The Supreme Court is hearing two cases that deal with a foundational part of administrative law, known as the Chevron deference, which gives federal agencies broad powers to create policies and regulations. We’ll explain the fight over the Chevron deference and how the economy could be impacted if it were overturned. And, what do we lose when we don’t get to see candidates debate each other? Plus, don’t talk to me about this year’s presidential election until I’ve had my coffee.
Here’s everything we talked about today:
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Why the Fed won’t hop on the rate-cutting bandwagon just yet
What summer heat waves mean for prisons
The good, the bad and the ugly of election polling
A shadow looms over the Fed
The long game of high interest rates
The growing troubles at OpenAI
A Trump-Musk bromance
How Big Food changed the way we eat
Biden doubling down on tariffs
How the Palestinian financial system is tied up in Israel
Private equity, endless shrimp and Red Lobster’s decline
Neoliberalism’s sleight of hand
Getting deep about deepfakes
The price tag on friendship
Whaddya wanna know about key inflation measures?
The great Bumble fumble
From “Million Bazillion”: What are labor unions?
The value of “third places”
What grocery aisle gossip can tell us about the economy
The lowdown on joint fundraising committees
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