35 Burst results for "National Economic Council"
Bloomberg Radio New York
"national economic council" Discussed on Bloomberg Radio New York
"There's a lot that we need to get right. There's a lot that needs to get done well in that context. But I think that's going to be the principal set of tools that the economics and the president will have. Right. And I'm sure it's time for you to reflect back on what you've been doing here for the last two years. What are you proudest of as you look back in the accomplishments? Well, yeah, you're like, I'm proud of this team. I'm proud of this president navigating through a historically unprecedented period of time. I think the historically strong and equitable nature of this labor market recovery and this recovery over all is something that, you know, I think that the American people should take pride in. We've defied a lot of odds and also the fact that it was not it was not a straight line. We talked about it a lot over the course of time, but that we were able to get these three big pieces of legislation on infrastructure, chips, inflation reduction act that I think will provide a long-term public investment support to help increase productive capacity in parts of our economy that we have failed to invest in for too long. And I really think that even as we look across the short term economic dynamics that obviously we're talking about here over the medium term, those investments in the country in building our industrial capacity. I quite hopeful will bear real fruit. And that was the director of the national economic council, Brian deese, speaking with David west and on Bloomberg's balance of power, you can hear the full interview on Bloomberg dot com on the Bloomberg business app. And of course, on the Bloomberg terminal. Stay with us. We'll have more on the outlook for the travel economy in a conversation with the CEO of Airbnb, Brian chesky following positive earnings in the latest quarter. Futures this morning are little changed S&P futures are down three points down futures down 19 and NASDAQ futures little changed as investors await the latest read on inflation in producer prices coming out later this morning. Stay with us. You're listening to Bloomberg daybreak. Even and now another no brainer money saving tip from progressive. Marcus, what happened? I was changing my oil and I spilled some on the floor. Wow. We'll use these $50 bills to wipe it up. Perfect. Got any more? Yeah, yeah, take a couple hundred. Stop. Instead of using money, use
Bloomberg Radio New York
"national economic council" Discussed on Bloomberg Radio New York
"Up two tenths of a percent or 20 points in the ten year treasury up one 32nd. He had 3.69% Nathan. Karen, we begin with the key inflation report that markets have been waiting for January's consumer price index is due out at 8 30 a.m. Wall Street time. We get a preview from Bloomberg's Michael McKee. Starting with the good news, headline inflation is forecast to have fallen again in January. But that's because of base effects, the fact that it was higher last year at this time. The bad news is on a month to month basis, January prices likely rose at a faster pace. Some things like gasoline and used cars rose in price. But the government is also rejiggering its seasonal adjustments to the weight it puts on various sectors. That will give the CPI a statistical boost. Bottom line markets in the fed will likely look through the report, anticipating some reversion this month. The fed doesn't meet again until March 22nd. Michael McKee, Bloomberg daybreak. Right, Mike, thanks, while we turn to The White House now, and it looks like President Biden is set to pick a new top economic adviser. We get the latest live with Bloomberg, Steve rappaport, Steve good morning. Good morning, Karen and Nathan. President Biden is Tapping Federal Reserve vice chair lael brainard for the job with an announcement coming as soon as today, according to people with familiar with the matter. As director of the national economic council, brandard will have a prominent role as the administration shifts focus to the implementation of laws such as the inflation reduction act. Her appointment to succeed NEC director Brian D's creates an opening on the Federal Reserve's board of governors as the Central Bank continues its campaign of pursuing aggressive interest rate hikes. Live in New York, I'm Steve rappaport, Bloomberg daybreak. Okay, Steve, thanks turning to Europe. We're seeing wages in the UK rise more than expected. Let's go live to London and get the very latest with Bloomberg's Ewan Potts. Good morning, Ewan. Good morning, Nathan and Karen average earnings in the UK excluding bonuses rose 6.7% in the three months to December from the previous year, ignoring the pandemic, that's the fastest pace since records began in 2001. The reading another sign of Britain's tight labor market will provide ammunition to bank of the policymakers to hike rates again next month. The latest inflation data comes tomorrow. In London, I'm mu and pots have been booked daybreak. You and thank you and Asia today, the yen is rising as kazuo oeda has officially nominated to helm the bank of Japan, analysts say the move will likely pave the way for a gradual pairing back of his Central Bank stimulus program and checking the yen now is it one 32 O 9 against the dollar. Now let's get to the latest developments on the China balloon incident. Washington and Beijing are weighing whether to hold a diplomatic meeting on the suspected spying device in the coming days. Amy Morris has details from our Bloomberg 99 one newsroom in Washington. Sources tell Bloomberg news that Secretary of State Antony Blinken is considering a meeting with Wang Yi, China's top diplomat had a security conference later this week. This would be their first face to face talks since the balloon uproar that led to a new spike intentions, senior officials say they have nothing official to announce. Blinken had called off his trip to Beijing last week after the U.S. identified the alleged Chinese spy balloon hovering over U.S. airspace. The U.S. says that balloon, which was shot down off the coast of South Carolina, was part of a global surveillance system since then three more objects have been shot down. In Washington, I made me Morris Bloomberg daybreak. Amy, thank you. The U.S. Military says it's recovered significant debris from the suspected spy balloon, but there's still a lot we don't know about the other objects taken down over the U.S. and Canada. That's according to Republican congressman dusty Johnson of South Dakota, who sits on the house China select committee. He wants to know more about China's motivations. Are they trying to probe our defenses? And is this the kind of traffic that's always been there and we're just doing a better job of catching it now or is this a new and perhaps more nefarious stage in the relationship between us and whoever's sending them? And Republican congressman dusty Johnson spoke with our Washington correspondent Joe Matthew on Bloomberg sound on, catch the show weekdays at 5 p.m. eastern on Bloomberg radio or listen anytime on demand wherever you get your podcasts. Let's take a look at the oil market this morning
The Breakdown
White House Publishes 'Roadmap' to Mitigate Cryptocurrency Risks
"All right guys, so like I said today is a fallout day. This year was always going to be a tough one following up the institutional failures and frauds of last year and we are definitely seeing that across a number of different stories. And where we'll start is with The White House. Last week, The White House published a note entitled road map to mitigate cryptocurrencies, risks. It was co signed by the national economic council director, The White House office of science and technology policy director, the council of economics advisers chair, and the national security adviser. The note walked through the tumultuous events of last year and reflected on what has been done since the Biden administration's landmark crypto executive order in March of last year. It also laid out the work that still needs to be done to improve regulatory safeguards for the industry. The note pointed out that agencies ranging from the SEC and the CFTC through the FDIC, have increased enforcement efforts surrounding industry issues. It also noted the recent joint guidance issued by banking regulators that focused on the need to separate crypto assets from the broader banking system. Now regarding things that still need to be done, the administration says that they will be issuing a statement on priorities for digital assets research and development shortly, which will focus on the need to provide consumer protection by default.
