Economy

Evaluating India's Radical Experiment In Eliminating High-Value Currency

8:36am May 18, 2017

by Stacey Vanek Smith

India abolished its highest-value currency notes last November, in an effort to rein in hoarders of big bills who evade tax. Six months later, how is it working?

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Economy

High Point Leaders Announce Development Around Future Downtown Stadium

4:45pm May 17, 2017

by Keri Brown

High Point University's president will lead a city effort to build a baseball stadium and create more development near the site.

The Tongass National Forest, near Ketchikan, Alaska. The spruce, hemlock and cedar trees of the Tongass have been a source of timber for the logging industry.

Leaving Timber Behind, An Alaska Town Turns To Tourism

4:37pm May 17, 2017

by Melissa Block

Timber used to be the economic engine of Ketchikan, Alaska, but after the pulp mill there closed in the '90s, the town turned to tourism.

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Puerto Rico Begins Hearings To Restructure Billions Of Dollars In Debt

4:37pm May 17, 2017

by Greg Allen

In San Juan, Puerto Rico, a federal judge Wednesday held a hearing to begin restructuring the U.S. territory's $74 billion public debt. It's a process akin to bankruptcy, in which bondholders, public employees and retirees owed pensions are all fighting for what's owed to them.

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Dow Jones Drops By 300 Points As Trump Remains Embroiled In Controversy

4:37pm May 17, 2017

by Yuki Noguchi

The Dow Jones Industrial Average was down about 300 points Wednesday as questions mounted about President Trump's ability to get his agenda through Congress.

A mural displays notable historical figures and a fading Puerto Rican flag on a dilapidated building in San Juan earlier this month. Between its public-sector debt and money owed pension funds, the U.S. territory is grappling with more than $120 billion i

Puerto Rico Embarks On Historically Huge Debt Protection Hearings

2:31pm May 17, 2017

by Colin Dwyer

Between its public-sector debt and what it owes pension funds, the U.S. territory's bills exceed $120 billion. That makes for some difficult decisions in court, which opened hearings Wednesday.

A Tale Of Four Famines

1:38pm May 17, 2017

Climate and conflict have left millions with little to no access to food in Somalia, South Sudan, Nigeria and Yemen.

Hearings Begin On Puerto Rico Debt Crisis

5:02am May 17, 2017

by Greg Allen

A federal judge in Puerto Rico is holding the first hearing in what's expected to be a lengthy battle over the island's $123 billion debt. It's a process similar to bankruptcy.

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President Trump celebrated House passage of legislation to roll back the Affordable Care Act in the Rose Garden of the White House on May 4.

Trump Refusal to 'Bail Out' Insurers Might End Up Making Policies Cheaper

11:58am May 16, 2017

by Alison Kodjak

It's a weird twist: If the government refuses to reimburse insurance companies for cost-sharing subsidies, it could make health insurance a lot cheaper for people buying on the exchanges in 2018.

Graduate cap weight pulls a student down a mountain.

Can't Pay Your Student Loans? The Government May Come After Your House

3:44am May 14, 2017

by Bobby Allyn

A new federal program in 19 cities around the country allows the government to sue for unpaid student loan debt.

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