If President Obama and Congress fail to reach a deal on tax and spending changes, the nation would feel a lot of fiscal pain. But it also may benefit from the long-term fiscal restraint that would come from keeping tax hikes and spending cuts in place.
Originally published on Fri December 7, 2012 11:11 am
It wouldn't be the worst thing that could happen to the country.
If President Obama and Congress can't come to agreement on new tax and spending policies by the end of year, the U.S. could slip into recession, defense and domestic programs will see damaging cuts, and the American people may become convinced that Washington can't govern the nation.
On the other hand, the lack of a deal would do a lot to help erase the federal deficit.
Originally published on Fri December 7, 2012 8:54 am
We're in Milan. We're not happy. We're waiting for a bus that doesn't seem to come. Then we see this:
Three different sized sheets of bubble wrap, sized for how long you expect to wait: a little square for three minutes, bigger for five minutes, biggest for 10 — and the sign on top says: "Antistress For Free!!"
Everyone knows what to do. First, you calculate.
Then you choose.
Then you forget all about the bus and spend the time happily popping polyethylene-wrapped air bubbles.
Originally published on Fri December 7, 2012 10:17 am
The bottom line on the fiscal cliff negotiations on Capitol Hill is that things seem far from resolved. As Politico put it, the last we heard is that White House congressional liaison Rob Nabors went to Capitol Hill to tell lawmakers that President Obama is not budging.
If Congress does not come to an agreement, the country is facing steep spending cuts and tax hikes that economist warn could send the economy back into recession.
Originally published on Fri December 14, 2012 8:14 am
For the first time since his exile in 1967, the leader of Hamas, Khaled Meshal, returned to the Gaza Strip today. He arrived through the border with Egypt, kissing the ground in celebration and as NPR's Philip Reeves reports, Meshal received a hero's welcome as well as military one.
Good morning. I'm Renee Montagne. The publishing industry isn't doing too hot, except Random House, where things got downright steamy this year after it published "Fifty Shades of Grey." That bestselling tale of kinky passion has sold over 60 million copies, which is why Random House employees are now seeing green. The big announcement at the publisher's Christmas party: a $5,000 bonus for every employee, from editors to the mailroom. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
The Austrian press reports after his shift in Vienna, the driver was inspecting his bus and found a bag of cash. Stacks of euros worth $500,000. He gave the money to police, and they tracked down the owner, a 77-year-old woman.