News with Norah Odonnell, reporting from the nations capital. Odonnell good evening, and thank you for joining us. We are going to begin with breaking news. The coronavirus outbreak that began in President Trumps inner circle is growing. Tonight, another white house staffer and a senior military leader who was with the president on sunday have been infected. And as we come on the air, nine fourstar officers, including all but one member of the pentagons top brass, the joint chiefs of staff, are under quarantine. Think about that. President trump, meantime, appears to be governing by tweet from the white house residence, where he is still being treated for coronavirus. Tonight, the president is ordering his treasury secretary and republican lawmakers to stop negotiating with democrats on a multitrilliondollar stimulus bill designed to help millions of americans who are out of work due to covid19. The president says hell return to the table if hes reelected. And he says hes ready to deba
In tehran, the American Embassy is in the hands of several hundred iranian students. 52 americans were being held hostage in iran, during an Election Year and there was no end in sight. It must be made clear that the failure to the release the hostages will involve increasingly heavy cost to iran and to its interests. In 1980, jimmy carter and his staff believed that if they could show progress in freeing the hostages that would be enough, that would take him over. Larry is director on of the university of Virginia Center for politics. What they did not count on, is that the promises from the cy before the tuesdays election. So, basically americans were told right before they went to the polls, that it was either hopeless or they had better try somebody new who would try new things to get the hostages back. So that was an october surprise that jimmy carter thought was going to help him, but it reversed. It helped reagan instead. 1980, might have been when the term october surprise was
Very fortunate that i got in position to collaborate with others in trying to realize some of those things. In is a question from twitter that i was also interested in. The question is, how does the fed evaluate costs and benefits of Equity Capital requirements . How do you get to that number compared to where basel was . We did an awful lot of work on capital ratios, both the levels that seemed prescribed or needed in order to reduce e chances of financial instability but also the cost of the economy. We did a lot of that in collaboration with other Basel Committee members in a quite substantial exercise but we actually did a bunch of that on our own. So we actually formulated, i think, quite a good an lytic framework on both sides of that question and that informed our positions on baseliii and on the surcharges. In both cases we were in favor of somewhat higher numbers and eventually came out and that was based in part on the analysis we have done. With respect to the leverage ratio
Members of these talks said he was not confident of a deal or that the government would stay open. Shutting down the government should always be off the table. We would like for it to be off the table. Weve worked hard to fund the government. Were going o continue to work hard in these negotiations, but the specter of a shutdown is always out there. We start with cnn Congressional Correspondent on capitol hill and a big meeting is about all of this is happening next hour. Tell us what its about and who will be there. Thats right. This is a big meeting coming at such a crucial moment for these negotiations and just over an hour, the top four leaders on the conference committee, this Broader Group of 17 members, theyll be sitting down behind closed doors up here on capitol hill. Essentially trying to pick up the pieces. Trying to see if they can find a way forward. Trying to see if theres anything thats salvageable after the breakdown in talks over the weekend. We heard from negotiators
Great. You said it and i agree. I wish you and your family a great thanksgiving. Thanks and bye. And thank you for joining us on this thanksgiving eve. I can tell you theres lot going on. S new hints to Donald Trumps impeachment hearing. Our special report later this hour on Speaker Pelosis evolution on impeachment and new reports about Rudy Giuliani that may shed light on donald trump distancing himself from his lawyer and what has become his ukraine fixer. So all that and later, as i was telling katy we have Something Special planned on how to pursue a meaningful thanksgiving. Something for everyone to think about on a night like tonight. But we begin with real news and raevlutions about president trump. That he knew about the then whistleblower complaintb when he made a change in his ukraine plot and are leased that countrys military aid. It adds to the evidence that reason the white house backedau extorting ukraine was not some Second Thought or some attempt to avoid doing somethin