Stay updated with breaking news from Jonathan chase. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
House Correspondent Dinner emcee. Joining me Asa Hutchinson dorris concerns goodwin, alien cooper of the New York Times, and matt bye of yahoo news. William welcome to sunday. Its meet the press. From nbc news in washington this is meet the press. Good morning before we get to all the weeks politics and the discussion of americas drone war one story is dominating headlines across the globe this sunday. Desperate rescue efforts are underway after the worst earthquake to hit nepal in more than 80 years. It struck near the capital, katmandu. The death toll is now over 2,000. It includes 17 climbers who were killed by avalanches on Mount Everest. One nepali journalist said this the sadness is sinking in. We have lost our temples our history history, the places we g ....
For a while Larry Summers withdrew his nomination. Janet yellen was the odds on favorite. Larry summers was in front in the summer and now its back to janet yellen. Now its official. At 3 00 tomorrow president obama in the east room will make the announcement. Ben bernanke will be there. Janet yellen will be there and theyll announce that janet yellen is the first female ever nominated to be the fed chair. Im glad of that. Steve, let me ask you. I know its right off the top of your head. Will there be any changes in a janet yellen fed . I dont think so. I dont think there will be a big change, larry. I think janet has generally supported the policies that the fed has. I think shes felt for a long time that high levels of unemployment have necessitated high levels of Federal Reserve stimulus and i also know that she would probably be a person to run the committee very much lik ....
Unacceptable. Again, we are going to have a thorough and independent review of exactly what happened last night. Right now we are in the process of making sure we get these results out and that is what we are going to stay focused on. Reporter donald trump has suggested that the system is rigged. How do you combat that . How do you assure americans . We have said all along that we are going to make these caucuses the most transparent possible. This year we are reporting out more data than we ever have reported before. In addition to that we have paper trails that we have never had before. Were going to take the time we need to verify these results but these results are being based off what happened in the precincts last night. Reporter are you feeling pressure to step aside . When i ran for chair i made a commitment to see the caucus process through. That is what im working on, that is what i will continue to work on. Whatever happens after that is to be determined. Anyways, thank you ....
Have republicans to leave tax loopholes in place, and youd rather have those and live with all these david, thats just nonsense. If he had a plan, why wouldnt Senate Democrats go ahead and pass it . The house has acted twice over the last 10 months to replace the sequester. If were going to the president got his tax hikes on january 1. If were going to get rid of loopholes, lets lower rates and make the tax code fair for all americans. Lets talk about that for a second because this can get complicated but its an important point. If most republican economists believe that tax loopholes is actually tax spending, its actually spending in the tax code. Thats correct. So if you like defense spending, and thats going to be cut arbitrarily, you would agree that this is stealth responding in the tax code, why not give on this . Why not allow some revenues to come from tax reform, you protect defense spending and unlock the key to gettin ....
Again, and the president has laid this out. He is serious about tackling the longterm spending problems, including dealing with medicare. But he said it here. Theres an iron clad rule that republicans have, no new revenue. Or there can be no deal. David, the president got 650 billion of higher taxes on the American People on january 1. How much more does he want . When is the president going to address the spending side of this . But simpson and boles, who a lot of people around here think its really the paradigm, had a look at longterm Debt Reduction and they wanted a lot more revenue. You say he got his revenues, end of topic, he got 600 billion. You yourself said we got 99 of the bush tax cuts extended. Thats a pretty good deal. So you didnt have to give up a lot for that. Only 18 of the bush tax cuts were rescinded with that 600 billion there was no but wait a second. Yo ....