35 Burst results for "Twenty Five Billion Dollars"

The Biden Relief Bill: Who Gets What

The Indicator from Planet Money

06:18 min | 4 d ago

The Biden Relief Bill: Who Gets What

"Okay. Who is getting. What in the biden. Bill perio first up is what most adults in. The country are going to get a one time payment of up to fourteen hundred dollars. This is the single biggest part of the bill. And here's where the bill stands. Now if you made less than seventy five thousand dollars either last year or the year before you will get the full amount fourteen hundred bucks beyond that if you made between five thousand and eighty thousand dollars you get a smaller amount and if you made more than eighty thousand dollars you will not get one of these checks for married couples who file their taxes together. The cutoff for getting a check is a combined. Income of one hundred and sixty thousand dollars in these checks are both the biggest and the most universal part of the bill. The exact amount of money that your household will get does depend on a few things in addition to your income. Like whether you have kids or other dependents but even so roughly eighty to ninety percent of all households in the us are gonna get checks for some amount of money and the hope is that people will spend that money to help boost the economy so next step people who are getting money in the stimulus bill. The unemployed four hundred dollars per week on top of what they would normally get from their state in unemployment benefits when there isn't a pandemic and that extra four hundred dollars. A week will last until nearly the end of august and there's a lot of people still claiming unemployment benefits each week almost nine times as many people as a year ago right before the pandemic started. That's more than nineteen million people claiming those benefits right now and a big part of the reason why there are so many is the government has expanded the range of people who can qualify for these benefits during the pandemic and the reason unemployment benefits matter for the overall economy. Is that the allow people to continue spending money while they are between jobs paying their rent buying groceries buying school supplies for their kids yet without the extra four hundred dollars. Unemployment benefits would only replace less than half of a workers lost income on average but with the extra four hundred dollars from the stimulus bill. These benefits will be replacing more than eighty five percent of the lost income for the average unemployed worker up state and local governments. What they're going to get from the bill so tax revenues for a lot of state and local governments have just deride pandemic and some of them have been forced to cut back on services that they typically provide like garbage collection law enforcement mental health and addiction treatment services and a bunch of others state and local governments have also had to lay off one point three million workers especially a lot of workers in public schools teachers administrators janitors. It's one of the hardest hit sectors of the labor market so this bill provides three hundred and fifty billion dollars for state and local governments. And actually that might end up more money than state and local governments lost during the pandemic three hundred and fifty billion dollars is above the range of estimates for how much money state and local governments will have lost through next year. But it's also true that some states and local governments are in worse shape than others and so one of the big debates in the senate is over just how to allocate this money between different states and cities. And we're gonna pass here for a second because if we stop right here just right now out of the cost of those three things that we have discussed the checks that go out to almost everybody. Stimulus checks the bigger unemployment insurance benefits and the money that goes to state and local governments. That is the biggest part of the bill. Roughly half of it around a trillion dollars is going to go to those three things combined yet and there's all kinds of interesting and important stuff and the rest of the bill to so. Here's a few more that we definitely think are worth mentioning. Starting with what parents are gonna get. Yes so parents are going to get an extra fourteen hundred dollars for each of their children and this includes adult children who parents list as their dependence. Yeah so if you are. A family of four people say to spouses and two kids. The total amount. You're gonna get in those one time. Checks is up to fifty six hundred dollars. But that's not all. The bill also increases the size of the child tax credit for one year. So parents will now be able to offset their tax bills by thirty six hundred dollars for each kid under the age of six the really young ones and by three thousand dollars for other kids who are not yet adults bottom line take that same family of four and let's say both parents make less than seventy five thousand dollars each year and let's say their two kids are very young. They're toddlers that family could get a total of nearly thirteen thousand dollars in checks and tax credits because of this bill. Okay and now. Let's look at what schools are going to get kindergarten to twelfth grade. Schools are gonna get roughly one hundred and thirty billion dollars but maybe what's most interesting is what that money is intended for. Yes so this money is not for textbooks. It is for things that make it easier for schools to reopen and operate during the pandemic. So things like improving ventilation buying more personal protective equipment and even changing the shape of a classroom so that social distancing between students is easier next up. The bill includes tens of billions of dollars for loans and grants to businesses and the industry. That's going to get the single biggest amount in grants. So that's money that does not have to be paid back is bars and restaurants yup bars and restaurants. They can prove they lost money. Last year will be eligible for up to ten million dollars each in grants and the bill has set aside a total of twenty five billion dollars for eateries and watering holes and restaurants. And though that is the most any industry is getting in this bill. Some perspective is important here last year. Bars and restaurants lost about a hundred and forty five billion dollars sales from the year before. It's a twenty percent decline and there are still nearly two and a half million fewer jobs in bars and restaurants than before the pandemic and this year knock on wood will not be as bad because people are getting vaccinated. Covid cases are coming down and more of the country is reopening still. That is a huge hole to dig out of

Bill Perio Biden Government Senate United States
Jeff Bezos Exits as CEO, but His Role at Amazon Will Likely Be Little Changed

Squawk Pod

03:16 min | Last month

Jeff Bezos Exits as CEO, but His Role at Amazon Will Likely Be Little Changed

"Let's get onto jeff. Bazo stepping aside amazon. Ceo sixty-seven he's going to have a good life. He's been kind of executive chairman for a while. People say you read that that. No one's really ever seen him at the seattle campus and they're not sure if they've ever really seen him there. He's going to become executive chairman of the board. He's a steady intends to focus energy on new products and early initiatives. The company's top cloud executive andy jazzy. No relation to hugh. I'm told he's going to take over the ceo role in the third quarter. Thank you for being here. Becky i at least get you get you once in a while. You remember bart simpson. It took me a second. Yes a second calls the bar. He calls with the bar and says it. Could i speak to this jet huge jazz. You jazz ivana tinkle. There's other ones anyway. But we digress meantime amazon. This amanda this this is this is andy jazzy. Not not hugh jazz meantime. Amazon's earnings a fourteen zero nine beat estimates of seven. Twenty-three a share. That's easy to say that fourteen zero nine beat estimates of seven. Twenty-three the atmos community the they need to go back to their spreadsheets. Revenue of one hundred twenty five billion dollars also beat estimates and it marked the first time amazon's revenue exceeded one hundred billion dollars in a quarter. That's also easy to say but hard to fathom revenue exceeded one hundred billion dollars walmart. And i it didn't just exceed one hundred billion dollars and a quarter it exceeded one hundred and twenty five billion so it was the first time they'd gone over one hundred billion and they they didn't just like step over the line they like smacked it out of the park right. Even in a non holiday quarter. They're expecting a hundred to one hundred six billion dollars in the first quarter. That is a slowdown obviously sequentially from the fourth quarter of at thirty three percent higher than the same quarter a year ago. I saw that yesterday. And i have to say my chen kind of literally fell open when i was reading the headlines about it then i read bazo says note and his letter about why he's doing it and i get it and it makes sense and you mentioned that you know he's been out there doing other things for a while. Maybe not a huge surprise except for that. He's not going to be completely disconnected. He still gets to be involved with the whole thing but he gets to do what he wants to make. Sure there are other people. They're recognizing that they're running a lot of the day to day operations and stuff. But i mean it's a great job you said he's going to have a great life. He already has a great life. This is he gets to do what he wants to do. Laying out in that letter. Why he was doing it and all the things they've accomplished. I forgot about things like one click shopping. That was such a big deal when they actually did that. I think that was before. Two thousand because i think about i wrote about it for the wall street journal and that was such a revolutionary idea and now we think of it as being nothing and he said. That's the best thing that you can possibly hope for. Is that people yawn at your innovation because they become so commonplace. They've done so many things along the way the focus on customers what they've done with the cloud. I mean they've done so many things along the way and i was amazed blown away reading just his quick list of some of the things. He's proud about some of their accomplishments. Because i'd forgotten about some of them

Andy Jazzy Amazon Bazo Ivana Tinkle Hugh Jazz Bart Simpson Becky Hugh Jeff Seattle Amanda Walmart The Wall Street Journal
Will rent relief come soon enough?

Marketplace with Kai Ryssdal

02:11 min | Last month

Will rent relief come soon enough?

"We're gonna start off the show with evictions which surely is on the minds of millions of people consuming them making it hard to focus or sleep or do much of anything at least fourteen million people are currently behind on rent. That's according to the latest data from the center on budget and policy priorities. The only thing keeping many of them in their homes is the cdc's eviction moratorium but that is set to expire at the end of the month. Now president elect joe biden. He says he wants to extend federal eviction. protections through september and as marketplace's samantha fields reports. He is also proposing billions in rental assistance. Congress just approved twenty five billion dollars in rental assistance as part of the latest covid relief package in december. douglas rice. The center on budget and policy priorities says that money can be used both for background and future rent payments. Maya submit that anywhere from two to six million households. This year will be helped yet. It's still just a fraction of the more than fourteen million adult renters who report being behind on rent. President-elect biden has proposed an additional twenty five billion but it will likely take awhile for rental assistance to actually reach people that is why housing advocates are pushing biden to extend and strengthen federal eviction protections before they expire this month. Emily benn for chairs the american bar. Association's covid nineteen committee on addiction the current. Cdc moratorium isn't protecting everyone. Many tenants are not aware of their rights under the eviction moratorium or they feel intimidated in triggering. Their rights strengthening the federal moratorium would give state and local governments time to get rent relief out to the people who need it says. Zach newman. an attorney with denver-based covid nineteen addiction. Defense project it just seems like a really terrible outcome of this moment to have hundreds of thousands or millions of people around the country when money is on the way that newman says is his biggest fear. That tenants will be affected right before rental. Assistance arrives i'm samantha fields for

