Hostess Brands, famous for processed treats like Twinkies and Ding Dongs, says it will go into liquidation if striking bakers do not return to work this afternoon. This could see the layoffs of nearly 18,000 workers. The bakers walked out over wage and benefit cuts. Analysts say the company's most iconic brands would likely be bought by other companies if Hostess goes out of business. Transcript provided by NPR, Copyright NPR.
When President Obama sets off to Asia this weekend to highlight his so-called pivot to the region, he will make a bit of history: Obama will become the first sitting U.S. president to visit Myanmar.
The country, also known as Burma, was a pariah state for decades, ruled by a ruthless military dictatorship. That is changing, and the Obama administration has encouraged a dramatic reform process in the country. But it may be too early for a victory lap.
Though new Chinese leader Xi Jinping "didn't once mention Marxism or Mao Zedong" today as he stepped into his new role, the make-up of the "gang of seven" that he now heads "will disappoint those hoping for sweeping reform," NPR's Louisa Lim reports from Beijing.
A liberal think-tank closely allied with the Obama administration is proposing a health care spending plan it says could save hundreds of billions of dollars in entitlement spending without hurting middle- and low-income patients.
In Coney Island, on the southern end of Brooklyn, long lines of EMS trucks and buses of National Guardsmen rolled down the roads this week — trekking from residential building to building.
Since Friday, dozens of troops and officials from the City Health Department have been dropping in at the hardest hit areas of New York, making sure all residents are equipped with the essentials: Do they have food? Water? Do they need medical attention?
Political leaders from the Mid-Atlantic and Northeast have not been shy about their intent to seek as much federal funding as possible for their storm-struck states. Damages and lost economic activity as a result of Hurricane Sandy have been estimated as high as $50 billion.
Gov. Andrew Cuomo, D-N.Y., wants $30 billion in federal assistance to help rebuild his state. This request, and others, come at a time when Congress is already consumed with reducing the deficit.