President Obama returns to Washington Thursday as do members of the U.S. Senate. They're cutting holiday plans short in hopes of coming up with a deal to avoid the tax hikes and budget cuts set to take effect on Jan. 1.
Originally published on Wed December 26, 2012 7:24 pm
A plaintiffs' attorney says Toyota Motor Corp. has reached a settlement exceeding $1 billion in a class-action lawsuit involving complaints of unintended acceleration in its vehicles. Robert Siegel talks with NPR's Sonari Glinton about the deal, which still needs a judge's approval.
The Federal Reserve continued to keep its foot on the accelerator in 2012, using unusual tactics to try to boost economic growth. But there's disagreement among economists about whether the Fed's policies were effective or whether the risks to the economy outweighed the rewards.
Owners of Toyota vehicles that experienced sudden and unintended acceleration have reached a settlement that could require the carmaker to pay as much as $1.4 billion in claims, according to the auto maker and the law firm representing Toyota customers.
U.S. District Court Judge James Selna, at whose direction the many lawsuits over the "runaway car" fears were consolidated in 2010, will review the proposed settlement Friday.
From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.
7.7 percent, that's the current unemployment rate. It's a full percentage point lower than this time last year. That sounds like progress, a modest number of new jobs are being added every month. But labor force participation, a measure of both people who are working and those who are actively looking for work, is at its lowest point in three decades.
This is TALK OF THE NATION. I'm Ari Shapiro in Washington. Neal Conan is away. This week, many of us are making year-end charitable donations. There are countless needy people and worthy causes competing for our dollars. So many philanthropists today want proof that an organization actually succeeds at its mission.
In the East Bay area outside of San Francisco, a community has turned against its firefighters. The Contra Costa Fire Department is set to close four firehouses after voters failed to pass a tax to keep them open. Some say they want to see changes to firefighter pensions before they give the department more money. The firefighters say they feel like they are under attack.
Originally published on Wed December 26, 2012 7:23 am
Holiday Sales rose by less than 1 percent from the year before, according to MasterCard's SpendingPulse unit. That's the slowest growth in spending since the 2008 recession. Even online sales — which posted double digit gains over the past few years — were lackluster this year.