Low energy prices are good for consumers but bad for some businesses — and the states that rely on them. Oklahoma lawmakers say there may be a "revenue failure" soon. The state has a $900 million budget hole.
Alaska may overhaul the way it spends its oil wealth. While the state has a lot of oil, the price of oil has dropped so much that the state now has a $3.5 billion deficit — two-thirds of its budget.
Back in the old days, say 2011, political leaders talked about, and acted upon, worries involving federal borrowing. But a new CBO report shows deficits surging — even as political attention drifts.
Steve Inskeep talks to David Wessel, director of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution, about the long-term precipitous declines in commodity prices.
Airport workers in New York City, Chicago, Miami and other cities held protests on Monday in honor of Martin Luther King Jr. Day. They called for their hourly minimum wages to increase to $15.
A Chicago chef tired of the kitchen grind moved his family to join an Amish community in Maine. He's now selling charcuterie and cheese from a cabin in the woods.
Now that international sanctions have been lifted, Iran hopes to export as much as 500,000 more barrels of oil a day. But this comes while global oil prices are falling and revenues are plunging.