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.

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

Transcript

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Congress is getting closer to lifting a 40-year-old ban on oil exports, a move that could be a boon for U.S. oil producers hoping to expand into the global market.

President Obama and environmentalists oppose ending the ban, but Congressional leaders made it part of a $1.14 trillion spending bill, unveiled Tuesday, greatly increasing its chance of passage.

The junk bond market rebounded a bit on Tuesday, but big questions remain about what the recent rout means for the stock market and the broader economy.

One of the largest junk bond investment funds (inelegantly called the iShares iBoxx High Yield Corporate Bond exchange-traded fund) was up 1.5 percent after two consecutive days of steep losses.

Junk bonds are sold by companies with less than perfect credit. Because they're riskier, they typically pay higher returns. That makes them especially attractive to investors during periods of low interest rates, like now.

The gloom deepened in the high-yield debt market on Monday, with bonds issued by dozens of companies losing ground, and concerns mounting about how long the rout will last.

Bonds issued by lower-rated companies such as Dynegy, Charter Communications, Chesapeake Energy and Oasis Petroleum have taken a tumble, as have investment funds that trade in such debt.

Newell Rubbermaid said today that it will acquire Jarden Corp., paying nearly $16 billion to acquire all of its stock and debt.

The deal brings together two companies with numerous familiar consumer brands under one roof, creating a single entity to be known as Newell Brands.

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

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

Transcript

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The National Highway Traffic Safety Administration has imposed a $70 million civil fine on the parent company of Chrysler for failing to report safety data.

A statement from the agency said Fiat Chrysler Automobiles, or FCA, has acknowledged that it failed to turn in "early warning report" data about accidents, warranty claims and safety issues. The data are used to identify potential defects that could lead to a recall, the agency said.

Douglas Tompkins, who made a fortune in retailing as the founder of The North Face and co-founder of Esprit and went on to become a major donor to conservation causes, has died in a kayaking accident in Chile. He was 72.

Icelanders angry about government support of religion have come up with a way of making their unhappiness heard: They've formed their own religion, based on ancient Sumerian texts, and are promising to pass on any public funds they receive to their "congregation."

The group is a means of protesting Iceland's "parish tax," which goes to support organized religions, of which the largest by far is the Evangelical Lutheran Church of Iceland.

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