challenges and vice president kamala harris' vice-presidential campaign and hosted by the brookings institution. >> good morning, everyone. >> good morning. >> i'm is a celia ross, the president of the brookings institution and it's my absolute pleasure to welcome you to the honorable lecture. i'd like to send a special welcome to jeff's wife joining us virtually today. i did not have the pleasure of working with jeff bader but he was a man with eye watering candor but yet deep kindness and empathy. it's not often you encounter someone with blistering intellect and benevolent nature. he was a rare find with a career equally as exceptional. a towering diplomat, scholar, and adviser in the field of china studdies, jeff had a decades long career spanning multiple administrations of both parties serving in the u.s. department of state, the office of the u.s. trade representative, and the national security council. in 2005, jeff joined brookings as the founding director of the john l. boynton china center which remains one of the top centers for the study of u.s.-china relations in the world. to hon

butjust sticking with your cv, which ijust downloaded from the brookings institute website.s long. it does not have an extra wide margin like my cv does. and scrolling through it, obviously there's all the greats there of like going to saint andrews, working in the white house, being at the brookings institute, the eurasia foundation, studying at harvard, teaching at harvard. but the thing thatjumps out at me is my favourite entry on your cv. june to september 1989 and 1990. assistant to the international office of durham county council. indeed. was that your summer job? it was actually the best, you know, kind of summer job in many respects. i mean, most of my summerjobs were working in restaurants, cleaning in, you know, the local hospital where my dad, you know, worked as a porter and, you know, various other, you know, grab bag of, you know, the typicaljobs that, you know, kind of most people, you know, in the north east of england have and sometimes people's permanentjobsjust to be, you know, very clear as well. and then it turned out that durham county council, which,

host: joining us this morning is bill goldston, or senior fellow for government studies at brookings institution, here to the talk about campaign 2024 and the national debt. mr. gold son, you wrote this piece in the "wall street journal," u.s. national debt crisis coming. trump and harris are determined to ignore the problem at the country'sor peril. what is the crisis that is coming? >> guest: well, for your younger viewers, greta, a little bit of history may help. by the end of the previous century, we had four straight years of budget surpluses. we were actually paying down the national debt. which stood at about a third of our gross domestic product. since then we've been piling up deficits and debt annually. we have added $25 trillion to the national debt over the past two decades, and in the next decadede alone we're on track to add another $2 2 22 -- 22 trillion for a grand total of $50 trillion dollars. and that's not free money because we have to pay interest on it. .. will be ineffective borrowing money to pay interest on the debt. that is not a sustainable situation. it is not a crisi

tanvi madan from the brookings institution gave us a sense of what lies ahead for india—us ties.ould be focused on national security, so much more sensitive, a reflection of how much on defence, security, technology and secure supply chains the two countries have really moved forward. and you saw that during the visit, notjust for prime minister modi, in his meeting with president biden, but also the quad summit that also had the australian and japanese leaders meet the indian and american leaders. do we know what modi thinks or what india thinks about the upcoming election and the two different candidates that could take the white house? i think they know two things — one, that they don't get a vote, and second, that whoever wins the election in november, it will be important for new delhi to adapt their approach to ensure that the progress that has taken place during the biden administration moves forward and that they can build on that momentum, notjust because of their own concerns about china but because the us has become crucial for india's economy, its technological transf

this was hosted by the brookings institution. >> good morning, everyone. i'm the president of brookings institution, and it is my absolute pleasure to welcome you. i would like to extend an especially warm welcome to geoff's wife, who is joining us virtually today. i did not have the pleasure of working with jeff bader before his passing last year, but according to my colleagues, he was a man committed to i-wondering candor -- de-watering -- eye-watering candor and great empathy. he was a rare find with a career equally as exceptional. a towering diplomat, scholar, an adviser in the field of china studies, he had a ticket-long career spanning multiple administrations of both parties -- decades-long career spanning multiple administrations of both parties. in 2005, he joined brookings as a founding director of the john l. thornton china center, which remains one of the top centers for the study of u.s.-china relations in the world. to honor his legacy, this annual lecture series will bring renowned speakers to brookings to foster candid conversations. i can