Bloomberg Radio New York
"national economic council" Discussed on Bloomberg Radio New York
"We start today at The White House. We're waiting for President Biden who is scheduled to give some remarks about those M1 Abrams tanks that we'll be heading over to Ukraine. We will bring those remarks to you live when they happen. But that's not the only thing happening on The White House right now. There are reports, maybe about a change in the director of the national economic council. And for that, we turn to our Washington correspondent Anne Marie Horton, who is at The White House. Well, tell us about lael brainard. Yeah, so David, the number two at the fed might end up becoming the number one voice in the west wing when it comes to economic issues, lael brainard, her name is really at the top of the short list who is going to replace Brian deese, interviews are still ongoing. They have not made a decision yet. We should also note obviously there's other shake ups. We do have the chief of staff as well looking to exit. We know that mister Zion's will be taking over for mister clane. No one is leaving before February 7th but lael brainard is at the top of this list. I'm sorry Anne Marie. Emory, the only reason I understand is for the president of the United States, he's now in The White House. He's about to speak. Yesterday, Mark. 11 months since Russia's brutal full scale invasion of Ukraine. 11 months in which Ukrainian people have showed Putin and the world. The full force of their courage and the abdominal determination to live free. And through every single step this horrific war, the American people have been strong and unwavering to support and Democrats and Republicans in Congress have stood together. The United States has worked in lockstep with our allies and partners around the world to make sure the Ukrainian people are in the strongest possible position to defend their nation, their families, and against the brutal truly brutal aggression of Russia. I haven't seen the likes of this in a long time. The United States and Europe are fully united. This morning, I had a long conversation with our NATO allies. German Chancellor Schultz, French president Macron, prime minister sanook and the Italian prime minister maloney. To continue our close coordination and our full support of Ukraine, because you all know I've been saying this for a long time. The expectation on the part of Russia is we're going to break up. We're not going to stay united, but we are fully thoroughly totally united. We spring approaching Ukrainian forces are working to defend the territory they hold. And preparing for additional counter offensives. To liberate their land, they need to be able to counter Russia's evolving tactics and strategy on the battlefield in the very near term. They need to improve their ability to maneuver and open terrain. And they need an enduring capability to deter and defend against Russian aggression over the long term. The Secretary of State, the secretary of the military, behind me, they've been deeply, deeply involved in this whole effort. Armored capability as general Austin will tell you has been critical. And that's why the United States has committed hundreds of armored fighting vehicles to date. Including more than 500 as part of the assistance package we announced last Friday. And today, today I'm announcing that the United States will be sending 31 Abram tanks to Ukraine. The equivalent of one Ukrainian battalion secretary Austin has recommended this step because it will enhance the Ukraine's capacity to defend its territory and achieve its strategic objectives. The Abrams, thanks for the most capable tanks in the world. They're also extremely complex to operate and maintain. So we're also giving Ukraine the parts and equipment necessary to effectively sustain these tanks on the battlefield. When we will begin to train the Ukrainian troops on these issues of sustainment logistic and maintenance soon as possible. Delivering these tanks to the field is going to take time. Time that we'll see, we'll use to make sure the Ukrainians are fully prepared to integrate the Abram tanks into their defenses. We're also closely coordinated this announcement with our allies. The American contribution will be joined by an additional announcement, including that will be we'll be ready available in more easily integrated for use in the battlefield and the coming weeks and months of other countries. I'm grateful that Chancellor Schultz for providing German leopard two tanks and will lead an effort to organize the European contribution of two tank battalions for Ukraine. I want to thank the Chancellor for his leadership and steadfast commitment to our collective efforts to support Ukraine. Germany has really stepped up the Chancellor's been a strong, strong voice for unity, a close friend, and for the level of effort we're going to continue. Supporting Ukraine's ability to fight off Russian aggression to defend its sovereignty and territorial integrity is a worldwide commitment. I just love to worldwide commitment. Last week, Germany and Germany secretary Austin convened the Ukraine defense contact group for the 8th time. This group was made up of some 15 nations, 15 nations. Each making significant contribution of their own to Ukraine's integrity. Each fully committed to making Ukraine remain strong and independent and able to defend itself against Russian threats and violence. I want to thank every member of that coalition for continuing to step up. The UK, the United Kingdom, recently announced that it's donating challenger two tanks to Ukraine. France is contributing AMX tens. Armor inviting vehicles. In addition to the leopard tanks, the Germany like the United States is also Germany is also sending a patriot remix battery. The Netherlands is donating to Patreon missile and launchers. France, Canada, the UK, Slovakia, Norway, and others have all donated critical air defense systems to help secure Ukrainian skies and save the lives of innocent civilians who are literally the target, the target of Russia's aggression. Poland is sending armored vehicles, Sweden is donating infantry fighting vehicles. Italy is giving artillery. Denmark and Estonia are sending howitzers. Latvia is providing more stinger missiles. Lithuania is providing anti aircraft guns and Finland
Bloomberg Radio New York
"national economic council" Discussed on Bloomberg Radio New York
"Of the balance of power podcast, national economic council director Brian deese on December's cooling inflation. Well, look, we should be careful. This is an uncertain moment and so she'd be careful about being too definitive in any moment. I would say that the data in last month's CPI report and the data overall is encouraging and should give us more confidence that we can navigate through this period and bring prices down, transition to a more steady and stable growth path without giving up all the economic gains that we've made. If you look over the last 6 months, we've seen core inflation come down from about 8% annualized on a three month basis to about 3% in the fourth quarter on an annualized basis. That's significant. That's encouraging. And we've seen it in the context of ongoing resilience in the labor market. So I think we're seeing the kind of progress we want to see. And now we've got to keep at this. I would say underscore that, at least from our perspective, what it underscores is the policies that we have been pushing forward over the lac 6 months are helping. They're helping this transition unfold. And so we're going to redouble our efforts in 2023 to focus on bringing prices down in areas like healthcare and energy and helping to provide incentives to keep this capital investment going and build out productivity enhancing investments in areas like innovation, semiconductors, clean energy as well. The recent data should give us all more confidence that we can navigate through this transition. In a way that gets us to that outcome. We have come out and that outcome is this historically strong economic recovery, getting us back to a more stable and steady growth path. And the data underscores it. We have seen inflation moderate with resilience in the labor market. That is the kind of thing we want to see more of. Get more of this and other conversations on the latest balance of power podcast. Listen on the Bloomberg business app Bloomberg dot com and anywhere else you get your podcasts. A city is parks. It is streets at its schools above all. It is the people that live there and the people that work there. Bogotá had a real issue with their parks. They were dark. They were unsafe. So we worked with the mayor to install LED lighting and almost every single park. When you have good parts, your city is vibrant and everybody gets to
Mark Levin
Brian Deese: Gas Prices Remain High Still Because of Russia
"Guy Brian deese who's been a climate change radical for years and now he's The White House national economic council director Just listen to this cut 6 go Well look there's a lot of factors that go into the price of gas at the pump and supply and demand But the big picture is what's happened over the last year is that in the wake of Putin's unconscionable invasion of Ukraine we faced a global supply challenge because Russian oil was coming off the market and the global market A global supply challenge Just look at this sleazeball We've shut down drilling We made it impossible to build or even expand refineries They specifically have driven up the cost of fossil fuels They have shut down pipelines Who do they think they're fooling Who do they think they're falling You know you look at FDR during World War II and we were obviously fighting for our survival We opened up all the spigots We opened up all available industries And we put them to work Over time we didn't say well the Nazis imperial Japan fascist Italy they're out there So we got shortages of edition No everybody got to work Everybody was encouraged to work Our industries were pushing as hard as they could steal coal other energy industries That's not what's going on now It's how the Russians and Ukraine That's what's causing all of our problems you know Sky's a liar Go ahead Not being adequately supplied And over the past 9 months the president through deliberate and consistent action using authorities like the strategic petroleum So the president has
77WABC Radio
"national economic council" Discussed on 77WABC Radio
