Economy & Business

Business
3:42 am
Wed October 16, 2013

Banks Ease Purse Strings On Luxury Home Loans

Originally published on Wed October 16, 2013 4:58 am

Transcript

RENEE MONTAGNE, HOST:

And for the first time in decades, interest rates for loans on jumbo homes are lower than rates for a typical mortgage. And because of that, the luxury market is the fastest growing home loans sector.

From member station KJZZ in Phoenix, Peter O'Dowd reports.

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Economy
3:33 am
Wed October 16, 2013

When Will Congress' Inaction Push U.S. Into Default?

Originally published on Wed October 16, 2013 7:41 am

Transcript

STEVE INSKEEP, HOST:

Now, Treasury Secretary Jack Lew has warned Congress tomorrow, the 17th of October, is the day the government will likely have only about $30 billion on hand, which sounds like a lot. But sometimes, daily expenditures get a lot higher than that. This does not mean the government will default tomorrow if Congress does not act. As NPR's John Ydstie reports, the U.S. could manage to get through the next few days. But without a deal, the threat of default rises sharply next week.

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Politics
3:28 am
Wed October 16, 2013

No Deal On Tuesday Leads To Day 16 Of Shutdown On Wednesday

Originally published on Wed October 16, 2013 4:58 am

With the threat of a government default looming, House leaders tried to take the upper hand in the standoff with a bill appealing to their most conservative members. They failed, resulting in chaos in the House and giving the initiative back to the Senate.

Business
3:11 am
Wed October 16, 2013

German Businessman Who Built Gummi Empire Dies At 90

Originally published on Wed October 16, 2013 5:20 am

In 1945, Hans Riegel took over the gummi bear company founded by his father. He transformed Haribo from a local German candy company to a household name recognized around the world.

Politics
3:11 am
Wed October 16, 2013

Congress Keeps Working As Debt Ceiling Deadline Nears

Originally published on Wed October 16, 2013 6:54 am

This could be the last day the United States is assured of its borrowing authority. Congress could forestall this crisis by raising the debt ceiling, as it has roughly a hundred times before. But the debt ceiling is tied to the same confrontation that's kept much of the federal government shut down.

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