The bipartisan supercommittee enters the final weekend prior to its Nov. 23 deadline with little tangible progress to show for over two months of work. NPR's Andrea Seabrook tells guest host Linda Wertheimer that several of its members are huddling in Washington this weekend, trying to come up with a way to reduce the government's budget deficit.
It's a politics-filled Saturday as Republicans hold a presidential candidate forum and the Democrats have their Jefferson-Jackson Dinner in Des Moines, Iowa. This year's dinner features Chicago Mayor Rahm Emanuel as the keynote speaker; four years ago the dinner launched then-Sen. Barack Obama's presidential candidacy into high gear. Guest host Linda Wertheimer talks with NPR's Don Gonyea about the events.
Italy and Greece, two European countries mired in debt, are pinning their hopes on technocrats. It got us wondering, what exactly is a technocrat? For some answers, we first turned to former technocrat Ricardo Hausmann. He's an economist by trade and currently teaches at Harvard. But for a brief moment, starting in 1992...
RICARDO HAUSMANN: I was a, yeah, I was a minister of planning in the government of Venezuela.
WERTHEIMER: Hausmann left the post the following year. Politics, he says, has never been his calling.
Europe's economy, the world's largest, is in the midst of economic turmoil. A growing debt crisis has already forced the resignations of Greek Prime Minister George Papandreou as well as Italian Premier Silvio Berlusconi. And forecasts from the European Union suggest the 17-nation Eurozone could be facing possible recession next year. Some analysts are considering the possible collapse of the Eurozone. The Institute for Policy Studies recently published an article titled "Is Europe Over?"
WERTHEIMER: An upset in college football, Iowa State upset number two-ranked Oklahoma State in double overtime. That's a major shuffle for the BCS. And the NBA appears to have reached a stalemate. But some say NBA owners and players may have another go at reaching an agreement.
Joining us from member station WFCR in Amherst, Massachusetts is Howard Bryant, senior writer for ESPN.com and ESPN The Magazine.
In the crowded race for the 2012 Republican presidential nomination, Mitt Romney may be the tortoise, but Newt Gingrich is the newt. And newts are highly adaptive salamanders that regenerate limbs when wounded and emit poison when challenged.
Conventional — and up-to-the-minute contemporary — wisdom pegs Gingrich as the ascendant favorite, knocking other candidates off their posts and platforms like an Angry Bird.
The congressional supercommittee has only a few days left to come up with a plan to cut $1.2 trillion from the federal deficit. One of the areas on the chopping block is the nation's defense budget, and Pentagon officials are pushing back against any cuts beyond the $450 billion they've already been asked to make.
The defense budget is an easy target when it comes to cutting the deficit, because it makes up half of the federal government's entire discretionary budget, says Todd Harrison, a senior fellow at the Center for Strategic and Budgetary Assessments.