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NPR's business news starts with a man, a plan, a canal.

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MONTAGNE: Not Panama this time. This canal is in Nicaragua. Yesterday, the Nicaraguan congress granted a Chinese tycoon the exclusive right to develop a multi-billion dollar rival to the Panama Canal. The bill grants the investor 50 years of control over the potential shipping route - pending a study of its viability. Transcript provided by NPR, Copyright NPR.

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RENEE MONTAGNE, HOST:

This is MORNING EDITION, from NPR News. I'm Renee Montagne.

LINDA WERTHEIMER, HOST:

And I'm Linda Wertheimer. The Obama administration has shifted policy on Syria with an announcement, last night, that it will step up support for rebels who've been losing ground in recent weeks. The White House says it will start providing direct military support to rebel commanders.

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LINDA WERTHEIMER, HOST:

This is MORNING EDITION from NPR News. I'm Linda Wertheimer.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne.

They're calling it the Road to Majority. It's the third annual meeting of conservative religious activists with the Faith and Freedom Coalition. The conference is underway now in Washington, D.C. Its stated aim: To boost the conservative vote for next year's midterm election.

As NPR's David Welna reports, it's also a platform for Republican stars eyeing the White House in 2016.

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Kevyn Orr will ask unions, retirees and banks to take big losses on debt the city just can't afford to pay. But Orr is walking a fine line trying to convince those parties to accept a bankruptcy-style settlement, without actually going to bankruptcy court — at least, not yet.