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Marketplace All-in-One

Adding student athlete pay to the college sports equation

Marketplace All-in-One

Marketplace

News, Business

4.81.3K Ratings

🗓️ 10 June 2025

⏱️ 10 minutes

🧾️ Download transcript

Summary

After over a decade of litigation, a federal judge has signed off on a settlement allowing schools in the power conferences to issue direct revenue-sharing payments to athletes. Now, universities face large costs and hard choices about which sports benefit and which are left behind. But first: Hedge fund manager Ray Dalio shares why he's worried about government debt and the potential for a "bond market heart attack."

Transcript

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0:00.0

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0:16.1

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1:09.7

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1:13.0

Is all this borrowing by Congress on track to what one famous investor calls a bond market heart attack?

1:20.5

I'm David Brancaccio in Los Angeles. The big tax cutting and program cutting bill getting

1:25.5

hammered out in Congress is not on track to be a free lunch.

1:29.3

The Congressional Budget Office calculates it would add $2.4 trillion to America's budget deficit over 10 years, even more if you factor in interest on the debt.

1:39.7

A billionaire investor who takes a very long view of how the government borrows, worries the wheels

1:45.2

could come off this thing if Congress doesn't start making harder choices. Ray Dalio is founder of

1:50.4

the biggest of hedge fund firms, Bridgewater Associates. His latest book just published is called

1:55.6

How Countries Go Broke, subtitle, The Big Cycle. Mr.ahlio, good to reconnect here. It's good to be back.

2:02.7

You and I have talked about this before, Ray. There are business cycles, boom and recession every,

...

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