Broadcast and cable evening news coverage touched upon a variety of economic topics, including deficit reduction, economic growth, and entitlement reform throughout the second quarter of 2013. A Media Matters analysis shows that many segments lacked proper context or input from economists, while some topics went largely underreported.
CBS' Face the Nation reinforced conservative arguments that the Senate immigration bill doesn't strenghten the border, but ignored the Congressional Budget Office report's finding that the Senate bill could cut illegal immigration in half as a result of the bill's border surge amendment.
Throughout the first half of 2013, broadcast and cable nightly news overwhelmingly discussed Social Security in an unbalanced and negative light by repeatedly insisting that the program is insolvent, must be cut, or poses a risk to long-term fiscal security.
In the weeks leading up to an automatic doubling of federal student loan interest rates, broadcast and cable nightly and weekend news devoted little time explaining the effects of the rate hike and the expiration of other programs designed to help American students, graduates and families with increasingly high education costs.
In 2007, Congress passed a law to reduce interest rates on federal subsidized student loans, the Stafford Loan program, to 3.4 percent. The law was intended to reduce college costs and increase access to higher education. The Budget Control Act of 2011 ended several provisions of previous law; foremost setting an expiration date of July 1, 2013, for Stafford Loan interest rates. Today, those rates automatically double to their previous 6.8 percent.
Media Matters research found the looming student loan deadline has been largely ignored by major news networks in the past several weeks. Since May 23, the date the House of Representatives passed a party line student loan plan of its own, primetime and weekend television news has offered just 13 brief segments on student loan issues.
Absent from media analysis has been any real discussion of economists' recommendations for dealing with student debt. Many economists, including Nobel Prize winners Joseph Stiglitz and Paul Krugman, have supported various efforts to defray college costs, expand federal funding, and provide restructuring and refinancing options for student and family borrowers.
In May, the Consumer Financial Protection Bureau released a report on student loan affordability. It found that expanded refinancing options for student debt could have a simulative effect on economic growth, household formation and homeownership among borrowers. The Federal Reserve Bank of New York had previously found that student debt was a driving force in decreasing home and automotive purchases among recent graduates.
The rate increase set to take effect on July 1 will directly affect millions of Americans while making college less affordable for prospective students. The Congressional Research Service estimated that the higher rate could cost average borrowers more than $1,000 to take out a subsidized federal loan. College graduates are saddled with an enormous debt burden - more than $1 trillion through 2013, according to The New York Times.
Media Matters conducted a Nexis search of transcripts of Sunday and evening (defined as 5 p.m. through 11 p.m.) programs on CNN, Fox News, MSNBC, and network broadcast news from May 23 through June 30. We identified and reviewed all segments that included any of the following keywords: student loan, college loan, student debt, college debt, student, debt, loan, and college.
The following programs were included in the data: World News with Diane Sawyer, This Week with George Stephanopoulos, Evening News (CBS), Face the Nation, Nightly News with Brian Williams, Meet the Press with David Gregory, Fox News Sunday, The Situation Room, Erin Burnett OutFront, Anderson Cooper 360, Piers Morgan Live, The Five, Special Report with Bret Baier, The O'Reilly Factor, Hannity, On the Record with Greta Van Susteren, Hardball with Chris Matthews, Politics Nation with Al Sharpton, All In with Chris Hayes, The Rachel Maddow Show, and The Last Word with Lawrence O'Donnell. For shows that air re-runs (such as Anderson Cooper 360 and Hardball with Chris Matthews), only the first airing was included in data retrieval.
Media Matters only included segments that had substantial discussion of increasing student debt or the July 1 interest rate deadline. We did not include teasers or clips of news events, and re-broadcasts of news packages that were already counted on their initial broadcast in the 5p.m. to 11p.m. window.
Despite a number of significant economic developments, major network and cable Sunday shows have been largely silent on the economy.
Media Matters research reveals that from May 12 to June 9, five major Sunday shows devoted only approximately 35 minutes of economic coverage.
During this time period, the Sunday shows were silent on the economy and missed an opportunity to cover significant developments.
Despite the various economic developments over this period, CNN and major network Sunday shows devoted little time to those stories. Only during the week of June 2 did coverage of the economy rise above five minutes, which provided three-quarters of the coverage for the entire five-week period.
