House Republicans have released portions of a report on the collapse of MF Global, the commodities firm run by former New Jersey Governor Jon Corzine. The report chastises Corzine for taking excessive risk.
Originally published on Thu November 15, 2012 7:17 am
President Obama continues to insist that any agreement to avoid the so-called fiscal cliff next year must include higher taxes on the wealthy. But Obama left the door open to structuring that tax increase in various ways. He's hoping to strike a bargain with congressional Republicans that would prevent a broader tax hike on the middle class that could send the country back into recession.
Originally published on Thu November 15, 2012 7:01 am
President Obama travels to New York Thursday to get a first hand look at the continuing recovery efforts and lingering damage from Hurricane Sandy. Damage and lost economic activity from the storm have been estimated as high as $50 billion. State officials and lawmakers from the affected region say they intend to tap the federal government for as much assistance as possible.
Originally published on Thu November 15, 2012 7:10 am
Paula Broadwell, the woman at the center of the scandal that cost CIA director David Petraeus his job, has lost her military security clearance. FBI and military investigators are trying to determine whether Broadwell had classified information she was not entitled to see.
Originally published on Thu November 15, 2012 5:29 am
Along with the news about the Gen. David Petreus scandal, we've been hearing about lavish social events given in the Tampa, Fla., area. A lot of military brass from MacDill Air Force Base, where U.S. Central Command is headquartered, go to these events. Linda Wertheimer talks to Ben Montgomery, a reporter with the Tampa Bay Times, about how the scandal is playing out around Tampa.
Hostess Brands, famous for processed treats like Twinkies and Ding Dongs, says it will go into liquidation if striking bakers do not return to work this afternoon. This could see the layoffs of nearly 18,000 workers. The bakers walked out over wage and benefit cuts. Analysts say the company's most iconic brands would likely be bought by other companies if Hostess goes out of business. Transcript provided by NPR, Copyright NPR.
When President Obama sets off to Asia this weekend to highlight his so-called pivot to the region, he will make a bit of history: Obama will become the first sitting U.S. president to visit Myanmar.
The country, also known as Burma, was a pariah state for decades, ruled by a ruthless military dictatorship. That is changing, and the Obama administration has encouraged a dramatic reform process in the country. But it may be too early for a victory lap.
Though new Chinese leader Xi Jinping "didn't once mention Marxism or Mao Zedong" today as he stepped into his new role, the make-up of the "gang of seven" that he now heads "will disappoint those hoping for sweeping reform," NPR's Louisa Lim reports from Beijing.
New England Compounding Center co-owner Barry Cadden went to Capitol Hill for a congressional hearing Wednesday on the fungal meningitis outbreak. Choosing to take the Fifth Amendment, Cadden did not testify.
A liberal think-tank closely allied with the Obama administration is proposing a health care spending plan it says could save hundreds of billions of dollars in entitlement spending without hurting middle- and low-income patients.
Think Mom's same old Thanksgiving mashed potatoes are boring? Jejune? Predictable?
Debbie Lee's are anything but. And they all started with a happy accident.
Lee is the owner and operator of the Los Angeles-based Korean-American restaurant Ahn Joo, and the author of Seoultown Kitchen: Korean Pub Grub To Share With Family And Friends. While Korean by heritage, Lee didn't grow up eating traditional Korean foods.
New York Gov. Andrew Cuomo meets Nov. 10 with residents of the Far Rockaways section of Queens, which was hit hard by Hurricane Sandy. Cuomo is seeking $30 billion in federal assistance to help rebuild his state at a time when Congress is already consumed with reducing the deficit.
Political leaders from the Mid-Atlantic and Northeast have not been shy about their intent to seek as much federal funding as possible for their storm-struck states. Damages and lost economic activity as a result of Hurricane Sandy have been estimated as high as $50 billion.
Gov. Andrew Cuomo, D-N.Y., wants $30 billion in federal assistance to help rebuild his state. This request, and others, come at a time when Congress is already consumed with reducing the deficit.
Pharmacy and medical services stores closed in Coney Island.
Credit Reema Khrais / NPR
Michael Liburd was waiting for essential medical supplies to arrive when Hurricane Sandy hit. Now, the delivery company can't find them. He says he's afraid he'll have to go to the hospital if he doesn't get them soon.
In Coney Island, on the southern end of Brooklyn, long lines of EMS trucks and buses of National Guardsmen rolled down the roads this week — trekking from residential building to building.
Since Friday, dozens of troops and officials from the City Health Department have been dropping in at the hardest hit areas of New York, making sure all residents are equipped with the essentials: Do they have food? Water? Do they need medical attention?