The Federal Reserve will continue its program of purchasing $85 billion in securities and will leave the target interest rate for federal funds untouched to support the U.S. economy, the U.S. central bank said in a policy update issued Wednesday afternoon.
Here's a summary of the state of the U.S. economy from the Fed, which concluded two days of meetings today:
This is TALK OF THE NATION. I'm Neal Conan in Washington. The speaker clamps the Hastert Rule on immigration reform. Three Republican senators now support gay marriage. And the Bay State Senate race goes into its last week. It's Wednesday and time for a penultimate edition of the political junkie.
(SOUNDBITE OF ARCHIVED RECORDINGS)
PRESIDENT RONALD REAGAN: There you go again.
VICE PRESIDENT WALTER MONDALE: When I hear your new ideas, I'm reminded of that ad: Where's the beef?
If there's one thing kids are scared of, it's the dark. In his latest children's book, The Dark, Daniel Handler — who writes under the pen name Lemony Snicket — takes on darkness itself, with the story of a young boy who confronts his biggest fear. Handler is known for his dry wit and matter-of-fact take on the mysterious and macabre.
The United Nations Refugee Commission says more than 45.2 million people were in "situations of displacement" around the world as of last year — the most since 1994.
A report from the Office of the United Nations High Commissioner for Refugees says there were 15.4 million refugees in other countries, 937,000 people seeking political asylum and 28.8 million people forced out of their homes but still inside their own countries.
It's Wednesday, and time to read from your comments. James in Laurel Hill, Fla., emailed during our conversation about research into rare diseases. "I would like to affirm the comment made by your guest about rare disease research leading to help for more common diseases," he wrote. "My nephew has brittle bone disease. Some aspects of his treatment have been used to help mend broken bones in accident victims, so research into rare disorders can definitely lead to treatment for others."
This is TALK OF THE NATION. I'm Neal Conan in Washington. With school out, many college - and even some high school students - will spend the summer working as interns. It's a chance to beef up their resumes, gain on-the-job experience and make valuable contacts. Last week, a federal district court judge in New York issued a ruling that could change the system.
"You could call it a 'grave' mistake," says WNBC-TV of New York City.
The tombstone of Edward I. Koch, the city's colorful, three-term mayor who died in February, listed an incorrect birth date for him. Instead of showing Dec. 12, 1924, the year mistakenly read 1942 — until yesterday.
We didn't plan it, but somehow, it has turned into Potato Week here at The Salt. The latest twist in the tater tales takes us to Capitol Hill.
Americans love to pile on the potatoes – we consumed a whopping 112 pounds per capita last year. But lately, the potato industry has been playing the part of jilted lover and taking its heartache to Congress.
According to the National Potato Council, the U.S. Department of Agriculture "discriminates" against fresh, white potatoes.