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
Come whichrevious also been revised higher. There was some expedition that as prices come up because of the fact you can get cheap lending at the moment or cheap borrowing , you would expect that at some have, that would start to an impact on a month by month basis. Nevertheless, the market was looking for this month on month number two actually slow, and that hasnt happened, which is really interesting and the light of what we are starting to see in the employment market. We saw initial jobless claims out a little bit earlier on. Youre starting to see the negative data could begin from the employment side of the economy, starting to come in a little softer. Bloombergs mike mckee joining us now with the details of that. Michael at one point on the housing numbers, existing home sales or closings, so these contracts were signed a couple of months ago when things were a little better in the economy, and we got low mortgage rates, so the one thing the fed has been able to do is stimulate
A Game Changing Distribution Plan for next year and has fans rejoicing and cinema owners down in the dumps. Im told me a lot of boy its good to have you with us venezuela will hold parliamentary elections on sunday but the opposition is boycotting the vote called by president Nicolas Maduro Opposition Leader and head of the National Assembly one guy claims the polls will be rigged to strengthen the duros grip on power this follows years of time all that have seen venezuela become increasingly isolated and desperate. An epic predawn line for gasoline in venezuela shortages widespread hunger broken down institutions all made worse by International Sanctions yet despite it all president Nicolas Maduro has clung to power his nemesis speaker of the assembly and selfproclaimed president won by doe now working from home 37 years old hes made a career out of denouncing maduros policies hes organized the National Referendum after the vote aimed at invalidating the upcoming elections. Of action
Heres stav da naos. Good afternoon. What a wet night it was for some others, Standing Water and localised flooding in places. The rain will be easing, snow in the north petering out, leaving a legacy of patchy, light rain and cloud. Some areas quite cloudy but sunny spells breaking out, like for the east, southeast quadrant, the southwest and northern scotland. Not as mild in the south as yesterday, a colder day for scotland, Northern Ireland and the far north of england. This cold air drifts overnight, showers for North East Scotland and north east england. This new area of rain pushing from the south west will bring persistent downpours, maybe localised flooding, increasingly turning to snow as it bumps into the cold air. Milder across the South West Verses across the north. This weekend, turning colder, we will see some rain, sleet and snow. Cold air across the north of the uk for the last few days will push southwards, we will have a low pressure pushing from the south west, like i