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
Wage growth is not fitting into that equation in the same way, however. I know you will dig into a little bit more. And you will gain in stocks today, not a huge one but enough to put the dow and s p at closing records. The nasdaqy ones, not quite getting there as stocks rose this morning and have stayed relatively consistent throughout the day. As we look through the Market Trends and figure out where that jobs report is being felt, one of the strength areas today is in retail. We have a Endeavors Group of retailers doing well from the Department Stores like nordstrom to some of the manufacturer michaely retailers like kors, under armour, and l brands wrapping out our list. The holidays well, plays into this as as well as , which show robust demand potentially. If you look at retailer for the past several months, we have seen it start to outpace the s p 500. And orange,s p retail in white, and it started taking off about a month and a half ago. We should point out that amazon and netf
Given that this debate has been going on for 60 years, more than 60 years, why did 1900 people signed a Facebook Page to protest tonight the event . The controversy surrounding this forum reflects a large and profound divisions in american politics and society today. This country is more divided now been it has been in many decades. Many people on all sides feel fearful and deeply threatened. For educators this is an especially sad moment because in has made many people stop listening to each other. And this time of division what we need most is to listen and understand one another instead of circling the wagons into our own echo chambers. The Kennedy School is all aboutf understanding differences and building bridges, but creating an inclusive space now especially difficult because any people from all sides would rather shut each other down rather than hear what one another are saying. Im sure many people have followed the controversy over Collin Kaepernick and other nfl Football Leag
Consent, mr. President , to vacate the quorum call. The presiding officer without objection. Mr. Wyden mr. President , i didnt get a chance to hear the distinguished Democratic Leaders remarks. Chairman hatch and i were in the Senate Finance committee. We managed to pass by an overwhelming bipartisan vote the Childrens Health insurance program, a Vital Program for nine million kids. Thats a bit of good news that that important legislation is advancing. But i know that the democratic leader has touched on a number of very important issues, particularly some of these comments made by top advisors to the president with respect to taxes. I was struck by the fact that mr. Gary cohn, the president s top economic advisor, said last week that middleclass folks were going to get 1,000 in tax relief, set aside the fact that that doesnt look true for a number of middle class folks who have kids, but im struck with the comment that followed. Mr. Cohn said not only are middleclass families going to