the brookings institution is supposed to be a moderate, or nonpartisan institution, yet it published me of jared bernstein trying to to convince me raising the minimum wage increases unemployment. employment. charles: i look at the work there and i try to get away from the noise because core of it is good, but when they start to layer on their opinions, to your point, it becomes dishonest. i thought this part was intriguing as well, who got hurt the most, right? which groups got hurt the most. i would like to see if government is paying attention. main street is saying people without savings got hurt the most and small businesses got hurt the most. i know this will get lip service, but will anyone in government pay attention enough the say, hey, maybe policy should be designed not to the hurt low income folks, not to hurt people with few savings, not to hurt the small businesses? >> well, you know, that's really spot on, what you're saying there. the people that were hurt the most were low income people. they're least able to cope with these very high food prices, car insurance and s

she served at the brookings institution and has a masters in h.d. in economics from harvard.'m pleased to welcome her to the stage. [applause] lael: it's good to be here and i want to thank you for inviting me. i had the pleasure of working with them and also, blair, for this great conversation we'll have on the u.s. economy and comes at a good time because today we are at a turning point. inflation is now back down to prepandemic levels. and the focus needs to be on safeguarding the important gains we've made in the labor market. a few years ago, as you'll recall, many were convinced this combination of a large decline in inflation along with continued solid expansion that we're seeing today just couldn't happen. they predicted inflation could only be brought back down at the cost of considerable dislocation in the labor market and they believed the decline in inflation would require a major slowdown. in fact, inflation has come down back to its level just before the pandemic, while we've maintained the largest average employment in over 50 years. real g.d.p. has grown by 2.

he's a visiting fellow at brookings institution. as well, as a senior fellow at the harvard school. publication does include a really insightful about leadership lessons from civil war, as well as the one i've already mentioned. and i know. you've got a big clue about one behind me on the screen. mr. lincoln's t mails and that, of course, is going to be the subject of, his presentation tonight. let's give him a warm welcome to virginia tech. thank you very much, paul. and and everybody. it's a privilege to be here. paul gave a little bit of a overview of, my background. i'm a techie you know, and and here i with a bunch of civil war civil scholars and one of the things that i have always loved is the study of the civil war. and this book ended up being an attempt excuse me, to relate my interest in technology with my love of the civil war and, and a couple of jumped out at me as thought about tonight and topic of of lincoln and the telegraph. the first was that as paul has indicated the civil war was the begin of the telecommunications era. it was the war in which telecommunications

and i've been, you know, my various jobs here at the brookings institution, and elsewhere, trying tonge as well. just the international system has changed. our domestic systems have changed, too. people have less faith in their domestic structures, and the united states is engaging in a massive civics lesson. it has a constitutional crisis, frankly, going on, and trying to kind of decide, you know, where it's going to head in the future and what kind of country it's going to be. so that's happening at the same time. so the uk can't rely on the united states to frame the defence structure. neither can the rest of europe or nato in the way that it could before. you've got a russia that seems to be on a totally different trajectory. but again, we don't really know how that's going to play out over time. you've got all kinds of tensions going on in the european context. i mean, post—brexit, the uk's relationships with european countries are very different. the uk has new relationships that's trying to form within the context of different arrangements, like, for example, aukus, you know,

is also affiliated with the tax policy center which is run by the urban-brookings institutions. among his past missions was a deputy assistant secretary of the us department of the treasury for tax analysis, president of the national tax association, coordinator of the urban institute tax policy center, chair of the 1999 technical panel of social security and chair of the 2015-2016 national academy of sciences committee on advancing the power of economic evidence to inform investment for children, youth and families. between 1984-1986 he four-1986 he was the economic coordinator and original organizer of the treasuries tax reform efforts which led to perhaps the most significant tax reform bill the last half-century, , he's author co-author and coeditor of 18 books, if you can believe that. most recently including dead men rolling, nonprofits and government, contemporary u.s. taxes policy second edition, advancing the part of economic evidence to inform investments in children, youth and families. he is the founder and chair emeritus of act for alexandria, a community foundation.

