The Two-Way
7:42 am
Tue January 31, 2012

CBO Estimates $1.1 Trillion Federal Deficit

CBO

Originally published on Tue January 31, 2012 8:43 am

Taking into account all the budget legislation passed in the last year, the Congressional Budget Office says the country will run a $1.1 trillion deficit in fiscal year 2012.

The CBO reports that is nearly 7 percent of the United States' GDP, but is "nearly 2 percentage points below the deficit recorded in 2011, but still higher than any deficit between 1947 and 2008."

Read more
UO Faculty Union
6:48 am
Tue January 31, 2012

University of Oregon Faculty Seek to Unionize

University of Oregon faculty hope to form a union for UO professors.
Another Believer Wikimedia Commons

University of Oregon faculty members are collecting signatures in an effort to establish a union. It would be comprised of all full and part time professors and instructors -- about 2,000 members. KLCC's Rachael McDonald has more.

The group United Academics of the University of Oregon has been gathering support for the union effort this month. But it's a process that began in the fall according to Michael Dreiling, an Associate Professor of Sociology.

Read more
Washington Credit Rating
6:44 am
Tue January 31, 2012

Two Ratings Agencies Lower Wash. Credit Outlook

Standard and Poor's recently downgraded Washington State's credit outlook.
Beyond My Ken Wikimedia Commons

OLYMPIA, Wash. - Two credit rating agencies have delivered a warning to the State of Washington to get its financial house in order. The ratings agencies lowered the outlook for Washington state debt, citing the magnitude of the budget shortfall. Correspondent Tom Banse reports.

Washington state is refinancing or selling more than $1 billion in bonds in the coming weeks. That's the reason Standard & Poor's (S&P), Moody's Investors Service, and Fitch Ratings revisited the state's credit rating.

Read more
The Two-Way
6:41 am
Tue January 31, 2012

For Third Straight Month, Home Prices Dropped In November

Home prices dropped in November for the third consecutive month. Standard & Poor's/Case-Shiller home price index found a drop in 19 of the 20 cities tracked.

The AP reports:

"The biggest declines were in Atlanta, Chicago and Detroit. Phoenix was the only city to show an increase.

"The decline partly reflects the typical fall slowdown after the peak buying season.

Read more
Presidential Race
6:40 am
Tue January 31, 2012

The Slimary Process: Is This The Nastiest Race Ever?

Republican presidential hopefuls former House Speaker Newt Gingrich and former Massachusetts Gov. Mitt Romney debate in Jacksonville, Fla., on Thursday.
Matt Rourke AP

Originally published on Wed May 23, 2012 8:04 am

Read more
Captured Idaho Soldier
6:34 am
Tue January 31, 2012

Taliban Experts Predict Many Setbacks Before Idaho Soldier Comes Home

Bowe Bergdahl of Hailey, Idaho was captured by Taliban forces in July of 2009. Photo courtesy of U.S. Army.
U.S. Army

Negotiations to release an Idaho soldier in Taliban captivity will be a long and slow process. That’s according to Middle East experts following peace talks about Afghanistan. News reports over the weekend suggested negotiations over a ceasefire had broken down. Correspondent Jessica Robinson has more.

Bowe Bergdahl of Hailey, Idaho, has been held by the Taliban since July of 2009.
Videos released by his captors show the 25-year-old Army sergeant ragged and pleading to come home. And that's a feat negotiators are reportedly trying to accomplish through a prisoner swap.

Read more

Pages