Of the aisle who have stood up to this effort because no matter how many changes have been made in support by senators, this would be devastating. The senators are trying to hide the impact of the bill attempting to keep from a vote before there is a full score and analysis of the bill including estimates for how many people would lose coverage and how Health Care Costs would be affected. We received a preliminary estimate from c. B. O. , saying that previous to the trumpcare this would leave millions of Americans Without Health Insurance because of massive cuts to medicare. We wont see a more detailed score for weeks. The Republican Party is trying to rush this through because of rules that will expire on saturday. Fortunately a number of nonpartisan organizations are publishing data on the latest bill and agreed this would have similar impacts as the previous Trumpcare Bills. Tens of millions of americans would lose health care, states would be devastated, and costs would increase. A
Good friday morning. Welcome to squawk alley. Here with me at post nine none eisen and jon fortt is at one market in san francisco. Busy, busy news day. Got some breaking news actually out of the Federal Reserve. Lets get to the elon moy. They expect to reduce its Balance Sheet sometime this year, and it said Monetary Policy remains accommodative no new hints on its plans for Interest Rates Going Forward however, this report does point out that inflation has softened some in recent months, and the fed also said that lowwage growth remains a concern this report was put together before the june jobs number came out this morning now, this is a 59page Monetary Policy report that fed chair janet yellen will deliver to congress when she testifies on capitol hill next week one thing that it points out is the role of Monetary Policy rules and the feds decisionmaking process. That has been a flashpoint among the fed and republican lawmakers. The fed says in its report that the u. S. Economy is
Good evening. Im tom llamas, in for david tonight. We begin with the breaking news in the battle against zika. The virus likely being spread by mosquitoes in the United States. Inspectors are on the hunt, and spraying neighborhoods where they might live. But can the virus be stopped . Eva pilgrim is in miami tonight. Reporter tonight, for the first time, evidence of zika spread by mosquitoes in the u. S. This morning we learned that four people in our state likely have the zika virus as a result of a mosquito bite. Reporter the first suspected case was announced july 19th in miamidade county. Two days later, another case in nearby broward county. Then, on wednesday, the Health Department revealing two more suspected cases in both counties in south florida. We think about this just as we do a hurricane. The way you do well at this is you get ready. Reporter so far, 46 states, but these 4 are the not linked to travel outside the u. S. , or sexual contact with someone infected. All cases
Across georgia and really just now getting to atlanta some of the showers pushing there. This will continue to work ot to the northeast and into our area Late Afternoon into the evening in the rain overnight. The good news is kind of pull out and away from the area before really i think sunrise tomorrow so i expect a pretty good looking day for saturday its more interesting weather perhaps on sunday well talk more about that coming up right now the table to the airport conditions thirty six degrees Windsor South southwest eight mph. We were thirty four the last half hours so were actually up a couple degrees now and temperatures will continue to go up and reach highs today pretty close to fifty degrees or so. As with the evening the rain moves in i would say for thirty five oclock we sit down across North Carolina pushed him towards the metro and certainly this evening as i mentioned tomorrow its pretty good partly cloudy still mild but cooler on sunday with a maybe maybe a little bit
Interest rates and survey measures moved in ways broadly consistent with the guidance all now the date based Forward Guidance appears to have affected the expectations as desired. It did not explain how future policy would be affected by changes in the outlook. An important limitation. Indeed, the date and the guidance was pushed out twice in 2012, first in late 2014, and then mid2015, leaving the public unsure about weather and under what circumstances, further changes to the guidance might occur. In december of last year, the fomc addressed this issue, by tieing its Forward Guidance more directly to its economic objectives. Introducing socalled state contingent guidance, the committee announced for the first time that no increase should be anticipated so long as unemployment remained above 6 and a half , and Inflation Expectations remain stable and near target. This formulation provided greater clarity about the factors influencing the committees thinking, about future policy, and ho