The Federal Reserve is ready to take further action — including the purchase of Treasury bonds — "to provide support for the economy," the Chairman of the Fed Ben Bernanke said during a press conference.
Bernanke also said that the members of the Federal Open Market Committee had "marked down" their outlooks on the economy.
Most expect there to be little change in the unemployment rate through the end of the year. The consensus, said Bernanke, is that the Fed expects "slow progress" on unemployment and most opinions are "weighted toward slower growth" on the GDP.
Back in April when NPR looked at Republican presidential candidate Mitt Romney's potential running-mate picks, Florida Sen. Marco Rubio and GOP Govs. Mitch Daniels of Indiana and Bob McDonnell of Virginia were on our short list.
A new survey of 38 former clerks of current Supreme Court justices and 18 attorneys who have argued cases before the high court found that most of them think the court will rule that the individual mandate is unconstitutional. The mandate is the centerpiece of the Obama administration's signature health care law and it is unknown whether the law can survive without that piece.
For Langdon Cook, a walk in the woods isn't that different from a walk through the produce section of the supermarket. He's a writer, blogger and all-around outdoorsy type, but in outdoorsy Seattle, he's made his name primarily as a forager.
When a woman drinks heavily during pregnancy, it can cause profound damage to her unborn child.
Nobody knows how much alcohol, if any, is safe, so the U.S. surgeon general and the Centers for Disease Control and Prevention advise women to abstain from drinking throughout pregnancy to avoid physical and mental birth defects.
But here and elsewhere, even conscientious pregnant women have been known to have an occasional beer or glass of wine while carrying a child. How risky is that?
Update at 12:33 p.m. ET. Fed Extends 'Operation Twist':
The Federal Reserve said it was extending its "Operation Twist" through the end of year. It will add $267 billion more to the program in which the Fed sells some of its medium-term bonds in order to buy longer-term ones. In theory, that pushes down the interest rate on longer-term loans, especially mortgages.
I'm Michel Martin and this is TELL ME MORE from NPR News. Coming up, it's June, the beginning of the summer wedding season and a lot of couples are tying the knot, but what happens when your plans for a dream wedding in your hometown are the subject of - well, let's say - opinions of complete strangers?
Originally published on Thu June 21, 2012 12:03 pm
MICHEL MARTIN, HOST:
This is TELL ME MORE, from NPR News. I'm Michel Martin. Coming up, immigration is back in the news right now, in part because of a new move by the Obama administration to stop deporting young people who came here illegally as children. And now there's also new information about just who is coming here and why.
The battle between the Obama administration and the House Oversight and Government over the Fast and Furious operation just ratcheted up another notch. There's word that the White House is exerting executive privilege over documents that the committee's Republican majority has subpoenaed.