meta_pixel
Tapesearch Logo
Log in
1 big thing

Why life is about to get more expensive for millions of Americans

1 big thing

Axios

News

42K Ratings

🗓️ 18 July 2023

⏱️ 10 minutes

🧾️ Download transcript

Summary

Life is about to get pricier for millions of families, with a triple whammy of pandemic-era safety net programs coming to an end around the same time this fall. How will this all pan out? Plus, why your sex chromosomes and hormones could impact the effectiveness of your medications. Antitrust regulators set their sights on private equity. And, why lottery jackpots are growing bigger -- but harder to win. Guests: Axios' Caitlin Owens, Alison Snyder and Dan Primack. Credits: Axios Today is produced by Margaret Talev, Alexandra Botti, Fonda Mwangi and Alex Sugiura. Music is composed by Evan Viola. You can reach us at [email protected]. You can text questions, comments and story ideas to Niala as a text or voice memo to 202-918-4893. Go deeper: Life is about to get much more expensive for millions of families Investigating the XY factor in disease U.S. antitrust regulators eye private equity takeover Lottery jackpots keep growing and getting harder to win Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Good morning. Welcome to Axios today. It's Monday, July 17th. I'm Margaret Tyler in

0:09.6

Furnalla, Boudou. Today on the show, while your sex chromosomes and hormones impact

0:14.5

your risk for some diseases and impact how well your medications work. Plus, antitrust

0:19.8

regulators set their sights on private equity. But first, inflation is cool, so why is life

0:25.9

about to get more expensive for millions of Americans? That's today's one big thing.

0:33.3

Several pandemic-era safety net programs are all set to come to an end around the same time

0:40.5

this fall. And that's going to mean a major economic squeeze for millions of families

0:44.8

who will be paying more suddenly for childcare, student loans, healthcare, and even food.

0:50.0

Axios' Caitlin Owens is here to explain. So, Caitlin, what are these programs that are

0:54.6

so one that everyone's been talking about, obviously, is the student loan pause. And this

0:59.9

was in the news recently, if you remember, because the Supreme Court blocked Joe Biden's

1:03.8

plan to forgive student loans for millions of Americans. And so, you know, people who may

1:08.0

have otherwise seen some loan forgiveness can't use that as a crutch now. So, there's also

1:12.5

pandemic-era funding that goes toward childcare providers. They were stabilization grants that

1:18.8

were passed as part of COVID aid packages. And those must be used by the end of September,

1:24.7

so then there will be no more federal money for that. You know, there's been some estimates

1:28.6

that that is going to put child care providers in a bind where some will close and some will raise

1:32.6

tuition. And one estimate has said that three million kids could lose access to child care.

1:38.0

I mean, at some point, some people might decide that either they can't find child care and can't

1:42.6

work or, you know, that it's just not worth it because they can't afford it. Then there's

1:47.3

snap policies that are going back into place, specifically work requirements. The re-implementation

1:53.0

of those mean that about half a million people are at risk of losing their food stamps.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Axios, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Axios and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.