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
Coronavirus as both president s face more accusations of downplaying the crisis. The Afghan Government switches to an offensive strategy after attacks on a Maternity Hospital and a funeral the taliban calls it a declaration of war. And im somehow must not have all the sporting puting top level sport continues its return in north america with the ultimate fighting championship for the 2nd of 3 events in just 8 days. The European Union wants people to start planning their Summer Holidays and get economies moving again and the e. U. The reopening of borders closed by the coronavirus pandemic france austria and switzerland have already said theyre going to start relaxing control. As early as this weekend germany and some other e. U. Members and to completely end border restrictions by june the 15th others arent convinced spain or the worlds 4th highest number of infections is set to keep borders shut until at least july a 160000000000. 00 question for the e. U. Is how to reopen safely tour
Talking therapy services. Coming up on afternoon live, all the sport withjohn watson. Thank you, everton manager at marco silva is facing the sack this afternoon after another defeat, this time in the Merseyside Derby to liverpool. Thanksjohn, and ben rich has all the weather. As the saying goes, red sky in the morning, shepherds warning, we had some beautiful red sun rises this morning but the warning is for a lot of rain in places. It is turning milder but i will have full details just before half past. Thanks, ben. Also coming up. The christmas advert getting tens of thousands of views, and it only cost a hundred pounds to make. Hello, this is afternoon live. With one week to polling day, the Political Parties are beginning theirfinal push for votes. Boris johnson is promising to pass his brexit deal and bring a tax cutting budget within 100 days, if the conservatives win the election. Labour have outlined plans to recruit almost 20,000 extra teachers in england overfive years. Mean
[inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] the committee will come to ord order. [inaudible conversations] [inaudible conversations] [inaudible conversations] without objection the chair is authorized to declare recess of the committee at any time. This hearing is entitled an examination of facebook and its impact on the Financial Services and housing sectors. I now recognize myself for five minutes to give an Opening Statement. Today we are here to examine the act of facebook on the Financial Services and housing sectors. Our sole witnesses the facebook chairman and ceo, Mark Zuckerberg. Facebooks plan to create a Digital Currency, libra, and a digital wallet raised many concerns relating to privacy, trading risks, discrimination, opportunities for diverse owned financial firms, National Security, Monetary Policy and the stability of the Global Financial system i and other democrats have called for a moratorium on facebooks