The mortgage giants Fannie Mae and Freddie Mac got hit so hard by the housing crisis that they required a massive federal rescue. Now lawmakers are looking to scale back the two entities' role — and the government's — in the mortgage market.
The Senate Banking Committee is expected to vote Thursday on President Obama's nominee to head the agency that oversees Fannie and Freddie.
The Beige Book is weird. It's an economic report released by the Federal Reserve every few months, but it doesn't have many numbers in it. Mostly, it's a bunch of stories gathered by talking to businesses around the country. A Fed economist once described it as the "Ask Your Uncle" approach to figuring out what's going on in the economy.
You're listening to ALL THINGS CONSIDERED from NPR News.
One month ago, Federal Reserve Chairman Ben Bernanke introduced the idea of winding down the Fed's massive stimulus programs. On that announcement, the markets tanked. Today, Bernanke said pretty much the same thing. But this time, the markets yawned.
As NPR's John Ydstie explains, the Fed chairman appears to have finally found the formula to ease Wall Street's concerns.
National Geographic is less reserved and gets right to the obvious point: "Paleontologists have discovered a new dinosaur, a Triceratops relative with a supersize schnoz that once roamed present-day Utah."
This is a big year for mayor's races. And it was supposed to be "the year of the woman" for mayoral candidates.
When 2013 began, there was a fair amount of hope that women could make up for their relatively measly representation in local offices nationwide by capturing the mayoralty in three of the nation's five largest cities.
At Philz Coffee in Palo Alto, Calif., a kid who looks like he should still be in high school is sitting across from me. He's wearing Google Glass. As I stare into the device's cyborg eye, I'm waiting for its tiny screen to light up.
Then, I wait for a signal that Google Glass has recognized my face.
(Click here to see an excerpt from the Rolling Stone story.)
Even before it hit newsstands, Rolling Stone's latest cover caused controversy: It features a full-page photograph of alleged Boston bomber Dzhokhar Tsarnaev sulking, his curly hair messily tossed in front of his eyes.