Center On Budget And Policy Pr Samantha Fields Douglas Rice Elect Biden Joe Biden CDC Emily Benn Maya Congress Biden Zach Newman Denver Newman
Hello Fresh Had a Great Year, But Microwavable Meals Did Even Better

Business Wars Daily

02:37 min | 2 months ago

Hello Fresh Had a Great Year, But Microwavable Meals Did Even Better

"With on again off again covid restrictions keeping hungry mouths out of restaurants. It's no surprise that twenty twenty was a banner year for cooking at home. That's been great for meal. Kit companies like hellofresh and blue apron. Homebound customers tired of familiar recipes flocked offerings like smashed black bean to start as in meatloaf la mom already and under forty-five minutes hellofresh orders grew one hundred fourteen percent over a year ago according to a statement from the company as much as meal kits have shown during the pandemic though. There were no match for their biggest rival. The microwave twenty twenty was a record year for the frozen food. Aisle sales of microwavable ready meals in the us grew to more than twenty five billion dollars last year. Outpacing the growth of all other grocery items according to market research published by global industry analytics. This increased demand sent items. Like tinos pizza rolls. Marie calendar's is and trader. Joe's tikka masala flying off their ice shelves twenty twenty also saw gin hot pockets that came as a blow to military bases where the microwavable meat and cheese filled bread bars or a snacking staple so report stars and stripes magazine nestle owned stouffer is meanwhile celebrated its record year by debut in a shop where it showcased food themed clothing with slogans like cheese. Self care yeah. That one's a little debatable. Live laugh lasagna. T shirts aside. However microwaveable meals showed they could adapt to the times amy's kitchen which built a brand off organic and vegetarian. Ready meals enjoyed sales bumps up to seventy percent for some of its products as reported by food navigator usa dot com nestle. Meanwhile grew it's plant based offerings by forty percent in two thousand twenty on top of organic and meatless options. Healthy choices have been winners to namely the company's diet brand lean cuisine that is until december when pieces of plastic from a broken conveyor belt ended up in a batch of frozen mashed potatoes. I guess that means this time. At least the lou calorie frozen meals might actually tastes like plastic nestle recalled ninety two thousand pounds of their lean cuisine baked chicken and potato variety as we emerge from the pandemic. It remains to be seen whether pre-prepared microwaveable meals will continue their meteoric rise. Customers might be looking for a break from all that processed food. just ask allison robot celli. Who eight and reviewed thirty five hot pockets in four days for the takeout when recalling the experience she says nobody should attempt this without a note from their doctor

Marie Calendar Nestle Tikka Masala Stouffer LA USA JOE Allison Robot Celli
Stocks End at Record Highs After Trump Signs Virus Relief Package

Yahoo finance daily

02:24 min | 2 months ago

Stocks End at Record Highs After Trump Signs Virus Relief Package

"Stocks end at record highs after trump signs virus relief package stocks jumped on monday to reach record levels after president. Donald trump signed a virus relief package following a multi day delay. The dow rose zero point seven percent or about two hundred points while the s. and p. Five hundred rose about zero point. Nine percent and the nasdaq added zero point. Seven percent each of the three major indices record intra-day and closing highs adding to their year to date gains in the final week of two thousand. Twenty trump gave approval to congress's bi partisan nine hundred billion dollar stimulus package sunday evening after objecting to the bill earlier last week in approving the stimulus package trump also signed congress's four trillion dollar omnibus omnibus bill providing funds for the government through the end of the fiscal year. Averting a government shutdown. The virus relief package included a more modest six hundred dollar payment. That fell short of trump's demand to cut two thousand dollar checks to most americans trump also called for lawmakers to cut items. He considered wasteful and unnecessary in the bill house speaker. Nancy pelosi is set to hold a roll call. Vote over a separate measure to increase the direct payments on monday after having failed to pass it through unanimous consent on thursday it is unclear whether or when the republican controlled senate would take up the measure in its current form. The stimulus package includes a host of measures to support individual americans and businesses struggling amid the ongoing pandemic. Which as of monday sickened more than nineteen million people in the us. The legislation includes approximately three hundred and twenty five billion dollars in aid for small businesses and replenishes the paycheck protection program and extends federal unemployment benefit programs and offers an enhanced three hundred dollars per week in jobless insurance still the delay on signing the bill into law created a lapse in unemployment benefits for the about fourteen million americans claiming federal pandemic unemployment assistance and pandemic emergency unemployment compensation as both of these programs expired on saturday without the new stimulus measures to renew them. There is likely to be a brief delay in restarting these programs. Under the new authorization experts have said

Bill House Donald Trump Congress Nancy Pelosi Senate United States
COVID-19 Relief Bill Could Stave Off Historic Wave Of Evictions

NPR's Business Story of the Day

03:49 min | 2 months ago

COVID-19 Relief Bill Could Stave Off Historic Wave Of Evictions

"Unless there's more help from congress coming. Millions of americans who rent their homes could be evicted in the middle of the winter. We don't know if the covid relief bill will be approved. Congress negotiated for seven months struck a deal and then the president called it a disgrace. But what's in this legislation that could help renters. Npr's chris. arnold has been looking into. Good morning chris. hey oil. what's in the relief bill. That could help people from being evicted. Well there's twenty five billion dollars for rental assistance. We haven't seen that before. And that goes to states and cities renders apply. The money goes to the landlords. And the money's supposed to go to people who need it. The most based on recent income the bill also extends unemployment benefits and twelve million. Americans are set to lose those unemployment benefits the day after christmas. That would just be a colossal disaster. So avoiding that prevents a lot of addictions to i talked to christina resolves with texas hauser's. It's a low income housing nonprofit and it's in texas where we've seen thousands of victims happening already. She says this bill is a big help. it will provide relief to millions of people who've been struggling to pay rent. Tenants can qualify for up to fifteen months of rental assistance. So tenants who are behind six seven eight. Nine months of rent could be covered by. What's in this bill. She says that twenty five billion dollars is not going to be enough. That's gonna need to be replenished but you know it's a good start also there's a question mark. How long will this take to get up and running. And that's going to depend a lot on the state and the city. Now this bill is i understand. It also extends in order from the c. d. c. That's supposed to prevent evictions because that is a bad thing to happen during pandemic but it only extends it for a month through the end of january. He's really going to help. I think the hope from the housing advocates here is that once the biden administration gets in that this will get extended further into the future and also strengthened because the cdc orders a little flimsy. And and it's not working a lot of places. People are still getting evicted. The cdc could also extend this by itself with doesn't need another act of congress also. Interestingly the rules of the rental assistance program appear to require that the renter is still in. The property has not been evicted yet. So that creates a pretty powerful incentive not to kick people out. If i'm a landlord. And i'm owed five months of back rent. That's a strong incentive to keep the person there so you put all this together. It's a pretty powerful package. That should help a lot of people. You've been talking to people who are at risk of eviction or who are going to show a lot of background. Tell me what you've been hearing. Well i talked to one person in seattle who after losing her job as a hairstylist. Owes ten thousand dollars in back rent. It's definitely a relief for me. That's on a braxton husband also had his hours cutback and they've got two kids. I mean obviously the timing is significant just because it is christmas this week so i just able to be like okay like we can still get certain things for christmas. We can do this. We'll still be okay. We're still going to be afloat. And what about landlords. Who haven't been getting rent money. How are they reacting well. Landlords have been complaining throughout the pandemic that looked like these various eviction moratoriums. But who's going to pay the rents if the tenants not paying the rent. Well now there's twenty five billion dollars to pay the rent and landlord groups. That i talked to are very happy about that. The bill though as we've been reporting has hit this last minute. Snag that the president's but attacking it so we're just going to have to see what happens there for sure. Npr's chris arnold. Thanks chris we appreciate it. Thanks and well

Texas Hauser Chris Biden Administration Congress NPR CDC Arnold Christina Texas Braxton Seattle Chris Arnold
Congress passes massive COVID relief and government funding bill

