This episode is brought to you by Slack. With Slack, you can bring all your people and

tools together in one place. It's your digital HQ where you can increase productivity,

enable flexibility and automate workflows. Plus, Slack is full of game-changing features

like huddles for quick check-ins or Slack Connect, which helps you connect with partners

inside and outside of your company. Slack, where the future works. Get started at

Slack.com slash DHQ. Okay, imagine me doing my best Janet Yellen impression. I am writing

to inform you, the Treasury Secretary wrote today, that beginning on Thursday, January

19, 2023, the outstanding debt of the United States is projected to reach the statutory

limit from American public media. This is Marketplace.

In Los Angeles, I'm Kyle Rizzo. It is Friday today, January the 13th. Good as always to

have you along. Everybody, all right. Obviously, I don't have a good Janet Yellen impression.

Number one, but also number two. Next Thursday is six days away, which is to say, we are

all going to be hearing a lot about the debt limit. Perhaps a lot sooner than we'd have

chosen that quote. As I said, was from a letter, the Treasury Secretary sent to congressional

leaders this morning. We will talk about it and the economic week that was with Kate Davidson.

She is at Bloomberg City, ready is at Politico. Hey, you two. Hey, Kate. Let me start with

you. I want to start not with the debt limit. We'll get there in a minute. I want to start

with the consumer price index. Inflation came out yesterday, six and a half percent, the

headline, five point seven percent, the core less food and energy, of course. That is a

meaningful deceleration. My question to you is, is it a durable deceleration?

Well, that's the big question, Kai, right? But fed officials, I mean, fed officials,

they seem to be pretty optimistic about it. Of course, they've been burned before, right?

...