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Jun 8, 2017

06/08/2017: The House just voted to dismantle Dodd-Frank

The Senate spent most of the day consumed with former FBI Director James Comey’s testimony on President Trump and Russia. But over on the House side, political theater turned into economic reality with the passage of the Financial Choice Act. We’ll talk about what it does, how it relates to the GOP’s pledge to dismantle Dodd-Frank and its chances of actually becoming law. Then: Big news out of Kansas got a little lost this week. The state’s five-year-old experiment with big income tax cuts ended this week. The idea was that low, low taxes would spur economic growth, but for lawmakers the deficits were just too much. What went wrong? Plus: We’ve talked a lot about the troubles facing brick-and-mortar retail — here’s how one California mall says it will survive.

U.S. Rep. Paul Ryan leaves after a House Republican conference meeting Wednesday at the Capitol in Washington, D.C. Rep. Ryan said he is open to run for Speaker of the House if the GOP will unify behind him.
Alex Wong/Getty Images

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Segments From This Episode

The Trump administration struggles to bring down its own unemployment rate
by Nancy Marshall-Genzer
Drew Angerer/Getty Images
Hundreds of important positions remain unfilled, and most of them require Senate confirmation.
Kansas legislature rejects 2012 tax cuts, once seen as a conservative model
by Marketplace Contributor
Stephen Koranda
Lawmakers override the governor to get taxes back on the books.
A look at the bill that would roll back Dodd-Frank regulations
by Kimberly Adams
Under consideration in the House of Representatives today: a big Republican platform item. Specifically, the rollback of Dodd-Frank financial regulations. This comes in the form of a bill called the Financial Choice Act. Here’s what’s in the bill and what could become law. Click the audio player above to hear the full story.
Fashion is having a ‘model moment’
by Kai Ryssdal and Sean McHenry
Randy Brooke/Getty Images for Tommy Hilfiger
Many models are making the switch from wearing clothes to designing them.
Nordstrom family members weigh taking the retailer private
by Amy Scott
Nordstrom’s stock jumped today after the company said a group of Nordstrom family members is considering taking the company private. Like all department stores, Nordstrom has been battling a decline in shopping mall traffic and competition from online retailers. The company reported weaker-than-expected sales last month and warned of a sluggish year ahead. Among other […]
Brick and mortar stores are dying, but not at this mall
by Aaron Schrank
Rachel Murray/Getty Images for NYX Professional Makeup
LA's Glendale Galleria is making shopping more convenient — and fun — for its visitors.
In Europe, signs of economic recovery
by Andy Uhler
These past few years have been rough for the European economy. The Greek debt crisis; shaky banks in Italy; widespread unemployment in Spain. Now, though, there are signs that things are picking up. The European Central Bank, which frames economic policy for the eurozone — the 19 countries that use the euro as their currency […]

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06/08/2017: The House just voted to dismantle Dodd-Frank

Subscribe:

Segments From This Episode

The Trump administration struggles to bring down its own unemployment rate

Kansas legislature rejects 2012 tax cuts, once seen as a conservative model

A look at the bill that would roll back Dodd-Frank regulations

Fashion is having a ‘model moment’

Nordstrom family members weigh taking the retailer private

Brick and mortar stores are dying, but not at this mall

In Europe, signs of economic recovery

Music from the episode