a paper on this put out by the joint economic committee under leadership of don buyer, house vice chair on that and it talks about all the things -- to succinctly put it, when president obama came into office the unemployment rate was 10%. when he left it was 5%. donald trump did not inherit -- he inherited a momentous job creation. president obama came into office, 6000. when he left it was it 18,000. again, momentum the administration was able to pick up on. during eight years of obama's presidency he reduce the deficit by $1 trillion. instead this administration is increasing and with their tax cuts, tax scam, the benefits are going to the top one%. they increased the national debt by $2 trillion and tried to expose -- pay for itself but they went to medicare and medicaid to try to pay for that. we are not doing that. during eight years when president bush was president, job growth was slow. under president obama we gained 14 million private-sector jobs and during his presidency, that is far more in terms of years than this president has created. momentum, up have to $14 million is n

i've given you a paper on this put out the joint economic committee under leadership of our house vice chair on that and it talks about all the things job creation and the rest. ... it was at 18,000. again, momentum. that the administration was able to build on. during the eight years of the president obama's presidency he reduced the deficit by a trillion dollars. instead this administration is creasing it and with the tax cut, the tax scam for 80% of the benefits going to the top 1%, they increased the national debt by $2 trillion and they want to medicare and medicaid to try to pay for that. but we're not doing that. and then during the eight years of -- when president bush was president, the job growth was slow, under president obama we gained more than 14 million private sector jobs, and during his presidency, more than -- and that is far more in the pro rated in terms of years than what the president has created. a momentum, a path of $14 million is not a mess, mr. president. and then during his presidency, we rescued the auto industry and all that brought back to the economy. du

to the government or each short meeting show me this year or so i meant the autonomy of this economic committee on my 4th of the. no obvious. now what other people have to provide if i meet him she will get most i can see and think it was our last visit here not to see what the more had a homemade gift or force i got so when she would be a toady oh but i was around in case it and someone they couldn't even or the police form. you know he did beat your daughter loom don't usually you never do just the morning we have you have a dog i never knew how to do your feet were lying dormant to them you're choking by her younger sister oh you don't at all it was like what she did shut sure you want to be done all you need are the day around here you have to love your son but official sure do this in blood that bush immediately we have scrambled up into us is a party where they were not unheard of going in there and then door to door to kick up a lot of they want to hear. what their history there were chemical and everything like that them sound the judgement of it is you got to get your money here in eur

for each short meeting show me this year or so i went there more thoroughly if there is the economic committee on my 4th of the norm but if this. now a lot of. people hit the pipe if i meet him she will get most i can see and think it was our last visit here not to see what the more head of the media thought false i got so when she would be a toady oh but i was around the case he doesn't want to coordinate the police form . you know he did beat your daughter loon don't usually you never do just the morning we have you have a dog i never meet up with your finger or i'll be doorway to them you're choking my her younger sister oh you don't at all it was a good she did shut me up this reminded me not all you need are the day around here you have your son but official sure do this in blood books immediately we have scrambled up in their sleep already where they were not unheard of going in there and then there are door to door just pick up a lot of thinking. what their his or their what i mean when i became that them sound judgement of did you gather together me here interrupted here nobody ever re

we understand this is the economic committee, a committee meeting.eak in just a few moments. she is going to say the ecb has forificantly reduced scope action. speaking of concerns about 2020, christine lagarde will say the ecb has significantly reduced scope for action. the lines of her speech have been released, even though she has not given that speech yet. we are also getting headlines from the ecb that says banks 232.9 billion euros overnight. we are waiting to christine lagarde to speak, and we will bring that live. stick with number television. president, christine lagarde, speaking the european parliament in brussels. be clear is that out her strategic review, and again on negative rates that stan from her predecessor. from hertem predecessor. this is bloomberg. ♪ anna: welcome back to "bloomberg markets: european open." ofistine lagarde, president the ecb, speaking in brussels. let's listen to what she has to say. increasing wages continue to support the resilience of the euro area economy. there are some signs of a moderate increase in unde

