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Marketplace All-in-One

New Congress, same debt drama

Marketplace All-in-One

Marketplace

Business, News

4.51.4K Ratings

🗓️ 2 January 2025

⏱️ 27 minutes

🧾️ Download transcript

Summary

A new congressional session begins on Friday and, like so many before them, the fresh cohort of lawmakers will have to come to a consensus on what to do about the national debt ceiling. Will they raise it, lower it or get rid of it entirely? We explain. Plus, job seekers use social media to market themselves, a few areas shine in an otherwise so-so construction spending report, and longshoremen stand firm against port automation.

Transcript

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0:00.0

Over 100,000 donors have used Givewell to donate more than $2 billion.

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Rigorous evidence suggests that these donations will save over 200,000 lives and improve the lives of millions more.

0:14.6

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You can find all of their research and recommendations on their site for free.

0:24.3

You can make tax-deductible donations to their recommended funds or charities,

0:28.1

and Givewell doesn't take a cut.

0:30.1

To find out more or make a donation, go to givewell.org.

0:33.5

org.

0:34.5

Givewell, UK, can claim gift aid for eligible donations. Again, that's givewell.org

0:39.9

slash UK to donate or find out more. On today's show, it's a shiny, sparkly, brand new year. But the themes of the economy, they're everlasting.

0:53.0

From American Public Media, this is Marketplace.

1:07.8

In New York, I'm Kristen Schwab and for Kyris-Dahl.

1:10.7

It's Thursday, January 2nd. Thanks for tuning in.

1:14.8

We have finally moved into the new year. But when it comes to the economy, we're still gathering Intel on 2024.

1:22.2

Today's data dump is construction spending from November. The figures from the Commerce Department's Census Bureau

1:27.8

taken everything from home building to putting up new power plants, hospitals, and schools.

1:33.0

Also, the repairs and rebuilding of public infrastructure like highways, ports, and water treatment

1:38.1

plants. In November, spending was flat from October and up 3% from the year before, numbers that are lower than what

1:46.0

economists expected. But as Marketplace's Mitchell Hartman reports, there are pockets of strong

1:51.2

construction growth. Nearly half of all construction in this country is residential. Single-family

1:57.6

home building has held up well, with spending up about 8% year-to-date through November.

2:03.8

Multi-family construction, though, is down nearly 6%.

...

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