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Economy
4:16 am
Mon March 4, 2013

Sequestration Cuts Will Build Slowly

Originally published on Mon March 4, 2013 12:02 pm

Transcript

STEVE INSKEEP, HOST:

President Obama ordered across-the-board federal spending cuts on Friday night. The $85 billion in cuts are spread across much of the government. The president and many Republicans have called the cuts unwise. But Congress passed them and the president signed them in 2011, and in recent days, they did not agree on a plan to revise or replace them.

We turn to David Wessel to find out what happens now. He is economics editor of The Wall Street Journal. David, welcome back.

DAVID WESSEL: Good morning.

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Religion
4:01 am
Mon March 4, 2013

Cardinals At Odds Over When To Begin Choosing Next Pope

Originally published on Mon March 4, 2013 12:02 pm

The College of Cardinals is holding its first official meetings at the Vatican on Monday. The top agenda item is choosing which day to start the closed-door conclave that will elect the new pope. With no clear front-runner, the conclave outcome is unpredictable.

The papal resignation has put the cardinals in an unprecedented situation in modern history.

"The real mood is of shock and disappointment — this resignation desacralized the figure of the pope," says Massimo Franco, author of several books about the Vatican. He says a pope cannot be treated like a company CEO.

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Business
4:01 am
Mon March 4, 2013

Business News

Originally published on Mon March 4, 2013 12:02 pm

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with ExxonMobil's defense.

Around the Nation
4:01 am
Mon March 4, 2013

Will Emergency Manager Help Or Hurt Detroit?

Originally published on Mon March 4, 2013 12:02 pm

Transcript

STEVE INSKEEP, HOST:

Residents of Detroit are absorbing the message sent by Michigan's governor. Rick Snyder swept aside the city's elected officials. He's using his power to appoint an emergency manager to take over city finances. Residents are deeply divided about this move, as we hear from Michigan Radio's Sarah Cwiek.

UNIDENTIFIED WOMAN: Nobody had a comment in regards to the lighting problem?

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NPR Story
3:56 am
Mon March 4, 2013

Politics In The News

Originally published on Mon March 4, 2013 12:02 pm

Transcript

RENEE MONTAGNE, HOST:

This is MORNING EDITION from NPR News. I'm Renee Montagne.

STEVE INSKEEP, HOST:

And I'm Steve Inskeep. Good morning.

President Obama spent part of the weekend reaching out to members of Congress. He's still looking for some alternative to the budget cuts that he ordered on Friday. A federal law required the automatic spending cuts and they went into effect, despite widespread agreement that the manner of the cuts was not very bright.

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