All Things Considered

Transcript

AUDIE CORNISH, HOST:

In covering this debate, much has been made of income tax rates and where exactly they should be raised. But one fact has gotten far less notice. Starting today, payroll taxes are going up two percentage points for nearly all American workers. NPR's John Ydstie joins us to talk about it. And John, this means lower take-home pay for a lot of workers starting very soon.

Sen.-elect Ted Cruz of Texas is a bright young Hispanic star who will be sworn in this week in Washington. The Republican Party nationally hopes Cruz will be part of the solution to its growing problem luring Hispanic voters.

Almost nobody had heard of Cruz when he began his campaign for the U.S. Senate. But when he stepped in front of a microphone, he could light up a room in a way that made the other Republican candidates seem lifeless.

With hours to go before the so-called fiscal cliff deadline, the House adjourned for the night and the Senate has yet to scheduled any vote. NPR's Julie Rover talks with All Things Considered host Audie Cornish about the latest.

Superstorm Sandy did tens of billions of dollars in damage to coastal areas of New York and New Jersey.

But there may be a silver lining to all that destruction: Some economists argue that reconstruction from Sandy could help stimulate the national economy in 2013. Still, others are more skeptical.

Charlie Messina uses a jackhammer to break up flood-damaged concrete in a basement in the Brooklyn neighborhood of Manhattan Beach. Messina owns a small business that does renovations.