WSJ Your Money Briefing

06:51 min | 2 months ago

Congress passes massive COVID relief and government funding bill

"The new nine hundred billion dollar coronavirus relief package includes a range of measures to help the country through the pandemic among them. A second round of stimulus payments for american households treasury secretary steven mnuchin said that we should start seeing payments in bank accounts early next week but it seems like this is on track to happen relatively quickly even faster than Than last time. Coming up our tax reporter. Richard rubin will explain what's changed since the last round of checks went out plus our reporter andrew dern. We'll take us through the parts of the aid package benefiting unemployed workers and those facing possible eviction. It's after the break. Us households along jobless americans and renters struggling to make payments are all in line for some relief. The nine hundred billion dollar corona virus aid package. We'll talk about unemployment and rental assistance with a reporter andrew during later in the show. But first let's bring in our tax reporter. Richard rubin from more on the new random direct payments that. Come with the package richard. Thanks for being with us. Happy to do it. So first of all. Who's in line to get a check this time. So the checks are going to largely the same group as got checks the first time around in the spring. There's some slight changes in eligibility with the basics are the same. It's anyone who's got income for an individual up to seventy five thousand. Get the full payment for married couples. One hundred and fifty thousand have to have a social security number Children are eligible but there are no payments for non child dependence so in college students or elderly adults who are dependents. You can get a payment even if you have no income and if you're or if you have social security or veteran's benefits or any of those kinds of things you're eligible. The one big eligibility change is what we call mixed status families household where one spouse has a social security number in the other spouses maybe unauthorized immigrant and doesn't Social security number in the first round they were ineligible and this time they are actually retroactively eligible for the payment. Just for the one spouse in any children who have social security numbers so you report. The stimulus checks could go out next week. That seems like a faster turnaround than the last time right. Yeah and somebody's because of the work they did. Last may have the file basically the computer files load up with the right number six hundred dollars per adult six hundred dollars per child and send the money to bank accounts and they've got more bank information than they had in the spring because of people who don't typically filed tax returns but updated their information with the irs treasury secretary. Steve mnuchin said that we should start seeing payments in bank accounts early next week but it seems like this is on track to happen relatively quickly even faster than Than last time. Now how about people who prefer to receive a paper check so they would get it a little bit later. We're still trying to figure out exactly how long that would take. The legislative text of the bill seems to suggest that payments will be done by january fifteenth. And then any one who hasn't received one by then basically can claim it as part of their twenty twenty tax return. So that's one thing that we're kind of looking for some additional clarity on as we go forward here is exactly how this would work for people who might need a paper jacket. Might be that end up getting it on your As part of your tax return okay. So you report. The checks are based on household data from two thousand nineteen. But what if someone's family size change since. The last checks went out in the spring. So that's where the fact that all gets reconciled them. The twenty twenty tax return is important. But it's a one way reconcilable so if you had a child anytime in two thousand and twenty. They wouldn't have been reflected on the first payment or the second one. And so you would get eleven hundred extra as part of your tax refund or lowering your tax payment when you file your twenty twenty tax return the other reason you might see some people changes is if your income went down say you earned one hundred thousand twenty nine thousand nine but then your income went down so you qualify for more for the full payment for twenty twenty. Then you'd be able to claim that on on your tax return but the keeping it doesn't go the other way if your income went up to go out of the rain or any payment the you don't have to pay that back any payment you got. You don't have to pay back if you're if you're eligibility either. In terms of income dependence changes between the time of the payment of the time you value tax return. All right. That's tax reporter richard rubin. The relief package also includes measures to assist jobless. Americans and renters could be facing eviction of the end of the month for more on that we've got reporter. Andrew durham on the line from washington andrew. Thanks for taking the time to be with us. Yeah thanks for having me so this is definitely good. News for people receiving unemployment benefits. How do the numbers stack up for them. So yeah there. There's a few measures in this bill. That will help folks who are on unemployment insurance the probably the biggest one is that people who are receiving unemployment insurance right now. We'll get an additional three hundred dollars per week from the federal government so it will just increase the size of the assistance for for people who are receiving State unemployment payments other measures in. There is that it extends to other unemployment programs by eleven weeks so one of the things that are two of the things that congress did earlier this year when they first started passing relief legislation for covid nineteen is they expanded the number of people who can claim unemployment benefits to include a gig workers contract workers and freelance workers folks like that who don't typically qualify and then they also extended the timeline for state unemployment benefits so that they lasted an additional set a time and so the total time line for folks who could for receiving state unemployment benefits now Thirty nine weeks and so this bill adds onto that even further so that that that number thirty nine weeks now becomes fifty so folks who were facing the possibility of having their unemployment benefits ending In the coming week here we'll now have another eleven weeks to to draw from those benefits and the clock's ticking from any renters. A lot of them have been struggling to make payments and faced possible eviction at the end of the month when some federal protections expire head. Us a covid bill address that so it does too big things for renters in the bill. First of all it gives a twenty five billion dollars in rental assistance. That's that's aimed at kind of low income americans to help them try and cover rent in the first place but then on top of that it extends conviction moratorium which has been in place for much twenty twenty-eight it extends out for another month so that will now last it was it was set to end at the end of this month but it will now end and at the end of january so those are the two those are the two main things got folks who are worried about paying. Rents will be able to count on now

Richard Rubin American Households Treasury Steven Mnuchin Andrew Dern Irs Treasury Steve Mnuchin Andrew Andrew Durham Richard United States Federal Government Washington Congress
Snags on COVID-19 relief may force weekend sessions

AP News Radio

00:43 sec | 2 months ago

Snags on COVID-19 relief may force weekend sessions

"Hi Mike Rossi a reporting talks on a new covert nineteen relief package are dragging with final agreement proving elusive a weekend session for Congress appears all but certain as lawmakers work to produce a long awaited Kobe nineteen economic relief package all sides agreed this is a must pass situation negotiators reported behind the scenes progress Thursday night key items that appear in place include a three hundred dollar per week boldest federal jobless benefits one time six hundred dollar direct payment to most individuals twenty five billion dollars in aid to struggling renters and more than three hundred billion dollars in aid to businesses the covert relief package would be combined with a one point four trillion dollar government wide funding bill might cross the Washington

Mike Rossi Congress Washington
How To Shop Safely Online This Holiday Season

NPR's Business Story of the Day

04:07 min | 3 months ago

How To Shop Safely Online This Holiday Season

"The three biggest holiday shopping days of the year. Our thanksgiving black friday and cyber monday american spent twenty five billion dollars online this year. A record and if you're crooked an opportunity washington post columnist michelle. Single terry covers personal finance. She talked to steve about what you can do to protect yourself from scammers. You have given a list of things not to do. List of don'ts let's run through them and you can tell me why you say. Don't use your debit card. Why not right. You should think of your debit card like flying coach. Not just coach the middle seat. It just doesn't give you a lot of protections it doesn't give you the same protections as your credit card and it's also tied directly to your bank account so that if someone compromises you debit card. They're going to be taking money. That you might need to pay your rent your mortgage whereas with the credit card. You're not liable for fraudulent charges. And so you don't wanna use your debit card online. That is connected to your cash money in your bank account. Okay you also say. Don't be fooled because you're looking for a bargain. Lots of people are out of work or their income has been reduced. And so they're naturally looking for discounts and rewards and the scammers know this so they're sending emails shaw. You've won fifty dollar gift card to amazon for all your shopping enemies. You've been shopping a lot on these platforms. You like okay. That might make sense but it does. So that's how people protect themselves. Just a blanket. I don't click anything. Even if i'm expecting a delivery and i get a note i go to the website to double check and track from that platform. You also say don't be so loyal. Loyalty sounds so nice. Though why not be loyal to a merchant. Well anybody who has had an account with just about any company these days knows that data breaches has been happening like a diamond doesn't and so your data is out there. When you sign up for these loyalty programs now a retailer or maybe a grocery store that you frequent often then sure you get your discount but if you're just shopping for something and and a website is all just join our law program. Now try to limit the amount of your personal information that is online now in addition to the don't you have some things to do and one of them seems related to that checkout as a guest rather than giving all of your information permanently to a merchant is that for the same reason it's for the same reason the more information that you put on these sites the more likely that your data is going to be out there hackers going to hack them. Just check out as a guest. Don't store your credit card information that increases the likelihood that it's going to be compromised. You've just got to really protect yourself and take that extra step to look and check out sites before you use them. Do you have a sense of whether the problem of fraud has increased as online sales have increased during the pandemic talking to consumer advocates and experts at the federal trade commission and they have seen an uptick in scams the scammers playoff with news. So they know lots of people shopping online. So that's why you probably have seen an increase in a number of emails that you're getting about discounts and things like that so there is more scamming out there the to become so sophisticated you have to think like a criminal almost to save yourself from being scammed. Do you enjoy shopping online. I don't enjoy shopping at all. I look at it as a chore. And so i have a lot of anxiety at this time of year. But if you're gonna shop if gift-giving is your love language. Just be careful because the scammers are coming for you. Michelle single territories a pleasure talking with you. Thank you so much thank you.

Washington Post Michelle Terry DON Steve Shaw Amazon Federal Trade Commission
Pelosi and Schumer back $900 billion coronavirus stimulus plan as basis for negotiations

TIME's Top Stories

02:28 min | 3 months ago

Pelosi and Schumer back $900 billion coronavirus stimulus plan as basis for negotiations

"Lots of corona virus. Relief packages are floating around the hill. That doesn't mean help is on the way by. Philip elliott the headlines coming out of capitol hill. This week might have you think. Another round of much-needed coronavirus relief. Just a few details away. After months of stalemate since the last relief significant bill was passed back in march. It looks like there is finally some momentum peel back the veneer just a little however and the reality reveals itself to be far more complicated. Let's go through the three options that have captured the imagination of lawmakers and advocates alike. Even more may eventually be thrown onto the negotiating table and elements of each of these may bleed into the others but let's not make this too messy at least not at first one. A bi partisan group of senators on tuesday unveiled a nine hundred and eight billion dollar proposal. That looked to split the difference between house. Democrats two point four trillion dollar offer and senate republicans six hundred and fifty billion dollar offer. Part of the total cost would come from some of the five hundred dollars in unspent money from the last round of relief so the price tag is a little misleading. It's a stopgap measure that has growing support from rank and file lawmakers who are finding it more and more difficult to justify inaction in pursuit of the perfect. This proposal would stretch through the first fiscal quarter of calendar year. Twenty twenty one or until the end of march and would cobble together hundred sixty billion dollars to fund a state and local governments. That are running. on fumes. As tax revenue has dried up with the economic downturn. The measure also has more than three hundred billion dollars in loans and grants for small businesses. Twenty five billion dollars in relief for renters an extra three hundred dollars per week for unemployed americans it does not however include an extra twelve hundred dollar stimulus payment. That house speaker. Nancy pelosi in president. Donald trump both backed treasury secretary. Steven mnuchin said. He was reviewing the bipartisan proposal. The white house called it a non starter saying it plan to work with senate majority leader mitch. Mcconnell and house minority leader kevin mccarthy on a targeted covid relief plan to pelosi and senate minority leader. Chuck schumer have their own democrats only outlined for a new offer. They haven't released details but it was sent over to mcconnell in a private letter on monday. The draft was meant to restart negotiations which have been hold for weeks in most unhelpful. Move mcconnell announced the offers existence and further frustrated democrats who say republicans aren't negotiating in good faith. Democrats have insisted cash be included for state and local governments a major point of dispute for many republicans. Who say it's not washington's problem to fix local budgets. No total cost was attached

Philip Elliott Senate Steven Mnuchin Nancy Pelosi Donald Trump Kevin Mccarthy Mcconnell Chuck Schumer Treasury White House
Think a coronavirus economic package is just around the corner? Not so fast.

