90.9 WBUR - Boston's NPR news station
Top Stories:
PLEDGE NOW
The Nuts And Bolts Of The Debt Deal

Jacki Lyden in for Tom Ashbrook

Sifting through the details . What does it mean for the American way of life?

Speaker of the House John Boehner, R-Ohio, left, and Senate Republican leader Mitch McConnell of Kentucky, right, appear at a news conference about the debt crisis. (AP)

Speaker of the House John Boehner, R-Ohio, left, and Senate Republican leader Mitch McConnell of Kentucky, right, appear at a news conference about the debt crisis. (AP)

A debt deal is delivered, default averted, and the rhetoric may get dialed back. A bit.

Unpacking the deal after the political mash up in Washington is akin to being on a treasure hunt for pennies. The tight restrictions and eliminations placed on an anemic economy are, by many predictors, going to make life harder— but for whom?

$2.4 trillion in cuts — a down payment on the debt– could mean recession for the Average Joe and Jane. The Super Committee of 12 legislators being set up has an unclear amount of authority.

This hour On Point: the way forward.

-Jacki Lyden

Guests:

Major Garrett, congressional correspondent for National Journal.

Steve Bell, senior director of the Economic Policy Project at the Bipartisan Policy Center.

Dean Baker, co-director of the Center for Economic and Policy Research in Washington, DC.

From The Reading List:

  • ABC News: “While the United States may avert a default on its sovereign debt, the actual deal has yet to be approved and the spending cuts in the deficit reduction proposal are yet to be determined. The Congressional Budget Office said the tentative agreement, which the House approved Monday night, could cut $1.2 trillion over 10 years from the federal budget. “
  • Please follow our community rules when engaging in comment discussion on this site.
    ONPOINT
    TODAY
    Jan 30, 2015
    Attorney General nominee Loretta Lynch gathers her papers during a break in her testimony on Capitol Hill in Washington, Wednesday, Jan. 28, 2015, before the Senate Judiciary Committee’s hearing on her nomination. (AP)

    Obama abroad. Hostage drama. Attorney general hearings. Snow days. Our weekly news roundtable goes behind the headlines.

    Jan 30, 2015
    In the new film "American Sniper," Bradley Cooper plays real-life US Navy Seal Chris Kyle, who was the deadliest marksman in American history. (Courtesy Warner Bros. Pictures)

    “American Sniper.” Clint Eastwood and Bradley Cooper’s war film keeps crushing at the box office and stirring more controversy. We’ll go to it.

    RECENT
    SHOWS
    Jan 29, 2015
    This Tuesday, Dec. 30, 2014 a street side memorial with a painted portrait of Ezell Ford near where he was shot when police confronted him on Aug. 11, 2014, on a street near his home in South Los Angeles. (AP)

    The author of “Ghettoside” takes us deep into murder and law enforcement in minority neighborhoods. We want your story.

     
    Jan 29, 2015
    Mike Johnson, a sales manager at a local Honda car dealership, walks past a row of Honda CRV SUVs Tuesday, Dec. 2, 2014, in Tempe, Ariz.  (AP)

    Is it the next subprime scandal? Banking giants piling into high-interest auto loans for the poor. We’ll investigate.

    On Point Blog
    On Point Blog
    Our Week In The Web: January 23, 2015
    Friday, Jan 23, 2015

    New thoughts on Facebook, new analysis of State of the Union twitter activity and new weekend excitement. New! And exciting!

    More »
    Comment
     
    Meet On Point’s Interns: Spring 2015
    Friday, Jan 23, 2015

    Good news! We have interns, and they are wonderful, and here they are for the spring term. Meet them digitally, right here.

    More »
    2 Comments
     
    Caller To Author Ron Rash: ‘You Cared About People Like Me’
    Thursday, Jan 22, 2015

    An unexpected caller from South Carolina brings back guest Ron Rash’s years as a community college professor in a movingly real way.

    More »
    1 Comment