"What do you think about that? If you're going to fire people and you're telling them before Christmas and hanukah shouldn't eat at least talk to them? Yeah, I think you should. Of course I'm a conservative and we're totally heartless. Now, ladies and gentlemen, we did a story yesterday about how food prices are through the roof, how 70% of the people are having great difficulty paying for their groceries and making ends meet. But Biden today, yet again, and his surrogates are out there telling you how fantastic the economy is. I want you to listen to this, how insane this is. This is guy Brian deese, who's been a climate change radical for years, and now he's The White House national economic council director. Just listen to this cut 6 go. Well, look, there's a lot of factors that go into the price of gas at the pump and supply and demand. But the big picture is what's happened over the last year is that in the wake of Putin's unconscionable invasion of Ukraine, we faced a global supply challenge because Russian oil was coming off the market and the global market. A global supply challenge. Just look at this sleazeball. We've shut down drilling. We made it impossible to build or even expand refineries. They specifically have driven up the cost of fossil fuels. They have shut down pipelines. Who do they think they're fooling? Who do they think they're falling? You know, you look at FDR during World War II and we were obviously fighting for our survival. We opened up all the spigots. We opened up all available industries. And we put them to work. Over time, we didn't say, well, the Nazis, imperial Japan, fascist, Italy, they're out there. So we got shortages of edition. No, everybody got to work. Everybody was encouraged to work. Our industries were pushing as hard as they could, steal, coal, other energy industries. That's not what's going on now. It's how the Russians and Ukraine. That's what's causing all of our problems, you know. Sky's a liar. Go ahead. Not being adequately supplied. And over the past 9 months, the president through deliberate and consistent action using authorities like the strategic petroleum. So the president has drained the strategic petroleum reserve of its oil and that deliberate action you see is brought down the price. And what happens when we don't have enough? Well, he won't be president anymore. What do you care? That's an economic policy. That's an economic policy, training the strategic petroleum reserve. For temporary relief from anti energy policies of this administration, you have to be sucker to believe all this stuff anymore. In other words, you have to be a Liberal Democrat. I'll be right back. What
Bloomberg Radio New York
"national economic council" Discussed on Bloomberg Radio New York
"An opportunity to really sit with each other, spend time, break bread and that happens here. We have our challenges, but we also are able as to two countries to lift up and there were really poignant moments, for example, at the state dinner with the toast of the two leaders marking just how our two countries have been there for each other when it really matters. And obviously with Ukraine and the fight in Europe, the United States is proving once again that it's a reliable ally. We're going to have our concerns we're going to have the issues that we're going to discuss. But overall, I think the relationship is quite in a quite strong place. Can you confirm he was actually a Hugo boss? I think he was in the building. Our nose in the building. I can confirm definitively it wasn't here. Brian, can you confirm definitively you're staying with the administration? Can we wrap that one up? I can confirm that I'm totally focused on the work we have to do. We have a lot to do here between now and the end of the year. That's where my focus is. I can confirm you kind of dodged that one. Brian fantastic catch up with you sir. Thanks for your time this morning. We appreciate it. Grant is the national economic council. I go back to semiconductor meetings from 40 years ago in all talking about this. Can we really move? We get up to like 15% of manufacture. How do we do more? The president promised he'd make a push here. They're making a push here. And we're seeing the likes of Apple get on board as well. The Europeans are always going to be annoyed by this. But the message I think for the Europeans is they've got to get their act together as well. I'd love to talk to stiglitz about this. I mean, it's like a new globalization. It's really something new. Well, the unwind of Microsoft. But I don't mean to make light. I mean, can you imagine if we were taken wine from France and bringing it over here, you know, we're going to do that already? We do. Yeah, but it's not the same. It's controversial. You know, I mean, Boone's farm. I can go with it, but other than that. Great lineup today. Add more city. Coming up next. Attention RIAs are your clients asking for crypto and interactive brokers advisers can now offer crypto to their clients and you can trade stocks, options, futures, currencies, bonds, and more from the same platform. Commissions on crypto
The Trish Regan Show
You're Dealing With a Team That Is NOT Smart...
"Reality is you're dealing with a team here that is not smart. I wish I wish. I wish they would get Larry summers on their team. Former treasury secretary under Bill Clinton and also the former head of the national economic council under Barack Obama. He's like the only guy that's actually willing to admit the truth. And by the way, the Democrats aren't too happy about them because of it. But he, like me, actually, I was saying it much earlier than him. Understands understands really and truly what is at stake and it's a lot. It's a lot because we are now in an environment where the fed is not properly positioned to be able to reign in this inflation. They are not willing to actually engage in the so called quantitative tightening, which they need to engage in. In other words, they had all that easing. They went out and bought a $120 billion worth of mortgage backed securities and treasury bills for months and months and months and months for years. Pumping 7 nearly $7 trillion into the economy. You couple in all those $1 trillion programs that Joe Biden and the Democrats before still along and you get an environment with just too much cash floating around in the system.
Bloomberg Radio New York
"national economic council" Discussed on Bloomberg Radio New York
"A cabinet reshuffle along the way in Ireland in December, it doesn't at this stage look likely that you will stay in your current job. Are you running for a second term as Euro group president? And are you campaigning with your European colleagues to keep that job? Well, I only delivered a budget for Ireland. Yesterday afternoon, less than 24 hours ago. And my future and jobs that I do is very much secondary to the future of the economy here in Ireland, the future of the Euro area and how we have the right policies in place and I just want my focus is at the moment. The role that I do is the matter for the party leaders and they are determined if a good time a little later in the year. We were just talking there about the weakness in the Euro. We heard from Brian deese over in Washington national economic council director, he suggests there's not really any thinking around another Plaza record coordinated action to bring down the value of the dollar. Is there any appetite to have those conversations in Europe is the weakness in the Euro vat concerning to you? It's something that we're monitoring, but I believe the more appropriate area of macroeconomic policy coordination, which has been firmly underway since we had to deal with the impact of COVID and our economies is how we try to have common fiscal approaches to the challenges that the key currency areas are facing and what we are doing within the Euro area is trying to have fiscal policy not contradict and to be coordinated with the monetary policy changes that are underway. That is what we are doing at the moment. It's very complex. It's not always easy, but that is the approach of the Euro area on the G 7 group. Excellently chaired by our colleagues in Germany at the moment. It's a really valuable forum for how we can share our efforts to deliver that common approach. Pascal Turner, who Ireland's finance minister and president of the Euro group, thank you for joining us on Bloomberg radio. This is Bloomberg. Now the paper review on Bluebird daybreak Europe. The news you need to know from today's papers. A number of papers lead with labor
The Trish Regan Show
Democrats Think More Spending Is Their Ticket Out of This Mess
"Back to what we're dealing with in the here and now. Lots more spending because some of the Democrats think this is their, this is their ticket. I'm sorry guys. This is going to be more of a problem, more of a disaster. And if anybody there really could understand this and I would encourage them to go take a tutorial there from Larry summers, former treasure secretary under Clinton, former head of the national economic council under Barack Obama. If anyone would pay attention to him in the Democrat party, I think he could really outline this for you and tell you what you're doing wrong. Because the Federal Reserve has screwed up royally, and now we've got lawmakers that are going to screw up again. Of course, Larry loves to spend government money. So he may disagree with that. But I think he'd be right on with the idea that the fed has. I know he is. Really messed up. So now we're compounding this. So you want to raise taxes at a time when the Federal Reserve is raising interest rates. Maybe that's because you want to reduce things all the more. I mean, it will have an inflation killing aspect to it. It will have a reduction in our economy aspect to it, but then here's the wild one you're going to throw in all this spending is what maybe they figure they can do it now. Maybe they figure this is our opportunity to pick our Friends. Our winner is here. We're going to spend $433 billion and guess what? It's going to go to all our Friends. I mean, that's what's so scary about all this. And I think this is why we're all so over it, right? Because we all know better. We all know that the government is there, picking their pals when they're handing out money like this. And this is what's disturbing because, again, it doesn't work. It never works. I mean, cylinder comes to mind, right? During the Obama years. So basically, they're just heaping insults on us. One after another, they're going to take our money. They're going to give it to those that they deem appropriate. Certain semiconductor companies, certain green energy companies, and we get nothing in return.
The Hugh Hewitt Show: Highly Concentrated
At Least We're Not Facing Famine...
"Fox News, during The White House press briefing, the national economic council, director, argued that the U.S. is not on the brink of a recession, and that the 9.1% inflation rate could be a lot worse. He said, we're not facing famine, for example, that's a great relief. I'm sure you all know.
The Trish Regan Show
The Inflation Situation Continues to Be a Real Thorn in Our Side
"Situation continues to be a real foreign in our side, right? As a nation and as an economy. And it's an issue of whether or not the Federal Reserve can intervene and do so in a way that doesn't actually send us into recession. And I should say big recession because you know I've said before, I think we're already in recession. That's like, that's a fade accomplish. We are most likely in a recession right now when it's all said and done. That's what you're going to see. So the question becomes, how bad does it get in light of what the Federal Reserve thinks it needs to do? Larry summers, former treasury secretary under Bill Clinton, and also head of the national economic council under Barack Obama has been very outspoken on this. He actually has taken a lot of heat from his own party because he said all along that these policies have been tremendously inflationary and then the fed would step in and probably overstep its bounds and do too much in consequently put us into a challenging recession.
