It was just a year ago that the House rejected a deal with President Obama and threatened to allow the U.S. to default on debt obligations coming due. The Tea Party refusal to raise the debt ceiling led to a downgrade in U.S. credit and a selloff in the markets. NPR's David Welna reports on what's changed since then and what hasn't.
It's MORNING EDITION, from NPR News. I'm Steve Inskeep.
RENEE MONTAGNE, HOST:
And I'm Renee Montagne.
A damaging analysis has worked out the implications of Mitt Romney's plan to change the tax code. Romney says if elected, he would cut taxes, and do it in a way that does not expand the federal deficit.
Renee Montagne interviews Sarah Ducich, senior vice president for public policy at Sallie Mae. The big student lender just issued a major report on how families are paying for college these days and among the findings, it shows that students are taking on more of the burden of paying for college compared to before.
Thursday is day seven of the Summer Olympics. Another big moment is on tap for American swimmers Michael Phelps and Ryan Lochte. The host country looks to add to its suddenly growing tally of medals. And badminton marches on, its image battered by scandal. Renee Montagne talks to NPR's Tom Goldman about all things Olympics.
This tiny town perched on the high plains of the Chihuahua desert is nothing less than an arts world station of the cross, like Art Basel in Miami, or Documenta in Germany. It's a blue-chip arts destination for the sort of glamorous scenesters who visit Amsterdam for the Rijksmuseum and the drugs.
"They speak about Marfa with the same kind of reverent tones generally reserved for the pilgrimage of the Virgin of Lourdes," notes Carolina Miranda, a writer who covers the art world.