Flatten. The currency move of the day is what is happening with the turkish lira. A huge move today. We will discuss that later on in the show. Because theres a war going on between the president and the central bank. The last 24 hours hasnt brought much certainty and who will govern germany. Chancellor merkels largest partners expressed no interest in coming together and she said she would rather have new elections they go forward without a majority. Matt miller has been covering each development and we welcome him from berlin. Bring us up to speed. What is going on . Matt you summed it up quite well. The key is she doesnt want to go forward without a majority. The form still prefer a Majority Coalition with either the ftp and the greens or with the std her Current Coalition partner. That seems so unlikely, the ftp having to walk out of Coalition Talks. The stp saying it is no way interested in prefers to stay in opposition. Now the president whom you see here is going to try and forc
Slashing the state and local deduction means a massive republican problem for republicans in virginia, new york, illinois, washington and, of course, california. Multiple analyses have shown that despite the socalled compromise that allows families to deduct upp to 10,000 in property tax, the pain inflicted on suburban families will not be much mitigated. States like california, new york will still experience an exodus of taxpayers training local resources and impacting services. For those housemp republicans, voting for a conference report is a poisonous boat. And not to mention that home values will fall in those districts of those house republicans. If there voting to decrease home values by ten or 8 , for every homeowner in their district, thats political suicide. Why would they do it . Thats what will happen, and homeowners will start seeing that right away. Anothernc problem, the lastmine inclusion of corporate amt has republicans in Corporate Leaders scrambling to figure out it
A time is set for confirmation vote, but it would happen tomorrow. The government runs out of money saturday. And we may hear argument for tax reform. Live coverage of the senate here on cspan2. The president pro tempore the senate will come to order. The chaplain, dr. Barry black , will lead the senate in prayer. The chaplain let us pray. Eternal god, we praise you for your goodness. Your faithful love endures forever. You are the protecter of your people. Today recapture the minds of our lawmakers and galvanize their wills. May they live blameless lives doing what is right and speaking the truth from sincere hearts. Lord, infuse them with a spirit of humility so that they will seek to be guided by your wisdom. May they keep their priorities straight, remembering that you are the only constituent they absolutely must please. Help them to make it their primary goal to please you in what they think, say, and accomplish. We praise you and pray in your holy name. Amen. The president pro t
Like tax heights on the middle class and subsidize corporate welfare. That menacing idea at the core of their bill is a problem that like a hydra spouts many heads. Slashing the state and localistc deduction remains a massive problem for House Republicans from suburban districts in virginia, new york, illinois, washington and of course, california. Multiple analyses have shownhe t that despite theed socalled sub compromise that allows family to deduct 10000 in property tax m the pain inflicted on familieseu will be mitigated. State likes california and newsh york will experience an accidenr of taxpayers. It will drain local resourcesus and impact services. For those House Republicansnd voting for a conference report is a poisonous vote substantively and politically. And not to mention that home values will fall in those votin districts of those House Republicans. If they are voting to decrease n home values by ten or 8 for every homeowner in their district that is political suicide. T
Families. That idea is a problem. It remains a problem for house republicans. It allows families to deduct up to 10,000 in property tax, the pain inflicted on suburban familsuburbanfamilies wont be mitigated. For those housee republicans voting for a conference report is a poisonous vote substantively and politically. And home values will fall in the districts of the house republicansec in their voting to decrease home values by ten or 8 for every homeowner in their district that is political suicide that is what will happ happen. The lastminute inclusion has republicans and Corporate Leaders scrambling to figure out who will have the unintended consequence of functionally eliminating the value of the tax credit. Republicans needed more revenue to offset a generous pass through. Thats what republicans are working on and the hours of last week. With a kid that has a serious medical expenses not reducing the impact it would have on the deficit. They were busy figuring out how to make tax