Marilyn Geewax

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Economy
11:00 am
Thu January 10, 2013

Three New 'Cliffs' Threaten The Economy

Credit AFP / AFP/Getty Images
Traders work on the floor of the New York Stock Exchange Jan. 2. Financial market participants will be keeping a close eye on upcoming deadlines affecting the U.S. debt ceiling, scheduled automatic budget cuts and federal funding.

Originally published on Fri January 11, 2013 2:39 pm

Maybe you were hoping you'd never hear the phrase "fiscal cliff" again after Congress passed legislation Jan. 1 to address that tax-break-expiration deadline.

Sorry.

Three more cliff-type deadlines are fast approaching. They involve: 1) raising the federal debt ceiling 2) modifying automatic, across-the-board spending cuts and 3) funding the government to avert a shutdown.

The deadlines all hit between Valentine's Day and Easter, which means new rounds of chaotic congressional negotiations may start up just after the Jan. 21 presidential inauguration parade ends.

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Economy
1:40 pm
Fri January 4, 2013

As 2013 Begins, A 'Pretty Positive' Job Outlook

Credit iStockphoto.com
The health care sector added 45,000 jobs in December and is expected to see continued growth this year, economists say.

If you're searching for work in this new year, the Labor Department's final jobs report for 2012 suggests: The trend is your friend in 2013.

The jobs outlook is actually "pretty positive," said John Challenger, chief executive officer of Challenger, Gray & Christmas, an employment consulting firm.

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U.S.
2:20 pm
Thu January 3, 2013

The Phantom Tax That Made The Deficit Look Better

Credit Tim Boyle / Getty Images
The alternative minimum tax created a "useful fiction," as one analyst says, by appearing to shrink budget deficits.

As Americans continue to sort out the contents of the fiscal cliff legislative package passed by Congress Tuesday, they are finding elements they like and some they hate.

There's one exception. Everyone is glad Congress finally found a permanent fix for the alternative minimum tax.

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Economy
12:10 pm
Wed January 2, 2013

Economists See (OK-ish) Growth In 2013

Credit Gary Fandel/Iowa Farm Bureau / AP
Farmer Randy Dreher unloads corn from his combine during harvest north of Audubon, Iowa. Farm exports are booming and high global prices are helping growers despite the U.S. drought.

Originally published on Wed January 2, 2013 12:37 pm

Suddenly, the new year is looking a bit brighter — at least in the eyes of most economists and investors.

On Day 1 of 2013, Congress voted to veer away from the "fiscal cliff" by passing a package of provisions that avoided broad tax hikes and big spending cuts. And on Day 2, stock prices shot up.

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Economy
10:30 am
Mon December 24, 2012

The 2012 Economy Brought Glad Tidings To Many

Credit Paul Sakuma / AP
Construction workers build a home in Palo Alto, Calif. A real turnaround seemed to take hold in the housing sector in 2012 after years of fits and starts.

Originally published on Mon December 24, 2012 12:56 pm

After years of recession and slow recovery, maybe you didn't notice. But it turns out, 2012 was a fairly good year for the U.S. economy.

The Standard & Poor's 500-stock index has risen nearly 14 percent this year and the unemployment rate has fallen to 7.7 percent, the lowest point in four years. Inflation and interest rates have stayed low, allowing families to cut their debt loads.

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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 Tell Me More and Talk of the Nation.

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 to 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 reporter for the Akron Beacon Journal.

Over the years, she has filed business news stories from China, Japan, South Africa and Europe.

Geewax was a 1994-95 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 in journalism from The Ohio State University.