Morning Edition from NPR

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And let's turn to the issue that is front and center this election year - the economy. Austerity measures aimed at curing Europe's debt crisis have thrown a number of eurozone countries into recession. The threat of defaults in Greece and even larger countries like Spain have rattled U.S. financial markets, and President Obama recently said that Europe's troubles are casting a shadow over the U.S. economy.

To better understand what the president is talking about, we brought in NPR economics correspondent John Ydstie.

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This is MORNING EDITION from NPR News. I'm David Greene.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne.

Wisconsin's combative Governor Scott Walker has survived an attempt to remove him from office. Labor unions, angry over the Republican governor's successful push to strip them of most collective bargaining rights, had battled Scott Walker and hoped Wisconsin voters would oust him.

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NPR's business news starts with yet another setback for Spain.

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London is having a lot of fun this summer. This past few days, it brought parades, concerts and a 1,000-boat flotilla down the Thames, celebrating the Queen's Diamond Jubilee. Next month, the Olympic Games begin.

From time to time, NPR's Philip Reeves sends us a letter about the preparations for the games. This is his latest.

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And the U.S. bailout of General Motors and the auto industry in 2009 has worked its way into the presidential campaign. Republican Mitt Romney says he'd sell the government stock in GM quickly if he wins the White House. A White House spokesman counters that Romney isn't credible on the issue, since he opposed the bailout that rescued the industry.

NPR's Sonari Glinton has the story.