Marilyn Geewax

Marilyn Geewax is a senior editor, assigning and editing business radio stories. She also serves as the national economics correspondent for the NPR web site, and regularly discusses economic issues on Tell Me More and Here & Now.

Her work contributed to NPR's 2011 Edward R. Murrow Award for hard news for "The Foreclosure Nightmare." Geewax also worked on the foreclosure-crisis coverage that was recognized with a 2009 Heywood Broun Award.

Before to joining NPR in 2008, Geewax served as the national economics correspondent for Cox Newspapers' Washington Bureau. Before that, she worked at Cox's flagship paper, the Atlanta Journal-Constitution, first as a business reporter and then as a columnist and editorial board member. She got her start as a reporter for the Akron Beacon Journal.

Over the years, she has filed business news stories from China, Japan, South Africa and Europe.

Geewax was a 1994-95 Nieman Fellow at Harvard, where she studied economics and international relations. She earned a master's degree at Georgetown University, focusing on international economic affairs, and has a bachelor's degree in journalism from The Ohio State University.

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11:23am

Fri October 5, 2012
Business

One Jobs Report, Two Different Political Spins

Originally published on Fri October 5, 2012 2:22 pm

Democrats say the economy is growing and jobs consistently are being added. But Republicans note that the pace is far too slow to absorb the more than 12 million people still looking for work.
Mladen Antonov AFP/Getty Images

With a new report showing the nation's unemployment rate fell to 7.8 percent last month, the Obama administration got good news Friday: Jobs are indeed growing. But, as Republicans noted, the pace remains well below the level needed to provide paychecks for the 12.1 million people seeking them.

The truth is, each party could find evidence to support either a positive or negative spin on the labor market, which is recovering — yet weak.

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6:35am

Wed October 3, 2012
Election 2012

Before The Debate, Brush Up On Buzzwords

Originally published on Wed October 3, 2012 7:56 am

The General Motors headquarters in Detroit. The U.S. government bailout of GM and Chrysler has been a key economic issue in the presidential campaign.
Carlos Osorio AP

In their first debate Wednesday night, the two presidential candidates will explain their plans for fixing the U.S. economy.

Good luck.

The problems are complicated and long-standing, so the solutions may not be easy to spell out in the two minutes allowed for each answer under the debate rules.

But President Obama, the Democratic incumbent, and former Gov. Mitt Romney, his Republican challenger, will try, and about 60 million people are expected to tune in. This first debate will focus on domestic issues, with the economy topping the list of homefront problems.

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11:10am

Mon October 1, 2012
The Two-Way

Report: If Congress Ignores 'Fiscal Cliff,' Most Americans Will Pay More Taxes

In this Nov. 19, 2011 fie photo the U.S. Capitol building is seen in Washington.
Pablo Martinez Monsivais AP

Unless Congress passes legislation in a lame-duck session, taxes will be higher by a half-trillion dollars next year, costing the average household nearly $3,500 a year, according to a just-released report by the Urban-Brookings Tax Policy Center.

After studying details of the tax changes now set to take effect for 2013, the researchers were struck by "how big the tax increase is," said Eric Toder, one of those researchers. "It's a huge, huge number."

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2:22pm

Wed September 26, 2012
The Two-Way

Freddie Mac Didn't Harm Homeowners, Inspector General Says

In January, NPR and ProPublica reported on a potential conflict of interest at Freddie Mac, a mortgage giant sponsored by the federal government. The stories noted that even as Freddie Mac was writing rules making it harder for homeowners to refinance their mortgages, it also was stepping up investments in securities that gain when homeowners remain stuck in high-rate loans.

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12:48pm

Tue September 25, 2012
Economy

Two Plans For Fixing The Economy, But Few Details

Job seekers fill out applications Aug. 21 at a construction job fair in New York. Polls show voters want the presidential candidates to provide more details on how they would reduce unemployment, change tax policy and alter government spending.
Seth Wenig AP

As this presidential election year was kicking off, strategists were saying the focus would be on the economy. But now — even as absentee ballots are being filled in — the candidates are still dodging details about how to improve growth.

"President Obama doesn't have a plan," says Kevin Hassett, an economic adviser to Republican candidate Mitt Romney.

Jeffrey Liebman, an economic adviser to President Obama, says Romney has revealed no plan other than "going back to the failed policies of the past decade."

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10:14am

Thu September 20, 2012
U.S.

'Fiscal Cliff' Scenarios Leave Economists On Edge

Originally published on Thu September 20, 2012 1:46 pm

Economists hope lawmakers can avert a "fiscal cliff" after November's election, but what if Congress runs out of time?
Pablo Martinez Monsivais AP

Members of Congress are about to flee Capitol Hill, and they'll be gone until Nov. 13, one week after Election Day.

As they shift to full-time campaigning, lawmakers are leaving behind many questions about the "fiscal cliff," a massive cluster of automatic spending cuts and tax-break expirations that come together around year's end.

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5:32pm

Thu September 6, 2012
Business

Stocks Get Bounce From Europe; Focus Turns To Jobs

Traders on the floor of the New York Stock Exchange on Aug. 9. Economic developments on both sides of the Atlantic could have a big impact on the U.S. presidential election.
Richard Drew AP

As the political conventions wrap up, talking points concerning the economy may seem locked into place: Growth is continuing, but at a slow pace.

