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Nov 14, 2017

11/14/2017: Forget it Jake, it’s Washington

It’s a tax bill! It’s a healthcare bill! It’s a tax bill! It’s a healthcare bill? Just when we were beginning to fully grasp the Senate’s tax bill, Republicans throw in a repeal of the individual health care mandate. And, trade deficits: the president tweeted that he wants them erased — quickly — but why? Economists talk about ways to bring them down, and we have a report on the oil and gas industry, where one trade deficit could become a surplus. Plus, the bipartisan deal in the works to ease banking regulations, and the health risks of fracking.

Sen. Claire McCaskill (D-MO), reads her papers during a Senate Finance Committee markup of the Tax Cuts and Jobs Act legislation on Capitol Hill, November 13, 2017 in Washington, DC.
Mark Wilson/Getty Images

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Segments From This Episode

What would happen if we reduced trade deficits quickly?
Fresh from his trip to Asia, President Donald Trump today tweeted that things must change when it comes to trade. “The United States has to be treated fairly and in a reciprocal fashion. The massive trade deficits must go down quickly!” he wrote. Now, most economists disagree with the president on whether the current U.S. […]
The U.S. shale boom is big, but not an economic silver bullet
by Jed Kim
One front where the U.S. is closing its trade deficit: oil and gas. The International Energy Agency’s new World Energy Outlook forecasts astounding growth in U.S. shale oil production, a growth rate that rivals that of Saudi Arabia at its fastest. The agency said the U.S. will eventually sell more oil than it buys, and […]
Smaller banks could win big if one Dodd-Frank oversight rule is loosened
by Nancy Marshall-Genzer
A bipartisan group of senators has agreed to take a big step in loosening up some of the bank regulations that were put in place after the 2008 financial crisis under the Dodd-Frank law. They’re backing a deal that would exempt small and regional banks from regulations and testing meant to ensure that financial institutions […]
The Senate tax bill has a health care throwback
by Kai Ryssdal
Win McNamee/Getty Images
A proposed amendment would end the Affordable Care Act's individual health insurance mandate.
The powerful hold of Silicon Valley’s venture capital priesthood
by Kai Ryssdal, Molly Wood and Shaheen Ainpour
Photo by Sean Gallup/Getty Images
Marketplace Tech's Molly wood tells how a small, influential group of mostly men have a tendency to fund … mostly men.

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11/14/2017: Forget it Jake, it’s Washington

Subscribe:

Segments From This Episode

What would happen if we reduced trade deficits quickly?

The U.S. shale boom is big, but not an economic silver bullet

Smaller banks could win big if one Dodd-Frank oversight rule is loosened

The Senate tax bill has a health care throwback

The powerful hold of Silicon Valley’s venture capital priesthood

Music from the episode