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5:22 pm
Wed July 17, 2013

Congress Debates Taking A Step Back From The Mortgage Market

The government took over mortgage giants Fannie Mae (seen in 2010) and Freddie Mac in 2008, during the worst of the housing crisis.
Win McNamee Getty Images

Originally published on Wed July 17, 2013 7:11 pm

The mortgage giants Fannie Mae and Freddie Mac got hit so hard by the housing crisis that they required a massive federal rescue. Now lawmakers are looking to scale back the two entities' role — and the government's — in the mortgage market.

The Senate Banking Committee is expected to vote Thursday on President Obama's nominee to head the agency that oversees Fannie and Freddie.

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Planet Money
4:59 pm
Wed July 17, 2013

The 'Ask Your Uncle' Approach To Economics

The Federal Reserve, home of the Beige Book.
Karen Bleier AFP/Getty Images

Originally published on Wed July 17, 2013 7:11 pm

The Beige Book is weird. It's an economic report released by the Federal Reserve every few months, but it doesn't have many numbers in it. Mostly, it's a bunch of stories gathered by talking to businesses around the country. A Fed economist once described it as the "Ask Your Uncle" approach to figuring out what's going on in the economy.

In the Beige Book released today, for example, we learned that:

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The Two-Way
4:28 pm
Wed July 17, 2013

'We're Here To Stay' Says Newly Confirmed Consumer Watchdog

Richard Cordray, director of the Consumer Financial Protection Bureau.
Ron Sachs/pool Getty Images

Originally published on Wed July 17, 2013 7:11 pm

One day after his two years in limbo ended and he was confirmed by the Senate as head of the Consumer Financial Protection Bureau, Richard Cordray told NPR that though political bickering held up his nomination he now believes he has bipartisan support for the bureau's work.

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Economy
4:09 pm
Wed July 17, 2013

Bernanke Gives Economic Road Map With Uncertain Timeline

Originally published on Wed July 17, 2013 7:11 pm

Transcript

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You're listening to ALL THINGS CONSIDERED from NPR News.

One month ago, Federal Reserve Chairman Ben Bernanke introduced the idea of winding down the Fed's massive stimulus programs. On that announcement, the markets tanked. Today, Bernanke said pretty much the same thing. But this time, the markets yawned.

As NPR's John Ydstie explains, the Fed chairman appears to have finally found the formula to ease Wall Street's concerns.

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The Two-Way
3:57 pm
Wed July 17, 2013

Rolling Stone's Tsarnaev Cover: What's Stirring Such Passion?

Rolling Stone's latest cover.
Rolling Stone

Originally published on Thu November 14, 2013 10:42 am

(Click here to see an excerpt from the Rolling Stone story.)

Even before it hit newsstands, Rolling Stone's latest cover caused controversy: It features a full-page photograph of alleged Boston bomber Dzhokhar Tsarnaev sulking, his curly hair messily tossed in front of his eyes.

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