Advisor of the Trump Campaign manager 2016, and author of the mics. Trumpeno how would you describe the state of the economy right now . Guest merry christmas. I love cspan and i love what you guys do. This is a great time to talk about the economy. This is the best economy, arguably, we have seen in your and is lifetimes. We have the lowest unemployment black americans and hispanic americans and asian americans. , middlerising wages incomes are up 5,000 in the last three years. We are seeing a real rising tide that lifts all boats. The lowest Interest Rate and inflation rate. It is hard to see much to complain about in this economy and i was with the president on er,sday with arthur laff and we were talking about the economy. And i said, this stuff is working better than i thought. It is a great time to be american, it is a great time to be looking for a job. Lets hope we can keep it going. Host do you and the president have concerns looking at the economy heading at the 2020 . Guest
At book christ in crisis. Nine a clock a. M. , the Heritage Foundation on the trump administrations economic record and how it could impact the 2020 election. Trumps economic record and how it could impact the election. Host good morning. It is tuesday, december 24. A3 hour washington journal is ahead. We will begin by getting your view on the legacy of the Affordable Care act. It was 10 years ago today the Senate Passed legislation some dub obamacare. We want to know what the impact has been on your family and your community, phone lines are on your screen. Republicans, 2027488001. Democrats, 2027488000. Ndependents, 2027488002 you can also send us a text message this morning. That number, 2027488003. Onerwise, catch up with us social media. On twitter it is cspanwj. On facebook it is facebook. Com cspan. Morning, youuesday can start calling in now as we take you back to 10 years ago, this was president barack obama at the white house the evening after the senate held that vote, a par
Director to discuss congressional term limits. 7 00 eastern, tuesday morning. In the wall street journal, Kate Davidson joining us on the phone. We are talking about your story how washington learned to love , debts and deficits. Tell us, first of all, this picture, one of the pictures that accompanies the story, of Vice President al gore, president bill clinton in 1999, and zero federal budget deficit. Why is that tell us why thats important to this story as a starting point. Reporter sure. Thanks. So that was a really interesting moment in the u. S. Economy. It had been at that point 30 years, 30 or 40 years, 30 years since there had been a surplus in the country. And there were a number of reasons why that happens. President clinton had worked with republicans and democrats in congress, there was a big bipartisan effort to bring deficits under control. Host you and john both right in this piece that the less concerned right now about budget deficits and debt is on both sides of the
future of the program remains in jeopardy for hundreds of thousands of people that call america home. we ll talk to one of those dreamers later this hour. we begin with the efforts to bring down the skyrocketing prices we re paying for gas, groceries, and many other items. in a few hours from now the federal reserve is expected to announce its third interest rate hike this year. raising a key interest rate by three quarters of a percent. that s the largest increase since 1994. this comes as president biden looks at other steps to try to reduce the highest priced spikes in more than 40 years. the president sent letters to seven energy companies asking them to explain their record profits, as well as a drop in refining capacity helping to drive up gas prices. he also says he s prepared to use emergency authority to increase refinery capacity and output in the near term. the new york times reporting the president is also considering rolling back some of the tariffs preside
Year, but the numbers seeing five. Hikes is now at so still below there. As for inflation, some people closely at the fact that the fed talking about the goal is symmetric. The fed notes in its policy is ements that inflation near 2 , the core just below 2 inflation to stabilize around 2 . As for the economy, the forecast not change very much. Unemployment is 4. 5 for this two. And the next weve got gdp growing at 2. 1 in 2017 and in 2018. Again, the only change on the forecast from december is that the core is seen rising to 1. 8. Rom so now big changes there. Neal, of course, has been the reason he has been in favor of not changing when he looks s at wages, when he looks at average Hourly Earnings, index and more, he sees forces that are not inflation higher, wages arent rising that much. In the policy statement, the measures of labor the nsation remain low, so fed acknowledges this but seems to be pressing forward regardless in terms of hiking rates, again, looking for three rate hi