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Marketplace All-in-One

The federal budget deficit is declining

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 8 February 2024

⏱️ 1 minutes

🧾️ Download transcript

Summary

The deficit is likely to fall $200 billion; Disney partners with Epic on video games; Initial jobless claims fall to 218,000; Starbucks must rehire employee who was helping unionize stores, judge rules

Transcript

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0:00.0

The federal budget deficit is declining.

0:04.0

I'm Nova Safo with the Marketplace Minute.

0:06.0

It will be a temporary drop totaling about $200 billion,

0:10.0

according to the Congressional Budget Office.

0:12.0

And thanks in part to better than expected

0:13.9

tax revenues from better than expected investment returns.

0:18.1

The CBO says deficits will then grow again, but will be 7% smaller than previously thought,

0:23.2

in part because of a better than expected job market.

0:26.0

Disney has made a $1.5 billion investment

0:28.5

into video game maker Epic.

0:30.5

The media giant says Epic will make games featuring Disney franchises and characters.

0:35.0

Initial jobless claims fell last week despite recent high-profile layoff announcements.

0:40.0

The total was a relatively low to 18,000.

0:44.0

A federal labor law judge says Starbucks must rehire a part-time employee who quit after the company

0:49.2

repeatedly ignored her scheduling requests.

0:52.1

The employee was helping Starbucks stores unionized and the

0:54.4

judge said the coffee chain treated her differently than other workers. I'm Novasafo

0:59.5

with a marketplace minute. placement.

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