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.

If only because of its venue, the office of New York district attorney has long been among the highest-profile prosecutorial jobs in the country. The men who have served in it, legal legends such as Thomas Dewey, Frank Hogan and Robert Morgenthau, have often held the job for years, gaining enormous stature and political capital along the way.

Until recently, it seemed the current DA, 63-year-old Cyrus Vance Jr., might enjoy the same long tenure.

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President Trump has surprised a lot of people with some comments on Puerto Rico's debt crisis. The U.S. territory owes some $73 billion to bondholders, money that it's been unable to pay. In an interview on Fox News last night, the president seemed to suggest that the bondholders aren't going to get their money back.

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When President Trump announced a ban on travel for citizens from several predominantly Muslim countries in January, a coalition of officials from various blue states quickly rallied to fight it.

"We just started talking to each other Friday afternoon," recalls New York Attorney General Eric Schneiderman. "By Sunday morning, we had 17 states signed on to say, 'This is unconstitutional. We're going into court to stop it.' And we went into courts all over the country and eventually got it struck down."

Now that Hurricane Irma has left Florida, gasoline supplies are slowly coming back into the state. But thousands of gas stations remain closed anyway.

That's because with electricity out throughout the peninsula, even stations that have access to gas have no way to get it into people's vehicles.

"Power is the issue. Most of these gas stations don't have backup generation that can allow the pumps to work," says John Kilduff, founding partner of Again Capital, an energy investment firm.

As Florida drivers hit the road to escape Hurricane Irma, the demand for gasoline has outpaced supply, leaving filling stations throughout the state short of fuel.

"It's horrible, man," said Aaron Izquierdo, who waited in a long line of cars at a Shell station in Doral on Friday. "Just yesterday I was in line for two hours to wait for gas, and by the time we got to the pump there was no gas."

President Trump won office promising to overturn the global trade system, which he assured voters was rigged against the United States.

And he was particularly unhappy with the five-year-old trade deal with South Korea. At the White House on June 30, he underscored that concern, saying, "The fact is that the United States has trade deficits with many, many countries and we cannot allow that to continue. And we'll start with South Korea right now."

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Drivers who plan to hit the road over Labor Day weekend will face higher gasoline prices because of the impact of Hurricane Harvey on the nation's refineries and pipelines.

After several days of heavy rain and flooding, gas prices reached an average of nearly $2.51 a gallon, up 20 cents since two weeks ago and nearly 30 cents since this time last year, although they fell back a bit Friday.

Refineries throughout the Gulf Coast shut down or reduced production a week ago in anticipation of the high winds and heavy flooding from Harvey.

A friend sent a photo to Jaime Botello's phone Wednesday that confirmed his fears: The house where his family has lived for 30 years is completely flooded.

"All the way to the top," he says.

And like most people in the Houston area, Botello, a welder who was at a shelter with his wife on Wednesday, doesn't have flood insurance. He says he can't afford it.

Bill Gilmer remembers spending the night listening to the winds of Hurricane Ike tear through his suburban Houston neighborhood in September 2008. He also recalls waking up the next morning to hear something completely different.

"The first sound I heard was chainsaws, and I looked out and all my neighbors were out there clearing the streets, clearing their yards, cleaning up their yards," says Gilmer, who directs the Institute for Regional Forecasting at the University of Houston's C.T. Bauer College of Business.

In what may be her last appearance at the annual economic summit held in Wyoming, Federal Reserve Chair Janet Yellen on Friday warned against forgetting the lessons of the Great Recession.

And she staunchly defended the post-crisis regulatory reforms that she says have made banks safer.

With the federal government getting closer to running out of cash to cover all bills on time, companies that evaluate bonds are having to consider how to rate America's creditworthiness.

And their job didn't get any easier on Thursday when President Trump continued his attacks on congressional leaders over their failure to raise the federal debt ceiling.

Other U.S. officials have been trying reassure the financial markets that no default is imminent.

When White House chief strategist Steve Bannon was pushed out of his job last week, it underscored the growing clout of President Trump's chief of staff, John Kelly, a retired Marine Corps general.

And when Trump announced he was increasing U.S. troops in Afghanistan on Monday, after suggesting for years that he wouldn't, administration officials were quick to note that he was heeding the advice of "the generals."

Under Armour founder and CEO Kevin Plank set off a social media firestorm last February when he voiced some overly positive words about the new administration of President Trump.

"To have such a pro-business president is something that's a real asset for this country. I think people should really grab that opportunity," said Plank, whose company makes sports apparel.

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President Trump on Monday authorized his top trade official to look into whether China is guilty of intellectual property theft, a move that could eventually lead to trade sanctions.

Trump called his action "a very big move" against practices that cost our nation "millions of jobs and billions and billions of dollars each and every year."

When Donald Trump was running for president last year, he never failed to portray the U.S. economy in the direst terms, with sky-high jobless rates, an anemic manufacturing sector and huge trade deficits as far as the eye could see.

