Jim Zarroli

Jim Zarroli is a business reporter for NPR News, based at NPR's New York bureau.

He covers economics and business news including fiscal policy, the Federal Reserve, the job market and taxes

Over the years, he's reported on recessions and booms, crashes and rallies, and a long string of tax dodgers, insider traders and Ponzi schemers. He's been heavily involved in the coverage of the European debt crisis and the bank bailouts in the United States.

Prior to moving into his current role, Zarroli served as a New York-based general assignment reporter for NPR News. While in this position he covered the United Nations during the first Gulf War. Zarroli added to NPR's coverage of the aftermath of Hurricane Katrina, the London transit bombings and the September 11, 2001 attacks on the World Trade Center.

Before joining the NPR in 1996, Zarroli worked for the Pittsburgh Press and wrote for various print publications.

Zarroli graduated from Pennsylvania State University.

Almost as soon as it was unveiled, opponents were lining up to oppose President Obama's new plan to limit carbon emissions. The new rules would require states to lower their carbon emissions by nearly a third over the next decade and a half.

The rules will deal a big blow to some energy sectors — especially coal. But there are also industries that will benefit from the plan.

Nick Lapatas spent 18 years living in Chicago. Then he returned home to Greece and bought a small farm. Today he and his son sell tomatoes in an open-air market in Athens. Despite the depressed economy and cheaper imports from Bulgaria and Albania, he's doing OK.

"I don't know how, but we are making some money," he says. "Now, what is going to happen a month from now, I don't know."

This week the Greek Parliament approved a set of reforms it hopes will lead a new bailout. The country remains under strict capital controls that bar people from sending money abroad. In a country that imports much of what it uses and eats, that's having a debilitating effect on the economy.

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Whatever comes of the latest bailout plan for Greece, it may not be enough to save the country's economy, a new report from the International Monetary Fund says.

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And more now on Scott Walker's tenure as governor of Wisconsin. Since he took office, unemployment in his state has fallen and growth has resumed. But critics say Wisconsin's rebound is less impressive than it might seem. NPR's Jim Zarroli reports.

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As they rapidly run out of cash, Greece's banks could hardly be in a more precarious position.

For months, as this crisis has intensified people have been slowly withdrawing their money. The banks have been able to do business only because of emergency loans from the European Central Bank.

But when Greece missed a payment to the International Monetary Fund this week, the ECB decided not to lend any more money.

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Economists surveyed by Reuters are predicting that employers added about 230,000 jobs to their payrolls in June. That's less than the month before but still a pretty strong showing.

Because of the Independence Day holiday, the unemployment report is being released on Thursday at 8:30 a.m. ET. It is normally issued on a Friday.

The U.S. economy slowed a lot over the winter, but as the weather has improved so has the job market. On Wednesday, the payroll processing company ADP said private employers added about 237,000 jobs in June — the biggest gain since December.

This story was updated at 7 p.m. ET.

The deadline passed Tuesday evening for Greece to make a key loan payment to the International Monetary Fund — putting it a step closer toward quitting the euro.

It's not just the Lucky Charms that are getting a makeover at General Mills. The company's announcement Monday that it is removing artificial colors and flavors from its cereal line is part of a much bigger overhaul at the food giant.

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European leaders hold an emergency summit in Brussels on Monday in an effort to prevent Greece from defaulting on its debts. Greece owes the International Monetary Fund $1.8 billion by the end of this month, and it needs Europe's help to make the payment. But the Athens government is refusing to commit to an economic overhaul package that officials are demanding.

Greece has come close to default many times before — only to work out a last-minute compromise with its creditors. This time, though, it faces much longer odds.

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