Before we get started, we have breaknews. Lets get to Steve Liesman back at hq. Steve . From a Trump Press Conference to liesman on big numbers on debt, huge numbers. The new york fed saying Household Debt rising by 226 billion in the Fourth Quarter of 2016. That is the biggest jump in Household Debt since the Fourth Quarter of 2013. It is now at 12. 58 trillion, the biggest number since the Fourth Quarter of 08, which youll remember is right around when it started to decline with the financial crisis. What led the way . Mortgages at auto loans were behind this rise in Household Debt. But interestingly, bankruptcies and foreclosures reached an 18year low, which is the history of this particular survey. So, those rates are really well down. Youre not seeing a rise in bankruptcies and foreclosures, even while youre seeing the rise in debt. Credit cards and student loan balances were also part of the increase. Carl, we dont know if this is part of the trump phenomenon, the post confidence
Capital. With i served as the 100 fourth president of the club, and im standing in today for our 110th president , jeffrey bah lieu whos away on assignment because he still has to make a paycheck via his employer as opposed to this volunteer gig and probably submit his tax return as well. Id like to welcome our public radio and cspan audiences today and id like to remind you that you can follow the action on twitter using the hash tag pound mpc live. Now its time to pro tro deuce our head table guests and id ask each of you stand briefly as your name is anoinsd to the audience id ask that you please hold your aplows until ive finished announce the the the entire head table. From your right my left Charles Clark senior correspondent, government executive media group, mark wine know, Senior Associate Editor of kip linger personal finance and proud Buffalo Bills fan. Dell quinton wilbur reporter, los angeles times. Mark chef Senior Reporter investment news. Alley verse pill, federal tax r
Capital. With i served as the 100 fourth president of the club, and im standing in today for our 110th president , jeffrey bah lieu whos away on assignment because he still has to make a paycheck via his employer as opposed to this volunteer gig and probably submit his tax return as well. Id like to welcome our public radio and cspan audiences today and id like to remind you that you can follow the action on twitter using the hash tag pound mpc live. Now its time to pro tro deuce our head table guests and id ask each of you stand briefly as your name is anoinsd to the audience id ask that you please hold your aplows until ive finished announce the the the entire head table. From your right my left Charles Clark senior correspondent, government executive media group, mark wine know, Senior Associate Editor of kip linger personal finance and proud Buffalo Bills fan. Dell quinton wilbur reporter, los angeles times. Mark chef Senior Reporter investment news. Alley verse pill, federal tax r
Cable television or satellite provider. Now, irs commissioner John Koskinen talks about Identity Theft. This is about one hour. Good afternoon and welcome to the press club where news happens here in the nations capital. Im standing in today for our 110th president , jeffrey bah lieu whos away on assignment because he still has to make a paycheck via his employer as opposed to this volunteer gig and probably submit his tax return as well. Id like to welcome our public radio and cspan audiences today and id like to remind you that you can follow the action on twitter using the hash tag pound mpc live. Now its time to pro tro deuce to introduce our head table guests and id ask each of you stand briefly as your name is announced to the audience id ask that you please hold your applause until ive finished announce the the the entire head table. From your right my left Charles Clark senior correspondent, government executive media group, mark wine know, Senior Associate Editor of kip linger
Tell michelle i said hi. Irs commissioner John Koskinen delivered the keynote address at a luncheon hosted by the National Press club here in washington, d. C. Ahead of tomorrows tax day, he focused on efforts the federal agency has made to better meet taxpayer needs for filing taxes. After his remarks, commissioner koskinen took questions from the auds je audience. I served as the 104th president of the club, and im standing in today for our 110th president who is away on assignment because we still has to make a paycheck as opposed to this volunteer gig. Island li id like to welcome our public radio and cspan audiences today. You can follow the action on twitter using npclive. Id ask that you each of you stand briefly as your name is announced. To the audience, please hold your applause until i have finish finished introducing the entire head table. Government executive media group. A senior associate editor. Dell wilber, reporter with los angeles times. Mark schiff, Senior Reporter