Originally published on Wed December 19, 2012 11:22 am
Making the case that the "Plan B" proposed by House Republicans to keep the federal government from going over the so-called fiscal cliff at the end of the year "does not meet the test of balance," the White House announced this morning that President Obama would veto such legislation if it came to his desk.
Originally published on Wed December 19, 2012 1:26 pm
Robert Bork, who was at the center of Senate hearings that "marked the modern battle lines over judicial nominations," as NPR's Nina Totenberg has said, is dead, according to The New York Times, Fox News and The Associated Press.
Swiss banking giant UBS AG has agreed to pay $1.5 billion in fines to regulators in the U.S., Britain and Switzerland for its part in a scheme to manipulate the London interbank offered rate (LIBOR), which is used to set rates on contracts around the world.
Companies that make firearms are facing some tough choices, in the aftermath of the Sandy Hook tragedy. Yesterday, the private equity group Cerberus Capital Management said it's getting out of the gun business. And one of the largest outlets for firearms, Dick's Sporting Goods, said it is suspending sales of certain kinds of rifles. Wal-Mart has removed a website listing for a rifle similar to the one used by the gunman in Connecticut.
NPR's Sonari Glinton looks at what the gun debate could mean for big business and big retail.
On a Wednesday before Christmas, it's MORNING EDITION from NPR News. I'm Steve Inskeep.
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In Newtown, Connecticut, Sandy Hook Elementary remains closed. But other schools are open. Today is actually the second day back for students in the wake of last week's shootings that killed 20 children and six adults. This is a community that is taking its first steps towards normalcy, as NPR's Zoe Chace reports.
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Even before the events of the last few days, Congress had a busy agenda. Lawmakers are negotiating over taxes and spending that could affect the economy in the year ahead, not to mention almost every part of the federal government and the take-home pay for millions of Americans.