Yes, the U.S. owes itself money
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 4 February 2025
⏱️ 28 minutes
🧾️ Download transcript
Summary
You know that national debt we’re always talking about? It’s at $36 trillion right now, and around $7 trillion of that is owed … back to the U.S. government. We’ll explain. Also in this episode: Oil prices will be moved by more than tariffs this year, AI firms are spending big on Super Bowl ads and lenders see an uptick in business loan demand.
Transcript
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| 0:00.0 | It's the sound of another sale on Shopify, the all-in-one commerce platform to start, run, and grow your business. |
| 0:10.8 | Shopify is the commerce platform revolutionizing millions of businesses worldwide. |
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| 0:40.0 | U.K. slash Marketplace 22, all lowercase. Go to Shopify.com.uk.U.K. slash Marketplace 22 to take your business to the next level today. Shopify.co. U.K. slash Marketplace 22. |
| 0:58.2 | Until further notice, the only economic certainty around here is uncertainty. |
| 1:06.0 | Stories along those lines on the program today. |
| 1:09.5 | From American Public Media, this is Marketplace. |
| 1:18.4 | In Los Angeles, I'm Kai. |
| 1:24.4 | Rizdell, it is Tuesday. |
| 1:25.8 | Today, this one is the fourth of February. Good as always. |
| 1:28.7 | Debbie along, everybody. Another trade and tariff war? Uncertain, although likely. |
| 1:35.1 | Interest rate cuts. Uncertain, although becoming increasingly unlikely. See, also trade and tariffs. |
| 1:42.6 | Control of the financial plumbing of this economy, as we talked about yesterday, uncertain. |
| 1:48.5 | And with uncertainty comes volatility, the chosen manifestation of which for us today is crude oil. |
| 1:55.3 | Reuters reports President Trump is going to crack down on Iranian oil exports. |
| 2:00.0 | There are the tariffs on Canadian oil that are likely or possible or probable. It's uncertain in a month or less. But the oil market and oil prices are complicated. So marketplaces Elizabeth Trowball goes global to get us going. |
| 2:14.8 | 2025 was poised to be kind of chill when it came to the balance of global oil supply and demand, |
| 2:22.6 | says Opus analyst Tom Closer. |
| 2:25.0 | This was supposed to be a year where it would be very, very close on balances. |
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