You are looking at that kind of hit. Host you also mention a broader impact economically overall. The what are you looking at . Caller the Aviation Industry is very nervous about this. There are many different groups. The travel industry is very nervous about this. They rightly point out that when air traffic slows down, they become a target for this. They are afraid they could become the face of sequestration for the average person. When it comes to a cat within a government, the average citizen a cut within the government, the average citizen may not feel the impact, but when they go to the airport and have to wait an extra hour, they will feel that. Also, the southern border issues, many people look at that and look at that as just a security issue, illegal immigration, that kind of thing. That is an area where trillions of dollars in commerce floats over every year. And every minute of slowdown is millions of dollars worth of trade. At age 25, she was one of the wealthiest widows i
Certain. Joining the panel this week, wall street journal columnist dan headinger, kim strassel. So you saw it pass the house. I was the thing that surprised me is how relatively little drama there was in the sense that they didnt have to break peoples arms. They got only 13 republican defections. Thats right. And they had votes to spare. Were see an entirely different story than we did on healthcare reform. Why do you think that is . Because healthcare reform failed, so republicans understand their very political lives depend on tax reform. So i think were picking up the pace here and the senate really wants to get this done before the alabama special election, when they might lose another republican seat and have a thinner majority. But the defections, 13 detectors, 12 were from hightax states california, new jersey, new york, in particular. And thats because of the state and local Tax Deduction, right . Right. So basically the house did a carveout for property taxes up to a certain
Into the 2020 election. We will start tonight with chrissy and this weeping directive to have multiple federal agencies to cooperate with the attorney general was related to the origins of the russian pro. President trump said by d classifying pages of documents related to the origin of the drum in russia broke that he wa giving attorney general bill barr and investigators everything they need to get answers. The president also pushed back against democratic accusations that he had overriddens longstanding rules on classified material and that he was simply doing this as payback. I put it on the auspices of the attorney general. He will be in charge of a. He is a great gentleman and a highly respected man it was an attempted coup or an attempted takedown of the presidency of the United States. It should never ever happen to anybody else. I think its very important for our country to find out what happened. Former fbi director james comey will be part of the investigation also weighed i
Operations to the highest level. Cnn correspondents join us from Southern California with the latest. Lets start with alex field in ridgecrest. Alex . Cyril, it is going to be a long night for people here in ridgecrest. The power is out. It is dark. There is not a clear handle right now on how much damage was done, but certainly the people throughout this community lived through a terrifying number of seconds as that second tremor struck. It was, of course, as you say much more powerful than the first one. We felt it alongside the rest of the community here, people taking cover, people screaming, people concerned about injuries. Some people briefly it seemed trapped in their homes. Then we witnessed a fire and immediate onslaught of emergency vehicles quickly responding. But certainly a little bit of difficulty getting through to 911 in the immediate moments following that quake. This is a night that people in this community will not soon forget. Of course, what is most important right
The cut lowers the range of Interest Rates. We have a graphic show to show you here. It lowers it a range from 2 1 4 to 2 1 2 percent to a range of 2. 5 to 2. 25 . Its down. 25 . So lets talk this through. Its not a major change. And the fed just said its not necessarily the beginning of a trend. A policy adjustment towards accommodation, theyre saying. Trying to sustain the expansion. Still, the move could have major consequences. Heres why. The rate affects how much it costs to borrow money. In theory, lowter rate, loans cost less and the economy churns faster. This time around, maybe not so much because rates are already very low. Historically low. Global growth is down obviously. But the u. S. Economy is doing quite well. Theres little to no inflation to speak of. Nothing near the 2 target. Lowering Interest Rates could increase inflation. But what if . What if anything big happens to shock the world market . You dont know till you know. Something related to oil or conflict or Natu