Every weekday on Marketplace, Kai Ryssdal hosts a lively and unexpected exploration of the day’s business and economic news from Wall Street to your wallet.
Well then. Seven years and one day after the Affordable Care Act became law, after more than 50 votes to repeal and one tense, go-for-broke replacement attempt under President Donald Trump, Republicans backed off their health care plan. We'll leave the political post-mortems to others, and instead just focus on the economy and tax reform, which the GOP says is next on their agenda. Plus, we have a double-dose of Disney stories (one in the boardroom, another at the theater) and the thrilling conclusion of our NAFTA series.
So, no vote on the big GOP health care bill today. There might be one tomorrow, depending on whether you listen to the White House or to Republican leaders in Congress. The latest carrot they're using to win votes is scrapping an Obamacare provision that standardized insurance policies. We'll talk about "health care a la carte." Plus, a NAFTA thought experiment and the latest in our My Economy series.
We've been talking a lot about NAFTA this week, but let's get down to brass tacks: What did the North American Free Trade Agreement do? President Donald Trump (not to mention Sen. Bernie Sanders) made NAFTA as a favorite target during the presidential campaign. They'll both tell you it was a “disaster” for the U.S. economy, that it cost the United States hundreds of thousands of jobs. The reality is not nearly as dramatic or tidy a story. Then, we'll look at how negotiating NAFTA could affect your happy hour. Plus, the latest on Sears' financial woes and more from our series in Erie, Pennsylvania.
It's NAFTA week here, so today we're heading to the Midwest. The trade deal opened up the Mexican market to American farmers, who enjoyed billions in exports. But Mexican farmers couldn't compete, and many of them immigrated to the U.S. illegally after going out of business. Then: We'll talk with the American and Canadian architects of NAFTA about how they negotiated the agreement in the first place. Plus, we'll unpack the latest travel restriction's impact on business travelers and look ahead to the House's big health care vote.
We're kicking off a new series today, explaining the North American Free Trade Agreement and what could happen if President Donald Trump renegotiates it. To start off, we have to talk about your pants. Where they were made and what you paid for them are essential to understanding how NAFTA works. Then, we'll talk with Jaime Serra, one of the agreement's architects in Mexico. Plus, the latest on Brexit negotiations and Uber's scandal-filled year.
German Chancellor Angela Merkel spent a few hours at the White House today for her first face-to-face meeting with President Donald Trump. Things were a little frosty, and Trump made his thoughts on the trading realationship between the U.S. and Germany. Merkel surly knew this was coming, as she arrived in Washington with several execs including the CEO of BMW. We'll look at the negotiation ahead. Then: How much of the U.S. budget is tied up in foreign aid, do you reckon? Most folks' guesses are way, way higher than the reality. Plus, as always, we'll wrap up a busy week in economic news.