Secretary of State John Kerry is calling on lawmakers not to impose further sanctions in Iran as negotiations on reining in Tehran's nuclear program continue. Iranian officials have said new sanctions would kill off any hope of a final deal between Iran and world powers.
Shortly before eulogizing Nelson Mandela in South Africa on Tuesday, President Obama shook hands with Cuban leader Raul Castro and set off much discussion about a possible shift in U.S.-Cuba relations. David Greene talks to Dan Restrepo, a senior fellow at the Center for American Progress and former adviser to Obama on Latin America.
For years, there's been talk in Washington, D.C., about the "grand bargain" — a big deficit-reducing budget deal that rewrites the tax code and trims from the long-term costs of Medicare and Social Security. Tuesday night, Sen. Patty Murray and Rep. Paul Ryan announced what can only be described as a small bargain. But if it's approved by the House and Senate, it would avoid another government shutdown in January.
BIRMINGHAM, Ala. (AP) - Another blast of cold air is headed to Alabama, and officials in Birmingham are taking steps to protect homeless people. The city says it will open Boutwell Auditorium as a warming shelter nightly through Thursday. Temperatures are predicted to fall into the mid-to upper 20s each night until then. Temperatures will be even colder in north Alabama, where the National Weather Service says temperatures will dip into the low 20s.
Originally published on Tue December 10, 2013 7:07 pm
Congressional negotiators announced Tuesday that they'd reached a budget proposal to restore about $65 billion worth of sequestration cuts in exchange for cuts elsewhere and additional fees.
If approved by both the House and Senate, the plan — hammered out by Republican Rep. Paul Ryan of Wisconsin and Democratic Sen. Patty Murray of Washington — would avoid another government shutdown on Jan. 15.
Speaking at a news conference Tuesday evening, Ryan said the budget plan doesn't raise taxes and that it's a "step in the right direction."
Sen. Elizabeth Warren, D-Mass., at a November hearing of the Senate Banking, Housing and Urban Affairs Committee. A recent op-ed critical of Warren's brand of economic populism sparked an intraparty dispute among Democrats.
Originally published on Tue December 10, 2013 7:09 pm
The fight over taxes, entitlements and income inequality has clearly been reignited in the Democratic Party, sparking questions about whether, and how hard, to push economic populism as the party approaches the 2014 midterm elections and beyond.
The latest flare-up came between centrist Democrats at the Third Way think tank and liberals who view Sen. Elizabeth Warren, D-Mass., as their champion.
House and Senate negotiators said late Thursday that they reached a budget deal. The agreement would restore some of the automatic spending cuts known as sequestration, and includes some relatively small deficit reduction over the next two years. Rep. Paul Ryan, R-Wisc., and Sen. Patty Murray, D-Wash., hammered out the deal, which they characterized as a step in the right direction that would avoid another government shutdown in mid-January if both the House and Senate approve the budget.
Originally published on Tue December 10, 2013 6:36 pm
A former actress who sent ricin-laced letters to President Obama and New York Mayor Michael Bloomberg has pleaded guilty in federal court in Texarkana, Texas, as part of a deal to limit her sentence to no more than 18 years.
Shannon Guess Richardson, a mother of six from Texas, had minor roles in The Walking Dead and The Blind Side. She mailed three ricin-laced letters from New Boston, Texas, near Texarkana, and then contacted police to say that her estranged husband had done it.
For more on just how the Volcker rule will work and how it will be enforced, we're joined by Simon Johnson. He's professor at the MIT Sloan School of Management, and he's a member of the FDIC's systemic resolution advisory committee. Welcome to the program.
SIMON JOHNSON: Thanks for having me.
CORNISH: So let's talk more about proprietary trading. Give us some specific examples of this.
From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.
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And I'm Melissa Block.
Federal regulators today approved a tough new set of restrictions on the kinds of trading that banks can do. The so-called Volcker rule largely prohibits FDIC-protected banks from trading securities for their own financial gain. It's part of the Dodd-Frank overhaul passed three years ago.
Democrats who control the Senate invoked the so-called "nuclear option" to make it easier for them to approve President Obama's nominations several weeks ago. On Tuesday, they put that option to use, ramming through approval for a new appeals court judge and unblocking the nomination of a new director for the Federal Housing Finance Agency.
MONTGOMERY, Ala. (AP) — Gov. Robert Bentley says the Legislature will have to approve money for new industrial incentives if Alabama lands Boeing's new aircraft plant. Tuesday was the deadline for states to submit their offers for the 777X plant. Alabama got its offer in ahead of the deadline. Alabama is one of about 15 states competing for the project. Bentley isn't saying how big Alabama's offer was, but he says Alabama needs more incentive funding than it has now to recruit a plant that could provide up to 8,500 jobs.
A batch of internal documents recently leaked to The Guardian has revealed new insights into the goals and finances of the secretive group called ALEC. The American Legislative Exchange Council is a group that brings together state legislators and representatives of corporations. Together, they develop model bills that lawmakers introduce and try to pass in their state legislatures.