Announcement. Michael mckee has the details on who will take the job. Michael we have a replacement forecaster, george, he is jeffrey smit jeffrey schmidt, the ceo of the school of banking at Southern Methodist university and will serve out the fiveyear term. He can be reappointed in 2020 six. He will be a Voting Member of the fomc in 2025. Hes a nebraska native, he began his career in 1981 as a field examiner based in the ftse in kansas city and he follows a trend at the Kansas City Fed because Esther George and her predecessor or Bank Examiners, and 1989 he became president of American National and oman moved on to mutual of omaha, the Insurance Company as per german and ceo. He has been running a familyowned bank in dallas, graduated from the university of nebraska, has a Business Administration degree, he is not an economist. He will take office august when he first, two or three days before the Kansas City Feds annual jackson hole symposium begins. So he will be there in time to g
Major funding for the pbs newshour has been provided by moving our economy for 160 years. Bnsf, the engine that connects us. United healthcare online at uhc. Com. And the william and flora hewlett foundation, working to solve social and environmental problems at home and around the world. And with the ongoing support of these institutions and foundations. And. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff our lead story tonight with the clock ticking toward the hour the debt limit is breached, and the government still shut down, a bit of optimism here in washington all but evaporated, and internal disagreement among republicans morphed into disarray. Newshour Congressional Correspondent kwame holman has our report. The focus had been on bipartisan negotiations in the senate. When House Republicans came out of a closed door meeting this morning. There will be no decisions abo
And our story begins here, the speaker of the house, theres no need to adjust your set because this is supposed to be a photo of jim demint. He resigned from the senate back in january and he last served in the senate eight years ago. He might as well based on what happened today the guy who controls the United States house of representatives. John boehner gets to hold the gavel so he controls that but not much more. Jim demint no longer holds any office in this country anymore. He now runs a conservative think tank, even though hes no longer in congress, jim demint might as well be the speaker of the house. Today we entered day 15 of the Government Shutdown, just over 24 hours away of defaulting on our national debt, hitting the debt ceiling and running out of money to pay our bills. There are Tea Party Republicans who say theyre not worried about the thursday deadline for hitting the debt cells. China is calling for a deamericanized world because of the quote intensifying domestic po
Major funding for the pbs newshour has been provided by moving our economy for 160 years. Bnsf, the engine that connects us. United healthcare online at uhc. Com. And the william and flora hewlett foundation, working to solve social and environmental problems at home and around the world. And with the ongoing support of these institutions and foundations. And. This program was made possible by the corporation for public broadcasting. And by contributions to your p station from viewers like you. Thank you. Woodruff our lead story tonight with the clock ticking toward the hour the debt limit is breached, and the government still shut down, a bit of optimism here in washington all but evaporated, and internal disagreement among republicans morphed into disarray. Newshour Congressional Correspondent kwame holman has our report. The focus had been on bipartisan negotiations in the senate. When House Republicans came out of a closed door meeting this morning. There will be no decisions about
Groundhog day only a little scarier and a lot stranger. And our story begins here, the speaker of the house, theres no need to adjust your set because this is supposed to be a photo of jim demint. He resigned from the senate back in january and he last served in the senate eight years ago. He might as well based on what happened today the guy who controls the United States house of representatives. John boehner gets to hold the gavel so he controls that but not much more. Jim demint no longer holds any office in this country anymore. He now runs a conservative think tank, even though hes no longer in congress, jim demint might as well be the speaker of the house. Today we entered day 15 of the Government Shutdown, just over 24 hours away of defaulting on our national debt, hitting the debt ceiling and running out of money to pay our bills. There are Tea Party Republicans who say theyre not worried about the thursday deadline for hitting the debt cells. China is calling for a deamerican