NEAL CONAN, host: This morning at the White House, President Obama laid out his plan to reduce the federal deficit by an additional $3 trillion over the next 10 years. The plan calls for reduced spending for benefit programs, including Medicare and Medicaid. But about a third of it consists of new revenues, higher taxes on the wealthiest Americans and the president drew a line in the sand.
2010 Census data shows a record 46 million Americans now live in poverty. For each person below the poverty line, there is a unique story of how they got there. Regaining your financial footing, many experts argue, requires a number of specific steps.
The Swiss bank UBS announced last night that a rogue trader lost more money than it originally announced. UBS said the total loss is $2.3 billion. In a statement, the bank also gave some detail about the alleged actions of Kwaku Adoboli, who was arrested and charged in London on Friday.
President Obama's re-election may all come down to whether voters mainly view the 2012 race seen as a referendum on his presidency or a choice between competing Democratic and Republican prescriptions for how to best address the nation's economic and fiscal challenges.
If it's a referendum, it could well be curtains for his hopes of a second term because the economy is clearly making too many voters unhappy and scared.
Valerie Jarrett discusses the viability of President Obama's new debt plan, including cuts to entitlement spending and proposed tax increases to Americans who make more than $1 million. She speaks with host Michel Martin.
On Monday, the president released a plan on how to pay for his $447 billion jobs bill and reduce the nation's deficit. The plan aims to slash $3 trillion from the debt over the next decade, which involves Medicare and Social Security cuts and tax increases for the wealthy. Host Michel Martin speaks with NPR's Senior Washington Editor Ron Elving about the plan.
In her weekly commentary, host Michel Martin says Americans don't know how to talk about money, even though we talk about money all the time. She also says the current debate about deficit and debt has undertones of wealth and class.
Millions of Americans tuned into the 63rd annual Primetime Emmy Awards on Sunday, where the comedy show Modern Family took home five awards. LL Cool J also rapped about movies and mini series, and Charlie Sheen made surprising comments before presenting the award for Outstanding Lead Actor in a Comedy Series.
New governments are forming in the Middle East and North Africa, and women are behind many of the calls for change. Asma Khader is trying to make sure women's voices are heard. She's also one of three investigators who documented human rights abuses in Libya. She'll brief the U.S. Senate this week on challenges to democracy. She speaks with host Michel Martin.
Saying that "Washington has to live within its means" and that lawmakers must "cut what we can't afford to pay for what really matters," President Obama just introduced what he says is a plan to cut an additional $3 trillion from budget deficits over the next decade.
And he vowed to veto any legislation that puts all the burden of deficit reduction on those who rely on Medicare and other social programs. "It will not happen on my watch," declared Obama, in making the case that the wealthy and corporations must also be asked to pay more in taxes.