KAI RYSSDAL: Everybody from the president on down’s praising the news out of Beijing today. North Korea has agreed to suspend its nuclear program in exchange for a $250 million aid package.
One sticking point both sides have agreed to leave for later is whether Pyongyang gets its hands on millions of dollars sitting in a bank in Macau.
University of Georgia History Professor Stephen Mihm says a lot has to happen before the U.S. unfreezes that money.
STEPHEN MIHM: If in the next month this question of the frozen accounts is resolved to their satisfaction — and that’s a big if — then that may do a lot to insure the success of this particular accord. But it’s by no means certain.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.