Business

Wal-Mart Threatens To Pull Out Of D.C. Over Wage Requirements

Wal-Mart says it will not build three of the six stores planned for Washington, D.C., after the city council passed a bill that would require the retailer to pay a wage nearly 50 percent higher than the city's minimum wage. Those three stores would be located in mostly low-income areas, with high unemployment and few places to shop. A similar situation once played out in Chicago.

Egypt's Economic Health Needs Outside Help

Egypt desperately needs foreign assistance to keep its economy from collapsing. The country's neighbors have been stepping up, dwarfing U.S. economic aid since the fall of Hosni Mubarak in 2011. To discuss Egypt's immediate financial issues, Renee Montagne talks to Mohsin Khan, a senior fellow at the Rafik Hariri Center for the Middle East at the Atlantic Council and the former director of the Middle East Department at the International Monetary Fund.