Bloomberg Radio New York
"national economic council" Discussed on Bloomberg Radio New York
"Much for coming I want to follow up now on that story really good just told us about what President Biden is concerned that the oil companies are not producing enough oil and they're getting profits that are too high We turn now to an energy expert professor Sanya Carly of Indiana University where she is co director of the energy justice lab So professor thank you so much for being with us Is there anything as a practical one of the president can do to get production up and profits down Well thank you for having me And I think that the best avenue is to have those conversations with major oil companies to find out if it is possible to increase production Although as we all know oil prices are impossible to predict and they are very much political as much as they are economics So those conversations could be crucial but we don't quite know So one of the things the president said is he's going to use emergency powers to increase refinery capacity because one of the issues as I understand it is a bottleneck here It's not just the crude oil but it's refined products Is that doable in the near or medium term Well it's doable if there is if it's possible to affect those bottlenecks essentially but we are dealing with many many supply chain issues across the United States as we know across the world And this is just one of many So it may be possible it may not be It's still to be seen One of the issues that's been discussed at least is the so called windfall profits tax something that now the United Kingdom is imposed already And it's being talked about here In fact yesterday we talked with the deputy director of the national economic council in Washington and asked him quite specifically is a windfall profits tax on the table And here's what he said We're open to a number of different.
The Dinesh D'Souza Podcast
The Excessive Printing of Money Will Come Back to Haunt Us All
"So Tricia, I think what you're saying is that this is a little bit like, you know, letting your pressing down on the accelerator. That's the printing of the money. And then in the fed realizes we need to put the break on this and the way they do that is by raising interest rates, but you're saying if they do that too aggressively, the economy will plunge into a recession is that's the pain you're talking about, right? So what is called for here is a certain kind of fed discipline, but you're saying we can't trust the fed to do that because they seem to be more of a political animal than an organization that is focused merely on their economic responsibilities. Well, he got his second term, right? So hopefully he's trying to be more vigilant, hopefully he's trying to do what's right, and I'm talking about Jerome Powell for the overall economy, but look, I mean, they never should have done what they did. I give Larry summer's credit. Now, Larry summers is not exactly one to come out and criticize many Democrat administrations, considering he worked for two of them. Former treasury secretary under Clinton, former head of the national economic council, under Obama. So Larry summers actually, and he was ripped apart by his party, warned of exactly this. He said, look guys, you know what? You're printing too much money and it's going to come back to haunt you and chances are you're going to overreact as you try to rein in inflation and that will 85% chance for sure we get a recession. Here and into next, I think you're going to see more downside in the market. It's logical, people don't have as much money. They're spending it all on food and energy
The Trish Regan Show
Charles Thorngren, CEO of Legacy Precious Metals, on Inflation
"We've talked about inflation for quite a while now. And I think the scary thing about it is it's actually worse than we were actually talking about. I think you'll see that number jump into the double digits real soon. A quarter basis point here, a half basis point there by the fed. It's not enough and it's going to be delayed. They really don't have a choice, unfortunately. If they were to come out and say, we're going a full point, the equities market would be destroyed. And they can't have that either. No, they're terrified of that. That's clear. But you know, I'm looking at the fed and you and I both criticize them for their failure to act earlier, but now I'm like, guys, you know, they still don't get the message because they're planning these rate hikes, but you're right, Charles, it's not enough. Larry summers, former, ahead of the treasury, under Bill Clinton, former head of the national economic council under Barack Obama, not exactly in other words, you know, a conservative. He's out there pounding them and saying, listen, there's no way that they can avoid inflation at this point. It's there. It's coming because what are they going to do, Charles? I mean, suddenly say, okay, we're going to raise by a whole point, a point and a half. You and I know that's not going to happen. No. No. The only one who would have possibly done anything like that as long in the history books that would have been a president Reagan. It would have been the only one who had that kind of courage, but you're not going to see that now. And realistically, it's good that we don't. The economy is not strong enough for it.
Mark Levin
Brian Deese: There's Nothing the U.S. Can Do About Gas Prices
"Somebody named Brian deese Brian deese yes Brian deese director of the national economic council It's done such a fantastic job This guy's ticket should be pulled whatever ticket it is He's on CNBC today Cut 6 go The medium and long-term I think it's the path and the trajectory is clear There is no amount of domestic production that we can do when we are dealing with a volatile global commodity where the price is set globally There's no amount of domestic production we can do to reduce or eliminate such an idiot So ladies and gentlemen there's nothing we can do for the Ukrainians are going to lose There's nothing we can do about the price of fuel It's over These are your Democrats
The Dan Bongino Show
Kash Patel's High-Level Takeaways of the Durham Report
"No one really no one knows more about this than you do Can you explain to us yesterday after your reading of the Durham filing Some high level takeaways I mean just a couple of things I thought and I'll turn it over to you is they can't they clearly can't control the narrative anymore It's based on lawyer the legal filing yesterday by sussman's campaign who was like hey don't put this out there You're going to prejudice the jury whatever Clearly they can't control the narrative And I think you would Hillary potentially positioning another run This was hugely damaging information about the servers and the DNS data Oh I couldn't agree with you more And two of the things that stuck out with me again and I know I know you know this scenario But let's just hit pause for a second The Hillary Clinton campaign paid to spy on The White House compound of a sitting president an opponent that defeated her It was duly elected Not just the Oval Office the National Security Council the national economic council the trade council and the office of the vice president and the entire 17 acre of military compound that is The White House Dan you can not make up that kind of fiction And the second point that I think is as pressing is how they did it You would think they would have to have some sort of covert hacking scheme in place No per Durham's pleading quote unquote they have reached a sensitive agreement to gain access to the service That means someone in the intelligence community the NSA gave them a contract to have this access That means someone in the Trump administration's NFA gave the Clinton campaign the contract paid them to get this access That's
Bloomberg Radio New York
"national economic council" Discussed on Bloomberg Radio New York
"Consumer price index released this week confirmed a 7% inflation rate for 2021 In a statement President Biden said the report showed some progress but there was still work to do To find out what that work is I spoke to Brian deese he's director of the national economic council for President Biden Price increases are elevated They're affecting people's budgets and we need to work on that I think the context that is important here is that we have a very robust economic recovery underlying We have the strongest job market in decades We saw the historic employment numbers and historic wage growth numbers that came out last week as well So what the president's focus is how can we build the productive capacity of this economy so that we can sustain strong growth while actually bringing prices down We see that we are in a unique moment and supply chain bottlenecks things that are constraining the supply side are still elevating prices And so the more that we can do to unstick those and on star all those make the supply chains work more quickly the more we will see an easing of price pressure going forward And what I was going to ask is what does that say about time frame because when you talk about supply chains we've been working on this you've been working out hard for some time now It's not fixed yet And yet a lot of people across the country are paying a lot more for things whether it's rent or its cars or it's a bread at the grocery store What can you do in the shorter term to give them some relief if anything Maybe nothing Well supply chains is an example where we can see the benefit of taking action in the very short term So if you look at our nation's ports a couple of months ago the ports were completely clogged and we were seeing really historic backlogs We acted we engaged We've done a whole measure of things but the bottom line is over the course of a couple of months we've seen the amount of time that a container is sitting idle at ports come down by almost 50% Goods are moving with increased fluidity through our ports And that's starting to have an impact for example on the shipping costs and container costs which will flow through to prices So we can make progress We have to make more You mentioned cars about a third of the headline increase in inflation this past month was just associated with car prices And we know what the issue is We have constrained supply We're not making as many cars as we need to here in the United States And a lot of that is because of bottlenecks in the semiconductor industry So the sooner that we act on that the sooner that we can get Congress to pass the money for semiconductor production in the United States the more we can start to solve that problem Those problems don't get solved in a day or a week but part of the urgency that we're bringing this is the sooner we operate to get them moving the sooner we'll start to see those impacts in the economy Well fair enough you can't get there unless you take the first step That makes perfect sense But again try to put myself in the position of so many Americans that are country saying okay when am I going to get this relief Because when you're talking about things like building semiconductor plants that's something we could need to do No question about it It's going to take an awful long time We're not going to get relief anytime soon from that So when do you expect maybe there'll be some amelioration because of administration activity to what we're seeing in inflation Well I think the takeaway is some things can be done and operate in the very immediate term And we're seeing those and people should have some confidence with them Some things will operate over the medium term I think if you look at most professional forecasters they're continuing to predict that we'll see an.
