Republican presidential candidate Mitt Romney addressed the Veterans of Foreign Wars convention in Reno, Nev. He used the occasion for a sustained assault on President Obama's performance as commander in chief. Don Gonyea talks to Audie Cornish.
The near-default on U.S. obligations cost $1.3 billion because of increased borrowing costs, according to a new GAO report. To put that in perspective, that's more than 1,600 times as much money as was wasted at a Las Vegas conference for government employees that the House has spent countless hours investigating.
For today's show, we've collected three Planet Money radio stories never before heard on the show. All of them deal with people who handle other people's money — a politician's, a workforce's, and even a continent's:
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Mitt Romney speaks to the Veterans of Foreign Wars in Reno, Nevada today, and he's expected to call for a stronger military, as well as no cuts to the defense budget. He's also likely to criticize President Obama's policies on Iran and Syria. Yesterday was President Obama's day at the VFW convention, and NPR's Don Gonyea was there.
Among those on Mitt Romney's list of potential running mates, Wisconsin Rep. Paul Ryan has youth and experience, he's a conservative from a swing state, and he has big ideas and the policy chops to back them up.
But the chairman of the House Budget Committee would not be the safest of choices.
Back in February, when the Republican primary was still in full swing and the party's right wing was conspicuously unhappy with the idea of Romney, tax hawk Grover Norquist spoke to the Conservative Political Action Conference.
Republican presidential candidate Mitt Romney speaks to the Veterans of Foreign Wars in Reno, Nev., on Tuesday. It's a sort of launching pad for a foreign trip that will take Romney to three countries over the next week: the United Kingdom, Israel and Poland.
Romney, a man with a lot of domestic policy experience, is now trying to demonstrate his proficiency with international affairs.