cecelia, abc. there you are. cecelia: sir, you have made it very clear in this conflict that you do not want to see world war iii. but is it possible that in expressing that so early, that you are too quick to rule out direct military intervention in this war? could vladimir putin have been emboldened in knowing that you are not going to get involved directly in this conflict? pres. biden: no and no. cecelia: to clarify on chemical weapons, if they were used in ukraine, with that trigger a --would that trigger a military response from nato? pres. biden: it would trigger a response in kind, whether or not you're asking whether nato would cross -- we would make that decision at the time. cecelia: my final question because you are heading to poland tomorrow, do think getting a firsthand look at the war on these millions of ukrainians who have fled their country could change the way that you might respond? pres. biden: i don't think so, because i have been to many, many war zones. i have been to refugee camps, i have

cecelia vega traveling with the president. >>> the humanitarian emergency worsening. 10 million ukrainians now displaced by war. more than 2 million of them right here in poland. and tonight here, the orphans of ukraine, without a parent even before the war ban. their journey, who's caring for them now, and their powerful message tonight for the world. >>> back in the u.s. tonight, growing scrutiny involving supreme court justice clarence thomas after news his wife was texting the trump white house after the election. pushing for efforts to overturn joe biden's victory. and new questions after justice thomas was the only justice who voted against releasing white house records related to the january 6th attack. jon karl standing by tonight. >>> the deadly accident at an amusement park in florida. a 14-year-old boy who fell from a ride. authorities say he slipped out of his seat. >>> and the major weather system moving in for the east tonight. wind chills dropping into the teens and single digits. rob marciano standing by to time this out tonight. >>> and good evening on this friday night fr

cecelia?e go to washington now and that high-stakes call between president biden and chinese president xi jinping. senior white house correspondent mary bruce there with the very latest. mary, good morning. the white house increasingly concerned that china is considering helping russia with some military aid. >> reporter: yeah, good morning, cecilia. there is very real concern here that china could get involved with this war and tip the scale in the conflict. it is why president biden is putting china on notice. this administration is warning that china is considering assisting russia with military equipment. they're also worried that china could try to help russia economically to go around the crippling sanctions. for its it part, china says it's not a party to this war, but the white house says it speaks volumes that china is still not denouncing russia's actions in ukraine. i am told the president is going to be candid and direct in his conversation with the chinese president this morning.

cecelia, abc. >> server, you have made it clear in this conflict that you do not want to see world war iii. but is it possible that in expressing that so early that you were too quick to rule out direct military intervention in this war? could putin have been emboldened knowing that you would not be directly involved in this conflict? president biden: no and no. >> to clarify on chemical weapons, if chemical weapons were used in ukraine, with that trigger a military response from nato? president biden: it would trigger a response in kind. whether nato would cross, we would make that decision at that time. >> as you are heading to poland tomorrow, do you think getting a firsthand look at this war that has affected ukrainians, do you think that will change the way you respond? president biden: i don't think so. i have been too many war zones, refugee camps, more zones for the last 15 years. it is devastating. the thing that you look at the most, you see these young children, children without parents in those camps, refugees, men and women who are completely lost. you see that blank look

cecelia continues a long tradition of shares participating in nabe's annual policy conference and wantthank her for continuing that tradition today. so i'm going to ask a few questions and we will see where this goes, but i want to start out with just the administration's view on the economic outlook over the next year or so. obviously there's a lothe of uncertainty around that outlook right now but in particular i'm kind of interested in your view about where we are relative to the economy's potential in terms of job growth, output growth, and when we have inflation is that a sign we are overheating. where'd you see the economy headed over the next year or so? >> this is a really good question that we do spend a lot of time thinking about. the way that i see it is, as you mentioned, we've got a lot of uncertainty -- >> can you turn on your microphone? now? on >> no. >> do i control that? >> no, they do it back here. >> hello, can you hear me now? are we on? >> we are not on. >> well, old-fashioned, old school. is this on? is that better? >> thank you. >> usually people don't think tha

