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David Brancaccio
Markets welcome moves toward possibly ending the government shutdown as soon as this week David I'm David Brancaccio in Los Angeles. There's movement in Washington toward ending the government shutdown toward but it's a process that could still derail. Marketplace's Nancy Marshall Genzer is here with what we know on this early Monday. Nancy.
Nancy Marshall Genzer
Hey, David. Well, the agreement the Senate held a procedural vote yesterday. Seven Democrats and one independent senator voted yes with the Republicans and that finally broke the logjam and will allow final votes on a bill to reopen the government.
David Brancaccio
And this is not the same bill that the House had approved. In what ways does it differ?
Nancy Marshall Genzer
Yeah, well, the Senate is going to be voting on three appropriations bills that were not in the House version. They would fund the legislative branch, the agriculture department and FDA and the Veterans affairs department through September 30th. The rest of the government would be funded through January 30th. And this is different from what the House passed, which means provided the Senate passes this, the House will have to come back to Washington. It will also have to approve this and send it to President Trump for his signature.
David Brancaccio
All right, so a lot to do. But what's left out of this bill? I mean, Democrats are missing a key point here, it looks like.
Nancy Marshall Genzer
Yeah, I mean, there is an informal agreement for a vote in the Senate on a bill extending subsidies for Affordable Care act health insurance plans, which is what Democrats want. But there is no guarantee of a vote on that in the House.
David Brancaccio
All right, briefly, who's behind these negotiations?
Nancy Marshall Genzer
Well, one of the Democrats agreeing to the deal was Tim Kaine of Virginia. He has a lot of federal workers in his district. The Senate deal requires federal workers who were laid off get their jobs back. It also includes back pay for all federal workers, whether they work during the shutdown or not.
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David Brancaccio
This Marketplace podcast is supported by Wealth Enhancement, who ask, do you have a blueprint for your money? Wealth Enhancement can help you build the right blueprint for investing, retirement, tax and more. With offices nationwide, there's an advisor who's ready to listen and craft a blueprint for your future. Find out more@wealthenhancement.com build the cost of child care is rising faster than inflation. Government assistance for child care is usually reserved for the poorest families. But this month the state of New Mexico expanded its daycare subsidy for all families, regardless of income. Now the money comes from New Mexico's oil and gas revenue. Marketplace's Savannah Peters has been following this project for us today, a family near Albuquerque.
Savannah Peters
New parenthood comes with new expenses. Car seats, diapers, formula. Then there are the extras that feel sort of mandatory.
Alex Parsons
Yeah, you're supposed to take your kid to the pumpkin patch. It's supposed to be really cute.
Savannah Peters
Check. And check. Alex Parsons is here on a windy Sunday with her husband, A.J. adelaide, and their nine month old, June. Those two are sharing a turkey leg while Alex and I chat. She is loving that turkey.
Alex Parsons
Oh yeah.
Nancy Marshall Genzer
Oh yeah.
Alex Parsons
This is what I'm saying.
Savannah Peters
The Parsons Adelaide family live in Sandia Park, New Mexico. Between tickets, food and a ride on the train. This trip to the pumpkin patch cost them about $80. These days it feels like they can't leave the house without spending that much.
Alex Parsons
It's like death by a thousand cuts. Even things like the formula that she eats that we had to get to get her to eat. Formula is like 40 bucks a can.
Savannah Peters
But one of the biggest line items in the family budget is daycare. Alex and AJ take Baby June to a center that costs $16,000 a year.
Alex Parsons
We just try not to think about it and just make space in our budget because we really don't have a choice.
Savannah Peters
37 year old Alex is a middle school math teacher. 42 year old AJ is a government engineer. Together they make around $180,000 a year. But their paychecks get eaten up fast by their mortgage, home maintenance on their fixer, upper student debt payments, and now child care.
Nancy Marshall Genzer
So I think it's important to know that the cost of childcare is not only a low income family problem.
Savannah Peters
Elise Gould is with the Economic Policy Institute and her research finds that in most of the country, including New Mexico, daycare is more expensive than public university tuition or the average cost of housing.
Nancy Marshall Genzer
Even those that are able to pay, they may forego other kinds of investments in terms of being able to save for college, being able to save for retirement or for a rainy day or job loss.
Savannah Peters
Alex Parsons says all of those trade offs are happening in her house. But starting this month, the state of New Mexico is footing the entire bill for June's daycare.
Alex Parsons
It's a huge relief to our family.
Savannah Peters
Short term, especially since AJ Is a federal worker and isn't getting a paycheck right now. Medium term, Alex hopes they'll save enough to replace their home's threadbare carpet and chipping linoleum floors before baby June starts crawling. Long term, Alex says 2026 could be the year she and AJ get serious about retirement savings.
Alex Parsons
What's had to take the biggest hit to make space for the daycare cost has been planning for our long term future. What is our life going to be like when she's grown up and gone?
Savannah Peters
Right now, Alex and AJ Say it doesn't feel safe to bank on any government help, but they're cautiously hopeful this change will give them some financial breathing room. In New Mexico, I'm Savannah Peters for Marketplace.
David Brancaccio
And in Los Angeles, I'm David Brancaccio with the Marketplace Morning report from APM American Public Media.
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Have you ever had the pleasure of holding a $2bill in your hands? It's real money, but strangely rarely used by some people. At this week on Million Bazillion, we'll learn the history of this mysterious piece of currency.
Podcast Host
Wait a minute. One of these two dollar bills is different.
Nancy Marshall Genzer
How cool.
Podcast Host
Most of them have a picture of.
David Brancaccio
Thomas Jefferson on them, but this one has a picture of Alexander Hamilton.
Podcast Host
You rang?
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Don't miss this week's episode of Million Bazillion. Listen. On your favorite podcast, apparently.
Date: November 10, 2025
Host: David Brancaccio
Guests/Reporters: Nancy Marshall Genzer, Savannah Peters
Duration: Key segments from 01:23 to 08:22
This episode centers on major national economic developments, including the possible resolution of the U.S. federal government shutdown and the rising cost of child care across America, illustrated by New Mexico’s groundbreaking new universal daycare subsidy. The Marketplace team provides context, analysis, and firsthand perspectives from experts and affected families.
Main Points:
Notable Quotes & Moments:
Summary of Segment:
At [01:23–03:27], Brancaccio and Genzer dissect the latest legislative moves, the specifics of the new Senate package, lingering Democratic demands, and the ongoing impact on federal workers.
Main Points:
Notable Quotes & Moments:
Memorable Moment:
The episode uniquely blends policy with personal narrative as Savannah Peters takes listeners into the day-to-day life and practical struggles of a typical family now benefiting from New Mexico’s new legislation.
Summary of Segment:
From [05:09–08:22], the Marketplace team details both the numbers and the emotional toll behind child care costs, amplifying how New Mexico’s all-income subsidy is providing crucial relief, especially amid pay uncertainty caused by the federal shutdown.
The episode stays direct, factual, and empathetic, especially in the family-centered reporting. Marketplace’s trademark calm authority and clear explanation make economically complex events accessible and personally meaningful.
This brief yet information-packed edition of Marketplace Morning Report explores the interplay between national policy (government shutdown negotiations) and personal economics (the pressure of child care costs). The episode underscores how legislative dynamics reverberate into daily life—whether through back pay for furloughed workers or relief from child care bills.