Bloomberg Radio New York
"national economic council" Discussed on Bloomberg Radio New York
"Over the medium term I think if you look at most professional forecasters they're continuing to predict that we'll see an easing in price increases in price pressures over the course of 2022 And obviously the fed is operating independently and the president has underscored the importance of the fed operating independently to make to take actions consistent with making sure that these price increases don't become entrenched And so the final message I would say is it is important to recognize that the goal here should be to build on the economic strength that we have seen over the course of the last several months What our objective is through all of these policy measures is to actually get prices normalized and stabilized as we continue strong sustainable growth strong labor market opportunities and wage increases that are creating new opportunities particularly for people in the lower income segments of the population labor market opportunities they haven't seen for decades as well We want to see that continue One of the things that we have heard for various people in the administration is part of the problem with prices is concentration in the production and the supply line and it's practical matter And that's been a priority of President Biden Let's assume from that that's 100% right There's too much concentration You and I both know that takes a long time to get that resolved Do you really think that the reason we're paying more for meat right now is because of meat packing plant concentration Well the president's been clear His approach on inflation's multifaceted and we're really trying to operate on the supply side to expand productive capacity One of the ways to do that is to get more competition particularly industries that are highly concentrated We know from a broad and deep economic literature that concentration can reduce consumer welfare which is a technical way of saying you can end up with higher prices less options or poorer worker conditions for consumers and workers We know that to be the case And for example in the meatpacking industry we see that consolidation among middlemen in that space has resulted in lower lower share of the economic benefits going to the growers the ranchers and the farmers and higher prices for consumers Now if we can take steps to ameliorate that that'll be good for consumers It'll be good for prices Again a number of these steps are not steps that will happen over a day or a week But the sooner we get them going the sooner people will see impacts And others are the steps that we're talking about really are quite immediate and urgent and people will see that impact Thanks to director of The White House national economic council Brian D's coming up the struggle to keep our kids in the classroom with the executive director of the national education association Kim Anderson That's next you're listening to bounce.
Bloomberg Radio New York
"national economic council" Discussed on Bloomberg Radio New York
"Very immediate term And we're seeing those and people should have some confidence with them Some things will operate over the medium term I think if you look at most professional forecasters they're continuing to predict that we'll see an easing in price increases in price pressures over the course of 2022 And obviously the fed is operating independently and the president has underscored the importance of the fed operating independently to make to take actions consistent with making sure that these price increases don't become entrenched And so the final message I would say is it is important to recognize that the goal here should be to build on the economic strength that we have seen over the course of the last several months What our objective is through all of these policy measures is to actually get prices normalized and stabilized as we continue strong sustainable growth strong labor market opportunities and wage increases that are creating new opportunities particularly for people in the lower income segments of the population labor market opportunities They haven't seen for decades as well We want to see that continue One of the things that we have heard from various people in administration is part of the problem with prices is concentration in the production and the supply line is part of the matter And that's been a prior year President Biden Let's assume from those that's 100% right There's too much concentration You and I both know that takes a long time to get that resolved Do you really think that the reason we're paying more for meat right now is because of meat packing plant concentration Well the president's been clear His approach on inflation's multifaceted and we're really trying to operate on the supply side to expand productive capacity One of the ways to do that is to get more competition particularly industries that are highly concentrated We know from a broad and deep economic literature that concentration can reduce consumer welfare which is a technical way of saying you can end up with higher prices less options or poor worker conditions for consumers and workers We know that to be the case And for example in the meatpacking industry we see that consolidation among middlemen in that space has resulted in lower lower share of the economic benefits going to the growers the ranchers and the farmers and higher prices for consumers Now if we can take steps to ameliorate that that'll be good for consumers It'll be good for prices Again a number of these steps are not steps that will happen over a day or a week But the sooner we get them going the sooner people will see impacts and others of the steps that we're talking about really are quite immediate and urgent and people will see that impact Thanks to director of The White House national economic council Brian D's coming up the struggle to keep our kids in the classroom with the executive director of the national education association Kim Anderson That's next you're listening.
Bloomberg Radio New York
"national economic council" Discussed on Bloomberg Radio New York
"Consumer price index released this week confirmed a 7% inflation rate for 2021 In a statement President Biden said the report showed some progress but there was still work to do To find out what that work is I spoke to Brian deese he's director of the national economic council for President Biden Price increases are elevated They're affecting people's budgets and we need to work on that I think the context that is important here is that we have a very robust economic recovery underlying We have the strongest job market in decades We saw the historic employment numbers and historic wage growth numbers that came out last week as well So what the president's focus is is how can we build the productive capacity of this economy so that we can sustain strong growth while actually bringing prices down We see that we are in a unique moment and supply chain bottlenecks things that are constraining the supply side are still elevating prices And so the more that we can do to unstick those and on star all those make the supply chains work more quickly the more we will see an easing of price pressure going forward And what I was going to ask is what does that say about time frame because when you talk about supply chains we've been working on this you've been working on it hard for some time now It's not fixed yet And a lot of people across the country are paying a lot more for things whether it's rent or its cars or it's a bread at the grocery store What can you do in the shorter term to give them some relief if anything Maybe nothing Well supply chains is an example where we can see the benefit of taking action in the very short term So if you look at our nation's ports a couple of months ago the ports were completely clogged and we were seeing really historic backlogs We acted we engaged We've done a whole measure of things but the bottom line is over the course of a couple of months we've seen the amount of time that a container is sitting idle at ports come down by almost 50% Goods are moving with increased fluidity through our ports And that's starting to have an impact for example on the shipping costs and container costs which will flow through to prices So we can make progress We have to make more You mentioned cars about a third of the headline increase in inflation this past month was just associated with car prices And we know what the issue is We have constrained supply We're not making as many cars as we need to here in the United States And a lot of that is because of bottlenecks in the semiconductor industry So the sooner that we act on that the sooner that we can get Congress to pass the money for semiconductor production in the United States the more we can start to solve that problem Those problems don't get solved in a day or a week But part of the urgency that we're bringing this is the sooner we operate to get them moving the sooner we'll start to see those impacts in the economy Well fair enough you can't get there unless you take the first step that makes perfect sense But again try to put myself in the position of so many Americans in our country saying okay when am I going to get this relief Because when you're talking about things like building semiconductor plants that's something we could need to do No question about it It's going to take an awful long time We're not going to get relief anytime soon from that So when do you expect maybe there'll be some amelioration because of administration activity to what we're seeing in inflation Well I think they take away as some things can be done and operate in the.