Don't be fooled.

There's still plenty of time for big surprises, and Thursday provided a stunning example. Stock prices shot to highs not seen in years.

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2:21pm

Fri August 31, 2012
U.S.

Gas Prices Expected To Retreat As Isaac Fades

Originally published on Fri August 31, 2012 5:12 pm

A man fills his gas tank Wednesday in Lyndhurst, Ohio. Gas prices surged as Isaac approached, but are expected to ease after Labor Day.
Tony Dejak AP

As a tropical storm was gathering strength last week, fears were growing that the fierce winds might knock out Gulf Coast refineries, send gasoline prices soaring and seriously damage the U.S. economy.

But when Hurricane Isaac slammed into the Gulf Coast on Tuesday, it was only a Category 1 hurricane, far weaker than Katrina, the monster storm that hit seven years ago.

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9:52am

Thu August 30, 2012
Economy

Who Really Changes The Economy?

Originally published on Thu August 30, 2012 10:05 am

Microsoft co-founder Bill Gates
AP

With Election Day drawing closer, each presidential candidate is pushing harder to make the case that he would be a better leader for the economy.

And voters are listening to the pitches. A recent Washington Post-ABC poll showed that nearly 3 in 4 Americans say the candidate's approach to the economy will be a "major factor" in deciding between President Obama and Gov. Mitt Romney.

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9:04am

Mon August 27, 2012
Business

As Conventions Begin, Where Is The U.S. Economy?

Originally published on Mon August 27, 2012 1:52 pm

Sales of new homes, like this one in Palo Alto, Calif., rose 3.6 percent in July.
Paul Sakuma AP

In late August of 2008, just as delegates were coming together for their political-party conventions, the U.S. economy was falling apart. Home sales were shutting down, employers were slashing payrolls, and financial institutions were lurching toward chaos.

Subsequent weeks saw political leaders and regulators fighting through one gut-wrenching day after another, trying to avert a complete collapse of global markets. On Sept. 24, Republican presidential candidate John McCain temporarily suspended his campaign to help Congress develop financial bailout plans.

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1:40pm

Tue August 14, 2012
Economy

Back-To-School Shoppers Open Wallets, But Carefully

Originally published on Tue August 14, 2012 4:29 pm

Shoppers walk along Chicago's Michigan Avenue last month.
Sitthixay Ditthavong AP

After months of sitting on their wallets, Americans went shopping in July. The uptick reported Tuesday is boosting economists' hopes for a reasonably strong back-to-school season. And retailers are looking for clues about how the holiday shopping season will turn out later in the year.

"This is a good report," Chris Christopher, an economist with IHS Global Insight, a forecasting firm, wrote in an assessment of the latest report. "It indicates that consumers came back after hunkering down" during the year's first half when sales were "dismal."

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2:57pm

Fri July 27, 2012
Economy

Will A Slowing GDP Nudge The Fed To Do More?

Federal Reserve Chairman Ben Bernanke appears before the House Financial Services Committee July 18. Economists expect Fed policymakers to consider further steps to boost growth when they meet next week.
J. Scott Applewhite AP

The Commerce Department's latest report confirms that economic growth was as lousy this spring as you suspected it was.

Now the question is: Can anyone do anything to make it better in the year's second half?

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1:42pm

Wed July 25, 2012
Economy

Pray For Rain: Food Prices Heading Higher

Originally published on Wed July 25, 2012 3:30 pm

A "historically low inventory" of cattle and hogs is driving up meat prices, a trend that's expected to continue next year, USDA economist Richard Volpe says.
Justin Lane EPA/Landov

A fierce drought has been scorching crops this summer, but it's still too soon to know exactly how much of a hole it will burn in your wallet.

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3:22pm

Fri July 20, 2012
Business

Romney's 1040: Tax Terms An Accountant Would Love

Originally published on Fri July 20, 2012 4:17 pm

iStockphoto.com

For weeks, Democrats have been trying to call voters' attention to the financial dealings of Mitt Romney, the presumptive Republican presidential nominee.

Supporters of President Obama, the Democratic Party's candidate, have been suggesting that Romney has exploited tax shelters and offshore accounts to build and protect his wealth in ways that average taxpayers would never be able to do.

They are demanding Romney release many years of tax returns.

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4:49pm

Wed July 18, 2012
The Two-Way

Is American Stalling On A Merger With US Airways?

Originally published on Wed July 18, 2012 9:05 pm

US Airways CEO Doug Parker waits to be introduced prior to his address to a National Press Club Newsmaker Luncheon in Washington, DC.
Alex Wong Getty Images

Could it be that American Airlines CEO Tom Horton is resisting the warm embrace of US Airways CEO Doug Parker over a little thing like money?

During a National Press Club luncheon Wednesday, Parker didn't exactly shoot down suggestions that American's leadership has been stalling on a merger of the two carriers because of the potential for personal gain.

Asked whether Horton is focused on the payday he would get if American were to remain independent a while longer, Parker hesitated. For more than 8 seconds, his answer was: "Um. The. Uh. Let's see."

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