Marketplace Morning Report

To address pain at the pump, President Donald Trump and some Congressional Republicans are floating the idea of temporarily pausing the federal gas tax. The thing is, that gas tax helps pay for the construction and maintenance of roads, bridges, and more. Today, we delve into how the tax shows up in our everyday lives. Then, we head to Boston to hear how a small college there is serving low-income, first-generation students.

Household debt ticked up slightly in the first three months of this year, increasing by $18 billion, according to the New York Fed. Credit card debt is actually down slightly, but mortgage balances, home equity lines of credit, and car loan balances all grew. We unpack. Plus, later in this morning's show, how might economic tensions appear at the summit between President Donald Trump and Chinese President Xi Jinping?

Prices in the U.S. were up 3.8% year over year in April. That's a faster rate of annual inflation than we saw in March. A main driver was higher energy prices, a result of the war with Iran. Those price increases are taking a bite out of consumer wages, but the pain may be temporary. Plus, small businesses are hanging in there. And, we'll preview President Donald Trump's meeting with Chinese President Xi Jinping.

In late February, mortgage rates dipped below 6%, and affordability was beginning to improve. In April, people bought and sold more homes than they did the year before, but not by much. The reason? A whole new source of uncertainty brought on by war in the Middle East. Later in the show: While specialty farmers aren't caught in trade war crosshairs the way commodity farmers are, they still have plenty to worry about domestically.

Younger workers typically feel more optimistic about the job market than older ones, but a new Gallup poll found that only 43% of Americans aged 15 to 34 thought that last year was a good time to find a job. That’s compared to 64% of those above the age of 55. The optimism of young workers has dropped by 27 points since 2023, potentially signaling the influence of AI. Plus: a breakdown of the costs, both human and financial, of Nebraska’s Medicaid eligibility rollout and a look into the impact of rising gas prices on inflation.