European Central Bank Chief Mario Draghi speaks with Italian Prime Minister Mario Monti at EU headquarters in Brussels on Wednesday. European leaders will meet there next week to discuss their options for fixing the region's sovereign debt crisis.
Next week, leaders of the euro area countries will gather in Brussels in an effort to take a bigger step toward ending the region's sovereign debt crisis. They hope that by agreeing to tougher penalties for countries that break the euro area's budget rules, they can entice the European Central Bank to do more to stem the crisis.
But the question is whether the eurozone countries are willing to give up control of their budgets.
As Americans debate how to revive their economy, nations in the developing world are looking for ways to keep their growth going - including India, where the government promises to help some of its poorest people, who live in remote areas without services or even official identities. NPR's Corey Flintoff reports on a program that starts with a tiny piece of land.
NPR's business news starts with cheaper cholesterol drugs for many Americans.
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INSKEEP: The drug maker Pfizer has lost the patent on its drug Lipitor. The patent expired in the United States yesterday. And on the same day, regulators granted an Indian company approval to sell a cheaper, generic version of the cholesterol drug in the U.S. market.
Boeing announced a surprise deal with its machinists' union yesterday. It tentatively extends the workers' contract for four years. The company also promises to build a new version of its popular 737 in union-friendly Washington State.
From Seattle, NPR's Martin Kaste reports.
MARTIN KASTE, BYLINE: The International Association of Machinists also got pay raises and more pension benefits. Local president Tom Wroblewski calls it a new day.
Sen. Sherrod Brown, D-Ohio, speaks on Capitol Hill about the Hire Heroes Act, which gives tax breaks to businesses that hire unemployed veterans. Vets that have served since 2001 face a higher unemployment rate than the population overall.
Credit Courtesy Tom Tarantino
Tom Tarantino stands in a bunker in Iraq. He served in the military for 10 years, and now works as an advocate for veterans at Iraq and Afghanistan Veterans of America.
The jobless rate has declined a bit in the last year, but among veterans who served in conflict since 2003, it is increasing. The unemployment rate for vets serving since the Iraq war began has risen 1.5 percentage points to more than 12 percent in the past year.
Many veterans say they face a tougher job market than civilians. Tom Tarantino spent a decade in the military, where he served in Iraq and led a platoon. But when he separated from the military in 2007, he spent nearly a year looking for a job.