senior fellow at the brookings institution center on health policy. michael klein rock, lead research director for the institute for human data science. and heather zink, president of the u.s. supply chain for san. there a member organization of our sponsor hda. >> i want to start with you. you heard the previous two or three conversations this morning. i was wondering when you look at iqvia's numbers on the shortage crisis, what you find is behind the drug shortages we have been experiencing? does it comport with what the other panels say is responsible? >> i was a history major, so i hoard bits of data going back a long way, we did a report in 2012 on shortages. when we revisited this last year, we saw similar things but i see shortages being caused by market events. primarily what this is, is we had a backlog of generic manufacturer applications to bring generics to the market. so we fixed it. fda approved a whole bunch more generics over a number of years. three or 400 generics introduce each year, they double that for seven or eight years. if you

lane is a resident scholar at the workings is a fusion and -- at the brookings institution. and vice president's office during the clinton administration. >> i'll make three points very quickly. one is to chris's comments about relationships. i'd recommend a book called the georgetown ladies social club by richard hyman, published in 2003. it is a fabulous social history of an era, probably your father's era, chris, where families lived in washington, rich socialites had dinner parties that were focused around pieces of legislation. who sat next to who? republicans and democrats were invited to the parties. the women were very much involved in a two second track in congress. women did not work. it was a different era. mostly men. the wives did not work, but as most political wives are, they were deeply involved in their husband's work. so you had a social life that was very robust, run by six or seven women with a lot of money, but lots of other women were participating in this. that brought out those relationships. you did not have to go to build those relationships. second

i am joined by the director of the hutchins center on physical and monetary center at the brookings institutionision to cut interest rates by a half percentage point, rather than a quarter point, what is behind that? david: the federal reserve realize the labor market is softening. the metaphor jay powell used is cooling. they are looking ahead and they do not wanted to cool anymore. they expect the unemployment rate to rise a little bit more but they want to act preemptively from keeping the labor market from getting worse because they think they basically won the war against inflation. my friend is a former obama advisor and he said this is as close to mission accomplished as you will hear. amna: they are making a bigger cut now because it was said they were slow to recognize the slow down and they are trying to catch up. do you see any validity in that? >> absolutely. some people think they should have started cutting rates in july. jay powell was asked about that and he said if i had seen the numbers, maybe we would have. they might be behind the curve but they do not want to be far behind

andre perry is senior fellow at brookings institution and author of know your price valuing lack livesvelshi, right after this. it's a mouthful. one of the harder things is the little things that i need help with: getting dressed, brushing your teeth, being able to go out with your friends by yourself. those are hard because you don't want help, but you need it. children like jaxon need continued support for the rest of their lives. whoa, whoa, whoa. and you can help. please join easterseals right now, with your monthly gift. i'm almost there. the kids that you are helping, their goal is to be as independent as they can. these therapies help my son to achieve that goal. easterseals offers important disability and community services that can change a life forever. please, go online, call or scan the qr code right now with your gift of just $19 a month. it really does make a difference. strengthening with easterseals helped me realize i can get through hard things. don't give up. keep trying. even better! please visit helpeasterseals.com, call or scan the qr code on your screen with your

she served at the brookings institution and has a masters in h.d. in economics from harvard. i'm pleased to welcome her to the stage. [applause] lael: it's good to be here and i want to thank you for inviting me. i had the pleasure of working with them and also, blair, for this great conversation we'll have on the u.s. economy and comes at a good time because today we are at a turning point. inflation is now back down to prepandemic levels. and the focus needs to be on safeguarding the important gains we've made in the labor market. a few years ago, as you'll recall, many were convinced this combination of a large decline in inflation along with continued solid expansion that we're seeing today just couldn't happen. they predicted inflation could only be brought back down at the cost of considerable dislocation in the labor market and they believed the decline in inflation would require a major slowdown. in fact, inflation has come down back to its level just before the pandemic, while we've maintained the largest average employment in over 50 years. real g.d.p. has grown by

