Business

7:04am

Tue June 30, 2015
The Two-Way

Greece Seeks New Bailout From Eurozone, Misses Loan Payment

Originally published on Tue June 30, 2015 7:13 pm

Greece's Prime Minister Alexis Tsipras prepares for a TV interview at the State Television in Athens on Monday. He urged Greeks to vote "no" in Sunday's referendum on the terms of a bailout.
Thanassis Stavrakis AP

Updated at 8:15 p.m. ET

The International Monetary Fund confirms that Greece has officially missed a loan payment and is in arrears.

Just hours before Greece was due to make the payment of approximately $1.8 billion dollars, the Greek government asked for a new bailout from countries that use the euro currency.

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6:25am

Tue June 30, 2015
Politics

Congress Leaves For Recess Without Reauthorizing Export-Import Bank

Originally published on Tue June 30, 2015 6:13 pm

Treasury Secretary Jacob Lew (center) speaks with (from left) Sen. Ben Cardin, D-Md., Ellicott Dredges GM Craig Murdock and CFO Joseph Wendel during a tour of the company's manufacturing facility in March. Lew was on hand to promote investment in American infrastructure. The company has utilized the Export-Import Bank's services.
Patrick Semansky AP

An agency of the federal government will have to stop doing business today. That's because members of Congress went home last week for the July Fourth recess without reauthorizing the Export-Import Bank.

The bank helps American companies sell their goods overseas. The bank's critics say they're stopping corporate welfare.

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5:03am

Tue June 30, 2015
Economy

Facing Massive Debt, Puerto Ricans Warned Belt Tightening Will Be Needed

Originally published on Tue June 30, 2015 6:10 pm

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

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4:58am

Tue June 30, 2015
Politics

Obama Expected To Release Rule Governing Overtime

Originally published on Tue June 30, 2015 6:35 pm

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

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4:58am

Tue June 30, 2015
Europe

A Financial Tragedy Plays Out In Greece: No Money And Debt Is Due

Originally published on Tue June 30, 2015 3:46 pm

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

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4:58am

Tue June 30, 2015
Around the Nation

As Budget Deadline Approaches, Illinois Faces A Government Shutdown

Originally published on Tue June 30, 2015 1:53 pm

Copyright 2015 WUIS-FM. To see more, visit http://www.wuis.org/.

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10:22pm

Mon June 29, 2015
It's All Politics

President Pitches Overtime Rule That Could Raise Wages For 5 Million

Originally published on Tue June 30, 2015 9:17 am

President Obama signs a presidential memorandum in March of 2014 that directed the Department of Labor construct a new set of overtime rules, with the goal of making more employees eligible for overtime pay.
Mark Wilson Getty Images

President Obama is expected to release this week a long-awaited rule governing overtime that could affect 5 million people as soon as next year, a source familiar with the plans confirmed to NPR.

The proposed rule would more than double the salary cap under which most workers would qualify for overtime pay whenever they work more than 40 hours a week, the source said. The cap would be raised from $23,660 to $50,440, and indexed to wage growth or inflation, ensuring the cap would move with the overall economy.

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6:36pm

Mon June 29, 2015
All Tech Considered

Apple Bets Big That You'll Start Paying To Stream Music

Originally published on Mon June 29, 2015 7:30 pm

Apple's senior vice president of Internet Software and Services Eddy Cue speaks about Apple Music during the keynote at the annual developers conference.
Justin Sullivan Getty Images

Spotify, Google Play, Amazon Prime, Rdio, Rhapsody, Pandora — the list of streaming music service goes on and on. On Tuesday, Apple joins that lineup with the launch of its streaming service, Apple Music. Apple will give consumers a three-month trial, and then it will charge $9.99 a month.

But most music lovers still aren't sure why they should pay. Colin Barrett, 31, has tried a few of the streaming services, but he doesn't use them anymore.

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6:03pm

Mon June 29, 2015
Parallels

Greeks Brace For The Fallout As Deadline Looms

Originally published on Mon June 29, 2015 6:36 pm

A Greek demonstrator urges a "no" vote in Sunday's referendum on whether Greece should accept international demands for additional financial austerity. He is holding an old 1,000 Greek drachma bank note during a rally in the northern Greek port city of Thessaloniki on Monday. Some Greeks say the country should leave the eurozone and go back to the drachma.
Giannis Papanikos AP

Giorgos Koronis is welcoming tourists from the U.S. and England at the old Olympic Stadium in Athens, where the first modern Olympics were held in 1896.

Koronis, 50, has worked for the state for 25 years, mainly at ticket counters at various tourist sites around the Greek capital. But today he's struggling to smile.

He spent Monday morning at the ATM in line with a few retirees from his neighborhood, including his mother.

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5:43pm

Mon June 29, 2015
Latin America

Like Greece, Cash-Strapped Puerto Rico Needs A Fiscal Lifeline

Originally published on Tue June 30, 2015 5:52 am

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

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