Host you can also catch up with us on social media. Host a very good monday morning to you. The president s fiscal 2016 plan which kicks in october 1, proposes to spend 3. 99 trillion on the budget plan, just under 4 trillion, and projects revenues of 3. 53 join dollars. That would leave a budget deficit of four and 74 billion kit that will be the topic of conversation throughout the this morning on washington journal and is the topic of conversation on the front page of many newspapers. Los Angeles Times budget aims to boost middleclass. Over to the front page of the wall street journal this morning, obama opens bidding on taxes. Front page of the denver post this morning president would find huge projects for corporate with Corporate Taxes is the headline there. This is how the New York Times puts it. Should washington worry about what may be the defining economic issue of the era, the widening gap between the rich and everyone else, or should policymakers primarily seek to address a
Chair will now recognize members from lists submitted by the majority and minority leaders for morning hour debate. The chair will alternate recognition between the parties with each party limited to one hour and each member other than the majority and minority leaders and minority whip limited to five minutes. But in no event shall debate continue beyond 1 50 p. M. The chair recognizes the gentleman from pennsylvania, mr. Thompson, for five minutes. Mr. Thompson thank you, mr. Speaker. Mr. Speaker, the 25 fund act of 1980 required 25 of the tax receipts from timber harvested from the u. S. National forest to be returned to the counties where the tax receipts originated. Since local property taxes cannot be leffveed on federal lands, these dollars along with payment in lufe taxes, or pit funding, are critical in National Forests and other federal lands. This is because the 1908 law specifies that they directly support local schools and road activities in National Forests. Unfortunately
Stay the greatest filt in the world, bar none. Thats what im fighting for. Thats what you and your families deserve. Economist mark bandy says a shutdown that lasts several weeks could reduce the nations gdp by 1. 4 . We will talk more about the shutdown with john harwood in just a few minutes. Also, later this hour, we have congresswoman Debbie Wasserman schultz and congressman Mick Mulvaney debating the issues. Also we have steny hoyer who will be our special guest at 8 00 eastern time. Lets get over to andrew. On to the next potential government crisis, it is, of course, the debt ceiling. Jpmorgan, jamie diamond are expected to meet with the president tomorrow. The white house official tells the wall street journal they will make while theyre in town for one of their annual meetings. Jpmorgans 11 billion settlement of the government mortgage probe became a little bit more complicated. The fdic has now an issue over the responsibility for losses at the former washington mutual. That
2. 64. Our road map begins with with the fax shutting down for the first time in 17 years. 800 federal workers furloughed. Merck cutting an additional 8,500 jobs, aiming to reduce annual operating costs by 2. 5 billion. All of that. Plus more and mad moneys big milestone tonight. First, the federal government has begun a Government Shutdown. 800,000 federal workers will be furloughed today with national parks, smithsonian, museums, most federal offices closing. We mentioned what gold is doing. Why how is the market trying to arbitrage this, jim . I think this is one of the crux of things. Europe is getting stronger, japan had some good things. Futures percolate, this morning they were up 8 and now theyve been cut in half. As theyve been cut in half people say this is a great opportunity again, ill sell again and buy lower. And up opening in the face, this, theres a lot of people who think is going to be resolved by friday. I was with my friend who say do not believe this is going to be
In general, we like to involve the city and city leaders in our announcement of coming to market, and it has been working really well. I know you have Community Managers all over the globe. Whats going on there . Airbnb goes to network effects. We are all over in we are already in 19 cities all over the world. We just provide the tools on line, and local residents throughout the world decide they want to be part of the movement and part of airbnb and list their homes on the site, and local travelers decide they want to go somewhere and look for those. The amazing thing is it is really driven by the global community. We just like to help that along by contributing to Community Events and the ups and educational experiences to help host become better hosts, and quite often, actually, we have events where the travelers who are in town can attend. One such event is happening this thursday. Inh t San Francisco have nominated their favorite destinations, experiences, local businesses, and no