Before the election, two prominent economists were predicting that the stock market would fall 12 percent lower if Trump won versus Clinton. But, as it often does, the market surprised everybody and went in the other direction.
Carrier says it will keep about 1,000 jobs in Indiana instead of shifting production to Mexico. Donald Trump repeatedly singled out Carrier during his campaign and made stopping the move a priority. Now there is great interest in how Trump and Vice President-elect Mike Pence persuaded the company to reverse its decision.
A report released Wednesday by the Government Accountability Office says the U.S. is on track to forgive at least $108 billion in student debt. This is due to the number of people who have enrolled in plans the Obama administration promoted to help borrowers avoid default. The GAO report finds the Education Department also understated the cost of these plans. NPR's Ari Shapiro talks to Danielle Douglas-Gabriel of The Washington Post.
The number of people who say they are struggling to pay medical bills has dropped by 13 million in the past five years, a study finds. An improving economy and the Affordable Care Act are why.
In light of Trump's deal with Carrier to keep jobs in the U.S., NPR's Ari Shapiro talks to Edward Alden, senior fellow with the Council on Foreign Relations and author of Failure to Adjust: How Americans Got Left Behind in the Global Economy, about the consequences of federal government intervention in the private sector.
Wilbur Ross Jr. is a donor and longtime associate of Trump's. Ross has grown rich by buying troubled companies and restructuring them with layoffs and budget cuts.
Mnuchin is a hedge fund CEO and longtime Wall Street banker. His involvement in the spike in foreclosures following the housing market's crash could complicate his confirmation.
Steve Inskeep talks to David Wessel, director of the Hutchins Center at the Brookings Institution and a contributing correspondent to The Wall Street Journal, about Steve Mnuchin's qualifications.