Bloomberg Radio New York
"national economic council" Discussed on Bloomberg Radio New York
"That we'll see an easing in price increases in price pressures over the course of 2022 And obviously the fed is operating independently and the president has underscored the importance of the fed operating independently to make to take actions consistent with making sure that these price increases don't become entrenched And of course that's Brian D's director of the national economic council I feel like entrenched you know inflation becoming entrenched We're going to have to define what that exactly means It's like the new transitory to some extent remaining It's a new transitory and I keep hearing people talk about the idea that maybe we've beat and maybe that's the case but I think the question now is how fast do you come down on some of these prices if at all The general consensus seems to be that even once we come down we're still going to be at a baseline that's well above the baseline that we were pre-pandemic Record levels out there Carol for men's apparel cookware linen tools hardware supplies No one used cars living rooms kitchens dining room so you back out food and energy and still everything else is higher as well Is anyone keeping track of mosques Can I go on about stories great Extraordinary I mean whether it be kids ridiculous price increases Ridiculous Yes Right here right now in terms of prices we had 9 to 5 I call it a technical term What's the point that consumers say enough I'm not gonna I mean there's some things you don't have a choice You have to buy right But at what point do they start to back off and just say enough is enough And does that have an impact on those inflationary numbers Yeah and it brings a point when the CPI numbers actually strip out energy and food but it bears kind of keeping it to mind The food prices are surging They're searching to the most since 2011 They're getting expensive and the fact that people are cooking at home more and more doesn't actually help that Well the good thing though Taylor is that when you look at those rent prices they actually weren't as high as some people thought right Don't even get me started I made a comment on air and I've had two readers scathingly read in because I was sizing someone from apartment list who said that the numbers are actually 18% And if that's the number instead of the BLS data inflation is 10% So we'll get into the nitty Gritty of how the BLS calculates rent but I believe it was Diane swank who told us earlier that we're just starting to see the rent inflation in calculated into this So it may not be peaking at least if we're thinking about that part of all of this And I bring it back Caroline real wages negative two and a half percent That's everything you need to know about the impact on the consumer Don't be scathing to our Taylor rigs when she makes his interesting points But it's true the inflation part of this story when it comes to wages when we're going to keep a really close eye on And well look at that Warren talent if RBC had is talking about it if we've got Microsoft luring people over from Apple people are in high demand and I'm pretty sure they're paying for it Yeah Silicon Valley Wall Street really united and keeping their talent and it actually feeds into once again those rent prices because if you are making more in theory than they can charge you more for those shelter costs I just want to wait until all of the stimulus is gone Totally a clean economy and then we get to see some real numbers here Maybe we're going to have to be able to patient for that All right folks we're going to be back with you at 4 p.m..
AP News Radio
White House confident Biden's bill will pass House this week
"As president Biden prepares to sign the infrastructure bill his economic advisers hope all the white house's domestic policy package will quickly pass the house this week consumer prices have soared six point two percent over the last year and the director of the national economic council brandy signal it's prices may not fully return to a more normal level until next year he says the one point eight five trillion dollar package coming to a vote in the house this week will go a long way towards lowering costs for American families appearing on CNN and ABC Sunday talk shows D. said the measure includes provisions that will lower the cost of prescription drugs health care child and elder care and housing and help get Americans back to work house centrists have said they will vote for the package if an upcoming Congressional Budget Office analysis confirms White House estimates that the bill is fully paid for the bill faces even bigger challenges and evenly split Senate over cost with no votes to spare Jennifer king
Mark Levin
Labor Department Releases Job Numbers For May
"The latest jobs report shows creation accelerated in May, but the numbers still miss the mark. With employers adding fewer jobs than expected. This has expanded unemployment. Weekly benefits of $300 are expected to continue in some places through mid September. Director of the National Economic Council Brian de speaking with reporters about it, those who are long term unemployed tend to have the hardest time. Getting back into the labor force and eventually find new employment. And so this substantial reduction is an important indicator of the, um the health of the labor market and something that is obviously very good news for those people and also, I think for the economy at
Reset
Bidens Antitrust Brain Trust
"Joe biden has started filling up his administration with some big tech big critics and it raises questions. About what exactly biden is going to do in his white house when it comes to silicon valley because jason doray has been reporting on this. Hey jason teddy so over. The last week or so biden is moving to nominate two people who send a pretty surprising and big signal about where he is on silicon valley issues. Tell me about these. Two people who appear to be getting jobs in the biden administration. Sure so the first one is tim. Wu who is going to be in adviser to the president on the national economic council and he is advising on technology and competition. Okay so tim wu when the other person and the other person is lena khan who liked him. Also professor at columbia university and i'd reported in january. She was a front runner to get an ftc. Commissioner role and in the last week a bunch of outlets have stated that she fact will be nominated by president biden to fill one of the five ftc. Commissioner roles okay so so why should people care about these people getting these roles. These are two super prominent critics of the tech industry right. That's correct so in short. Both of these people have argued in different forms at different times extensively that big tech companies abused their monopoly. Power and need to be reined in tim wu. Let's start with him so he's a professor at columbia. What is his position. Contact policies specifically. I mean it sounds like his job is focused narrowly on this issue. Yes so one of the main roles he'll play in. This job is advising on tech policy and competition and his view is essentially been that google facebook amazon apple are too powerful and the government needs to do something about it.
WTOP 24 Hour News
Biden taps Gene Sperling to oversee COVID-19 relief package
"Biden is reportedly ready to tap a longtime Washington economic policy expert to manage the rollout of the cove. It's stimulus package, the government could face challenges as it implements parts of the package, which Of course, is one of the largest economic relief programs in the history of the country. The Washington Post says. Gene Sperling will be formally named to that role today during the Clinton and Obama administration's Sperling served as the director of the National Economic Council, the Vatican today
Sean Hannity
A Leading Critic of Big Tech Will Join the White House
"Big tech companies are being put on notice. The Biden administration is preparing to crack down on them, and it's hired someone to lead the way. Timothy Wu, an antitrust expert, is joining the National Economic Council as a special advisor. He is an outspoken critic of the monopoly power of companies like Google and Facebook, both of which are facing antitrust
Techmeme Ride Home
Tim Wu hired by Biden administration to take on Big Tech
"I've said before that. Tim wu has been one of the most influential people in terms of shaping how i think about tech both its history and its economics and its culture but beyond that he's also been known for years. Now as being a big proponent of various antitrust ideas relating to the tech industry he literally coined the term net neutrality regulation antitrust. All that stuff has been on his plate for years and thus eyebrows are being raised. No doubt in the highest levels of the tech oligarchy. Today by the news. That tim wu is joining the national economic council as a special assistant to president biden for tech and competition policy quoting the new york. Times the appointment of mr wu forty eight who is widely supported by progressive democrats and anti monopoly groups suggests that the administration plans to take on the size and influence of companies like amazon apple facebook and google including working with congress on legislation to strengthen antitrust laws during his campaign. Mr biden said he would be open to breaking up tech companies. Mr wu has warned about the consequences of too much power in the hands of a few companies said. The nation's economy resembled the gilded age of the late eighteen. Hundreds extreme concentration yields gross inequality and material suffering feeding the appetite for nationalistic extremists leadership. Mr wu wrote in his two thousand eighteen book. The curse of bigness antitrust in the new gilded age most visible in our daily lives is the power of the tech platforms especially google facebook and amazon. He added his role with a focus on competition. Policy will be a new one in the national economic council. Mr wu will also focus on competition in labor policy. Such as non compete clauses enforced by companies and concentration in power in agriculture and the drug industry. The job does not require senate approval. Mr wu is best known for advocacy against powerful telecom companies and for coining the term net neutrality. the regulatory philosophy that consumers should get equal access to all content on the internet more recently. He has turned his attention to the gatekeepers like facebook. Google amazon that dominates speech search and retail online and quote as many have said on twitter. This morning i think we just got our biggest indication yet about how the new administration might be thinking about tech and antitrust.
