Economy

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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Economy

Martha Stewart's Company Sold For A Fraction Of Its Previous Worth

9:19am July 01, 2015

At its height, Martha Stewart Living Omnimedia was worth $2 billion. Her company is being sold to Sequential Brands Group for $353 million. Linda Wertheimer talks to brand analyst Liz Dunn.

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Online Fund Started To Raise Money For Greece's Debt

9:19am July 01, 2015

by Jackie Northam

Thom Feeney of London says he was fed up with the showdowns between Greece and its creditors. He started a campaign called Greek Bailout Fund to raise 1.6 billion euros to help pay Greece's debt.

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Greek Government Offers Last-Minute Plan To Avoid Default

7:14pm June 30, 2015

by Joanna Kakissis

On the day it is due to miss a crucial payment to the International Monetary Fund, Greece made a last minute appeal to the European Union to restart talks about how to deal with the country's debts.

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Greece's Economic Crisis Presents Major Challenge To The Euro

7:14pm June 30, 2015

NPR's Robert Siegel interviews Kathleen R. McNamara, director of the Mortara Center for International Studies at Georgetown University about what the Greek referendum means to Greece and Europe.

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