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.

The U.S. economy grew at an annual rate of just 1.2 percent during the second quarter of this year, well below expectations, and it came after an even weaker first quarter, the Commerce Department said.

The report exacerbates fears that factors such as the global slowdown and the decline in energy production might have hit the economy harder than first thought.

Last month's vote by the United Kingdom to leave the European Union has left a lot of unanswered questions. One is what will happen to the 2.5 million EU residents who now work in the U.K. Many employers say sending them home would be a disaster for the British economy.

Go into any store or restaurant in Greater London and the chances are good the people working there are from the EU. They teach in Britain's schools, pick its crops and build its houses. They're prominent in finance and medicine.

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

The U.S. Department of Justice has filed civil complaints seeking to recover a billion dollars' worth of art, real estate and other assets bought with money allegedly stolen from a Malaysian sovereign wealth fund.

Herbalife has agreed to pay $200 million to reimburse consumers who lost money on its nutrition supplements and will also make major changes in its sales and distribution practices, the Federal Trade Commission announced today.

The FTC filed a complaint accusing the company of deceiving consumers about how much money they could make selling its products, noting that most Herbalife distributors make no money at all.

When the United Kingdom voted to leave the European Union last month, the seaside town of Port Talbot in Wales eagerly went along with the move. Brexit was approved by some 57 percent of the town's residents.

Now some of them are wondering if they made the wrong decision.

The June 23 Brexit vote has raised questions about the fate of the troubled Port Talbot Works, Britain's largest surviving steel plant — a huge, steam-belching facility that has long been the town's biggest employer.

Presumptive Republican presidential nominee Donald Trump traveled to the small city of Monessen, Pa., on Tuesday to speak about the impact of international trade on U.S. manufacturing jobs.

As he has before, Trump launched a full-throated attack on globalization, pinning the blame on politicians he says have allowed the U.S. manufacturing base to get hollowed out.

"We allowed foreign countries to subsidize their goods, devalue their currencies, violate their agreements and cheat in every way imaginable. And our politicians did nothing about it," he told the crowd.

Last week's Brexit vote sent financial markets tumbling around the world, wiping out months of stock market gains and pushing the British pound down to levels not seen in more than three decades.

It also raised tough questions about the future of the United Kingdom's economy, especially with the resignation of Prime Minister David Cameron and the ensuing political turmoil.

Last week's vote by the United Kingdom to leave the European Union is raising questions about London's role as a global financial center, which has helped send bank stocks down sharply for a second trading day in a row.

Shares of British banks such as Barclay's and Royal Bank of Scotland are down, but the carnage has spread throughout Europe and beyond, amid a series of earnings downgrades and profit warnings.

During a speech in Columbus, Ohio, on Tuesday, presumptive Democratic presidential nominee Hillary Clinton launched a major attack on the economic record of her Republican rival, Donald Trump.

The speech went over some by-now familiar ground about Trump's business record, as well as his controversial positions on issues such as government debt and the minimum wage.

And at one point, Clinton took on Trump's views about women in the workforce.