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News Summary: China warns on financial risks

THE NEWS: President Xi Jinping calls for authorities to curb financial risks as concerns mount in China about rising debts owed by companies and local governments. The official Xinhua News Agency gives no details of what steps he told regulators to take. Full story

Column: China's Domesday debt survey

(Reuters) - Like William the Conquerer before him, Premier Li Kequing is initiating his own Domesday survey in China, and this time the attempt to curb local abuses of power will have global economic consequences. Full story

China orders audit of local government debt

China's Cabinet has ordered an urgent nationwide audit of debts owed by local governments, reflecting unease about potential financial threats from unreported multibillion-dollar borrowing. Full story

China orders nationwide government debt audit

BEIJING (Reuters) - China's National Audit Office will conduct an audit of all government debt at the request of China's State Council or cabinet, it said in a statement on Sunday, underlining concern over rising debt levels in the world's second biggest economy. Full story

Tulsa promoting workshops for small businesses

Tulsa's Human Rights Department will be hosting a series of free workshops for small business owners to help them work with local governments and private industries. Full story

China scraps uranium processing plan after protest

Authorities in a southern Chinese city on Saturday scrapped a plan to build a uranium-processing plant, one day after hundreds of local residents protested against it because of safety concerns. Full story

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In a live interview from his home in Florida, Chip Starnes, CEO of Specialty Medical Supplies, said he had to keep himself upbeat while being held captive in China because he was "in a no-win situation" and "got no support from the local government" an...

  Detroit protests takeover by undemocratic program that doesn't work

Rachel Maddow reports on the displeasure of Detroit voters who have had their local government summarily replaced by Michigan governor Rick Snyder with the appointment of an "emergency financial manager" despite the efficacy of that solution being extremely dubious.

  Supreme Court to take up Prop 8

In their first ever review of same sex marriage, laws, the Supreme Court will hear two cases testing if state and local governments can limit their acceptance of marriage for gay couples. NBC’s Pete Williams reports.

  Local leaders prepare for impact of sequester, tax hikes

Philadelphia Mayor Michael Nutter discusses how a lack of action on various aspects of the fiscal cliff will hurt cities across the nation. “Some members of Congress just don’t get it,” Nutter said, explaining how tax increases and budget cuts will hurt state and local governments. Texas Senator Kay

  Local governments get creative on balancing budgets

The Up w/ Chris Hayes panelists talk about the different ways local governments are finding to raise revenue.

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