Economy

Greece Seeks New Bailout From Eurozone, Misses Loan Payment

7:13pm June 30, 2015

by Krishnadev Calamur

The Greek government, as expected, didn't make the payment that was due Tuesday. It's asking its international creditors to provide more cash, while easing up on austerity demands.

A Financial Tragedy Plays Out In Greece: No Money And Debt Is Due

6:42pm June 30, 2015

Greece's bailout money is gone, and it will miss a payment due to the IMF. Linda Wertheimer talks to Joanna Kakissis and Peter Spiegel of The Financial Times about Greece's tenuous hold on the Euro.

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Obama Expected To Release Rule Governing Overtime

6:36pm June 30, 2015

by Scott Horsley

The plan raises the cap under which most workers must get overtime for working more than 40 hours a week. It doesn't require congressional approval, but is expected to be criticized by businesses.

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Debate Begins: New OT Rules Will Raise Wages — Or Kill Jobs

5:20pm June 30, 2015

by Marilyn Geewax

The Labor Department plans to change a rule so that 5 million more Americans will be able to collect overtime pay. Business groups say the change will hurt hiring, but labor groups are applauding.

A collection of old Greek Drachma and euro notes and coins.

Wisdom Of The Crowds? Online Effort Seeks To Raise Funds For Greece

4:42pm June 30, 2015

by Krishnadev Calamur

A crowd-funding effort to get the $1.8 billion Greece needs to make a loan payment to the International Monetary Fund has so far raised $124,569. Donors get gifts ranging from salads to gift baskets.

Like Greece, Cash-Strapped Puerto Rico Needs A Fiscal Lifeline

1:00pm June 30, 2015

by Jim Zarroli

Is Puerto Rico America's Greece? Like Greece, Puerto Rico is running out of money and needs more time to pay its bills. There are many similarities, but also important differences.

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Greeks Brace For The Fallout As Deadline Looms

1:00pm June 30, 2015

by Joanna Kakissis

Greeks have lurched from one crisis to another in recent years and have learned to cope with uncertainty. Still, many are worried about what could happen when Greece misses a payment Tuesday.

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The EU and national flags fly in the foreground of the Parthenon, as Greek voters prepare to decide whether to continue negotiating for more international loans.

If The Mess In Greece Is All Greek To You, Then Read This

10:59am June 30, 2015

by Marilyn Geewax

This week, Greek will miss a $1.73 billion payment to the International Monetary Fund. The debt crisis has the potential to create financial, economic and geopolitical trouble for Americans.

U.S. Encourages Europe To Keep Greece In The Eurozone

6:32pm June 29, 2015

NPR's Robert Siegel interviews Ivo Daalder, president of the Chicago Council on Global Affairs, about how a Greek departure from the eurozone would impact the United States politically.

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Supporters of same-sex marriages gather outside the U.S. Supreme Court on April 28, in Washington, D.C.

The Economic Reality Of The Same-Sex Marriage Ruling

6:32pm June 29, 2015

by Charles Lane

From less-complicated tax filing to reducing uncertainty over medical decisions, the Supreme Court's ruling will have a wide impact on same-sex households. It will also affect corporate policies.

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