is popular, even if at the same time netanyahu is very vulnerable, says natan sachs of the brookings institution right now, although he sounds very robust, is a very weak leader. he's very weak vis-a-vis his own coalition. he's also very weak compared -- with regard to his own public. there's a very large part of the public that does not believe netanyahu and is concerned -- even when it supports this campaign in the north, is always concerned that netanyahu has ulterior motives. nick: and so all eyes are on netanyahu tomorrow, when he will speak to the u.n. general assembly. amna: what about on the other side of this potential cease-fire proposal? what kind of pressures are the hezbollah leaders under? nick: israel embarrassed the group with its pager attacks and has decimated its military leadership. so hezbollah feels like it has to respond in order, in part to try and avoid some kind of invasion by israeli forces. but it's also under pressure from lebanese to avoid a war that would destroy much of this southern part of the country. that is a war that iran also wants hezbollah to avoid, says

yeah, i think the more -- i am pro policy, i work at the brookings institution. the more she wants to do, the better. but i think the country knows where she would want to go. gabriel: yeah, i agree with my colleagues. only a couple things i will point out. let's remind ourselves, it was a strategic decision by democrats not to get into the weeds of policy, especially economic policy, during the convention. they could feel the wind at their back. all the pulling #going in the right direction. record number -- all the pulling polling is going in the right direction. record numbers of donations. let's remind ourselves, it worked, it was a strategic focus, but as a member of the audience points out, eventually americans are going to want to hear more detail. i agree with my colleagues, it's all there. not a big shift from a biden's agenda especially with the care economy. to me, what the difference is going to be -- my biggest critique of the biden campaign was not the underlying policies, it was how it was communicated, and what has been working for biden and the s

edge is also serve at the brookings institution and taught at m.i.t. she has a masters and phd in economics from harvard. so with that on delighted to welcome lael brainard to the stage. [applause] >> well, it's great to be here, and i want to thank matt goodman and michael froman for inviting me who i've had both have working with many types and to blair for joining for the fully great conversation on the u.s. economy. this conversation, at a good time because today we are at a turning point. inflation is not back down to pre-pandemic levels and that means the focus needs to be on safeguarding the gains, the important gains we've made in the labor market. .. convinced this combination of a large decline in inflation along with continued solid expansion that we're seeing today just couldn't happen. they predicted inflation could only be brought back down at the cost of >> >> believe the decline in inflation would require a major slowdown. in fact, inflation has come down back to its level just before the pandemic while we've maintained the lowest avera

maybe it's brookings institute. they come up with a policy.ldn't think in a million years you should stick on kamala harris. it has nothing to do with her just because they are democrats. for them to jump on the heritage foundation 900 page document which is interesting for conservatives. but to think it's donald trump's document is wrong. just because his former trump people that worked there. why wouldn't conservatives work at a conservative think tank especially as prestigious as heritage. vice president harris and governor walz, keep communities safe a bring back the bipartisan border bill and sign into law at the same time she knows our immigration system is broken and needs comprehensive reform that includes strong border security and earning pathway to citizenship. the problem is her track record. she is directly involved in it. border crossing yous are up 237%. 2.3 million that crossed illegally under president trump. 9 million crossed and not even done with four years on biden-hairs. she has no credibility on the border. and on the bi

the brookings institute just released a statement saying immigrants create jobs and create wealth. ganization at all. >> and those are the facts. thank you for bringing that to us. >>> meantime, a north dakota judge just overturned the state's near total abortion ban, writing the, quote, right to choose is protected under the state's constitution. he also says the wording of the ban, one of the strictest in the country, was too vague to be enforced. in theory, this decision would make abortions legal in north dakota almost immediately. in practice, that may be unlikely, because the only abortion clinic in that state moved to minnesota after the dobbs decision. >>> next here on "ana cabrera reports," a state of emergency over wildfires out west. four major blazes made even worse by a heat wave, spurring thousands of evacuations. >>> plus, hundreds of thousands still without power in louisiana after a hurricane brought high winds and flooding. the market's closed. futures don't sleep in the after hours, bro. dad, is mommy a “finance bro?” she switched careers to make money for your we

