To the Point
Public Spending Cuts the Expanding Role of Philanthropies
Washington is looking for cuts in programs serving millions of Americans who are poor, sick and hungry. Private nonprofits and charities won't be able to make up the difference...
Washington is looking for cuts in programs serving millions of Americans who are poor, sick and hungry. Private nonprofits and charities won't be able to make up the difference. We look at the prospects for people in need. Also, political fallout from the debt deal, and three days of riots in London began in the aftermath of a police shooting. Why has the violence spread, not just in London but other cities as well?
Banner image: A homeless man rests while panhandling on the street on June 20, 2011 in New York City. Photo by Spencer Platt/Getty Images
In this episode
3 storiesPolitical Fallout of the Debt Deal?
"It's not just the stock markets. The marketplace of public opinion is also turning thumbs down on the debt-ceiling deal." That's according to Steven Thomma of McClatchy Newspapers reporting on a survey by the Marist Institute for Public Opinion .
Read the story7 minPublic Spending Cuts, Private Charities and the 'Truly Needy'
As Washington looks for cuts in government programs, support for nonprofits is also on the line, and donations to philanthropies have not been growing. President Obama is targeting tax breaks for what George H.W. Bush called "a thousand points of light" that help make up for cuts in safety-net spending.
Read the story37 minRioting in London Widens
Since police shot a young black man in North London last week, rioting, looting and arson have spread in London itself and to other cities as well.
Read the story6 min