Increased 5. 4 over a year earlier. Senate committee of banking will come to order. Today our economy is growing because of the american Rescue Plan. In the bidenharris administrations leadership. Putting shots and money in pockets families have extra to pay the bills. Beginning today, july 15th, most parents will see a 250 or 300 monthly payment in their Bank Account for each child. In my state 92 of children are eligible. Small businesses are reopening their doors. Workers are safely going back to work at higher wages. Last month we added 850,000 jobs to the economy since biden took office. We gained 3 million more jobs, more than in the first five moves any presidency in modern history. Not only the jobs numbers but theuality of these jobs. For the first time in decades workers are starting to gain some power in our economy, the power to negotiate higher wages, the power to get better working conditions, the power to have more control over their schedules and stronger benefits, and
That is a discussion we are going to be having on an ongoing basis. We talked about some of the things at the last meeting, and we will talk about them of the next meeting a couple of weeks. Sen. Toomey i think that is important. Let me close with a question on a central make digital currency. During your testimony yesterday, i sensed what i wasnt sure, but thought might be a change in your tone about the virtues of a central bank digital currency being issued by the fed. One of the things you said yesterday if that one of the stronger arguments in favor of a cbdc is that you wouldnt need stable coins if you had a stable u. S. Currency. Isnt the reverse also true . If you have stable coins, cryptocurrencies and use, then maybe theres no need for a central bank digital currency. It is my view that the development of a central bank digital currency by the fed would require congressional authorization. I wonder if you share that view. Secondly, it is still not clear to me what problem a c
The u. S. Economy, inflation, and u. S. Labor shortages. He took questions from the senate banking committee. Senate committee of banking will come to order. Today our economy is growing because of the american Rescue Plan. In the bidenharris administrations leadership. Putting shots and money in pockets families have extra to pay the bills. Beginning today, july 15th, most parents will see a 250 or 300 monthly payment in their Bank Account for each child. In my state 92 of children are eligible. Small businesses are reopening their doors. Workers are safely going back to work at higher wages. Last month we added 850,000 jobs to the economy since biden took office. We gained 3 million more jobs, more than in the first five moves any presidency in modern history. Not only the jobs numbers but theuality of these jobs. For the first time in decades workers are starting to gain some power in our economy, the power to negotiate higher wages, the power to get better working conditions, the p
good morning. time it running out to find survivors in the rubble of the deadly quake, the one that s taken nearly 5,000 lives so far in turkey and syria. cnn is there. madam speaker, the president of the united states. [ applause ] we re live on capitol hill where tonight president biden will deliver his state of the union address. what he ll focus on and who will be in attendance. the spy balloon from china, new cnn reporting reveals why the trump administration apparently didn t notice spy balloons over the united states during their term. new this morning, ukraine hints at the ability to strike russian territory. another significant escalation in the nearly year-old war. also here on capitol hill today, a hearing into the nationwide travel issues, including the near miss between a fedex plane and southwest flight that came within 100 feet of disaster. cnn this morning starts right now. we are going to begin in turkey and syria where countless people are st
times of tragedy in times of crisis, they stand up and they show up. mississippi s governor visits a town flattened by a powerful tornado for the neighborhoods that were leveled . the recovery is only just beginning. political turmoil in israel, benjamin netanyahu is under pressure from his own government to halt plans on judicial reform. now we re hearing an announcement on that could be imminent. we alive in televisa and jerusalem. with the latest and the manhattan grand jury is expected to continue its investigation and donald trump later today we will ask our political analyst if an indictment is likely. live from cnn center. this is cnn newsroom. with rosemary church. good to have you with us, and we begin this hour in the southeastern us, where millions are under the threat of more severe storms, bringing large hail and damaging winds to areas already struggling to recover from an earlier rash of storms over the weekend, at least 10 confirmed. tornadoes strike mississip