Today, Chrysler is expected to announce plans to add more than 1,000 jobs at an assembly plant in Ohio. Local officials there have reportedly signed off on tax incentives for the plant expansion in Toledo. It's where Chrysler makes the Jeep Liberty and Wrangler.
The House Financial Services Committee voted on Wednesday to suspend nearly $13 million in bonuses paid to executives at Fannie Mae and Freddie Mac. The measure would also prohibit future bonuses. The Senate is expected to take up similar legislation.
Let's remember a bit of very recent history. Back in August, Congress came close to defaulting on U.S. government debts. Republicans wanted big cuts in spending. They finally got some, but a deal with President Obama pushed more deficit reductions off to the future, to a bipartisan committee which has been meeting this fall, and now has one week left until its deadline to reach a deal.
And our last word in business today is save the tanooki.
(SOUNDBITE OF LAUGHTER)
MONTAGNE: The animal rights group People for the Ethical Treatment of Animals is attacking Nintendo's new video game "Super Mario 3-D Land." In the game, Super Mario sometimes wears the skin of a tanooki, which is a raccoon dog. Steve, you may have to finish...
STEVE INSKEEP, HOST:
Oh no, come, no, no. It's fine. Come on, it's a raccoon dog. It's a nice animal.
And here's a follow-up to the dramatic scandal at Olympus, which we've been following on this program. It's one of Japan's most respected corporations - or it was. Now executives Olympus are facing criminal charges and prison sentences. The company may be delisted from the Tokyo Stock Exchange, and may also go bankrupt. All this after revelations of dubious acquisitions and allegations of massive accounting fraud. From Tokyo, Lucy Craft has more.
Australia is the latest stop on President Obama's tour of the Pacific Rim countries that the president thinks should be the new focus of U.S. foreign policy. It is already the focus of a competition for influence with China.
Republican presidential hopeful Newt Gingrich is rising in the polls, but Rick Perry is back in the spotlight after some proposals he made in Iowa yesterday. The Texas governor wants Congress to take a 50 percent pay cut, as part of a sweeping plan to overhaul the government.
A foreign mining company, protected by hundreds of soldiers, extracts precious resources from a remote tropical forest. The mining enrages indigenous tribes, who resist.
It may sound like a movie script, but it is in fact the story of the world's largest gold mine, located high in the mountains of Indonesia's Papua province and owned by Freeport-McMoRan, an American mining conglomerate.
Dozens of gun violence survivors and family members of victims traveled to Capitol Hill this week to try to convince lawmakers to pass a bill that would tighten loopholes in the background check system for people who buy firearms.