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Wisdom Of The Crowds? Online Effort Seeks To Raise Funds For Greece

A crowd-funding effort to get the $1.8 billion Greece needs to make a loan payment to the International Monetary Fund has so far raised $124,569. Donors get gifts ranging from salads to gift baskets.
NPR

Greece Seeks New Bailout From Eurozone

European finance ministers are meeting at 2 p.m. ET to consider the Greek proposal. The country has until 5 p.m. ET to make a loan payment to the International Monetary Fund.
NPR

As Budget Deadline Approaches, Illinois Faces A Government Shutdown

The budget expires on Tuesday and there's no sign of agreement on a new one. It's the first time in a dozen years that the solidly Democratic legislature has had to deal with a Republican governor.
NPR

Congress Leaves For Recess Without Reauthorizing Export-Import Bank

A government agency is about to close. The Export-Import Bank has helped U.S. companies sell goods abroad for decades, but it will likely wind down operations after July 1 if Congress doesn't act.
NPR

A Financial Tragedy Plays Out In Greece: No Money And Debt Is Due

Greece's bailout money is gone, and it will miss a payment due to the IMF. Linda Wertheimer talks to Joanna Kakissis and Peter Spiegel of The Financial Times about Greece's tenuous hold on the Euro.
NPR

Facing Massive Debt, Puerto Ricans Warned Belt Tightening Will Be Needed

Puerto Rico's governor says the U.S. territory will be unable to pay off some of its more than $72 billion debt, and that terms will have to be renegotiated. He's also calling for big budget cuts.
NPR

Obama Expected To Release Rule Governing Overtime

The plan raises the cap under which most workers must get overtime for working more than 40 hours a week. It doesn't require congressional approval, but is expected to be criticized by businesses.
NPR

President Pitches Overtime Rule That Could Raise Wages For 5 Million

The regulation, which retailers and restaurants likely will fight, would mean that all employees earning up to $50,440 a year would be guaranteed overtime pay, up from the current cap of $23,660.
NPR

Apple Bets Big That You'll Start Paying To Stream Music

Millions listen to services like Spotify and Pandora, but relatively few of them subscribe. Why should they when there are so many free options? The new Apple Music will be free for only 3 months.
NPR

Greeks Brace For The Fallout As Deadline Looms

Greeks have lurched from one crisis to another in recent years and have learned to cope with uncertainty. Still, many are worried about what could happen when Greece misses a payment Tuesday.

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