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2:00am

Tue November 22, 2011
Politics

Obama Presses Congress To Compromise On Cuts

Originally published on Tue November 22, 2011 3:25 am

Transcript

LINDA WERTHEIMER, HOST:

This is MORNING EDITION from NPR News. I'm Linda Wertheimer.

STEVE INSKEEP, HOST:

And I'm Steve Inskeep. Congress threatened itself with punishment if it failed to act. Lawmakers promised automatic spending cuts if a special committee failed to reduce the deficit. Now that they have failed, some want a way out of the punishment with which they had threatened themselves. This may be just one more episode in a long fight over taxes and spending, as we hear from NPR's Ari Shapiro.

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2:00am

Tue November 22, 2011
Business

Business News

MF Global is the securities firm run by Wall Street veteran and former New Jersey Gov. Jon Corzine. The firm filed for bankruptcy protection last month after making bad bets on European government bonds. A trustee was appointed to wind down the company.

2:00am

Tue November 22, 2011
Politics

Did Bush Tax Cuts Foreshadow Supercommitte's Failure?

Lawmakers have spent much of this year struggling to reach a deal that could get budget deficits under control. But the problem has been developing for at least a decade.

Young voters might not be familiar with the government of the year 2000 — at least not by its balance sheet. The economy: booming. Tax revenue: rolling in. Expenses for war: none. And to top it off, there was a $200 billion surplus.

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2:00am

Tue November 22, 2011
Business

HP Profits Slip But Beat Wall Street Expectations

Originally published on Tue November 22, 2011 3:29 am

Hewlett-Packard announced its quarterly earnings were down 90 percent from the previous quarter. The company is going through big changes. It just spent most of its cash on an acquisition, took on $4 billion of debt and named Meg Whitman as the new CEO.

2:00am

Tue November 22, 2011
Business

The Last Word In Business

The jobs website Careerbuilder.com reports nearly one in five workers said they plan to celebrate the holiday with coworkers. The survey asked workers who they would rather spend Thanksgiving with, and only 1 percent answered coworkers. Ninety percent said family. The remaining 9 percent answered neither.

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