Consequential moment in american history. The more voices we can have in this sphere, the more beneficial it will be in the long run. Major funding for the pbs newshour has been provided by moving our economy for 160 years. Bnsf, the engine that connects us. These are people who are trying to change the world. Startups have this energy that energizes me. I am thriving by helping others every day. People who know know bdo. The Walton Family foundation, working for solutions to protect water during Climate Change so people and nature can thrive together. Supported by the john d. And catherine t. Macarthur foundation, committed to building a more just, verdant, and peaceful world. More information at macfound. Org and with the ongoing support of these institutions. This program was made possible by the corporation for public broadcasting and by contributions to your pbs station from viewers like you. Thank you. Geoff welcome to the newshour. The federal government is edging closer this ev
We are in a very consequential moment in american history. The more voices we can have in this sphere, the more beneficial it will be in the long run. Major funding for the pbs newshour has been provided by moving our economy for 160 years. Bnsf, the engine that connects us. These are people who are trying to change the world. Startups have this energy that energizes me. I am thriving by helping others every day. People who know know bdo. The Walton Family foundation, working for solutions to protect water during Climate Change so people and nature can thrive together. Supported by the john d. And catherine t. Macarthur foundation, committed to building a more just, verdant, and peaceful world. More information at macfound. Org and with the ongoing support of these institutions. This program was made possible by the corporation for public broadcasting and by contributions to your pbs station from viewers like you. Thank you. Geoff welcome to the newshour. The federal government is edgi
Young was among the speakers. An hour and 45 minutes. Hi, i know everybody is excited about the budget scoring, but im asking to ask everyone to take their seats. Thank you all so much for coming, particularly on an intermittently rainy friday afternoon. We are so excited to be here for the launch of the budget lab. My name is marcy gimble, im with our chief economist and president , our hope is to bring attention to the way that budget scoring is an incredibly important part of the policy process, bring a new perspective with focus on innovation and transparency. Were incredibly excited for danny to get up here shortly and share some of the research that weve been working on. Before i do that, im going to briefly embarrass our team by pointing them out because without them this would not have been possible. We have rich, our director of policy analysis, ernie our director of economics, john rico, associate director of policy analysis, harris epsteiner, associate director of economics.
The backdrop, the strong economy, that is leading to a surge in travel, period, but tax reform doesnt go through then what . Lets go to scat martin who has been crunching numbers on the then what possibilities, what happens then, scott . Neil, i think we see a pullback and i think we see a pullback and a surely equity prices, anticipation of tax reform, Regulatory Reform to some degree we have seen and equity prices have responded positively and youre also going to see pullback in consumer spending. The nice thing Going Forward for us is the following, 401 k balances are on record, great year that makes you confident and probably more confident in your job than a year or two ago, thats likely going to make you take out the wallet as you go to holiday spend, without fax reform, that momentum likely doesnt continue. Neil a couple of different reads on this. Youre probably taking them all in. Morgan stanley saying, you know, to a point we have been debating, be careful what you wish for b
So you know i always think about truth as an installment to have to come up again sometimes. Okay, just say no. This is for all three of you. One opportunity space you challenges, opportunities, how do you make a decision no im not going to take on that card or they dont like the product even though they want me to be the boys. Note this job is really not for us because there is more to this. We still have some basic principles about what youll taken what you wont take, what works and what doesnt work for the quality of your project and your team. If youve got a baghdad check, dont do it. I still think there is a level of integrity levels of decisionmaking that you know if you are headed down the wrong path for a right path. Youve got to stop yourself and say this isnt worth it. Ill go to the next client for the next opportunity. There have been times in my life where he made the decision i make it halfway down the path and this isnt going to work out. He started stop yourself at any m