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.

To visit California's Imperial Valley is to enter a sleepy place worlds away from the glamorous boomtowns of California's coast. Pickups outnumber BMWs. Vast farms irrigated by the Colorado River stretch as far as the eye can see. Few tourists walk its hot, dusty streets.

Yet the valley lies just two hours from the beaches and swanky subdivisions of San Diego, in the hard, rocky desert terrain near the Mexican border.

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Ames, Iowa, has the lowest unemployment rate in the country. That's great for workers — but a challenge for those looking for them.

Tanisha Cortez is one of those benefiting from this tight labor market. The restaurant where Cortez worked closed in late November, so she went looking for a new job. She submitted applications to about half a dozen companies.

Almost right away, she got offers from every one of them. And she was working again at a new restaurant two weeks later. She will earn $2,000 more a year than she made at her old job.

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One morning a year ago, federal immigration agents swept into the Midwest Precast Concrete plant in Mount Pleasant, Iowa, and arrested 32 men who were working there illegally.

"I was in the car eating when all of a sudden they all arrived," one worker tells NPR. "They took me out of the car and put handcuffs on me and on everyone else too. They even had a dog." The worker did not want his name used because his case is being heard by a judge.

Bob Best enthusiastically supports President Trump's tough policies against China and other countries.

"I'm not a big tariff guy. I'm a free trade guy," says Best, who manages a heating and air conditioning company in Kennesaw, Ga.

"But sometimes when the bully just doesn't listen, you've got to punch him in the mouth. And that's what he's doing."

Updated at 10:00 p.m. ET

In a significant escalation of rhetoric, senior Trump administration officials accused Beijing of reneging on commitments it had already made in its on-going trade dispute with China, and they said they plan to increase tariffs on $200 billion in Chinese imports from 10% to 25% starting on Friday.

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New numbers came out today showing unemployment last month fell to 3.6%. Or as President Trump put it...

(SOUNDBITE OF ARCHIVED RECORDING)

PRESIDENT DONALD TRUMP: The economy is unbelievable.

Updated at 3:49 p.m. ET

President Trump has filed a lawsuit in federal court seeking to keep two banks from responding to congressional subpoenas, setting up a legal showdown with Democrats eager to investigate his finances.

The president, his three oldest children and his business, The Trump Organization, say the investigations by the House intelligence and Financial Services committees are overbroad and serve no purpose beyond harassment.

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Updated at 2:23 p.m. ET

The heads of some of the nation's biggest banks faced tough questions from Democrats on Wednesday about overdraft fees, the stability of the banking system and their own multimillion-dollar compensation.

The House Financial Services Committee hearing was titled, "Holding Megabanks Accountable: A Review of Global Systemically Important Banks 10 years after the Financial Crisis."

Updated at 3:29 p.m. ET

Bank of America will raise the minimum wage for its employees to $20 an hour in the next two years and freeze health care cost increases for lower-paid workers, the company said Tuesday.

The hourly pay will rise to $17 starting May 1 and then increase to the higher rate by 2021, CEO Brian Moynihan said.

Updated at 8:30 P.M. ET

The acting head of the Federal Aviation Administration defended his agency against criticism that it waited too long to ground Boeing 737 Max planes after a pair of deadly crashes in Indonesia and Ethiopia.

Daniel Elwell told a Senate subcommittee that the FAA waited longer than other countries to order the move earlier this month because it wanted to see flight data that might help explain how the Ethiopian Airlines crash happened.

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The head of the Federal Aviation Administration is expected to get some tough questions today from members of the U.S. Senate.

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