emily wilkins, thank you. >>> turning to cryptocurrency.ince the public debut of nearly half a dozen spot bitcoin dletfs one week is nothing to write home about, but the enthusiasm appears to show no signs of easing since the debut coinshares saysthe $870 million has flowed into the space. joining me now is ophelia schneider. ophelia, good morning. i'll spare you any shakespearean reference. great to have you here. >> good morning. thank you. >> give me a sense we see the flows we will show the chart in a minute when you talk about people investing in your fund or other funds, what questions are you getting? >> it has been interesting the questions are somewhat different than i originally expected you are seeing a lot of people be highly interested in infrastructure in a way i didn't expect which is great. really digging into the guts of how the products work. i think there is a miss mi misconception these products are alike. we are early in the process. for advisors and lplatforms, the are figuring out which products they are offering to t

to keep the federal government funded and get the deal finalized to avoid a potential shutdown emily wilkinsod morning. >> reporter: good morning, frank. speaker mike johnson does not want another short-term spending bill to keep the government funded, but he wants a shutdown less with four days left to go before part of the current funding lapses for the government, johnson announced over the weekend the agreement to kick the can further down the road buying congress more time. it would fund the government until march 1st and the other part until march 8th that will allow lawmakers time to spend the $1.6 trillion funding and divide it up between programs and agencies. johnson told the house republicans that the delay is required to complete what house republicans are working hard to achieve. an end to governance by omnibus. it is not clear which policy wins johnson will push for in the overall spending bill. anything that can't get the support of some democrats has no chance of getting to president biden's desk johnson is under pressure from the hardline members of the conference to secure

we have emily wilkins with more. what is the status of the legislation? >> good morning, frank.he status of the legislation has had movement on it previously. the hearing is meant to keep building momentum. we will see social media companies facing questions from senators on what they are doing to keep kids safe online. this is going to include the heads of meta and tiktok and x and snap and discord. they will be at a hearing tomorrow on whether they are doing enough to protect youngest users. companies are facing a number of lawsuits for making the platforms addictive to kids and harassment and images. as pressure has built for companies to take more responsibility for protecting teens, you have seen meta add features in the past year to make sites safer for those under 16. at this point, senators are not impressed after meta announced the legislation to put the responsibility on app stores. the group's efforts were beyond the pale and the company's proposal puts the safety on parents without making the necessary changes to toxic black box the al gogorithms. this was the one th

emily wilkins has the latest on the budget talks on capitol hill. >> good morning, frank.is point, things are not looking that good. one of the key reasons for that waning optimism is congress has still yet to get the top line spending amount. congressional leaders thought they had agreement earlier this year, but hard line conservatives have concerns about reopening the debate of the spending levels and federal debt. tennessee republican chuck fleischman said every day without that top line number brings them closer to a shutdown. they are not quite out of time yet to come to the january 19th deadline. >> one west get the top line number and the numbers, it is not impossible to get a deal done. if we could get a top line number within a day or two, i think it is possible that we could put something together. >> about 20% of government funding will lapse on january 19th. that includes bills cover the department of agriculture and energy and veterans affairs and transportation and military construction and fda and housing and urban development. the longer a shutdown goes on

our emily wilkins joins us now with much more and the message mike johnson is sending to the white house with that trump to the border. emily, good morning. >> good morning, frank. the senate and white house are hashings out this bipartisan deal in washington. speaker mike johnson is in texas, leading the group of more than 60 republicans to the southern border trying to send that message to biden, reaching some sort of deal on border security, and immigration is key to get enough republicans to support and pass an aid package which includes billions in funding for ukraine, israel, the indo-pacific region. president biden initially requested more than $13 billion in funding for the border as part of the package, but republicans made clear they're only going to accept policy changes. they returned to d.c. to hash out details before congress returns next week. speaker johnson hasn't been in the room for negotiations, but he's been making it clear what he wants to see. he's called on president biden to implement broader changes including policy to release migrants without a court date, rest

