We're sunsetting PodQuest on 2025-07-28. Thank you for your support!
Export Podcast Subscriptions
cover of episode Education Department to go after student loan defaulters

Education Department to go after student loan defaulters

2025/5/2
logo of podcast Marketplace All-in-One

Marketplace All-in-One
AI Chapters Transcript
Chapters
This chapter discusses the April jobs report, which showed slower-than-expected hiring but still a low unemployment rate. The discussion then shifts to the implications for the Federal Reserve's interest rate decision next week, with market reactions suggesting a potential rate hike due to inflation concerns.
  • April jobs report showed 177,000 new jobs, unemployment rate at 4.2%
  • Hiring was slower than in March, but better than low expectations
  • Market interest rates rose, suggesting expectation of Fed rate hike due to inflation concerns

Shownotes Transcript

The U.S. Department of Education will begin taking action against federal student loan borrowers who are in default starting on Monday. The Treasury Department could soon start withholding money from government payments like tax refunds and Social Security payments or even garnish wages. Plus, we'll digest this morning's jobs report. And later: Ryan Coogler's "Sinners" is a masterpiece in filmmaking — and in dealmaking. We'll unpack Coogler's deal with studios.