White house budget director young testified in President Bidens newly released 2025 budget request. She outlined some of the priorities laid out in the proposal including tax cuts for the middle class, lowering healthcare costs, childcare investments, and protections for Social Security and medicare. Other topics included funding for ukraine, National Debt, and inflation reduction. This is two hours. All right, let me call this hearing of the budget to order. All right. Let me call this hearing of the Budget Committee to order. Let me thank my colleagues for indulging the late start at 10 15 instead of 10 00 today because i had a presentation to make at the supreme court, so thank you for indulging that. I was presenting to the judicial conference. I dont know which one is which. [ laughter ] so, let me first say good morning to our Committee Members present and offer a special welcome to Shalanda Young. Director, it is always a pleasure to have you here before the committee. There is
White house budget director young testified in President Bidens newly released 2025 budget request. She outlined some of the priorities laid out in the proposal including tax cuts for the middle class, lowering healthcare costs, childcare investments, and protections for Social Security and medicare. Other topics included funding for ukraine, National Debt, and inflation reduction. This is two hours. All right, let me call this hearing of the budget to order. All right. Let me call this hearing of the Budget Committee to order. Let me thank my colleagues for indulging the late start at 10 15 instead of 10 00 today because i had a presentation to make at the supreme court, so thank you for indulging that. I was presenting to the judicial conference. I dont know which one is which. [ laughter ] so, let me first say good morning to our Committee Members present and offer a special welcome to Shalanda Young. Director, it is always a pleasure to have you here before the committee. There is
White house budget director young testified in President Bidens newly released 2025 budget request. She outlined some of the priorities laid out in the proposal including tax cuts for the middle class, lowering healthcare costs, childcare investments, and protections for Social Security and medicare. Other topics included funding for ukraine, National Debt, and inflation reduction. This is two hours. All right, let me call this hearing of the budget to order. All right. Let me call this hearing of the Budget Committee to order. Let me thank my colleagues for indulging the late start at 10 15 instead of 10 00 today because i had a presentation to make at the supreme court, so thank you for indulging that. I was presenting to the judicial conference. I dont know which one is which. [ laughter ] so, let me first say good morning to our Committee Members present and offer a special welcome to Shalanda Young. Director, it is always a pleasure to have you here before the committee. There is
Making her last stand, raising rates for the third time this year and the fifth time since the financial crisis Steve Liesman was at the press Conference Reporter hi, melissa the Federal Reserve raising the Interest Rates by a quarter point, that is the highest its been since 2004. The fed forecasting three more rate hikes, boosting its growth forecast next year to 2. 5 in part because of coming tax cuts. It also lowered its outlook for unemployment to 3. 9 and continues to believe that inflation would eventually move up to its 1. 9 target. There is nothing flashing red there or possibly even orange. We have a much more resilient stronger banking system. And were not seeing some worrisome buildup in leverage or credit growth at excessive levels so, you know, this is something that the fomc pays attention to. But if you ask me is this a significant factor shaping Monetary Policy now, well, its on the list of risks its not a major its not a major factor reporter yellen said the tax cuts
On cspan3. The ccn cities to work working with our Cable Partners as we explore america. Next a discussion about britains discussion to leave the European Union and potential effect on the uk, the eu in the United States. From the Woodrow Wilson center in washington dc this is two hours. [inaudible conversations] good morning everyone. Welcome to all of you and the most center. Our discussion this morning of brexit. Id like to open by remembering to go back a year and a half ago june 16 and the uk public vote in brexit felt like a tectonic shift and it was a major change with consequences that were both farreaching and unclear. Brexit changes everything but how . Businesses, institutions and policymakers have been looking that ever since. The study that will talk about today looks at the impossible outcomes of what they mean for our Economic Policy and preparation. Im delighted to see many friends of the Wilson Center here today and i will introduce our expert panel. My idea is that we