Originally published on Tue November 6, 2012 7:02 am
Tuesday, as those who follow politics probably know, is Election Day. The battle between President Barack Obama and Republican challenger Mitt Romney has been contentious, expensive, personal, illuminating, ugly, frustrating, petty, enlightening and, above all, long. And it is expected to be close.
This week's Political Junkie column is an attempt to guide you to what's at stake on Tuesday, both in the contest for the White House as well as the 33 Senate and 435 House seats on the ballot.
NPR business news begins with television the day after tomorrow.
All those political ads on TV and radio, billions of dollars worth, are about to come to an end. Which, if you're a TV station, raises the question of what will take their place?
NPR's Wendy Kaufman reports.
WENDY KAUFMAN, BYLINE: This year, Political spending will reach an all-time high. The Center for Responsive Politics puts the figure at about six billion dollars. More than half of that has gone into TV ads for president and everything else.
Estimates of the economic cost of the storm damage caused by Hurricane Sandy along the East Coast, are as high as $50 billion. A lot of that is physical damage. Just under half of those losses, though, are from things people didn't, or couldn't, do during the storm; like eat in restaurants, go to the theater, or just work. Reporter Tracey Samuelson brings us this look at the blows Sandy has dealt a pair of small-business owners in New York City.