TIME's Top Stories

05:37 min | 3 months ago

Think a coronavirus economic package is just around the corner? Not so fast.

"Headlines coming out of capitol hill. This week might have you think. Another round of much-needed coronavirus relief is just a few details away. After months of stalemate since the last relief significant bill was passed back in march. It looks like there is finally some momentum peel back the veneer just a little however and the reality reveals itself to be far more complicated. Let's go through the three options that have captured the imagination of lawmakers and advocates alike. Even more may eventually be thrown onto the negotiating table and elements of each of these may bleed into the others but let's not make this too messy at least not at first one. A bi partisan group of senators on tuesday unveiled a nine hundred and eight billion dollars proposal that looked to split the difference between house. Democrats two point four trillion dollar offer and senate republicans six hundred and fifty billion dollar offer. Part of the total cost would come from some of the five hundred billion dollars in unspent money from the last round of relief so the price tag is a little misleading. It's a stopgap measure that has growing support from rank and file lawmakers who are finding it more and more difficult to justify inaction in pursuit of the perfect. This proposal would stretch through the first fiscal quarter of calendar year. Twenty twenty one or until the end of march and cobble together one hundred and sixty billion dollars to fund a state and local governments that are running on fumes as tax revenue has dried up with the economic downturn. The measure also has more than three hundred billion dollars in loans and grants for small businesses. Twenty five billion dollars in relief for renters an extra three hundred dollars per week for unemployed americans it does not however include an extra twelve hundred dollar stimulus payment. That house speaker. Nancy pelosi and president. Donald trump both backed treasury secretary. Steven mnuchin said. He was reviewing the bipartisan proposal. The white house called it a nonstarter saying it. Plan to work with senate majority leader mitch. Mcconnell and house minority leader kevin mccarthy on targeted covid relief plan to pelosi and senate minority leader. Chuck schumer have their own democrats only outlined for a new offer. They haven't released details but it was sent over to mcconnell in a private letter on monday. The draft was meant to restart negotiations which have been on hold for weeks in most unhelpful. Move mcconnell announced the offers existence and further frustrated democrats who say republicans aren't negotiating in good faith. Democrats have insisted cash be included for state and local governments a major point of dispute for many republicans. Who say it's not washington's problem to fix local budgets. No total cost was attached. Three mcconnell circulated to republicans a new version of the gop plan that would presumably meet with white house approval notably it to did not include a cost meaning to was meant as a negotiating document. The latest incarnation includes small business. Cash a one month extension of base-level unemployment benefits that are set to end at the end of this month. For twelve million americans and legal protections against lawsuits for businesses that are open during the pandemic it notably lacks money for state and local governments. The latest also a plus up unemployment benefits that had been demanded by the white house in earlier drafts in short. Each of these is negotiating. Starting point not a workable idea even lawmakers were at the table for the creation of these ideas acknowledged. they're nowhere near final version. And when you're talking about deals that have perhaps twelve zeros at the end. There's a lot of wrangling left to be done. Meanwhile at least some officials are starting to talk again pelosi. Mnuchin had their first call since election day this week. The pair were the principal negotiators on a follow up deals through the summer until trump abruptly called off negotiations via tweet in october. He later demanded they return. But pelosi wasn't keen to once again. Be set up for failure by amir curiel president in the finals ros of campaign and decided to hold out for the election results. It turns out. Her hand is now weaker as house. Democrats lost seats. President elect joe biden has been in full contact with pelosi and schumer speaking to reporters in delaware on tuesday biden. Said he wants congress to act now. As a first step toward efforts he'd pick up when he takes office on january twentieth but he mcconnell have yet to speak since election day he added for his part. Mcconnell has yet to explicitly say biden is one although he has in roundabout ways suggested he understands who will be in the white house. Come january twenty first. that suggests talks aren't really as far along as some would hope as if this weren't tough enough the. Us government faces a do-or-die moment at the end of next week. The united states is set to run out of cash as the clock ticks past midnight on december eleventh and into december twelve that hard deadline ads and urgency to congress to do something. There is zero political appetite to shut down government in the middle of a pandemic heading into the end of year holiday season. Some lawmakers have talked about attaching corona virus. Relief package to the must pass spending bill in may be a way to get some forward movement but it also gives mcconnell added leverage to limit the size of the tacked on bill. Mcconnell controls the senate floor with an iron grip and ultimately has veto power over the entire agenda in the upper chamber if he says a limited pandemic relief measure is going on the omnibus. it's omnibus arrest for all practical purposes. So we're left with a string of calculations will progressives such a scaled back relief package until they can badger biden in the new year can conservatives stomach any of the red ink and if it does pass will trump sign perhaps the last significant piece of legislation of his one term presidency. The answer to each of those is at best a shruggy emoji without government funding forcing a vote. There's no guarantee mcconnell would bring another round of biden backed relief to the floor. In the new year conservatives will not be eager to give biden early win especially if it carries cash for struggling states and cities and trump seemingly has yet to accept. The movers are showing up at his door next month. It's the perfect cliffhanger for our president who spent so long as a reality show producer hence while the optimism coming off capitol hill. That a solution is in sight is perhaps misdirected.

Mcconnell Pelosi Senate Steven Mnuchin White House Kevin Mccarthy Cobble Mnuchin Chuck Schumer
Cruise industry throws in the towel on 2020, looks to 2021

AP News Radio

00:43 sec | 4 months ago

Cruise industry throws in the towel on 2020, looks to 2021

"The cruise industry has jettisoned hopes of restarting operations this year days after both carnival and Norwegian extended a hold on cruises through the end of the year the group that represents cruise lines with ninety five percent of global ocean going capacity has joined them cruise lines international association which includes princess carnival and royal Caribbean said its members have agreed to extend the suspension of U. S. selling operations for the rest of twenty twenty it's a costly move the cruise association is projecting that the suspension of cruises eliminates more than twenty five billion dollars in economic activity and one hundred and sixty four thousand American jobs I'm surely after

Carnival And Norwegian Cruise Lines International Ass Princess Carnival Cruise Association Caribbean
Trump halts COVID-19 relief talks until after election

AP News Radio

00:49 sec | 5 months ago

Trump halts COVID-19 relief talks until after election

"Hi Mike Rossi a reporting president trump walks back his decision to hold off on you coronavirus stimulus until after the election hours after shutting down talks with house speaker Nancy Pelosi on additional covert nineteen relief until after the election president Donald trump backtracked trump took to Twitter Tuesday night and called for Congress to send him a standalone bill for stimulus checks trump tweeted I am ready to sign right now are you listening Nancy the president also called on Congress to immediately approve twenty five billion dollars for airlines and one hundred thirty five billion dollars for the paycheck protection program to help small businesses earlier Tuesday trump if we did the policy was not negotiating in good faith and he asks Senate Majority Leader Mitch McConnell to focus on confirming Supreme Court nominee Amy Coney Barrett might cross the Washington

Mike Rossi Nancy Pelosi Donald Trump Twitter Congress President Trump Mitch Mcconnell Amy Coney Barrett Washington Senate Supreme Court
Trump halts COVID-19 relief talks until after election

AP News Radio

00:49 sec | 5 months ago

Trump halts COVID-19 relief talks until after election

"Hi Mike Rossi a reporting president trump walks back his decision to hold off on you coronavirus stimulus until after the election hours after shutting down talks with house speaker Nancy Pelosi on additional covert nineteen relief until after the election president Donald trump backtracked trump took to Twitter Tuesday night and called for Congress to send him a standalone bill for stimulus checks trump tweeted I am ready to sign right now are you listening Nancy the president also called on Congress to immediately approve twenty five billion dollars for airlines and one hundred thirty five billion dollars for the paycheck protection program to help small businesses earlier Tuesday trump if we did the policy was not negotiating in good faith and he asks Senate Majority Leader Mitch McConnell to focus on confirming Supreme Court nominee Amy Coney Barrett might cross the Washington

Mike Rossi Nancy Pelosi Donald Trump Twitter Congress President Trump Mitch Mcconnell Amy Coney Barrett Washington Senate Supreme Court
Airlines, Facing a Slow Recovery, Begin Furloughing Thousands

What A Day

00:42 sec | 5 months ago

Airlines, Facing a Slow Recovery, Begin Furloughing Thousands

"And now airlines saying they'll be employees since no relief bill has been passed American. Airlines was the first to announce its plan saying it would begin furloughing nineteen thousand employees shortly thereafter united said, it will be forced to furlough roughly thirteen thousand employees immediately back in March with the airlines completely stifled by the public. Health. Crisis Congress passed a twenty five billion dollar program to help cover their payroll costs on the condition that workers not be laid off or have their pay cut before October. I will now it's the second. Airline leaders say the job cuts are unavoidable since so few people are traveling and they're still burning through five billion dollars a month while the nation is still beset by a virus that lawmakers expected with largely be under control by now it's almost like if you want to fix the economy, gotTa fix the virus

