All Things Considered

Like most members of the Penobscot Nation, Scott Phillips grew up near the Penobscot River and learned to paddle and fish as a young boy. He took to it like a duck to water. He became a competitive racer and eventually opened his own business selling canoes, kayaks and other outdoor gear.

Next week, the first of two dams on the river will be removed, altering the way it's used recreationally. The change could also be a boon to Phillip's business.

On Jan. 1, trillions of dollars in spending cuts and tax increases — called Taxmageddon — will take effect unless Congress and the White House can agree on a new plan. Many economists say the country will fall back into a recession if it happens. Former Treasury Secretary Robert Rubin says Congress may actually be "forced to make a decision that affects taxes and spending."

The Justice Department has launched an investigation to determine the source of a series of leaks about sensitive intelligence matters. President Obama denied his administration authorized the leaks, but some Senate Republicans accused the White House of deliberately leaking the stories in order to boost the president's national security credentials.