President Obama talked up the Affordable Care Act in San Jose, Calif., in June. Now, the administration has said a key provision affecting businesses won't take effect until 2015.
Credit Evan Vucci / AP
The Obama administration's decision late Tuesday to postpone the requirement for employers with 50 or more workers to offer health coverage or risk fines has satisfied some key members of the coalition that supported the law.
But the one-year reprieve also raises new questions about the administration's ability to get the huge health law up and running in an orderly fashion. The deadline for the new health exchanges to begin enrolling individuals is Oct. 1.
Coming up in a few minutes, we'll dive a little deeper into what's going on with the abortion debate in Texas. But first, we want to talk about a development that's affecting recipients of housing assistance in Los Angeles County. The U.S. Department of Justice this week ordered LA County and the cities of Lancaster and Palmdale, California to pay a total of $12.5 million in damages to residents of subsidized housing. That follows a two-year investigation by the department.
Jeff Caldwell checks a vehicle on the assembly line at the Chrysler Jefferson North Assembly plant in Detroit in May. U.S. auto sales rose last month to their fastest pace since 2007.
Credit Paul Sancya / AP
The next couple of days will bring fireworks, hot dogs — and a new unemployment report.
At least the first two will be fun.
As for Friday's job-market assessment, the Labor Department report likely will show little or no change in the 7.6 percent unemployment rate. "There is still a general weakness in the labor market," says Daniel North, economist with Euler Hermes, a credit insurance company.
In Chinatowns around the country — in San Francisco, Boston, Chicago, New York — a peculiar financial scam is targeting elderly Chinese women.
This so-called "blessing scam" isn't much of a blessing. By asking lots of personal questions, the scammers convince their targets that they face terrible tragedy that they can only avoid if they place their valuables in a bag — and then pray over it. Usually, the victims place their jewelry and money in a bag that the thieves swap out for an identical one. And then the thieves tell the women not to open the bag for days.
MONTAGNE: Toyota, the world's best-selling automaker, is recalling approximately 185,000 vehicles. The worldwide recall is due to a problem with its electric, power steering. It affects Yaris models made between November 2010 to March 2012, and Verso-S models made between August 2010 and August 2011. Transcript provided by NPR, Copyright NPR.
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The Obama administration set off some pre-4th of July fireworks last night. They announced a one-year delay in implementing a key piece of the Affordable Care Act. Employers with 50 or more workers will now have until 2015 to meet new health insurance requirements for their workforce.