The Republican co-chair of a committee in charge of slashing the nation's deficit on Sunday called deliberations a "roller-coaster ride" and gave no indication that a deal could be struck before the panel's Thanksgiving deadline.
Texas Rep. Jeb Hensarling said the panel will fail unless Democrats agree to significant "structural" changes to entitlement programs like Medicare and Social Security. When asked whether that could be done in a matter of days, he said "we haven't given up hope."
At this time five years ago, the white-hot U.S. housing market was starting to cool. Before long, it would slip into a deep freeze.
The thaw still hasn't come. The latest statistics show residential real estate prices are continuing to drop — a trend that could have a long-lasting impact on the net wealth of younger homeowners who bought property during the housing bubble.
Republican White House hopefuls criticized President Obama's handling of Iran, Afghanistan and the Arab Spring during a debate Saturday night in South Carolina. It was the first of this year's debates in which foreign policy was the dominant topic.
Although the candidates aimed most of their firepower at the sitting president, the forum did expose some fault lines within the Republican ranks.
AUDIE CORNISH, host: A political dynasty is emerging in Northern Iowa. This past week, Jeremy Minnier was elected mayor of Aredale, Iowa, like his father before him. Jeremy says his dad was happy but nervous about his Election Day victory.
MAYOR JEREMY MINNIER: He was supportive of it. He didn't know that. He said, I think you are taking something under your hands that you're not going to be able to handle, because he knew what it was like.
CORNISH: He thinks his dad and others are getting too caught up on a number. Jeremy Minnier is just 18 years old.
AUDIE CORNISH, host: This is WEEKEND EDITION from NPR News. I'm Audie Cornish. It's been a difficult and emotional week at Pennsylvania State University. The scandal involving child sexual abuse allegations and a potential cover-up is entering its second week. And yesterday, the school's football team played its game without long-time coach Joe Paterno, and lost to Nebraska. NPR's Jeff Brady was there.
The Mexican government is launching an investigation into a helicopter crash that resulted in the death of one of the country's top officials. NPR's Mexico correspondent Jason Beaubien talks to host Audie Cornish about what prompted the probe.
AUDIE CORNISH, host: President Obama is in Honolulu this morning, where's hosting world leaders at the Asia-Pacific Economic Cooperation summit, or APEC. It's the first stop on a nine-day tour that will also take Mr. Obama to Australia and Indonesia. NPR's Ari Shapiro is traveling with the president.
ARI SHAPIRO: These are familiar stomping grounds for President Obama. He brings his family to Hawaii every Christmas, and as he told a friendly crowd of business leaders yesterday morning:
Until now, a 250-year-old encoded text titled the Copiale Cipher baffled cryptographers and historians with bizarre symbols and seemingly random letters. Computer scientist Kevin Knight and two Swedish researchers have broken the code to the 105-page manuscript, and NPR's Daniel Hajek reports on what the Cipher revealed.