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4:08am

Fri November 16, 2012
National Security

Petraeus To Testify At Closed Congressional Hearings

Originally published on Fri November 16, 2012 9:36 am

Transcript

STEVE INSKEEP, HOST:

It's MORNING EDITION, from NPR News. I'm Steve Inskeep.

LINDA WERTHEIMER, HOST:

And I'm Linda Wertheimer. Former CIA Director David Petraeus is testifying before two congressional committees today. He's been called to discuss the CIA's role in the attack at the U.S. Consulate in Benghazi, back in September; an attack that took the lives of four Americans, including Ambassador Christopher Stevens. This also happens to be General Petraeus' first public appearance on Capitol Hill since he resigned over an extramarital affair.

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3:47am

Fri November 16, 2012
Economy

U.S. Mayors Concerned About Fiscal Cliff Cuts

Originally published on Fri November 16, 2012 5:49 am

The two biggest fears of the fiscal cliff are defense cuts and tax hikes. The nation's mayors say the devastating effects of automatic cuts reach further than the Defense Department — right into their own cities. Steve Inskeep talks to the Democratic Mayor of Charleston, S.C., Jospeh Riley and Republican Mayor Scott Smith of Mesa, Ariz., about the impact sequestration could have in their cities.

3:47am

Fri November 16, 2012
Economy

Everyone 'Has To Participate' To Avoid Fiscal Cliff

Originally published on Fri November 16, 2012 4:26 am

Transcript

STEVE INSKEEP, HOST:

Listen carefully to both President Obama and Republican leaders, and you hear hints of room for compromise. They're talking of taxes and spending as a deadline approaches, December 31st, when higher taxes and spending cuts would take effect. That would reduce the federal deficit, but also damage the economy, according to forecasters.

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3:47am

Fri November 16, 2012
Around the Nation

Obama Promises To Follow Through With Sandy Rebuilding

Originally published on Fri November 16, 2012 5:10 am

Transcript

STEVE INSKEEP, HOST:

President Obama returned yesterday to the scene of Hurricane Sandy's devastation; this time, visiting hard-hit areas of New York. He promised to stick with residents until the rebuilding effort is complete. Here's NPR national political correspondent Mara Liasson.

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3:47am

Fri November 16, 2012
Business

Federal Housing Administration To Run Out Of Funds

Originally published on Fri November 16, 2012 4:17 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with more mortgage problems.

(SOUNDBITE OF MUSIC)

INSKEEP: Independent auditors released a report this morning, showing that the Federal Housing Administration is facing a shortfall from losses on the mortgages it insures. The Obama administration says it's going to take steps to prevent a taxpayer bailout.

As NPR's Ailsa Chang reports, the FHA has been struggling since the foreclosure crisis hit four years ago.

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