Make Me Smart Another budget showdown on Capitol Hill
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Jul 14, 2025 This week, the Senate debates a controversial rescissions package that could cut billions from public media and foreign aid, raising concerns over bipartisan negotiations. Meanwhile, Bitcoin hits record highs as lawmakers push for new crypto regulations in a buzzing 'Crypto Week.' On a lighter note, listeners share inspiring personal stories about monarch butterflies and chasing dreams of dancing in Berlin, reminding us all to embrace opportunities big and small. It's a blend of politics, passion, and nature that you won't want to miss!
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Rescissions Undermine Bipartisan Budgets
- The rescissions process, designed to let presidents trim excess spending, is now being used aggressively to claw back already negotiated funds.
- This threatens bipartisan budget deals and may erode Congress's constitutional power of the purse.
Crypto Regulation Moves Forward
- Bipartisan legislation emerging in Congress seeks to regulate cryptocurrencies like stable coins more clearly.
- This new regulatory framework signals crypto's shift from fringe to mainstream financial markets.
Skepticism Surrounds Crypto Bills
- Some critics fear current crypto legislation mimics early 2000s financial acts that led to the 2008 crisis.
- There's concern this light regulation may permit new risks and abuses in digital currency markets.