Does he have the ability to do this, do you agree with the decision . Sen. Schumer i agree with the decision and i know that he will check things out legally. Thank you, everybody. [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] a we take you live to discussion on fiscal policy in the Incoming Biden Administration and congress, hosted by the brookings institution. Size i think is ambiguous and policy occur through a political process. I would rather see something that is a little bit smaller but that could pass this week or next week, rather than wait for something that is a little bit until, but will not pass february. If you look at the output gap, i think a trillion dollars is a reasonable figure for the next round of stimulus. I think democrats should be willing to take a couple hundred billion dollars less than that. Republicans should be willing to take a couple hundred billion dollars more
With the cares act in march and prevented the covid pandemic from doing even more harm to the economy and welfare of americans than it did. The cares act is essentially been spent, many people are about to lose benefits. Unless Congress Acts. And unless Congress Acts fiscal policy soon will be a drag on growth. They are still more than 11 Million People still unemployed by the official count. Most economists and certainly those gathered here today agree more fiscal support is necessary. Following that discussion, we turn to an issue predating the pandemic him one that persists. How to think about the federal debt and very low Interest Rates. Its growing and unsustainable rate. There is sentiment among comp economists for doing anything about that right now. When is a debate about how and how best to address that Going Forward. Had to balance the risk and cost. And too little Public Investment. We look at that issue with the paper posted on our website. By two veterans of economic polic
Of an independent task force. They talk about the Global Response to covid19, the role of the World Health Organization and Global Health disparities. From the council on Foreign Relations, this is one hour. Welcome to todays council on Foreign Relations report launch of the independent task force preparing for the next pandemic. Perforce we will be talking about the one we are currently experiencing. Im the host of Weekend Edition sunday. We have more than i think 760 registered for this virtual meeting. We will do our best to get to as many questions as we can. But a little bit about this event. Began in 1995 analyzing issues of critical importance to this Foreign Policy in a nonpartisan way. They are responsible for the content of the new reports and in the task force programs 25th year launching the 78th and id like to welcome you to this discussion called in proving img pandemic. Thus, lessons for covid19. A brief introduction of the panelists. We have Sylvia Burwell the professor
We have a number of exclusive interviews for you. As always lets check on your markets. One of the things we watched the most. Rising, european stocks were up, they are turning a little bit lower. The risk on kicked off the week is starting to show signs of easing. Yields under recovery. Also looking at Sterling Sterling rallying. Well have plenty more in your markets. Lets get straight to the bloomberg news. Trump is escalating his threats against the World Health Organization, he is unhappy over its handling on the coronavirus pandemic and may personally just permit the cut u. S. Funding of it doesnt make sweeping reform bring saying the agency is to close to china. President xi gave the who his full backing. The u. S. Is going to have to suffer through a spike in virus cases as the economy reopens according to lowell lloyd banks Lloyd Blankfein break saying they can afford to wait afford to wait for vaccine before reopening. Most historical credits would have to acknowledge. Can i c
Khan, and im San Francisco mayor, london breed, here to provide you with an update on what is happening with covid19 in our city. As of today we have 1,994 casis of those san franciscans who have been diagnosed with covid19, and sadly weve lost 35 people and about 70 people have been hospitalized, and as a reminder, we want to ask folks to visit datasf. Org covid19 for more information. I have a number of announcements today, and i am excited to announce some good news for a change. I know that last friday we made an announcement that on may 18 there would be a number of businesses, including florists and bookstores and cosmetic stores and other places that will be allowed to reopen for pickup and Delivery Services. And the good news is that is still happening. The even better news is that we are able to extend this to all retail in San Francisco with a business that is actually directly connected to the street. And so what this means now for our city is incredible because were talking