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We've heard about how U.S. and European sanctions on Iran have caused that country's currency to plummet and how Iran is now buying up gold and trying to dump its own currency outside its borders. Well, Iran is part of a regional economy and the falling currency is starting to hurt at least one of Iran's neighbors. NPR's Kelly McEvers sent this report from southern Iraq.
A row of restaurants in the Cleveland Park neighborhood of Washington, D.C., looks tantalizing — there's Vietnamese, Italian, New American.
But if you walk around to the alley at the back of this row you might gag. Dumpsters packed with trash are lined up, and they get emptied only twice a week. Which means a lot of food sits here, filling the block with a deep, rank odor.
A grand bargain, a compromise to avert the so-called fiscal cliff, could all come down to one word: revenue. It's now widely agreed that steering away from the cliff — the combination of spending cuts and tax increases set to hit at the start of the year — will require some combination of revenue increases and spending cuts. The central sticking point could well be whether President Obama and Congress can agree on the definition of revenue.
At the moment, the casual observer could easily get the sense that the president and Republicans in Congress are talking past each other.