90.9 WBUR - Boston's NPR news station
Top Stories:
PLEDGE NOW
The Fiscal Cliff

Four more years.  Obama-Biden and a divided Congress.  We’ll look at challenge number one – the fiscal cliff, and what it will say about the road ahead.

A statue of former Treasury Secretary Albert Gallatin outside the Treasury Building in Washington. (AP)

A statue of former Treasury Secretary Albert Gallatin outside the Treasury Building in Washington. (AP)

Big as it was, the election was only about five minutes behind us when the first agenda item of the new day popped up hard.  The “fiscal cliff”.  It sounds scary and, when you look, it is.  January 1st.  Real tax hikes and blind, broad axe spending cuts all over, unless something is done.

A cliff so steep it could bring back hard recession.  So steep the ratings agencies are already warning again about America’s credit rating.  The thing is, we’ve just put all the players who built the cliff back in power.  Now what?

This hour, On Point:  confronting the fiscal cliff.

-Tom Ashbrook

Guests

Naftali Bendavid, congressional reporter for the Wall Street Journal.

Noam Scheiber, senior editor at The New Republic

Donald Marron, director of the Tax Policy Center at the Urban Institute.

From Tom’s Reading List

Los Angeles Times “At the top of the agenda is the “fiscal cliff,” the automatic spending cuts and tax hikes looming at year’s end. If Obama cannot successfully resolve the crisis with a House still controlled by Republicans, economists have warned that the “cliff” could slow growth and push the U.S. back into recession.”

New York TimesPresident Obama tried to reach out to the Republican leaders in Congress by phone after his post-midnight victory speech on Wednesday, an aide said, but they were asleep. More failures to communicate likely lie ahead as the parties now turn to seeking a budget deal that would keep the nation from hurtling over a so-called fiscal cliff at year’s end.”

Video

Check out these videos explaining the fiscal cliff.

Please follow our community rules when engaging in comment discussion on this site.
ONPOINT
TODAY
Oct 23, 2014
Specialist Ronnie Howard, center, calls out prices as he works at his post on the floor of the New York Stock Exchange Thursday, Oct. 16, 2014. Beyond the turmoil shaking financial markets, the U.S. economy remains sturdier than many seem to fear. (AP)

The global economic wobble. Europe weakness. China fears. Wild markets. We’ll lay out the global economy now.

Oct 23, 2014
A screenshot from the interactive game, "Depression Quest," the game at the root of the ongoing #GamerGate controversy. (Courtesy  "Depression Quest")

#GamerGate. Sexism, misogyny and rough stuff in a video game world culture clash.

RECENT
SHOWS
Oct 22, 2014
Authors Nicholas Kristof and wife Sheryl WuDunn attend the premiere of "Meena" at the AMC Loews Theater on Thursday, June 26, 2014 in New York.

Author and New York Times columnist Nicholas Kristof says regular folks like us can change the world. He explains how. Plus: we remember the late, great Washington Post editor, Ben Bradlee.

 
Oct 22, 2014
Health workers carry the body of a woman suspected of contracting the Ebola virus in Bomi county situated on the outskirts of Monrovia, Liberia, Monday, Oct. 20, 2014. (AP)

We’ll go to Liberia, and hear from a pastor and a physician at the epicenter of the Ebola crisis.

On Point Blog
On Point Blog
Introducing The Explicast: A New Podcast From On Point Radio
Friday, Oct 17, 2014

Confused about the news? Don’t worry: so are we sometimes! Introducing a new On Point Radio podcast: The Explicast. You can find Episode One right here.

More »
1 Comment
 
Two LIVE Tracks From Jazz Violinist Regina Carter
Friday, Oct 17, 2014

Regina Carter shares two live tracks — one arrangement, and one original composition — with Tom Ashbrook in the On Point studio.

More »
Comment
 
Our Week In The Web: October 17, 2014
Friday, Oct 17, 2014

We talk Facebook mishaps, whether Katy Perry was actually right and the glory of architectural giants and their iconic windows.

More »
Comment