Morning Edition

A compromise deal to stop broad spending cuts and tax increases is headed to the House of Representatives, after receiving strong support in the Senate. Rep. Tom Cole, R-Okla., talks with Steve Inskeep about a possible House vote on the "fiscal cliff" deal.

Cole, the House deputy majority whip who also serves on the Appropriations Committee, says he expects the House to approve the Senate bill, calling it "a pretty big win."

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STEVE INSKEEP, HOST:

This New Year could mean a new cost for the craft store chain Hobby Lobby. The federal health care law requires employee insurance plans to cover emergency contraceptives. Hobby Lobby's owners did not want to do that. They say drugs commonly known by names like the morning-after pill are tantamount to abortion.

Now, the Supreme Court has turned aside Hobby Lobby's request to block the mandate. So, starting today, the company could be fined as much as $1.3 million per day for defying the law.

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Michigan's Lake Superior State University issued its annual list of annoying expressions to banish. The list includes: trending, bucket list, kick the can down the road and spoiler alert. The top one to ban: fiscal cliff.

In Seguin, Texas, a December city council election ended in a tie. Both candidates received 141 votes. So it was up to the mayor to settle things. The law gave him some options such as drawing straws or tossing dice. He chose: coin toss.

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DAVID GREENE, HOST:

It's MORNING EDITION from NPR News. Good morning, I'm David Greene.

STEVE INSKEEP, HOST:

And I'm Steve Inskeep. Happy New Year.

Let's start with the upside. Congress has yet to rattle the financial markets so far in 2013.

GREENE: Of course, the markets are closed on this New Year's Day, as the House considers a deal on taxes and spending. The Senate has already approved that plan by a huge majority.

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DAVID GREENE, HOST:

It has been a busy year in Mexico's war on drugs. The administration of former President Felipe Calderon struck major blows to the country's largest cartels, slowing the violence that has claimed more than 50,000 lives.

But the new president, Enrique Pena Nieto, says he'll change tactics. He wants to go after the crime associated with drug trafficking instead of taking down crime bosses. His new attorney general says this is the right strategy, since the number of crime gangs working in the country has grown significantly.

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DAVID GREENE, HOST:

Imagine getting ready to vote in an election and having no idea what the parties stand for or even who's running for which party. Well, that's close to the reality in Israel, where the political stakes are always high. Parliamentary elections are in just three weeks but a series of dizzying political maneuvers has left voters confused. Sheera Frenkel reports.

SHEERA FRENKEL, BYLINE: A couple of weeks ago, this advertisement by the left-wing Meretz Party went viral.

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Every year, banks handle tens of millions of transactions. Some of them involve drug money, or deals with companies doing secret business with countries like Iran and Syria, in defiance of trade sanctions.

But if the Justice Department has its way, banks will be forced to change — to spot illegal transactions and blow the whistle before any money changes hands.

Federal prosecutors have already collected more than $4.5 billion from some of the world's biggest financial institutions — banks charged with looking the other way when dirty money passed through their accounts.