the government restricts economic activity on half of its population, less than half of that economic committee will take place. in our report, we formed a wgdp index to measure how much a country allows or disallows women to participate in the economy. we quantify the benefits if all countries changed their laws and regulations to allow women to participate in the economy in the same capacity as men. by removing the restrictions on all female and economic activity, we find an increase in global gdp by seven join dollars, -- $7 trillion. fully deregulating women's economic activity in the most restricted regions would increase real per capita gdp by almost 60% in this country. the largest increases of gdp are predicted to come by removing legal restrictions to female labor participation and as well as owning property. it should not come as a surprise that leveling the playing field to allow women to participate fully in the economy would lead to increased economic performance. just as the administration realized great results for americans through domestic deregulatory reforms, so too can we en

put simply, if the government restricts economic activity of half of its population, less economic committee will take place. sing -- formede a single wgdp index to measure how much a country allowed or disallowed women to participate in the economy. within modified the potential benefits if countries change their laws to allow women to participate as the same capacity to men. -- at the same capacity to men. we find an increase in annual aggregate global gdp i about 7.7 trillion dollars in real terms. fully deregulated women's economic activity in the most restrictive regions would overase per capita gdp by 60% in those countries. the largest increases are predicted to come by removing legal restrictions to female labor force participation as well as women owning and managing property. surprise not come as a that leveling the playing field to allow women to participate fully in the economy would lead to increased economic performance. just as this administration has realized great results through domestic deregulatory reforms, so too can we confer -- encourage other nations to give women the

obama administration on the economy, and i've given you a paper on this, put out by the joint economic committee under leadership of don buyer, our house vice chair on that, and it talks about all the things, job creation and the rest, but to succinctly put it, when president obama came into office, the unemployment rate was 10%. when he left it was 5%. so president trump did not inherit a mess, he inherited a momentum of job creation. when president obama came into office, the stock market was 6,000. when he left it was at 18,000. again, momentum that the administration was able to build on, not a mess. during the eight years of the -- president obama's presidency, he reduced the deficit by a trillion dollars. instead, this administration is increasing the trillion dollars and of course with their tax cut, their tax scam for 83% of benefits going to the top 1%, they increased the national debt by $2 trillion. and therefore tried to expose the pay for itself, but instead went to medicare and medicaid to try to pay for that. but we're not doing that. and then during -- during the eight years of p

i've given you a paper on this put out by the joint economic committee under leadership of don beyer, our house vice chair on that and it talks about all the things, job creation and the rest. but to succinctly put it, when president obama came into office, the unemployment rate was 10%. when he left it was 5%. so president trump did not inherit a mess, he inherited a momentum of job creation. when president obama came into office the stock market was at 6,000. when he left it was at 18,000. again, momentum that the administration was able to build on, not a mess. during the eight years of president obama's presidency, he reduced the deficit by a trillion dollars. instead this administration is increasing the trillion dollars and of course with their tax cut, their tax scam for 83% benefit going to the top 1%, they increased the national debt by $2 trillion and therefore they try -- it supposed to pay for itself but instead they went to medicare and medicaid to try to pay for that. but we're not doing that. and then during the eight years of -- when president bush was president, the j

and as the philadelphia committee declared, we conceive the told the economic crisis can be no other than the discretionary power of we citizens organizing and acting through a committee. so once again-as they were in 1774, 1775, the crucial sites of the revolution became these communities where, as one bold connecticut committee proclaimed, thank you imagine just a group of citizens proclaiming by the blessings of province, and the united efforts of fellly countrymen we will rescue ourselves, our country, our posterity from poverty, misery and destruction. they were going to do it. hough did the think they were going to do it? they did it by setting fair prices and fair wages for all things. it was an impossible task. imagine vermont today, my beloved vermont, is full of citizens committees. we want get through our days without having a committee. you know that world. committees sitting around and saying, well, look, what did -- do you remember what nails cost in 1773? was its like two pence? might have been two and a half pence. hundreds of items suddenly being decided. it was a com

