Civility toward cities and the challenge that cities face. I future looks promising and i look forward to 2021. Regarding phase 2, i was joined by the chair, c. F. O. To provide an update to the california project of transportation, tony tavares and numerous staff from the cal tran team and the statewide division of rail and mass transit. We provided an overview on project history, outlined work completed since the projects reactivation in june, provided forecast of upcoming information and the funding plan. Further, to our advancing phase 2, on october 15, we provided a project update to the bay area delegation which included senator and board chair jerry hill, san mateo counties. Along with the senate and Assembly Transportation Committee Staff and offices. 20 legislative offices participated. We provided information about the project history, current status and activities as well as future plans to advance the project. The presentation was well received and we plan to continue our c
Results. We will get congressional insight all morning long. We will hear from georgia congressman earl buddy and connecticut senator rand paul. Loss of 100 points on dow futures. Markets extending slump from yesterday as more lockdowns and the threat of them offset positive news on vaccines. Its also been a big week for retails, bjs and macys reporting this morning all the numbers as soon as they hit the tape. Working from home may not save you money. Why paying a new tax while working remotely. A little holiday decorating can carry you through some tough times making a buzz this morning. Mornings with maria is live right now. Dagen european markets feeling the sting of more lockdowns, red across the board in france, england and germany, all down about 1 . Mixed story in asia overnight with fractional moves there. Kospi and south korea shanghai to the plus side. Cheryl casone has all the news that you need right now, good morning, cheryl. Cheryl good morning to you, dagen. United stat
Does he have the ability to do this, do you agree with the decision . Sen. Schumer i agree with the decision and i know that he will check things out legally. Thank you, everybody. [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] a we take you live to discussion on fiscal policy in the Incoming Biden Administration and congress, hosted by the brookings institution. Size i think is ambiguous and policy occur through a political process. I would rather see something that is a little bit smaller but that could pass this week or next week, rather than wait for something that is a little bit until, but will not pass february. If you look at the output gap, i think a trillion dollars is a reasonable figure for the next round of stimulus. I think democrats should be willing to take a couple hundred billion dollars less than that. Republicans should be willing to take a couple hundred billion dollars more
With the cares act in march and prevented the covid pandemic from doing even more harm to the economy and welfare of americans than it did. The cares act is essentially been spent, many people are about to lose benefits. Unless Congress Acts. And unless Congress Acts fiscal policy soon will be a drag on growth. They are still more than 11 Million People still unemployed by the official count. Most economists and certainly those gathered here today agree more fiscal support is necessary. Following that discussion, we turn to an issue predating the pandemic him one that persists. How to think about the federal debt and very low Interest Rates. Its growing and unsustainable rate. There is sentiment among comp economists for doing anything about that right now. When is a debate about how and how best to address that Going Forward. Had to balance the risk and cost. And too little Public Investment. We look at that issue with the paper posted on our website. By two veterans of economic polic
President outlines why he believes the election will stop. After months of deadlock a breakthrough in peace talks between the Afghan Government and the taliban. And former french president a very just got this town a key architect of european integration has done. U. K. Its become the 1st country to approve the fall as a borrow and take over 19 vaccine for public use it will be administered to high risk groups within days Prime Minister Abbas Johnson praised the scientist for their work on the vaccine but said people still need to be cautious brennan has more from london. The approval of a vaccine almost exactly a year since coded 901st emerged in china is a triumph for science the final trial data for the pfizer buy on tech vaccine was only submitted to the u. K. Regulator the m h r a a week ago but as a result of a process of rolling approval examining data even as the trials were taking place the regulator has been able to move swiftly and confidently to declare it effective and saf