a very good thursday morning to you. i m jim sciutto. and i m erica hill. janet yellen is going to be on the hill where she is going to be talking about the budget, and there is going to be plenty of questions about the budget and she is going to need a calm tone where she tells americans that their deposits are safe. we will bring that to you live. and the moment when a russian jet collided with a american drone causing it to crash into the ocean. we will show you how. we rebbring you to the statf the u.s. economy now. matt egan is joining us, and everybody is paying attention to the secretary this morning and the words, and she is getting out ahead of this a little bit with the words telling americans to be calm and their money is safe. yes, this is a big moment for the treasury secretary and she knows that confidence is a fragile thing, and she knows that it has been shaken by the failures, and she wants the americans to know that the money in the bank is safe, a
remains strong and that the depos depositor s savings remain safe. now to the topic of the hearing, the 2023 fiscal budget. over the past 22 years, the united states has experienced a historic recovery. in january 2021, the company was in the middle of a calamity triggered by the crow na virus pan pandemic, but the president took historic action through the vaccination campaign, and today, our unemployment rate is near historic lows and we have seen the strongest job gains in history. and now we need to navigate the economy transition from rapid recovery to sustainable growth, and this is including bringing down inflation. we have seen some moderation in