but i'm waiving coffee telecom net krinski. felt that this newly cecelia of then yes, come a little that you will post because of my my day and there because my child by thought shedding the other guy. yeah. a new one was in his life and he will. yeah. oh, i see, i toaster finish my union. another boy didn't if it was to but you know, i can call it, i thought it was a deal set up. one of them is approaching is a bit more than what we can have them. similarly, if they have the most natural that look for them with a little bit more there, which is not a problem. yup. what, no minimum the for them with some of them. so they go with what you normally because a, you, but this will cause the movies to go. there you go from, do you should you knew where food a, she'll grade you on the more multiple company we have to show it was new to me and you can, you can actually a little sure. your mother all over. you know, there's been, you know, give a good night my, that all that don't go by that stuff with. we knew anybody that we're way in the, the sessional this or i'm just now she's done on the st

cecelia. >> troubling development.es, thank you. >>> we're going to turn to the latest on the growing refugee crisis. more than 1 million people, so many of them children, have fled ukraine in the face of this russian violence. thousands more on the move, desperate to get out of this country quickly. david muir, "world news tonight" anchor there on the border with poland. david, the stories you're hearing, they are just heartbreaking. >> reporter: they really are, cecilia. and another extraordinary scene playing out right here this morning. another train has just arrived here at the train station. we're just across the border here from ukraine in poland. you can see the families here gathering. hundreds of mothers and young children getting off of the train here this morning. inside this train station, the scope of the need is crushing. so many of the mothers telling me they spent 20, 22 hours on trains, just to get here. one mother saying her children slept on the floor of the train. they tell their children, they wil

cecelia? >> reporter: hey, amy. good morning to you. the white house anticipating what they just heard from president zelenskyy there, an emotional plea for sure. president biden set to deliver remarks in a matter of hours addressing some of this direct appeal from ukraine. he's going to announce, i'm told by sources here, $800 million of new aid. that's going to include weapons zelenskyy was asking for. antitank and antiair systems. they're sending in armed drones as well. this is part of this new round of aid, it's part of the bipartisan bill that the president signed yesterday. the white house is focused on everything they've done in the past here leading up to this crisis. let me show you some of the weapons that the united states has delivered to ukraine in the past year. we're talking about 600 stinger antiaircraft missiles. 2600 javelin antitank missiles, 200 grenade launchers, five choppers, three bhoeoats, they didn't want to give it to ukraine before this for fear of escalating russia. president biden is headed to europe next

we spoke this morning to cecelia who said they had to lock in some of that data around november of last year so it's not reflective of the latest expectations on economic conditions. their view is that a higher inflation numbers would increase revenue by roughly similar numbers. they expect deficit numbers would be similar to what's in here because they think outlays and revenues would both go up. guy: of the ukraine war is another factor. how much should we assume that that will change as a result of the situation on the ground? there is a clear desire for nato to bulk up even more. is the expectation that there will be significant changes as a result of the ukraine war? >> i'm not sure how that would affect the $18 billion defense in this budget. clearly there an upward pressure on expectations for defense spending. we spoke late last week to richard shelby who said if inflation rises -- raises his expectations for defense spending because of cost-of-living, cost of goods, that's one major factor that would require more defense spending. obviously vladimir putin has made the word -- w

cecelia continues a long tradition of chairs participating in the annual policy conference and i wantthank her for continuing that tradition today. i'm going to ask a few questions and we'll see where this goes but i want to start with the administrations move on the economic outlook over the next year or so, there's a lot of uncertainty around the outlook but i am interested in your view on where we are relative to the economy's potential in terms of job growth, output growth, we have inflation, where you see the economy over the next year or so? [inaudible] the way i see it as you mentioned, a lot of uncertainty -- [inaudible] >> they do it back here. we are not on. [laughter] >> is this on? there we go. usually people don't think i'm outspoken so this is the first time. [laughter] we are obviously spending a lot of time thinking about where we believe the economy is headed and there's a lot of uncertainty, i usually draw the analogy to a crystal ball and i would say keep shaking it, tell me where we are headed but here's how i'm thinking about it, we got a lot of headwind, obviousl

