Somewhere 1. 4 but the mixed signals are there. Because the Unemployment Rate is at 3. 5 . The lowest since 1969. Wages are rising. Still on the uncertainty, specifically, trade, and the Global Economic slowdown, companies are basically frozen with what to do with the money. Theyre sitting on a pile of cash but waiting for some of that trade uncertainty to sort of shake itself out to figure out where they want to invest cash going forward. That is what the Federal Reserve is trying to figure out for long term assessment of the economy. One of the debates going an inside the Federal Reserve with chairman jay powell. I interviewed, exclusive interview with tom barkin, president of the richmond fed. He said that inflation, or the prices are low. Inflation is low, because of the trade uncertainty. Listen. Whether it is transparency on the internet, big box retailers, the power of their purchasing departments theyre very nervous about the ability to pass on prices. When uncertainty is high,
40 attorneys general are setting sites on google. It could be a preview of coming attractions when you hear facebook, amazon pop up. First on the google fight, Hillary Vaughn outside of the Supreme Court. Hillary. Reporter almost half of the country state ag are joining forces to investigate silicon valleys biggest tech companies, the first on their list is google. State watchdogs are taking action, looking into whether google is guilty of undermining the competition by buying out startups and ultimately harming consumers through lack of choice. Over 40 state attorneys general are joining the effort and will hold a press conference here on the Supreme Court just two hours from now. Google is responding to this investigation saying they have endured numerous probes related to antitrust globally and are willing to work with regulators, writing this, the doj is asked us to provide information about these past investigations. We expect state attorneys general will ask similar questions. We
Like it all has been worth it. Politics, Paul Wellstone told us, is about the improvement of peoples lives. I know that the work ive been able to do has improved peoples lives. I would do it all over again in a heartbeat. For a decade now, every time i would get tired or discouraged or frustrated i would think about the people i was doing this for and would bet me back up on my feet. I know the same will be true for everyone who decides to pursue a politics that is about improving peoples lives. And i hope you know that i will be fighting alongside you every step of the way. With that, mr. President , i yield the floor. Neil with that, senator al franken has resigned from the United States senate. He says he will do so in the coming weeks. He didnt specify how many weeks. That is important parliamentarywise because we dont know whether he wants to stay for the vote, not only temporary measure to continue the government and continue operating the government for another couple weeks and
Committee have been invited to that meeting. Adam shapiro has all the very latest. Adam . Reporter neil, some of the parameters of the deal we already know. Remember all of this has to pass what they call the byrd bath. It is being scored. If it doesnt pass or meet reconciliation guide lines in the senate and they have to go back to the Conference Committee to work that out. Here is what we know. Corporate tax rate, 21 . Top individual rate, 37 . You would be able to deduct 20 reduction from your taupe rate, top income rate if youre a small business. Mortgage interest deduction, this was agreed two days ago. Interest deduction on mortgages up to 750,000. As you pointed out the president is going to be having lunch with republican members of the Conference Committee, conferees. No democrats were invited to this here is what chuck schumer, Ranking Member in the senate had to say about where tax reform is headed. It is hard to believe they could make this new tax proposal even worse for t
You why did mccain vote against him . This doesnt do what republicans planned to do which is repeal and replace obamacare. Neil everyone acknowledged that. The republicans in this bill were hoping that it would pass but that it wouldnt become law. They wanted to use the vehicle to get to a conference. Its difficult to explain to people. The other thing neil you could change it. Exactly. Difficult to explain to people. The idea that trump and republicans sold substance to this bill, low Approval Rating, cbo scores it would take people off insurance. Republicans didnt solidify the argument by saying this this is what we would give to people. John mccain, of course, is known for being kind of the maverick in congress. Its very telling though, he was the standard bearer of the Republican Party, the party that has campaigned or years. Neil being the admiral who would be the leading the charge. If youre looking at the people who voted against for it, they are not up for election. Youve done