions to the nation's debt and deficit problems.
NPR

Obama, Business Roundtable Disagree Over Taxes

President Obama is lobbying the CEOs of the nation's largest companies to support him as he tries to reach a budget deal with Republican lawmakers. The president met Wednesday with members of the Business Roundtable. The group urges the extension of Bush-era tax cuts for everyone, including the wealthy.
NPR

Looming Spending Cuts Would Hit Hard All Over

If Congress fails to reach an agreement on tax increases and spending cuts this year, it will mean sharp reductions in a broad swath of federal spending, from defense and Medicare to education and unemployment benefits. Economists say the cuts would be a serious setback for the economy as a whole.
NPR

Obama And House GOP Engage In Fiscal Cliff Talks, Only Briefly With Each Other

The president and House Republicans continued to snipe at each other Wednesday over the impending set of automatic tax hikes and spending cuts known as the fiscal cliff. President Obama and House Speaker John Boehner later spoke briefly by phone for the first time in a week, according to reports.
NPR

White House To Seek Emergency Sandy Funds

The Obama administration is expected to ask for $50 billion to $60 billion. Top administrators told Congress Wednesday that they want at least some of that money to go toward preventing the kind of devastation caused by Sandy and other recent storms.
NPR

Black Voters Reflect On Obama's First Term

In just over a month, President Obama will be sworn in for his second term. Audie Cornish takes a moment to look back at what his presidency has meant for African-Americans. We hear from a comedian, David Alan Grier; from a lawmaker, Emanuel Cleaver, who is outgoing chair of the Congressional Black Caucus; and from three seniors at Howard University, a historically black college in Washington, D.C.

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