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NPR Story
6:26 am
Tue December 11, 2012

The Lost Art Of Budget Negptoatopms

Originally published on Tue December 11, 2012 10:55 am

Transcript

RENEE MONTAGNE, HOST:

President Obama and House speaker John Boehner have been holding private conversations about how to avoid the fiscal cliff, but still no deal. That has many in Washington talking about how it wasn't always so difficult to get things done. For some insight, we called John Danforth. He's a former Republican senator from Missouri and spent decades forging deals across the aisle, including the 1986 tax reform law under President Reagan. As he sees it, lawmakers aren't approaching the current problem from the right angle.

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Economy
5:28 am
Tue December 11, 2012

What Happens If We Fall Off The 'Fiscal Cliff'?

Credit iStockphoto.com

Originally published on Tue December 11, 2012 10:55 am

Lines of communication remain open in an effort to avert the automatic tax hikes and spending cuts known as the "fiscal cliff," according to the White House and House Speaker John Boehner.

If no deal is reached between now and the end of the year, would the consequences be that drastic?

To answer that question, let's imagine it's January and the nation has gone off the "fiscal cliff." You don't really feel any different and things don't look different, either. That's because, according to former congressional budget staffer Stan Collender, the cliff isn't really a cliff.

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Author Interviews
3:18 am
Tue December 11, 2012

Oprah's Second Pick: A First Time Novelist

Originally published on Tue December 11, 2012 10:55 am

Earlier this year, Oprah Winfrey announced an updated version of her popular book club, this time called Book Club 2.0. Her first pick, Cheryl Strayed's memoir Wild, experienced best-seller list success thanks to what some people are calling the "Oprah bump." And last week Winfrey announced her second pick, a novel called The Twelve Tribes of Hattie by Ayana Mathis, a first-time author.

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Shots - Health News
3:18 am
Tue December 11, 2012

Feds Say 'No' To Partial Medicaid Expansion

Credit Danny Johnston / AP
Arkansas Gov. Mike Beebe speaks about expanding Medicaid during a speech to the Arkansas State Chamber of Commerce in Little Rock, Ark., on Nov. 14. The federal government hasn't set a deadline for states to decide on their Medicaid expansion plans.

Originally published on Tue December 11, 2012 10:55 am

The Affordable Care Act, as passed by Congress in 2010, assumed that every low-income person would have access to health insurance starting in 2014.

That's when about 17 million Americans — mostly unmarried healthy adults with incomes up to 133 percent of poverty, or about $15,000 a year — would gain access to Medicaid.

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Around the Nation
3:17 am
Tue December 11, 2012

Detroit Tries To Stave Off State Takeover Of Finances

Credit Carlos Osorio / AP
Detroit Mayor Dave Bing delivers his State of the City address on March 7. If Bing and the City Council can't agree on a plan to reduce the city's budget deficit, state officials are poised to take away their power over Detroit's finances.

Originally published on Tue December 11, 2012 10:55 am

Detroit officials face a tough vote Tuesday as they try to keep their city from going over its own "fiscal cliff." If the mayor and City Council cannot agree on a plan to reduce the city's budget deficit, state officials are poised to take away their power and assume total control over Detroit's finances.

It's been a continuing vicious cycle: Detroit's population exodus, lost tax revenue and chronic mismanagement have left the city burning through cash to the point where the state of Michigan has to provide funding to help the city meet payroll for the next few months.

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World
3:16 am
Tue December 11, 2012

Russian Scandal Hints At Larger Political Battle

Credit Alexei Druzhinin / AP
Russian President Vladimir Putin and former Defense Minister Anatoly Serdyukov, who was recently fired, review military officers on Moscow's Red Square in May. Putin's decision to sack Serdyukov has touched off widespread speculation on the motive.

Originally published on Tue December 18, 2012 10:33 am

Russia is in the middle of a blazing tabloid-style scandal that features a bejeweled blonde, a luxury love nest, and an alleged scam worth more than $200 million.

But that's not where some Kremlin watchers are putting their attention. They see the scandal as just the visible fallout from a vicious backroom fight among Russia's ruling elite.

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The Record
3:15 am
Tue December 11, 2012

Who Should Be In The Rock And Roll Hall Of Fame?

Credit Michael Ochs Archives / Getty Images
Donna Summer, a possible Rock and Roll Hall of Fame inductee, poses for a portrait circa 1976.

Originally published on Tue December 11, 2012 10:55 am

NPR Story
8:29 pm
Mon December 10, 2012

HSBC Reaches $1.9B Deal Over Money Laundering

Originally published on Mon December 10, 2012 8:44 pm

HSBC bank has reached a record $1.9 billion settlement with federal and state authorities over money laundering. All Things Considered host Robert Siegel talks to NPR's Jim Zarroli.

The Two-Way
6:09 pm
Mon December 10, 2012

U.S. To Add Syrian Rebel Group To Terror List

The U.S. is adding a Syrian rebel group to its list of foreign terrorist organizations, a move meant to marginalize extremists who are among the groups working to oust President Bashar Assad.

NPR's Michele Kelemen reported on the move to add Jabhat al-Nusra to the list. Here's what she told our Newscast unit:

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The Two-Way
6:04 pm
Mon December 10, 2012

U.S. Treasury To Sell Remaining Stake In AIG

In a statement on Monday, the U.S. Treasury Department said it will launch an underwritten public offering to sell its remaining 234,169,156 common stock shares in insurer American International Group Inc., better known as AIG.

The U.S. government bought the controlling stake in the company as part of the $182 billion bank bailout in 2008. The sale would bring an end to the government's run as the company's largest shareholder, which represented a 16-percent ownership in the company.

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