That that ratio will continue to rise in an unsustainable fashion , so the addition to the debt taking what is already a significant problem and making it worse is, it is of concern to me and i think it does suggest that in some future downturn which, well, could occur just for whatever reason, the amount of fiscal space that would exist for fiscal policy to play an active role may well be limited. Sam and then victoria. Sam flemming. A couple of longer term questions. First of all midway through the year you talked about issues of whether inflation targets might need to be raised and a lot more debate in the fed system since this. It may not be an imminent issue but is it something the fed should discuss over the coming years some sort of change to the target and second of all the amount of stimulus tools that the fed may have at its disposal in the next downturn strikes are fairly limit limited. One of the incoming governors, Marvin Goodfriend talked about the merits of negative Inte
Well take your calls and you can join the conversation on twitter. Nd is next. N journal [captioning performed by national captioning institute] [captions Copyright National cable satellite corp. 2017] it is monday december 18, 2017. One week until christmas, and the selfimposed deadline for congress to pass tax reform. Good morning and welcome to washington journal. Well spend the first part of the program asking you about the anticipated action on capitol hill this week and passage of the republican tax reform plan. Your message to congress as that. Et set to do heres how weve divided the phone lines for the conversations for the first part of the program. 50,000 a under that. Year. Year the numbers are on your screen. As always we welcome your comments on facebook, cspan and send us a tweet. Well get to your calls momentarily. The headline this morning. A look at the front page of the Washington Times and their preview of the days ahead. Host youre first up this morning. Welcome. Ca
Believed to be in their 20s and at least one of them had a handgun during this crime. Lets show you some video from earlier this morning. You could see an ambulance leaving the scene. We were told the homeowner was injured. We are told his stable at the hospital. Investigators are not saying what took place or what was taken. This is in the fluid neighborhood with homes valued from 3 to 7 million. Just said it was a Home Invasion and i asked if they caught the guy and they said no. I said i need to get through to go to safeway. Just wave at the officers when you go. Its a safe neighborhood, i never heard anything like this happening before. Reporter investigators have been coming in and out all morning long. Banner avenue is back open but no word when deputies are expected to wrap up their investigation at the home. The Sheriffs Office is expected to release more details this afternoon. Reporting live, matt keller, abc 7 news. All right, thank you, matt. New at 11 00 now, travis force
Lawsuit with two men charged in the connection of four murders in bucks counties. And Authorities Say that eight americans were among those killed in a tour bus crash in mexico. And first news from the capital. Congress is expected to get approval for the tax bill before the day is over. President trump is already planning a victory celebration at the white house. But first a procedural hiccup is forcing a revote on the plan. Reporter good afternoon, it has been a busy 24 hours here in washington. President trump and republicans are ready to take a victory lap to tout this change in policy. Take two for the House Republicans forced a revote on the sweeping tax overhaul. And excited House Speaker paul ryan is making the rounds on morning tv. We are certain it would grow the economy the question is the degree. Early this morning the the Senate Passed the 1. 5 trillion theres rewrite of the tax code along party lines. The biggest change in decades. Protests in the chambers. What a disgrac
Operation will extend eastwad, where u. S. Forces are currently stationed. Also ahead, trying to tame corruption in africa. The fight against corruption is at the top of the agenda a at te african unions main annual summit in ethiopia. We ask our correspondent whether the plans under discussion can actually succeed. I am sarah harman. Thanks for joining us. U. S. President donald trump has told leaders gathered in switzerland that america is open for business. But the u. S. Wont tolerate trade practices he sees as unfair. Trump was delivering Closing Remarks at this weeks World Economic forum in doorposts. One of his key messages growth in the u. S. Spells gross for economies around the world. The anticipation was palpable. Politicians and highflying executives waiaiting in line for over an hour to get inside the hall where donald trump would deliver his speech. The first u. S. President to do so since bill clinton two decades ago. And eventually, with plenty of pomp, trump arrived on