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Economy
4:23 am
Tue December 11, 2012

What Happens If We Fall Off The 'Fiscal Cliff?'

iStockphoto.com

Originally published on Tue December 11, 2012 9:55 am

Lines of communication remain open in an effort to avert the automatic tax hikes and spending cuts known as the "fiscal cliff," according to the White House and House Speaker John Boehner.

If no deal is reached between now and the end of the year, would the consequences be that drastic?

To answer that question, let's imagine it's January and the nation has gone off the "fiscal cliff." You don't really feel any different and things don't look different, either. That's because, according to former congressional budget staffer Stan Collender, the cliff isn't really a cliff.

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Shots - Health News
2:18 am
Tue December 11, 2012

Feds Say 'No' To Partial Medicaid Expansion

Arkansas Gov. Mike Beebe speaks about expanding Medicaid during a speech to the Arkansas State Chamber of Commerce in Little Rock, Ark., on Nov. 14. The federal government hasn't set a deadline for states to decide on their Medicaid expansion plans.
Danny Johnston AP

Originally published on Tue December 11, 2012 9:55 am

The Affordable Care Act, as passed by Congress in 2010, assumed that every low-income person would have access to health insurance starting in 2014.

That's when about 17 million Americans — mostly unmarried healthy adults with incomes up to 133 percent of poverty, or about $15,000 a year — would gain access to Medicaid.

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Author Interviews
2:18 am
Tue December 11, 2012

Oprah's Second Pick: A First-Time Novelist

Oprah Winfrey's OWN cable channel and her magazine have revived her book club, now known as Book Club 2.0.
Charles Sykes AP

Originally published on Tue December 11, 2012 9:55 am

Earlier this year, Oprah Winfrey announced an updated version of her popular book club, this time called Book Club 2.0. Her first pick, Cheryl Strayed's memoir Wild, experienced best-seller list success thanks to what some people are calling the "Oprah bump." And last week Winfrey announced her second pick, a novel called The Twelve Tribes of Hattie by Ayana Mathis, a first-time author.

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Around the Nation
2:17 am
Tue December 11, 2012

Detroit Tries To Stave Off State Takeover Of Finances

Detroit Mayor Dave Bing delivers his State of the City address on March 7. If Bing and the City Council can't agree on a plan to reduce the city's budget deficit, state officials are poised to take away their power over Detroit's finances.
Carlos Osorio AP

Originally published on Tue December 11, 2012 9:55 am

Detroit officials face a tough vote Tuesday as they try to keep their city from going over its own "fiscal cliff." If the mayor and City Council cannot agree on a plan to reduce the city's budget deficit, state officials are poised to take away their power and assume total control over Detroit's finances.

It's been a continuing vicious cycle: Detroit's population exodus, lost tax revenue and chronic mismanagement have left the city burning through cash to the point where the state of Michigan has to provide funding to help the city meet payroll for the next few months.

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World
2:16 am
Tue December 11, 2012

Russian Scandal Hints At Larger Political Battle

Russian President Vladimir Putin and former Defense Minister Anatoly Serdyukov, who was recently fired, review military officers on Moscow's Red Square in May. Putin's decision to sack Serdyukov has touched off widespread speculation on the motive.
Alexei Druzhinin AP

Originally published on Tue December 18, 2012 9:33 am

Russia is in the middle of a blazing tabloid-style scandal that features a bejeweled blonde, a luxury love nest, and an alleged scam worth more than $200 million.

But that's not where some Kremlin watchers are putting their attention. They see the scandal as just the visible fallout from a vicious backroom fight among Russia's ruling elite.

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