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Why the U.S. is nearly $2 trillion in the red this year
Description
The federal budget picture for 2026 is not looking too hot. Just in July, the government borrowed $432 billion — that’s $14 billion a day. We explain what’s behind the record-breaking national debt, and what it would take to pay it back. Then, we explore how relentless heat waves in Italy are creating dire conditions for the country’s cheese banks — yes, literal banks, where wheels of Parmigiano Reggiano are held as collateral.
Stories featured in today’s episode:
- This year's budget deficit has almost reached $2 trillion. It's not over yet.
- Climate change is causing trouble for Italy’s cheese banks
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