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
If there is a change in administration after november 3 . Brendan thank you so much, peter, for having us on. There are five of us. We serve staggered terms. Every year, one member of the commission is up for renomination confirmation by the senate. And that process continues irrespective of the outcome of the election. For instance, my term runs through 2023. And i can hold over for a longer period of time and i will continue to serve regardless of the outcome of the election. Rep. Lee peter and with Michael Orielly not being renominated by the president , if there were a change in the administration, you and sherman pie would be the two chairman pie would be the two republicans, correct . Brendan thats right. Michael orielly has served for a long time. His term expired a year and a half ago. Were allowed to stay on until the end of this congress. When were in this situation, that will push his term will come to an end. Commissioner pye and myself will continue to serve. Peter now to
Little bit of time to prepare for this interview, i want to start because you wrote a piece in 2017 the unloaded pretty strong on President Trump for various overreach in the exercise of executive power and now youre presenting him as a defender of the Constitutional Order regarding president ial powers, i want to ask you what changed your vehicle, how did you move from where you were before to what you have presented in your new book . Thank you for inviting me too come along with you and we are looking forward to this conversation and as you know ive been a meyer on your work with executive privilege, that should be a lot of fun, i started out weary and President Trump, was not a supporter in the 2016 election and the thing that worried me is he was a populist and constitution seems designed to stop populace. It is fairly antidemocratic in nature in a lot of ways like the senate and judicial review in the Electoral College, the presence of the states as important parts of the constit
Can you see. T the Housing Market continues to thrive in the u. S. , Manufacturing Activity is recovering it jumped to a 19month high comparable data out of the eurozone and japan. Familiar names leading us up apple is up 5 market cap just hit 2 trillion earlier in the week. Its more than onetenth of the way to three trillion already. Incredible move for that stock with 59 minutes left in the trading day. S p 500 as we just showed you, up 0. 4 on pace for a record closing high speaking of apple, by the way, we have breaking news this hour on the companys fight with epic games. Josh so apple just responding with a legal filing the two epics charges. They alleged exactly the same things will all of the legal theories apple is saying here will fail as a matter of competition the motion will fail because they need to show the balance of equities and Public Interest are in its favor in fact, the factors favor apple. Apple goes on to say that epic knew full well that in circumventing the pro
Acting customs and Border Protection commissioner mark morgan testified the Senate Homeland security and government official. Pretty discuss the challenges they coronavirus pandemic posed to his agency including passenger travel restrictions. The hearing will come to order. Im looking at the title of this hearing. Cbp oversight unit i was talking to mr. Morgan earlier. Wondering if he wouldve broken of four told the future before he took this position. He wouldve done so. Is been challenging yes. Crisis after crisis after crisis. So first want to say i want to thank the witnesses mr. Morgan or your perseverance and your service to the nation. About the past and present and in the future. Things are not getting a whole lot better anytime soon a fear. I would ask consent to my Opening Statement be entered into record. This hearing on the border that we have not had of quite a few months. Obviously need to is a chart. This really what i want to talk about in my opening comments. I think c