The countdown to a government shutdown begins (again)
· Summarized
Key takeaways
- Congress is struggling to timely pass appropriations bills, leading to a potential government shutdown.
- Current tariff levels are at a historic high, potentially increasing consumer prices as deadlines approach.
- Real-life stories from listeners can highlight broader societal issues and personal triumphs.
Summary
Government Shutdown Countdown
Rima Khrase and Kimberly Adams discuss the impending government shutdown as Congress shifts focus from the ‘One Big Beautiful Bill Act’ to funding the government, with a critical deadline approaching on September 30th. They highlight the historical difficulty Congress has in passing appropriations bills on time, often resulting in continuing resolutions or omnibus bills that bundle several appropriations together. With the House having only a handful of days in session, the likelihood of a shutdown becomes more evident as disagreements between Republicans and Democrats persist on budget priorities.
Tariff Talks and Economic Impact
The hosts delve into the complicated landscape of tariffs, explaining recent developments, including President Trump's extension of a tariff deadline to August 1st. Current U.S. tariffs stand at their highest levels since the 1930s, significantly impacting goods from countries like China and others. The conversation reveals that while companies are currently managing costs to stave off immediate price increases, consumers may soon feel the sting if tariffs proceed as proposed. They cite a recent analysis indicating potential steep hikes in consumer prices due to these tariffs.
Small Wins and Listener Stories
Wrapping up on a positive note, Rima and Kimberly share a listener's story about overcoming fears associated with cooking. The listener, Rachel, recounts her anxiety about using her gas oven, linked to concerns about wildfires and safety, and celebrates her triumph in successfully baking a frozen pizza. This personal anecdote brings attention to the challenges posed by climate anxiety in everyday life, fostering a sense of community and resilience among listeners.
Sponsors
- This Old House Radio Hour · From Emmy Award Winning Series, this old house comes a new podcast, this old house radio hour. We tell stories of the artisans, builders, and visionaries that keep the spirit of Craftsman Chip alive. We also uncover America's forgotten homes, with cheap old houses hosts, Elizabeth and Ethan Finklstein. The podcast is from LAS Studios and American Public Media, wherever you get your podcasts.
Show notes
Now that the “One Big Beautiful Bill Act” is law, Congress is turning its attention to another matter: avoiding a government shutdown. We’ll explain what it will take to keep the government running beyond Congress’ Sept. 30 deadline. And, we’ll fill you in on another deadline: President Trump’s new due date for trade deals before a slew of higher tariff rates kick in. Plus, a listener’s story of frozen pizza and facing fears.
Here’s everything we talked about today:
- "Why the federal government will shut down. And why it won’t" from Punchbowl News
- "Trump combats TACO reputation as White House extends tariff deadline" from The Washington Post
- "Too Many Goods Are About To Face Historically High Tariffs" from Tax Policy Center
"Flint finally replaced its lead pipes" from The Washington Post
Got a question for the hosts? Call 508-U-B-SMART or email makemesmart@marketplace.org.
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