Crisis Congress
Massive layoffs at Disney and the airlines

Clark Howard Show

06:02 min | 5 months ago

Massive layoffs at Disney and the airlines

"There are a lot of people. Who this Christmas shopping season going to be on the sidelines. Because we have such a split. In how Americans are doing right now? Economists called the K. recovery. Where the economic situation is going to ways at once there are sectors of the US economy and regions and cities where the US economy is in full recovery mode. And then other parts of the economy where people are. Experiencing layoffs right now maybe even for the first time in a year that over sixty million people have been laid off at one time or another since. March. So. We are going to have. A, very, very confusing. Outlook on the economy. Because some sectors are now getting worse is an example. There was a lot of. Publicity surrounding not the kind they want. About. Walt Disney Company laying off twenty eight thousand more people. And they are just the tip of the iceberg in what's happening in the hospitality industry a new report that ran in the financial press. Just two days ago is that seventy percent? Of hotels in the United, states would likely to go bust either close till a new buyer emerges or file for bankruptcy because the travel industry is just dead debt and then tomorrow is when the airline layoffs start rolling out if you're not aware. we the. American, people. through our representatives in the Congress gave earlier this year twenty, five, billion dollars to collectively the group of Nations Airlines. And return the airlines had to commit to not lay anybody off till October first. So. Here we are at the point of the layoffs. To Airlines have been able to work out accommodations with their employees that there will not be layoffs for now, and that's Delta and southwest. And the others are laying off a head count and what looks like it's the many tens of thousands collectively among the airline industry, the Casino Industry. Devastated beyond measure. because. You think about the things that put you at the greatest risk. Of Getting Corona virus it's being an enclosed space for a significant period of time around this substantial number of people. So Casino Casino Casino Right. All those conditions and so. People I know who are really end gambling. And had been going to casinos one of my friends who loves it told me recently that he and his wife went to a casino. And they were found it to pressing because it was like, no one there it just didn't have. Any of the life to it. And so casino workers. Are being laid off and massive numbers. So you know about the consequences for the restaurant industry what we've got. is any sector that fits those things I described with the casinos. Where you're into indoors you around potentially a lot of other people for a substantial amount of minutes. Those are key gateways to get in corona virus and there are people who are like, Hey, what me worry, but there's enough because all these activities that people are choosing not to do. Or voluntary activities not for the workers but for the customers. And people are saying you know that's really something I'm not going to do and I talked about the movie theater issue same thing as well. And so we. FACE THE PROSPECT OF WAITING Until. There are effective treatments that people have confidence in. Or? There are enough people get vaccinated by vaccine that people trust that takes us pretty far in the future. Third Alternative that has worked very well in a number of other countries. Is that we go to a strict regimen. very well organized testing program. Where you find out who has corona virus early. Where you test in huge numbers and repeatedly, and then you prevent the community spread countries that have done. So their economies are actually as large or larger. Than they were a year ago, and so that's something we could certainly be looking at as a country that we have not been. So. Know that there are people are going to need your help. There are people around you in your community who if you're doing fine, there are people who are going to need assistance from charities they're going to need food to eat. There are a number of things that are really at flashpoints for a lot of people who work in certain professions and A, few cities are facing extreme hardship and the two facing the worst hardship in the United States Orlando and Las Vegas where the economies are totally dependent. On tourism. That's just not there.

United States Casino Industry Group Of Nations Airlines Walt Disney Company Congress Delta United Orlando Las Vegas
Airlines Are Asking for a Second Bailout. Congress Should Say No.

Marketplace with Kai Ryssdal

02:00 min | 5 months ago

Airlines Are Asking for a Second Bailout. Congress Should Say No.

"We begin today with airlines their CEO's and union leaders are begging Congress for an extension to the twenty five, billion dollar industry bailout that was part of the cares act travel demand isn't returning fast enough, and now the industry is warning of a massive wave of layoffs if lawmakers extend funding before October first, but Congress is fighting and. Preoccupied. So where does that leave the airlines and their employees marketplace's Andy Euler reports according to the Trade Group Airlines for America passenger volume is off about sixty five percent from a year ago and airlines are collectively burning through five billion dollars. Each month CEO Nick Kelly says airlines are asking for six months federal help because hopefully by then we will be over the Hump and we will start to have a pickup and travel by next spring. The conditions of the previous bailout protected workers until October First Kalua warns that up to one hundred, thousand airline employees could soon join the ranks of the unemployed and Robert W man, a former airline executive and industry consultant says a second bailout would help the US economy recover faster when the pandemic Wayne's if the industry were to fall into disrepair if it were to fall into. Destructive restructuring during the pandemic, the question would be, what would you have around to help your on the other side? When exactly we get to the other side of the pandemic it's still murky and Federal Nikkei Day Rusia George Mason University says, another twenty five billion dollars is not going to solve the problem. This is justice coning the inevitable as long as the demand doesn't go back up. This is just basically a band-aid patch. She says bankruptcy would be the best option airlines have shown that they can emerge from restructuring healthier, and she says that needs troubled airlines don't pose a major risk to the economy at large. I made Euler

Trade Group Airlines Ceo Nick Kelly Congress CEO Andy Euler Wayne Rusia George Mason University United States Kalua America Robert W Executive Consultant
Airline Workers Brace As Federal Aid Runs Out This Month

NPR's Business Story of the Day

03:29 min | 6 months ago

Airline Workers Brace As Federal Aid Runs Out This Month

"Employees at the nation's airlines are getting nervous many pilots flight attendants mechanics in customer service agents have been kept on the payroll since March only with the help of federal aid that funding runs out at the end of this month, and if it's not extended tens of thousands of them could be out of work on October first from Chicago. NPR's David Schaper reports. Several dozen flight attendants, pilots, and other airline employees masked up as they chanted and marched around the Federal Plaza Downtown Chicago Wednesday to draw attention to what they say is a dire situation. So I'm I'm coming up on four decades of service and I have to tell you I have never seen anything like this in my career with United Airlines United Flight Attendant Jeff Highs says he's not just talking about the calamitous drop in the number of people flying because of the pandemic lot. The impending mass layoffs year and his co workers are facing. Unless twelve thousand of our members are at risk for involuntary furlough and that's just one group of employees at one airline. Industry Wide Cub October. First layoffs could top forty thousand, and that's in addition to the tens of thousands have already taken early retirement or other incentives to leave their airline jobs voluntarily. The initial corona virus relieffactor past March Congress and the trump administration included twenty five billion dollars in grants to airlines to keep paying employees for six months. But now that time is almost up Democrats some Republicans and the president of all said, they favor an extension of the payroll support program but the airline aid was left of the latest relief package proposed this week by Senate, Republicans and the uncertainty weighs. Heavily on airline employees, we're in this limbo right now other holding is a Chicago based flight attendant for American Airlines. Are we going back to work in October? Are Do we have to figure out and find another job? You know we're kind of time crunch right now what our backup plans going to be airline employee unions held a similar rally outside the Capitol in Washington DC to put pressure on Congress. While their bosses at the airlines fret to right now we're fighting for survival make no bones about it. Kallio. Heads a group airlines for America. He says after a brief uptick air travel this summer that peaked over the Labor Day weekend demand is already slumping again is more profitable business travel bookings remain down close to ninety percent is going to be a different world people are to see you're already seen. Fewer flights come October. First, you're going to see a further reduction in the number fledge that are operating Kellyanne other. Say it may take four to five years for the airline industry to fully recover if it ever does wouldn't another round of payroll support funding for the airlines just delay the inevitable of mass layoffs warmer airline Executive Robert. Man Who is now an industry consultant argues the jobs are worth saving. Job in the airline is probably support somewhere between seven and eleven jobs. Elsewhere, the economy is hospitality in these support technologies in other transportation boats in man warns in a couple of airlines may not survive the pandemic without more federal aid. To Gut check question how much of an economy? Do you want going forward congressional and White House to go shooters? We'll have to try to answer that question this campaign season in which the two parties agree on almost nothing. David Schaper, NPR News Chicago.

American Airlines Chicago United Airlines David Schaper Congress Federal Plaza NPR Republicans America Jeff Highs White House Senate Consultant President Trump Executive
"twenty five billion dollars" Discussed on Newsradio 950 WWJ

Newsradio 950 WWJ

01:30 min | 1 year ago

"twenty five billion dollars" Discussed on Newsradio 950 WWJ

"Of twenty five billion dollars in federal grants they're designed to cover airline payrolls for the next six months in Mexico the corona virus has led the makers of corona beer shutter all their worries when the nightmare is over this is Dave Ross on the CBS news as radio network presented by zoom video conferencing a question that keeps coming up at the daily White House briefings is this what happens to middle class people who don't have health insurance will the government pay for corona virus testing and treatment here's how the vice president answer that on Thursday we don't want any American to worry about the cost of getting a test for the cost of getting treatment and that's what obamacare is for what's left of it covers uninsured middle class Americans with pre existing conditions like over nineteen but the vice president didn't mention obamacare because of course the trump administration is sworn to get rid of obamacare instead the vice president said they are considering a plan to compensate the hospitals directly for any corona virus treatment that they provide to uninsured Americans compensate the hospitals directly which is what Medicare does for people over sixty five so this is basically a Medicare for middle class people who get covert nineteen well that's the plan at some point someone will ask if you're doing this for Americans with covert nineteen why wouldn't you also do it for Americans with other even deadlier diseases could it be that we wake up from this nightmare and find ourselves in America that without electing Bernie Sanders ends up with Medicare for all they rose.

