Shutdown . It was hurt. By my calculation, it cost us about 24 billion in g. D. P. , thats the value of all the sthingz we produce. So just to put that into context that shaves about a half a percentage point from growth in the fourth quarter, and i expected the economy to pick up pace but now i think its unlikely. Were stuck in a slowgrowth lackluster kind of environment. Schieffer i guess that lead to my second guess, does the reopening now, will it bring money back in somehow . Could it be recovered during the holidays . Well get a lot of it back. The shutdown was disruptive to lots of different parts of the economy, to trade, to mortgage lending, to and obviously tourist destinations. A lot of that will come back. I think prevading the entire economy is this uncertainty which i think the effects of that are corrosive have been accumulating and obviously given the nature of the deal that were going to take this into next year will continue. Schieffer and what about just sort of how
Plus well hear from republican senator lindsey graham, who urged republicans not to shut down the government. And democratic senator mark warner will be a key player as the two sides look for answers in the days ahead. Well get analysis from mark zandi of moodys analytic. Stuart rothenberg of the rothenberg political report. Gerald seib of the wall street journal, and Michael Gerson of the washington post. The government is back in business, and compg it all is our business because this is face the nation. Captioning sponsored by cbs from cbs news in washington, face the nation with bob schieffer. Schieffer and good morning again. We welcome to the broadcast the Senate Republican leader Mitch Mcconnell. Senator mcconnell, jim baker, the former secretary of state who led five republican president ial campaigns, described this recent brawl over trying to tie the defunding of obamaed care to shutting down the u. S. Government, he described it by recalling the words of a longago candidate
Our least 17 people at killed, including 11 children in a School Shooting in central russia at least 24. This with hello and welcome. Its just gone. 7 am here in moscow, and youre watching our T International with the latest. Well news updates, mondays, peter scott, and thank you for joining us. Now lets look at the latest on the referendums at the taking place in the republics of danielle and luc guns and 2 other regions as upper osha and san is the final day of voting as locals decide on whether they want to become part of russia. Ah, the 4th day of voting so all for regions passing the crucial 50 percent milestone. And that means the moscow will now recognize the results as valid for the highest turnouts in the polls has been done yet. Republic where around 1500000 people cast their vote in little guns for public participation, remain steady with over a 1000000 people voting. While in the hassan approach, regions turn out is roughly at the same level. Beach in 63 and 66 percent, res
And we need it. We need it even for defense, if you think. I mean we need it for defense. We need great steelmakers, great aluminium makers. Connell since then some countries have threatened to retaliate and theres some concern from the president s own party that the move could have a negative effect on the economy. No trade war has ever worked. We dont want to make america 1930 again. And forgotten men and women of america dont want to be drafted into a trade war. Connell Molly Henneberg picks up the story now live from washington. Whats the latest . President trump intends to sign an executive order next week adding a 25 tax to imported steel and a 10 tax to imported aluminium. In part to counter other countries such as china overproducing steel and dumping it on to the u. S. Market. President trump says hes trying to save the American Steel industry and to fight back against an 800 billion dollars trade deficit. The president tweeted today, quote, the United States has an 800 billio
Already expecting a long legal battle. Also coming up the defense and diplomacy gathering donors the big security conference opens a big debate over who should do what in syria afghanistan yemen and other global hotspots the host germany says that it wants to see increased multilateral cooperation. Im sorry kelly welcome to the program u. S. President donald trump has declared a National Emergency to free up funds to build a wall along the mexico border that Emergency Declaration allows the president access to budgets which are usually meant for other purposes mr trump says that he needs about eight billion dollars and hes confident that his administration will defeat expected Court Challenges im tony trump southern border wall was a key promise in his president ial campaign and one that he seems keen to keep. Im going to be shining a. National emergency were talking about an invasion of our country with drugs with human traffickers with all types of criminals and gangs and we fight wa