Politics

9:00pm

Fri January 10, 2014
The Two-Way

Former Reagan White House Spokesman Larry Speakes Dies

Larry Speakes, left, and President Ronald Reagan in a 1984 appearance on the White House South Lawn.
Ira Schwarz AP

Larry Speaks, who became the White House spokesman after President Ronald Reagan and Press Secretary James Brady were shot in a 1981 assassination attempt, died Friday. He was 74.

Speakes, who had Alzheimer's disease, died at his home in Cleveland, Miss.

The New York Times reports:

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6:27pm

Fri January 10, 2014
It's All Politics

Will Bad Jobless Data Spur Action On Unemployment Insurance?

Senate Majority Leader Harry Reid, D-Nev., cited the bad December jobless numbers as a reason Congress should extend federal unemployment insurance.
J. Scott Applewhite AP

Just as the Senate seemed to descend into another round of partisan gridlock, this time over extending emergency jobless benefits, the arrival of a surprisingly weak December jobs report raised the pressure on Congress to act.

The question is whether news that the economy created a mere 74,000 jobs last month — far fewer than the 200,000 forecasters predicted — delivered enough of a jolt to Capitol Hill, where what seemed like bipartisan progress on the issue early in the week had reverted to partisan nastiness.

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5:28pm

Fri January 10, 2014
The Two-Way

N.J. Bridge Scandal: New Emails And Documents Are Released

Newly released documents depict officials discussing the controversial September closure of several lanes leading to the George Washington Bridge from Fort Lee, N.J. Here, the New Jersey side of the bridge, which leads to New York City, is seen Thursday.
Andrew Burton Getty Images

A New Jersey State Assembly committee released a trove of documents Friday that shed more light on the bridge lane-closure scandal that is embroiling Republican Gov. Chris Christie's administration. The panel is seeking details on what's seen as an act of political retribution, which targeted the Democratic mayor of Fort Lee, N.J. It obtained the documents under a subpoena.

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4:09pm

Fri January 10, 2014
Politics

Minimum Wage Fight Takes Shape Across The Map

Originally published on Fri January 10, 2014 6:19 pm

Trish Gallagher holds a sign for passing motorists to read during a demonstration in support of a higher minimum wage near a Burger King in Boston on Dec. 5. Massachusetts is one of several states considering a minimum wage ballot measure.
BRIAN SNYDER Reuters/Landov

You never know where you might find a volunteer with a clipboard looking for signatures trying to get a voter referendum on the local ballot – like Ed Flanagan in the town of North Pole, Alaska.

"I'm out in what's called the North Pole transfer station. This facility has about 50 metal dumpsters arranged in a fenced area. Folks back up and throw their household trash in there. This is a very busy place," he says.

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4:09pm

Fri January 10, 2014
Planet Money

How A Community Bank Tripped On Footnote 1,861 Of The Volcker Rule

Originally published on Fri January 17, 2014 11:05 am

When people talk about the Volcker Rule, they often mention JPMorgan Chase, the giant bank where a trader recently made a bad bet that lost $6 billion. The Volcker Rule is supposed to put an end to that sort of thing, by prohibiting banks from trading with their own money.

But some banks that are very, very different from JPMorgan Chase are struggling with an obscure provision in the rule. Specifically, footnote 1,861, which bars banks from investing in something called trust-preferred securities — a rather obscure investment favored by lots of small, community banks invest

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