From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.
We begin this hour with the end of President Obama's first term. He's got less than a week before next Monday's inauguration. This morning, he capped things off with an hour-long news conference in the White House East Room. As NPR's Ari Shapiro reports, most of the focus was on a rash of recent financial crises that Washington itself has created.
In recent weeks, President Obama has chosen Sen. John Kerry, D-Mass., as his next secretary of state; former Sen. Chuck Hagel, R-Neb., to head the Pentagon; counterterrorism adviser John Brennan to be CIA director; and his chief of staff, Jack Lew, to be the next Treasury secretary.
Each nomination will have to be confirmed by the U.S. Senate, and they all could be stopped by a Senate filibuster — that is, the refusal by any one of 100 senators to let a matter come to a final vote.
This is WEEKEND EDITION from NPR News. I'm Scott Simon.
You might've chuckled a bit this week, if you heard about the trillion-dollar platinum coin plan, to perhaps address Washington, D.C.'s debt ceiling stalemate. But it will certainly be no laughing matter if the U.S. Congress refuses to raise the borrowing limit, and the U.S. government defaults on its debt. Global financial markets would likely plummet.
NPR's John Ydstie reports on some of the options the president has if he and Congress cannot reach an agreement.