Originally published on Thu December 19, 2013 5:24 pm
The Senate passed a two-year bipartisan budget deal aimed at easing automatic spending cuts and avoiding a government shutdown, following a House vote on the measure last week.
The vote by a simple majority was absent the partisan brinksmanship that has become a hallmark of budget deals in recent memory.
The appropriations committees in both chambers must now set in stone a $1.012 trillion fiscal 2014 spending bill before current spending authority expires. Congress also faces a spring 2014 to raise the debt ceiling — another potential partisan standoff.
In the past five years, the Federal Reserve has created roughly $3 trillion out of thin air.
The Fed uses the money it creates out of thin air to buy bonds. The idea is to drive down interest rates, which encourages people and businesses to borrow and spend money. It's called quantitative easing.
The human love affair with cats has a long history. But just how long has always been a mystery. That's because little was known about how and when cats were domesticated. Now, scientists say they've uncovered new clues in a trail of evidence going back some 5,300 years in a small village in China. Joining us is Fiona Marshall, an archaeologist at Washington University in St. Louis, and co-author of a study on cat domestication. Welcome to the program.
FIONA MARSHALL: Thank you very much. Delighted to talk about cats.
Originally published on Wed December 18, 2013 6:42 pm
Michael Steinberg, a top portfolio manager at SAC Capital Advisors, has been found guilty of insider trading — the latest conviction stemming from a years-long federal investigation into the hedge fund's activities.
Steinberg was found guilty on five counts of conspiracy and securities fraud.
"Prosecutors said he traded on confidential information that was passed to him by an employee, who later admitted to swapping illegal tips with friends at other firms."
For more than a year, the Senate Intelligence Committee and the CIA have been engaged in a tug of war over the release of the so-called torture report.
Chairman Dianne Feinstein, a Democrat from California, says the $40 million, 6,000-page report demonstrates that CIA treatment of detainees was all but useless in terms of gathering actionable intelligence.
For its part, the CIA says the classified committee report contains significant errors and that no one at the agency was interviewed by Senate investigators.