ECONOMY

People read newspaper headlines in Athens. In 2009, there were 39 national dailies, 23 national Sunday papers, 14 national weekly papers and dozens of TV and radio stations for a population of 11 million.

Greece's Economic Crisis Reveals Fault Lines In The Media

7:05pm February 18, 2013

by Sylvia Poggioli

A system of favors among Greek media outlets, politicians and banks helped produce one of the most inflated media sectors in Europe. But the media have been hit hard by the country's massive austerity drive, and have taken a huge loss in terms of credibility.

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In Kansas, A 'Glide Path' To No Income Taxes. Will It Work?

9:47am February 15, 2013

by Frank Morris

Gov. Sam Brownback plans to get rid of Kansas' income tax and cut the size of state government. Some lawmakers say it's a great experiment that will show that lower tax rates and streamlined bureaucracy can stimulate growth; others are concerned about overreaching.

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Automatic Budget Cuts Near As Democrats, GOP Stand Firm

8:39am February 15, 2013

by Mara Liasson

It looks like the across the board spending cuts that were never supposed to happen are going to — at least for a while. It's another sign of Washington's dysfunction.

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Effects Of Automatic Spending Cuts Become Clearer

8:39am February 15, 2013

by Brian Naylor

The clock is ticking on the sequester. That's the Washington term for the across the board spending cuts that will take effect March 1st unless Congress acts to put them off.

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Lew Expected To Be Confirmed As Treasury Secretary

3:05am February 15, 2013

by John Ydstie

President Obama's nominee for Treasury Secretary Jack went before the Senate Finance Committee Wednesday. Lew appears headed toward confirmation by the full Senate. But he did get some pointed questions from Republicans about his stint as an executive at Citigroup.

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Obama Tries To Move Spotlight Off Deficit Reduction

3:05am February 15, 2013

by Scott Horsley

Preschool is just one example of the ways in which President Obama says government can play a constructive role in the economy. He's trying to reorient the debate in Washington from deficit reduction alone to wise investment.

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Taxpayers Steaming Over Florida Nuclear Plant's Shuttering

7:15pm February 14, 2013

by Greg Allen

The Crystal River nuclear plant was a driver of commercial life in rural Citrus County, Fla. The power company's decision to close the troubled plant will leave taxpayers and ratepayers on the hook for up to several billion dollars and has residents worried about their region's future.

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John David, 73, teaches fitness classes to help older people stay healthy and fit. Here he teaches an hourlong class at the 92nd Street Y in New York City.

For One Senior, Working Past Retirement Age Is A Workout

8:29pm February 13, 2013

by Ina Jaffe

John David, 73, is one of the many faces of a growing group of Americans: seniors who work. The former TV producer switched careers in his 50s, becoming a fitness instructor. "This turned out to be the real calling," he says.

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Treasury Nominee's Citigroup Experience Raises Questions For Some

9:02am February 12, 2013

by Ailsa Chang

Jack Lew is known as a smart, unassuming budget wonk who has spent most of his career in government policy-making jobs. Lew, President Obama's nominee to be Treasury secretary, is expected to face questions about his management years at Citigroup before the government bailed out the banking giant.

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Gas, Oil Booms Bring Complications To Small Towns

3:39pm February 11, 2013

The discovery of oil and natural gas in Wyoming, Colorado and North Dakota has created a new generation of boomtowns. The explosive growth generated by the oil and gas drilling is often accompanied by an influx of new labor. The small towns near the fields wrestle to balance the economic advantages of the boom with the dramatic changes it brings to these tight-knit communities.

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