Deepening concerns that debt-troubled Greece might default — and increasingly strident comments by several politicians in Germany about that possibility — helped send European markets sharply lower Monday. One German politician said it can't be ruled out that Greece might have to leave the eurozone. French banks — which are heavily exposed to the Greek debt — were particularly hard hit Monday, with some leading banks down more than 10 percent.
President Obama formally sends his $447 billion jobs package to Capitol Hill today. Tell Me More asked listeners to share their suggestions for job growth and received over a thousand responses. Host Michel Martin discusses some of those ideas with NPR's Senior Business Editor Marilyn Geewax and Wall Street Journal Reporter Sudeep Reddy.
In Mississippi, the largest project under construction is the Port of Gulfport, which is using some $500 million in statewide recovery funds from Hurricane Katrina. The state calls it a critical resource, but some residents hit hard by Katrina fear they won't see the benefits.
It's a common refrain in the Republican presidential field: The U.S. has the second-highest corporate tax rate in the world. At 35 percent, that's true — on paper. Some corporations take advantage of complex international tax loopholes to pay almost no corporate taxes at all.
The president held a campaign-style event in Richmond, Va., on Friday to sell his American Jobs Act as a much-needed shot in the arm for a still struggling economy. Calling himself "an eternal optimist," Obama said he still believes Congress can come together around a plan like the one he's proposed.
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