Business and Economy

News
3:01 pm
Tue April 1, 2014

American-Made, Haven-Kept? Congress Looks At Caterpillar's Tax Returns

Originally published on Tue April 1, 2014 6:58 pm

Caterpillar executives are on Capitol Hill answering questions about the company's tax returns. Caterpillar is accused of shifting money abroad to avoid billions in taxes. Company officials say Caterpillar has followed the law.

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Transcript

Read more
Health Care
3:01 pm
Tue April 1, 2014

Beyond The Fog Of Spin And Doubt: What Has ACA Achieved?

Originally published on Tue April 1, 2014 6:58 pm

Transcript

MELISSA BLOCK, HOST:

This is ALL THINGS CONSIDERED from NPR News. I'm Melissa Block in Dallas.

ROBERT SIEGEL, HOST:

And I'm Robert Siegel in Washington, where President Obama cheered the Affordable Care Act today.

PRESIDENT BARACK OBAMA: Despite several lost weeks out of the gate because of problems with the website, 7.1 million Americans have now signed up for private insurance plans through these marketplaces.

(SOUNDBITE OF CHEERING)

Read more
Law
3:01 pm
Tue April 1, 2014

Mother Of Earliest Auto Defect Victim Calls On Congress To Act

Originally published on Tue April 1, 2014 6:58 pm

Transcript

ROBERT SIEGEL, HOST:

The earliest of the 13 deaths attributed to the faulty ignition switch and acknowledged by GM was in 2005. Amber Marie Rose was 16 years old. One year earlier, she had been reunited with her birth mother, Laura Christian, who had given her up for adoption as an infant. Her adoptive parents sued GM and the automaker settled. Miss Christian, though, has been speaking for the family and joins us. Welcome to the program.

LAURA CHRISTIAN: Thank you.

Read more
News
3:01 pm
Tue April 1, 2014

GM Ignition Switch Controversy Comes To Capitol Hill

Originally published on Tue April 1, 2014 6:58 pm

General Motors CEO Mary T. Barra testified on Capitol Hill Tuesday, speaking before a House panel that is investigating how the company handled problems with its vehicles' ignition switch.

The Two-Way
2:59 pm
Tue April 1, 2014

Senate Democrats Say Caterpillar Avoided $2.4 Billion In Taxes

Caterpillar Inc Vice President for Finance Services Julie Lagacy is flanked by former Senior International Tax Manager Rodney Perkins (left) and Chief Tax Officer Robin Beran (right) as they are sworn in to testify on Tuesday.
Jonathan Ernst Reuters/Landov

Originally published on Tue April 1, 2014 3:31 pm

At a Senate committee hearing on Tuesday, senior officials of Peoria, Ill.-based Caterpillar Inc. defended the company against accusations that it had used an affiliate in Switzerland to avoided paying some $2.4 billion in taxes over a 12-year period.

"Americans pay the taxes they owe and not more. And, as an American company, we pay the taxes we owe, not more," Julie Lagacy, vice president of financial services at Caterpillar, told a Senate panel on Tuesday.

Read more
It's All Politics
2:33 pm
Tue April 1, 2014

Conservative Media Watchdog: Univision, Telemundo Favor Liberals

President Obama participates in a 2012 town hall hosted by Univision with news anchors Jorge Ramos and Maria Elena Salinas. A conservative media watchdog group says the Spanish-speaking network is biased in favor of Obama and liberals.
Carolyn Kaster AP

Originally published on Tue April 1, 2014 5:28 pm

The nation's increasingly powerful Spanish-language television networks show a distinct liberal bias in covering domestic news, a conservative media watchdog group asserted Tuesday.

The Media Research Center says that its four-month analysis of weekday evening newscasts aired on Univision and Telemundo showed that the networks' domestic coverage was "dominated by partisans" from the left.

Read more
The Two-Way
12:39 pm
Tue April 1, 2014

GM CEO Barra Is Grilled Over Handling Of Ignition Switch Defect

As members of Congress prepared to hear testimony from GM's CEO Tuesday, Ken and Jayne Rimer, whose daughter, Natasha Weigel, died in the crash of a 2005 Chevy Cobalt, spoke at a news conference held by family members of deceased drivers.
Jim Watson AFP/Getty Images

Originally published on Tue April 1, 2014 5:15 pm

In a hearing before the House Oversight and Investigations panel, GM CEO Mary Barra and National Highway Traffic Safety Administration Acting Administrator David Friedman testify Tuesday on concerns surrounding GM's recall of a faulty ignition switch that's been linked to more than a dozen deaths.

Read more
Author Interviews
12:28 pm
Tue April 1, 2014

On A 'Rigged' Wall Street, Milliseconds Make All The Difference

Originally published on Wed April 2, 2014 1:01 pm

"The stock market is rigged," Michael Lewis tells Fresh Air's Terry Gross. "It's rigged for the benefit for really a handful of insiders. It's rigged to ... maximize the take of Wall Street, of banks, the exchanges and the high-frequency traders at the expense of ordinary investors."

Read more
Business
7:02 am
Tue April 1, 2014

Rearview Cameras To Be Mandatory In New Vehicles By 2018

Originally published on Tue April 1, 2014 7:23 am

The Transportation Department says the cameras will be required in all vehicles under 10,000 pounds.

Business
5:13 am
Tue April 1, 2014

Big Thinkers Discuss How To Prevent Next Financial Crisis

Originally published on Tue April 1, 2014 7:23 am

Transcript

STEVE INSKEEP, HOST:

People who think big thoughts about the financial system gathered in Boston yesterday. They were asking how to prevent the next financial crisis.

NPR's Chris Arnold reports.

CHRIS ARNOLD, BYLINE: Speaking to a room full of bankers and regulators, former Senator Chris Dodd took people back to a moment in 2008. Lehman Brothers had just collapsed and he was called into a small emergency meeting with other top lawmakers and Fed Chair Ben Bernanke.

Read more

Pages