Greek leaders are supposed to meet again Tuesday to finally sign off on more painful austerity measures in exchange for a new bailout. Greece needs more loans — and a separate debt-reduction deal — to avoid a messy default, which could lead to an exit from the eurozone.
Financial writer Philip Coggan traces the current global financial crisis to the 1970s, when the U.S. went off the gold standard. In his book Paper Promises, Coggan says governments will have to choose whether to keep their promises to their creditors or to their citizens.
The jobs numbers at the start of 2012, shed a ray of positivity on a gloomy economic picture. Some economists warn against premature optimism. While the economy is creating jobs again, it will take years to return to full employment.
An investigation by ProPublica and NPR sheds light on questionable practices by the government-owned mortgage giant Freddie Mac. Guest host Jacki Lyden speaks with NPR's Chris Arnold and Arturo de los Santos, who is trying to save his house.
In New Mexico, state lawmakers are figuring out what to do with a budget surplus. Republicans want to give some of the money to businesses, in the form of tax breaks. Democrats want to restore some of the cuts to services made over the last three years.
Before the recession, Idaho had one of the fastest growing economies in the country. But last year, its jobless rate peaked at nearly 10 percent. That number has begun to creep down – but many workers in the state are still struggling to replace the jobs they've lost.
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