Marilyn Geewax

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 Here & Now.

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.

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Economy
4:30 am
Sun November 11, 2012

How The Fiscal Cliff Would Hit The Economy

President Obama and House Speaker John Boehner at the White House in July 2011. They are scheduled to meet at the White House again next week to discuss the looming fiscal cliff.
Carolyn Kaster AP

Originally published on Sun November 11, 2012 3:05 pm

This week, President Obama will meet with congressional leaders to begin working out a deal to avert a budget calamity commonly known as the fiscal cliff.

Economists are unanimous in saying that if the leaders fail to keep the country from going over the "cliff," both the stock and labor markets will fairly quickly go "splat."

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The Two-Way
2:14 pm
Wed November 7, 2012

Shake A Leg Or Throw A Fist? Which Will It Be On Capitol Hill?

Senate Minority Leader Mitch McConnell of Kentucky (left) and Senate Majority Leader Harry Reid of Nevada during their recent interview with CBS News' 60 Minutes.
CBSNews.com

Originally published on Wed November 7, 2012 3:44 pm

Shall we dance?

That's the key question for Congress now that another budget crisis is near. Senate Majority Leader Harry Reid, D-Nev, today said he's ready to do a little two-stepping with Republicans to twirl away from the edge of the so-called fiscal cliff.

"It's better to dance than to fight," the former amateur boxer told reporters at a press conference. "Everything doesn't have to be a fight."

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It's All Politics
4:22 am
Wed November 7, 2012

After Election, Congress Turns To 'Fiscal Cliff,' Other Money Issues

If Congress fails to address the alternative minimum tax, millions of households could see their federal 2012 tax bills jump.
iStockphoto.com

Originally published on Wed November 7, 2012 9:40 pm

For months, Americans have been watching the presidential political drama play out nightly on the news. Now, with President Obama's victory, that story is ending.

But for the economy, an action thriller is just beginning.

Congress has just weeks to jump to the rescue of an economy moving closer and closer to the so-called fiscal cliff. That phrase refers to a $600 billion cluster of automatic spending cuts and tax hikes — all coming together at year's end.

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It's All Politics
1:11 am
Wed November 7, 2012

Business, Labor Groups Laud Obama Victory

Originally published on Wed November 7, 2012 1:17 am

Exit polls showed the economy was Issue No. 1 with voters in this presidential election. And it didn't take long for labor organizers and business leaders to start offering their thoughts on the re-election of President Obama.

Because of White House policies, the U.S. economy is "beginning to pick up steam," AFL-CIO President Richard Trumka said in a statement. He cheered Obama's win and put congressional Republicans on notice that Democrats will focus on "ending the Bush tax cuts for the rich and opposing any cuts to Social Security, Medicare, or Medicaid benefits."

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Economy
2:40 pm
Fri November 2, 2012

Sandy, Election Could Skew Future Jobs Reports

Workers clean up debris left by Superstorm Sandy in Long Beach Island, N.J., on Wednesday. The storm may lead to layoffs as business losses mount, but also could result in hiring related to rebuilding.
Mark Wilson Getty Images

Originally published on Fri November 2, 2012 6:20 pm

Each month, the Labor Department issues an employment report. On Friday, that report showed job creation rose in October — and it revealed something more.

With its latest unemployment assessment, the government in effect took a BEFORE snapshot of the U.S. economy. It collected all of the data before Superstorm Sandy slammed into the East Coast and before the election outcome could be known. Each of those two events has the potential to change the AFTER outlook.

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The Two-Way
2:55 pm
Tue October 30, 2012

Keeping Sandy's Economic Impact In Perspective

A truck drives through a flooded street caused by Hurricane Sandy in New York City's Financial District on Tuesday.
Andrew Burton Getty Images

Originally published on Wed October 31, 2012 9:32 am

When Superstorm Sandy slammed into the East Coast on Monday, the fragile U.S. economy was just sitting there, stuck in a sluggish-growth mode.

Now, as the massive cleanup begins, business owners, workers and investors are wondering what impact the megastorm ultimately will have on their wallets. Did Sandy weigh down economic activity enough to drown the recovery? Or will the rebuilding efforts boost growth over the longer term?

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The Two-Way
3:42 pm
Mon October 29, 2012

Hurricane Sandy's Economic Impact Likely To Be Immense

Waves crash over a road as Hurricane Sandy comes up the coast Monday in Winthrop, Mass. Economists are predicting the storm will cost tens of billions of dollars.
Darren McCollester Getty Images

Originally published on Mon October 29, 2012 4:12 pm

Economists will need many days — maybe weeks or months — to assess the financial harm being done by Hurricane Sandy. But whatever the final figure, it will be huge, well into the tens of billions of dollars.

More than 60 million Americans are feeling the impact of the weather monster slamming New York, New Jersey, Maryland, the District of Columbia, Virginia, Connecticut, Pennsylvania and many other states. The howling mix of wind, rain and snow is causing massive direct losses, i.e., the destruction of private homes, stores, boats and cars.

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Business
12:36 pm
Wed October 24, 2012

Mortgage Interest Deduction Could Be In Play

About 34 million taxpayers take the mortgage interest deduction, for a typical savings of approximately $600 a year.
iStockphoto.com

Originally published on Wed October 24, 2012 5:23 pm

In coming months, Congress will begin an epic struggle to get the federal budget deficit under control. One tax break almost certain to come into play is the mortgage interest deduction.

Both President Obama and his Republican rival, Mitt Romney, have suggested ways to scale back the deduction's value for wealthy taxpayers. And many economists are cheering them on, saying that now — when interest rates are low — would be a great time to reduce or even phase out the deduction.

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Business
12:08 pm
Mon October 22, 2012

Can U.S. Still Lead In Economic And 'Soft' Power?

A Ford Focus on the assembly line in Wayne, Mich. "We have a lot going for us; we've got our problems, but others have problems that are as bad or worse," says Nariman Behravesh, chief economist at IHS Global Insight.
Bill Pugliano Getty Images

Originally published on Mon October 22, 2012 1:28 pm

At Monday night's foreign policy debate, the first round of questions for the presidential candidates will involve "America's role in the world."

The answers from President Obama and former Gov. Mitt Romney likely will focus on military readiness and anti-terrorism efforts. That's what most Americans would expect to hear, given that their country has been involved continuously in overseas combat since the terrorist attacks of 2001.

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Business
3:59 am
Fri October 19, 2012

Investors' Funds Are Recovering, But Not Their Nerves

Originally published on Fri October 19, 2012 9:14 am

Chicken Little was running wild 25 years ago today. But one could hardly blame the poultry for panicking.

On Oct. 19, 1987, the stock market plunged a record-setting 23 percent. The next day, the New York Daily News' front page screamed "Panic!" and a New York Times headline asked: "Does 1987 equal 1929?"

Turns out, the 1987 plunge was a mere stutter step. The Dow Jones industrial average, which closed at 1,739 that day, quickly bounced back. Within a decade, the stock-price average had nearly quintupled.

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