Friday News Roundup - Domestic
President Barack Obama pushes more young people to sign up for health insurance under the Affordable Care Act. Reaction to Janet Yellen’s first press conference as Fed chair. And Toyota agrees to a $1.2 billion settlement with the Justice Department over acceleration defects. A panel of journalists joins guest host Frank Sesno for analysis of the week's top national news stories.
congressional correspondent, NPR.
managing editor for news, Politico.
Washington correspondent, The Economist.
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The Justice Department and Toyota reached a record $1.2 billion settlement this week, ending an investigation into the automaker's mishandling of an accelerator problem. David Welna of NPR said the fine is the biggest the the government has ever imposed on the auto industry. He noted, however, that $1.2 billion is only 2 percent of Toyota's cash on hand. "It doesn't hurt their bottom line that much," Welna said. The probe comes as Justice Department officials are investigating General Motors for failing to recall cars with a faulty ignition. Some say the Toyota settlement could be a model moving forward for the department's new aggressive approach. But not everyone on the panel agreed. "I suspect politically there's a reluctance to pile further misery on GM and Detroit, which is already in a pretty tough situation," John Prideaux of The Economist said.