cecelia, abc. there you are. >> sir, you have made it very clear in this conflict that you do not want to see world war iii. but is it possible in expressing that so early, you were too quick to rule out direct military intervention in this war? could putin have been emboldened, knowing you are not going to get involved directly in this conflict? pres. biden: no and no. >> and to clarify on chemical weapons, if chemical weapons were used in ukraine, with that trigger a military response from nato? pres. biden: it would trigger a response in kind. whether or not you are asking -- we would make that decision at the time. >> my final question -- because you are heading to poland tomorrow, do you think getting a firsthand look at the effects of this war on millions of ukrainians who have left their country could change the way that you might respond? pres. biden: i don't think so, because i have been to many, many war zones. i have been to refugee camps, war zones for the last 15 years. it's just devas

cecelia, abc. you are. >> sir, you have made it very clear in this conflict that you do not want to see world war iii. but is it possible that in expressing that so early that you were too quick to rule out direct military intervention in this war? could putin have been emboldened knowing that you are not going to get involved directly in this conflict? pres. biden: no and no. >> and to clarify on chemical weapons, if they were used in ukraine, with that trigger a military response from nato? pres. biden: it would trigger a response in kind. if you are asking whether or not nato would cross, we would make that decision at the time. >> my final question. because you're heading to poland tomorrow, do you think that getting a firsthand look at the effects of this war on these millions of ukrainians who have fled their country could change the way that you might respond? pres. biden: i don't think so, because i have been in many, many war zones. i have been in refugee camps, i have been in war zones fo

good morning, cecelia. >> reporter: hi, linsey. good morning to you.in a united show of force against vladimir putin. president biden on his way here to poland right now, and he is pushing european leaders to isolate putin even more by cutting off their dependency to russian oil. this morning, president biden with european allies making a big promise that could help them and hurt moscow saying the u.s. will ramp up shipments of gas to europe so countries are less dependent on russian oil. >> putin's energy resources are to coerce and manipulate his neighbors. that's how he's used it. he's used the profits to drive his war machine. >> reporter: allies gathered at nato headquarters for that emergency meeting where president biden stood firm in his decision to not send american troops to ukraine. >> you have made it very clear in this conflict you do not want to see world war iii, but is it possible that in expressing that so early that you were too quick to rule out direct military intervention in this war? could putin have been emboldened knowing that y

cecelia rouse thinks the war in ukraine could accelerate inflation in the near term. >> this may well in turn could reinforce inflation, which was already an issue prior to the invasion due to the pandemic, supply chain constraints and a strong demand for goods. >> now, some economists are already raising their inflation targets and lowering growth forecasts because of putin's war. inflation shot up to 7.9% in february from the year before. mostly driven by big cost increases for the basic necessities. and that data, brianna, was collected before the fallout of russia's invasion could be calculated in the number. now, the u.s. economy overall, of course, important to note, quite strong. coming off the best year of growth since the reagan administration, the jobs market is humming, wages are rising, it is why the official inflation fighter, the fed, is comfortable raising interest rates to tame prices. now, ironically fighting inflation will come with a different cost for consumers, higher borrowing costs on credit cards, auto loans and mortgages and the fed is likely to keep raising i

cecelia, we had a sense this was coming.ou heard him say this is another powerful blow to putin's war machine. really, there was this growing narrative in the last few days that the administration wasn't doing everything in its power to deliver another painful blow to russia's economy. this was a major tool in the president's tool belt that they had been hesitant to use. there are a number of european allies who can't go this far. we found out the uk is announcing its plans to phase out russian oil. we're still talking about a long way down the road. this is going to take a long time for them to do because of this dependency they have on russia's oil supply. the white house was pressured to do this. there were pleas from volodymyr zelenskyy to do this. you heard the president say americans are going to feel this. they're trying in this administration to figure out ways to use alternative energy. the president was talking about releasing oil reserves. also, this trip that officials here at the white house have taken to surpri

