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Created by the federal government during the Great Depression, Fannie Mae became a Washington powerhouse: a highly profitable, private company, protected by the government and boasting huge lobbying clout. But today, Fannie Mae has essentially become a ward of the state.

Morale Takes A Hit At Beleaguered Fannie, Freddie

Mortgage giants Fannie Mae and Freddie Mac have been vilified for their role in the housing collapse. Key employees have left as morale has plummeted. But the two organizations are key to the functioning of the U.S. housing market, leaving some observers concerned about the ongoing brain drain.

Debby Unleashes Floods On Fla. Panhandle

Before Tropical Storm Debby was downgraded to a tropical depression, it had dumped about two feet of rain on parts of the Florida Panhandle — causing widespread flooding. On Tuesday, Governor Rick Scott visited coastal Wakulla County.

Banks Face July 1 Living Wills Deadline

The nation's biggest banks are getting ready to file plans with the government for how they would unwind their assets if they were to fail. The plans are called living wills. Regulators want to avoid the type of damage the collapse of Lehman Brothers had on the financial system. Big banks have a July 1 deadline to submit their living wills to the Federal Reserve and FDIC.

Two Sarahs Make U.S. Olympic Rowing Team

We've been counting down to the London Olympics, and now we're going to meet two women in rowing. The qualifiction for women's pairs was held recently in Princeton, N.J. Sarah Hendershot and Sarah Zelenka came from behind to win a spot on the Olympic team.

In Ohio, Obama Calls For 'Shared Vision' On Economy

President Obama campaigned in Cleveland, Ohio, Thursday, where he gave a speech about the economy. The message was that the poor state of the economy is less the fault of Obama's policies and more due to Republican foot-dragging in Congress.

U.N. Sees 'Lack Of Willingness' For Peace In Syria

The head of the U.N. Supervision Mission in Syria said Friday that there appears to be a "lack of willingness" on the government and anti-government sides to see a peaceful transition in the country.

Bond set for suspect in stabbing of Gahanna man

Bond is set at 500-thousand dollars for the Gahanna man accused of stabbing and wounding his teen girlfriend's father. 20-year-old Robert Best is accused…

Cleveland Schools levy to go before voters this fall

State law gives Cleveland Mayor Frank Jackson control of that city's school district. Jackson says he will place a levy before voters in November, now…

U.S. To Stop Deporting Some Young Illegal Immigrants

The Obama administration announced Friday morning that it would offer immunity and work permits to some young illegal immigrants who came to the U.S. as children and have since led law-abiding lives.

It's All Politics, June 14, 2012

June already has brought a strong dose of bad news for President Obama, from the monthly jobs report to questions about his Cabinet. So, how much can an incumbent blame on his predecessor? NPR's Ron Elving and Ken Rudin discuss.

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