4 Burst results for "Andy Durham"
WTOP
"andy durham" Discussed on WTOP
"On political grounds and to end the draconian crackdown on freedom of expression. A Moscow court is set to hear an appeal on Tuesday that could decide where he is held or to grant him bail. Pamela fault, CBS News at the United Nations. The U.S. ambassador to Russia tweets today she has visited gershkovich at the Moscow prison where he's being detained and that he is in good health. Today on the hill is brought to you by the coalition for affordable prescription drugs, protecting consumers from pharma's high drug prices. House speaker Kevin McCarthy laid out his demands for raising the country's debt ceiling today. The Wall Street Journal's Andy Durham in details the McCarthy's conditions. You laid out three basic demands for how this should happen. He thinks that federal spending should be reverted back to last year's levels and then afterwards capped at only 1% more spending per year for every year after that. And then he thinks that unspent money from the COVID-19 pandemic should be rescinded basically and put back into federal coffers. And then third, he thinks that federal benefits like Medicaid should be able bodied Americans without children should have to work to be eligible for those benefits. During who joined us earlier here on WTO he says he doesn't expect much movement on the dead ceiling until lawmakers start feeling the heat of a potential national default. Coming up in money news after traffic and weather. And historic shift for the nation's housing market. I'm Jeff Gable. And Senate minority leader Mitch McConnell returns to the Senate after being hurt in a fall. 6 36
WTOP
"andy durham" Discussed on WTOP
"Today on WTO new this afternoon, a former fairfax county police officer who shot and killed an unarmed man. Accused of stealing designer sunglasses back in February will not face criminal charges. Prosecutors have been pursuing charges against Wesley shift, but that effort came up short today. Wesley Schiff lets attorney Caleb Kirchner tells WTO that fairfax county prosecutors were hoping for charges of involuntary manslaughter and reckless handling of a firearm, but that is not moving forward. The grand jury rejected that indictment and found that there was not sufficient evidence. There was not probable cause. Prosecutors now need to decide whether they want to continue pursuing the case. Shiflet shot and killed unarmed Timothy Johnson after police say Johnson stole sunglasses from Tyson's corner center and ran away from officers, shiflet was subsequently fired from the police department. Nick and Ellie WTO P news fairfax county Commonwealth's attorney Steve tuscano is speaking out on this, he says he's shocked the grand jury chose not to indict shift. Descano adds, he's exploring all options moving forward in the case. The Justice Department says two men have now been arrested on charges they helped establish a secret police outpost in New York City on behalf of a Chinese government. Here's assistant director of the New York FBI field office Mike Driscoll. This our belief that the ultimate purpose of this illegal police station was not to protect and serve, but rather silence, harass, and threaten individuals here in the United States. And particularly those expressing views, contrary to the Chinese government. The outpost was one of more than 100 Chinese police operations around the world that have unnerved diplomats and intelligence officials, the case represents the first time criminal charges have been brought in connection with the Chinese police outpost here. Now to the war in Ukraine, the conflict is continuing to claim the lives of founder and chairman of continuing to claim the lives of innocent victims a two year old boy was one of more than a dozen people who were killed in Slovaks over the weekend after Russian forces attacked an apartment building with missiles. In the meantime, NATO haunted by the atrocities that have taken place in Ukraine has made a major change to prevent atrocities like those from happening on NATO soil. WTO national security correspondent JJ green joined us earlier with more. After the Cold War ended NATO's plan if Russia invaded a member country was to have that country's forces fight until help arrived. It was called deterrence by retaliation. But now, because of what took place in the early days of the war in Ukraine, the atrocities in bucha in mariupol cremators and other places deterrence by denial is the plan. According to The New York Times, frontier states like Poland and the Baltic countries no longer want to risk any period of Russian occupation. So moving forward, there will be more troops based permanently along the Russian border. More integration of American and allied war plans and more military spending and more detailed requirements for allies to have specific kinds of forces and equipment to fight. That's WTO national security correspondent JJ green. The U.S. ambassador to Russia has finally been allowed to visit The Wall Street Journal reporter who's being detained on spy charges, Evan gershkovich has been in a Russian jail for more than two weeks ambassador Lynn Tracy says on Twitter. She is in good health and remains strong. She also reiterates the Biden administration is calling for his immediate release. The U.S. says he's being wrongfully detained. Russia says a possible prisoner exchange could take place, but only after the trial is over. Little to no movement. That's the word on negotiations around raising the U.S. debt ceiling House speaker Kevin McCarthy went up to Wall Street today where he publicly pitched a one year debt ceiling increase in exchange for a freeze on spending. Despite that pitch, little ground was made, the Wall Street, journal reporter Andy Durham explains why. The pattern with these types of negotiations is that people only really start moving towards each other when they start to feel the heat. And so I think we're still not really sure when the debt limit will really be breached. And so I think we may not really see any move towards real compromise until it's certain that this is going to happen that this could happen very soon and people start to really worry about the consequences of not reaching a deal. A failure to raise the dead ceiling would cause catastrophic economic consequences. Well, tomorrow is the deadline to file your taxes. The IRS says service has been improving. The IRS says it has answered 2 million more calls this tax filing season than a year ago, with the average wait time at four minutes. That's down from nearly a half hour during the 2022 tax season, the higher rest as it has served more than a 100,000 taxpayers in person. This tax season. And CBS correspondent Jim Crow, additional funding from Congress has allowed the IRS to clear our record backlog of unprocessed 2022 individual tax returns. Now here's what's ahead on 7 news this evening. Good afternoon. I'm 7 news on your side's Allison starling. Tonight at 6 and only on 7 news, a warning to apartment residents in Arlington, about a predator who wanders the halls looking for unlocked doors. We hear from one woman who managed to fight him off, plus we have images of the suspect inside one of the buildings. Also, more on the grand jury decision, whether to prosecute a fairfax county police officer, involved in the fatal shooting of an unarmed Tyson's corner shoplifting suspect. That's tonight on 7 news on your side at 6. Coming up after traffic and weather. The D.C.
