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It's All Politics
11:49 am
Tue December 11, 2012

Fiscal Cliff Calendar: What Happens When

iStockphoto.com

Originally published on Tue December 11, 2012 1:39 pm

As weary as many Americans grew of campaign commercials last month, they may be getting even more annoyed this month by endless talk of the fiscal cliff, the massive collection of tax increases and spending cuts set to take effect at year's end.

It's easy to understand the urge to stick fingers in ears and loudly chant "la-la-la-la." The budget problems are indeed complicated, and the negotiations tedious.

But resolving the mess is extremely important: Without a solution, every person who gets a paycheck or has investments will see his or her taxes rise.

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Around the Nation
6:52 am
Tue December 11, 2012

Right-To-Work Measure Expected To Pass In Michigan

A right-to-work protester walks past Michigan state police at the capitol in Lansing on Tuesday. The Michigan Legislature is expected to pass legislation Tuesday that would bar contracts requiring employees to pay union dues as a condition of employment.
Paul Sancya AP

Originally published on Tue December 11, 2012 1:29 pm

Michigan's Legislature is expected to pass legislation Tuesday that would bar contracts requiring employees to pay union dues as a condition of employment. The proposed right-to-work law has infuriated union leaders in a state considered the heart of the union movement.

Republican leaders pushing the bill closely watched the fights over labor rights going on across the Midwest, but it wasn't Ohio or Wisconsin that prompted them into action. Many leaders in the public and private sector looked to their neighbor to the immediate south.

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Business
6:36 am
Tue December 11, 2012

Could The Opportunity Credit Be Eliminated?

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

Transcript

(SOUNDBITE OF SONG, "12 DAYS OF CHRISTMAS")

DAVID GREENE, HOST:

As we head into the holiday season, political leaders are un-merrily locked in a battle over how to cut federal spending and raise revenue - and this could mean meddling with tax deductions that many Americans hold dear.

RENEE MONTAGNE, HOST:

So this week and next, we're taking a closer look at individual deductions and tax credits that might be on the chopping block.

(SOUNDBITE OF SONG, "12 DAYS OF CHRISTMAS")

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Business
6:36 am
Tue December 11, 2012

Climbing Corporate Ladder Is Slow Going For Women

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

Transcript

RENEE MONTAGNE, HOST:

A new report out this morning finds women are still not making much progress moving up the corporate ladder. Only a small number of senior executives at Fortune 500 companies are women, and the nonprofit group Catalyst shows the number has not changed much in years. NPR's Wendy Kaufman reports.

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Business
6:36 am
Tue December 11, 2012

Business News

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

Transcript

DAVID GREENE, HOST:

NPR's business news starts with a controversial battery buy.

(SOUNDBITE OF MUSIC)

Economy
6:36 am
Tue December 11, 2012

The 'Fiscal Cliff' For English Majors

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

Transcript

RENEE MONTAGNE, HOST:

Let's take that idea of playing out a little further now. The budget standoff has been described in all sorts of dramatic terms. So we decided to look into what the great works of the stage can tell us about this debate over tax hikes and spending cuts, and how it will play out. Think of it as "The Fiscal Cliff for English Majors."

NPR White House correspondent - and English major - Ari Shapiro has this take.

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Business
6:36 am
Tue December 11, 2012

SEC Head Schapiro To Step Down This Week

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

David Greene talks to Mary Schapiro, chairman of the Securities and Exchange Commission, about her tenure. After almost four years on the job she is stepping down this week.

Business
6:36 am
Tue December 11, 2012

The Last Word In Business

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

Transcript

RENEE MONTAGNE, HOST:

And today's last word in business is: lost down under.

Back in September, iPhone users slammed Apple for its new map app, which replaced Google Maps in a software update.

DAVID GREENE, HOST:

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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'?

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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