Category: 4-FrequentNewsStreams

Up and down the supply chain, companies are facing a dilemma: Should they absorb tariff surcharges and keep prices down, or pass on the cost to customers, and risk losing business? Most are taking a mixed approach. In this episode, how firms are negotiating — and communicating — higher costs. Plus: Economists discuss what they’ll be looking for in tomorrow’s CPI, housing discrimination persists in the fine print of home deeds, and economists attempt to model the U.S. economy’s debt forecast.

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After the devastating heat wave that hit Chicago in 1995, the city has introduced numerous different plans and programs to fight the heat. But is it enough? Is Chicago fully prepared to prevent another tragedy? Reset finds out with Kaila Lariviere, manager of Emergency Management Services for the city of Chicago; Sheetal Rao, assistant professor of clinical medicine at the University of Illinois Chicago; and Daniel Horton, assistant professor of Earth and Planetary Sciences at Northwestern University. For a full archive of Reset interviews, head over to wbez.org/reset.

The Senate is expected to vote on President Donald Trump’s rescissions package this week, which proposes rescinding $9.4 billion in previously approved spending to several programs, including public media and foreign aid spending. We discuss how this could undermine the bipartisan process. Then, we take a look at Bitcoin trading at new record highs, as U.S. lawmakers prepare to pass new regulations on cryptocurrency. We explain the bills being proposed in what’s been dubbed “Crypto Week.” Plus, we hear listeners’ wins about a resurgence of monarch butterflies and a lifelong dream of clubbing in Berlin.

Here’s everything we talked about today:

• “GOP leader faces showdown with Republicans on Trump-backed funding cuts” from The Hill
• “Schumer warns package to claw back funding would ‘poison’ annual spending talks” from The Hill
• “A Senate vote this week will test the popularity of DOGE spending cuts” from The Associated Press
• “Bitcoin Soars Past $120,000 as House Takes Up Crypto Bills” from The New York Times
• “‘Crypto Week’ on Capitol Hill” from Marketplace
• “Trump Rescission Proposal Builds on Illegal Impoundments, Would Undermine Future Funding Deals” from Center on Budget and Policy Priorities

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Heat is the most hazardous weather event in the world. The UN estimates that mortality for people over 65 years old increased by 85% between 2017 and 2021. As climate change brings more extreme temperatures, we examine the short- and long-term effects of heat exposure. Plus, what we need to do to address health inequities and disparities to prevent a repeat of the 1995 heat wave that killed 739 Chicagoans. Reset learns more from Karen Weigert, director of Loyola University Chicago’s Baumhart Center for Social Enterprise and Responsibility and Dr. Kiran Joshi, Chief Operating Officer for Cook County Department of Public Health.

Bitcoin hit a record $122,000 this morning as the House of Representatives ramps up for what's being called "Crypto Week," where lawmakers will be taking up three bills that could lay the foundation for how digital assets are regulated. We'll hear more about what to expect. And later, we'll unpack market reactions to daily swings in tariff policy and learn how China's rare earth metal dominance comes at a significant environmental cost.

This week, we get a few snapshots of what inflation is doing. Everyone wants to know when tariffs will start showing up in the overall data, because they mostly haven't yet, partly due to the Federal Reserve's tight monetary policy. But that doesn't mean tariffs aren't affecting the economy. We'll discuss. Also: how Europe is trying to keep U.S. trade tensions from boiling over, and where copper imports are being diverted ahead of looming tariffs.

From the BBC World Service: The European Union is looking further afield for trade agreements after weeks of testy talks with the U.S. We'll hear how European leaders are feeling and discuss the likelihood of any trade deals. Plus, China holds a powerful card in the global economy: control over rare earth minerals, used in everything from smartphones to wind turbines and electric cars. We travel to the country’s two biggest rare earth mining regions.

Marketplace’s Meghan McCarty Carino speaks with Rebecca Lester, a professor of accounting at Stanford, about a tax provision within the One Big Beautiful Bill Act that could further tech R&D and innovation.

In our news wrap Sunday, Israeli strikes killed at least 32 people including six children at a water collection point, two wildfires near the Grand Canyon are growing rapidly, the EU said it’s holding off on retaliatory tariffs on U.S. goods in hopes of reaching a trade deal, and Italy’s Jannik Sinner beat defending champion Carlos Alcaraz to win the men’s title at Wimbledon. PBS News is supported by - https://www.pbs.org/newshour/about/funders

A New York Times investigation found that Moscow has used Brazil as a launchpad for its global espionage operation. Brazilian federal police uncovered the deception after a yearslong hunt, dealing a massive blow to Putin’s spy program. Ali Rogin speaks with New York Times reporters Michael Schwirtz and Jane Bradley to learn more. PBS News is supported by - https://www.pbs.org/newshour/about/funders