John Ydstie

John Ydstie has covered the economy, Wall Street and the federal budget for NPR for two decades. In recent years NPR has broadened his responsibilities, making use of his reporting and interviewing skills to cover major stories like the aftermath of 9/11, Hurricane Katrina and the Jack Abramoff lobbying scandal. His current focus is reporting on the global financial crisis. Ydstie is also a regular guest host on the NPR news programs Morning Edition, All Things Considered, Weekend Edition and Talk of the Nation.

During 1991 and 1992 Ydstie was NPR's bureau chief in London. He traveled throughout Europe covering, among other things, the breakup of the Soviet Union and attempts to move Europe toward closer political and economic union. He accompanied U.S. businessmen exploring investment opportunities in Russia as the Soviet Union was crumbling. He was on the scene in The Netherlands when European leaders approved the Maastricht Treaty, which created the European Union.

In August 1990, Ydstie traveled to Saudi Arabia for NPR as a member of the Pentagon press pool sent to cover the Iraqi invasion of Kuwait. During the early stages of the crisis, Ydstie was the only American radio reporter in the country.

Ydstie has been with NPR since 1979. For two years, he was an associate producer responsible for Midwest coverage. In 1982 he became senior editor on NPR's Washington Desk, overseeing coverage of the federal government, American politics and economics. In 1984, Ydstie joined Morning Edition as the show's senior editor, and later was promoted to the position of executive producer. In 1988, he became NPR's economics correspondent.

During his tenure with NPR, Ydstie has won numerous awards. He was a member of the NPR team that received the George Foster Peabody for its coverage of 9/11. Ydstie's reporting from Saudi Arabia helped NPR win the Alfred I. duPont-Columbia University Award in 1991 for coverage of the Gulf War. Prior to joining NPR, Ydstie was a reporter and producer at Minnesota Public Radio. While there, he was awarded the Clarion Award for his report "Vietnam Experience and America Today."

A graduate of Concordia College, in Moorhead, MN, Ydstie earned a bachelor of arts degree, summa cum laude, with a major in English literature and a minor in speech communications.

Ydstie was born in Minneapolis, and grew up in rural North Dakota.

Pages

Economy
4:16 am
Fri March 1, 2013

Economists Debate Sequestration's Effect On Economy

Originally published on Fri March 1, 2013 12:47 pm

The Congressional Budget Office estimates the automatic budget cuts that go into effect Friday will shave 0.6 percent from the economy's annual growth rate. That might not be a big worry if the economy were growing at 3 or 4 percent. But growth is a paltry 2 percent, so the impact may be noticeable.

Politics
4:42 am
Fri February 22, 2013

Obama To Urge Japan To Join Trans-Pacific Partnership

Originally published on Fri February 22, 2013 5:26 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with a Japanese visit to the White House.

Japan's Prime Minister Shinzo Abe will meet with President Obama at the White House today. For Abe, the primary focus of the summit is re-vitalizing Japan's security alliance with the United States in the face of the threat from North Korea as well as tensions between Japan and China.

But as NPR's John Ydstie reports, the leaders will also discuss economic issues.

Read more
Economy
6:04 am
Fri February 15, 2013

Eurozone Economies Declined In 2012

Originally published on Fri February 15, 2013 7:39 am

Transcript

LINDA WERTHEIMER, HOST:

NPR's business news starts with Europe's rocky economy.

(SOUNDBITE OF MUSIC)

WERTHEIMER: It was a tough three months for the eurozone at the end of last year. The area fell deeper into recession.

And as NPR's John Ydstie reports, it's expected to remain in recession well into 2013.

JOHN YDSTIE, BYLINE: The output of the eurozone fell six-tenths of a percent in the final three months of last year, according to a report from Eurostat. The decline translates to an economy contracting at a 2.3 percent annual rate.

Read more
Business
5:05 am
Thu February 14, 2013

Lew Expected To Be Confirmed As Treasury Secretary

Originally published on Fri February 15, 2013 2:05 am

Transcript

LINDA WERTHEIMER, HOST:

Jack Lew, President Obama's pick for Treasury secretary, appears headed toward confirmation by the full Senate. He fared well during his confirmation hearing at the Senate Finance Committee yesterday.

But as NPR's John Ydstie reports, Lew did get some pointed questions from Republicans about his brief career in the private sector as an executive of Citigroup.

Read more
Politics & Government
5:51 am
Sat January 12, 2013

What Would Obama Do (If There's No Debt Ceiling Deal)?

Originally published on Sat January 12, 2013 11:08 am

Transcript

SCOTT SIMON, HOST:

This is WEEKEND EDITION from NPR News. I'm Scott Simon.

You might've chuckled a bit this week, if you heard about the trillion-dollar platinum coin plan, to perhaps address Washington, D.C.'s debt ceiling stalemate. But it will certainly be no laughing matter if the U.S. Congress refuses to raise the borrowing limit, and the U.S. government defaults on its debt. Global financial markets would likely plummet.

NPR's John Ydstie reports on some of the options the president has if he and Congress cannot reach an agreement.

Read more
Economy
2:44 am
Fri January 11, 2013

Geithner Began With 'Smoldering' Economy; What Does He Leave?

In this handout image provided by the White House, President Obama talks with Treasury Secretary Timothy Geithner at the United Nations on Sept. 23, 2010.
The White House Getty Images

Originally published on Fri January 11, 2013 7:35 am

Outgoing Treasury Secretary Timothy Geithner has had a bruising four years. He took office when the U.S. economy was plunging into the worst recession since the Great Depression.

Nominating Jack Lew as Geithner's successor Thursday, President Obama praised his departing Treasury secretary for helping to get the economy back on track.

