The International Monetary Fund used to bail out deadbeat nations in Latin America. Now, in a role reversal, the IMF's new director, Christine Lagarde, is seeking the region's help in containing Europe's worsening debt crisis. Officials in Brazil, now the world's seventh-biggest economy, say they're putting together an IMF loan. And Lagarde says the whole region can provide Europe with lessons on how to manage the economy.
Bean counters at the Pentagon are working long hours to figure out how to cut close to a trillion dollars from the Department of Defense budget over the next 10 years.
Those were the Pentagon's marching orders after the congressional supercommittee failed to come up with a plan to slash the country's deficit. Pentagon officials are looking at cutting weapons programs, troop levels and possibly even some base closures.
If you've shopped at a toy store recently, you know that you can easily spend hundreds of dollars on just a few items. So why not just rent the toys instead? Weekends on All Things Considered guest host Rachel Martin tells us how toy rental websites work.
Military benefits for retirees cost the Pentagon more than $50 billion each year. Few in Washington are publicly in favor of cutting those entitlements, even though former Defense Secretary Robert Gates said the cost was "eating the Defense Department alive." One former Navy commander, Bryan McGrath, tells weekends on All Things Considered guest host Rachel Martin he'd be willing to pay more for his benefits.