In recent weeks, Sunday morning network news programs have virtually ignored economic issues, instead devoting hours of coverage to the September attacks on U.S. diplomatic facilities in Benghazi, Libya; improper targeting of conservative nonprofits by the Internal Revenue Service; controversial federal investigations of national security leaks; and new revelations about National Security Agency surveillance programs.
Media coverage of the automatic spending cuts commonly known as sequestration has tapered off since the policies went into effect on March 1. This drop in coverage comes as more Americans report having personally felt the effects of the cuts.
Sunday talk shows on NBC, CBS, and ABC compared reports that the Internal Review Service (IRS) applied extra scrutiny to conservative groups to President Nixon's Watergate scandal, a comparison which people who worked on both sides of the Watergate scandal agree is baseless.
Evening news coverage throughout April touched upon several economic issues, including income inequality, deficit reduction, and entitlement cuts. A Media Matters analysis of this coverage reveals that many of these segments lacked proper context or necessary input from economists, while some networks ignored certain issues entirely.
Broadcast and cable Sunday political talk shows featured previously debunked myths about the September 11, 2012 attacks on diplomatic facilities in Benghazi, Libya.
In the first three months of 2013, the broadcast networks' Sunday morning talk shows once again skewed strongly to the right and featured a startling lack of diversity among guests.
For better or worse, these shows -- ABC's This Week, CBS' Face the Nation, NBC's Meet the Press, and Fox Broadcasting Co.'s Fox News Sunday -- occupy an elevated space in the national political discussion. This is where influential people -- like senators, representatives, presidential administration officials, Fortune 500 chief executives, and leaders of prominent non-profit organizations, for example -- get to set the terms of debate and frame the issues of the week. The shows enjoy considerably high ratings as well -- approximately 10 million weekly viewers collectively, according to recent numbers from TV Newser.
With that in mind, who the broadcast Sunday shows invite on as guests has significant implications for how discussions on major issues are framed. And once again, Republicans and conservatives have an edge over Democrats and progressives on these programs.
The four broadcast networks' Sunday morning political talk shows guests skewed right during the first quarter of 2013. MSNBC's two Sunday programs featured far greater gender and ethnic diversity in its guests than the broadcast programs and CNN's Sunday morning political talk show.
Media figures have repeatedly forwarded the notion that the United States is currently facing a debt crisis. However, leaders of both parties agree there is no immediate crisis, and by focusing attention too heavily on deficit and debt reduction, the media distract from the more imminent problem of growth and jobs.
Throughout news coverage of recent budget negotiations, media figures have consistently framed discussions around the notion that the country faces a debt crisis, an assertion that is often presented uncritically and accepted as an indisputable fact. Since discussions are predicated on the assumption that a debt crisis exists, ensuing analysis of budget proposals is often solely focused on how far they go in reducing short term deficits and debt.
While media are convinced that a debt crisis exists, leaders of both parties have made explicit statements to the contrary. In a March 12 interview with ABC's George Stephanopoulos, President Obama claimed that "we don't have an immediate crisis in terms of debt," a statement that was immediately criticized by conservative media. When asked if he agreed with Obama's statement regarding debt on the March 17 edition of ABC's This Week, House Speaker John Boehner (R-OH) conceded that there is no immediate crisis. Rep. Paul Ryan (R-WI) made a similar admission on CBS' Face the Nation, saying "we do not have a debt crisis right now."
Furthermore, the media's focus on a "debt crisis" has necessarily steered the debate about budgets toward how the parties will sufficiently address short term deficits. Economists, meanwhile, have repeatedly argued that undue focus on deficits and debt distracts from the more pressing need for economic growth and reduced unemployment.
The bipartisan admission that there is no immediate debt crisis provides media with an opportunity to reframe their budget negotiations coverage around economic growth.
Video by Alan Pyke.
Fox News reporter Kelly Wright used a partial quote from Rep. Paul Ryan (R-WI) to paper over Ryan's acknowledgment that debt levels are stable for the near term, misrepresenting the debt conflict between President Obama and House Republicans.
