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.

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Economy
4:28 pm
Fri July 3, 2015

Debt Crisis Puts The Squeeze On Greece's Banks

Pensioners queue outside a national bank branch in Athens on Thursday. Greek banks are running out of cash and the situation poses further danger to the economy, analysts say.
Aris Messinis AFP/Getty Images

Originally published on Fri July 3, 2015 6:31 pm

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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Economy
11:17 am
Thu July 2, 2015

In June Jobs Report, Positive Numbers Belie Frustrations Beneath Surface

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Economy
2:22 am
Thu July 2, 2015

Jobs Report Expected To Show 'Stronger Momentum' In Economy

Originally published on Thu July 2, 2015 8:16 am

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.

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Europe
4:15 pm
Tue June 30, 2015

How Default Could Push Greece Out Of The Eurozone

People wait in line to withdraw euros from an ATM after Greece closed its banks Monday in Athens.
Milos Bicanski Getty Images

Originally published on Tue June 30, 2015 7:39 pm

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.

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Latin America
5:25 pm
Mon June 29, 2015

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

Originally published on Tue June 30, 2015 5:52 am

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

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The Two-Way
11:35 pm
Sun June 28, 2015

Economic Crisis Looms For Puerto Rico, Report Says

Puerto Rico Gov. Alejandro Garcia Padilla in April delivered his budget address for the next fiscal year at the Capitol building in San Juan.
Ricardo Arduengo AP

Originally published on Mon June 29, 2015 6:46 pm

A report obtained by NPR paints a bleak portrait of Puerto Rico's economic future, saying its deficit is much larger than previously thought.

"Puerto Rico faces hard times," says the report which was commissioned by the Government Development Bank and written by three former and current International Monetary Fund economists. It is to be released on Monday.

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Europe
5:40 pm
Mon June 22, 2015

EU Leaders Consider Economic Reform Proposal To Prevent Greek Default

Originally published on Mon June 22, 2015 10:32 pm

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Economy
4:59 am
Mon June 22, 2015

Summit To Concentrate On Greece's Impending Deadline To Repay IMF Loan

Demonstrators hold flags and banners during a protest march in solidarity with Greece in Brussels on Sunday. Heads of state in the eurozone will meet in Brussels on Monday for a special summit to discuss the financial crisis with Greece.
Virginia Mayo AP

Originally published on Mon June 22, 2015 6:54 pm

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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Europe
5:11 pm
Sun June 21, 2015

Will Monday's Greek Debt Talks Result In A Deal?

Originally published on Sun June 21, 2015 6:18 pm

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U.S.
6:47 pm
Thu June 11, 2015

U.S. Export-Import Bank Targeted By Conservatives

A Boeing 737 at the company's factory in Renton, Wash. Foreign airlines that want to buy Boeing planes often do so with loans underwritten by the Export-Import Bank.
Saul Loeb AP

Originally published on Thu June 11, 2015 7:48 pm

Republicans are often seen as the party of business. So it's a little ironic that some of the most vocal opposition to the Export-Import Bank comes from conservative Republicans, such as Ohio Rep. Jim Jordan.

"If we're ever going to get rid of all the corporate connectedness, all the corporate welfare, you've got to start with the most egregious one and the most obvious one and that's the Export-Import Bank," he says.

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Business
4:22 pm
Tue May 26, 2015

Charter Communications To Buy Time Warner Cable For $55 Billion

Originally published on Wed May 27, 2015 6:17 am

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Economy
4:56 pm
Wed May 20, 2015

Major Banks Agree To Pay More Than $5 Billion Over Currency Fixing

Originally published on Wed May 20, 2015 7:17 pm

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Law
11:15 am
Wed May 20, 2015

'Cartel' Of 4 Big Banks To Plead Guilty To Gaming The Exchange Rate

Originally published on Wed May 20, 2015 12:09 pm

Four major banks — Citicorp, JPMorgan Chase, Barclays and the Royal Bank of Scotland — have agreed to plead guilty to currency manipulation and pay over $5 billion in fines. Officials say that traders from the banks, who allegedly called themselves "the cartel," used secret codes to manipulate the exchange rate between U.S. dollars and Euros. Meanwhile, the Justice Department has taken the unusual step of tossing out what's called a deferred prosecution agreement against a fifth bank.

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Business
5:16 am
Fri May 15, 2015

SEC Investigates Bogus Bid For Avon

Originally published on Fri May 15, 2015 7:57 am

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

Business
4:57 pm
Tue May 12, 2015

Verizon Buys AOL In $4.4 Billion Deal

Originally published on Tue May 12, 2015 7:22 pm

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Business
9:33 am
Tue May 12, 2015

Verizon Acquires AOL For $4.4 Billion

Originally published on Tue May 12, 2015 10:11 am

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

Business
4:30 pm
Thu May 7, 2015

Whole Foods To Open Lower-Cost Stores For Millennials

Originally published on Thu May 7, 2015 7:28 pm

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

All Tech Considered
4:29 pm
Fri May 1, 2015

The Annual Shareholders' Meeting Will Now Come To Order Online

Dynegy is one of a growing number of companies to hold meetings online.
Dynegy/Broadridge

Originally published on Fri May 1, 2015 9:18 pm

The annual meeting is a staple of corporate life. It's a chance for even a small shareholder to take the measure of a company's managers, to ask a question or express a beef about a company actions.

But here's the dirty secret about shareholder meetings: Unless the company is huge or there's some controversy going on, hardly anyone shows up.

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Business
10:11 am
Sat April 25, 2015

Who, Or What, Crashed The Market In A Flash In 2010?

A reporter stands outside the front door of a house registered to a trading company operated by Navinder Singh Sarao in Hounslow, west of London. on April 22, 2015. Sarao was arrested in connection with the Wall Street flash crash of 2010.
Adrian Dennis AFP/Getty Images

Originally published on Mon April 27, 2015 2:15 pm

It has been five years since the so-called flash crash on Wall Street raised big questions about computerized trading. What caused the flash crash has been a topic of debate ever since. U.S. officials revived the debate this week by arresting a little-known trader in London.

May 6, 2010 started out as an ordinary trading day on Wall Street. Then, at around 2:45 in the afternoon, the Dow Jones Industrial Average plunged nearly 600 points within the space of a few minutes, before correcting itself.

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Business
4:51 pm
Wed April 22, 2015

Comcast, Time Warner Push For Merger Approval Amid Opposition

Federal regulators are considering whether to approve the proposed $45 billion merger of Comcast and Time Warner Cable.
Joe Raedle Getty Images

Originally published on Thu April 23, 2015 8:17 am

Officials of Comcast and Time Warner Cable met Wednesday with federal regulators to discuss the companies' proposed $45 billion merger. The deal would create a single company that would control large parts of the cable TV and broadband Internet markets.

A published report said recently that Justice Department staff members have decided to oppose the deal on antitrust grounds. But company officials are using a lot of firepower to get the deal approved.

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