National

Economy
4:33 am
Wed October 16, 2013

When Will Congress' Inaction Push U.S. Into Default?

Originally published on Wed October 16, 2013 8:41 am

Transcript

STEVE INSKEEP, HOST:

Now, Treasury Secretary Jack Lew has warned Congress tomorrow, the 17th of October, is the day the government will likely have only about $30 billion on hand, which sounds like a lot. But sometimes, daily expenditures get a lot higher than that. This does not mean the government will default tomorrow if Congress does not act. As NPR's John Ydstie reports, the U.S. could manage to get through the next few days. But without a deal, the threat of default rises sharply next week.

Read more
Asia
4:11 am
Wed October 16, 2013

China Gives Mesaured Response To Possible U.S. Default

Originally published on Wed October 16, 2013 5:58 am

China is the biggest foreign holder of U.S. debt — totaling more than $1.3 trillion. Chinese media are using the American budget struggle as an implicit justification for China's system.

Politics
4:11 am
Wed October 16, 2013

Congress Keeps Working As Debt Ceiling Deadline Nears

Originally published on Wed October 16, 2013 7:54 am

This could be the last day the United States is assured of its borrowing authority. Congress could forestall this crisis by raising the debt ceiling, as it has roughly a hundred times before. But the debt ceiling is tied to the same confrontation that's kept much of the federal government shut down.

Europe
4:11 am
Wed October 16, 2013

U.S. Default Would Have Adverse Effect On Europe's Recovery

Originally published on Wed October 16, 2013 5:58 am

The possibility of an American default on its debt is huge news across the continent. Europe is barely emerging from its own debt crisis. Europe's recovery rests on demand for its exports and the U.S. is by far the European Union's largest export market.

The Salt
2:58 am
Wed October 16, 2013

Arkansas Aims To Make Edamame As American As Apple Pie

An Arkansas company is trying to cash in on an edamame boom in the U.S.
Will Merydith Flickr

Originally published on Wed October 16, 2013 2:31 pm

Irene Adams cooks supper for husband, Luke, and 2-year-old son, Cole, at their home in Fayetteville, Ark. She used to serve lots of green beans, but switched to edamame after tasting it at a local restaurant.

"[Cole] used to split his green beans and take out the little seeds inside," Adams says. "So I told Luke we should try edamame, because it's bigger seeds and has more flavor, so that's why we decided to try it and he loves it."

Read more
Environment
2:57 am
Wed October 16, 2013

Fuel In The Fire: Burn Wood For Power Or Leave It To Nature

At more than 400 square miles, the Rim Fire is the largest Sierra Nevada fire in recorded history.
Mike McMillan US Forest Service

Originally published on Wed October 16, 2013 12:59 pm

The record-breaking wildfire in Yosemite National Park is almost fully contained, two months after it started. The blaze calls attention to a problem across the western U.S.: After a century of having its fires routinely extinguished, the forests are overloaded with fuel.

A heated debate has flared up about what to do with that forest fuel. California is hoping to reduce its fire risk through renewable energy, but some worry about the environmental costs of thinning the forests.

'It Was Torched'

Read more
Parallels
2:56 am
Wed October 16, 2013

Are We Moving To A World With More Online Surveillance?

Brazilian President Dilma Rousseff was angered by reports that the National Security Agency was spying on her. She has called for giving individual countries greater control over the Internet.
Getty Images

Originally published on Wed October 16, 2013 11:04 am

Many governments around the world have expressed outrage over the National Security Agency's use of the Internet as a spying platform. But the possible response may have an unforeseen consequence: It may actually lead to more online surveillance, according to Internet experts.

Some governments, led most recently by Brazil, have reacted to recent disclosures about NSA surveillance by proposing a redesign of Internet architecture. The goal would be to give governments more control over how the Internet operates within their own borders.

Read more
It's All Politics
7:07 pm
Tue October 15, 2013

Shutdown Diary: Hope Turns Into Wall Street Warning

Wisconsin Rep. Paul Ryan, the House Budget Committee chairman, walks to a GOP meeting Tuesday.
Evan Vucci AP

Day 15 of the government shutdown started with as much promise as any recently: There was a bipartisan proposal by Senate leaders to reopen the government and raise the debt ceiling.

But any hopes were quickly dashed when leaders of the Republican-controlled House said they would offer a competing proposal because of their dissatisfaction with the Senate effort.

The Senate's Bipartisan Proposal

The Senate agreement between Harry Reid, D-Nev., and Mitch McConnell, R-Ky., came after weekend negotiations.

Read more
Business
6:21 pm
Tue October 15, 2013

The IRS Can't Take Your Questions. It Will Take Your Return

IRS offices around the country, like this one in Brooklyn, N.Y., have been closed since the partial government shutdown began two weeks ago. While the agency continues to cash checks from payees, refunds, audits and most other operations are suspended.
Spencer Platt Getty Images

Tuesday, Oct. 15,is the filing deadline for the roughly 12 million Americans who received an extension on their 2012 taxes. And having 90 percent of its staff furloughed in the partial government shutdown doesn't mean the IRS doesn't want your money.

"The IRS is shut down, but the tax law is never shut down," says Joshua Blank, professor of tax practice and faculty director of New York University Law School's Graduate Tax Program.

Read more
The Two-Way
6:10 pm
Tue October 15, 2013

Feel Old Yet? Roddick And Blake Will Play On Senior Circuit

James Blake addresses the crowd during an interview with Mary Joe Fernandez after losing on day three of the 2013 U.S. Open.
Matthew Stockman Getty Images

Originally published on Tue October 15, 2013 6:25 pm

Neither of them is over 35 years old. One of them played in ATP World Tour events just months ago; the other did so last year. But none of that will keep recently retired tennis players Andy Roddick, 31, and James Blake, 33, from joining a circuit of senior players.

Read more

Pages