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Feb 13, 2024
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emily wilkins is joining me now. >> reporter: we know what the result of the vote will be.ave been so many process votes to get to this point. we have seen republicans join democrats in moving this forward. we are expecting them to hit the key 60-vote threshold to move this package forward. of course, the big question then is what happens with it in the house? speaker mike johnson released a statement last night throwing cold water on the bill saying the senate has failed to meet the moment. there are lawmakers in the house, republicans and democrats, who say there are enough votes for this to pass so long as we can find a way to get it to the floor. there is talk of legislative maneuvering there. if you see a lot of senators come out for it, that will put more pressure on the house to act. i think that is now the big question which is how does this bill make its way to the house. >> this becomes a political football at a crucial time for lawmakers. timing wise, when do you expect to see it taken up in the house? >> reporter: it is a great question. it doesn't look like spe
emily wilkins is joining me now. >> reporter: we know what the result of the vote will be.ave been so many process votes to get to this point. we have seen republicans join democrats in moving this forward. we are expecting them to hit the key 60-vote threshold to move this package forward. of course, the big question then is what happens with it in the house? speaker mike johnson released a statement last night throwing cold water on the bill saying the senate has failed to meet the...
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Feb 6, 2024
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emily wilkins on what washington is doing, julia boorstin on facebook, trying to manage ai fakes andippa stevens on the impact on the electric grid. emily in d.c., kick us off. welcome back. >> reporter: hey, courtney. federal regulators are only beginning to set down guard rails around ai, but they're already beginning to face pushback from lawmakers. the new bill would kill a yet to be finished s.e.c. regulation on how financial advisers use ai. now, this rule would require firms to ensure that any predictive technology that they're using is free of conflicts of interest and that it puts the client first. but republican senators ted cruz and bill haggerty said that the rule goes too far and would be so costly that it would prevent any new technology from being used by advisers. listen to what bill haggerty told squawk box this morning. >> encompass anything from a small kcalculator to a website. increased compliance cost, increased liability and therefore it will lessen the access retail investors to the marketplace because the companies involved in this will stop offering technolo
emily wilkins on what washington is doing, julia boorstin on facebook, trying to manage ai fakes andippa stevens on the impact on the electric grid. emily in d.c., kick us off. welcome back. >> reporter: hey, courtney. federal regulators are only beginning to set down guard rails around ai, but they're already beginning to face pushback from lawmakers. the new bill would kill a yet to be finished s.e.c. regulation on how financial advisers use ai. now, this rule would require firms to...
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Feb 1, 2024
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wilkins is joining us now with more on the story emily, good morning. >> reporter: good morning, frankbillion tax package with the benefits for businesses passed the house last night with strong bipartisan support despite having some opposition from both republicans and democrats. this proposal would allow for full expensing for research and development and immediate deductions for capital expansion. these provisions were part of the 2017 tax law, but they expired in recent years. this would allow companies to claim those deductions on the 2023 filings it also expands the child tax credit, not to the level during the pandemic, but it will allow for a fundable tax credits to help poorest families. business round tables are pushing lawmakers to pass the legislation as soon as possible to help small businesses that didn't realize the tax benefits lapsed republican blake moore saying not bringing the breaks back would hurt small businesses. >> never have i seen neighbors of mine say this is killer for my small business. losing the r&d tax credit has destroyed the ability to grow my small b
wilkins is joining us now with more on the story emily, good morning. >> reporter: good morning, frankbillion tax package with the benefits for businesses passed the house last night with strong bipartisan support despite having some opposition from both republicans and democrats. this proposal would allow for full expensing for research and development and immediate deductions for capital expansion. these provisions were part of the 2017 tax law, but they expired in recent years. this...