Mexico Dave Ross vice president obamacare Medicare America Bernie Sanders CBS White House
"twenty five billion dollars" Discussed on On Point with Tom Ashbrook | Podcasts

On Point with Tom Ashbrook | Podcasts

02:39 min | 2 years ago

"twenty five billion dollars" Discussed on On Point with Tom Ashbrook | Podcasts

"It will be able to to distributes goods through the internet through, you know, various Chinese networks, and it will give China a lot of powers, and and a lot of income as well. So that's something, you know. That's also why the two countries are competing because there's a there's a big business behind it. Well, and I'm seeing here though, that the United States is already far behind China in spending on development of five G infrastructure. Right. I mean, they've kinda has outspent the US by almost twenty five billion dollars already is that a gap that can be closed. I it's a big deal. I mean, a I is another one. I mean, it's one of the top priorities of the of the Xi Jinping government again. It's all connected to a grand strategy to the to the to the Belton road initiative to the digital. Silkroad all these concepts that have been lounged in twenty thirteen by president. She and that a very important for the future of China. And it's not just now it's really we're talking about, you know, the next decayed. Okay. So Philip liqueur and Clint Finley hang on here for just a second. Because I'd like to welcome into the conversation. Jessica Rosen Warsaw. She's joining us from Washington. She is a Commissioner for the FCC the lone democrat on the FCC right now. She was appointed by President Obama in two thousand eleven confirmed in two thousand twelve and then reappointed by President Trump and confirmed in two thousand seventeen Jessica Rosenthal. Russell welcome to the program. Thank you for having me. Okay. So lots to dig in here too. But but first let me just ask you, what's your genuine reaction or response to the DOJ's indictments against what way? Well, it's something we're certainly following closely. But it is outside of our jurisdiction at the Federal Communications Commission. We are by and large focused on figuring out how to get spectrum out and get facilities built on the ground. So that the United States has a fighting chance to lead in five G technology. Okay. So I I hear the the regulator in using that that's not my wheelhouse. You got to know when things are above your paygrade fair enough. But so, but then talk to me, though, about the what the situation you see here in the United States regarding the the development of five G infrastructure. How far behind is the United States vis-a-vis China, and why does it matter? Well, I think the best way to talk about this is actually to talk about four g four g wireless technology came about about a decade ago. And with the advent of the iphone what we saw when the United States lead in four G technology is this huge ecosystem a phone related devices and.

United States China Jessica Rosenthal Commissioner Federal Communications Commiss Jessica Rosen Warsaw President Obama president Xi Jinping President Trump DOJ Philip liqueur Clint Finley Russell Washington five G four g twenty five billion dollars
"twenty five billion dollars" Discussed on On Point with Tom Ashbrook | Podcasts

On Point with Tom Ashbrook | Podcasts

02:39 min | 2 years ago

"twenty five billion dollars" Discussed on On Point with Tom Ashbrook | Podcasts

"It will be able to to distributes goods through the internet through, you know, various Chinese networks, and it will give China a lot of powers, and and a lot of income as well. So that's something, you know. That's also why the two countries are competing because there's a there's a big business behind it. Well, and I'm seeing here though, that the United States is already far behind China in spending on development of five G infrastructure. Right. I mean, they've kinda has outspent the US by almost twenty five billion dollars already is that a gap that can be closed. I it's a big deal. I mean, a I is another one. I mean, it's one of the top priorities of the of the Xi Jinping government again. It's all connected to a grand strategy to the to the to the Belton road initiative to the digital. Silkroad all these concepts that have been lounged in twenty thirteen by president. She and that a very important for the future of China. And it's not just now it's really we're talking about, you know, the next decayed. Okay. So Philip liqueur and Clint Finley hang on here for just a second. Because I'd like to welcome into the conversation. Jessica Rosen Warsaw. She's joining us from Washington. She is a Commissioner for the FCC the lone democrat on the FCC right now. She was appointed by President Obama in two thousand eleven confirmed in two thousand twelve and then reappointed by President Trump and confirmed in two thousand seventeen Jessica Rosenthal. Russell welcome to the program. Thank you for having me. Okay. So lots to dig in here too. But but first let me just ask you, what's your genuine reaction or response to the DOJ's indictments against what way? Well, it's something we're certainly following closely. But it is outside of our jurisdiction at the Federal Communications Commission. We are by and large focused on figuring out how to get spectrum out and get facilities built on the ground. So that the United States has a fighting chance to lead in five G technology. Okay. So I I hear the the regulator in using that that's not my wheelhouse. You got to know when things are above your paygrade fair enough. But so, but then talk to me, though, about the what the situation you see here in the United States regarding the the development of five G infrastructure. How far behind is the United States vis-a-vis China, and why does it matter? Well, I think the best way to talk about this is actually to talk about four g four g wireless technology came about about a decade ago. And with the advent of the iphone what we saw when the United States lead in four G technology is this huge ecosystem a phone related devices and.

United States China Jessica Rosenthal Commissioner Federal Communications Commiss Jessica Rosen Warsaw President Obama president Xi Jinping President Trump DOJ Philip liqueur Clint Finley Russell Washington five G four g twenty five billion dollars
"twenty five billion dollars" Discussed on KOMO

KOMO

02:26 min | 3 years ago

"twenty five billion dollars" Discussed on KOMO

"And komonews dot com despite his misgivings president trump has signed at one point three trillion dollar spending package that keeps the government open until september the thirtieth however it was not without a lot of criticism from the oval office joining us now from washington is abc's maryalice parks and despite the threat of veto president trump signed it water his concerns the president doesn't like that this bill doesn't include money for his big beautiful wall remember that the white house after about twenty five billion dollars would it be who build a two thousand mile walk and the back congress designated just over a billion dollars for increase the border security and only gave the thumbs up for about thirty three miles of additional fencing and sort of concrete construction so that's nowhere near what he was hoping it was that is only issue because he talked about a number of other things in that signing ceremony right it was not the only issue this white house and the president proposed really dramatically shrinking the size of the federal government the white house's budget proposal would have last the environmental protection agency by thirty percent for example and zeroed out programs like the national endowment for the arts instead this budget really keep funding levels across the federal government at levels really similar to two thousand seventeen level to what were it some of the things that the president did like because despite his complaints he signed it he likes the fact that this increases money for the military that's been a republican priority and over the last few years they have data point of steadily and pretty pretty significantly increasing the pentagon and defense department's budget and this bill was no exception it really increased military spending where's the money going do we know that's a good question there's some of that will be designated for increase of weapons development and deployment of new weaponry but a lot of it is undefined and we'll be up the pentagon and the department of defense to allocate themselves but again the president sort of what he was begrudgingly signing the bill and complaining about it as he was talking about it he said it was for national security reasons that he had to still sign scientists bill that he says he filled up like the also said in in fact he threatened congress not to send another bill like this to his desk.

trump washington president congress federal government white house pentagon abc twenty five billion dollars three trillion dollar billion dollars thirty percent
"twenty five billion dollars" Discussed on KQED Radio

KQED Radio

02:11 min | 3 years ago

"twenty five billion dollars" Discussed on KQED Radio

"Citizenship but included twenty five billion dollars for border security but no limits on legal immigration that also failed it only got fifty four votes in support of it and the third option was president trump's plan that he had put forward the path to citizenship the wall money and new restrictions on legal immigration for families and getting rid of something known as the visa lottery programme that was also rejected it only got thirty nine votes in support so the only bill the president said he would support was also the one that had the least amount of support in the senate what does this mean the end of the immigration debate in congress it's really hard to know it was odd john cornyn who's the number two senate republicans had he did not anticipate any more floor time on immigration but he has noted as have other senators that there could still be another bite of this apple congress still has to pass in march in honor of a spending bill is unrelated to immigration but it's a must pass vehicle and it is seen as potentially a vehicle that they could include and immigration fix onto that uh but it does seem pretty clear that if the senate campath something and president trump won't sign it the house probably won't take anything up at all so where we are right now is really unclear and what about the pressure of that march fifth deadline that is also unclear because there's been to court injunctions against what the president ordered so senators say they have a little bit of flexibility there because the programme is still being administered a or durban dick turban who's the number two democrat in the senate said if they do nothing on daca if there is no fix if the programme ultimately ends means about a thousand daca recipients roll out of the program every day they lose their work permits and the entire programme would phase out over about a two year period and pure susan davis thank you you're welcome in the crush of reporters covering the news around the shooting and parkland florida is a 23yearold journalist named lulu ramadan she's been a community reporter at the palm beach post for three years since she graduated from college she tweeted quote i envy reporters who only covered an out of the blue mass shooting once upon a time that's because in her threeyear journalism career she has covered three mass.

trump president senate john cornyn congress florida reporter apple susan davis palm beach twenty five billion dollars three years threeyear two year
"twenty five billion dollars" Discussed on KQED Radio

KQED Radio

02:13 min | 3 years ago

"twenty five billion dollars" Discussed on KQED Radio

"Dreamers twenty five billion dollars for a border wall limits to socalled chain migration familybased immigration and changes to the green card lottery but you still need democrats to pass this thing even fellow republicans like jeff flake and lindsey graham have said the president's proposal proposal essentially is not going to fly how do you get the votes you need or good mentioned before yesterday is that this is a rare moments actually put thinks of the floor actually have opened debates bringing amendments to the floor and i say let's see if we can work through the process there's tremendous diversity of opinion across the country of how you handle the immigration issues and it's not always republican democrat sometimes it's a regional issues bumps it's uh dealing specifically with those students that are in dhaka but this particular proposal not only give citizenship to one point eight billion people i does a lot more than just a border wall this is really a system of both laws and of enforcement along the border and then also obviously security barriers in such written needed technology in some places while wall in some places where it's needed and but it's also deal with the victory of relevant issue of a family read reunification a secrets about twenty years uh to be able to come through the legal process uh because that twenty year backlog it actually incentivizes or illegal immigration would like to be able to bring up downstairs rational number so this is an open debate debates where would you be willing to concede today well actually you and i are debating this in the during what the law is will do chance go the safe or they'll be lots of amendments of that will go through it but i would say that so my main focus is those four areas of the the visa lottery the guy family unification four seven that very long backlog of border security and a nationalization for those individuals that are daca daca eligible at those will be the four corners of at the house is already said those four things have to be there the white house has already said third or things have to be there there's a lot of friday within those four but those four have to be there fronts to actually make law not just passed the bill in the senate and you also sit on the senate intelligence committee tomorrow you've got the heads of the cia fbi the director of national intelligence.

