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Debt

The Brian Lehrer Show

Congress Member Hayworth on the Debt Ceiling

Wednesday, July 13, 2011

Nan Hayworth, Congress Member (R-NY-19) discusses the battle in Congress over raising the debt ceiling.

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The Takeaway

A Story Develops: New Jobs Numbers and Rising Unemployment

Monday, July 11, 2011

Last Friday, the new jobs numbers set off a flood of comments from our listeners. As we evaluated what this meant for job-seekers across the country, guests, listeners and others reacted to our coverage and helped to create it.  Below, follow how the story evolved, from our first on-air segment with Dan Gross to an emotional interview from a woman looking for work, to listeners compelled to give their own story.

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The Takeaway

After The Takeaway: Celeste Headlee's Reaction to Today's Show

Monday, July 11, 2011

We're having fun with a new feature: quick videos with hosts after the show. In today's episode, host Celeste Headlee reacts to our coverage of the continuing battle over principle in Washington's debt ceiling talks, and the continuing struggle for America's unemployed. Are they focused on the right priorities? It's a question we've been asking listeners, and one that has generated a lot of response. 

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The Brian Lehrer Show

The Latest on Debt Negotiations

Monday, July 11, 2011

Steven Dennis, reporter for Roll Call, discusses the latest on the debt negotiations in Washington as President Obama addresses reporters at a news conference this morning.

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The Takeaway

Negotiations on Deficit Continue at White House

Monday, July 11, 2011

President Obama will meet with Congressional leaders today to try and revive a $4 trillion deal to reduce the deficit and avoid a default on the national debt, a day after Speaker John Boehner rejected any agreement on that scale. Boehner says the parties should aim for a $2 to $3 trillion deal, because a larger deal would require tax increases. But President Obama says a larger deal would be easier to implement. Negotiations continued last night at the White House.

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It's A Free Country ®

The Latest on Debt Negotiations

Monday, July 11, 2011

On the Brian Lehrer Show today at 11:25am. Audio and a recap will be posted here by 1pm.

Steven Dennis, reporter for Roll Call, discusses the latest on the debt negotiations in Washington as President Obama addresses reporters at a news conference this morning.

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The Takeaway

In Debt Reduction Battle, Where Are the Sacred Cows?

Thursday, June 30, 2011

President Obama spoke to the press on Wednesday in his first press conference in three months. He said that Democrats were willing to make compromises on spending, and pushed Republicans to "take on their sacred cows" and agree to tax increases for higher income earners and corporations. But the real sacred cow might be in his veiled threat to ask Congress to stay in session through their August summer holidays, if need be.

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WNYC News

Financial 411: Pressure on Local Government

Wednesday, June 29, 2011

The big worry last summer was the possibility of states across the country defaulting on their debts.

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The Takeaway

Natural Disasters Cost US $32 Billion in 2011 So Far

Monday, June 27, 2011

Though we're only halfway through 2011, natural disasters have already cost the U.S. $32 billion, and that number will continue to climb. Over the weekend, the Suris River crested in Minot, North Dakota, leaving 4,000 homes underwater. Fewer than 400 residents of the city—the state's fourth largest—have flood insurance. North Dakota has the lowest unemployment rate in the U.S., and one of the fastest growing economies. 

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The Takeaway

Debt Talks Crumble As Top Republican Backs Out

Friday, June 24, 2011

House Majority Leader Rep. Eric Cantor (R-Va.) pulled out of talks with Vice President Joe Biden yesterday on whether to raise the nation's debt ceiling. Cantor was seen as a crucial Republican to have in the room. The move is seen to put talks on the fritz, with just weeks before the August deadline that could make the US default on trillions of dollars in debt.

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The Leonard Lopate Show

The Burdens of Student Loan Debt

Thursday, June 09, 2011

Lauren Asher, Founder of the Project on Student Debt, and journalist Malcolm Harris, discuss the parallels between the student loan debt crisis and the recent housing crisis. The price of tuition has increased 900% since 1978, making student loans necessary for most students seeking higher education. The total student debt—currently at $830 billion dollars—has exceeded credit card debt in the U.S. Yet despite the trend in growth, some believe comparisons to the housing crisis may have been blown out of proportion.

