debt limit crisis

There’s inflation, and then there’s hyperinflation. That’s what’s happening in Argentina, and it’s changing the way people do business and behave in the economy. We’ll talk about how Argentina is dealing with it and how it relates to the “sticky” inflation situation in the U.S. economy. Then, why reaching a compromise on the debt crisis may be harder than we thought. Plus, kids who love to read are making us smile.

Here’s everything we talked about today:

• • “How a 12-year-old playbook is shaping the battle over the debt limit” from Politico

• • “The messy money reality at the center of the debt ceiling fight” from Marketplace

• • Biden-Harris administration proposal to protect Colorado River basin from U.S. Department of Interior

• • “Three states agree to reduce water usage so the Colorado river doesn’t go dry” from NBC

• • “TikTok Sues Montana Over State’s Ban of Its Service” from The Wall Street Journal

• • “TikTok sues Montana over its new law banning the app” from NPR

• • “Argentina Introduces 2,000 Peso Banknote. It’s Worth About $4” from Bloomberg

• • “Highest-denomination bill in Argentina is now the 2,000-peso note, worth $4” from The Guardian

• • “A tweet about a Pentagon explosion was fake. It still went viral.” from The Washington Post

• • “Fake Pentagon attack hoax shows perils of Twitter’s paid verification” from TechCrunch

• • TikTok from @casualgeographic on the unproblematic nature of the capybara

• • “Kids’ reading scores have soared in Deep South states” from AP

• • “Sold a Story: How Teaching Kids to Read Went So Wrong” from APM Reports

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Tax season may be over, but we aren’t done talking about taxes. Will free tax filing ever become a reality? We’ll get into the upcoming fight over free filing along with what taxes have to do with the debt ceiling debate and an unusual political fundraising operation. Plus, the daring plan to rescue a “Great Observatory” in space makes us smile.

Here’s everything we talked about today:

• “Tax Prep Company Intuit Ramps Up Lobbying Ahead Of Free File Fight” from Huffpost
• Debt limit letter from Treasury Secretary Janet Yellen
• Tweet from @davidmwessel about Treasury cash balance projections
• “How to Raise $89 Million in Small Donations, and Make It Disappear” from The New York Times
• “IRS tests free e-filing system that could compete with tax-prep giants” from The Washington Post
• “What to Know About TurboTax Before You File Your Taxes This Year” from ProPublica
• “A private company has an audacious plan to rescue NASA’s last ‘Great Observatory'” from ArsTechnica
• Mastodon thread from @thomasconnor on the Spitzer telescope
• “Ahead of next Starship launch, SpaceX hires key NASA human spaceflight head” from TechCrunch

Is there something that you want to know about the debt limit? Call us with your questions. We’re at 508-UB-SMART or email makemesmart@marketplace.org.

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