in terms of the economy, the people's bank of china has done a number of things to support economic a committee and i think you can expect the chinese government to do lots of things to support economic activity and they have said they are open to determine the a fax. i think you will see governments acting in asia and particularly in china, to offset those. >> the gentleman from new york who is also the chair for the subcommittee on consumer protection and financial in the two nations is recognized for five minutes. >> welcome, mr. chairman. let me speak initially on asymmetrical growth. at lengthn discussed in my community and others that 40% of americans do not have adequate savings for a $400 emergency. and similarly, one in five americans skip essential health care or fail to pay import and monthly bills due to the lack of funds. finally, a large share of the population is also under banked or un-banked. on the about that a lot subcommittee i chair. my first question to you then is -- why haven't circumstances improved for low and moderate income americans more rapidly in the past few year

were one of my favorite in the 1980s when i was at the senate budget committee and the joint economic committee select switched on to be back and see some old friends. the 1980s was an important time for u.s. growth but like today, the years presented challenges for growth especially for the developing countries there's quite a few topics today but the one i'd like to tackle is the need for faster growth in the developing countries the challenges that they are facing and i want to focus on the importance of the growth rates within the developing country growth rate metric, but also the importance of digital financial services, which i want to speak about, and also transparency of debt and investment policy which is something the world bank is working on. i can list the various parts, but the short take is there are five different parts of it. the ifc, the international finance corporation which works on private sector growth. there is the different types of cross-border risk and also to help settle investment disputes between the government and investors so it's a big group with a clear mission

peter papadopolous with the economic planning committee, and i'm here to support theresa for the role of planning commissioner. i've known her for sometime. she is a passionate advocate for housing protections and legislative work, as well. [please stand by] advisor, my name is rena tolo, i'm a direct 7 resident, and i also work in d-11. i'm here in strong support of teresa. i would like to tell you that while she has all of the qualifications that satisfy the technical requirements, i think we should see she also has a strong community connection that we have asked you for, and she has a lot of in tegrity. thank you. >> buenas dÍas. [speaking spanish] >> prime minister trudeau[speaking throughinterpr] hi, i have worked at the cause for the past nine years. [speaking spanish][speaking thrh interpreter] i'm here in support of teresa because she knows the community. and the work that she has done at bishop gives her the capacity to be able to make strong decisions. and i ask for your support in appointing her to the planning commission because she has a really strong ear to the communit

by the joint economic committee, let me show people that under president obama, we were doing 227 jobs per month, average. then, under this president, 191k jobs a month per average. good, he inherited the excellence of the work that was done by president obama and the democratic congress. unemployment rate, when we came in, it was a bad shape. did you remember the debacle that we were engaged in, coming flat gown. obama then raised those numbers, might i just get a yes that didn't write these. it went up and sort of continued? does that look right? >> absolutely. >> i just want you to be on the record. of course you can see there is obama and then there's trump. so fiscal policies that take into consideration debt and also providing for those who are in need is important. medium income, we were not doing well, and then we managed to keep going up and it went up over obama and another president came in and took credit. that's my word. i want to note that we saw the blue going up or holding steady during those years from 2010 to 2016. is that accurate? >> yes. that looks accurate. we've

committee left a policy unchanged. they believe the current stance of the monetary policy will support the continued economic growth and a strong labor market and inflation return to the committee's symmetric 2% objective. as long as it remains broadly consistent in this outlook in the current stance of monetary policy will likely remain appropriate. of course, without preset course of the developments emerge with the outlook we would respond accordingly. taking the longer view there's been a decline over the past quarter century with a level of interest rates consistent with the prices and the economy operating at its full potential. this low-interest rate environment an we may limit the ability of banks to reduce public interest rates and thought to separattoseparate the downturn. with this concern in mind, we have been conducting the review of the monetary policy strategy, tools and communication practices. public engagement is at the heart through the events we've been hearing from representatives of consumer, labor, business, community and others. the february monkey park to monetary policy shares some of what we

