Home prices across the U.S. have dropped 30 percent from their peaks, a downturn that has sapped trillions of dollars in wealth from Americans. Not surprisingly, it's a hot topic for presidential candidates this campaign season. But so far, new ideas about how to fix the crisis have been scarce.
On Monday, President Obama is visiting Nevada, where he's expected to announce his administration's latest proposals on housing. The state is at the epicenter of the downturn, with the latest reports showing home prices and sales numbers continuing to slip.
European political leaders failed to come to agreement over the weekend on key issues to try to stem the debt crisis that threatens to spread from the smaller economies of Greece and Portugal to Europe's third- and fourth-largest economies: Italy and Spain. EU leaders vowed to keep working toward a wide-ranging plan at a second meeting Wednesday.
Secretary of State Hillary Clinton has just returned to the U.S. after a weeklong trip through Central Asia. Most of her stops were associated with two issues: the war in Afghanistan, and frayed relations with Pakistan. Clinton described her talks with U.S. and Pakistani military leaders as very comprehensive.
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We'll head to Iraq now to take a closer look at the reasons behind the U.S. decision to pull all American troops out of the country by the end of the year. The two sides are talking about whether some kind of training force will return to Iraq next year. As NPR's Kelly McEvers reports, the sticking point has been whether American troops can face trial in Iraqi courts.
Top European finance officials met again Sunday in Brussels to try and prevent a financial collapse and save the continent from its debt crisis.
Europe's debt situation differs from what happened in 2008 in the U.S., where banks lent money to fuel an unsustainable housing boom. Still, a default in Europe could have serious consequences on Wall Street and on global markets.
As the European markets get closer to a meltdown and the echoes of the 2008 banking crisis still resonate in the U.S., has anything changed on Wall Street in the past few years?
Originally published on Sun October 23, 2011 4:24 pm
Afghan President Hamid Karzai says that in a war between Pakistan and the U.S., Afghanistan would support Pakistan.
"If fighting starts between Pakistan and the U.S., we are beside Pakistan," he said in an interview with private Pakistani television station GEO that aired Saturday. "If Pakistan is attacked and the people of Pakistan need Afghanistan's help, Afghanistan will be there with you."
Since the supercommittee was formed in August to find federal deficit cuts, the House and Senate appropriations committees have seen their responsibilities wane. But not too long ago, they were the most exclusive clubs in Congress and it took years to get assigned to one.
Appropriations 'Lost Its Luster'
Rep. Jeff Flake, R-Ariz., finally landed a spot on the House Appropriations Committee last fall. That's because few others wanted the job — he jokes to Guy Raz, host of weekends on All Things Considered.
Tunisians are voting Sunday in the country's first free and democratic election. The small North African nation was the first to overthrow its dictator last January in a popular movement that soon spread to other authoritarian Arab nations.
Now, analysts say what happens in Tunisia will be key to whether democracy is to take root across the rest of the Arab world.
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It's an historic day in Libya. The country's new leaders are set to declare their country liberated. An interim government will soon be sworn in and Libyans are hoping to have elections in eight months. But the road ahead won't be easy. In Misrata, Moammar Gadhafi's body has been left on display. Libyans who went to see his corpse yesterday had their own thoughts on what lies ahead and what the former dictator's death means to them.
Moammar Gadhafi styled himself as Africa's king of kings and long pursued his grand plan to unite the continent under his rule. NPR's Ofeibea Quist-Arcton reports on how his brutal end is resonating in Sub-Saharan Africa.
Democratic Rep. Chris Van Hollen of Maryland is a member of the Joint Select Committee on Deficit Reduction, otherwise known as the supercommittee. The group is working on a plan to reduce the deficit by $1.2 trillion over the next 10 years. Host Audie Cornish gets an update from Van Hollen, who played a major role in Vice President Joe Biden's debt talks earlier this year.