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Feb 29, 2024
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thank you very much, emily wilkins. let's get to the bond market reaction to the latest inflation rate. brook santelli joining us from the windy city. hi, brook. >> reporter: hi, we had a lot of numbers this morning. and, let's get some major highlights. year over year, pce core is something many were very anxious to monitor. how did it show up? well, as you look at this chart which starts in january of last year, we now have 12 consecutive months of lower year over year pc corps. you see the line moving down. now, here is one of the rubs. if you open the chart to pre covid, you can see that even though we have come down, we are still a ways from where we were pre-covid. we are still on our way to target 2%, but we are not quite there yet. as a matter of fact, if you continue to look at all of the variables today, continuing claims is also a bit surprising. it came out over 1.9 million. we have not done that since mid november of last year. but, as you see on this chart, i went back to november of 2021. that is how clos
thank you very much, emily wilkins. let's get to the bond market reaction to the latest inflation rate. brook santelli joining us from the windy city. hi, brook. >> reporter: hi, we had a lot of numbers this morning. and, let's get some major highlights. year over year, pce core is something many were very anxious to monitor. how did it show up? well, as you look at this chart which starts in january of last year, we now have 12 consecutive months of lower year over year pc corps. you see...
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Feb 28, 2024
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let's get to emily wilkins for the details. emily? >> hey, melissa. yes, congressional leaders have announced they have got an agreement to kick the can down the road just a little bit longer on federal spending. so, instead of having the deadline by this friday and next friday, they're now next friday and march 22nd congressional leaders say they think they have six bills that they can get done by next week, but a couple of the bills, they admit, they are taking a little more time, they are a little trickier to do, and those are the ones they are hoping to pass on march 22nd. this is a bipartisan agreement, but there are republicans on the hill who are not happy about this, they did not want to see a continuation of spending. they don't think that these sort of kicking the can down the road moments are good for congress, or for the party. and so, it will be very interesting to see when this bill comes to the floor in the house, is it going to be able to get a majority support of republicans, that's going to be a big test for speaker johnson, and of c
let's get to emily wilkins for the details. emily? >> hey, melissa. yes, congressional leaders have announced they have got an agreement to kick the can down the road just a little bit longer on federal spending. so, instead of having the deadline by this friday and next friday, they're now next friday and march 22nd congressional leaders say they think they have six bills that they can get done by next week, but a couple of the bills, they admit, they are taking a little more time, they...
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Feb 15, 2024
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emily wilkins has the details, emily. >> hey tyler. senate is now ready to pass of major executive bill that will hold -- protecting kids mental health. 61 senators, that's a golden number, you gotta get more than 60, and that includes senator majority leader chuck schumer is now supporting a updated version of the kids online safety act. the increase in support is the result of months of negotiations led by senators marsha blackburn and richard blumenthal, and it clarifies that social media companies have a responsibility to prevent their products from harming kids. that includes features like push notifications, filters, or suggested friend requests. another change? giving the ftc more oversight and enforcement of the new standards. the bill is bipartisan with supporters including senators elizabeth warren, ted cruz, joe manchin, but there are still concerns about whether the bills restrictions would violate free speech. and there are fears that state attorney's general could over moderate content and potentially sue social media pla
emily wilkins has the details, emily. >> hey tyler. senate is now ready to pass of major executive bill that will hold -- protecting kids mental health. 61 senators, that's a golden number, you gotta get more than 60, and that includes senator majority leader chuck schumer is now supporting a updated version of the kids online safety act. the increase in support is the result of months of negotiations led by senators marsha blackburn and richard blumenthal, and it clarifies that social...
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Feb 27, 2024
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emily wilkins joins me now with those details and that meeting. emily?rter: yeah, we're now four days out from a partial government shutdown, and joe biden met with top congressional leaders to urge them to prevent that shutdown from happening. speaker mike johnson told reporters as he left the meeting that he would be doing everything he could tokeep the government funded past this friday's deadline. >> we have been worki i ing in faith around the clock for months and weeks, quite literally around the clock to get that done. we believe that we can get to an agreement on these issues and prevent a government shutdown. >> reporter: it feels like a familiar story here, but lawmakers are closer than ever before agreeing on the that first tranche of spending bills. this includes the department of agriculture, the fda, energy department, water related programs, and the departments of transportation and veterans. of course, among several others. lawmakers are negotiating a handful of provisions including conservative priorities, but democrats are also asking f
emily wilkins joins me now with those details and that meeting. emily?rter: yeah, we're now four days out from a partial government shutdown, and joe biden met with top congressional leaders to urge them to prevent that shutdown from happening. speaker mike johnson told reporters as he left the meeting that he would be doing everything he could tokeep the government funded past this friday's deadline. >> we have been worki i ing in faith around the clock for months and weeks, quite...
