Without the businesses, they will not be getting money for long. Is there enough . If not, we will do something later, i am sure. Wall street analysts are predicting unemployment could skyrocket next week. Some analysts say as many as 3 Million People applying. That would be an historic number. Is a 1000 check going to cut it . We are talking much more than that. We are also talking about doing phases if this doesnt work. We will keep on doing it until we get it going. Once we get the economy back, was this enemy is defeated, the invisible enemy, once we get the economy back, it will all come back to us very quickly. We have a tremendous economy. Othernumbers like no country has done before, number one in the world. That money comes back to us very rapidly. That when,have it so not if, but when we win the war, the invisible enemy, when we win it, these companies can immediately start. Not that they had to start rebuilding, which takes a long time. Are you confident those jobs will come
Phonel open up regional lines. If youre in the eastern or central time zones, we want to hear from you at 202 7488000. If you are in the mountain or pacific time zones, we want to hear from you at 202 7488001. If you are a medical professional, first of all, we want to say thank you are what youre doing for america right now. We will open up a special line for you. Medical professionals, we want to hear from you at 202 7488002. And keep in mind you can always text us at 202 7488003. And we are always reading on social media, on twitter, cspanwj, and on facebook at facebook. Com cspan. Again, the president , yesterday, signed the 2 trillion coronavirus aid bill. For you a little bit what he said to the media after signing the. Bill. [video clip] republicans and democrats coming together, putting their differences aside to make this for americans first. This support Small Businesses. We will keep our Small Businesses strong and our big misses and says big businesses strong. This historic
Getting things going well into 2021. Host you are seeing people on wall street and in the Business Community saying they are going to need another stimulus package just to get things back on track. This 2 trillion is not enough . Guest you are right on. That is the reality of it. Marriott, one of the Biggest Hotel chains in business, they are furloughing tens of thousands of workers. It is unclear when that demand will pick up. Yesterday, i talked to the founder of growth help. Of grubhub. 100 million in fees. It is unclear when demand will come back. I caution people that think the u. S. Economy will snap back in the second half of the year. That is false. Year where thee u. S. Unemployment 8 . Might spike up to that is a long way from where we were at the beginning of the year. The economy does not just jumpstart. Host what are the Business Experts saying that the government needs to do right now . If the 2 trillion was not enough, what are they saying actually needs to be done to sa
The dow down as much as 123. The s p is up and the treasury at this point, it looks like the yield has been something people are watching again you dont want to see these move up too quickly it has shown some strength wti, yesterday was down 24 . That was the third worst day ever for oil prices. 18year low. This morning, wti is up better than 13 last i looked it was around 23. These moves with the dow, s p and massive moves yesterday in the market, all of us were a little relieved when the 4 00 p. M. Bell range. I was happier like you. I dont even know what you are thinking at 2,300. When it comes back 1,000 mike spointed out at one poit the dow was down 2,300 points. Im reaching for straws in the ocean but walmart. New highs. Close to alltime highs. I know why i know all of that if walmart lives, i think im going to live. I hang my head on amazon hiring another 10,000 people you saw amazon hiring like 10,000 people. People are still shopping. Becky, i saw we wrote an article. Higher y
Reports on various topics. We just had one on student loans, for example. Then we do i host of scorekeeping functions. In support of the appropriations process. Tracking spending and helping Congress Figure out how much they are spending and how much bills will cost. Mr. Mcardle talk about who you answer to. Mr. Swagel we are a nonpartisan agency. We answer to the congress. We work through the two budget committees, the House Budget Committee and the Senate Budget committee, but we work for the entire congress. Generally our work is for the chairs and ranking members of the various committees of jurisdictions. If there is something on health care that would be in the senate for the finance committee or the health committee. And similarly in the house. And so in a sense we answer to all the members and support all the numbers equally on a nonpartisan basis. Mr. Mcardle all of the members are interested in your budget and economics outlook. What is the takeaway from that . Mr. Swagel the