Former GAO head says Washington not helping the economy It appears that Congress has reached a compromise on a disaster aid package which will prevent a government shutdown at the end of the week. But a much bigger challenge looms. By the end of this year, Congress will have to figure out how to reduce the federal debt by about $1.5 trillion over the next decade. That deadline was part of the deal reached this summer to raise the federal debt ceiling.8:25 a.m.
National Public Radio Stories
Eurozone's Looming Financial Crisis
For a long time, much of the world saw the eurozone sovereign debt crisis as Europe's problem. Now world leaders, including the United States, realize a eurozone meltdown could have dire consequences for everyone. They are working up a massive rescue plan whose contours are beginning to emerge. Although Britain does not use the euro, that nation's politicians are using their party conventions to issue dire warnings about the euro's fate. And one eminent economist is proposing a novel solution to limit the impact of the European debt crisis.
Misrata Recovering From Libya's Bloody Battles
The Libyan town of Misrata endured relentless shelling by pro-Gadhafi forces, leaving a swath of destruction through its main district. But amid the rows of bullet-pocked, burned-out buildings, shops are opening and people are trying to resume something like normal life. Some volunteers in the town have even created a sort of open-air museum of the military hardware that nearly brought them down.
Retirement: Reality Not As Rosy As Expectations
For a sizable chunk of Americans, retirement is proving to be more difficult than they had imagined, according to a new poll by NPR, the Robert Wood Johnson Foundation and the Harvard School of Public Health.
Estate Liquidators See A Frenzy Of Speculation
The high price of gold and other precious metals is encouraging a new breed of gold diggers: traveling estate buyers who temporarily set up shop in hotels. They offer to pay cash on the spot for gold, diamonds, old Rolexes and collectibles.
Philadelphia Revives Mounted Police Program
The Philadelphia police department's newest recruits are cooling their heels on a farm in bucolic Ambler, Pa. The department recently acquired 11 horses, and started training officers to use them in crowd-control and related operations. That runs counter to thinking at other departments around the country, which have recently closed their equestrian units in a cost-cutting move.
Greek Parliament Weighs Property Tax Amid Protests
The Greek government hoped to pass a new tax law in Parliament on Tuesday, despite wide opposition to the move by a Greek public already suffering under a policy of strict austerity. Ministers said the new property tax, which would be added to people's electricity bills, was needed to persuade the IMF and EU to release more bailout funds to prop up the Greek economy.
The Rapid Rise Of America's Man In Kandahar
Just 33, Gen. Abdul Raziq is the acting police chief of Afghanistan's volatile Kandahar province. He was a key figure in the U.S. military's "surge" operation last year. But Raziq, a former warlord, has also been linked to abuses of power, including an alleged massacre, according to a new article in The Atlantic.
Pilots Sue United Over Training Tied To Merger
United Airlines pilots are suing their company to try to block new training procedures associated with United's merger with Continental. The airline needs to achieve a certain level of training in order to win clearance from federal aviation authorities and complete the merger. The pilots say they're concerned about the level of training, saying it's too rushed. The company says the procedures are adequate, and blasted the pilots' suit as a "shameful" effort to influence negotiations over a new contract.
Kodak Shares Plunge
Eastman Kodak's shares dropped to the lowest point of the year Monday as investors reacted to the company's decision to borrow $160 million against its credit line. Julie Philipp from member station WXXI reports.
Smaller Banks Use Free Checking To Lure Customers
Community banks and credit unions are attracting consumers as big banks add fees for accounts that used to be free. Smaller institutions can still afford to offer the service because they aren't affected by a law that cuts debit card fees for large banks.