we have emily wilkins with more. >> reporter: good morning, frank. congressional leaders struck a deal yesterday on how much the federal government will spend for the current fiscal year. this is a huge step forward toward avoiding a partial government shutdown less than two weeks away. that top line number is $1.66 trillion. it reflects the agreement that congress and white house reached last june over the debt limit and the handshake deal with president biden and then speaker mccarthy. current speaker johnson was able to negotiate cuts of allocated funding. this includes $6 billion of covid funding they will clawback and $10 billion in cuts for the irs. chuck schumer and hakeem jeffries said the agreement clears the way for congress to act over the next few weeks to maintain important funding priorities for the american people and avoid a government shutdown. senate republican leader mitch mcconnell was encouraged on the agreement. he called on congress to act quickly. not everyone is a fan of the deal. it is facing pushback from hard line conserva

emily wilkins washington for us.ting up our next conversation as a shutdown looms, and the debt continues to bloom, and next guest says that the longer term problem is that our two political parties are so far apart in seemingly unwilling to fix the problem. let's bring in air incline, senior fellow with a left leaning, i'm obligated to say, brookings institution. aaron, good to see you there. >> good afternoon. >> i'm glad you're with us. >> let me try to untangle this a little bit. emily talked about this being, we don't get an agreement on top line for spinning for next year, but as i understand, it this is really spinning for this year. we're talking about fiscal 24, right? >> yeah, no. the government runs on october one basis, and congress has kicked the can down the road so far that we're talking about january 19th or february 1st for the funding levels for this fiscal year, which basically runs through the september. so it is about the amount of money that is going to be spent into the economy this year and ab

for that we'll turn to our emily wilkins. good morning, emily. >> hey, carl how are you doing today? lawmakers have just released a $78 billion tax deal that includes major tax breaks that businesses have been lobbying for for years. this proposal is going to allow full expensing for research and development, bonus depreciation on qualified property and full expensing for business property. if these sound familiar, all these provisions were part of the 2017 tax law but expired in last law businesses have been pushing to bring them back since. this bipartisan package would also expand the current child tax credit, although not to the level it was at during the pandemic the bipartisan is a result of negotiations between jason smith and democratic senate finance chair ron wyden. in a statement today both of them urged this as a bipartisan measure that's able to pass. both said it would be good for families as well as good for businesses, main street businesses they both emphasized the importance of having these tax breaks in plac

emily wilkins has the latest. emily? >> reporter: hi, tyler.gress has kicked the can down the road yet again. they bought themselves some time. another six weeks or so. part of the government is now going to lapse in funding on march 1st, and the other part on march 8th. in between that time, what lawmakers really need to do is the house and senate need to come together. they have their different spending bills and they'll have to reconcile how much they're going to spend throughout hundreds of agencies, thousands of programs. they've got -- remember that topline number, that 1.6 trillion. but now they have to get into the nitty gritty of how to spend it. remember, too, around april, if they miss that march deadline and try to take it forward again, lawmakers put a little incentive for themselves to get this done last year. that's a 1% cut across the board in federal funding. so if congress continues to kick the can down the road, that's going to mean lots of cuts for the federal government, particularly for the defense industry and defense con

emily wilkins brings us those details. emily?reporter: as we speak, speaker mike johnson and openai sam altman are meeting together. sam has been a constant presence on capitol hill,and he told me today right before the meeting, i just caught up with him for a minute. he said he's here to answer some questions that johnson and other lawmakers might have. the big topic is election s inte integrity. the elections are coming, and there has been a lot of concerns for lawmakers as far as what role ai might play in spreading misinformation or disinformation. i asked if there was any specific bill he was hoping that congress would pass? he said he didn't have one in mind. he and johnson have a relationship that goes back a bit. remember when altman was here last may. he met with lawmakers at a din they are johnson hosted in his capacity as vice chair for the republican conference. so johnson's bid on ai has been something that is a priority for him. you haven't seen too much in his speakership because there's so much else to get done. f

emily wilkins is in washington with the deal and likely hood of passage. emily? >> yeah.d over the weekend after leaders struck a deal yesterday. the overall spending number for the current fiscal year. it's $1.6 trillion and reflections the agreement that congress and the white house reached last year over the debt limit and the side deal to increase non-defense spending and speaker mike johnson was able to have cuts of previously allocated funding and an additional $10 billion in cuts for the irs this year bringing total cuts for the agency to 20 billion, but while johnson got democrats to agree to the cuts, it is not enough for hard line conservatives in his party. the house freedom caucus called the bill a, quote, total failure for not doing more to reduce spending, johnson acknowledged that the plan would likely not satisfy everyone, but vowed to fight to attack additional conservative priorities to the bill. johnson didn't specify which priorities he pushed for, but measures house republicans passed would fail in a democratic controlled senate and that would make an

