president biden has important decisions to make in the next several days, whether or not he wants to replace federal reserve chair powell amid the highest inflation rate in 31 years. the president could reappoint powell to his post or put in an ally, brainerd an economist and someone who has been with the fed since 2014. biden and his family members head to massachusetts to celebrate the thanksgiving holiday when they return to the white house, expect intense negotiations about build back better in the senate. back to you. jon: david spunt live in wilmington, delaware. thank you. montana republican senator steve danes is joining us now, who is a member of the senate finance committee as well as the banking housing and urban affairs committee. senator, good of you to be with us on this sunday night. so tell us about the prospect for this social spending bill that just passed the house. what does it look like in the senate? well, this is a massive and
buddies, have declared war on you. the attacks on your nomination have been vicious and personal. we ve just seen them. sexism, racism, pages straight out of joe mccarthy s red scare tactic, it is all they are on full display. welcome to washington in 2021. now one claim is that you intend to nationalize the banking system. so let s just get this nonsense out of the way. does the sec have the power to and private banking, and move all consumer deposits to a public ledger. absolutely not. if the fcc did have that putt were, is that something that you support. absolutely not. and are you a capitalist who believes in free markets. yes i am. and senator elizabeth warren democrat of massachusetts, member of the banking housing i ve got to say, i ve watched a lot of absurd stuff. on the capitol hill. that was one of the most cringe inducing, embarrassing performances i ve seen in a
you have the bipartisan bill and then the reconciliation bill. and the bills together address everything from climate change to health care to prescription drugs, childcare, to education, all these different priorities. all extremely important. but they re basically wrapped together in one bill because of senate procedures and the fact there is a very narrow democrat ic majority which makes that bill and the messaging around it so difficult. there is no single overarching priority. it s the full agenda and if everything is priority, well then nothing is no priority. for all kinds of reason, they push to reduce the size of the bill, forcing among the 48 other democratic senators difficult choices about what stays and what goes. the chair of the banking housing and urban affairs committee joins me now. senator, i want to start with the child tax credit. that is something you ve been
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