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.
Obamacare is the law of the land, so now the GOP is moving onto the federal budget. Easy enough, right? Um, no. Then: President Donald Trump's latest executive order rolls back several climate regulations. But can deregulation alone save coal? (No, it can't.) Plus, the latest on Brexit and robots that may be able to predict your death. Happy Tuesday.
What now? That's the question after House Republicans last week failed to pass a repeal-and-replacement bill for the Affordable Care Act. We take a look at what might happen to state and federal insurance exchanges in 2018. We also re-visit the question "Can the government really act like a business?" President Trump seems to think so. Jared Kushner, his son-in-law, will head a new department with an old concept: use data-driven business practices and apply them to government. Lastly, Education Secretary Betsy DeVos is a major proponent of school choice, but that program could put some rural districts at risk of losing funds.
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.