The federal budget is not the same as a household budget
Feb 16, 2023

The federal budget is not the same as a household budget

House Speaker Kevin McCarthy has compared the federal budget to a household's credit limit, but economists don't buy that analogy. We'll unpack the differences.

Segments From this episode

Why comparing government and household spending doesn't quite work

Feb 16, 2023
It's like comparing apples and oranges, professor Golnaz Motie says, because the government has many more tools and huge immediate obligations.
House Speaker Kevin McCarthy has compared the federal debt ceiling to a household's credit limit.
Mark Wilson/Getty Images

Big layoffs grab our attention, but plenty of hiring is happening too

Feb 16, 2023
The hospitality industry, for example, is on a hiring binge.
Leisure and hospitality was the leading sector for jobs growth in January, and employment in those industries is still below what it was pre-pandemic.
Bryan R. Smith/AFP via Getty Images

The producer price index hints at where consumer prices are headed

Feb 16, 2023
Wholesale prices rose 0.7% in January, showing that inflation is sticking around.
Food prices for suppliers dropped 1% month over month, according to the producer price index.
Scott Olson/Getty Images

This Dallas dancer looks to challenge the idea of the "starving artist"

Feb 16, 2023
Alexandra Light is looking to transition from a full-time dancer to a full-time choreographer.
"If you have two dancers in a family trying to support kids, it's like nearly impossible," said Dallas dancer Alexandra Light.
Courtesy Oliver Endahl

For the 2023 Farm Bill, expect a political showdown over SNAP benefits

Feb 16, 2023
Congress will be debating food aid programs covered by the bill, just as pandemic-era funding increases for food aid expire while grocery costs remain high.
As grocery costs remain high, a shrinking budget for the Supplemental Nutrition Assistance Program could be a strain for recipients.
Stefani Reynolds/AFP via Getty Images

For small online retailers, digital advertising has become more expensive

Feb 16, 2023
Several factors have pushed up the cost of ads during the pandemic. Even so, many small businesses don’t have much of a choice but to keep advertising.
When Apple’s do-not-track option launched in 2021, it had an outsized impact on smaller businesses trying to advertise digitally.
Josh Edelson/AFP via Getty Images

Music from the episode

As It Was Harry Styles
Circles Taro Umebayashi
She Is Whimsical Arthur Benson
Snowchild The Weeknd
Told You So Paramore

The team

Nancy Farghalli Executive Producer
Maria Hollenhorst Producer II
Andie Corban Producer I
Sarah Leeson Producer I
Sean McHenry Director & Associate Producer II
Richard Cunningham Associate Producer I
Dylan Miettinen Associate Digital Producer