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5:12 am
Fri February 15, 2013

Effects Of Automatic Spending Cuts Become Clearer

Originally published on Fri February 15, 2013 7:39 am

Transcript

RENEE MONTAGNE, HOST:

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

LINDA WERTHEIMER, HOST:

And I'm Linda Wertheimer.

As we've been hearing, clock is ticking on the sequester. That is the Washington term for the across-the-board cuts that will take effect March 1, unless Congress acts to put them off.

The impact the $85 billion reduction in government programs could have became a bit clearer yesterday, as NPR's Brian Naylor reports.

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Politics
5:12 am
Fri February 15, 2013

Automatic Budget Cuts Near As Democrats, GOP Stand Firm

Originally published on Fri February 15, 2013 7:39 am

Transcript

LINDA WERTHEIMER, HOST:

It's MORNING EDITION from NPR News. I'm Linda Wertheimer.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne.

With Congress headed for a recess, prospects are dimming for a deal to keep the nation from falling off the next fiscal cliff - sequestration. That's the term for automatic spending cuts that go into effect March 1.

NPR's Mara Liasson explains how the White House and Congress got to this impasse and why it's so hard to get past it.

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Business
5:12 am
Fri February 15, 2013

The Last Word In Business

Originally published on Fri February 15, 2013 7:39 am

Transcript

LINDA WERTHEIMER, HOST:

Let's catch up on yesterday's $23 billion bid to buy H.J. Heinz Company. Warren Buffett is one of the investors. The Oracle of Omaha is famous for snatching up American staples, like ketchup.

RENEE MONTAGNE, HOST:

Lesser known is one of Buffet's partners in the acquisition - a Brazilian, equally found of American companies.

Today's last word in business is: another oracle?

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Business
5:12 am
Fri February 15, 2013

Carnival's Crippled Ship Expected To Hurt Cruise Business

Originally published on Fri February 15, 2013 7:40 am

This week's debacle on the Carnival Triumph is a setback that may cost the company as much as $80 million and hurt the industry's image. Carnival says passengers who were on the Triumph the last five days without power were miserable, but at least they were safe. Industry watchers say Carnival generally has handled the mishap well, but that the industry may need to rethink how it deal with events like power outages on floating cities than can carry more than 5,000 people.

Business
5:12 am
Fri February 15, 2013

How Will Proposed Merger Affect Airline Passengers?

Originally published on Fri February 15, 2013 7:39 am

Conventional wisdom says fewer airlines mean higher fares and fewer flights. But experts say the American Airlines-U.S. Airways proposed merger is a mixed bag. Past mergers haven't led to significantly higher fares, but will this time be different?

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