Another budget showdown on Capitol Hill

Make Me Smart

Marketplace

News, Business

4.6 • 5.4K Ratings

🗓️ 14 July 2025

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Senate is expected to vote on President Donald Trump’s rescissions package this week, which proposes rescinding $9.4 billion in previously approved spending to several programs, including public media and foreign aid spending. We discuss how this could undermine the bipartisan process. Then, we take a look at Bitcoin trading at new record highs, as U.S. lawmakers prepare to pass new regulations on cryptocurrency. We explain the bills being proposed in what’s been dubbed “Crypto Week.” Plus, we hear listeners’ wins about a resurgence of monarch butterflies and a lifelong dream of clubbing in Berlin.

Here’s everything we talked about today:

“GOP leader faces showdown with Republicans on Trump-backed funding cuts” from The Hill
“Schumer warns package to claw back funding would ‘poison’ annual spending talks” from The Hill
“A Senate vote this week will test the popularity of DOGE spending cuts” from The Associated Press
“Bitcoin Soars Past $120,000 as House Takes Up Crypto Bills” from The New York Times
“‘Crypto Week’ on Capitol Hill” from Marketplace
“Trump Rescission Proposal Builds on Illegal Impoundments, Would Undermine Future Funding Deals” from Center on Budget and Policy Priorities

We love hearing from you. Leave us a voicemail at 508-U-B-SMART or email [email protected].

Transcript

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0:00.0	Hey, if you're listening to this, I will assume you're at least interested in money,
0:04.5	understanding the economy, and finances as well.
0:07.0	And some of us now want to get the next generation interested as well.
0:10.6	So check out Million Bazillion, Marketplace's award-winning kids podcast that breaks down money to help dollars make more sense.
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0:22.4	Million Billion is presented in partnership with Greenlight, the debit card and money app for kids and teens.
0:27.0	Greenlight helps kids and teens learn to earn, save, spend wisely, and invest.
0:31.5	When you sign up for a Greenlight account at greenlight.com slash million.
0:41.9	Musiccom slash million. Hello, everyone.
0:42.8	I'm Kimberly Adams.
0:43.7	Welcome back to Make Me Smart, where we make today make sense.
0:47.0	And I'm Rima Grace.
0:48.1	Thanks for joining us, everyone.
0:49.5	It is Monday, July 14th.
0:51.8	We're going to do some news and celebrate some wins today. But let's start
0:55.6	off with the news. Do you want to go first, Kimberly?
0:58.0	Sure. If you've been listening to public media at all in the last couple of months,
1:03.3	you know that there's a recisions package that Congress is considering that would affect
1:07.8	funding for public media and full disclosure. I've been doing some recordings
1:12.4	and announcements and things and informational stuff on that. But I actually wanted to talk about
1:18.2	a broader debate happening about this particular recisions package in Congress, because
	...

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