A tax-the-rich proposal named after Warren Buffett has little chance of passing this year, but that hasn't stopped the debate over what impact it would have.
Some economists are skeptical that a 30 percent minimum tax on people with million-dollar incomes — known as the "Buffett rule" — would do much to reduce the deficit or boost the economy. But the Obama administration says the proposal is necessary to make the tax code more equitable.
The World Bank is expected to announce its new president in the next several days. For the past six decades, the bank has been led by an American. President Obama has already nominated Dartmouth College President Jim Yong Kim for the job. But for the first time in its more than 60-year history, there is serious international competition for the job.
Former Pennsylvania Senator Rick Santorum suspended his presidential campaign Tuesday. It had lasted longer than anyone expected, but Santorum was well behind front-runner Mitt Romney in the race for delegates.
If E.J. Delacruz, 18, were elected, he would be the youngest person ever to hold political office in Hawaii. Not that it will be easy. A state representative is running for the same job, which also has an incumbent seeking re-election.
Thanks to the new GI Bill, which went into effect in 2009, hundreds of thousands of U.S. veterans have the opportunity to go back to school. For many veterans, heading to college or university often involves a difficult transition. Sean Bueter of member station WBOI in Fort Wayne, Indiana explains how one university is helping veterans succeed.
Facebook likes Instagram. That's the top of our business news.
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INSKEEP: And they did more than just click the little thumbs up. Facebook is buying the photo application Instagram and the price is higher than it has ever paid for an acquisition - $1 billion; this for a company with only around a dozen employees. As somebody joked yesterday, why didn't they just download it?
As NPR's Laura Sydell reports, some analysts say the purchase is a defensive move.
Moving on to another billion dollar tech deal, Microsoft has agreed to pay AOL over $1 billion for hundreds of patents. Microsoft outbid several rivals, including Amazon and eBay, in a deal which saw AOL's stock price jump by over 40 percent. The over 800 patents include internet search, email and customized advertising and are seen as a push by Microsoft into the lucrative smartphone and tablet market.