Read more
Business & Education
5:37 pm
Tue January 8, 2013

After The 'Fiscal Cliff,' Businesses Say Some Uncertainty Remains

U.S. employers added 155,000 jobs in December, a steady gain that shows hiring held up during the tense negotiations to resolve the fiscal cliff. But the unemployment rate remained at 7.8 percent last month.
Damian Dovarganes AP

Originally published on Tue January 8, 2013 6:23 pm

Businesses complained that the uncertainty surrounding the "fiscal cliff" froze their decisions about hiring and expanding, which hurt the economy. Washington has now managed half a deal, which settles tax issues, at least for the time being. But has that removed enough uncertainty to boost some business hiring and investment?

Read more
Economy
3:18 pm
Fri December 28, 2012

Reading The Economic Tea Leaves For 2013

A housing revival will be key to an economic recovery in 2013, analysts say.
Jonathan Ernst Reuters /Landov

Originally published on Fri December 28, 2012 4:06 pm

The U.S. economy was a bit of a disappointment in 2012. During the early months of the year, job creation was surprisingly strong, but by the end of the year, uncertainty about the election and the "fiscal cliff" slowed the economy's forward motion. So will 2013 look any better?

Mark Zandi of Moody's Analytics says that while Washington likely will steer us away from the fiscal cliff at the last minute, some elements of the deal will be a drag on the economy early in 2013.

Read more
Economy
4:32 pm
Wed December 26, 2012

The Fed Boosts The Economy, But What About The Risks?

Federal Reserve Chairman Ben Bernanke speaks during a news conference in Washington on Dec. 12. Some economists worry the Fed has set the stage for inflation as well as stock and housing bubbles by keeping interest rates low.
Kevin Lamarque Reuters /Landov

Originally published on Wed December 26, 2012 6:24 pm

The Federal Reserve continued to keep its foot on the accelerator in 2012, using unusual tactics to try to boost economic growth. But there's disagreement among economists about whether the Fed's policies were effective or whether the risks to the economy outweighed the rewards.

Read more
Around the Nation
5:54 am
Sat December 8, 2012

Unemployment Rate Drops, But Picture Not All Rosy

Originally published on Sat December 8, 2012 6:37 am

Transcript

SCOTT SIMON, HOST:

This is WEEKEND EDITION, from NPR News. I'm Scott Simon. Turns out that Superstorm Sandy didn't do as much damage as many expected, to the nation's unemployment predicament. At least, that's what the government's monthly data on the jobs market told us yesterday. As NPR's John Ydstie reports, analysts and businesses are already looking past that report, to the dangers to jobs posed by the fiscal cliff.

Read more
Politics & Government
5:05 pm
Tue December 4, 2012

Social Security's COLA At Stake In 'Fiscal Cliff' Talks?

Originally published on Wed December 5, 2012 9:34 am

The Republican plan to avert the "fiscal cliff" that the White House rejected Monday includes at least one element that's likely to produce controversy: a proposal that would, among other things, affect the cost of living adjustment for Social Security.

Read more
It's All Politics
5:05 pm
Fri November 30, 2012

Raising Taxes On The Rich: Canny Or Counterproductive?

Sen. Charles Schumer, D-N.Y. (right), shown at a news conference Thursday on Capitol Hill with Senate Majority Leader Harry Reid, is arguing for raising taxes on the wealthy as part of a deal to avoid the fiscal cliff.
J. Scott Applewhite AP

Originally published on Fri November 30, 2012 5:44 pm

As negotiations continue in Washington over a plan to avoid the fiscal cliff — that combination of tax hikes and spending cuts scheduled for Jan. 1 — one big sticking point is whether to raise tax rates for high-income Americans.

Congress and the White House constructed the cliff last year, thinking it would force them to focus on solving the deficit problem. But they're still battling over what approach makes the most sense.

Read more
It's All Politics
4:04 am
Fri November 30, 2012

How Much Income Taxes Could Rise: A Breakdown Of The Options

House Speaker John Boehner of Ohio speaks to reporters on Capitol Hill Thursday after private talks with Treasury Secretary Timothy Geithner.
J. Scott Applewhite AP

Originally published on Fri November 30, 2012 9:46 am

"No substantive progress has been made." That's what House Speaker John Boehner had to say Thursday about efforts to avoid automatic spending cuts and tax increases at year's end.

The administration's lead negotiator, Treasury Secretary Tim Geithner, met with congressional leaders from both sides of the aisle Thursday, looking for an agreement on the hazard Congress and the White House created last year to focus their minds on deficit reduction.

Read more
Politics & Government
2:25 am
Mon November 19, 2012

In Fiscal Cliff Talks, Higher Taxes Vs. Closing Loopholes

President Obama, accompanied by House Speaker John Boehner of Ohio, speaks to reporters at the White House on Friday during a meeting to discuss the fiscal cliff.
Carolyn Kaster AP

Originally published on Tue November 20, 2012 9:38 am

The White House and Congress continue to work on a deal that avoids the fiscal cliff and cuts deficits in the long run. One of the biggest hurdles is President Obama's proposal to raise tax rates for the wealthy.

Republicans think a better course would be to raise revenue by closing loopholes and limiting deductions for high-income people. The question is, could that method raise enough money.

Read more
Politics
3:07 am
Mon November 12, 2012

Lew, Bowles Rumored To Replace Treasury's Geithner

Originally published on Mon November 12, 2012 4:43 pm

A second term means some new Cabinet appointments for President Obama, including at the Treasury. After four pretty grueling years, Secretary Timothy Geithner has made it clear he will be leaving Washington.

White House press secretary Jay Carney said last week that Geithner would be staying on through the inauguration. He's also expected to be a "key participant" in "fiscal cliff" negotiations.

Read more

Pages