distinguished senior fellow and longtime former columnist at "the new york times," and we're also joined by politico's senior washington correspondent, anna palmer. welcome to you both. >> how are you, smart. >> doing well. i want to start with something that has really detonated the intensity in congress which we've been covering, the congressional budget office report on the minimum wage, the gap action being a choice by a private company. here's what we know from the cbo. their estimates say that basically 16.5 million workers would get a raise under the president's proposal. that would lift 900,000 people out of poverty projected. but it would also according to the cbo potentially lead to job losses. they get the range from very slight job losses to potentially a million over several years. >> right. you know this always happens when there are discussions over the minimum wage. there are scare stories about job losses. i think that congressional budget office report was misread. it did give an incredible range. no one really know what is will happen.