Will recent bank failures affect debt ceiling talks?

Make Me Smart

Marketplace

News, Business

4.6 • 5.4K Ratings

🗓️ 22 March 2023

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Following the failures of Silicon Valley Bank and Signature Bank, Treasury Secretary Janet Yellen told Congress the United States banking system is healthy — for now — but a debt limit breach would throw it back into chaos. One listener asked if the recent banking hubbub might get Congress to finally take action on the debt ceiling. We’ll get into it and answer more of your questions about what makes credit unions different from banks and why it’s so hard to turn office buildings into apartments. And, what’s in a Kai Ryssdal sandwich?

Here’s everything we talked about today:

- “Yellen: Debt limit breach would be ‘devastating’ for banks” from Roll Call

- “U.S. Treasury says record FDIC cash draw won’t affect debt ceiling ‘X-date'” from Reuters

- “U.S. government assures on bank deposits, but debt ceiling still looms” from Axios

- “Credit Unions vs. Banks: Which One Is the Best for You?” from Investopedia

- “Failed bank fallout could open doors for credit unions. Here’s what to know” from AZ Central

- “Can empty office space help solve the housing shortage?” from Marketplace

- “So You Want to Turn an Office Building Into a Home?” from The New York Times

- “Churches convert to rentals as young people leave the flock” from Marketplace

- “Why Office-to-Apartment Conversions are Likely a Fringe Trend at Best” from Moody’s Analytics

- Wax Paper sandwich shop’s website

Got a question for the hosts? Leave us a voicemail at 508-U-B-SMART or email us at [email protected].

Transcript

Click on a timestamp to play from that location

0:00.0	Did you know choosing the train over your car can cut your carbon footprint by up to two thirds?
0:06.0	So, one family outing at a time, one little adventurer at a time, one trip to the museum, one dinner in the city, one nap on the way home at a time.
0:18.0	One train journey at a time can help create a greener future.
0:23.0	So when will you take your next trip? Find out more at nationalrail.co.uk slash greener.
0:30.0	And by American Public Media, producer of Marketplace, thanking the great companies that support this program.
0:37.0	Information on corporate sponsorship at marketplace.org slash corporate.
0:42.0	Hey everybody, I'm Kyle Rizzo, welcome back to Make Me Smart. Where we make today make sense.
0:53.0	And I'm Kimberly Adams. This is What Do You Want to Know Wednesday, the day and the week where we get to answer listeners questions.
1:00.0	You can get your question on the podcast by sending us a email at Make Me Smart at Marketplace.org.
1:07.0	You can also send us a voice memo to that same email address. You can also leave us a voice mail at 508 UB Smart.
1:14.0	I still don't know the differences between your voice memo and a voice mail, but that is the time.
1:20.0	You do, I feel like you do. You do not.
1:22.0	It's the same thing. Voice mail, voice memo, same bleeping thing.
1:30.0	Okay, so the next time that I'm doing a spot and I have phone tape instead of a voice memo, tell me that they're the same.
1:37.0	Oh, okay, now I get it. Now you have to explain to the nice people why that matter.
1:46.0	So when we're doing stories for Marketplace, we try to get our guests to record their side of the interview.
1:54.0	So we'll be talking to them on like Zoom or sometimes on the telephone.
1:58.0	And we ask them to use their smartphones to record their own voices so that we get their side of the interview and then they send us those files.
2:06.0	And it's a higher audio quality than if we use our equipment on our end just to record the sound of them on the phone or something like that.
2:15.0	And it's easier for people to understand on the radio. It just sounds better.
2:18.0	And that's the difference between the voice memo and the phone tape, even though it's not actually tape, it's all digital audio.
2:24.0	But there's a definite difference in the sound quality.
	...

Please login to see the full transcript.

Previous episode | Next episode

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

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