jeff flake lindsey graham president dhaka white house senate director fbi twenty five billion dollars twenty years twenty year
"twenty five billion dollars" Discussed on KGO 810

KGO 810

02:16 min | 3 years ago

"twenty five billion dollars" Discussed on KGO 810

"A lot going on this week while other stock market went crazy we'll be talking to some experts about that later at twenty two hundred point swing didn't end up twenty two hundred points down but that was a swing from a height allow not long ago there the only twenty two hundred points uh amazing amazing we'll be talking about that the tax breaks for the rich and for corporate america those are now law and so that brings up this question are you now being overcharged for your car in home insurance consumer federation of america thanks so so does anybody who actually just looks at this they're the ones bringing it up now if you're jing um all of these state insurance commissioners to cut premium following the federal tax cuts the nonprofit tests insurance customers will be over build twenty five billion dollars in less commissioners order rate cuts now here's how insurance works it is regulated statebystate and generally they look at how much money the regulators look at how much money the insurance companies are going to make and then they award them what they think is a fair amount well now that they're getting all this tax money back perhaps sets out a fair amount anymore and that's what the federal excuse me consumer federation is say is that the deals were cut when they pay more in taxes while they're gonna pay half as much taxes or whatever amount less than we need to get the break um because the insurance will cost less to provide i'm here in the state of california are ensured fragments already working on a big jumped on it immediately if like okay they get a break we get a break until they're already working on it i will bet you dollars two doughnuts states like oaklahoma kansas an idaho utah won't touch these guys they will not rate bank in any of that money they'll just make that much more money.

california utah america kansas idaho twenty five billion dollars
"twenty five billion dollars" Discussed on WCHS

WCHS

01:36 min | 3 years ago

"twenty five billion dollars" Discussed on WCHS

"Of coal know and understand the importance ob the coal industry to our state's economy they know about the sixty thousand jobs the coal industry creates in our state they know about the twenty five billion dollars the industry pumps into our economy and we know that without coal our state would face an economic catastrophe come to think of it that sounds like most west virginians let congress know you are a proud west virginia and you are a friend of coal uh the city that statewide sportsline didn't use in two minutes on metro news boys of west virginia democrat joe manchin is not the good old joe you think you know as joe climbed the political ladder dimension families fortunes grew through epipens the quantity opinion surging joe's daughter is the ceo of the company that sells epi bins heather who the daughter of a prominent politician good old joe appointed his wife to the school board epi pins were pushed into schools and the profits from epi pin pricehikes poured in a price goes home if he won't in years ago to five or six hundred today and you're making good old joe says the price hiking system that pays his daughter millions can be fixed and anyone has trumpster believes that we will fix it they're living in and fans and that's why good old joe has got to go.

coal industry congress west virginia sportsline joe manchin joe ceo trumpster twenty five billion dollars two minutes
"twenty five billion dollars" Discussed on WBAL 1090AM

WBAL 1090AM

01:56 min | 3 years ago

"twenty five billion dollars" Discussed on WBAL 1090AM

"The whole issue of the of the the legalisation path to citizenship for the daca young people the wall i want to hear about the wall tonight david i think it's pretty safe we could get wall mentioned five six times at some point tonight during his speech that great beautiful big wall and whether or not the president get twenty five billion dollars towards us they're just so you'll know and to be fair to try to be the president and i have issues the 25 been is not just for the wall the twenty five billion dollars what that broad umbrella is called border security it'll be foot judges immigration judges it'll be for prosecutors the immigration court sister it'll be for increase border agents it's a lot that goes into the umbrella of border security so that is one of the things the president is going to be talking about the president will also i'm sure talk about the new tax law that is in place and the reason i think that significant particularly when you look at what companies are doing right now you have companies that are moving back into the united states right now that are say that they want to create a new plants they want to be the president just tweeted about chrysler coming back from mexico the other day because the tax climate has changed at end with people start getting february is when we hear was supposed to target when you start seeing an increase in your paycheck how many people gonna say are horrible troubling to get his money back you're gonna take it you're gonna take the money well this be the type of of of it oh injection into the economy that we really need because right now wages are stagnant a lot of different things of even though we have high employment employment unemployment only four point one percent but people are not spending money at least up until last few months as they need to the really pump and jet stream the economy sixty to seventy percent of our economy is consumerdriven that united spending money if we let spending a lot of money to the economy said we are not the.

president tax law united states chrysler mexico twenty five billion dollars seventy percent one percent
"twenty five billion dollars" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

02:08 min | 3 years ago

"twenty five billion dollars" Discussed on WBZ NewsRadio 1030

"President makes his second appearance before a joint session of congress tomorrow evening to deliver his first state of the union he is expected in part to talk about the strong economy including the stock market margaret brennan has more on this earlier we work done at har governor live including a great success with the markets with the tax cut for a president who often complains that his successes are under reported the unfiltered primetime address is a key opportunity to push his agenda but it will obviously be must watch tv advisors say the president will echo many of the business friendly themes he spoke about last week in davos america is open for business and we are competitive once again the highlights a promise of improved trade deals a 17 trillion dollar plan to revitalise infrastructure and a request to congress for twenty five billion dollars to construct a border wall with mexico in exchange for lawford to make one point eight million young undocumented immigrants future since we hope it's got to be my heart is because new republic huge really don't have the votes to get it done in any other west has to be bipartisan one thing absent from the speech the russia investigation hanging over the white house but he doesn't feel a need to address it i think we live dressed it every single day that we've been here frankly no one cares about this issue and it's certainly not the thing that keeps people up at night we'd love to talk about all of the things that do in my guess is that will be the focus of the president's state of the union tomorrow the president and first lady have invited fifteen gas to attend the address they include two injured veterans and five individuals who have personal ties to the immigration crackdown including victims of ms thirteen gang members jeff or margaret thank you in advance of the president's address this morning cohost john dickerson sat down with a group of voters in the orlando florida area some voted for mr trump others for hillary clinton angelique it's a year end of the trump presidency is the.

President congress margaret brennan har governor davos mexico lawford white house john dickerson stock market russia orlando florida hillary clinton twenty five billion dollars 17 trillion dollar
"twenty five billion dollars" Discussed on KMJ NOW

KMJ NOW

01:53 min | 3 years ago

"twenty five billion dollars" Discussed on KMJ NOW

"The break about the deal that the president is going to offer at state of the union mess well he's already put it out there are even talking about it he tweeted it so it's official and that is basically that the deal he wants to strike here concerning doc and immigration and the and border security is he wants to get a pathway of citizenship or one point eight million dreamers he wants twenty five billion dollars upper border security he wants to eliminate the visa lottery and he wants to curb chain migration immigration so that's something that i think people can live with is just what the in deal is going to be are you satisfied with that happy with that without got one caller holdover from last hour thanks for hanging on jeff what do you think hey jim good morning moro uh when i get tired of hearing that you just said is is uh no fault of their own right after that everybody's saying they're here through no fault of their own well that means that somebody is a fault and who isn't baby paying the price well we don't talk about that want wanna give just like if i route bank so somebody bought a house from my kid move my kid in there until may kick a live there now because they stole the money for him delivered this wonderful house and we can't do anything about that whole somebody responsible no i i'm i'm with you on that and who i want to hold responsible for their actions is is the parents so if the parents that are robbing the bank bring their kids along with them do you put the the kids in prison when you convict the parents of bank robbery we do not my usually well on the site and that that's my case year yes i want the parents they they robbed the bank than than i want them held accountable same way here with these that have come in illegally than i want them held accountable and i think you deal with him at a completely different way than you do with their children now what.

the deal president jeff robbery official twenty five billion dollars
"twenty five billion dollars" Discussed on WGIR-AM

WGIR-AM

01:54 min | 3 years ago

"twenty five billion dollars" Discussed on WGIR-AM

"He's getting ready to tell us the state of our union i'm dave anthony fox news president trump spent the weekend preparing in these doing run through his before tomorrow night the address expected to focus on jobs and a strong economy infrastructured trade national security and immigration the president is going to pressure democrats to cut a deal on daca the wall will be front and center in that negotiation according to white house officials the president wants twenty five billion dollars in total for border security 20 billion of which will be dedicated to build the wall and exchange the president is offering a tend to twelve your path to citizenship for one point eight million socalled dreamers oxes john roberts at the white house seven democrats will boycott tomorrow night state of the union congressman gregory meeks tells msnbc i could not give this man who does not respect me the respect to be in that already hook i will not be the house republicans are considering doing something president trump supports but the justice department does not making public a memo detailing allegations of abuse empower involving government surveillance on a trump campaign aide based in are reporting the trump dossier was used along with other data to secure a surveillance warrant for carter page at one time foreign policy advisor to the trump campaign the new york times takes it further this morning with reporting that the page faisal warrant was renewed in may 2017 by deputy attorney general rod rosenstein who took over supervision of the russia probe after his boss attorney general jeff sessions recused himself fox catherine howard's also reports fbi director christopher raised reviewing the house gop memo democrats say republicans will be recluse releasing such information we haven't seen this very often we leave this selling on wall street the dow now dan one hundred twenty three points of fire captain it goes to mesa california calls it a complete miracle but a small plane landed on a free way last night and didn't hit any cars because any accidents traffic was light the pilots as he saw on opening and went forward after the.

john roberts california gop fbi attorney russia deputy attorney general faisal foreign policy carter the house gregory meeks congressman trump dave anthony fox dow christopher director catherine howard jeff sessions rod rosenstein new york times advisor white house president twenty five billion dollars
"twenty five billion dollars" Discussed on WLAC

