This is TALK OF THE NATION. I'm Ari Shapiro in Washington; Neal Conan is away. Year by year, cities are raising fees and cutting public services to stay out of financial trouble. For some cities, that's just not enough. Detroit projects a $200 million deficit this year, and the city owes $14 billion in long-term obligations. The state's Republican Governor Rick Snyder says there's probably no city more financially challenged in the entire United States.
This is TELL ME MORE from NPR News. I'm Michel Martin. Coming up, it's been called a landmark in the American literary canon. Certainly it's one of the premier works of Chicano literature. Now it's finally made its way to the big screen. We are going to speak with its star, herself a well-loved pioneer among Latina actresses. Her name is Miriam Colon and she's with us in just a few minutes to tell us about "Bless Me, Ultima."
We are often urged to buy local, but when people say that, we're usually thinking about food. Now it seems you can aim for local furniture and local building materials. Matt Sepic of Minnesota Public Radio reports on the Minneapolis business that makes everything from hardwood flooring to picture frames from trees cut just down the block.
The housing market is recovering in much of the country, not so much in Idaho. Home prices dropped by 46 percent in the Boise area during the financial crises. Forty-six percent. Today's business bottom line takes us to the home of a family that rode out the crash and are still waiting for better times. Here's Molly Messick of Boise State Public Radio.
President Obama ordered across-the-board federal spending cuts on Friday night. The $85 billion in cuts are spread across much of the government. The president and many Republicans have called the cuts unwise. But Congress passed them and the president signed them in 2011, and in recent days, they did not agree on a plan to revise or replace them.
We turn to David Wessel to find out what happens now. He is economics editor of The Wall Street Journal. David, welcome back.
Residents of Detroit are absorbing the message sent by Michigan's governor. Rick Snyder swept aside the city's elected officials. He's using his power to appoint an emergency manager to take over city finances. Residents are deeply divided about this move, as we hear from Michigan Radio's Sarah Cwiek.
UNIDENTIFIED WOMAN: Nobody had a comment in regards to the lighting problem?
While many people look to tax preparation services for help, Tobie Stanger, editor at <em>Consumer Reports</em>, says online tools are often cost-effective.
Credit / iStockphoto.com
Tax day is looming and taxpayers are scrambling to gather receipts, W-2 forms and other documents. For many, gone are the days of paper ledger books and calculators, now that there's software to figure out how much they owe.
Wall Street hardly seemed rattled by the $85 billion across-the-board spending cuts that went into effect Friday. As just one indicator, the Dow closed the week within 100 points of hitting an all-time high. For more, host Scott Simon talks with New York Times columnist Joe Nocera.