You might be feeling a bit hung over from all the 'fiscal cliff' negotiations. But the financial talks in Washington aren't over yet. In the coming months, the White House and Congress will face three major economic challenges. Host Michel Martin breaks down what you need to know for the next round of fiscal talks.
Originally published on Thu January 10, 2013 6:46 am
Update: At 6 a.m. ET. Jan. 10, White House Announcement:
The White House has officially confirmed that President Obama will nominate his chief of staff, Jacob "Jack" Lew, to be the next Treasury secretary. According to a statement, the announcement is scheduled for 1:30 p.m. ET today (Thursday).
An injured person is moved to an ambulance following a ferry accident during rush hour in Lower Manhattan on Wednesday. At least 50 people were injured, according to news reports. The ferry ran into a pier, causing a large gash on its front side.
New Jersey Gov. Chris Christie on Tuesday delivered his State-of-the-State speech. It contained no new policy objectives. It was designed to boost morale in state where he said 346,000 homes were damaged or destroyed by Hurricane Sandy.
Guns are piled inside a crate outside a police station in Tucson, Ariz., on Tuesday during a buyback. Tuesday marked the second anniversary of when a gunman opened fire on former Rep. Gabrielle Giffords as she met with constituents in 2011, killing six people and leaving 12 others injured.
Credit Matt York / AP
Gun buyers inspect their purchases outside a police station in Tucson, Ariz., on Tuesday. About a dozen buyers offered cash to sellers in the parking lot of a police station where a city councilman had set up a gun buyback program.
Former Rep. Gabrielle Giffords, D-Ariz., and her husband, Mark Kelly, have formed a political action committee to support prevention of gun violence. The announcement came Tuesday, the second anniversary of the mass shooting in Tucson that left six dead and wounded 13, including Giffords.
Churches and fire stations around the city rang bells in memory of the victims and in commemoration of other mass shootings since Tucson.
Across the United States, college administrators are poring over student essays, recommendation letters and SAT scores as they select a freshman class for the fall.
If this is like most years, administrators at top schools such as Harvard and Stanford will try hard to find talented high school students from poor families in a push to increase the socioeconomic diversity on campus and to counter the growing concern that highly selective colleges cater mainly to students from privileged backgrounds.
A photographic screen hangs in front of the U.S. Supreme Court, which is undergoing renovations. On Wednesday, the justices will hear arguments in a case that asks whether police without a warrant can administer a blood test to a suspected drunken driver.
Former Detroit Tigers pitcher Jack Morris throws out the ceremonial first pitch before Game 3 of the American League Championship Series between the Detroit Tigers and New York Yankees on Oct. 16. Morris is a candidate for the National Baseball Hall of Fame this year.
The results of this year's baseball Hall of Fame voting will be revealed on Wednesday.
Given the exit polling, it appears both Barry Bonds and Roger Clemens, as well as other candidates stained by accusations of steroid use, will not be admitted.
Among other reasons for not voting for them, I would suspect that accusations against Lance Armstrong for using performance-enhancing drugs in cycling is bound to have some carry-over effect. At a certain point, when the circumstantial evidence for drug use is so compelling, who can possibly believe these guys?
U.S. employers added 155,000 jobs in December, a steady gain that shows hiring held up during the tense negotiations to resolve the fiscal cliff. But the unemployment rate remained at 7.8 percent last month.
Businesses complained that the uncertainty surrounding the "fiscal cliff" froze their decisions about hiring and expanding, which hurt the economy. Washington has now managed half a deal, which settles tax issues, at least for the time being. But has that removed enough uncertainty to boost some business hiring and investment?