Oil markets went into a state of panic after the United States launched strikes on Iranian nuclear facilities over the weekend, stoking fears that Iran could retaliate by closing the Strait of Hormuz. But Iran’s control over the key oil trade route may not be the economic weapon many think it is. We’ll explain. And, several provisions in the Republicans’ reconciliation bill haven’t made it through the so-called “Byrd Bath” and risk being axed from the legislation. Plus, did you know killer whales aren’t really whales?

Here’s everything we talked about today:

• "Capitol agenda: How Johnson may block an Iran rebuke" from Politico 
• "11 days until July 4: Byrd Bath and policy fights on deck" from Punchbowl News
• "Senate parliamentarian rejects GOP attempt to authorize states to conduct immigration enforcement" from The Hill
• "G.O.P. Can’t Include Limits on Trump Lawsuits in Megabill, Senate Parliamentarian Rules" from The New York Times  
• "Iran Has an Oil Card to Play. So Does the U.S." from The Wall Street Journal  
• "The largest digital camera ever built has released its first shots of the universe" from AP News  
• "Vera C Rubin Observatory first images" from BBC Sky at Night Magazine  
• "Killer whales seen grooming each other with kelp in first for marine tool use" from The Guardian 

Got a question for the hosts? Email [email protected] or leave us a voicemail at 508-U-B-SMART.

This week, we’ve looked at the budget reconciliation bill and its effects on student debt, taxes, health care and social programs. The bill is currently moving through the Senate. Today, we discuss the reconciliation bill and the national deficit. And we dig into other proposals such as AI regulation ban and private foundation taxes. Plus, we play a special budget round of Half Full/Half Empty.

Here’s everything we talked about today:

• “AI moratorium sparks GOP battle over states’ rights” from The Hill
• “Introduction to Budget “Reconciliation” from The Center on Budget and Policy Priorities
• “One, Big, Beautiful Bill: Impact on Philanthropy” from Council on Foundations
• “Senate Judiciary Unveils Its Own Plan To Curtail Court Orders” from CATO Institute
• “Parliamentarian rulings would kill key climate provisions in GOP megabill” from Politico

Got a question for the hosts? Email [email protected] or leave us a voicemail at 508-U-B-SMART.

Every day this week, we’ll take a look at the ripple effects of the budget reconciliation bill moving through Congress that would enact President Donald Trump’s agenda. Today, we focus on the bill’s impact on health care and social programs. We explain how the Senate’s version of the reconciliation bill cuts Medicaid more aggressively than the House of Representatives’ previous version. Then, we hear from a listener about how the bill’s Medicaid cuts could affect the hospitals they work with, particularly in underserved rural areas. Plus, we answer a listener question about how states would absorb the costs of the bill’s federal funding cuts.

Here’s everything we talked about today:

• “Senate Bill Would Make Deep Cuts to Medicaid, Setting Up Fight With House” from The New York Times
• “Hundreds of rural hospitals at risk if Medicaid cuts pass, Democrats say” from Healthcare Dive
• “2025 Budget Impacts: House Bill Would Cut Assistance and Raise Costs for Seniors” from The Center on Budget and Policy Priorities
• “GOP bill would have states picking up more of the tab for programs like Medicaid and SNAP” from Marketplace
• “How Would Potential Federal Budget Cuts Impact State Budgets?” from Urban-Brookings Tax Policy Center
• “What are the Implications of the 2025 Budget Reconciliation Bill for Hospitals?” from KFF

Got a question for the hosts? Email [email protected] or leave us a voicemail at 508-U-B-SMART.

Today, we take a deep dive into the provisions affecting small businesses and taxes in the “One Big Beautiful Bill,” which aims to enact President Donald Trump’s agenda. The bill passed the U.S. House of Representatives in May, and the U.S. Senate released its proposed version of the bill on Monday. The Senate’s draft upheld many policies from the House of Representative’s version, including cuts to the Supplemental Nutrition Assistance Program. We explain how the ripple effects of those cuts could affect small businesses such as grocery stores and farmers. Also, we dig into the implications of the Senate’s proposal to make permanent several business tax breaks.

Here’s everything we talked about today:

• “Here’s what’s in the Senate GOP’s version of Trump’s ‘big, beautiful bill’" from The Hill
• “Senate Republicans seek tougher Medicaid cuts and lower SALT deduction in Trump’s big bill” from The Associated Press
• “Tax Cuts and Jobs Act: A comparison for businesses” from the Internal Revenue Service
• “The Farm Safety Net: A Closer Look at ARC and PLC” from the National Sustainable Agriculture Coalition

Got a question for the hosts? Email [email protected] or leave us a voicemail at 508-U-B-SMART.

Every day this week, we’re going to take a closer look at the “One Big Beautiful Bill,” which aims to enact President Donald Trump’s agenda. It proposes a tax cut and increased spending for border security and the military. It also includes cuts to health, nutrition, education and clean energy programs. Today, we explain the rules around what provisions can go into reconciliation bills, and where the bill currently stands in the legislation process now. Plus, we answer questions from listeners on how the bill could affect their student loans and access to higher education.

Here’s everything we talked about today:

• “Senate sidesteps parliamentarian, widens reach of CRA” from Roll Call
• “Republicans face critical week on Trump megabill” from The Hill
• “The Senate is assessing the "Big Beautiful Bill" line by line to eliminate non-budgetary measures” from Marketplace
• “Senate Republican education plan may trigger ‘avalanche of student loan defaults,’ expert says” from CNBC

Got a question for the hosts? Email [email protected] or leave us a voicemail at 508-U-B-SMART.