WTOP
"andy durham" Discussed on WTOP
"Now through May 19th, WTO will choose one local athlete in the DMV to be featured on air and online for their contributions to their community and to their team. Visit WTO P dot com, search player, to nominate today, WTO's player of the week program is sponsored by Main Street bank. Bank where you breathe. M street bank dot com. Everything you need every time you listen. News. This four 15 I'm Kyle Cooper. And I'm Sean Anderson. Thanks for being with us. We have less than two months before a potential economic disaster if the debt ceiling is not raised in House speaker Kevin McCarthy has used a speech before the New York Stock Exchange today to express his latest thinking on negotiations with The White House and other Democrats. Well, joining us live Andy Durham, who covers the Treasury Department and economic policy for The Wall Street Journal good to have you thanks so much for joining us. Thanks for having me. So McCarthy says he and his fellow Republicans plan to pass a measure that would raise the debt ceiling, however there is a catch involved. Tell us what de McCarthy was saying to the NYSE today. Yeah, so speaker McCarthy was in New York on Wall Street to offer his pitch for how the debt limit should be raised later this year. And so he laid out three basic demands for how this should happen. He thinks that federal spending should be reverted back to last year's levels and then afterwards capped at only 1% more spending per year for every year after that. And then he thinks that unspent money from the COVID 8 COVID-19 pandemic should be rescinded basically and put back into federal coffers. And then third, he thinks that federal benefits like Medicaid should be able bodied Americans without children should have to work to be eligible for those benefits. So those are kind of the three main demands he laid out in New York this morning. Well, so Andy from those you've been in touch with is this part of McCarthy's negotiations on this or is it a smart move to use a public speech to make a deal like this? So I think a key piece of context in all of these in this story so far is the fact that House Republicans have not passed a piece of legislation or really offered a unified plan so far for how they want the budget to evolve and exchange for raising the debt limit. And so obviously Kevin McCarthy is the Speaker of the House and so he is laying out. What seems to be House Republicans position, but House Republicans have not prepared a kind of fulsome budget and are not really planning to offer one any time soon. And so I think this today marks a further attempt by House Republicans and Kevin McCarthy to really formalize a House Republican position and that's something that Democrats in The White House say that they want to see before they even really take anything that Republicans are saying seriously. That until there is a solid Republican position, Democrats are not going to negotiate against themselves until they see that Republicans are actually able to come up with something that they all agree with. And our final 30 seconds here from what you are seeing in covering this. I mean, is it likely there will be some kind of debt ceiling deal reached or are we headed for some kind of disaster? I think this will the pattern with these types of negotiations is that people only really start moving towards each other when they start to feel the heat. And so I think we're still not really sure when the debt limit will really be breached. And so I think we may not really see any move towards real compromise until it's certain that this is going to happen that this could happen very soon and people start to really worry about the consequences of not reaching a deal. All right, Andy dorn, who covers the treasury for The Wall Street Journal
WTOP
"andy durham" Discussed on WTOP
"The federal government could be at risk of a payment default as early as July if the debt limit isn't raised. That's the warning tonight from the nonpartisan congressional budget office. The CBO put out this estimate and its outlook for the federal deficit and economy in the next ten years. It all comes as Congress braces for a fight over raising the debt ceiling, which would allow the government to continue paying its bills. Well, joining us live to talk more about this, Andy Durham, he covers the Treasury Department and economic policy for The Wall Street Journal and good to have you tonight. Thanks for joining us. Thanks for having me. So this is more or less in line with what we knew that lawmakers must come up with a deal by spring or early summer. Is this interpreted as a reminder that this should be handled sooner rather than later? It certainly no surprise to anyone on Capitol Hill that the debt limit needs to be raised sometime in the next few months. What was interesting about the forecast today, which is something that the CBO produces on a regular basis when Congress must raise the debt limit or faces the possibility of having to raise debt limit. Is that there is maybe a little bit more time than some other forecast had suggested before. The Treasury Department treasury secretary Janet Yellen, she had said, last month that the debt limit needed to be raised by possibly as early as early June. And so this forecast pushes the timeline back a little bit from what the Treasury Department had forecast previously. Now, as everyone knows, Republicans want to see significant cuts before they agree to raise the debt ceiling. If that doesn't happen, if there's no agreement on this, can you talk about what the consequences would be to the economy? So the consequences of not raising the debt limit in time could be wide ranging and profound. So one of the most concrete consequences would be the financial market reaction to the possibility that the U.S. would not make its payments on its debts to bondholders. U.S. government treasuries, U.S. government securities are a safe haven asset for financial markets across the world. And so the possibility that those assets would no longer seem so safe could have a ripple effects across not only financial markets, the United States, but across the world. And so you could see huge downturns and bond markets and stock markets and you could see that ripple out to the real economy in terms of interest rates on everything from car loans to mortgages to credit card loans, things like that. And then on top of that, if the U.S. government didn't make its payments to social security recipients and contractors and other people who receive money from the government regularly, there would be an economic impact there in terms of people not having those payments on time either. So there are a lot of different ways that things could go wrong if the government defaulted on its debt. Something we will be talking more about in the days and weeks ahead, Andy, thanks for joining us tonight. Thanks so much. Thanks for having me. Andy Durham covers the Treasury Department and economic policy for The