right. you say it all worked out fine. you point to the market turbulence. yeah. so, there s that. the question is could the republicans especially or any side really have agreed to something with three weeks to go when all their members would say, no, take another week and get a better deal. we re not voting for this yet. i don t know. something about getting to the 11th hour, something washington is particularly good at, i suppose. jason ferman, thank you very much. good seeing you. the 11th hour in washington is real. canada is urging people to put out cigarettes. plus, studies show drugs like ozempic can help with weight loss. they may help curb addictions. a cnn medical report is next. can now bs precisely orchestrate nearly 600,000 vehicles passing through their uk port every year. don t just connect your business. (dock worker) right on time. (vo) make it even smarter. we call this enterprisise intelligence.
any signs of white smoke coming out of the senate later today. we re watching for those, indeed. lauren, appreciate it. thank you. joining us now jason ferman. he was at the negotiating table in 2011 in the debt ceiling fight then when we came within 72 hours of default. jason, good morning. thank you for joining us. good morning. first of all, kevin mccarthy s claim that this is historic and it s the biggest cut in savings congress has ever done and it s law, essentially saying you can t change it. does that all add up? not really. look, i m glad he thinks it. i m glad he is able to say it. i m glad he got two-thirds of his caucus. but, no, that s not close to true. you have some interesting analysis that struck me. it s different than what a lot of other economists are focusing on. you really point to even if they pass the senate, even if this gets done by monday and signed, the economic turbulence it
basically offering incentives to people, it is offering more generous maternity leave, offering tax breaks with the hope of giving a boost. so how does this relate to the economy? there is no question, covid had a big reason for china s economic slump last year. but you also need a strong able-bodied work force. when you think about china, it s a manufacturing hub. so many american companies depend on chinese workers to manufacture its goods. and if that population is not sustained, it is going to be a very big challenge. in fact, kate, looking ahead, the united nations predicted that india will have a larger population in 2023. so without people, you can t be productive and that is where china finds itself right now. mark, thanks for putting it together. it is good to see you. joining me now is jason ferman, from the counsel economic advisers in the obama administration and now a professor at harvard.
allow us to borrow any more. maybe you could prioritize or figure out some way around this. there is no way around this. democrats have looked, republicans have looked. the only choice is to raise the debt limit. that is something that both parties historically understood. i m quite nervous about the house republicans right now. yeah. jason, it is good to see you. thanks for coming in. good to see you. thank you. a college student stabbed in the head on a bus and the suspect admitted to the attack and admitted she was motivated by hate. that is next. to their new mini-van!ser yeah, you ll get used to it. this mom s deposititing money with tools on-hand. cha ching.g. and this mom, well, she s setting g an appointment here, so her son can get set up there and start his own financial journey. that s because these moms all have chase. smart bankers. convenient tools. one bank with the power of both. chase. make more of what s yours. what the buck? need money?
extra, my daughter worked since 10. you re laughing. that s exactly what you re doing. we did the right thing and we get screwed. i appreciate your time. that angry dad in iowa has some interesting bedfellows these days. they include jason ferman, top economist for president obama who said the plan would, quote, unnecessarily provide tens of thousands of dollars to many high income households in a way that goes well beyond even what he, biden, promised in the heat of democratic primary when the problem facing the country was low inflation. not high inflation. and ohio democratic senate nominee tim ryan who said this, waving debt for those already out of trajectory to financial security sends the wrong message to millions of ohioans without a degree working just as hard to make ends meet. then there s the cost, the wall street journal opined as follows, this is an inflation expansion act. the reports say mr. biden will cancel 10 grand in debt for borrowers making 125,000 or less