Progress expected on the budget and bonding DFL leaders in the House and Senate say they plan to get busy on the budget this week, specifically identifying the spending cuts needed to solve a deficit that is now just under $1 billion.
The budget shortfall went from $1.2 billion down to $994 million last week, thanks to a slightly improved economic forecast. In addition, lawmakers have resolved a disagreement over health care coverage for the poor, but there's still a lingering dispute over a bonding bill.
Tim Pugmire discusses the week ahead at the State Capitol with Morning Edition host Cathy Wurzer.7:25 a.m.
A preview of this week's financial news Minnesota Public Radio Chief Economics Correspondent Chris Farrell predicts that there will be some interesting financial news this week regarding international trade and wages.
He discussed the financial markets with Morning Edition host Cathy Wurzer.8:25 a.m.
National Public Radio Stories
Iraqis Wait For Official Election Results
Iraq has held its parliamentary elections, amid threats and violence aimed at keeping voters from the polls. Sunnis and Shiites alike went to the polls Sunday in defiance of insurgents who lobbed hand grenades at voters and bombed a polling station. Thirty-six were killed. Preliminary results are trickling in.
Contracts Awarded Despite Companies' Ties To Iran
An investigative piece published by The New York Times shows more than $100 billion of taxpayers' money have gone to U.S. companies whose foreign subsidiaries do business with Iran. As much as $15 billion may have gone to companies that were defying U.S. sanctions. Steve Inskeep talks to the Time's Jo Becker, who co-authored the report with colleague Ron Nixon.
Walking One Block Damaged By The Housing Crisis
Since the housing crisis started, Riverside County, Calif., has ranked near the top of the foreclosure list. Even people who didn't get swept up in the housing bubble have been hurt by the bust — take one block in the community of Moreno Valley.
Duncan To Step Up Civil Rights Enforcement
The Education Department is launching 38 investigations into possible civil rights violations by schools and colleges in more than 30 states. Secretary Arne Duncan makes the announcement Monday in Selma, Alabama, where he will join civil rights leaders to commemorate the 45th anniversary of one of the bloodiest clashes between protesters and state police.
The Growing Power Of The Sugar Pill
Placebos play a useful role in drug testing: They help scientists determine just how effective a drug is. But a comparison of studies of antidepressants finds that patients find placebos twice as effective today as they did in the 1980s. Researchers aren't entirely sure why this is happening, but they say these findings could complicate medicine.
AIG To Sell Unit To MetLife
Insurance giant AIG reportedly is close to selling its foreign life insurance unit to MetLife for about $15.5 billion. The New York Times reports the deal will be done in cash and stock. AIG last week sold its Asian unit to Britain's Prudential for about $35.5 billion.
Video Game Technology Shifts To Rewarding Play
Video games are integrating ways to sign up for credit cards and open accounts that provide virtual currency. New technologies, including sensors, are also making it possible to offer rewards, similar to frequent-flier programs, for playing or participating in mundane activities.
Blippy.com Shares Intimate Financial Details
The Internet start-up Blippy.com keeps track of someone's spending habits online, much like Twitter keeps track of random thoughts. Users register a credit card with the site, and every transaction on that card is displayed to friends on Blippy.
Obama Keeps An Eye On Democrats' Political Scandals
Democrats are busy working to get past scandals and a messy debate concerning overhauling health care. The party is worried about how November's elections might affect President Obama's effort to get a health bill passed.
Republican Bob Corker Is Senate's Deal Maker
Any day now, bipartisan negotiators in the Senate are supposed to unveil a bill that will rewrite the rules governing Wall Street. And when that happens, a lot of the credit for keeping the talks alive will go to Bob Corker, the junior senator from Tennessee. While he's not the top Republican on the Banking Committee, this is not his first go-round when it comes to bipartisan compromise.