From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.
The Treasury and Justice Departments today sought to clarify for banks how they might navigate the murky legal waters of the marijuana business. Murky because pot is legal in a growing number of states but remains illegal under federal law. NPR's Yuki Noguchi reports on these new terms under which a bank must operate if it wants to offer financial services to this emerging industry.
In California's farm rich Central Valley, where President Obama meets Friday with farmers and others who are affected by the state's historic drought, Todd Allen nods towards a field of brown, baked dirt passing by the right side of his truck.
"Here's a plot of ground that I'm not going to be able to farm. That's 160 acres," he says.
Allen owns a farm about an hour's drive west of Fresno, where half of the country's produce is grown. Usually Allen's fields contain cantaloupe, cotton, tomato and wheat.
A high-stakes drama played out over the debt ceiling on Capitol Hill this week. It ended with President Obama getting exactly what he'd asked for — an extension of the Treasury's borrowing authority with no strings attached — and an even wider gulf between GOP congressional leaders and Tea Party-aligned conservatives.
Underlying the Republican rift was House Speaker John Boehner's determination to avoid another episode like last fall's government shutdown.
Originally published on Fri February 14, 2014 7:34 pm
The American speedskating team has fallen short of its goals at the Sochi Winter Olympics, with favorites such as Shani Davis and Heather Richardson failing to win medals. Some athletes believe the new racing suits they were given for the Olympics may be slowing them down.
Originally published on Tue February 18, 2014 7:57 am
We've got more snow here in Washington, D.C., than they have in Sochi, and it's colder. But still it's hard not to dream about being at the Winter Olympics, especially since reports from athletes and spectators say that the food in Sochi is beyond delicious.
The federal government on Friday issued guidelines for banks seeking to do business with the legal marijuana industry, stopping short of a blanket immunity for them, but strongly indicating that prosecutions for such crimes as money laundering would be unlikely.
NPR's Yuki Noguchi reports that the Department of Justice and Treasury Department on Friday sought to "clarify rules for banks trying to navigate the murky legal waters of the marijuana business. Murky, because pot is legal in a growing number of states, but remains illegal under federal law."