On the March 17 edition of CBS News' Face the Nation, host Bob Schieffer asked Ryan about an interview Obama had previously given to ABC News, in which he observed that "we don't have an immediate crisis in terms of debt." Ryan conceded to Schieffer that "we don't have a debt crisis right now," going on to explain that Republicans differ with the president on how to handle the prospective crisis. From the March 17 edition of Face the Nation:
RYAN: To borrow a phrase from my friend Erskine Bowles and the fiscal commission, we're the healthiest looking horse in the glue factory. That means America is still a step ahead of the European nations who are confronting a debt crisis of Japan that's in its second lost decade. It's partly because of our resilient economy, our world currency status. So we do not have a debt crisis right now, but we see it coming, we know it's irrefutably happening. And the point we're trying to make in our budget is let's get ahead of this problem. Look we know that in a debt crisis you pull the rug out from under people living on the safety net, you cut seniors in retirement. This is what we're trying to avoid. The purpose of having a reasonable balanced budget like we're proposing is let's prevent a debt crisis from happening in the first place. If we keep kicking the can down the road, if we follow the president's lead or if we pass the Senate budget, then we will have a debt crisis. Then everybody gets hurt. You know who gets hurt first and the worst in a debt crisis? The poor and the elderly. That's what we're trying to prevent from happening. Pro-growth economic policies to get people working, to bring in more revenue, and get the entitlement system under control so it doesn't go bankrupt so people can seriously plan for the promises that government has made for them in retirement. That's what we're saying, is, let's prevent a debt crisis from happening, we know it's coming, this budget does that.
In the lead segment of the March 18 edition of Fox News' America's Newsroom, however, Wright excised Ryan's agreement with the president. After stating that despite Obama's "charm offensive," Republicans "remain skeptical about the president's sincerity," Wright offered a misleading paraphrase of Ryan's comments that implied that Obama's 'no immediate crisis' observation was a stumbling block in negotiations, rather than a point of common ground.
WRIGHT: But some Republicans remain skeptical about the president's sincerity. Congressman Paul Ryan, who we just heard from, expressed doubts after the president's recent comment that America is not in an immediate debt crisis. Ryan contends that America is teetering on the edge of a crisis, and that it will have serious repercussions.
[RYAN CLIP:] You know who gets hurt first and the worst in a debt crisis? The poor and the elderly. That's what we're trying to prevent from happening. Pro-growth economic policies to get people working, to bring in more revenue, and get the entitlement system under control so it doesn't go bankrupt so people can seriously plan for the promises that government has made for them in retirement. That's what we're saying, is, let's prevent a debt crisis from happening, we know it's coming, this budget does that.
This heavy truncation of Ryan's quote suggests disagreement where there is none: Both Ryan and House Speaker John Boehner (R-OH) agreed with the president's assessment that any crisis is not immediate. That's because debt levels are stable in the near term, a fact straight from the Congressional Budget Office. The White House and the congressional GOP dispute the proper policy response to these non-immediate, middle-distance fiscal issues, but the president's "immediate crisis" comments are not controversial.
President Obama and congressional Republicans agree about the importance of debt reduction, but dispute the timeline and architecture of that reduction. Ryan's belief that America is merely "the healthiest horse in the glue factory" may be misguided, but it is much more informative for fiscal debate watchers than Fox's focus on a ginned-up disagreement that Ryan and Boehner have already rejected.
MSNBC is giving Chris Hayes the network's 8 p.m. primetime weekday slot beginning in April. Hayes' current program, Up with Chris Hayes, has provided a beacon of diversity compared to the Sunday morning political talk shows on other major broadcast and cable networks, which overwhelmingly feature white men.
The Sunday morning edition of Up with Chris Hayes, which runs from 8 to 10 a.m., is currently more diverse than any of the Sunday morning talk shows on the other networks, as a Media Matters examination of guests since January 1 demonstrates. Most tellingly, white men make up 41 percent of total guests on Up with Chris Hayes (according to data from the U.S. Census, white men make up roughly 31 percent* of the U.S. population). In contrast, CBS' Face the Nation, Fox's Fox News Sunday, NBC's Meet the Press, CNN's State of the Union, and ABC's This Week host white men 66 percent, 64 percent, 64 percent, 67 percent, and 61 percent of the time, respectively.
Further, Up with Chris Hayes has more than double the proportion of African-American guests -- 21 percent -- as compared to each of the other programs. In all, 34 percent of guests on Up with Chris Hayes are non-white. Hayes also hosts more women -- 37 percent -- than any of the other networks' shows.
*This report originally stated that white men represented 39 percent of the U.S. general population. The correct figure is 31 percent. Media Matters regrets the error.