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Planet Money
9:57 am
Fri November 16, 2012

Hidden Housing Subsidy May Soon Come Out Of Hiding

Lam Thuy Vo NPR

Originally published on Fri November 16, 2012 1:47 pm

The federal government has all these ways of paying people to buy houses without actually, you know, paying people to buy houses.

We've talked a lot about two examples of this:

1. The mortgage-interest tax deduction is effectively a government payment to people who are paying a mortgage.

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The Two-Way
9:41 am
Fri November 16, 2012

Fiscal Cliff Talks Get Started

Getting started: President Obama and House Speaker John Boehner, R-Ohio, at the start of today's meeting.
Larry Downing Reuters /Landov

Originally published on Fri November 16, 2012 11:13 am

President Obama and congressional leaders from both major parties met at the White House this morning for the first of what will likely be many negotiations aimed at averting a plunge over the so-called fiscal cliff.

We watched for news from the key players — who include House Speaker John Boehner, R-Ohio — and updated with highlights.

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The Two-Way
8:23 am
Fri November 16, 2012

East German Political Prisoners Made Some Of Its Products, IKEA Admits

Denis Charlet AFP/Getty Images

News outlets in German and Sweden have been reporting for the past year that some of the products made in past decades for Swedish furniture giant IKEA were produced by political prisoners in Cold War-era East Germany.

Today, IKEA conceded that the reports are true and that some of its "representatives" were aware of what was happening.

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It's All Politics
7:46 am
Fri November 16, 2012

Can A Lame-Duck Congress Save The Day?

The Capitol on Monday, as Congress prepared to return for its post-election lame duck session.
Alex Brandon AP

Originally published on Tue December 4, 2012 6:23 pm

As the lame ducks waddle up to Capitol Hill for the final few weeks of this Congress, some political observers are hoping they will bring the "Spirit of 2010" with them.

Despite all the partisan bickering, the lame-duck session two years ago — bolstered by a bevy of outgoing Democrats with nothing to lose — actually got big things done, including the $850 billion stimulus and tax cut deal, a measure setting in motion the repeal of "don't ask, don't tell," passage of the defense authorization bill and an arms treaty.

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The Two-Way
7:22 am
Fri November 16, 2012

No More Twinkies? Hostess Brands Is Shutting Down

Stock up now.
Scott Olson Getty Images

Originally published on Fri November 16, 2012 8:53 am

Carrying through on its warning about what could happen, the management of Hostess Brands announced this morning that the company is going out of business and laying off its 18,500 employees.

At issue: According to Hostess CEO Gregory Rayburn, "we simply do not have the financial resources to survive an ongoing national strike."

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