marta visions scott, senior fellow at the brookings institution center on health policy. for kleinbrook, lead research director for the iq via institute for human data science, and heather zink, president of the u.s. supply chain for san cora. full transparency here ima they are a member organization of our sponsor, hda. welcome. >> thank you all l for joining us. i'm going to start, michael, with you too you heard, the previous two or three conversations this morning, and you are a data guy. i'm wondering when you look at the numbers on the shortage crisis, what you find is behind the drug shortage is that we have been experiencing, and doesn't comport with what the other panelists say is responsible? >> i was a history major, so i formed bits of data going back a long way. we did a report in 2012 in shortages. when we revisited this last year we saw similar things, but what i see is shortages are being caused by market events, and primarily what this is is, we had a backlog of generic manufacturer applications to bring generics to the market, so we fixed it. so the fda a

coming on thursday morning, the brookings institution talks about vice president harrison former presidentthe national debt. ... nearly 30 years ago media, sounded on the powerful idea cutting-edge of broadband to underserved communities from coast-to-coast we connected 850,000 miles of fiber. our chamber of speed barriers, delivered one gave a speech every customer, led the way to a 10g platform and now he did, will offer the fastest most reliable network on the go. media calm, decades of dedication. decades of delivery, decades ahead. media calm supports he spent as a public service on these other television providers give you a different receipt of democracy. >> on capitol hill republican senators are calling on majority leader two bring spending bill to the floor for debate for current government funding expires on september 30. the request comes as a senate waits on the house to pass its own version of a spending bill to avert a government shutdown. >> mr. president, i rise today to point out that we are only 12 days from the end of the fiscal year.

and i see a definitely to what extent do think brooks financial institutions like the new development bank, could compete with the western institutions like the international monetary fund or the world bank. a, how do you assess the track record and you know, what do people think? what's the image of these organizations like in the global south that you were talking about? you see the something back the long time ago i did propose the setting up with the ition one to to define it. precisely because of i will believe that there must be a tendency mechanism to complement and also sometimes to withstand the precious untoward pleasures. so it is not necessarily to compete because i may have because it is too important and critical in the nation. organize it, which we are packed off. but there's nothing stopping us from providing ultimate the mechanisms. and similarly, the new development bank, which you were looking at, did very csv in order to participate and, and um, with bix supporting it, then at least the robust self. but typically the more the developing either really and countries

thank you this was hosted by the brookings institution.

coming up thursday morning, the brookings institution talks about vice president harris and former president addressing the national debt. then we discuss the national funding deadline, the federal reserve interest rate cut, and congressional news of the day. first with congressman glenn grossman. a member of the budget and oversight committee. and later with chellie pingree. a member of the appropriations committee. washington journal, join the conversation live at 7:00 eastern thursday morning on c-span, c-span now, or online at c-span.org. >> on thursday, live coverage of a hearing to examine the impact of the biden administration's policy decisions and leadership with a member of the fcc and a former epa official among the witnesses. watch the house oversight and accountability hearing at 10:00 a.m. eastern on c-span three, c-span now our free mobile video app, or online at c-span.org. c-span is your unfiltered view of government. we are funded by these television companies and more. including buckeye broadband. ♪ >> buckeye broadband supports c-span as a public service, along with these

so melissa kearney at the brookings institute has said there's no relationship between the cost of living in an area and fertility. and it's also been that women report having less kids now than in the past. so those findings in mind, do you think that housing deregulation would really noticeably significantly increase fertility? and my other question links together, your two graphic novel novels, i agree that getting rid of immigration restrictions would be immensely positive, but it seems that downside is that increase immigration increase, housing costs and with the zoning have in place, those housing costs are going back down. so given the immense benefits of, both zoning liberalization and immigration liberalization, do you have a preference for which we should do first? thank you. hmm. okay. same all right. so first of all, on the fertility point, i'm pretty convinced. here's the thing, right? so the total number of papers, the connection between housing prices, housing regulation and fertility, i think i able to find four papers ever written. so that's just truth in advertising. i'

