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.
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.
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?
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.
New Democracy party leader Antonis Samaras has been sworn in as Greek prime minister, correspondent Joanna Kakissis and Sky News report.
As Joanna reported earlier for our Newscast Desk, Samaras' conservative New Democracy party came in first during Sunday national elections, but didn't get enough support to govern on its own. So it will share power with the Socialist PASOK and a small pro-European party — The Democratic Left.
We don't do too many traffic reports, but this news has the potential to be both fascinating and frustrating — depending on whether you're watching from afar or stuck inside a gridlocked car:
The Chesapeake Bay Bridge that carries U.S. Route 50 traffic back-and-forth between Washington, D.C., and mid-Atlantic beaches will be closed for about 40 minutes today, starting around 1:15 p.m. ET, so that a cargo ship carrying four huge cranes can pass (safely, we hope) beneath the span.
Originally published on Wed June 20, 2012 12:07 pm
The defense rested its case just before noon ET today and closing arguments will begin Thursday in the trial of former Penn State assistant football coach Jerry Sandusky on charges of sexually abusing young boys, according to reporters from The Associated Press, NPR and other news outlets.
Sandusky did not take the stand in his own defense.
Our Original Post: If Sandusky Is Going To Testify, Today's The Likely Day
Originally published on Wed June 20, 2012 12:42 pm
The Federal Reserve — the nation's central bank — will end its two-day meeting on Wednesday by offering its assessment of the economy, and then declaring its latest plan for making things better.
Investors all over the world will be waiting to hear just how weak — or not — the Fed thinks the U.S. economy is. And they will be watching to see whether the bankers plan to continue trying to stimulate growth by extending two controversial programs, one known as Operation Twist, and the other as quantitative easing.