President Obama dived into the controversy over Bank of America's plan to start charging a monthly $5 fee for the use of its debit card, suggesting the bank is mistreating its customers. For its part, the bank says the new fee is designed to recoup the billions of dollars it is losing as a result of a consumer protection law.
A group called Win America is pushing the government to allow companies to repatriate hundreds of billions of dollars in cash parked in offshore accounts. Normally, that money would be subject to a tax rate of up to 35 percent. But lobbyists are hoping to strike a deal that would temporarily lower the rate to about 5 percent. Bloomberg Businessweek Magazine published an article that shows how dozens of former congressional aides are part of this effort to help major corporations secure a massive tax break. Guy Raz talks to Jesse Drucker, an investigative reporter for Bloomberg.
Federal Reserve Chairman Ben Bernanke told lawmakers on Capitol Hill Tuesday that the recovery has been much weaker than expected. He went on to say that Congress also has a role to play in getting the economy back on track. He said fostering healthy growth "is a shared responsibility."
While many farmers and politicians acknowledge it's time to end direct payments to farmers, many argue that crop insurance payments are still needed to help them hedge their bets against the next big disaster.
Treason is the only crime defined in the U.S. Constitution and is considered by many to be the worst of all crimes against society. So when one politician accuses another of treason, that should be a serious charge, right? Not so much, as it turns out.
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