Aug 25, 2017

08/25/2017: Five weeks to shutdown

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Remember when the news slowed down? Us too. The government has just five weeks to raise the debt limit and pass a budget, avoiding a government shutdown and potential global financial crisis. Trump and congressional leaders have few months more than that to pass tax reform, according to the latest deadline set by economic adviser Gary Cohn. We'll talk about the chances of both happening in time, plus the latest out of the Fed, during the Weekly Wrap. Then: Hurricane Harvey is a Category 3 storm as of this taping, and its eye is just off the coast of Corpus Christi, Texas. There are lives at risk, and the region is looking at billions in property damage. But the geography of the American petroleum industry means Harvey's costs will reverberate throughout the country.

Segments From this episode

After Afghanistan, a Marine and a combat photographer "reconnect through writing"

Aug 25, 2017
In "Shooting Ghosts," T.J. Brennan and Finbarr O'Reilly talk about the friendship that helped them rebuild their lives after war.
Finbarr O'Reilly, left,  and T.J. Brennan at OP Kunjak, a tiny hilltop outpost in Afghanistan.
Finbarr O’Reilly/REUTERS

As Hurricane Harvey bears down on Texas, oil refineries are shutting down

Aug 25, 2017
It's a long process that starts 48 hours before the storm makes landfall. Starting back up can take even longer.
A local resident photographs the beach as Hurricane Harvey approaches in Corpus Christi, Texas, today.
MARK RALSTON/AFP/Getty Images

What will monetary policy look like with Gary Cohn as Fed Chair?

Aug 25, 2017
His market and business influenced perspective is a change from previous frameworks.
Gary Cohn, chief economic adviser to President Donald Trump, is a potential replacement for Federal Reserve Chair Janet Yellen.
NICHOLAS KAMM/AFP/Getty Images

Amazon-Whole Foods alliance could strain the organic supply chain

Aug 25, 2017
Online retail giant Amazon is on track to close its acquisition of the natural and organics grocer Whole Foods. Whole Foods has been losing sales in recent years as competitors ramp up their organic offerings at lower prices. Now Amazon says its working to “make high-quality natural and organic food affordable for everyone.” Analysts expect […]

Remember when the news slowed down? Us too. The government has just five weeks to raise the debt limit and pass a budget, avoiding a government shutdown and potential global financial crisis. Trump and congressional leaders have few months more than that to pass tax reform, according to the latest deadline set by economic adviser Gary Cohn. We’ll talk about the chances of both happening in time, plus the latest out of the Fed, during the Weekly Wrap. Then: Hurricane Harvey is a Category 3 storm as of this taping, and its eye is just off the coast of Corpus Christi, Texas. There are lives at risk, and the region is looking at billions in property damage. But the geography of the American petroleum industry means Harvey’s costs will reverberate throughout the country.

Music from the episode

My Sentiment Universal Togetherness Band
Turino Sun Sébastien Tellier
Cherry SIBA
The Evil Has Landed Queens of the Stone Age