Saying it is concerned that the economy won't be strong enough in coming months to keep adding jobs to the labor market, the Federal Reserve announced this afternoon that is increasing its efforts to give the economy a boost.
And in an unusually specific statement from the central bank, its policymakers said they expect to keep a key short-term interest rate at or near zero percent "as long as the unemployment rate remains above 6.5 percent."
It's ALL THINGS CONSIDERED from NPR News. I'm Audie Cornish.
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And I'm Robert Siegel.
Late today a federal bankruptcy judge gave the nod to a Chinese firm to buy a Massachusetts technology company. A123 Systems makes batteries for electric cars, but some in Congress are fighting to block the deal. Curt Nickisch reports from member station WBUR in Boston.
Originally published on Wed December 12, 2012 11:12 am
India's government has approved an inquiry into Wal-Mart's lobbying activities in the U.S. as a heated debate over the retail giant's plans for stores in India moves into a new phase, NPR's Julie McCarthy tells us from New Delhi.
It's been one of those weeks that makes you not want to open the paper, not want to turn on the news. A young woman with a child in her arms was killed by the father of that child, who then flees and goes on to take his own life.
You might think I am talking about the Kansas City Chief's Jovan Belcher, who shot his girlfriend and his baby's mother, Kasandra Perkins, to death and then drove to the team's practice facility, where he took his own life. But incredibly, I'm not.