cecelia, thanks very much. >>> let's bring in our military analyst, retired colonel steven ganyard andephen, what we're seeing is this combination of negotiations on the one hand stepped up, bombardment on the other. what does this tell you about where things stand on both the diplomatic and military front? >> yeah, george, it's to russia's advantage to continue to try to negotiate to show they are a willing participant in the negotiations themselves but it also buys them time on the battlefield. the status quo on the battlefield can't be acceptable to mr. putin, and so continue the negotiations, see if they can change the status quo and give themselves leverage in the talks. >> how does it play out over the next few weeks? >> it will be interesting to see how the negotiation positions change. you know, we don't know what the russians have asked for, but we do know that zelenskyy has changed his position a couple times. we know that he's backed off in saying they want to join nato and stop flirting with the eu. potentially they would give up the donbas and crimea. if all these things c

good morning, cecelia. >> reporter: hi, robin. good morning to you.iven the president's low poll numbers, this is not the speech his team wanted him to be giving tonight. ukraine will be a big part of the message. you'll hear biden talk about the democratic values in the face of russian aggression. you're going to hear him talk about leading allies coming together for the harsh sanctions against moscow. you will hear what they are trying to do to minimize the hit on people's wallets at home. state of the union speeches are usually a time for the president to tick off accomplishments for the past year, but right now, president biden tonight, finds himself giving this first one as a wartime speech. robin? >> he also has to find a way to address the economic pain we're feeling at home. and he comes in with those historically low approval ratings you're preferring to. >> reporter: you're right. only 37% of people are happy with the job that he's doing right now, so inflation, how much people are paying for goods is going to be a major part of the speech.

. >> thank you cecelia, appreciate your frankness. give her a round of applause. >> thank you. [applause] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] >> good morning, everyone. a happy first day of spring. i'm jeff holland, vice-president of research for the peter g. peterson foundation and i'm honored to be here today with this distinguished guest of panelists to be discussing our perspectives on u.s. fiscal policy. we have a great panel of current and former cbo officials. we have wendy oettlberg, from brookings institution and former chief economist at cbo next to wendy, we have phil swagel, current director and doug holts eakin , a former cbo director. as a reminder

next year, right now, cpi inflation is 7.9% so the chair of the economic advisors for the president ceceliaply chains will work themselves out and that is the reason they see inflation come back down. the budget also leaves a hole and does not add in the cost of the president's social spending package. the reason for that according to the omb director sholanda young is because negotiations are ongoing in congress and they can't put a price tag in until that finishes, so the cuts to the deficit may not actually happen in this. the budget also says they are increasing spending to be paid for by wealthy and corporations, on the corporate side it moves the corporate minimum tax rate to 28%, the original number the president wanted something senator joe manchin said was a red line for him and too high, it's at the minimum corporate tax rate, and adds penalties for multi-national companies that it deems hiding revenues in other countries and then it adds that billionaires tax that they had talked about, 20% tax on revenues as well as unrealized gains on billionaires. now, again, this is not a bil

host: cecelia ralph of the council of economic advisers talked about supply chain issues. you what she had to say and get your response. [video clip] >> important moment for democracy. what we know is putin's invasion of ukraine will have impacts on energy and food prices. as the president said, we can expect that while our sanctions will have their focus and most of their impact on the russian economy, we can expect we will see a bit of impact in the u.s. as well. the first is impact on gas prices and oil prices. we can expect fertilizer and energy prices, to see impact on food. the president is focused on doing what he can to ensure increases are contained and not, doing what he can to ease it for the american people. he has worked with our partners to increase additional 60 million barrels from the petroleum reserve. he has other options on the table he will be considering as they come up. in terms of food prices, the u.s., we don't expect a shortage here because we are net exporters. we are acutely aware of the fact there are regions in the world that depend heavily on

. >> want to play a little bit from cecelia ross of the economic advisers. she talked about the supply chain issues related to russia, ukraine. i will tell you what she played and get your response to that part. >> this is an important moment for democracy. but what we do know is that putin's invasion of ukraine will have impact on both energy prices and food prices. as the president has said we can expect that while our sanctions are going to have their focus and it most of their impact on the russian economy, we can expect we'll see a bit of impact to the united states as well. the first we are seeing is some impact on gas prices and oil prices. week expect effect on food. with that said the president's focus those increases are contained on their tomb at the kent east for the american people. to increase an additional 60 million barrels from the strategic reserve. has other options on the table he will be considering as they come out. as far as food prices the u.s. we don't expect a shortage here because we are net exporters. but we are acutely aware ther