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Feb 22, 2024
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my name is emily wilkins. i'm a d.c. correspondent and 127th president of the national press club. thank you all for joining us at the club for our headliner event with energy secretary jennifer granholm. to submit a question online, please e-mail headliners at press.org for our c-span and pubo audiences, be aware that in the audience today are members of the general public. any applause you hear is not necessarily from the working press. three years ago this week, jennifer granholm was sworn in as the 16th secretary of for our c-span and public radio audiences, be aware that in the audience today are members of the general public. any applause you hear is not necessarily from the working press. three years ago this week, jennifer granholm was sworn in as the 16th secretary of energy to lead the biden administration's efforts to move the united states toward a clean energy transition that can achieve net zero carbon emissions by 2050. while there has been successes, there have been challenges. secretary granholm helped the administration push policies to develop a new generation of
my name is emily wilkins. i'm a d.c. correspondent and 127th president of the national press club. thank you all for joining us at the club for our headliner event with energy secretary jennifer granholm. to submit a question online, please e-mail headliners at press.org for our c-span and pubo audiences, be aware that in the audience today are members of the general public. any applause you hear is not necessarily from the working press. three years ago this week, jennifer granholm was sworn...
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Feb 29, 2024
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we have emily wilkins with more from d.c. >> good morning, andrew. fourth time is not yet the charm. the house plans to vote on the temporary funding measure to prevent a government shutdown from happening at midnight on saturday. the stop-gap measure was agreed to to negotiate a spending deal. both chambers are racing to pass the bill by friday night. congress would have until march 8th under the new plan. that includes the department of energy and commerce and others. the rest of the funding, defense department and financial regulators needs to be completed by march 22nd. lawmakers working to appropriate funding said they are confident the first group of bills can be done in time for next week. they acknowledge it is the second group that will be more difficult to do. republicans are continuing to push for at least some of their conservative priorities to be included in the bills, although it is not clear what if any can get the bipartisan support to be passed. extending the deadlines delays other issues congress is working on. this includes fundin
we have emily wilkins with more from d.c. >> good morning, andrew. fourth time is not yet the charm. the house plans to vote on the temporary funding measure to prevent a government shutdown from happening at midnight on saturday. the stop-gap measure was agreed to to negotiate a spending deal. both chambers are racing to pass the bill by friday night. congress would have until march 8th under the new plan. that includes the department of energy and commerce and others. the rest of the...
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Feb 26, 2024
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emily wilkins joins us now with the state of negotiations in washington. is once again heading toward a partial shutdown midnight on sunday. this could result in things like fewer air traffic controllers, fewer food inspections and fewer grants for farmers. they had hoped to release the detailed funding trends this weekend. they're close. chuck schumer said last night the republicans are still debating what they need to see in the bill. the hard-line conservatives have pushes. schumer said it's his, quote, sincere hope that speaker johnson will step up to once again bump the speextremists ins caucus and do the right thing. johnson went on his statement to say this is not the time for petty politics, and house republicans will continue to work in good faith and hope to reach an outcome as soon as possible. they're all going to be meeting with president biden on tuesday to try and hash this one out. of course, there is the chance that they could once again kick that can down the road, but, remember, kind of the big looming deadline is the end of april where
emily wilkins joins us now with the state of negotiations in washington. is once again heading toward a partial shutdown midnight on sunday. this could result in things like fewer air traffic controllers, fewer food inspections and fewer grants for farmers. they had hoped to release the detailed funding trends this weekend. they're close. chuck schumer said last night the republicans are still debating what they need to see in the bill. the hard-line conservatives have pushes. schumer said it's...
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Feb 6, 2024
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we have emily wilkins with more on that. good morning. >> reporter: good morning, andrew. federal regulators are only just beginning to set down guardrails with a.i. they are already facing pushback from law makers. a new bill would kill a yet to be finished s.e.c. regulation on how financial advisers use a.i. the rule would require firms to ensure that any predictive technology they are using is free of conflict of interest and puts clients first. ted cruz and bill haggerty said the rule is too broad and s subsequently so costly prevented to be used by advisers. cruz said the new technologies over the last decade have allowed more americans to access the stock market than ever before by waging a war on technology that the s.e.c. claims to protect. the bill doesn't have democratic support at the moment, but republicans take it down the road if they hold the house and win the senate this november. if so, they are overturn rules from the biden administration with a simple majority. andrew, we will keep a close eye on what is in the cross-hairs. clearly, the a.i. regulation f
we have emily wilkins with more on that. good morning. >> reporter: good morning, andrew. federal regulators are only just beginning to set down guardrails with a.i. they are already facing pushback from law makers. a new bill would kill a yet to be finished s.e.c. regulation on how financial advisers use a.i. the rule would require firms to ensure that any predictive technology they are using is free of conflict of interest and puts clients first. ted cruz and bill haggerty said the rule...
