And we begin in chicago where the superintendent of the Police Department has been fired. For the past week, hundreds of people have been on the streets, calling for Gary Mccarthy to go. And today, the mayor answered those calls. Critics of his leadership are angry that it took more than a year for White Police Officers to be charged with murder of a shooting death of a black teenager. The Community Leaders want it gone as well. Diane eastabrook has more on this now. Reporter tony, this really was a bombshell announcement today, because the mayor had been very supportive of mccarthy, but the calls for his removal had just gotten way too intense. Chicago mayor, rob immanuel held a News Conference that he fired Gary Mccarthy because he had become a distraction. I have a loyalty to what he has done, but a bigger loyalty to the city of chicago. Reporter but hours later, he told a local reporter that he had no plans to leave his job. Im not going to give up on the chicago Police Department
Seen any innation as judged by the cpi since october. That number is due out at 8 30 eastern time. Then later in the morning watch for the Housing Price index. New home sales and richmond fed survey. St. Louis fed president gym bullard is set to Start Talking in london in a few minutes. In the meantime jon williams is in australia and he is telling economists there that the broad strength of the dollar poses little risk to the u. S. Economy. Gathering more momentum for what happens when rates start to move he warns of unintended consequences for the economy. Given that Monetary Policy is a blunt instrument its going to have unintended consequences or effects. The goal for me is just to get the economy back to full employment. Get inflation back to 2 and Interest Rates back up as appropriate back to more normal levels. He will not be composing the music for the new movie. I thought he was. Originally he was signed on. He will not. Well check into that. But i thought i saw recently hes n
Ryans Budget Proposal unveiled yesterday. We will of live coverage on cspan 3. We want you to weigh in on the budget blueprint. Republicans, 202 5853881. Democrats, 202 5853880. Independents, 202 5853882. Send this a tweet or post your comments on facebook. You can also email us. To give us more details about the budget unveiled by house budget chairman paul ryan, lauren french is joining us. She is the congressional reporter with politico. 5 trillion over the next decade. How does he propose saving that much money . It is kind of a hodgepodge of savings. Interests that the government will not save. We missed that little bit we have an audio hick up. Hiccup. The budget does call for a full repeal of the healthcare law. That will bring in about 1. 2 trillion of savings. There will be savings from medicare changes. He is counting interest the government will not pay on the debt. There is a hodgepodge, but the big bulk of it does come from repealing the healthcare law. How does that save