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President Obama plans to announce three Cabinet-level nominations Monday, including a new administrator for the Environmental Protection Agency, who could be on the hot seat in the looming battle over global warming.

Gina McCarthy, currently an assistant administrator in the wing of the EPA that regulates air pollution, is the president's pick to head the EPA.

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The housing market is recovering in much of the country, not so much in Idaho. Home prices dropped by 46 percent in the Boise area during the financial crises. Forty-six percent. Today's business bottom line takes us to the home of a family that rode out the crash and are still waiting for better times. Here's Molly Messick of Boise State Public Radio.

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

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And I'm Steve Inskeep. Good morning.

President Obama spent part of the weekend reaching out to members of Congress. He's still looking for some alternative to the budget cuts that he ordered on Friday. A federal law required the automatic spending cuts and they went into effect, despite widespread agreement that the manner of the cuts was not very bright.

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And today's last word in business is: drunken treasure.

Some wine connoisseurs say that wine recovered from shipwrecks has a unique taste. Could be sheer age but it might be something else about the aging process at the bottom of the ocean.

JIM DYKE: The ocean providing a sort of constant motion to the wine as it sits on the bottom, pressure is different, lack of light, temperature.

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Kenya votes for a new president today for the first time in five years. It's an important election, in part because the country is still haunted by the ethnic violence that bloodied the last presidential election in 2007. More than 1,200 people were killed and the violence only ended after the international community stepped in. NPR's Gregory Warner is out visiting polling stations and talking to people in Nairobi. He joins us to talk about the election. Good morning, Greg.

GREGORY WARNER, BYLINE: Good morning, Renee.