On today’s show, Kai makes a special annoucement! But first, Moody’s knocked the United States’ government’s credit rating down a peg below Triple-A. We’ll break down what that actually means and why it matters. Plus, we’ll explain why, even with a majority, the House GOP hasn’t been able to pass its budget bill. And, we’ll play a round of Half Full/Half Empty and nerd out on “Star Wars” spin-off shows.

Here’s everything we talked about today:

• "House budget panel rejects GOP megabill amid conservative opposition" from Politico
• "Army to place large metal plates on DC streets to protect them from tanks during June parade" from WTOP News
• "U.S. Loses Last Triple-A Credit Rating" from The Wall Street Journal
• "Airbnb Is in Midlife Crisis Mode" from Wired
• "Why banks still have branches — and why some are motivated to add more" from Marketplace
• "Gen Z's 'conscious unbossing' should be a wake-up call for businesses" from Business Insider
• ​​"Is the Next Great American Novel Being Published on Substack?" from The New Yorker
• "Warner’s Streaming Service Has New Name: Its Old One. Meet ‘HBO Max.’" from The Wall Street Journal

Got a message for the hosts? Email makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

In today’s show, Kimber-Kai are answering your questions about all the wild things going on in the U.S. economy. Isn’t the 30% tariff rate on China still crazy high? And, how are local governments preparing for potential federal funding cuts? We’ll discuss how states are weighing their next moves, and how the “Trump Slump” has taken shape in California. Then, we’ll get into the Federal Reserve’s wait-and-see tariff strategy.

Here’s everything we talked about today:

• “State of U.S. Tariffs: May 12, 2025” from The Budget Lab at Yale
• “States, Cities Face Funding Collapse Threat With Trump Cuts” by Bloomberg
• “Higher prices or higher unemployment? The economy could face a no-win dilemma” by NBC News

Join us tomorrow for “Economics on Tap.” The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern.

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On today’s show, Kimberly continues to make us smart about the GOP’s massive tax bill. This time, we’re digging into a small (but important) detail buried in the bill that could have enormous consequences for the regulation of artificial intelligence: a clause that would block states from enforcing AI laws for ten years. We’ll break down what’s at stake. And, the U.S. dollar is getting weaker. We’ll explain what it could mean for the economy.

Here’s everything we talked about today:

• "House panel advances tax portion of Trump agenda bill after marathon meeting" from The Hill
• "State AI laws would be banned under clause buried in House budget bill" from Stat News
• "G.O.P. Targets a Medicaid Loophole Used by 49 States to Grab Federal Money" from The New York Times
• "US Is Not Negotiating for Weaker Dollar as Part of Tariff Talks" from Bloomberg

• "Republicans push for a decadelong ban on states regulating AI" from The Verge

  
  

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