
Jim Zarroli
Jim Zarroli is an NPR correspondent based in New York. He covers economics and business news.
Over the years, he has reported on recessions and booms, crashes and rallies, and a long string of tax dodgers, insider traders, and Ponzi schemers. Most recently, he has focused on trade and the job market. He also worked as part of a team covering President Trump's business interests.
Before moving into his current role, Zarroli served as a New York-based general assignment reporter for NPR News. While in this position, he reported from the United Nations and was also involved in NPR's coverage of Hurricane Katrina, the London transit bombings, and the Fukushima earthquake.
Before joining NPR in 1996, Zarroli worked for the Pittsburgh Press and wrote for various print publications.
He lives in Manhattan, loves to read, and is a devoted (but not at all fast) runner.
Zarroli grew up in Wilmington, Delaware, in a family of six kids and graduated from Pennsylvania State University.
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The Dow tumbled more than 900 points as COVID-19 cases surge in the United States and Europe, while next week's election is only adding to the uncertainty over the economy.
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Investors are also discouraged by the lack of progress in talks between Congress and the White House over another coronavirus relief bill.
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The government shortfall for the fiscal year that just ended was more than triple that of 2019. The national debt of $21 trillion now exceeds the size of the U.S. economy.
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The tax code allows wealthy people who live off investment income to pay taxes at a much lower rate than average people who earn salaries.
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Stocks reversed Tuesday's losses amid word that the Trump administration was considering stand-alone bills to aid airlines and small businesses. The president had called off talks on a relief bill.
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Markets face a double whammy of bad news after the president's health upended an election heading into its final stretch and the September jobs report proved disappointing.
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In an interview with NPR, Powell says it may take years before the economy has fully recovered. He says practicing social distancing and wearing masks is essential for the economy to rebound.
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The share of female donors has surged to more than 43% this year, and it could make a big difference in some of this year's closest political races.
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The market is hitting records, in large part because of a handful of superstar tech stocks. Apple, Amazon, Microsoft, Facebook, Netflix and Google's parent dominate indexes in retirement funds.
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Despite the booming stock market under President Trump, the finance sector is giving a bit more money to Democrats than to Republicans for the first time in more than a decade.