What the Reconciliation Bill Means for U.S. Households

What this episode covers

Kent Smetters, Faculty Director of the Penn Wharton Budget Model and Professor of Business Economics and Public Policy at the Wharton School, discusses the newly passed reconciliation bill—highlighting its projected $3.6 trillion increase to the national debt, minimal near-term economic growth, and long-term GDP decline, along with how the legislation may reduce resources for lower-income households.Ask ChatGPT Hosted on Acast. See acast.com/privacy for more information.

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How long is this episode of This Week in Business?

This episode is 9 minutes long.

When was this This Week in Business episode published?

This episode was published on July 11, 2025.

What is this episode about?

Kent Smetters, Faculty Director of the Penn Wharton Budget Model and Professor of Business Economics and Public Policy at the Wharton School, discusses the newly passed reconciliation bill—highlighting its projected $3.6 trillion increase to the...

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