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3:56 am
Fri December 21, 2012

Business News

Originally published on Fri December 21, 2012 10:16 am

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STEVE INSKEEP, HOST:

NPR's business news starts with hard time for another Madoff.

(SOUNDBITE OF MUSIC)

Europe
3:56 am
Fri December 21, 2012

Moscovites Window-Shop At GUMs For Holiday Ideas

Originally published on Fri December 21, 2012 10:16 am

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DAVID GREENE, HOST:

This is MORNING EDITION, from NPR News. Good morning. I'm David Greene.

STEVE INSKEEP, HOST:

And I'm Steve Inskeep.

If you ever wished the Christmas season could go on for an extra week or two, here's a suggestion: visit Russia, where the Christmas tradition is a little different than in the United States and is celebrated on a different calendar. Of course, a quick flight to Moscow is not convenient for everybody, so NPR's Corey Flintoff did it for us.

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Politics
3:56 am
Fri December 21, 2012

Plug Pulled On 'Plan B,' House Breaks For Christmas

House Speaker John Boehner pauses during a news conference Thursday. House GOP leaders abruptly canceled a vote on his measure after they failed to round up enough votes for it to pass.
Jacquelyn Martin AP

Originally published on Fri December 21, 2012 10:16 am

House Speaker John Boehner was dealt a major defeat Thursday night. After spending most of the week trying to round up votes for his "Plan B" to extend tax cuts for virtually everyone, he pulled the measure without a vote and sent the House home for Christmas. The clock keeps ticking toward the end of the year, when automatic tax increases and spending cuts are set to hit.

Early Thursday, Boehner expressed confidence not only that his bill would pass but that the Democratic-controlled Senate would feel so much pressure, it would be forced to consider it, too.

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Around the Nation
3:56 am
Fri December 21, 2012

Long Island Power Authority Faces Commission

Originally published on Fri December 21, 2012 10:16 am

Transcript

DAVID GREENE, HOST:

The Long Island Power Authority is finally answering questions about its performance after Hurricane Sandy. LIPA, as it's known, is supposed to provide power to New York City's eastern suburbs, but needed weeks to restore power after the storm. Elected officials blasted the utility and executives have now answered questions from state investigators. Charles Lane of member station WSHU reports on what investigators think of the answers.

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Business
3:56 am
Fri December 21, 2012

Home Mortgage Deduction Is A Big Tax Break

Originally published on Fri December 21, 2012 10:16 am

Transcript

STEVE INSKEEP, HOST:

Our regular listeners know by now we've been spending part of this holiday season exploring the tax code. So much of that code is up for debate as fiscal negotiations stagger forward, so we're learning what the rules are in our 12 Days of Tax Deductions.

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DAVID GREENE, HOST:

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