Marketplace with Kai Ryssdal
Why Biden's economic team would rather go too big on COVID-19 relief
"What is going to happen in this economy. Prison biden treasury secretary yelling and a couple of big name. Ceo's including j p morgan's jimmy diamond and sonia singapore from gap had confab in the oval office. Today the president's economic relief plan of course was the topic at hand. Barabra morty is the deputy director of the national economic council at the white house. Welcome to the program. Thanks for having me. Let's start with the news of the day shall we. The meeting in the oval office today between president biden. Insects are yelling and some big business. Ceo's the head of the chamber of commerce was there jamie diamond from j. p. morgan chase. What is the president trying to do getting big business lined up behind him and this relief plant. Well i think that he is looking for their support for the bill and for their knowledge that we need to go big in this moment. I think what the president is hearing from. His top economic advisers is that We are at a precarious moment. Just last week. The jobs report came out and showed that job. Growth is really stalling in america. Even though we're about ten million jobs short of where we were pre pandemic and so. I'm secretary yellen down to his other economic advisers. There is a uniform belief that we need to go. We need to fundamentally alter the trajectory of the recovery and we need to make sure that we're putting money behind putting a vaccine people's arms because the fastest way to get the economy. Moving again is to make sure that we be cooked. Totally agree with the vaccine being this economy right now. I cannot and will not argue with that. But i do want to ask you about this idea of going big as you know. There are some consternation by some that may be one point. Nine trillion dollars is too much that it is in fact more than the economy needs given where for example. The congressional budget office says. We're going to be this summer Where'd you get one point nine trillion dollars and is that too much. I know we don't believe it's too much. And so i wanna talk a little bit about the process by which the president and his team put this package together. I would describe it as a bottom up process so for example there are nearly seven million americans who are behind on their rent an at risk of addiction. We need to provide rental assistance. Those people in the package provides the match rental assistance needed to make sure we keep them in their homes from secretary yell and two other top economic advisors. You is your an asymmetric risks situation. And by that. I mean the risks of going to small with this package far outweigh the risks of going too big so we add that all up. I think the president is very comfortable with the size of the american rescue plan. And i think the american people agree with him. Because there's something like seventy percents support for the package. Let's talk about the the flip side of of going through small which is the concern. The president has one of the concerns about going to big is that there may be some inflation coming in this economy with so much money coming in so soon with the pent up demand. That is sure to happen. Once people can go out and spend and travel and and enjoy life again Are you not worried about that. Well a group monitoring all sorts of different risks to economy and secretary yellen and and others have made clear that they are carefully monitoring the risks of inflation issue. Is that if you do too. Little means that people are going to go hungry. It means that people are going to be booted out of their homes in the middle of pandemic and those are just not acceptable outcomes to the president and look. We are far below the feds inflation target and have been for a very very long time and not to get too wonky owner. I think that the chair powell and others have said the goal is actually to increase in play shen to get closer to that two percent target that they have were. We're a long ways off. I i wonder how Given the the makeup of of the president's economic team many of whom were around in two thousand eight and two thousand nine how scarred people are by the prospect of going to small with a relief. Bill well i can't speak for others and i was not personally there in two thousand and eight thousand nine but i do think that there is a an assessment of the latest and best economic evidence. You look at a where interest rates have been how they have been low extended period of time and you weigh You costs and the risks of adding to the deficit. And i think it very clearly comes out in favour of going big me pick up on something you just said because it struck me when the president said something similar a number of weeks ago that He is he is taking a page from the republicans. Playbook saying look we have to borrow. We have to do deficit spending. It doesn't matter how we pay for it. And i i. Maybe you don't know this. Maybe weren't in those conversations but how did he come around to. You know what we're going to borrow the money the heck with it again. He and his team have been Deep into the economic evidence. And i think over the last five or ten years yet. Economic evidence in support of more robust deficit financing particularly for a temporary emergency measures such as. This one is pretty airtight. The president has been clear that when it comes to permanent changes in policy in other words policy that involves spending each and every year for the foreseeable future that he does think that that should be offset with new tax increases on the wealthy and on big corporations so again i think that is a view that is backed up by the best economic evans
WDTK The Patriot
"national economic council" Discussed on WDTK The Patriot
"Negotiate with them over his nearly $2 trillion coronavirus relief package. Ours is about $600 billion, Senator Bill Cassidy tells Fox News Sunday. The GOP plan is more targeted than what he sees in the president's, which he says is chock full of Handouts and payoffs to Democratic constituency groups. And he doubts the president and Democrats are serious about making it bipartisan. You want the patina of bipartisanship, but you want to stick it and ram it through on NBC's Meet the Press. The director of the president's National Economic Council, Brian Dese, says President Biden will be pleased to talk. He is open to ideas wherever they may come. That we could improve upon the approach to actually tackling this crisis. Ben Thomas Washington also, it s so the House Minority leader, Kevin McCarthy will meet with Georgia freshman Republican Margie Marjorie Taylor Greene talk about comments that she reportedly is made. The meeting is in response to media reports of comments she allegedly made on social media prior to her election to Congress, many House Democrats and the Republican Jewish Coalition of calling for the Georgia Republican to be removed from committee assignments. Congresswoman Green maintains that she's being targeted on Social media for speaking out against socialism and filing articles of impeachment against President Biden immediately following his inauguration Already Bennett in Washington, the Chinese government officials accusing former Secretary State Mike Pompeo of trying to cripple Beijing's relations with the new Biden administration. Declaring China's actions against the weaker ethnic group genocide. It's the latest of Chinese attempt to counter efforts in the Western countries to cut trade ties and sanctioned Chinese officials over widespread reported abuses in the region, including mass detention,.
AP News
"national economic council" Discussed on AP News
"Has lost its way. Appearing on NBC's Meet the Press, The Illinois Republican says he wants fellow Republicans to examine how far we have come in a bad way. How backwards looking we are, how how much we peddle darkness and division. He says the Republican Party seemed to wake up after the deadly storming of the capital by Trump supporters. But he's been disappointed to see it fall asleep again. Republican Party has lost its moral authority in a lot of areas. Me, it doesn't mean we don't need to fight back, you know, to defend what we believe conservative principles. But when I ask people now What is a conservative principle? How many people think that conservative principles are things like, just build the wall and, you know, charged the capital and have an insurrection. Ben Thomas Washington. Ours is about $600 billion, Senator Bill Cassidy tells Fox News Sunday. The GOP plan is more targeted than what he sees in the president's, which he says, is chock full of handouts and payoffs to Democratic constituency groups. And he doubts the president and Democrats are serious about making it bipartisan. You want the patina of by BART? Listen ship, but you want to stick it and ram it through on NBC's Meet The Press. The director of the president's National Economic Council, Brian Dese, says President Biden will be pleased to talk. He is open to ideas wherever they may come. That we could improve upon the approach to actually tackling this crisis when he's uncompromising about is the need to move with speed on a comprehensive approach here. Ben Thomas Washington counter offer I'm Ben Thomas within a P news minute 10 Republican senators are urging President Biden to negotiate with them over his $1.9 trillion coronavirus relief package. Ours is about $600 billion, Senator Bill Cassidy tells Fox News Sunday. The GOP plan is more target. But then what he sees in the President's, which he says, is chock full of handouts and payoffs to Democratic constituency groups. And he doubts the president and Democrats are serious about making it bipartisan. You want the patina of bipartisanship, but you want to stick it and ram it through on NBC's meet the Press, National Economic director Brian Dese says. President Biden will be pleased to talk, the president has said repeatedly he is open to ideas wherever they may come. That we could improve upon the approach to actually tackling this crisis. What he's uncompromising about is the need to move with speed on a comprehensive approach here. As of Sunday afternoon, Johns Hopkins University's tally shows more than 440,000 Americans have died of covert 19. The rate has been about 3200 deaths per day over the past week. One of 10 Republicans who voted to impeach Donald Trump is launching a political action committee to push back against the House GOP leadership team and party that he says have become too closely aligned to the former president. Congressman Adam Kinzinger tells NBC's meet the press. He wants fellow Republicans to examine how far we have come in a bad way. How backwards looking we are, how how much we peddle darkness and division. And that's not the party I ever signed up for it. I think most Republicans didn't sign.
