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President Obama ordered across-the-board federal spending cuts on Friday night. The $85 billion in cuts are spread across much of the government. The president and many Republicans have called the cuts unwise. But Congress passed them and the president signed them in 2011, and in recent days, they did not agree on a plan to revise or replace them.

We turn to David Wessel to find out what happens now. He is economics editor of The Wall Street Journal. David, welcome back.

DAVID WESSEL: Good morning.

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Residents of Detroit are absorbing the message sent by Michigan's governor. Rick Snyder swept aside the city's elected officials. He's using his power to appoint an emergency manager to take over city finances. Residents are deeply divided about this move, as we hear from Michigan Radio's Sarah Cwiek.

UNIDENTIFIED WOMAN: Nobody had a comment in regards to the lighting problem?

The College of Cardinals is holding its first official meetings at the Vatican on Monday. The top agenda item is choosing which day to start the closed-door conclave that will elect the new pope. With no clear front-runner, the conclave outcome is unpredictable.

The papal resignation has put the cardinals in an unprecedented situation in modern history.

"The real mood is of shock and disappointment — this resignation desacralized the figure of the pope," says Massimo Franco, author of several books about the Vatican. He says a pope cannot be treated like a company CEO.

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NPR's business news starts with ExxonMobil's defense.

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RENEE MONTAGNE, HOST:

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.

RENEE MONTAGNE, HOST:

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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.

About 69 percent of American adults are overweight or obese, and more than four in five people say they are worried about obesity as a public health problem.

But a recent poll conducted by NPR, the Robert Wood Johnson Foundation and the Harvard School of Public Health revealed a curious schism in our national attitudes toward obesity: Only one in five kids had a parent who feared the boy or girl would grow up to be overweight as an adult.