Economy

How Mississippi Defaulted On $7 Million Worth Of Bonds In 1841

6:22pm July 01, 2015

NPR's Robert Siegel speaks with Clifford Thies, a professor of economics and finance at Shenandoah University, about Mississippi's unpaid bonds from the 1840s and collecting on old state-owed debt.

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Greece Moves Forward With Referendum On Proposed Bailout

6:22pm July 01, 2015

by Joanna Kakissis

The Greek government's latest attempt to reopen talks with the EU seems to have fallen on deaf ears, while Greeks seem even more confused about what they will be voting for in Sunday's referendum.

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Puerto Rico Says With Restructuring It Can Pay Off Debts

6:22pm July 01, 2015

NPR's Rachel Martin speaks with Luis Vega Ramos, representative of Puerto Rico, about the commonwealth's debt deadline Wednesday. The governor says the island's $73 billion debt is unpayable.

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Conservative Kansas Legislature Turns Heads With Huge Tax Hike

4:01pm July 01, 2015

by Jim McLean

Kansas voters who put conservatives in charge are shaking their heads in disbelief. Lawmakers recently passed one of the largest tax hikes in state history rather than cutting spending.

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Puerto Rico's Governor Seeks To Delay Debt Payments

3:59pm July 01, 2015

by Greg Allen

Puerto Rico's governor said Monday night that the commonwealth can't pay its bills. He also said that big changes are needed to get the economy growing, so it can pay down its debt in the future.

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Brazilian President Mends Ties With President Obama On White House Visit

3:42pm July 01, 2015

by Scott Horsley

President Obama sought to downplay any major impact the Greek debt crisis could have on the U.S. economy. He spoke at a news conference with the president of Brazil and also addressed the ongoing talks on Iran's nuclear program and his administration's recent wins on the domestic policy front.

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People wait in line to withdraw euros from an ATM after Greece closed its banks Monday in Athens.

How Default Could Push Greece Out Of The Eurozone

3:42pm July 01, 2015

by Jim Zarroli

After missing a loan payment, Greece is one step closer to the possibility of quitting the euro, analysts say. And, they say, the crisis poses a danger to the eurozone itself.

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Export-Import Bank Set To Expire At Midnight After Congress Fails To Act

3:38pm July 01, 2015

by Peter Overby

The bank, which helps finance trade deals for U.S. companies, needed reapproval by June 30. Now it is living on borrowed time, after an anti-crony capitalism campaign driven by conservative groups.

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Greek Leader Reiterates Call For 'No' Vote In Referendum

1:16pm July 01, 2015

by Krishnadev Calamur

Prime Minister Alexis Tsipras insisted a rejection of creditors' proposals for a bailout did not mean Greece would leave the eurozone. Greece officially missed a loan payment to the IMF.

As Panama's Economy Booms, So Do Concerns Over Debt And The Environment

9:44am July 01, 2015

by Carrie Kahn

Panama's economy, while cooling in recent years, is still growing at astonishing rates compared to its neighbors. But environmental damage and huge government debt are part of the package.

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