The economic position of the baby boomer generation has long been the envy of younger ones in the United States. But the tides may be turning as the Trump administration seeks deep cuts to social benefits that older Americans rely on. We’ll get into it. And, Kimberly joins the show from the National Press Club in Washington D.C., to make us smarter about how the GOP’s reconciliation bill could impact the richest and poorest Americans. Plus, we’ll play a round of Half Full/Half Empty!

Here’s everything we talked about today:

• "GOP tax bill would cost poor Americans, boost highest earners, CBO says" from AP News 
• "Megabill would cost poorest households $1,600 a year, boost richest by $12K, CBO predicts" from Politico 
• "Baby Boomers’ Luck Is Running Out" from The Atlantic
• "Why is everyone so crazy for Labubu toys?" from Marketplace
• "Booming sales of the latest Nintendo Switch bode well for the gaming industry" from Marketplace
• "You’ve Heard of Fine Wine. Now Meet Fine Water" from The New York Times

• "A federal judge ruled AI chatbots don't have free speech protections — for now" from Marketplace 

  
  

  Got a question for the hosts? Email [email protected] or leave us a voicemail at 508-U-B-SMART.

More than 100 years after the Tulsa Race Massacre, the Oklahoma city’s mayor recently announced a $105 million reparations package to address the Massacre’s lasting impact. Marketplace’s Mitchell Hartman joins us on the show today to explain how we got here, and more from his reporting on economic injustice in Tulsa’s Greenwood neighborhood. Plus, we’ll get into what the new reparations package could mean for Black Tulsans and the push for reparations in other cities.

Here’s everything we talked about today:

• "The Tulsa Race Massacre destroyed Black lives and wealth. What's owed to survivors' descendants?" from Marketplace
• "Black Tulsans still feel effects of Greenwood neighborhood's "second destruction'" from Marketplace 
• "$105 Million Reparations Package for Tulsa Race Massacre Unveiled by Mayor" from The New York Times
• "$105 million trust to be built for 1921 Tulsa Race Massacre reparations, city says" from Public Radio Tulsa

We want to hear from you. Email [email protected] or leave us a voicemail at 508-U-B-SMART.

President Trump announced a new trade deal with China after days of negotiations. Here’s the thing: Trump’s tariffs on China will stay the same. So what did the two countries actually agree to? We’ll get into it. And, after Health Secretary Robert F. Kennedy Jr. fired a panel of experts that advises the Centers for Disease Control and Prevention on vaccines, doctors and insurance companies are wondering who they should look to for guidance. Plus, a life-sized stuffed moose on Capitol Hill makes us smile.

Here’s everything we talked about today:

• "Trump Hails Progress With China, but Details Are Sketchy"  from The New York Times
• "RFK Jr. just fired the government’s vaccine experts. What do you do now?" from Vox
• "Former CDC director reacts to RFK Jr.’s firing of entire vaccine advisory panel" from PBS News
• "If you move a moose through the Senate" from Roll Call

• "An 84-Year-Old Woman on a Pony Inspires Awe—and Concern—in the U.K." from The Wall Street Journal

  
  

  We want to hear from you. Email [email protected] or leave us a voicemail at 508-U-B-SMART.

For decades, going to college has been seen as a reliable path to good jobs and economic success in the United States. But a recent Indeed survey reported that over half of Gen Z respondents beg to differ. As tuition prices continue to rise and the Trump administration takes aim at higher education institutions, is the way we view college changing? On the show today, Bryan Alexander, a higher education writer and senior scholar at Georgetown University, explains why college is still a worthy investment for most students, why more people are considering certificate programs and technical schools, and how President Trump’s attacks on elite universities are a risk to higher education as a whole.

Then, Kimberly breaks down the difference between the reconciliation bill and government spending bills in Congress. And, Casey Johnston, author of “A Physical Education,” answers the Make Me Smart question.

Here’s everything we talked about today:

• "Report: 51% of Gen Z Views Their College Degree as a Waste of Money" from Indeed  
• "Against college for all: the AFT president" from Bryan Alexander 
• "Americans Are Losing Faith in the Value of College. Whose Fault Is That?" from The New York Times
• "Good Jobs Project" from Georgetown University
• "House considers Trump cuts as Senate Republicans work on reconciliation bill" from Roll Call
• "Deal or no deal? Inside reconciliation and gov’t funding" from Punchbowl News
• "A muted backlash to Trump’s new travel ban" from Politico 
• "Have Americans grown numb? Trump’s new travel ban met with muted reaction" from MSNBC

• "Finding Strength in a Bigger Body" from The Cut 

  
  

  
  Got a question about the GOP’s reconciliation bill? Email [email protected] or leave us a voicemail at 508-U-B-SMART.

President Donald Trump deployed California National Guard troops to Los Angeles on Sunday, following demonstrations over the weekend protesting the Trump administration’s immigration crackdown. The decision was made without California Governor Gavin Newsom’s approval, and the state is now suing the “illegal and immoral” move. We get into all the potential ramifications of the uptick in immigration raids. Then, we discuss how people in other countries have coped with anti-democratic forces in their own communities. Finally, we smile at the original cast of “Hamilton” reuniting for the musical’s 10-year anniversary.

Here’s everything we talked about today:

• “The Beautiful Danger of Normal Life During an Autocratic Rise” from The New York Times
• “The 78th Annual Tony Awards® | Hamilton 10 Year Anniversary Performance” from CBS
• “The original cast of ‘Hamilton’ reunites on the Tonys stage with rousing performance” from CNN
• “When to see June’s full strawberry moon on Tuesday night” from The Washington Post

Got a question or comment for the hosts? Email [email protected] or leave us a voicemail at 508-U-B-SMART.