at the senate, when i worked at the senate budget committee, treasury, and congress' joint economic committee. it's fun to be back and see some old friends. the 1980s was an important time for u.s. growth, but like today, the years presented stiff challenges for global growth, and especially for developing countries. there are quite a few hotter topics today, like coronavirus. but the one i would like to tackle is the need for faster growth in developing countries, the challenges that they're facing, and i want to focus on the importance of europe's growth rate within the developing country growth rate matrix. but also the importance of digital financial services, which i want to speak a little about, and also, transparency of debt and investment policies, which is something that the world bank is working on hard. i can list the various parts, not everyone knows what the world bank is. but the short take is there are five different parts of it. ibrd, the ifc, the international finance corporation, which works on private sector growth. there's migo, which insures against different types of cro

committee left the global rate unchanged. the fomc believes it will support continued economic growth, a strong labor market, and inflation returning to the committee's symmetric 2% objective. as long as incoming information about the economy remains broadly consistent with this outlook, the current stance of monetary policy will likely remain appropriate. of course, policy is not on a preset course. if developments emerge that cause a material reassessment of our outlook, we would respond accordingly. taking a longer view there has been a decline in the last quarter century in the level of interest rates consistent with stable prices in the economy operating at its full potential. this low interest rate environment may limit the ability of central banks to reduce policy interest rates to support the economy during a downturn. with this concern in mind, we have been conducting a review of our monetary policy strategy, tools and communication practices. public engagement is at the heart of this effort through our fed listens events, we have been hearing from representatives of consumer, labor, business community and other groups. th

but jobs and economic opportunities for veterans our committee focuses on mental health and suicide one of the best things that can happen to someone who is in the community to be a part of that community and help with all of our battles everyone in every part of the country has a bright future. >> would you be making just one - - adjustments one way or the other quick. >> we held a hearing last week in front of our committee and the deputy secretary was with us to make sure oversight is done in a way that these men and women in the veterans what they deserve. >> i've never met a president who's done more for the men and women who have for a uniform for the united states other than president trump and 2016 veterans choice and accountability 8000 people no longer are at the v.a. providing a level of care that you demand these members of the house and the senate the chairman had a part and today is just one more installment of your commitment and the american people's commitment those that serve the nation. so thank you mr. president. >> as a veteran of afghanistan you are second to none

obama administration on the economy and i've given you a paper on this put out by the joint economic committeehip of our house vice chair on that and it talks about all the things, job creation and the rest but to succinctly put it when president obama came into office, the unemployment rate was 10% when he left, it was 5%. so president trump did not inherit a momentum of job creation when president obama came into office, the stock market was at x thousand in. when he left, it was at 18,000. again, momentum. the administration was able to build. during the eight years of president obama's presidency, he reduce the deficit by a trillion dollars. instead, this administration is increasing that and of course with their tax cut, their tax scam with benefits going to the top 1%, the increase the national debt by $2 trillion. and therefore tried to pay for itself but instead they went to medicare and medicaid to try to pay for that. but we are not doing that and then during the eight years of when president bush was president, job growth was slow under president obama, we came to more than 14 milli

to our final panel, closing out, and batting cleanup, we have the chair of the economic development of commerce committee, governor ducey is going to lead a discussion along with governor kelly on removing licensing barriers to employment. >> thank you very much. and thank you governor bullock. i want to say while you'll hear governor kelly and i talking about occupational licensing, i hope what you're really hearing is how to grow prosperity in your individual state, because that's what this reform really does do. in arizona we've worked hard. we've been fighting for occupational licensing reform for years. in 2015 we eliminated occupational requirement for citrus, fruit and vegetable packers, yoga instructors at their request, and driving school instructors. in 2017 we waived licenses fees for people earning less than 200% of the federal poverty level. last year arizona led the nation in lifting people out of poverty, and we believe that policy had a place in that good result. so several years ago, we wanted to expand this further. arizona began recognizing licenses that were out of state for military

