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Preview: NPR Topics: Economy

Economy : NPR

NPR news on the U.S. and world economy, the World Bank, and Federal Reserve. Commentary on economic trends. Subscribe to NPR Economy podcasts and RSS feeds.

Last Build Date: Thu, 19 Jan 2017 16:27:00 -0500

Copyright: Copyright 2017 NPR - For Personal Use Only

Trump Treasury Nominee Defends Role In Foreclosure Crisis

Thu, 19 Jan 2017 16:27:00 -0500

Steven Mnuchin, Donald Trump's pick for treasury secretary, said the bank he ran did what it could to minimize foreclosures during the financial crisis. He also defended his use of offshore accounts for hedge fund clients, while acknowledging the need to close loopholes. Mnuchin also told lawmakers he thinks the Internal Revenue Service needs a bigger staff and better technology.

Mnuchin Likely To Face Questions Over Role In Foreclosures

Thu, 19 Jan 2017 05:08:00 -0500

Treasury secretary pick Steve Mnuchin is expected to face hard questions at his confirmation hearing. During the financial crisis, Mnuchin led a bank that foreclosed on thousands of homeowners.

Boeing To Start Trump Era With New Wave Of Downsizing

Thu, 19 Jan 2017 04:52:00 -0500

Aviation giant Boeing, a corporate sponsor of the inauguration and one of the country's largest exporters, is planning new buyouts and layoffs on top of nearly 11,000 job cuts last year.

'Always Home': Martial Arts Teacher Helps Rebuild Pride In Oklahoma Town

Wed, 18 Jan 2017 17:40:00 -0500

Brownie Harjo runs a martial arts studio in the oldest building in Holdenville, Okla. Though the small town has seen better days, Harjo believes Holdenville still has potential.

Ex-Democrat Wilbur Ross Makes Some Republicans Nervous At Confirmation Hearing

Wed, 18 Jan 2017 16:32:00 -0500

The Commerce Secretary nominee signaled that the Trump administration would respond aggressively to trade violations, but several GOP senators worried that such confrontations could harm the economy.

Trump's Picks For Special Advisers Present Potential Ethical Issues

Wed, 18 Jan 2017 16:32:00 -0500

President-elect Trump has named two businessmen as special advisers: Wall Street legend Carl Icahn and former New York City Mayor Rudy Giuliani. Icahn will advise the White House on regulatory reform and Giuliani on cybersecurity. But Icahn makes billions through Wall Street trading, and Giuliani makes millions from his security consulting firm, which presents some potential ethical issues.

Gulf Between Richest And Poorest Is Wider Than Previously Thought, Oxfam Says

Tue, 17 Jan 2017 16:54:00 -0500

Last year, Oxfam said the world's richest 62 people had as much money as the poorest 3.6 billion. Turns out those numbers were wrong: The richest nine people had as much wealth as half the planet.

Harvard Economist: History Will Judge Obama As A 'Great President'

Tue, 17 Jan 2017 16:40:00 -0500

NPR's Robert Siegel speaks with Harvard economist Kenneth Rogoff about President Obama's economic legacy.

Who's Lifting Chinese People Out Of Poverty?

Tue, 17 Jan 2017 14:56:00 -0500

China says it has lifted hundreds of millions out of poverty. But who's doing the lifting? And why use the term "lifting" in the first place?

More People Over 60 Are Struggling To Pay Off Student Loans, Report Finds

Tue, 17 Jan 2017 14:24:00 -0500

The Consumer Financial Protection Bureau found the number of people 60 and older with student loan debt has quadrupled in the past decade. Most loans were taken out on behalf of a child or grandchild.

China's Xi Jinping Defends Globalization In First-Ever Speech At World Economic Forum

Tue, 17 Jan 2017 09:47:00 -0500

"No one will emerge as a winner in a trade war," the Chinese president said in Davos, Switzerland. He responded to statements by U.S. President-elect Donald Trump, without mentioning his name.

2 Economists With Opposing Views Weigh In On Trump's Economic Plan

Tue, 17 Jan 2017 05:13:00 -0500

Steve Inskeep talks to Jared Bernstein, a former chief economist to Vice President Biden, and Peter Morici, a professor and columnist, about Trump's picks for commerce and treasury secretaries.

Congressional Republicans Take Aim At Taxes On Imports And Exports

Tue, 17 Jan 2017 05:13:00 -0500

Big box retailers and advocates for the poor are teaming up for what could be a fight with congressional Republicans who want to change the corporate tax code. At issue is the border adjustment tax.

After The Brexit Vote, Why Has The U.K. Economy Proved So Resilient?

Mon, 16 Jan 2017 04:58:00 -0500

British politicians warned a vote for Brexit would damage the economy of the United Kingdom. Six months after the referendum, its economy is doing much better than predicted. Why?

A Mix Of Factors, Not Just Mexico, Cause Decline In U.S. Manufacturing

Sat, 14 Jan 2017 08:02:45 -0500

President-elect Trump has said American auto workers are losing their jobs because auto companies like General Motors are making cars in Mexico instead. GM says that it's about supply and demand.