emily wilkins is in d.c. with the details. is it just that they think here, emily, that finally, they see the debt and the deficit as a problem? >> i think there's really a lot of factors that go into here at play. i mean, one of the big things is a lot of the stuff that drives the data and that deficit, two thirds of federal spending, it's not the stuff congress has to worry about approving every year. right, now we are just watching the senate floor live. they have passed the 60 vote threshold needed for them to pass that stopgap measure that will fund part of the government until march 1st, and part of it until march 8th. then, we are expecting that piece of legislation to go to the house this afternoon. they're going to vote on it. so, it looks, like at this, point a shutdown will be averted. at least, for a couple of months. but all of this hand wringing really only deals with about one third of the federal government spends. that's another two third was a subject of a house panel today that has come up with a proposed com

emily wilkins. >>> coming up, new fund raising numbers in the gop presidential race details straight ahead. >>> as we head to break, here is a look at yesterday's s&p 500 winners and losers >> announcer: executive edge is sponsored by at&t business next level moments need the next level network. ylee's rea hi! this listing sounds incredible. let's check it out. says here it gets plenty of light. and this must be the ocean view? of aruba? huh. this listing is misleading. well, when at&t says we give businesses get our best deal, on the iphone 15 pro made with titanium. we mean it. amazing. all my agents want it. says here...“inviting pool”. come on over! too inviting. only at&t gives businesses our best deals on any iphone. get iphone 15 pro on us. (♪♪) (fisher investments) at fisher investments we may get iphone 15 pro on us. look like other money managers, but we're different. (other money manager) how so? (fisher investments) we're a fiduciary, obligated to act in our client'' best interest. (fisher investments) so we don't sell any commission-based products. (other money manager)

let's get to emily wilkins with more on the agenda >> reporter: calhoun just walked into senator marknia where boeing is headquartered but also set to meet with the head of the panel that oversees aviation, including commerce and tomorrow expected to meet with the top republican on the panel ted cruz this is to pre-emptively deliver a message that boeing has confidence in the planes, they don't put unsafe planes in the sky. but remember the senate has an oversight function here. we heard from senator moran who's part of the panel who said there could be potentially investigations, potentially be legislation. so it seems like part of calhoun's reason for being here is to talk with senators get a sense of the lay of the land, deliver his message and get a sense of what is coming next in terms of of an investigation i did ask him about reports today, that it was boeing rather than their supplier who put that panel on the plane incorrectly and his response immediately was just to say there's already an agency looking into that and left it at that. so for all his talk of transparency, cert

we have emily wilkins with more. >> reporter: businesses have been lobbying congress to bring back three congressional lawmakers, republicans and democrats, say they are close to a deal. these provisions expand what companies could deduct from various things. research and development costs and property costs and interest tax breaks. if this goes into the effect with the 2017 tax law, but now it expired. now the lawmakers are racing against the clock to bring them back. the senate finance chair said he wanted this done by january 29th, the start of tax season. in the house, republican ron estes, says working on this issue in 202 and he is beginning to see clear progress. >> the process now is coming to a head in terms of the negotiations back and forth and trying to look at how you craft something that helps make the economy grow and helps provide more money back into pockets of american citizens. >> reporter: lawmakers have to figure out a number of details. the deal is expected to cost $70 billion with half goes to the business taxes and half to the enhanced tax credits for kids. who is

here to talk it through is julia boorstin and emily wilkins. julia, what are you expecting?> i think we're going to hear from a lot of these companies, if not all of them -- that they are really working to address this issue and that the fact that there is this see sam or child sexual abuse material on their platforms is not what they want. but the question is whether they can take the intent to solve the issue and translate it into removing this content from their platforms. i think we'll hear from several ceos they're advocating for legislation. zuckerberg is going to talk about age verification and parental approval when teens down load apps. and evan spiegel is going to endorse this kids online safety act, which would require tech firms to provide more parental controls. this is a piece of legislation that has drawn some concern for potentially being an issue when it comes to privacy. and so, there's been some concern from the aclu and others that this would potentially lead to censorship. so interesting positions on which will will emerge from the forefront. i do expect

