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"Brexit" is the term for Britain's exit from the European Union, and the Brits are getting ready to vote on it in June. Terror attacks and the refugee crisis have led to a loss of confidence, as the International Monetary Fund warns that Britain's departure would damage the global economy. We hear about the campaign and America's interests. 

Later on the program, Peabody — the titan of America's coal industry — has filed for bankruptcy. What does that mean for the future of a source of energy that's older than the industrial revolution.

Paul Ryan Set to Blow Budget Deadline 6 MIN, 30 SEC

Congressional gridlock is passing another landmark this week. House Speaker Paul Ryan was faced with questions today about why Friday's deadline to pass a federal budget will not be met. Ryan told reporters, "Our preference is to pass a budget, and we're still talking with our members about how we can do this... We just had two weeks where our members didn't have a chance to get together and discuss things. We're now starting those kinds of conversations now that we're back in town with each other." Burgess Everett covers Congress for Politico.

Burgess Everett, Politico (@burgessev)

Senate Budget Committee hearing fixing the broken budget process

Should Britain Stay or Should It Go? 34 MIN, 16 SEC

David Cameron today told skeptics in Parliament that Britain should stay in the European Union because, "we have the best of both worlds." But the Prime Minister's credibility is being challenged as British voters prepare for a highly unusual referendum, and the outcome is increasingly uncertain. The US needs Britain to stay. So do France and Germany.  But the refugee crisis and terrorism on the mainland are reminders that political unity can be costly. We hear what's at stake for international diplomacy and the global economy.

Stephen Castle, New York Times (@_StephenCastle)
Robert Oulds, Bruges Group (@BurgesGroup)
Judy Dempsey, Carnegie Europe (@Judy_Dempsey)
Josef Joffe, Die Zeit / Hoover Institution / Freeman Spogli Institute (@DieZeit)

Castle on IMF warning of economic risk of British exit from EU
Bruges Group on the positive future for a UK outside the EU
Strategic Europe (blog) on Brexit's benefits for the EU
Joffe on Cameron turning a weak hand at home into a strong suit against the EU


Robert Oulds (and four others)

Peabody Energy's Bankruptcy and the Demise of Big Coal 9 MIN, 5 SEC

A major bankruptcy today may tell a much anticipated story: the coal industry may never be coming back.

As the search for alternatives to fossil fuels continues, politicians from certain states inveigh against "the war against coal." Today, the biggest American coal company of all, Peabody, declared bankruptcy. Patrick McGinley is a professor at the West Virginia School of Law. He's taught courses about the law involving energy sources for 40 years.

Patrick McGinley, West Virginia University

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