Well, here we are. It's New Year's Eve and with just hours to go before the end of the year and the arrival of the so-called fiscal cliff, Democrats and Republicans in Washington are still trying to strike a deal that heads off automatic increases in taxes, automatic deep spending cuts in a variety of programs and the automatic expiration of some jobless benefits.
Good morning. I'm Steve Inskeep. A New Year's tradition will change in Brasstown, North Carolina. Instead of the Times Square Ball, Clay's Corner Store lowered a love possum in a box. Store owner Clay Logan tells the Chattanooga Times Free Press we aren't pessimistic or optimistic. We're opposumistic. But nobody asked the possum. People for the Ethical Treatment of Animals sued. Now Mr. Logan says he'll drop a stuffed animal, or road kill, depending on what's available. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
In India, protestors are vowing to keep up their fight until there is justice for the young victim of a gang rape. The young woman died this weekend after injuries she suffered in the vicious attack. The incident has renewed demands for action against sexual violence. Delhi police say the accused will be formally charged with murder. From New Delhi, here's NPR's Julie McCarthy.
And let's turn to some other developments we're following very closely. Secretary of State Hillary Clinton is in a New York City hospital this morning. She is being treated for a blood clot. Now, a State Department spokesman said this stems from a concussion Clinton sustained earlier this month. The blood clot was discovered during a follow-up exam yesterday.
We're joined in the studio by two of our colleagues, NPR foreign affairs correspondent Jackie Northam and NPR science editor Rob Stein. Good morning to both of you.
The U.S. economy grew at a steady though not very strong pace this year. But Europe slipped back into recession because of the ongoing debt crisis. European leaders took steps to stimulate growth, but it wasn't enough to reverse course.
The economic crisis that got under way five years ago was felt all over the world. But Mohammed El-Erian, CEO of the investment firm PIMCO, says different regions have healed at much different rates.
The year "2012 was another multispeed world globally, in the sense that different parts did different things," he says.
It is almost unimaginable that both the House and Senate would be in session on a Sunday evening on the penultimate day of the year. And yet, they both were, with lawmakers hoping it was not merely a big waste of time and effort.
A bipartisan push by Senate leaders over the weekend has so far failed to forge a deal to spare American wage earners from tax hikes and shield government programs from drastic cutbacks.