emily wilkins joins us with the latest. emily? >> reporter: hey, robert. that's right.f more than 60 republicans to the southern border near eagle pass, texas. happening as a group of senate negotiators returned early to d.c. trying to hash out a bipartisan plan to try to get to some sort of deal on border security and immigration. remember, that is key to getting enough republican support to pass a wider spending package, include billions for ukraine, israel, for the indo pacific region. biden requested more than $13 billion for the border but the republicans made it clear only accepting policy changing in return to support for ukraine funding. though mike johnson hasn't been the main player in talks he's making it clear what he wants to see from any sort of agreement. he called on biden to use his executive order powers to implement broader changes that include ending a policy that allows immigrants to be released without a court date, restricts parole and wants to see biden work with mexico and canada for, to take those seeking asylum in the u.s. johnson is also deal

emily wilkins joins us now with more on that. emily, the thought this was very good news. >> yeah, becky. we are not out of the woods yet, but there is optimism in d.c. today. a major deeg congress member hs to get over and we learned leaders agreed how much they're going to spend in the current fiscal year. lawmakers are going to be spending $ 1.66 trillion overall. mike johnson able to negotiate several cuts of previously allocated funding. about $60 billion in covid emergency funding and cuts to the irs this year. $6 billion. senate's chuck schumer and hakeem jefferies said in the house clearing the way for congress to act to maintain important funding priorities for the american people, and avoid a government shutdown. and the senate's republican le le leader mitch mcconnell was happy with this. all congress leaders happy with this, but the deal is already facing pushback from hard-line conserve nirchs in the house. saying it doesn't do enough to cut spending. chances of a partial shutdown january 20th decreased now that we have an overall number. congress still has wo

emily wilkins joins us now as congress gets set to return to washington on monday.m many days to get this together. >> it really does not. and the main thing that is missing right now is exactly how much they're going to spend. that needs to be figured out before the details can get there. house speaker mike johnson, chuck schumer, they have been negotiating, they're continuing to negotiate on the overall amount to spend for the federal government for the remaining 2024 fiscal year. right now the house and senate, they're about $120 billion a part in the spending bills that each chamber have come up with. tennessee republican chuck fleischmann, one of the top government appropriators, said both sides will need to come closer together to ultimately get to an agreement. >> house republicans are in the position right now of saying, we are at the base line lower level and that's where they're holding. do i think that number will go up? if we get a budget deal, i think it has to. does it go up to the senate levels? absolutely not? to the white house levels? absolutely no

emily wilkins joins us now with how lawmakers agreed on the deal. y, right? >> steve, there is nothing that lawmakers love more than making sure recess is protected. the weekend is protected and friday is protected. that definitely did contribute to getting over the line. you know, now we avoided a shutdown, the big question here is whether congress is actually going to finally pass the government funding for 2024 rather than continuing under last year's funding as they have again done. the new deadlines are march 1st and 8th. they could just continue last year's funding at current levels, but if they do, it will trigger the 1% cut across the government. it is a scenario created by lawmakers least year to incentivize them to get the 2024 spending bills passed. the 1% would khurt defense contractors. they still have a way to go before the spending bills. house and senate agreed on the $1.62 trillion, but they need to agree on each agency and the thousands of federal programs are going to receive. remember, these spending bills that congress has been f

leadership project, i would like to thank federalist society staff, emily and sam as well as ftc staff sarah miller and elizabeth wilkins for their assistance for today's event. i would like to wish everyone in the audience who is in the military or served in the military a happy veterans day. [applause] and lastly on patriotic note attendees must sign in and out once per day using qr code found in your program. the federalist society has been home for robust thought leadership on most important competition policy issue facing the nation from consumer welfare standard to the proper role of administrative agencies in the free market economy. we have array of webinars and we welcome those interested in antitrust policy including law students and young lawyers to contact me for more information. with that, i would like to welcome alina katz, thank you. [applause] >> thanks so much, i'm alina kats, director of freedom of thought project. why are we here? two thoughts. first it's become useful i think to model good faith discussion, todd and lina khan might disagree on some things and they do not fear disagreement but embrac