Budgets plans to be revealed at Capitol DFL leaders in the Minnesota House release their plan for solving the state budget deficit this week, and a group of House Republicans say they will have a plan too.7:20 a.m.
Legislators ponder the difference between supplement and substitute Tonight, a crowd is expected at a legislative hearing on how to spend millions of dollars in new state money for the arts. The funds are from a new sales tax passed by voters in November. It's a debate complicated by the economic downturn and by the language in the constitutional amendment approved by voters.7:25 a.m.
Markets with Chris Farrell Minnesota Public Radio's chief economics correspondent Chris Farrell discusses the latest in the financial markets.8:25 a.m.
National Public Radio Stories
Pakistan Agrees To Reinstate Chief Justice
In a stunning turnabout, the Pakistani government has agreed to reinstate the former chief justice of the supreme court, who has become a symbol of judicial independence. Word of the rehabilitation of the popular chief justice followed a tumultuous weekend in Pakistan when the government tried but failed to prevent a huge protest by opposition leaders and lawyers.
Pakistan's Tribal Areas Provide Haven For Militants
In recent months, the U.S. has intensified attacks on Taliban and al-Qaida militants in northwest Pakistan along the Afghan border. Effectively outside the Pakistani government's control, the remote area has become a militant stronghold and a major concern for the U.S. military.
Foreclosure Rates Up In Unexpected Areas
Some new states have moved into the top 10 in the latest housing foreclosure figures: Illinois, Idaho and Oregon. They are states that had not suffered significantly in the subprime mortgage crisis until now. Growing unemployment may be forcing more and more people to give up on paying their mortgages.
Sacramento Tent City Reflects Economy's Troubles
Job losses, foreclosures and a deepening recession are sending newly homeless people into a makeshift camp on the northern edge of California's capital. Some 300-400 people live there, with no running water and little protection against the elements.
Ex-Guerrillas Win El Salvador Election
For the first time in El Salvador, a left-wing party has won the presidency. The Farabundo Marti National Liberation Front formed in 1980 as a band of Marxist guerrillas attempting to seize power. They spent 12 years fighting in the jungle and almost two decades in political opposition — and they finally accomplished their goal Sunday night.
Why India's Economy Fares Better Than Others
Steve Inskeep talks with Arvind Subramanian of the Peterson Institute for International Economics about how India and China are faring in this global recession. Both countries are significantly less affected than the U.S. and Europe — especially India. Its relatively slow pace of reform has protected its citizens from really feeling the pinch.
Credit Crisis Boosts Organized Crime In Italy
Anti-Mafia prosecutors in Italy say the credit squeeze is forcing more and more struggling businesses to turn to loan sharks for much-needed cash, giving a boost to organized crime.
Fed Chairman: Recession Could End This Year
Federal Reserve Chairman Ben Bernanke said in a Sunday interview on the CBS news show 60 Minutes that the recession could end this year, and economic recovery could begin next year. But he said much depends on the financial markets. And even if the recession ends, he warned, unemployment could continue rising.
G-20 Finance Ministers Lay Groundwork For Summit
Finance ministers gathered in southern England during the weekend as they tried to figure out how to stabilize financial systems — and prevent future crises. The group also helped lay the groundwork for a summit of world leaders next month. But the G-20 finance ministers could not agree on detailed action.
J.C. Penney Adds Stores
J.C. Penney Co. is opening nine new stores across the U.S. this month, including a store in Manteca, Calif. Why is the company choosing to expand during an economic downturn?