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The Takeaway

This Week's Agenda: Strauss-Kahn, the Economy, Presidential Hopefuls

Monday, June 06, 2011

Dominique Strauss-Kahn is scheduled to return to court today to face arraignment in New York City. He is charged with raping a Manhattan hotel maid, the allegations shocked the world, especially France, where he was expected to be a strong contender for the presidency. Callie Crossley, host of The Callie Crossley Show, on WGBH in Boston says "I think this story is going to capture a lot of headlines for a long time." Kelly Evans, "Ahead of the Tape" columnist for The Wall Street Journal, looks at some key economic data coming out this week that could give us a clue at how the economy is doing.

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WNYC News

Financial 411: IMF Chief Jailed, U.S. Reaches Debt Limit

Monday, May 16, 2011

The U.S. maxes out its credit card, and the head of the International Monetary Fund is denied bail. We also unveil a new series: New York Works.

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WNYC News

Financial 411: Stocks Slide on S&P Warning

Monday, April 18, 2011

A credit rating agency's concerns about U.S. government debt sends markets sharply downwards. The U.S. still has the best rating possible. But we'll talk about why that's still not good enough for some investors.

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The Takeaway

Debt Ceiling: What if America Defaulted?

Wednesday, April 13, 2011

It’s only been a few days since lawmakers in Washington agreed on a budget for the next fiscal year, but Democrats and Republicans are already gearing up for the next big budgetary showdown: raising the nation's debt ceiling. In the coming months, Congress will have vote on whether to raise the debt ceiling, something Tea Party Republicans say they won't support in hopes of forcing President Obama and Congress to cut spending. But for every dollar the government spends, it has to borrow forty cents. In February, Fed Chair Ben Bernanke said that the economic results of not raising the debt ceiling and defaulting would be "catastrophic" 

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The Takeaway

Perennial Budget Cut Survivor: The Defense Department

Tuesday, April 12, 2011

The budget remains the hot button issue in Washington, and cuts all across the board appear likely, except for defense. Military spending makes up approximately 20 percent of the federal budget, and will likely exceed $700 billion in 2011 — that's 40 percent of the world's total military spending. Where does all that money go to? Larry Korb, senior fellow at the Center for American Progress, and former Assistant Secretary of Defense under the Reagan administration explains.

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The Takeaway

Government Shutdown Averted... What's Next?

Monday, April 11, 2011

A government shutdown was averted in the 11th hour last Friday, as Congress and the White House came to a temporary resolution on the budget crisis. President Barack Obama will give a speech on Wednesday night detailing how he hopes to reduce the deficit. But the budget debate is not over, and is actually just beginning, according to The Takeaway's Washington correspondent, Todd Zwillich. Republicans want spending drastically reduced, and Democrats want taxes increased — this will make for an even more dramatic confrontation between party lines as the issue of the debt arrives.

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The Takeaway

College Week: Listener Questions, Expert Answers

Friday, April 01, 2011

It’s the season of college acceptance and rejection letters, and all this week, we’ve been talking about college-related topics.

Today, we’re talking again with Beth Kobliner, Takeaway contributor and appointee to the President's Advisory Council on Financial Capability. Beth was here on Tuesday to walk us through the ABCs of college loans, financial aid, and debt.

Beth is back today to answer all the listener questions that have come in since her appearance on Tuesday.

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The Takeaway

Jefferson County, Ala. Battles Massive Debt Following Corruption

Tuesday, March 01, 2011

As the Federal government tries to wrangle a deal to keep the country afloat, there are already some parts of the country that are bankrupt, even if not technically “in bankruptcy.” Cities that borrowed money by issuing municipal bonds are now so burdened with debt that they can’t pay back what was promised to those who invested. Add to that mess, a few bribes, an unfathomable refinancing deal with a leading Wall Street bank, and a broken sewage system, and you’ll end up with Jefferson County, the local government for Birmingham, Alabama.

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WNYC News

Delinquency Rates in Parts of City Are Triple the National Average

Friday, February 18, 2011

WNYC

New Yorkers are continuing to reduce their debts, including home mortgage and credit card balances, but they're doing it at a slightly slower pace than the rest of the country.

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