former bloomberg columnist mohamed el-erian is with us, along with jason furman. lazear and alan krueger will weigh in on many aspects of the job market, including the minimum wage debate. moment, bruce ratner on the real economy. first coming here is a look at our top stories. we are less than 30 minutes away from the october jobs data. it is expected to show the labor market is on its pays for its best performance since 1999. employers probably added 239,000 jobs last month. the unemployment rate is expected to stay at 5.9%. three days after the election changed the political landscape, president obama is meeting with congressional leaders. republicans say they want to work with the president but john boehner says the president is asking for trouble if you changes immigration without congressional approval. have made clear to the president if he acts unilaterally on his own, outside of his authority, he will poison the well and there will be no chance for immigration reform moving in this congress. he also says he expects the house to vote again to repeal obamac

with that i turn over the clicker. >> we are hoping jason furman will join us. is jason here yet?his way, okay. i guess we can have questions until jason arrives. over there. just state your name because c-span is -- there is. the question is, where is it? who has the mike? we can't hear you. here it comes. >> yeah, for each question identify the organization. >> hello. i'm luke, i'm a humble tax reporter with tax analyst. >> a humble tax reporter, is that what you inside. >> there's three of us. anyway, i preface it that way because i'm not an expert about social security. but my understanding is that su surpluses of the program for a given year. invest in a trust fund. those tend to have a low yield. i know obviously the bush administration there was a plan to privatize social security and that was pretty controversial but was that something you covered in your survey or asked respondents about? it would seem to me having a slightly more normal economic return on funds would make the program solvent, right? >> elisa? >> the options are endless 37 any one of the options we tested

you're going to be talking to the president's council of economic advisers chair, jason furman and in a separate interview this hour, we have john barrasso from wyoming as well. a lot of things to talk about here, kelly, in terms of economic policy, political direction, where we go as we head into the new year in 2015 and we begin the new congress where the republicans will be very much in control of both houses. that's exactly right. the language is already heated, bill, as greg put it, going to be something for everyone to hate in what the president's doing on immigration. all hell will break loose.. again, after the bell, when we are going to speak with more heavy hitters, s.e.c. chair mary jo white on a big day a big week for them. the s.e.c. moving forward with some regulations on the equity markets, but a lot more to talk about we will also hear from top ranking house democrat, chris van who will., always outspoken and controversial michele bachmann on the gop side and can't forget about the big, huge issue of regulating the internet. former fcc chair, reed hundt will be here. >

with that i turn over the clicker. [ applause ] >> we are hoping jason furman will join us. is jason here yet? on his way, okay. i guess we can have questions until jason arrives. over there. just state your name because c-span is -- there is. the question is, where is it? who has the mic? we can't hear you. here it comes. >> yeah, for each question identify the organization. >> hello. i'm luke, i'm a humble tax reporter with tax analyst. >> a humble tax reporter, is that what you said? >> there's three of us. anyway, i preface it that way because i'm not an expert about social security. but my understanding is that surpluses of the program for a given year invest in a trust fund, those tend to have a low yield. i know obviously the bush administration there was a plan to privatize social security and that was pretty controversial but was that something you covered in your survey or asked respondents about? it would seem to me having a slightly more normal economic return on funds would make the program solvent, right? >> elisa? >> there are certainly more policy options tha

then we're thrilled jason furman, who chairs the counsel of economic advisers and also a member of the national academy of social insurance is going to join us to comment on the study and address some of the issues the study raises. then we'll have an outstanding panel on hand this morning to provide their perspective and also answer any questions you might have in the course of the presentation. so, let me introduce elisa walker to you. elisa is an income policy analyst with the academy. and she's part of a generation -- i was talking to her earlier, generation "y" doesn't seem to be the label you like millennial generation. my daughter clearly does not want to be called generation "y," prefers not to be compared to other generations like "x." the boomers, forget it. there's no need to be compared to us. and she's really the voice's generation. as you'll hear, the survey found some disturbing opinions on the part of that generation when they were asked, will social security be there for you? however, the more facts people are given, the more they understand that social security's futu

former bloomberg columnist mohamed el-erian is with us, along with jason furman.ll weigh in on many aspects of the job market, including the minimum wage debate. moment, bruce ratner on the real economy. first coming here is a look at our top stories. we are less than 30 minutes away from the october jobs data. it is expected to show the labor market is on its pays for its best performance since 1999. employers probably added 239,000 jobs last month. the unemployment rate is expected to stay at 5.9%. three days after the election changed the political

with that i turn over the clicker. [ applause ] >> we are hoping jason furman will join us. is jason here yet? on his way, okay. i guess we can have questions until jason arrives. over there. just state your name because c-span is -- there is. the question is, where is it? who has the mic? we can't hear you. here it comes. >> yeah, for each question identify the organization. >> hello. identify yourself and your position. >> i'm a humble tax reporter and analyst. there three of us. i'm not an expert about social security, but my understanding is that surpluses of the program for a given year invest in a trust fund and treasury bonds. they have a low yield. there was a plan to privatize social security. it would seem to me that having a slightly more normal it's endless. for example, raisings and eliminating the tax cap. we had to pick and choose which to include. especially in the trade off, we collected only 12 of what is commonly proposed for social security. so we did not test the options that would invest the money differently. that would be a great question to ask. >> ye

i want you to listen to what jason furman had to say yesterday on this topic of the president's move of immigration and some believe will keep wages down. i asked the chairman of the council of economic advisers. take a listen. >> is it probable in the near term to depress wages on the low end of the labor market? >> no, i don't believe this would happen. we did a massive experiment on this. it increased the labor force by 7% in miami with low-skilled workers. economists didn't find an adverse effect on wages of workers there. if anything, they went up as the new people helped the economy complimented the work. >> mark, do you agree with that view if anything this would be a net positive for wages or will it at least near term put downside pressure on that part of the labor market? >> no. i think he is exactly right. most of the executive action that was taken last night by the president centers around helping to promote the immigration of more skilled highly educated workers and they're going to be entrepreneurs, innovators by risk takers from their country to our country and more j

. >> white house economic advisers chair jason furman is concerned about economic inequality and the growth rate. he spoke at the annual meeting. the group is a global trade association consisting of institutions from around the world. this is about a half hour. >> no one in this room has more respect for this gentlemen than do i. wie worked kroo says from each other on several campaigns. we won more than i did. the quality of the work took a quantum leap and run circles around us. i am going to get it. i got you here today and we are going to talk about given all the doom and gloom that dominated the conversation the last couple of days, it looks good. we will start with the positive. you have energy prices that are attractive and the fiscal outlook is better. we had a government shut down and there so many positive things about the u.s. we will give you two minutes to take a minute and talk about what's going on good in the united states. >> a year ago i was on stage and we had our government shut down that was not the best time to be talking about it, but part of why we have seen

with that i turn over the clicker. [ applause ] >> we are hoping jason furman will join us. is jason here yet? on his way, okay. i guess we can have questions until jason arrives. over there. just state your name because c-span is -- there is. the question is, where is it? who has the mic?