put out by the joint economic committee under the leadership of tom bier, our house pasture on that.came into office, the stock market was at 6000, when he left, 18,000. again, momentum. that the administration was able to build on, not a mess. that the administration was able to build on, nota mess. during that the administration was able to build on, not a mess. during eight yea rs of build on, not a mess. during eight years of president 0bama's presidency he reduced the deficit by $1 trillion. instead this administration is increasing, and of course whether tax scam, 83% of benefits going to the top 1%, they increase the national debt by $2 trillion and therefore, it was supposed to pay for itself but instead it went to medicare to try to pay for that. we are not doing that. during the eight years, when president bush was president,... under 0bama we gained more than 1a million private sectorjobs. that is far more prorated in terms of years than this could punishment president. it is not a mess to stop we rescued the auto industry and all that brought back to the economy and durin

to our final panel, closing out, and batting cleanup, we have the chair of the economic development of commerce committee, governor ducey is going to lead a discussion along with governor kelly on removing licensing barriers to employment. >> thank you very much. and thank you governor bullock. i want to say while you'll hear governor kelly and i talking about occupational licensing, i hope what you're really hearing is how to grow prosperity in your individual state, because that's what this reform really does do. in arizona we've worked hard. we've been fighting for occupational licensing reform for years. in 2015 we eliminated occupational requirement for citrus, fruit and vegetable packers, yoga instructors at their request, and driving school instructors. in 2017 we waived licenses fees for people earning less than 200% of the federal poverty level. last year arizona led the nation in lifting people out of poverty, and we believe that policy had a place in that good result. so several years ago, we wanted to expand this further. arizona began recognizing licenses that were out of state for military

committee. judy shelton was questioned about statements she's made over the years about economic and monetary policy. some republican committee members said after the hearing that they had concerns. the committee also heard from christopher waller, another nominee for the federal reserve. >> this hearing will come to order. this morning we will consider the nominations of the honorable judy shelton to be a member of the board

i particularly want to thank the members of this committee for their work on this important issue. in addition, president trump's economic policies will result in economic growth, will reduce our national debt and deficits over time. in order to secure critical funding to rebuild a military, -- the military, democrat members of congress insisted on increasing other government spending, which resulted in overall spending of 8%. the administration is committed to working with members from both sides of the aisle to address spending going forward. the president's 2021 budget for the treasury department makes it clear that as we continue to prioritize economic growth as well as national security. of particular for this committee, we are requesting $12 billion for the irs, this includes funding to implement the taxpayer first act, and the third year of integrated business system modernization. we continue to bring the irs into the 21st century by updating systems, utilizing data analytics, and other technology advances to enhance the effectiveness of audit enforcement activities. we are requesting program integrity cap adjust

i sat on the joint economic committee for years. and three, four years ago, we had smart economists telling us that labor force participation was going to crash. this was impossible. it's here. these types of wage gains -- as you know, we had to recalculate the productivity numbers which turned out to be much higher 2019. how do we take what is working right now and expand those concepts so we hit a level of economic stability and growth that gives us a fighting chance not to be buried in debt? and how does that become a partisan rage around here? i accept my brothers and sisters on the left live in an economic folklore of well, we'll tax rich people and that will take care of it. and my brothers and sisters on the republican side we will get behind microphones and say it's waste and fraud. none of those are true. just for once try to tell the truth about the math. the mathis stunningly ugly. simple concept and even last week i think i brought this board here, if you take the next 30 years and you pull social security and medicare o

chair jay the bankstifying, and of england governor mark carney taking questions from the economic affairs committeeon on that jay powell speech. what are we expecting the chair to say? michael: it is always something. the fed hoped to go on hold and remain noncontroversial this year, but you have the coronavirus and everyone wants to know, what does the fed think of the economic outlook given the disease? china, sap demand from lower growth worldwide, and affect the united states? jay powell does not have any answers. it is too early and it is hard to model because we do not know how long it will last or how far it will spread. the fed is on guard but he will not make any commitments to a rate cut. that is what wall street would like him to do, but that will not happen today. this is an election year so you will get questions about the general,the outlook in depending on whose party is asking the questions. francine: if the coronavirus stays as it is, when do we first see it in the data? what is the first data point that will look into this period? michael: it will probably show up in the pmi numbe

