The Senate's last push of the first half of 2017 is toward passing the new health care bill. Republican Majority Leader Mitch McConnell expects a tight margin in the upcoming vote, so he's trying to appeal to both sides — adding funding for opioid addiction treatment and low-income Americans, as well as higher tax deductions for health savings accounts. We discuss a newly released study that calculates the financial impact of unchecked climate change and talk to one of the study's authors, who says that climate change's impact will be much bigger in hotter regions. These areas tend to be poorer, meaning climate change has the potential to aggravate America's inequality. And speaking of inequality, we play some of your responses to last week's story on America's divide between people who leave their hometowns and those who stay.
All 34 big banks passed their Federal Reserve stress tests, which were implemented after the last financial crisis to test how these banks can withstand future disasters. Marketplace's Marielle Segarra explains just how safe this should make us feel. And we explore the opposite end of the spectrum from America's biggest banks — the world of those who are unbanked — with Lisa Servon, who worked as a check casher and payday lender to better understand the system.
Millennials are the largest and most diverse generation of Americans, with about 19 percent of them identifying as Latino or Hispanic, 13 percent as black or African-American and six percent as Asian-American. According to a new report called "Gen Forward," African-Americans and Latino millennials are more likely to be economically vulnerable than their white and Asian-American counterparts. We talk to one of the study's authors about these findings. Also, yesterday Federal Reserve Chair Janet Yellen said "asset valuations are somewhat rich," which is Fed speak for "stock prices are high." But does that mean we are heading for a bubble?
Here's a thought: What if a wider reading of the humanities can help you understand finance? We talk to Harvard Business School Professor and economist Mihir Desai who wrote a book about just that, called "The Wisdom of Finance: Discovering Humanity in the World of Risk and Return." Also on today's show: A record week for IPOs. Ten companies are expected to go public this week, making it the busiest week for IPOs in two years.
Senate Republicans are reportedly planning to put a penalty in the health care bill that would lock people out of the market for six months if they drop their coverage. Why are they doing this? Health care reporter Dan Gorenstein fills us in. Also, the most expensive bailout of failing banks in Italy's history and what to expect from Indian Prime Minister Narendra Modi’s first meeting with President Trump. Lastly, the president has been a vocal critic of foreign trade, but states are making their own deals. We drop in on a big, three-day convention in Maryland, just outside Washington, to see how states, counties and U.S. territories are coming together with foreign investors.
A draft of the Senate's version of the Republican health care bill is finally here. We'll talk about the changes it would make to Medicaid, and whether consumer behavior would change under the plan. Afterwards, we'll look at the conflict brewing between U.S. solar panel makers and foreign ones. Two American manufacturers have asked for steep tariffs on foreign panels because of their cheap prices, which makes it hard to compete.