Biden’s student debt relief legacy in limbo
Make Me Smart
Marketplace
4.6 • 5.5K Ratings
🗓️ 31 August 2024
⏱️ 19 minutes
🧾️ Download transcript
Summary
President Joe Biden has forgiven $167.3 billion in student loan debt since taking office. But his administration’s wins are often overshadowed by obstacles to its most ambitious debt relief programs. We’ll get into what this could mean for Biden’s economic legacy. And, we’ll explain why the 30-year mortgage rate can tell us what the markets think about the Federal Reserve’s next move. Plus, we’ll play a very demure, very mindful round of This or That!
Here’s everything we talked about today:
- “30-Year Mortgage Rate Falls Again, Now at 6.35%” from The New York Times
- “$167.3 billion in student loan forgiveness” from The Washington Post
- “Very demure, mindful and viral: the TikTok trend explained” from Axios
Kick off your Labor Day holiday weekend with our “Tunes on Tap” Spotify playlist featuring some of our favorite summer jams! Get the playlist here: marketplace.org/playlist.
Transcript
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| 0:00.0 | I can't do it. I probably just don't have enough time. |
| 0:05.0 | Hey everybody, it's Kai Rizdall. Welcome back to Make Me Smart. Where we make today makes sense. |
| 0:10.0 | It is Friday the 30th of August. |
| 0:14.0 | And I'm Kimberly Adams. |
| 0:16.0 | Thank you for joining us for our podcast and our YouTube live stream. |
| 0:20.0 | We call it Economics on Tap. |
| 0:22.0 | We are going to do what we do on Fridays, get some news, play game after the break with Drew. |
| 0:27.0 | First though we will talk drinks, Ms Adams, what do you have in? |
| 0:31.0 | Well as Chuck Aoki recommended on Tuesday I made myself an old |
| 0:36.3 | fashion with American bourbon but you know because I can't be normal I also |
| 0:42.2 | added the gold slogger that I have |
| 0:45.0 | left over from my last Olympics cocktail and I guess it's now a cinnamon old-fashioned I |
| 0:51.5 | have not tried it yet but let's see all right I don't know about |
| 0:55.1 | cinnamon old-fashioned yeah what I think I may have ruined it. |
| 1:03.0 | Cinnamon and old fashion. |
| 1:05.0 | I don't know. |
| 1:06.0 | I don't know. |
| 1:07.0 | I thought it might like work because of like brown liquor, it's kind of warm and maybe like the things would go together and the orange might |
| 1:14.6 | offset it but I don't think it's a win. Look I wouldn't do it again. I'll |
| 1:20.6 | I'll drink it. I defer to your better judgment but as soon as you said |
| 1:23.4 | cinnamon and bourbon I do yeah but you can do like a nice bourbon spiced apple cider |
| 1:30.5 | thing in the fall and that's got cinnamon and nutmeg and all of those |
... |
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