NPR News

Transcript

STEVE INSKEEP, HOST:

Transcript

LINDA WERTHEIMER, HOST:

Good morning. I'm Linda Wertheimer. A Japanese spa resort made quite a splash yesterday in a pool spiked with Beaujolais Nouveau, the first vintage of the season from the famous French wine region. The fresh and fruity drink was released yesterday. The spa near Mt. Fuji celebrated with wine in glasses, as well: sips and dips for spa customers. The spa also promised beautiful, smooth skin. It's MORNING EDITION. Transcript provided by NPR, Copyright National Public Radio.

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with more mortgage problems.

(SOUNDBITE OF MUSIC)

INSKEEP: Independent auditors released a report this morning, showing that the Federal Housing Administration is facing a shortfall from losses on the mortgages it insures. The Obama administration says it's going to take steps to prevent a taxpayer bailout.

As NPR's Ailsa Chang reports, the FHA has been struggling since the foreclosure crisis hit four years ago.

Transcript

STEVE INSKEEP, HOST:

It's MORNING EDITION, from NPR News. I'm Steve Inskeep.

LINDA WERTHEIMER, HOST:

And I'm Linda Wertheimer.

Jordan's monarchy has largely dodged the waves of unrest that began with the Arab Spring. But this week, angry protestors flooded the streets after the king announced gas hikes to cover deficits caused by declining aid from Persian Gulf states. For the first time, there are cries to oust the king.