What would happen if Congress doesn't raise the debt ceiling and the U.S. defaults on its debt later this month? The broad economic implications are unpredictable, but a default could cause huge trouble for the global economy.
But whatever happens to the global economy, one thing is clear: People all over the world who have loaned the U.S. government money won't get paid on time.
The wreckage of an American helicopter sits in Mogadishu, Somalia on Oct. 14, 1993. The events of the Battle of Mogadishu became a flashpoint for conversations about military interventions — and fodder for a big-budget Hollywood drama.
Credit Scott Peterson / Getty Images
The remains of a U.S. soldier killed in Afghanistan in May arrive at Dover Air Force Base in Delaware. In <em>Breach of Trust,</em> writer and veteran Andrew Bacevich asks whether we the people are sufficiently connected to those who fight our wars — and die in them.
Credit Chip Somodevilla / Getty Images
A Syrian soldier takes aim at rebel fighters positioned in the mountains of the town of Maalula in September.
Tina Brown, editor-in-chief of The Daily Beast, joins NPR's Steve Inskeep again for a recurring feature Morning Edition likes to call Word of Mouth. This month her suggestions are all about heroes — whether being heroic means doing something, or not doing something.
Originally published on Thu October 10, 2013 10:49 am
South of Florida's Lake Okeechobee, hundreds of thousands of acres of sugar cane thrive in the heart of one of the world's largest wetlands. The Everglades stretches from the tip of the peninsula to central Florida, north of Lake Okeechobee.
"The Everglades actually begins at Shingle Creek, outside of Orlando," says Jonathan Ullman of the Sierra Club.
That's nearly 200 miles north of the agricultural land that Ullman and other environmentalists say is crucial to state and federal efforts to restore the wetlands area to a healthy ecosystem.
Part of a series about small businesses in America
When it comes to job creation, politicians talk about small businesses as the engines of the U.S. economy. It's been a familiar refrain among politicians from both major parties for years.
But it obscures the economic reality. It makes a nice slogan, but it's not really accurate to say that small businesses produce most of the nation's new jobs, says John Haltiwanger, an economics professor at the University of Maryland.
Are House Republicans still seeking Democratic concessions on the Affordable Care Act? Or have they switched their sights to even bigger targets: federal spending on entitlements like Medicare and Social Security?
The answer on Wednesday depended on which Republican you asked.
President Obama's nominee to lead the Federal Reserve, Janet Yellen, stands in the State Dining Room of the White House on Wednesday. If Yellen's nomination is confirmed by the Senate, she'll be the first woman to head the Federal Reserve System.
Originally published on Wed October 9, 2013 7:10 pm
Janet Yellen got the official nod from President Obama Wednesday afternoon for the Fed's top spot. If Yellen's nomination is confirmed by the Senate, she'll be the first woman to head the Federal Reserve System and the most powerful central banker in the world.
But since she would be the first woman to get the job, just what exactly would her title be? Chair? Chairman? Chairwoman?
Yellen would replace Ben Bernanke, whose official salutation is chairman of the Board of Governors of the Federal Reserve System.