Marketplace Morning Report

This week marks one year since Congress passed the Republican tax and spending bill, also known as the “One Big Beautiful Bill Act.” Today, we'll delve into how individuals, small businesses, and corporations have taken advantage of tax cuts and what it all means for the revenue the federal government is bringing in. Also, we'll unpack the drop in unemployment. And, a July 1 deadline to renew the U.S.-Mexico-Canada trade agreement has passed. What comes next?

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Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

Stories featured in this episode:

What happens after a missed North American trade deal deadline
Trump's tax and spending law, one year on

It's been nearly a year since President Donald Trump's big tax bill. The law makes it harder to qualify for programs like SNAP and includes new work requirements. Some states are already seeing sharp drops in SNAP enrollment as they implement the changes in the law. By some measures, participation in the program is down by nearly 10%. Then, we'll continue to examine the history of the U.S. economy.

Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.

Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

Stories featured in this episode:

A year since Trump's big tax bill, SNAP enrollment has fallen dramatically

Americans spend, on average, just over 8 minutes a day on financial management — things like budgeting or paying bills — according to a recent paper in the Journal of Behavioral and Experimental Finance. But those few minutes are among the most stressful and least enjoyable parts of the day. So how can we stop that painful procrastination? Reema Khrais, host of Marketplace's "This Is Uncomfortable," joins the show to discuss. Also, we continue our look back at America's economic history and parse some private payroll data.

Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.

Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

Stories featured in this episode:

How to get yourself to do those personal finance tasks you've been avoiding

The Supreme Court finished its session yesterday with major opinions on birthright citizenship, transgender athlete rights, and campaign finance. We're going to focus on that last one. In National Republican Senatorial Committee v. Federal Election Commission, the court struck down limits on how much political parties can spend in coordination with candidates. Without those caps, the way parties raise and spend money could quickly change. Plus, we’ll look back on how some provisions from last year's big tax bill have played out.

Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.

Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

Stories in this episode:

High Court's latest campaign finance decision hands more spending power to political parties

The Chinese government reported a slight increase in its June factory activity, driven mostly by exports and demand tied to AI. Today, we'll delve into what these latest numbers tell us about how China's economy is doing and discuss how the ebbs and flows of Chinese manufacturing affect consumers here in the United States. Then, yesterday, the Supreme Court allowed Fed Governor Lisa Cook to keep her job (for now) but gave the president broader authority to fire other federal officials. What are some of the shorter- and long-term impacts?

Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.

Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

Stories featured in this episode:

The ripple effects of Monday's Supreme Court decisions