WLAC

01:57 min | 3 years ago

"twenty five billion dollars" Discussed on WLAC

"The place for rush sanity and news now he's getting ready to tell us the state of our union i'm dave anthony fox news president trump spent the weekend preparing it needs doing run through his before tomorrow night the address expected to focus on jobs in a strong economy infrastructure trade national security and immigration the president is going to pressure democrats to cut a deal on daca the wall will be front and center that negotiation according to white house officials the president wants twenty five billion dollars in total for border security 20 billion of which will be dedicated to build the wall in exchange the president is offering a tend to twelve year path to citizenship for one point eight million socalled dreamers oxus john roberts at the white house seven democrats will boycott tomorrow night state of the union congressman gregory meeks tells msnbc i could not give this man who does not respect me respect to be in that already hill i will not be the house republicans are considering doing something president ain't aid based on are reporting the trump dossier was used along with other data to secure a surveillance warrant for carter page at one time foreign policy advisor to the trump campaign the new york times takes it further this morning with reporting that the page faisal warrant was renewed in may 2017 by deputy attorney general rod rosenstein who took over supervision of the russia a probe after his boss attorney general jeff sessions recused himself fox was catherine howard's ultra reports fbi director christopher raised reviewing the house gop memo democrats say republicans will be recluse releasing such information we haven't seen this very often louis leave this selling on wall street the dow down one hundred twenty three points of fire captain it goes to mesa california calls it a complete miracle but a small plane landed on a free way last night and didn't hit any cars recalls any accidents traffic was light the pilots as he saw an opening and went forward after the engine died on their flight from san diego to orange county fox news fair and balanced from the no the copy traffic center we got.

gregory meeks orange county san diego california louis gop director fbi attorney deputy attorney general faisal foreign policy carter the house trump congressman dave anthony fox christopher catherine howard jeff sessions russia rod rosenstein new york times advisor white house john roberts president twenty five billion dollars twelve year
"twenty five billion dollars" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

01:52 min | 3 years ago

"twenty five billion dollars" Discussed on WNYC 93.9 FM

"Live from npr news in washington on core of a coleman president trump today dismissed a report that he tried to fire special counsel robert muller npr scott horsely reports drunk called the story in the new york times quote fake news the new york times says trump was eager to fire the special council last summer but he backed down when his white house counsel threatened to quit in protest npr has not independently confirm the times report trump brushed aside reporters questions about the story as he made his way to the world economic forum in davos switzerland fake fake fake story trump said earlier this week he's eager to be interviewed by moller who is investigating russian interference in the 2016 election and possible ties to the trump campaign trump insists there was no collusion with russia adding he hoped the special counsel's probe will be fair scott horsely npr news with the president in davos switzerland president trump is just about to give the closing speech this hour at the economic forum in davos he said he will offer a positive message white house aides have said he'll urge business leaders and heads of government to invest in the us critics form and against immigration are speaking out on the white house short proposal foreign immigration bill it calls for twenty five billion dollars for a border wall with mexico and it calls for a path to citizenship over at least ten years for hundreds of thousands of migrants illegally in the us were brought here as children conservatives call an amnesty supporters say it's a poor tradeoff pennsylvania congressman pat men has decided he won't seek reelection to his seat in the philadelphia suburbs he's facing a sexual harassment scandal for member station whyy dave davies has more last year me immune approved a secret payment using taxpayer funds.

mexico harassment pennsylvania white house switzerland scott horsely robert muller coleman dave davies philadelphia congressman pat men washington us president special counsel russia moller davos npr the new york times trump twenty five billion dollars ten years
"twenty five billion dollars" Discussed on Newsradio 950 WWJ

Newsradio 950 WWJ

02:15 min | 3 years ago

"twenty five billion dollars" Discussed on Newsradio 950 WWJ

"The white house releasing details about its framework for immigration reform it looks to provide citizenship to not just those enrolled in the daca program but all one point eight million people in the us who fit the criteria for it is coming along side twenty five billion dollars in increase border security also limits on chain migration and the end the visa lottery programme the very fact that we even have to do something for the dreamers it because president trump eliminated daca program he didn't have to do that so he created the hurt that he now saying you're going to repair and is shankar doing way more damage brad wilkes is the ceo of the league of united latin american citizens he says the daca fixes hardly worth the other concessions a barricade a bank robber now in custody never holding hostage jews in canton yesterday newsradio nine fifty john hewitt has more it was around three thirty thursday after the olympics he say the man walked into the citizens bank branch on canton center road just north of cherry hill with a handgun announcing a robbery he then took hostages barricading himself police say for four hours before eventually surrendering here's canton public safety director joshua meyer the suspect was taken into custody any investigation remains ongoing by the fbi in the camp police department there were no reported injuries during this event and no further information is being released at this time including exactly how many hostages there were it's been reported three employees were involved police also not hearing any details on the suspect like his age residents sore motivation in canton john hewitt wwe j newsradio nine fifty meantime a local business owner describes would he saw from his vantage point richard constantino owns the roses italian restaurant located near citizens bank there he says police came inside as restaurants began asking questions of everyone inside a great came you do what cars were blog the patrons admira drive stuff constantino says he had no idea what was happening until one of his employees pointed up a large number of police in the area twenty five year old detroit police officer glenn dos still in critical condition after being shot while on the job wednesday night police chief james craig visited receiving hospital check in with the officer and his family he says the.

glenn dos james craig detroit j newsradio director canton latin american shankar president officer police chief trump richard constantino business owner fbi joshua meyer robbery cherry hill john hewitt ceo brad wilkes twenty five billion dollars twenty five year four hours
"twenty five billion dollars" Discussed on KSFO-AM

KSFO-AM

02:14 min | 3 years ago

"twenty five billion dollars" Discussed on KSFO-AM

"White house order possible citizenship i'm elliot francis the new york times reports president trump ordered white house lawyer don mcgann to fire special counsel robert muller last june but backed off when mcgann gave him an ultimatum times reporter maggie haberman describes the time lightly a couple of mike after abby hit hired homi and it was during a period of time where he was talking both about moeller and increasingly taking aim at jeff sessions he was very frustrated he was very angry but this was taking place there renew reports it up muller's activity in what he was looking into as it had saying he had not considered firing muller as recent as december the white house says president trump is proposing a path to citizenship for one point eight million young undocumented immigrants now living in the us the plan would dramatically scaledback family based migration let me at limiting it to the spouses and underage children down eliminate the visa lottery programme it would also include twenty five billion dollars for a border wall some expecting the plan to get a mixed reaction on capitol hill oh pennsylvania congressman patrick me and says he won't seek reelection sierra crawford tells why after being under fire for using taxpayer money to pay a former staffer who accused him of sexual harassment the pennsylvania lawmaker released a statement saying the allegations have become quote a major distraction while me has denied that any harassment occurred he told the philadelphia inquirer this week that he thought the woman who's decades his junior was his soulmate i paid a severance because i care about her and i didn't want her to be in a situation that was not going to resolve itself for here's ciera crawford washing us olympic committee ceo was ask all members of the usa gymnastics board of directors to resign scott blackmun said the us ag will lose its status as a sports governing body was the board resigns by wednesday request comes in the wake of the scandal over sexual abuse by former national team dr larry nassar i'm elliot francis iyed though each jimmy here from zepa today i wanted to tell you about my efforts to achieve global elimination of snore it all starts with respect respect these self respect.

the philadelphia inquirer elliot francis iyed usa congressman pennsylvania abby reporter special counsel president zepa jimmy dr larry nassar scott blackmun ceo elliot francis harassment sierra crawford capitol hill white house moeller homi mike maggie haberman robert muller don mcgann trump new york times twenty five billion dollars
"twenty five billion dollars" Discussed on C-SPAN Radio

C-SPAN Radio

02:44 min | 3 years ago

"twenty five billion dollars" Discussed on C-SPAN Radio

"Riches zero point two percent of americans will get a windfall in fact the state provisioning this bill alone would allow the heirs of joustie levin ultrawealthy individuals the pocket up sixty seven point five billion dollars an estimated eighty percent of the tax cuts in this legislature will go to wealthy corporations and the richest one percent mr speaker even more astonishing a recent analyses by the nonpartisan congressional budget office indicates that this republican tax bill could trigger automatic cuts to mandatory spending to the tune of one hundred and thirty six billion dollars including twenty five billion dollars in the medicare cuts let that sink in because actually what's getting ready to happen here is we're gonna a one and a half trillion dollar deficit in these deficit hawks on the other side of then go undeterred rightback around and say the we need to pay for these things and then watch out medicare social security and medicaid because that's the objective in my view in the first place in order to cut taxes for the world ultrawealthy inc's by republican colleagues are not only raising taxes on the middle class but are now potentially triggering or twenty five billion dollar cut the medicare if this inner quoted was not staggering enough americans also have to keep in mind that today's republican tax giveaway to corporate america and the ultrawealthy is not only on the backs of the middle class but also future generations is this bill will explode our national debt by an estimated one and a half trillion dollars over the next 10 years not surprisingly republicans are making the tire excuse that these cuts will pay for themselves if they did then we would have the easiest jobs in the world just cut taxes and magically will have even more revenue to pay for their important needs of our country that sounds a lot like the old trickle down which never worked economics all it's all that way to me and we all know that as far as economic theories go that one walls and is a complete and total dog mr speaker to summarize the majority's attempt to over how hall.

social security ultrawealthy inc medicare america twenty five billion dollars thirty six billion dollars twenty five billion dollar five billion dollars trillion dollars trillion dollar eighty percent one percent two percent 10 years