. >> the national league of communities economic development committee has embraced opportunity zoneswith some of the concerns that karen alluded to. i can tell you in my district in the city of los angeles, i that was one of the first projects that was financed, and opportunities on that is focused on housing. at the second one is coming in my district. but when we talk about planning and future planning, even talking about inclusionary zones, focused on affordable housing, we as city leaders and county leaders put in an inclusionary zone for senior housing. and the demand of developers who are bringing housing into our respective cities to put aside a certain percentage for that senior housing. i can tell you again through personal experience that my parents my -- dad is 74 and my mom is 68 -- they are looking at a local retirement home, little sisters of the poor in my hometown. and there is a 28 year wait to get into that site. so are we prepared as city leaders to address that issue of senior housing and demand more senior housing be built in our cities, towns and villages across

. >>> the senate environment and public works committee held a hearing on the economic development administration which makes investments in economically distressed communities. the assistant commerce secretary for economic development testified at the hearing. >> good morning. i'll call this hearing to order. and today we will conduct oversight of the economic development administration. i would like to welcome our witness, dr. john fleming. we've worked together over the years. he's assistant secretary of commerce for economic development. in march of last year the senate confirmed dr. fleming. we look forward to hearing about the agency's priorities under your leadership. the economic development administration's mission is to foster regional economic investment efforts in communities across the nation. that mission is guided by the principle that sustainable economic development should be locally driven. instead of the washington knows best approach the economic development administration works hand in hand with local partners. the agency provides limited funding and technical assistance to a

committee. judy shelton spoke about economic and monetary policy. republican committee member said that after the hearing, they had concerns. the committee also heard from christopher waller, another nominee for the federal reserve. >> to be exact. [gavel] mr. crapo: this hearing will come to order. this morning we will consider the nominations of the honorable judy shelton to be a member of the board of governors of the federal reserve system. and dr. christopher waller, to be a member of the board of governors of the federal reserve system. welcome and congratulations to each of you for your nominations. i see friends and family in the room today and i welcome them as well. we're fortunate to have these two highly qualified nominees appearing today. these positions are critical to ensuring a safe, sound and vibrant financial system and a healthy, growing economy. the federal reserve was created by congress as the nation's central bank to promote a stable economy and a safer, more flexible financial system. among the federal reserve's responsibiliti

these proposals college athletes shouldn't be forced to sacrifice their economic freedom and rights human told a senate committee tuesday. it's a job the states can handle. but as president mark emmert once a uniform standard different laws from various states. >>will create an even an unfair playing field for our schools and student athletes, the nca is 3 divisions house more than a 1000 schools in nearly half a million student athletes members of congress are working on multiple ways to develop federal legislation including former ohio state football player congressman anthony gonzalez, an award-winning full scholarship chemist can accept any financial rewards that may come her way. >>but the fastest runner on the track team cannot but athletic conference as college sports is not a vocation and senators to make sure that no one is left out still haven't settled on the right solution. >>as the mta's biggest moneymaker march madness. it sure to bring even more attention to the issue in washington, i'm just eaten or. >>the san francisco chamber of commerce announced the 2020 class of inductees into the bay area s

i have been in contact with the banking committee about a set of economic warnings that are out there and i will give you a copy of the letter i wrote to chairman crapo and ranking member brown, but i want to read you some parts it was prefigured by a december letter i wrote based off the warnings of a coastal property values crash that have come from a number of sources, in particular freddie m mac, a credible source for a warning like that, and a crash led primarily by the bank of england. there are now over 30 foreign banks echoing those warnings. between december 2 and february 6 when i sent this one the bank for international settlements came out with a very significant warning that the physical and transition risks associated with climate change would affect the stability of the financial sector. that they could be by ordinary methods. the impacts could be so great as to make quantifying financial damages impossible. the effects would be, and i quote them again, catastrophic and irreversible, that the climate related risks will remain largely unhedgeable as long as system wide a

