One of the nation's largest school systems has been pushed to the brink of insolvency. Not long ago, Philadelphia was touted as a "laboratory of innovation," a promising model for urban public education. But something went wrong. So who is responsible for the district's descent into academic and financial ruin?
The disastrous rollout of HealthCare.gov is giving an otherwise wonky piece of legislation new momentum. It's called the Federal Information Technology Acquisition Reform Act, or FITARA, for short. And its two key sponsors are among the most unusual bedfellows in Congress.
Many organic farmers are hopping mad right now at the U.S. Food and Drug Administration. Their reason? Fertilizer. The FDA, as part of its overhaul of food safety regulations, wants to limit the use of animal manure, which organic farmers call a precious resource and a basis of their farming practices.
In communities grappling with high unemployment, grocery stores serve many customers who rely on the Supplemental Nutrition Assistance Program to get by. Some stores are estimating that their sales might fall between 5 and 10 percent now that the government has reduced the benefits.
Announcements of legal settlements worth hundreds of millions or even billions of dollars, including Tuesday's $13 billion U.S. settlement with JPMorgan Chase, have been common in recent years. Often, though, only a fraction of the amount ends up in consumers' pockets.
Colorado and California both just proposed new regulations for oil and gas production in their states. Both states have been pushed by environmental concerns to establish rules tougher than federal requirements. If Colorado's proposal goes ahead, it would be the first state in the nation to directly regulate methane. California also says its proposed rule would be the toughest in the nation. It regulates the engineering technique called hydraulic fracturing, or fracking.
A portion of the $13 billion JPMorgan Chase mortgage settlement will go to anti-blight measures across the country. One of the groups that might receive some of those funds is the Thriving Communities Institute in Cleveland, Ohio. Melissa Block talks with the non-profit's director, Jim Rokakis, about how the group tries to fight blight by establishing land banks, demolishing vacant properties and finding new ways to use the land.
A long-awaited deal between JP Morgan Chase and the Justice Department was finalized Tuesday. The bank — one of Wall Street's largest — agreed to pay a total of $13 billion to resolve a number of legal issues stemming from mortgage securities sold in the run-up to the financial crisis.