On Wednesday, the Federal Reserve announced it will cut its bond-buying program by $10 billion starting January. So what about this whole tapering thing? What’s it gonna mean for you and me and Aunt Mabel?
Heidi Moore from the Guardian and the Wall Street Journal's Sudeep Reddy join host Kai Ryssdal to look back at the week's business news and forward at where the economy is going after today's jobs report.
A report out this week shows that the projected $1.2 trillion increase in federal spending over the next 10 years will not trickle down much to spending on programs that affect children.
About 75 percent of Americans couldn't identify the bond buying program from a multiple choice list. So it's not too late to ask: Quantitative Easing entails the FED buying bonds to keep interest rates down and encourage lending.