"Look, our country is stagnant. We've lost our jobs. We've lost our businesses. We're not making things anymore, relatively speaking," he said during one of the presidential debates.

What a difference an election makes.

The Dow Jones industrial average finished above 22,000 for the first time, buoyed by higher corporate profits and low unemployment.

The Dow, the most widely cited stock index in the world, closed Wednesday at a record of 22,016. It is now up 11 percent for the year and more than 20 percent since President Trump's election in November.

"Earnings are growing and are growing faster than anybody thought. That alone will drive stock prices up," says Brad McMillan, chief financial officer at Commonwealth Financial Network.

Defending President Trump on television is giving longtime conservative lawyer Jay Sekulow new prominence these days, but it's also reviving questions about a pair of charities he is involved with.

Sekulow, 61, who appeared on all five Sunday morning news shows over the weekend to address questions about Trump's ties to Russia, is a fixture in the Christian conservative movement, serving as chief counsel of the American Center for Law and Justice.

The political bomb that went off recently when Donald Trump Jr. revealed he met with a Kremlin-connected lawyer in hopes of getting damaging information about Hillary Clinton has raised new questions about the Trump family's connections to Russia.

And investigators are looking for clues in what might seem like an unlikely place: the glitzy November 2013 Miss Universe pageant in Moscow.

In November 2013, Donald Trump took the Miss Universe pageant to Moscow, bringing his trademark glitz and glamour to a country that had never hosted a major beauty contest.

Trump later boasted that he met a lot of important people at the pageant. They included the billionaire real estate tycoon Aras Agalarov, who is now figuring prominently in the investigations into the Trump campaign's ties to Russia. Here is a look back at how the Miss Universe contest came together and what happened there.

Last June's meeting between Donald Trump Jr. and a Russian lawyer with Kremlin connections was arranged by a colorful British-born music promoter with ties to the son of a Azerbaijan-born billionaire.

A firm headed by Paul Manafort, who served as President Trump's campaign manager last year, made more than $17 million in two years working for the pro-Russia political party that controlled Ukraine's government, according to documents filed late Tuesday.

Manafort, who resigned from Trump's campaign last August after his work for Ukrainian interests came under scrutiny, has registered as a foreign agent with the U.S. Justice Department, as did his deputy, Rick Gates.

In ordinary times, New York-based Vornado Realty Trust would be a natural candidate to take on a major construction project such as the long-awaited rebuilding of FBI headquarters.

As with so much about the Trump era, however, the ordinary rules don't apply.

A commercial real estate firm, Vornado is widely reported to be a finalist to build a new campus for the FBI somewhere in the suburbs of Washington, D.C. But its financial ties to President Trump are raising concerns about conflicts of interest.

Although President Trump has had a troubled relationship with big commercial lenders over the years, financial disclosure forms filed recently suggest he is still able to borrow money when he needs it.

While Trump's debts appear to be easily outweighed by his assets, government ethics experts say any sizable debt represents a potential conflict of interest for a president.

With an unusually public persona for a Russian businessman, Oleg Deripaska may be getting more attention than he bargained for because of his onetime ties to former Trump campaign manager Paul Manafort.

Deripaska, a 49-year-old metals giant from Dzerzhinsk, not only appears occasionally on television to discuss business trends, he has his own website devoted to his career, his philanthropic interests and his commercial activities.

When a Bangladeshi factory building collapsed in 2013, killing more than 1,100 people, big-name retailers from Europe and North America suddenly found themselves facing a crisis that threatened their carefully tended public images.

When Robert Mercer accepted a lifetime achievement award from a technology group in 2014, the Renaissance Technologies co-CEO summed up his career modestly.

"What I am is simply a computer programmer," he told the crowd.

In fact, both professionally and politically, Mercer is much more than that.

At 70, Mercer is an American success story, having helped turn Renaissance into one of the most profitable hedge funds in the world, and by all accounts becoming very rich in the process.

Saudi Arabia and the United Arab Emirates will donate a combined $100 million to a World Bank fund for women entrepreneurs that was the brainchild of Ivanka Trump.

The announcement by World Bank President Jim Young Kim came during a visit to Saudi Arabia by President Trump, who was accompanied by his wife, Melania, daughter Ivanka and son-in-law, Jared Kushner.

For a young Donald Trump in the 1970s, the Grand Hyatt hotel on East 42nd Street was his first major development project, a chance to make a splash in the big-time world of New York City real estate.

Yet the glitzy glass-fronted hotel never would have been possible without an almost unprecedented 40-year tax abatement from the city, which was then recovering from a painful fiscal crisis.

Investigators looking into the Trump campaign's ties to Russia will be able to pursue leads by tapping into a huge database of suspicious financial transactions maintained by the federal government.

Under the Bank Secrecy Act, financial institutions operating in the U.S. are supposed to inform the Treasury Department's Financial Crimes Enforcement Network, or FinCEN, when they see transactions that indicate possible money laundering, such as all-cash purchases of expensive real estate.

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