Jul 5, 2017

07/05/2017: Let’s dig into the Senate health care bill

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It's not exactly beach reading, but it's not the Fourth of July anymore either. Congress is back from recess next week and Senate Majority Leader Mitch McConnell has his sights on reworking and then passing his party's health care bill. Here's the thing though: reading the bill's 142 pages is really tough unless you're an expert. So we called one. Then: President Trump tweeted Monday that gas prices are the lowest they've been in a decade and he'd like to see them go lower. Because facts matter: they're low, but not that low, and the full picture of what "cheap gas" means is a lot more complicated. Plus, for many people it's easier than ever to get by in this economy without carrying any currency. So what's the future of cash look like?

Segments From this episode

How to understand health care, one subparagraph at a time

Jul 5, 2017
We call up an expert to help us make sense of the Senate bill's text.
Legislation is “like an old Roman city,” says Nicholas Bagley, a law professor at the University of Michigan. The original is on the bottom and amendments are layered on top. To understand legislation, you have to know how it's changed, he says. Above, Senate Majority Leader Mitch McConnell speaks to the media in June to announce that the Senate GOP will delay a vote on its health care bill until after the July Fourth recess. 
Drew Angerer/Getty Images

My Economy: Life as a millennial renter priced out of the housing market

Jul 5, 2017
A young working professional still thinks owning a home is part of the American Dream
Justin Sullivan / Getty Images

Why low prices at the pump aren’t necessarily good

Jul 5, 2017
Here’s an official statement from the President of the United States — via Twitter, that is: “Gas prices are the lowest in the U.S. in over ten years! I would like to see them go even lower.” In the past decade, by the way, gas prices have been lower than they are now. But they […]

Chicago students will need proof of a post-high school plan to graduate

Jul 5, 2017
Across the country, public school leaders are always brainstorming, trying to come up with big — and sometimes flashy — ideas to help push more kids to the finish line. The latest one comes from Chicago Public Schools. It said that starting in 2020, high school seniors have to show proof that they’ve got a […]

What does Volvo’s big electric car announcement have to do with China? A lot.

Jul 5, 2017
Volvo is the first major car company to announce when it will stop developing cars that run on good ol’ internal combustion engines. Starting in 2019, all of Volvo’s new models will be hybrids or electric vehicles. The company has its origins in Sweden, but it’s been owned by Chinese carmaker Geely since 2009. You […]

Why are job interviews getting so complicated?

Jul 5, 2017
The U.S. is at close to full employment, but companies are getting pickier and less responsive at the same time.
Job seeker Christopher Tan gives a resume to a potential employer during a job fair on December 17, 2008 in Concord, California.
Photo by Justin Sullivan/Getty Images

When can we stop using cash?

Jul 5, 2017
Paying with bills and coins is "a combination of cost cost, convenience cost and time cost," researcher says.
NOEL CELIS/AFP/Getty Images

It’s not exactly beach reading, but it’s not the Fourth of July anymore either. Congress is back from recess next week and Senate Majority Leader Mitch McConnell has his sights on reworking and then passing his party’s health care bill. Here’s the thing though: reading the bill’s 142 pages is really tough unless you’re an expert. So we called one. Then: President Trump tweeted Monday that gas prices are the lowest they’ve been in a decade and he’d like to see them go lower. Because facts matter: they’re low, but not that low, and the full picture of what “cheap gas” means is a lot more complicated. Plus, for many people it’s easier than ever to get by in this economy without carrying any currency. So what’s the future of cash look like?

Music from the episode

Shimmy Shimmy Ya Ol' Dirty Bastard
Still D.R.E. Dr. Dre, Snoop Dogg
Juicy The Notorious B.I.G.
Fantasy Mariah Carey