ACA Vote, Fed Cuts Interest Rates, US-Venezuela
This episode appears to contain dynamically inserted ads. Transcript timestamps may be approximate.
With Obamacare health insurance subsidies set to expire this month, millions of Americans are bracing for massive increases in healthcare costs. Also, the Federal Reserve’s decision to cut interest rates may help the job market but hurt efforts to wrangle inflation. Will the central bank continue slashing rates into 20-26? Plus, the Trump administration says it’s seized an oil tanker off the coast of Venezuela.
Want more analysis of the most important news of the day, plus a little fun? Subscribe to the Up First newsletter.
Today’s episode of Up First was edited by Diane Webber, Rafael Nam, Andrew Sussman and Alice Woelfle.
It was produced by Ziad Buchh, Nia Dumas and Christopher Thomas.
We get engineering support from Stacey Abbott. Our technical director is Carleigh Strange.
Our Deputy Executive Producer is Kelley Dickens.
See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.
NPR Privacy Policy
Want more analysis of the most important news of the day, plus a little fun? Subscribe to the Up First newsletter.
Today’s episode of Up First was edited by Diane Webber, Rafael Nam, Andrew Sussman and Alice Woelfle.
It was produced by Ziad Buchh, Nia Dumas and Christopher Thomas.
We get engineering support from Stacey Abbott. Our technical director is Carleigh Strange.
Our Deputy Executive Producer is Kelley Dickens.
See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.
NPR Privacy Policy
Some House Republicans want to extend Obamacare health insurance subsidies that are set to expire this month. They say they want to save their party from itself as millions of voters face price increases. I'm Stephen Skiep with Michelle Martin, and this is up first from NPR News. The Federal Reserve's decision to cut interest rates may help the job market, but hurt efforts to wrangle inflation will the central bank continue slashing rates into 2026. We think we're well positioned to wait and see how the economy performs. Also, the Trump administration says it's seized an oil tanker off the coast of Venezuela. This happens as the admiral overs, seeing the Venezuelan boat strikes prepares to step down. Stay with us for the news you need to start your day. Stay tuned for the following announcements and messages from our sponsors. This message comes from Prolon. Want to look and feel your best this fall? Prolon's five-day fasting mimicking diet is a clinically developed nutrition program with the goal of promoting fat loss while protecting lean body mass. Developed at USC's Longevity Institute, it aims to assist the body in entering a fasting-like state that helps reset metabolism, target visceral fat, and support healthy metabolic markers. Get 15% off plus a bonus gift when you subscribe at prolonlife.com/NPR. This message comes from Schwab. At Schwab, you can get everything from self-directed investing to full-service wealth management all in one place. No matter your investing goal, life stage, amount to invest, or know-how, you can invest your way with Schwab. This message comes from BetterHelp. Your brain has limited storage, so why is it still holding on to that embarrassing moment from years ago? BetterHelp is an online therapy platform that gives you space to talk about what's taking up too much of yours. BetterHelp is now in-network with more than 125 health plans, with many co-pays as low as $15 for eligible members. And if you don't have eligible insurance, you can still get 20% off your first month. Visit BetterHelp.com/NPR. Most in coverage may vary, discount cannot be combined with insurance. Some House Republicans want to force a vote that would extend Obamacare health insurance subsidies that are set to expire in less than three weeks. They're warning their own party's leaders that Republicans risk losing their majority in next year's election if they let subsidies expire without a replacement. So far, House leaders have not scheduled a vote. The Senate has Senators today considered two health policy plans aimed at reducing health care costs for those who buy their insurance on healthcare.gov. And Paris, Selena Simons-Duffin is here to explain. Good morning, Selena. Good morning, Michelle. So start us off with some quick background about the issue here, if you would. Yeah, so these are health insurance plans that individuals can go and buy if they don't get health benefits at work. So we're talking about small business owners and workers, farmers, ranchers, entrepreneurs, 24 million people were enrolled in these Obamacare plans this year, and almost all of them got these generous federal subsidies that came in during the pandemic to help keep their premium
Transcription truncated.