NPR's Morning Edition

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STEVE INSKEEP, HOST:

NPR's business news starts with a budget deal in California.

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INSKEEP: This deal comes just days before the start of the new fiscal year. It cuts social programs and it would knock three weeks off of Californian's school year unless voters approve a proposal for new taxes.

Capital Public Radio's Ben Adler reports from Sacramento.

BEN ADLER, BYLINE: The Democrats running this year's California budget process say they have one overarching goal: to bring years of festering shortfalls to an end.

Product safety regulators announced the recall Thursday after hundreds of people reported explosions in their toilet tanks. The faulty flushing system is made by the brand Flushmate — specifically the Flushmate Three Pressure-Assist Flushing System. It's used by several toilet manufacturers including American Standard and Crane.

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STEVE INSKEEP, HOST:

It's MORNING EDITION, from NPR News. Good morning. I'm Steve Inskeep.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne.

When President Obama addresses a large gathering of Latino politicians later today in Florida, he's likely to get a warm reception. Just last week, Mr. Obama announced that hundreds of thousands of young illegal immigrants who came to this country as children can stay in the U.S. - at least temporarily.

Fifteen major banks were downgraded Thursday in a reflection of the slowing global economy and volatility in financial markets. In a sweeping move, Moody's cut the credit ratings of some of the world's largest financial institutions, including Bank of America, Goldman Sachs and Citigroup.

When it comes to health care, even the seemingly easy things become hard.

Take coverage for young adults under the Affordable Care Act.

The Facebook Data Center Site in Forest City, NC has announced it is accepting applications for the 2012 Community Action Grants. Pam Bunch spoke with Site Manager George Henry on Monday to discuss how organizations in Rutherford County can apply, the deadline for applications, and the types of organizations and ideas that Facebook is looking for in awarding $100,000 in grant money this year. This is the second year that Facebook/Forest City has awarded these grants, and they are very welcome in a county that has suffered severely from unemployment over the years of the recession.

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