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MICHEL MARTIN, HOST:

And now we turn to a political stalemate that seems to be turning into a crisis. We've been talking about the across-the-board cuts to the federal budget that seem more and more likely to go into effect this Friday because Congress and the White House have not agreed on a deficit reduction plan. It's being called sequestration.

It's settled. When the pontiff steps down Thursday, he'll still be known as Benedict XVI and have the title of "pope emeritus." In public, he'll wear an understated white cassock and stylish brown shoes from Mexico.

Edward Blum isn't a lawyer, and he doesn't play one on TV.

But he has been the driving force behind two race-related cases before the U.S. Supreme Court this term, including one that justices will hear Wednesday that seeks to roll back a key section of the 1965 Voting Rights Act.

The other, Fisher v. University of Texas, which challenges the use of race and ethnicity in public college and university admissions policies, was heard by the court in October and awaits its decision.

Nearly $152,000 has been donated online to help Billy Ray Harris, a homeless man in Kansas City who returned an engagement ring to the woman who accidentally left it in a cup he uses to collect change.

Here's his good news story:

Today's economic indicators all point up: