These days, U.S. farm policy is blamed for a lot of things — even the nation's obesity epidemic. The idea is that the roughly $20 billion in subsidies that the federal government gives to farmers encourages them to grow too much grain. As a result, the theory goes, prices drop, food gets cheaper and we end up eating too much.
It seems like a simple equation. But the truth is rarely simple. So what's really going on?
A House committee chairman wants an investigation of Obama administration cooperation with award-winning filmmakers on a movie about the hunt for Osama bin Laden. The White House says it did not give anyone special access.
Republican Peter King, who heads the Homeland Security Committee, says there has been too much talk already about the raid by Navy SEALS that killed bin Laden in Pakistan in May.
The Federal Reserve has issued one of its gloomiest pronouncements about the economy in a long time: It says it sees little prospect that growth will rebound much anytime soon, and that it's ready to keep interest rates low for the next two years.
The recent downturn leaves Fed officials without any of its obvious ways of fixing the economy, and analysts say it may need to try steps it hasn't taken before.
Joe Gagnon spent part of his career as a Fed economist, and Tuesday he saw something he thought he'd never see at the central bank.
Rupert Murdoch is expected to take questions from analysts, investors and reporters during a conference call Wednesday. The call follows Tuesday's meeting of the News Corp. board — the first such meeting since the phone hacking scandal that has roiled the company.
Bill Gross, founder and managing director of PIMCO, runs the world's largest mutual fund. What he had to say about the markets to Michele Norris on today's edition of All Things Considered was pretty gloomy.
Michele asked him what advice he would give to friends and family facing economic uncertainty and tumbling markets. He said first of all they should "lower their expectations."
He also said they should listen to the words of Will Rogers, a newspaper columnist, who said "I'm more concerned about the return of my money as opposed to the return on my money."