Good morning. Central banks on center stage. The boj announcing that its keeping policy unchanged. Up next, we have decisions from the ecb and the boe. Plus, were still trying to rise above. Well see. President obama and republican senators break bread and discuss solutions to the nations fiscal crisis. And another day and another record and close. The dow and the s p 500 are now starting squawk box. Its thursday, march 7th, 2013. Good morning, everybody. Welcome to squawk box here on cnbc. Im becky quick along with joe kernen. Andrew ross sorkin is in new york today covering the warden economic summit. Andrew has a number of great guests who are lined up with him. Well have more from him in just a moment. Also todays lineup. But fist, the mornings top stories. The bank of japan keeping Monetary Policy unchanged today. That is as expected. The bank of Japan Holding its fire to wait for new leaders who are expected to shift bolder measures. Policymakers are revived softens. And the yen
Newshour Congressional Correspondent kwame holman begins our coverage. We believe that we owe the American People a balanced budget. For the Third Straight year weve delivered. In fact we balanced this budget in just ten years. Reporter as House Budget Committee chairman paul ryan spelled it out, the republican plan would cut the deficit by 4. 6 trillion dollars over ten years. Some of that would come through the higher taxes approved in january. But 1. 8 trillion would come from repealing the president s Signature Health care law. In addition the plan convers medicaid to a block grant to the states and reduces its federal funding share. Ryan also proposed, as he has in the past, transforming medicare by giving seniors a fixed amount to purchase Traditional Program coverage or a private plan. Last years republican Vice President ial nominee acknowledged that the plan wont get past Senate Democrats or president obama. Instead, he said, its an opening bid. Will the president take everyon
Correspondent kwame holman begins our coverage. We believe that we owe the American People a balanced budget. For the Third Straight year weve delivered. In fact we balanced this budget in just ten years. Reporter as House Budget Committee chairman paul ryan spelled it out, the republican plan would cut the deficit by 4. 6 trillion dollars over ten years. Some of that would come through the higher taxes approved in january. But 1. 8 trillion would come from repealing the president s Signature Health care law. In addition the plan convers medicaid to a block grant to the states and reduces its federal funding share. Ryan also proposed, as he has in the past, transforming medicare by giving seniors a fixed amount to purchase Traditional Program coverage or a private plan. Last years republican Vice President ial nominee acknowledged that the plan wont get past Senate Democrats or president obama. Instead, he said, its an opening bid. Will the president take everyone of these solutions .
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nations and the reaction there to his diplomatic initiatives. brown: special correspondent dave iverson reports on a new push to get scientists to work together in the pursuit of medical cures. let s put our arms together and brains together and solve the problem collectively and for a project like this you absolutely need that to succeed. woodruff: and isabel wilkerson discusses her new book on the great migration of african americans. that s all ahead on tonight s newshour. major funding for the pbs newshour has been provided by: i want to know what the universe. looks like. feels like. from deep space. to a microbe. i can contribute to the world by pursuing my passion for science. it really is the key to the future. i want to design. a better solar cell. i want to know what s really possible. i want to be the first to cure cancer. people don t really understand why things work. i want to be that person that finds out why. innovative youn