Money News: How a Government Shutdown Could Impact Your Finances

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2 • 665 Ratings

🗓️ 20 September 2023

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

Learn how a government shutdown would impact your finances. Plus: updates on inflation, retail sales and Delta SkyMiles. In this financial news roundup, hosts Sean Pyles and Anna Helhoski touch on key headlines such as what the latest Consumer Price Index tells us about inflation, the reason why retail sales are surging, and controversial changes to Delta Airlines' SkyMiles program. They then take a close look at the looming threat of a government shutdown in Congress, particularly in the House of Representatives. Learn about the complex backdrop of budget negotiations, the economic consequences of a government shutdown, its impact on federal employees, and precautions you could take in order to prepare for financial challenges during a shutdown. In their conversation, the Nerds discuss: personal finance news, inflation, retail sales, the Consumer Price Index (CPI), Delta SkyMiles changes, a potential government shutdown, the Fiscal Responsibility Act, budget negotiations, government funding, federal employees, essential bills, financial assistance, federal benefits, interest rates, used car prices, rental rates, airfares, Social Security, Medicare, Medicaid, SNAP benefits, government shutdown consequences, and bill prioritization. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:25.3	Prime Video.
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0:33.1	Welcome to Nerd Wallet's Smart Money Podcast.
0:35.7	I'm Sean Piles.
0:36.7	And I'm Anna Hilhouski. And this is our weekly
0:39.2	personal finance news roundup, where we take a look at recent developments in the world of money
0:43.8	and then go in depth on an issue that's important to your life and your bottom line.
0:47.9	In a moment, we're going to take a deeper look at what's happening in the political world as
0:52.0	Congress, specifically the House of Representatives,
0:55.5	struggle us to avoid a government shutdown in less than two weeks. We'll take a look at what it could
1:00.2	mean for your finances. First, a few money headlines from the last few days. The latest consumer
1:10.0	price index is out.
1:11.6	The CPI measures inflation, and unfortunately, Anna, it rose by 0.6% in August, up from July figures.
1:19.4	A big part of the increase was gas prices, which you may have noticed at the pump last month.
	...

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