A tale of two debt dramas on Capitol Hill
Make Me Smart
Marketplace
4.6 • 5.4K Ratings
🗓️ 2 June 2023
⏱️ 16 minutes
🧾️ Download transcript
Summary
The debt limit deal making its way through Congress comes with changes to work requirements for food stamps. We’ll get into why these changes may not be the cost-cutting solutions they’re cracked up to be. And Congress has blocked President Joe Biden’s student debt relief program. We’ll discuss what’s next in the battle over loan forgiveness. Plus, the heartwarming story of a bumblebee rescue.
Here’s everything we talked about today:
- “Senate votes to overturn Biden’s student loan relief program” from NBC News
- “The new work requirements for food stamps in the debt ceiling deal” from The Washington Post
- “The Welfare-to-Work Industrial Complex,” season six of “The Uncertain Hour” from Marketplace
- “Billionaire SPAC Kings Dragged to Court After Boom Goes Bust” from Bloomberg
- “Treasury bill yields plunge with debt deal in view” from Axios
- “Company Insiders Made Billions Before SPAC Bust” from The Wall Street Journal
- “NBA Quiz: Where Is the Pass Going?” from The New York Times
- This TikTok from @animal__usa of a wholesome bee rescue
Join us tomorrow for Economics on Tap. The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern. We’ll have news, drinks, a game and more.
Transcript
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| 0:29.6 | Hey everyone, I'm Marie Mechrez, host of This is Uncomfortable, a podcast from Marketplace. |
| 0:35.7 | This season, we explore how secrets can shape our financial lives. |
| 0:39.6 | We've got stories about the creative lengths people go to pay off student debt, what it's |
| 0:44.5 | like to become addicted to financial submission, and how easy it can be to get stuck in a vicious |
| 0:49.9 | cycle. |
| 0:50.9 | We take a look at how secrets take a toll on our lives and what price some are willing |
| 0:55.1 | to pay for the truth. |
| 0:57.1 | Listen to This is Uncomfortable, wherever you get your podcasts. |
| 1:00.8 | Heaters off, we may begin. |
| 1:04.5 | Also, just to go back. |
| 1:09.8 | Hello I'm Kimberly Adams, welcome back to Make Me Smart. |
| 1:13.0 | Make me smart, she's not a great way to start. |
| 1:15.5 | Welcome back to Make Me Smart, where we make it today make sense and happy pride to everybody |
| 1:20.1 | celebrating. |
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