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Does he have the ability to do this, do you agree with the decision . Sen. Schumer i agree with the decision and i know that he will check things out legally. Thank you, everybody. [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] a we take you live to discussion on fiscal policy in the Incoming Biden Administration and congress, hosted by the brookings institution. Size i think is ambiguous and policy occur through a political process. I would rather see something that is a little bit smaller but that could pass this week or next week, rather than wait for something that is a little bit until, but will not pass february. If you look at the output gap, i think a trillion dollars is a reasonable figure for the next round of stimulus. I think democrats should be willing to take a couple hundred billion dollars less than that. Repub ....
With the cares act in march and prevented the covid pandemic from doing even more harm to the economy and welfare of americans than it did. The cares act is essentially been spent, many people are about to lose benefits. Unless Congress Acts. And unless Congress Acts fiscal policy soon will be a drag on growth. They are still more than 11 Million People still unemployed by the official count. Most economists and certainly those gathered here today agree more fiscal support is necessary. Following that discussion, we turn to an issue predating the pandemic him one that persists. How to think about the federal debt and very low Interest Rates. Its growing and unsustainable rate. There is sentiment among comp economists for doing anything about that right now. When is a ....
Point drop for the dow, biggest point draw for s p 500, they are in correct territoryy, off 10 from the most recent high. Traders tell me, there is no good news to have made this market pivot, there is nothing about vaccines that is conclusive, if you look at the dow, biggest, microsoft, and intel and you had apple. Apple and microsoft, saying they will be affected, their sales this quarter by the coronavirus. Microsoft gets 10 of its revenue from china and apple 17 , one bright spot on the dow, only stock higher today, 3m, they make face masks, they are telling we hear selling we hear on a dre market, boxes going for dollars 500, a company saying it reported 14 Million Dollars in sales, normally a box of masks should cost between 3 to 5 dollars. And if you look at groups on s p 500, all 11 closed lower, not one bright spot there. And a backdrop. 3 companies, canceledb biggest events ofs year, microsoft, facebook, epic games. The ....
cancelled, leaving many stranded. adam klotz is bringing the christmas weekend forecast. madelyn is live at the airport, hi, madelyn. good morning, griff and ashley, we have not seen a big pile up, but it is early and things could change. nationwide 2400 flights have been cancelled and 9500 flights delayed so far. the biggest concern in the new york city area are heavy rain, strong winds and icy roads as temperatures drop. outside new york, blizzard conditions through the great lakes and northeast could affect ground conditions at many airports and disruptions could lead to a domino effect. several airlines have been waving fees, but that hasn t helped a lot of people. it is not looking good. they changed my gate, then cancelled my flight. i got to go rebook or refund. we were anticipating the flights were going to get cancelled and we rebooked on wednesday night and rebooked twice back on united this actual. i contemplated driving in case flights got cancelle ....
Captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org and a look right now on a beautiful fall evening in washington, d. C. , a sad day as the president said there. You see the flag at half staff that the president ordered. Waiting in just a moment from now, the house coming back here. Here they are. Live coverage on cspan. Er the. The speaker pro tempore the clerk will report the title. The clerk report to accompany House Resolution 548, providing for cofferings the bill to amend title 18 United States code to protect paincapable unborn children and for other purposes. The speaker pro tempore referred to the house calendar and ordered printed. Pursuant to clause 8 of rule 20, proceedings will resume on motions to suspend the rules previously postponed. Votes listen taken in the following order ....