At a Senate committee hearing on Tuesday, senior officials of Peoria, Ill.-based Caterpillar Inc. defended the company against accusations that it had used an affiliate in Switzerland to avoided paying some $2.4 billion in taxes over a 12-year period.
"Americans pay the taxes they owe and not more. And, as an American company, we pay the taxes we owe, not more," Julie Lagacy, vice president of financial services at Caterpillar, told a Senate panel on Tuesday.
The nation's increasingly powerful Spanish-language television networks show a distinct liberal bias in covering domestic news, a conservative media watchdog group asserted Tuesday.
The Media Research Center says that its four-month analysis of weekday evening newscasts aired on Univision and Telemundo showed that the networks' domestic coverage was "dominated by partisans" from the left.
"The stock market is rigged," Michael Lewis tells Fresh Air's Terry Gross. "It's rigged for the benefit for really a handful of insiders. It's rigged to ... maximize the take of Wall Street, of banks, the exchanges and the high-frequency traders at the expense of ordinary investors."
In a hearing before the House Oversight and Investigations panel, GM CEO Mary Barra and National Highway Traffic Safety Administration Acting Administrator David Friedman testify Tuesday on concerns surrounding GM's recall of a faulty ignition switch that's been linked to more than a dozen deaths.
People who think big thoughts about the financial system gathered in Boston yesterday. They were asking how to prevent the next financial crisis.
NPR's Chris Arnold reports.
CHRIS ARNOLD, BYLINE: Speaking to a room full of bankers and regulators, former Senator Chris Dodd took people back to a moment in 2008. Lehman Brothers had just collapsed and he was called into a small emergency meeting with other top lawmakers and Fed Chair Ben Bernanke.
It's MORNING EDITION, from NPR News. I'm Steve Inskeep.
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And I'm David Greene. Good morning.
The U.S. Senate today will debate why women still earn roughly 80 cents to a man's dollar. Equal pay is a goal of the Paycheck Fairness Act. As NPR's Jennifer Ludden reports, one part of the bill would ban workplace policies that keep everyone's pay secret.
People in the nation's capital looked up on Sunday to see horizontal snow on the 30th of March. Weekend snow also turned up in Connecticut, Maine and Pennsylvania, and some other places. It was one more reminder of a brutal and long winter, which for some, was also a painfully expensive winter to heat their homes. Record numbers of people have turned to an old-style and cheaper alternative: Wood.
Here's Rhode Island Public Radio's Kristin Gourlay.
You've already heard about thieves stealing credit card numbers, with the Target stores theft dominating the news headlines. But imagine what a thief could do with your company's payroll records. Those contain valuable information such as your Social Security number, date of birth, your address and how much you earn.