News-Talk 1400 The Patriot
"national economic council" Discussed on News-Talk 1400 The Patriot
"Irish relief baggage. Here's correspondent Been Thomas. Ours is about $600 billion, Senator Bill Cassidy tells Fox News Sunday. The GOP plan is more targeted than what he sees in the president's, which he says, is chock full of handouts and payoffs to Democratic constituency groups. And he doubts the president and Democrats are serious about making it bipartisan. You want the patina of bipartisanship, but you want to stick it and ram it through on NBC's Meet the Press, the director of the president's National Economic Council. Brian Deese says President Biden will be pleased to talk. He is open to ideas wherever they may come that we could improve upon the approach to actually tackling this crisis. Ben Thomas Washington also a town hall dot com Some states beginning to respond to the toll that covert 19 is having on mental health. As the vibrance takes a mental toll on young people. More states are considering expanding opportunities for students to take mental health days to try to lessen the stigma and reduce youth suicide. Lawmakers in Utah and Arizona have proposed bills that would add mental or behavioral health to the list of reasons students may be absent from class similar laws of past in Oregon, Maine, Colorado and Virginia over the past two years. But I've been reporting Northeast, bracing for a major storm that could do more than a foot of snow in many areas With blizzard like conditions. The storm system already has hit parts of the Midwest. Chicago had to close down both its major airports. More on these stories, a town hall dot com Tell me why. Relief Thank you is so successful in lowering or eliminating pain. I'm often asked that question beaten Chef Talbot, the father and son, founders of really Factor Tell me they believe our bodies were designed to heal. That's right. Designed to heal on now, I agree. The doctors who formulated really factor for Pete and self selected the four best ingredients 100% drug free ingredients. But each help your body deal with inflammation. That's correct. Each of the four ingredients deal with inflammation on a different metabolic pathway that right they're approaching your pain from four different angles may very well be. Why so many Americans find such wonderful pain relief if you have back pain, shoulder, neck, hip, knee or foot pain from exercise, or even just getting older. You must order the three week quick start now discounted the only 1995 to see if it will work for you, too. I think it could give your body what it needs to heal itself. Got to really factor dot com Call 805 183 84 early factor dot com. Helmed by Republican governors are leading the nation's recovery from the lockdown driven recession that is strongest in blue states, led by Democrats, who imposed the strictest pandemic restrictions that suffocated small businesses and eroded jobs. Two charts from the Conservative Committee to unleash prosperity illustrate unemployment rates. Color coded by party control. The correlation is clear. ST. Dominic States dominate by Republicans led with the lowest unemployment rates. While states governed by the Democrats suffered the most. The charts are stunning. We're gonna put it up on Charlie Kirk dot com. South Dakota, Nebraska, Iowa, Utah, Kansas, Alabama, New Hampshire, North Dakota, Arkansas, Indiana have the best and most robust unemployment rates and the best recovery logs. Where is the worst in the country? Are Hawaii, Nevada, California, Colorado, New Mexico. New York, Rhode Island, Connecticut, DC, Illinois, New Jersey Go figure. States that embraced the lock downs, the most Are doing the worst. Get to a question here. Beth emailed US freedom at Charlie Kirk dot com. Hi, Charlie..
WGN Programming
Biden expected to push for sweeping COVID-19 economic relief package
"Adviser to President Biden says the administration is opened ideas on coronavirus relief on CNN's state of the union, Brian D's pushed the administration's package and its focus on things like distributing more vaccines. However, the director of the National Economic Council added that Biden wants to move quickly and he won't compromise on that part of it. This comes as a group of Republican senator to send a letter to Biden, where they requested a meeting to discuss coronavirus relief.
Bloomberg Radio New York
"national economic council" Discussed on Bloomberg Radio New York
"I'm Ed Baxter, and I'm Denise Pellegrini. Denise. We were talking earlier about deficit spending taxes and the do what it takes mode in the Vine Administration is when it comes to the pandemic and the economy and we also had a chance to hear about that from Gene Sperling, He's former director of the National Economic Council under Presidents Clinton and Obama. Also currently president of Sperling, Economic Strategies in Santa Monica and Bloomberg Radios. Vanni Quinn and Paul Swinging. Ask Sperling what the first order of economic business from the mine administration should be. Well, I think they've made a smart decision. In that they are by for caving. They're calling 100 Day plan or economic start, which is the first focus on The economic relief needed for the crisis. So that means both getting you know huge amounts up to $400 billion to ensure that we're able as a country to truly deal with The covert crisis and that includes the vaccine distribution. All of the testing all of the things that we've been so weak on weaker than other nations. And and then also the funding that would go to people who are hurting people who are risk of losing being evicted. Obviously, you know more general support, but really for people who need it in the taking the checks up to 2000, but they're saying, Let's do that first. Let's do that Relief package first. Let's get that done. Let's not hold up that form or complex, longer term issues, so you'll see them move quickly. And they're going to try to make it bipartisan. They're going to try to do what's called regular order. Working with Republicans do something with 60 votes, but they know and that they in their back pocket. They have the ability to re process called reconciliation. Past. This would just 50 Democratic votes. That won't be their goal. But that's a back up plan to make sure they get This part done fast. While people are hurting economy needs that. Then they say, Let's come back and do the build better jobs plan the infrastructure, the green. Climate jobs, the manufacturing the enhancing care care, giving jobs across the country. They know that's going to take longer. It's going to be a little more complex. S O. They're saying that's art that Z Phase two and I think that both are important One is about relief and emergency, the others about more long term recovery about speeding the speed in which we get back to long term. On. I mean, we get back to full employment. Remember, we're still down 9.5 million jobs. Since the start of Cove it so we're still in a deep hole with a lot of risk. Go out there for this recovery. Gina When I ask you who will Joe Biden and team be targeting in terms of trying to get some of you know what they want? I think in the I think in the end of the day The most important thing is, Can they keep all of the Democrats together? Because again if they have 50 votes they get to use for a budget matters which are kind of the major kind of spending issues. You can do it with reconciliations. Democrats that might be holed out 16. They're gonna want to say Where can what in this package. Can we get agreement on that goes all the way from the most progressive members like Bernie Sanders. To the more conservative members of the Democratic Party like Joe Manchin, but I think when they start, they're going to start with the view that a lot of Republicans are not are going to want to support. Major money for vaccine distribution. You've had several Republicans support the taking the checks to $2000. It's gonna be hard for lots of people to vote against extending long term unemployment. Searching, and it's fairly clear that this pandemic and economic disruption has just exposed yet again. Income inequality, wealth inequality in this country and his President elect biting thinks about his Economic plan its fiscal stimulus plans plural. How do you think what's the best way to go about addressing some of these issues? You know, you're absolutely right. I mean, I think it is fair to say that, um, that the pandemic rather than create economic and racial disparities has just exposed and Accelerated them, and I think that will be very much on his mind and will impact his policies and remember during the campaign, he talked about the cave recovery recovery that might have an okay GDP number, But when you looked beneath it You will find people who are more fortunate, like myself have been able to continue the work and work from home doing well, and you've heard Layla Brainard at the Federal Reserve estimates. That for lower income workers or those who can't just work from home. The unemployment rate is close to 20% near depression levels. So I think he's going to be looking at that very closely. So number one you've got to prevent downward falls. You know, Recessions are tough, but if you lose your home if you're addicted If you don't have food on the table. I mean, that's that's offensive to our values that causes long term unemployment that many people don't recover from. So I think he's gonna You know, I think these policies will be very targeted to that. And I think when you see him to his jobs plan It'll be a lot of focus on making sure you know, not just putting dollars out and hoping people you know, not worrying about who gets hired. But doing it in a way that is ensuring your improving not just home ownership. The closing that Racial homeownership gap, which is a way of closing the racial wealth gap, making sure when you you know, most presidents often have Justin Infrastructure plan. Biden's build back better plan includes care, giving jobs those tend to be and health workers. Those tend to be often You have seen more women helping warm or women of color That's very important to him. Jean 30 seconds. What's the greatest risk to this economy here? What's the risk out there? Doing too little doing too little under, uh, you know, underestimating. You know the when they're being the problem before that, yet you get only get one bite at the Apple. Things get worse. You can imagine a new strain. That's that's resistant to the new vaccine when I came in and 2011 to be any see director We were looking at a strong economic year and then you have the nuclear meltdown in Japan. Had you had the Arab spring things happened. And I think that's why what you heard from Yellen is The risk of going small are much greater than the risk of going big and I think that is going to define what you see from this president economically in his first year that was Gene Sperling, former director of the National Economic Council under Presidents Clinton and Obama. And coming up. What do you need for a smoothie? Economic policy money for one right and you have some need a good relationship between the Treasury and the Fed. Yeah, I guess the question is, Will we have that under President Biden and we'll hear all about that from Alan.