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Feb 13, 2024
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emily wilkins has more. >> reporter: joe, $95 billion package passed the senate with strong bipartisanrt. you saw 70 senators go ahead and vote for this bill to pass. that's more than what we saw with the procedural votes. that's really going to put the pressure on the house and speaker mike johnson to figure out what they will do with this bill. mike johnson came out last night and in a statement saying the senate had failed to meet the moment. suggesting he will not be the one to move this bill to the house floor. however, there is a procedure by which if you can get a majority of members in the house to cosponsor a piece of legislation, there is a process where it can come to the floor without leadership. that's one of the things that is being discussed as a potential path forward. we have to wait and see how this goes. certainly the strong bipartisan vote with the 70 senators supporting does put the pressure on the house to move something here. >> doesn't sound very hard to do that, emily. if you had all of the democrats, how many republicans do you need? >> reporter: it depends ho
emily wilkins has more. >> reporter: joe, $95 billion package passed the senate with strong bipartisanrt. you saw 70 senators go ahead and vote for this bill to pass. that's more than what we saw with the procedural votes. that's really going to put the pressure on the house and speaker mike johnson to figure out what they will do with this bill. mike johnson came out last night and in a statement saying the senate had failed to meet the moment. suggesting he will not be the one to move...
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Feb 1, 2024
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emily wilkins is in washington with more. good morning >> reporter: good morning, andrew that tax package has major benefits for businesses. it passed the house with strong bipartisan support despite seeing a little bit of opposition from some republicans and then some democrats. this proposal is going to allow for the full expensing of research and development and full deductions for capital expansion. these provisions were part of the 2017 tax law, but they expired in recent years. this package expands the child tax credit, not to the level it was during the pandemic, but allow for a regufundable tax credit the chamber of commerce and business roundtable are pushing to pass this legislation now early on in tax season to help small businesses get the benefits for 2023. utah republican blake morris said not bringing these back would hurt small business. >> never have i seen neighbors of mine say this is killer for my small business. losing the tax credit has destroyed my ability to grow my small business >> reporter: still, t
emily wilkins is in washington with more. good morning >> reporter: good morning, andrew that tax package has major benefits for businesses. it passed the house with strong bipartisan support despite seeing a little bit of opposition from some republicans and then some democrats. this proposal is going to allow for the full expensing of research and development and full deductions for capital expansion. these provisions were part of the 2017 tax law, but they expired in recent years. this...
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Feb 28, 2024
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emily wilkins joins us with more. good morning. >> good morning, andrew.vernment shutdown. but congressional leaders are starting to consider another short-term funding bill to give them just a little bit more time to negotiate some of the details. now, we're still waiting on the detailed text of a bill to keep the government funded. we're expecting that either today or tomorrow. but lawmakers are still stuck on a handful of issues. speaker mike johnson floated moving the deadlines to march 8th for the parts of the government that are facing the deadline of this friday at the end of the day. and march 22nd for the rest of government funding that was initially set to be handled next week. johnson's office emphasized they're only going to have another short-term spending bill as part of a larger agreement to finish a number of overall spending bills to continue funding throughout the rest of the fiscal year. the proposal followed a meeting at the white house where johnson and other congressional leaders said they would be able to prevent a shutdown, both hou
emily wilkins joins us with more. good morning. >> good morning, andrew.vernment shutdown. but congressional leaders are starting to consider another short-term funding bill to give them just a little bit more time to negotiate some of the details. now, we're still waiting on the detailed text of a bill to keep the government funded. we're expecting that either today or tomorrow. but lawmakers are still stuck on a handful of issues. speaker mike johnson floated moving the deadlines to...