May 25, 2017

05/25/2017: What, me worry?

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We've talked a lot about the economic anxiety normal Americans face every day, but today we're casting and eye toward economic anxiety in and about Washington. First, the White House's budget. There are some assumptions that don't quite add up,…

Segments From this episode

Is the craft movement making service jobs hip?

May 25, 2017
These are 'serious pursuits' of young urbanites, the 'Masters of Craft' author says. But will the careers last?
"I found across all these occupations is this renewed attention to detail," says Richard Ocejo, an associate professor of sociology at John Jay University and the The City University of New York. "They really reinvigorated them with this sense of meaning, this sense of craft,"
Adam Berry/Getty Images

California desert town Adelanto plans its future around pot

May 25, 2017
City officials see weed as the answer to the community's financial woes.
In the area now dubbed The Green Zone, land is being cleared for massive marijuana grow warehouses.
David Weinberg

Here's why so much news seems to break late in the day

May 25, 2017
Even the White House is said to dread what's coming at cocktail hour on the East Coast.
In general, "there are usually two times of day when newsmakers are most likely to time their news," says Paul Niwa, a journalism professor at Emerson College.
Mike Coppola/Getty Images

Why do grocery stores sell gift cards to other places?

May 25, 2017
All sides get something out of the deal.
 That wall of different gift cards hanging on hooks at the end of a drugstore or grocery story aisle actually has a name: the gift card mall.
Justin Sullivan/Getty Images

The administration has based its budget on 3 percent GDP. What happens if we don’t get there?

May 25, 2017
Treasury Secretary Steven Mnuchin faced his second day of grilling on Capitol Hill today, this time appearing before the Senate Finance Committee to discuss his boss’s proposed budget for next year. Baked into that budget is the assumption that the…

Tax collectors are crying poor

May 25, 2017
Treasury Secretary Steven Mnuchin and Office of Management and Budget Director Mick Mulvaney were on Capitol Hill this week sounding the alarm on the debt ceiling. That’s the limit on how much debt the government can rack up. Mnuchin and…

We’ve talked a lot about the economic anxiety normal Americans face every day, but today we’re casting and eye toward economic anxiety in and about Washington. First, the White House’s budget. There are some assumptions that don’t quite add up, but today Treasury Secretary Steven Mnuchin reiterated his confidence that tax cuts, deregulation and trade policy will ratchet up economic growth. But what if it doesn’t? Then: Mnuchin and White House budget director Mick Mulvaney both testified on Capitol Hill this week to sound the alarm about the deb limit. They’re worried Congress might have to raise it sooner than expected. We’ll explain what’s going on. Plus: a California prison town’s big bet on pot to save its economy.

Music from the episode