Originally published on Wed June 20, 2012 11:42 am
The Federal Reserve — the nation's central bank — will end its two-day meeting on Wednesday by offering its assessment of the economy, and then declaring its latest plan for making things better.
Investors all over the world will be waiting to hear just how weak — or not — the Fed thinks the U.S. economy is. And they will be watching to see whether the bankers plan to continue trying to stimulate growth by extending two controversial programs, one known as Operation Twist, and the other as quantitative easing.
The founder of WikiLeaks, Julian Assange, spent the night at the embassy of Ecuador in London. Yesterday, he unexpectedly walked into the embassy and requested political asylum. Assange is seeking to avoid being extradited from Britain to Sweden, where he's wanted for questioning about allegations of sex crimes, including rape. We're joined by NPR's Phil Reeves in London. Phil, why do this now?
And our last word in business is: supersized couch potato.
This week, Japanese electronics maker Sharp unveiled what it's calling the biggest LED TV on the planet. The 90-inch set has WiFi built in and you can buy it with a webcam option. You could, say, Skype with 50 people at once and see all their faces.
LINDA WERTHEIMER, HOST:
Of course, you would need a lot of wall space and a fat wallet. It cost $11,000.
That's the business news on MORNING EDITION. I'm Linda Wertheimer.
Mitt Romney has wrapped up his most extensive campaign trip since becoming the all-but-official Republican nominee for president. Over the past five days, he visited six potential battleground states, touring each by bus. Along the way, he honed his attacks on President Obama, while also trying to show voters a more relaxed Mitt Romney than they've seen so far.
The tour, called Every Town Counts, stayed mostly in counties friendly to Republicans, ending with three stops in Michigan yesterday, the state where Romney was born.