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
Theyll inherit. Tension, issues posed by dprk, china, and interpreting all the signs around the region. Our guests this week, john brennan is perfectly positioned to address this critical and evolving set of issues an we are lucky to have him here today. He needs no introduction but let me go through it. Former director of c. I. A. , former director of former principal advisor assistant to the president for counterterrorism and Homeland Security in the white house to president obama, former director of the National Counterterrorism center, career c. I. A. Officer, arabic speaker and author of the bestselling and i would add having read it myself, very interesting book undaunted my fight against americas enemies at home and abroad, he is someone who sits at the nexus of intelligence, Foreign Policy, at the white house, abroad and at langley, also knows a Little Something about northeast asia, the pride of hudson county, i should also add he holds a masters degree from the university of
Ever had. Were a 247365 business, but its enjoyable. We take care of pets, dog boarding, and we have a retail store, and we make a difference in this community for our clients. When covid hit San Francisco, we had a couple of long conversations with the City Attorney, and we were deemed an essential Service Prior to essential workers in San Francisco. We have even repurposed, during covid, some of our space to support rescue dogs clerk hi, caller. This item is meant to be for the proposed continuance of the item, not the item itself. So i should return when after this is continued . Clerk correct. So while basically the time to talk about the project itself would be if the commission continues it to december 3. I see. Okay. I apologize. Clerk no worries. Chan, well take the next caller. I dont see any other callers. Clerk great. Commissioners, i just received word that the liberty street discretionary review, site 13, 2020007450drp02, at 428 liberty street, is proposed for continuance.
Furman, who was across from chair yellen years ago at the councils of economic advisors. It will be fascinating to see what she does in a very different job. The headline is she has to do with congress and the senate. Jonathan and she is conditioned by the experience of the previous cycle, and i think that is really important. This is about avoiding a premature declaration of victory. Chair yellen has lived that, and im sure she wont want to make the same mistake twice. Tom i am really focused on the department of defense after the chaos we have seen over the last number of weeks, so that will be an important announcement as well. The backdrop here is maybe the clearing of uncertainty, and look where the markets are moving. , 3600. N on the s p 500 64 off the is up march bottom. On a long chart, it is actually a very elegant chart with all sorts of good features. You really Wonder Within the debate of those good conversations opening the show, you really wonder what the next leg is. Th
Subcommittee will reconvene. Hearingthe most clunky ive ever participated in, let alone chaired and that is saying a lot for the United States senate, so i apologize for our way to our witnesses, but to all who are paying attention, how challenging it has been with the series of votes. Senator cantwell is next to question. Cantwell thank you for inviting a witness that is both in kansas ander a Washington State residents to boot. I do want to work with you on the manufacturing workforce workforce issue that you and senator warner introduced keeping the supply chain and aviation manufacturing. I appreciate this hearing and i know we are dealing with an increase in the number of cases and challenges we face. Im very proud our state has kept our rates of infections and hospitalizations down, and appreciate the ongoing efforts but im also impressed by the manufacturing efforts in our state. Everybody working together. Outdoor research converted one of its seattle facilities into making sur