economic freedom. he started the free market political action committee to support free market principles and the candidates who embraced them. and it became the inspiration and prototype of groups like the club for growth and americans for prosperity and freedom works today. in the 1970's when jerry brown first came to power and appointed radical leftists to the california courts, h.l. founded the law and order campaign committee which became the driving force behind the historic recall of chief justice rose bird and two of her associates on the california supreme court. that organization went on for many years to restore common sense to the california courts and criminal justice system, including pressing the legislature to restore the death penalty over jerry brown's veto. his passion for the second amendment was his most defining cause. he founded gun owners of california to fight the growing movement in california to disarm law-abiding citizens. and his success not only beatback proposition 15, a 1982 initiative to ban handguns in california, it generated so many new second amendment voters in that ele

i have been in contact with the banking committee about a set of economic warnings that are out there, and i will give you a copy, to ranking member brown, and i want to take a minute to reintroduce, imparts based on december letter that i wrote, based on a coastal property values crash that come from another source but in particular, freddy, mac officially credible source, and of a carbon asset bubbles crash led primarily by the bank of england have been at this for quite some, time they are now over 30 sovereign and central banks echoing those warnings so between december 2nd, when i said the first letter and december six when i sent this, when the bank for international settlements came out with a very significant warning, that these physical and transition risks associated with climate change, what effect the stability of the financial sector, that they could be irremediable by ordinary methods. the impacts could be so grace so as to make quantifying financial damages impossible. but the effects would be, i quote them, again catastrophic and irreversible, that these climate relate

reporter: we'll have to see if the members of the federal open market committee agreen to a rate cut. gregg: a former reagan economicdvisor, art laffer and heather zumarraga. one of the nation's leading infectious disease experts dr. anthony fauci will be with us. the president and his team are hard at work on the coronavirus. the federal court of appeals ruling that house democrats like jerry nadler do not have the right to force testimony from former white house counsel don mcghan. reporter: this is a decision both house democrats and those close to the president have been waiting to learn for months. many months of federal appeal courts in a 2-1 ruling saying don mcghan does not have to testify before the house judiciary committee. the mueller investigation is history and don mcghan hasn't been white house counsel since 208. the court is sending the case back to a lower court with instructions to dismiss it. judge griffith wrote article 3 of the constitution forbids federal courts from resolving this interbranch dispute. we agree and dismiss this case. this means a federal appeals court ruled that the constitutio

i have been in contact with the banking committee about a set of economic warnings that are out there, and i will give you a copy of the letter i wrote and i want to give you a part of it. it is based on december letter that i wrote, based on a coastal property values crash that come from another source but in particular freddie mac, a credible source, and of a carbon asset bubbles crash led primarily by the bank of england have been at some time. there are now over 30 sovereign central banks echoing those warnings. so between the sending of the letters, the bank of international settlements came out with a very significant warning, that these physical and transition risks associated with climate change would affect the stability of the financial sector, that they could be irremediable by ordinary methods. the impacts could be so great as to, here is their language " make quantifying financial damages impossible. " i put them again, the effects would be catastrophic and irreversible, that these climate related risks will remain un-hedgeable. as long as systemwide action is not taken,

october the association called for the creation of local committees in every county city and town to enforce the association. the association is the economic against britain. those locally elected committees become crucial in the next months because they become ineffective government of the colonies people obey what they say and people basically vote with their feet they stop obeying the colonial governments and start obeying the local committees. this is very frustrating to colonial governors. it's not just john wentworth, all the governors write letters to lord dartmouth is saying, i cannot get people to obey what i'm saying. so therefore i decided to stop trying because it would only expose the produce of the government if i did that. so the gutter articles of association are very critical of the fact that they call for the election of these committees. i might add that they explicitly said the people allowed or able to vote for the committees are already qualified voters. they do not expand loading population for electing the committees. he insisted people who are qualified to vote for the colonial assemblies would be the people who wo