As the GOP tax and spending bill moves through Congress, questions about the U.S. debt have not gone away. Over the weekend, Treasury Secretary Scott Bessent said the U.S. would never default on its debt. But the U.S. doesn't have to actually default in order to lose the confidence of investors, who would in turn charge the U.S. more to borrow. Plus: Why Gen X is finding it harder to save for retirement.
Marketplace All-in-One - U.S.-China trade truce is on shaky ground
Tensions are once again escalating between the world's two largest economies. Last week, President Trump accused China of violating the terms of the trade truce, with the U.S. Trade Representative accusing China of restricting the flow of critical minerals. And on Monday, China accused the U.S. of violating the agreement with new restrictions on the export of U.S. computer chips. Also on today's show: why non-alcoholic beer is on the rise and what to know about the proposed "Trump Accounts" for newborns.
Reset with Sasha-Ann Simons - Childcare Is Too Expensive In Illinois
Marketplace All-in-One - Britain boosts its defense spending
From the BBC World Service: Britain will boost its nuclear-powered attack submarine fleet to move to a state of "warfighting readiness,” as Prime Minister Keir Starmer declined to set a precise date for when UK defense spending would hit 3% of GDP.
Marketplace All-in-One - Police use new AI tool that can identify someone without facial features
Facial recognition systems use artificial intelligence to analyze patterns in faces, and they've come under increasing scrutiny, particularly in policing. There have been multiple instances of false positives leading to the arrest and detainment of innocent people. There's no federal regulation of this technology, but at least a dozen states have laws that limit its use. So, some law enforcement authorities have turned to a new system called Track, made by a company called Veritone. It doesn't analyze faces, but looks to the rest of the body for clues — things like clothing, body type or hair — according to recent reporting by James O'Donnell for MIT Technology Review.
PBS News Hour - World - News Wrap: Palestinians killed in Gaza while getting food aid
PBS News Hour - World - Raging Canadian wildfires trigger air quality warnings across upper Midwest
Reset with Sasha-Ann Simons - It’s Summer Concert Season In Chicago
Marketplace All-in-One - Where’s the job market headed?
The economic reports out this week gave a fuzzy view of the economy, but next week will be all about jobs: job openings, labor productivity, and the latest jobs report. So far this year, employment has been pretty even-keeled — despite tariff uncertainty. Will May data be any different? Also in this episode: A field guide to the ultra-wealthy and a Minnesota family of seven (soon to be eight) grapples with higher costs.
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