Marilyn Geewax

Marilyn Geewax is a senior editor, assigning and editing business radio stories. She also serves as the national economics correspondent for the NPR web site, and regularly discusses economic issues on NPR's mid-day show Here & Now.

Her work contributed to NPR's 2011 Edward R. Murrow Award for hard news for "The Foreclosure Nightmare." Geewax also worked on the foreclosure-crisis coverage that was recognized with a 2009 Heywood Broun Award.

Before joining NPR in 2008, Geewax served as the national economics correspondent for Cox Newspapers' Washington Bureau. Before that, she worked at Cox's flagship paper, the Atlanta Journal-Constitution, first as a business reporter and then as a columnist and editorial board member. She got her start as a business reporter for the Akron Beacon Journal.

Over the years, she has filed news stories from China, Japan, South Africa and Europe. Recently, she headed to Europe to participate in the RIAS German/American Journalist Exchange Program.

Geewax was a Nieman Fellow at Harvard, where she studied economics and international relations. She earned a master's degree at Georgetown University, focusing on international economic affairs, and has a bachelor's degree from The Ohio State University.

She is a member of the National Press Club's Board of Governors and serves on the Global Economic Reporting Initiative Committee for the Society of American Business Editors and Writers.

Three years ago this month, chaos ruled in financial markets.

Huge financial companies, such as Lehman Brothers, Merrill Lynch and AIG were stumbling, and government officials were scrambling to prevent a global financial meltdown. They threw together bailouts and pushed weak companies to merge with stronger ones.

The central bankers, Treasury officials and lawmakers eventually did manage to reassure investors enough to restore order in the financial system. However, the aftershocks of the crisis are still being felt today.

If enacted, President Obama's deficit-reduction plan would increase tax revenues by about $1.5 trillion over the coming decade. The wealthiest taxpayers could see significantly higher taxes, but the vast majority of Americans would pay less, at least through 2012.

These are some of the groups that could see higher tax bills starting in 2013:

The world's major central banks are so worried about Europe's debt crisis that they are moving to shore up eurozone banks. The troubled banks hold billions in sovereign debt of Greece, Spain, Portugal and other struggling countries.

Left unchecked, this crisis could spill over into the U.S. economy. Here's how Europe's troubles could migrate to the U.S. and the rest of the world.

Economists have been looking over the $447 billion job-creation package President Obama proposed to Congress Thursday night. Predictably, the reaction was mixed, with most economists giving it a thumbs up, and many conservatives turning thumbs down.

Here are a few of the economists' opinions that were blogged, tweeted, reported or emailed around.

In the 2012 election cycle, "Job No. 1" for any political candidate will be to lay out persuasive plans for generating more middle-income jobs.

In the more than two years since the Great Recession ended, job growth has been exceptionally slow. Today, 14 million U.S. workers cannot find jobs and the unemployment rate hovers at 9.1 percent. That's nearly twice the level that would reflect a healthy labor market.

For nearly two years, the Greek debt crisis has been causing financial and political turmoil in Europe.

Now, the widening European troubles are undermining U.S. stock prices and increasing the odds of a global recession.

The crushing debt loads incurred by Greece, as well as Italy, Ireland and others, have "badly rattled global financial markets," Nariman Behravesh, chief economist for IHS Global Insight, a forecasting firm, said Wednesday.

This week, the U.S. Department of Agriculture is expected to release its latest update on the food stamp program. It's an important indicator of the nation's economic health — and the prognosis is not good.

Food stamp use is up 70 percent over the past four years and that trend is expected to continue.

It may seem hard to believe after such a tumultuous week on Wall Street, but economists do see a few bright spots.

For one, Americans with good credit scores can get some of the best housing bargains in decades. Freddie Mac's latest survey shows the average rate on 30-year, fixed-rate mortgages has dropped to 4.32 percent. That's down to the half-century lows set during the fourth quarter of last year.

Many factors have been holding down job creation this summer — everything from the extremely hot weather in many regions to the weak housing market in just about every city. Another factor dampening job growth has been the political battle over the nation's debt.

One example of how the Washington debate is hurting workers involves aviation. Amid the bickering over the debt ceiling earlier in July, Congress failed to pass a short-term extension of the Federal Aviation Administration's budget.

Host Michel Martin and NPR Senior Business Editor Marilyn Geewax check the facts behind the debt debates. Geewax explains how poor people would be both harmed and helped by government spending cuts, and how Americans can safeguard their credit if a U.S. default happens.

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