Moody's lifted the rating from "negative" to "stable" and affirmed the country's AAA rating. In a statement, it said the U.S. economy has demonstrated resilience in the face of major cuts to government spending. The country is on track to report its lowest annual deficit in five years.
Detroit has become the biggest American city ever to file for bankruptcy, seeking Chapter 9 protection from creditors and unions owed some $18.5 billion in debt and liabilities. What's ahead for debt-ridden Detroit? Quinn Klinefelter WDET.
A Russian court has convicted one of the country's most prominent opposition leaders of embezzlement. Alexei Navalny faces a sentence of five years in prison in a controversial case that he says was trumped up to derail his political career. Navalny was instrumental in organizing mass protests against the rule of Russian President Vladimir Putin.
In Washington, the man responsible for putting the IRS in the hot seat the last couple months found himself in the same harsh glare yesterday. The Treasury Department inspector general was grilled about which groups were flagged for extra scrutiny as they applied for tax exempt status. J. Russell George's reports focused on the targeting of Tea Party groups, but Democrats have released IRS documents showing liberal groups were also on watch lists. As NPR's Tamara Keith reports, they want to know why his report didn't mention this.
Congress this week has convened its first hearings about the Voting Rights Act since the Supreme Court struck down a key provision of that law last month. The meetings offer some insights into what, if anything, lawmakers will do to restore the stricken section that enables the Justice Department to review in advance changes to state voting laws.
Leaders in Harrisburg, Pa., hope the legends of the Wild West will ride to the rescue of the cash-strapped state capital. Thanks to a former mayor's eccentric, failed museum project, the city has an extensive collection of Wild West artifacts — some said to have ties to people like Wyatt Earp, Doc Holliday and Buffalo Bill.
For decades after the 1930s, the National Labor Relations Board served as the arbiter for squabbles between management and unions, or workers who wanted to join a union. In more recent years, though, the board itself has become a battleground.
Democratic appointees to the NLRB have grown increasingly sympathetic to organized labor, while Republican appointees have grown increasingly hostile, says Harley Shaiken, who studies labor relations as a professor at the University of California, Berkeley.