Marketplace has a new podcast for kids, "Million Bazillion!" EPISODE OUT NOW

Buzzword: Earmark

Marketplace Staff Jan 19, 2007

A congressional Trojan horse brings us this week’s Marketplace Money buzzword, “earmark.” An earmark is an allocation of money, often attached quietly to an unrelated bill. It’s one way the folks in Congress fund pet projects. When the bill is passed, the earmark leaps out and takes a chunk of the federal budget. One infamous earmark? The bridge to nowhere in Alaska, which had a price tag of 223 million bucks. This week the Senate passed new rules that would make Senators more accountable for earmarks. It could be the Trojan wars are coming to an end.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.