Minnesota faces $1.1 billion deficit The new analysis of state revenue and spending obligations shows the same pending shortfall that was projected last March. Minnesota Management and Budget will release the full revenue forecast at 11:45 a.m., but it seems to indicate that the state's economy is continuing to improve slightly.5:20 p.m.
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.
Cargo Moving Again At Calif. Ports After Strike Ends
Cargo started moving again on Wednesday at the nation's largest ports. An eight-day strike by clerical workers at the Ports of Los Angeles and Long Beach is over. Melissa Block talks with Kirk Siegler from the port, where clerks, longshoremen and truckers are all glad to be back on the job.
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.
Some Maryland Residents Feel Forgotten After Sandy
Hurricane Sandy focused most of its devastation on New Jersey and New York, but it also decimated the town of Crisfield, Md. The community is one of the state's poorest, and residents say they're being forgotten in the effort to bring aid to other places hit by the storm.
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.
Texas Twang Fixin' To Ride Off Into The Sunset
The way Texans speak, from using words like "y'all" to that old Texas twang, is iconic in American culture. But linguists say the twang is fading — and that, in a few decades, "talking Texan" may sound quite different than it does today.