in prepared remarks at the brookings institution michael barr is recommending a reproposal of capitaleed to hold barr said capital requirements under the reproposal for the eight largest banks in the u.s. would increase by 9% the initial plan outlined last july, july 2023, had that metric going up by 19%. banks with more than $100 billion in assets that are not the eight largest mid-size banks won't be subjected to the changes which i'll detail in a second other than to recognized unrealized gains and losses in their securities in regulatory capital, a nod to what happened with last year's turmoil barr estimated that will be a equivalent to 3 to 4% increase in capital requirements in the cohort in the long run the reproposal waters down key points that were met with fierce opposition from banks and other bedfellows including small business, farmers and the naacp. one of the more contentious areas capital treatment for trading and derivatives activities the reproposal allows for banks to use models for so-called market risk alongside a multiyear implementation period for tests that ens

so melissa kearney at the brookings institute has said there's no relationship between the cost of living in an area and fertility. and it's also been that women report having less kids now than in the past. so those findings in mind, do you think that housing deregulation would really noticeably significantly increase fertility? and my other question links together, your two graphic novel novels, i agree that getting rid of immigration restrictions would be immensely positive, but it seems that downside is that increase immigration increase, housing costs and with the zoning have in place, those housing costs are going back down. so given the immense benefits of, both zoning liberalization and immigration liberalization, do you have a preference for which we should do first? thank you. hmm. okay. same all right. so first of all, on the fertility point, i'm pretty convinced. here's the thing, right? so the total number of papers, the connection between housing prices, housing regulation and fertility, i think i able to find four papers ever written. so that's just truth in advertising. i'

coming up on the washington journal, brookings institution william galston joins us to discuss how vice president harris and former president trump are avoiding addressing the issue of national debt. later, congressman glenn grothman, republican from wisconsin, member of the budget and oversight committee will discuss federal spending. the deadline we have been mentioning this morning. and other congressional news of the day. we will be right back. >> american history tv, saturdays on c-span2, exploring people and events that tell the american story. at 7:00 p.m. eastern watch historic presidential elections, exploring what made these elections historic, pivotal issues of different eras, and the lasting impact on the nation. the election of 18 76. despite losing the popular vote, republican rutherford hayes defeated democratic governor samuel tilden. it was a contentious election that had to be decided by convention made up of the house, senate, and supreme court. at 8:00 p.m. eastern in lectures in history, university of north carolina pembroke professor discussing the bohemian culture

coming up thursday morning, brookings institution talks about vice president harris and president trump'sproach to address the national debt. the federal reserve interest cut and congressional news of the day. first with wisconsin republican congressman glen grossman, member of bucket and oversight committees and later with maine democratic woman, member of appropriations committee. c-span's washington journal join the conversation live at 7:00 eastern thursday morning on c-span, c-span now or online at c-span.org. thursday on c-span the house is back forenal speeches at 10:00 a.m. ete at noon members will begin wor on legislation to restrict fer funding to sanctuary cities to blkheir use for health care, shelter and other services for undocumented immigrants living there, on c-span2, t senate returningt 10:00 a.m. to consider the nomination of rose jenkins to be the judge in the ited states tax court and on c-span 3 at 10:00 a.m., the house overnight committee will hold hearing to examine the impact of the biden administration's leadership. these events also stream live in c-span now vid

associate editor for the washington post, and danielle pletka of the american enterprise institute. david brookskamala harris is visiting the border, trying to flip the script. the harris campaign has tried to gain ground on this issue by pointing to the bipartisan border deal, the congressional republicans blocked it earlier this year after trump came out against it. she's at the border today. what also she need to do to confront this issue and cut into donald trump's perceived advantage? jonathan: she is doing it. she is going to the border, she is there. she will be speaking about it later this evening. by going to the border and talking about immigration, it does give her yet another chance. she has been talking about this on the campaign trail. it gives her another chance to talk about the bipartisan comprehensive immigration deal negotiated by democrats and republicans. senator langford of oklahoma, one of the most conservative republicans in the senate, had all the votes and then donald trump called up and said don't vote for it and it died. it did not even come up for a vote. it gives th