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Unpacking the $1.7 trillion federal spending bill

Marketplace

Marketplace

News, Business

4.68.5K Ratings

🗓️ 27 December 2022

⏱️ 27 minutes

🧾️ Download transcript

Summary

Today, we dive into two components of the omnibus spending bill Congress passed last week. We’ll examine how a funding advance for the Indian Health Service could help serve Indigenous communities and how a bundle of reforms could help bridge the gender gap in retirement savings. Also, we’ll take a look at what’s next for power grids following holiday outages and check in on the persistent infant formula shortage.

Transcript

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0:00.0

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0:05.4

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0:10.6

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0:18.1

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0:21.1

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0:24.4

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0:31.2

At more than 4,000 pages and coming in just under the deadline, there's a lot to unpack in the latest spending bill.

0:40.3

So we may as well dig in.

0:42.6

From American public media, this is Marketplace.

0:45.8

In Washington, DC, I'm Kimberly Adams in Forkai, Rizdal.

0:58.1

It's Tuesday, December 27th. Good to have you with us.

1:01.7

In the coming days, President Biden is expected to sign off on $1.7 trillion in government spending.

1:09.0

The Omnibus Bill funds everything from aid to Ukraine to opioid use disorder treatment programs.

1:16.3

And it includes a provision that tribal nations have been pushing for for decades.

1:21.8

$5 billion in what are called advanced appropriations for the Federal Indian Health Service.

1:28.4

The IHS provides health care to around 2.5 million American Indians and Alaska natives.

1:34.8

And in the past, its annual budget had to be re-approved every year, leaving the agency in bad shape during federal budget impasses and government shutdowns.

1:46.6

Marketplace's Savannah Mara reports on what this shift to advance funding will mean.

1:52.2

There's sort of a dark joke in Indian country that if you're going to get sick, you better do it before summer.

1:58.3

Chief Kirk Francis of the Panab Scott Indian Nation, in Maine, says that's about when IHS funded clinics and hospitals start running low on cash.

2:07.5

You might get the Jew or July and realize you don't have the resources.

2:13.3

To order expensive imaging or refer patients to specialists.

...

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