Debt

11:43am

Mon November 19, 2012
Planet Money

The U.S. Is Borrowing Less From China, More From Everybody Else

Originally published on Mon November 19, 2012 12:26 pm

Lam Thuy Vo / NPR

In popular U.S. mythology, China is the creditor-bogeyman. Japan is the place where robots take care of old people.

Mythology notwithstanding, Japan is about to pass China as the biggest foreign lender to the U.S. government.

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2:49am

Mon November 19, 2012
Business

Americans Run Up More Credit Card Debt

Originally published on Tue November 20, 2012 8:38 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news begins with credit card debt rising.

(SOUNDBITE OF MUSIC)

MONTAGNE: Americans are running up more debt on their credit cards, and that could be a good sign. The average American had almost $5,000 of credit card debt in the third quarter of 2012, up almost 5 percent over the previous quarter.

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3:25pm

Sun November 18, 2012
Politics

Debt Talks A 'Roosevelt Moment' For Obama

Originally published on Sun November 18, 2012 3:53 pm

President Obama leaves the White House Saturday for a trip to Southeast Asia.
Manuel Balce Ceneta AP

President Obama is now about to enter into a series of difficult talks on the so-called debt ceiling and the impending fiscal cliff. Lawmakers have until Dec. 31 to come up with a deal to prevent $700 billion from being cut from the federal budget.

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5:04am

Sun November 18, 2012
Economy

An Evolutionary Explanation For The Fiscal Cliff

Host Rachel Martin speaks with NPR's Shankar Vedantam about the psychology behind the fiscal cliff negotiations. Vedantam says humans evolved as short-term thinkers, which makes dealing with the long-term problem of the national debt particularly difficult.

12:59pm

Sun September 9, 2012
Election 2012

Critics Say Ryan's Record Belies Tough Deficit Talk

Originally published on Sun September 9, 2012 3:08 pm

Paul Ryan waves as he takes the stage at the Republican National Convention in Tampa, Fla., on Aug. 29. Ryan has been celebrated as a deficit hawk with bold vision, but some critics have called his record on deficit-reduction "dismal."
Chip Somodevilla Getty Images

Paul Ryan has a reputation as a deficit hawk. Mitt Romney's running mate has proposed budgets that cut non-defense spending significantly, and advocated controlling Medicare costs by making it a voucher program. But critics argue there's a lot in the Wisconsin congressman's record that undermines his deficit-hawk reputation.

When Ryan gave the GOP response to President Obama's State of the Union address last year, he restated his commitment to debt and deficit reduction.

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