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12:17 am
Tue December 11, 2012

Detroit Tries To Stave Off State Takeover Of Finances

Detroit Mayor Dave Bing delivers his State of the City address on March 7. If Bing and the City Council can't agree on a plan to reduce the city's budget deficit, state officials are poised to take away their power over Detroit's finances.
Carlos Osorio AP

Originally published on Tue December 11, 2012 7:55 am

Detroit officials face a tough vote Tuesday as they try to keep their city from going over its own "fiscal cliff." If the mayor and City Council cannot agree on a plan to reduce the city's budget deficit, state officials are poised to take away their power and assume total control over Detroit's finances.

It's been a continuing vicious cycle: Detroit's population exodus, lost tax revenue and chronic mismanagement have left the city burning through cash to the point where the state of Michigan has to provide funding to help the city meet payroll for the next few months.

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World
12:16 am
Tue December 11, 2012

Russian Scandal Hints At Larger Political Battle

Russian President Vladimir Putin and former Defense Minister Anatoly Serdyukov, who was recently fired, review military officers on Moscow's Red Square in May. Putin's decision to sack Serdyukov has touched off widespread speculation on the motive.
Alexei Druzhinin AP

Originally published on Tue December 18, 2012 7:33 am

Russia is in the middle of a blazing tabloid-style scandal that features a bejeweled blonde, a luxury love nest, and an alleged scam worth more than $200 million.

But that's not where some Kremlin watchers are putting their attention. They see the scandal as just the visible fallout from a vicious backroom fight among Russia's ruling elite.

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Business
5:35 pm
Mon December 10, 2012

HSBC Reaches $1.9B Deal Over Money Laundering

Originally published on Mon December 10, 2012 5:44 pm

HSBC bank has reached a record $1.9 billion settlement with federal and state authorities over money laundering. All Things Considered host Robert Siegel talks to NPR's Jim Zarroli.

The Two-Way
3:09 pm
Mon December 10, 2012

U.S. To Add Syrian Rebel Group To Terror List

The U.S. is adding a Syrian rebel group to its list of foreign terrorist organizations, a move meant to marginalize extremists who are among the groups working to oust President Bashar Assad.

NPR's Michele Kelemen reported on the move to add Jabhat al-Nusra to the list. Here's what she told our Newscast unit:

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It's All Politics
2:55 pm
Mon December 10, 2012

DeMint And Heritage: Playing Off Each Other's Strengths

Sen. Jim DeMint, R-S.C., talks on the phone in his Capitol Hill office on Dec. 6, the day he announced he will resign from the Senate and lead the Heritage Foundation.
Alex Wong Getty Images

Originally published on Mon December 10, 2012 5:44 pm

Sen. Jim DeMint, R-S.C., shocked Washington last week when he announced that he will quit the Senate to become president of a think tank. But as the barriers crumble between policy research and partisan advocacy, the building blocks are there for DeMint and the conservative Heritage Foundation to build a powerful operation with political clout.

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