One of the ways in which we try to meet that responsibility is to provide regular projections of the economy and the budget under current law. Yesterday, we released our summer update, the projections we released earlier this year. What we found in reviewing the evidence about the economy and the budget is that it is not much different than projections earlier in the year. The economy, we think, is on a path of recovery, but it has been of disappointingly slow recovery. We do think now it will pick up over the next few years. The labor market will strengthen where people find jobs, but even with that pick up any improvement to the budget that will bring because of underlying trends the federal budget is still on an unsustainable path because deficits have come down in the last few years, but a few years from now they will start increasing in size again, and the outstanding debt of the federal government is very high relative to the size of the economy in our history. And by the end of
Cannot be sustained. Can you tell us about you know, really strong Growth Numbers for the second quarter. Creating jobs in the past few months. But there does seem to be a disconnect and Americans Still feel like we are in a recession. What are the what is the . Isconnect we still have 50 Million People on food stamps. What is going on right now . The the economy contracted so much in 2008 and especially in the first half of 2009 that the actual output of the economy fell way below what we could produce if all the people who wanted to work for back at work, if all of the equipment was being used and so on. It has been growing for the last five euros years, but has fallen to level that is below what we had before the downturn. And that is not fast enough to put everyone back to work that wants a job. That is seen partly in the Unemployment Rate, which has come down, but still higher than in 2007 any years before that. You can also see this in the Labor Participation rate. This is just t
With rates moving higher. Elbattled new health care law, president due to give a speech defending the health care law, youll see it live in about an hour, and well have reaction from two people who had their insurance can delled due to the law. He can win them back . Starbucks Ceo Howard Schultz with be with us. Hes been a big supporter of obama care. Well get his take on the rollout problems. And then reports on their earnings in about an hour. Howard will break down those numbers for us. Lets not forget about facebook either. The social media giant will be reporting after the bell tonight. Well have those numbers. Instant analysis as only closing bell can do it. A very jampacked show today. Lets approach the markets in the final hour. Were well off the highs with a decline in the session of 67 points. Pushing the dow back from the records reached at 15,612. Onto the nasdaq, seeing selling in technology as well. Nasdaq lower at 26 points. It, too, coming off the highs which were down
Irs, loads of debt, and a struggling business empire. The question is will the president make good on the more than 400 million in debt that will soon come due . And just one day until the first president ial debate, if you can believe that. The question is how nasty will it get . Its way too early for this. Good morning and welcome to way too early, the show that is getting ready for an incredibly busy week. I am kasie hunt on this monday, september 28th. Well start as always with the news. The New York Times yesterday began publishing a series of reporting that examinen 20 years worth of the president s tax returns. Theyre here, folks, revealing financial losses in the milli millions, an audit battle over a tax refund, and payment of almost no federal income tax. The times reports in 2016 and again for 2017, President Trump paid get this 750 in federal income tax. But for ten of the previous 15 years he paid none at all because he reported losses that eliminated his tax liability. Th
John roberts live on the north lawn of the white house and john, as you reported from the beginning, the president knew he was going to pick a woman. How did he come to Amy Coney Barrett . Well, i think you could probably say, leland, this was a decision that had its beginnings, if not, was mostly done back in 2018. Judge Amy Coney Barrett of the 7th Circuit Court of appeals, was when judge kennedy retired and the president ultimately went with Brett Kavanaugh, but to have the seat if and when. And here we are todayment multiple sources have told us as you pointed out at the time that it will be barrett, but some republicans, some republicans who have been told its her say theyre not going to be 100 sure until she walks out with the president at 5 00 this afternoon. He does like to keep us guessing. When the announcement is made, the clock will start ticking toward confirmation, the election is in 38 days, using history as a guide that should be plenty of time to get barrett through. H