From milwaukee ended up choosing the wrong house to take an impromptu nap. Hello, im Katty Kay in washington. David eades is in london. The Wealth Gap between Black And White Americans is shocking. On average, white families are a lot ricHer than black families. Joe biden wants to close that gap. In tulsa, oklahoma, he will announce new measures. Its the site of the deadliest Race Massacre in american history. A white mob Killed Hundreds Of Black residents, razed 35 City Blocks to the ground and wiped out thriving businesses. In a few minutes, President Biden will remember the victims of that massacre, and also unveil new efforts by his administration to combat the economic inequality that still exists today. The commitments include a 10 Billion Community Revitalisation Fund to target economically under served communities 15 Billion in competitive grants for neighbourhoods cut off from investment, and also to use the federal governments immense Purchasing Power to sign more Government
Trip, as president s will include the g 7 summer under meeting with the russian president in want of course, in russia brands, and ive seen the valleys anti Corruption Network extremists, the kremlin continues its cracked down on the Opposition Leaders nationwide movement and rolling out the red carpet for a summer time. And the Film Festival usually takes place in february for the panoramic means its been turned into an open question. Ah mm. Im so gale. Welcome to the program. Will begin with a revelation that several of americas richest men have paid little to no income tax. So the recent years investigative journalism unit, pro public says, is a thing. Tax returns showing that 1000000000 has avoided Pain Tax in a completely legal way. A potentially explosive issue in a time of rising inequality. They are the worlds richest men. Jeff phases one ilan musk and they pay less taxes than most people. While living mind blowing, lifestyles pro public revealed that pays those paid no taxes i
Hours. Stock prices are soaring, your own compensation as a stratosphere, the workers are getting a smaller share of the wealth they create and they are working harder than ever. We have a route racial Wealth And Income gap and in the aftermath of the 2008 recession where millions are their jobs, Wall Street made record profits in a pandemic or half a million americans died, we have the highest unemployment, Wall Street still made record profits. I sense a pattern. Like most americans, i want businesses to make money. Some people will be wealthy, that is fine with me. Heres the problem. Under the current system, Wall Street profits no matter what happens to workers because those profits now come at the expense of workers. Your banks are what build that system. We often hear about the invisible hand, but the economy is not physics, it is not governed by scientific laws outside of our control. It is made up of people making choices about values and the society we want to live in. The inv
[ laughter ]. Well, that escalated quickly. Thats right. Harris was not in the mood. Dont be surprised if you see Lester Holt narrating his own episode of dateline. Started out as a normal interview. All right. Well get to that answer from the Vice President and the much bigger, much more complicated problems beyond the border coming up. But first President Biden flies to the uk this morning, leaving behind Infrastructure Talks with republican senators that have now collapsed. He heads to europe to, as Nbc News frames it, meet putin, a pandemic and skeptical allies. A lot to cover. As for covering the president on the trip, though, the plane carrying the white House Press Corp. To europe gets delayed after doing battle with cicadas. Well get to the trip and the insects in a moment. But first, willie, the stalled Infrastructure Talks. Yeah, full collapse. President Biden Talks with a group of republican senators on a sweeping Infrastructure Package collapsed yesterday, shifting the deba
Of his domestic legislative agenda in tatters, that massive Infrastructure Package. The White House pulled the plug on talks with Gop Senator shelley moore capito, citing a lack of tangible progress. She is accused by the president now of moving the goalposts. I think in The End we never got to the scope of what infrastructure is. The president still had in his plan extraneous items that we felt were not exactly physical infrastructure. They kept moving the goalposts on us. So this group pushing for an across the aisle solution. Still, its far from a done deal. The democrats will need to get Joe Manchin On Board, and if the President Cant Move one republican, how will it be to move a group of senators . We start the hour with Nbc News white House Report Shannon Pettypiece And Punchbowl News Founder Jake sherman. A big hello to the two of you. Shannon, the president is heading over seas just as the White House is deciding to go another route to reach an Infrastructure Deal. Is the White