overnight solve financial markets, in their networking with other banks where powell has been working on climate change, recognizing that this is a real risk to the economy. and powell and brainard have articulated the importance of taking that risk very seriously. again, on financial regulation. they know that a reckless wall street can take down an economy like ours and has done so in the past. and that kind of oversight is essential to president biden. remember, he is all about middle-out, bottom-up economics. and if the growth is only flowing to the top and they re engaged in reckless financial behavior, that s not okay with him. i know that was a topic of conversation with both powell and brainard. i have to say, i ve never heard a discussion of the federal reserve s involvement in climate change, but i m open to it. what can the federal reserve do about climate change? very important question. first of all, one of the things
reporter: i will. and joining me, john harwood. cnbc s chief washington correspondent and political writer for the new york times and good friend to this show. gland to see you here bright and early in washington. kind of fun. kel you what, ron may be distracted by the hollywood actresses but i am laser focused on this inauguration and the second term of the president. asking you a bunch of questions. here we go. what do up think the main goals are that you expect the president to outline tomorrow in his address, or monday? i would expect the president to focus on the goal of trying to bring the country together behind some of the priorities that we all share. you know, when you look at the two things that the president brought into office, one was an agenda, a set of priorities he wanted to pursue on health care, on financial regulation, energy and climate change nthat sort o thing. a much bigger failure for the president in the first term, the goal of bringing the country
it on the line and democratic members of congress are exhausted by the burdens to carry for the administration on health care, on stimulus, on financial regulation and what the president wants to do is change policy, replace carbon emissions, harder to do than passing health care. it sounds like cap in tax which is what the republicans call it. this is a heavy lift and fairly bold move by the president. the democrats are reluctant as well as republicans. more likely scenario a slimmed down energy bill and one that stays away from what you mentioned is really radioactive and a notion of pricing luge ii polluti pollution? standards for utilities of alternative energy, the further it gets from the fundamental change the president wants to achieve. this is really a matter of how much the president achieves his
doesn t pass. on financial regulation, cap and trade, it will be severely weakened if this bill does not pass. for those if reasons the democrats are being told this bill must pass. i m being told this an absolute must pass for the obama white house. they foresee terrible things happening if it doesn t pass. jane: major, thanks. jon: house democrats are promising to post a final healthcare bill online for at least 72 hours before they cake a vote. there are before they take a vote. there are lots of unknowns as to what the bill would include. what is the final cost to taxpayers. do we have any idea what the final costs are here, rich? reporter: the president promises a bill of $100 billion