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Jan 21, 2023
01/23
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joining me, white house economic council chairman and harvard economist jason furman. you for joining us. >> great to be with you. carleton: we start on a tough note, recession worries dominated the conversation on main street and corporate earnings calls. how likely is it the us economy could pool off that soft landing people are hoping for? >> we could have a soft landing, but could translate into a one in 6 chance. with the labor market as hot as it is, wage growth as high as it is, even with a lot of things breaking the right way, it will be hard to get inflation all the way down for recession. carleton: when we talk about likelihood of recession, people are scarred by what happened in 2008-2009. how severe will the coming recession be? >> when i say there is a one sixth chance of a soft landing, that does not mean the chance of a recession. we might avoid a recession but have continued overheating, where the on employment rates days on the low side, inflation on the high side and that is a distinct possibility. if it is a recession, the best guess is that would be
joining me, white house economic council chairman and harvard economist jason furman. you for joining us. >> great to be with you. carleton: we start on a tough note, recession worries dominated the conversation on main street and corporate earnings calls. how likely is it the us economy could pool off that soft landing people are hoping for? >> we could have a soft landing, but could translate into a one in 6 chance. with the labor market as hot as it is, wage growth as high as it...
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Jan 25, 2023
01/23
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ahhhhhh ahhhhhh ahhhhhh alix: federal reserve brainard is a contender to lead the white house's national economic council hordern joins us from d.c. what is your take? annmarie: there has been a number of individuals likely leaving the white house. this is pretty much normal in the administration, and we knew that the chief of staff would exit, as well as the national economic council director brian dietz. talks are ongoing, but barinard has come up as a topic -- brainard has come up as a top contender. other names are like jean sperling, who held that job and past administrations. but, at the moment, it seems like lael brainard is on the top of the shortlist. interesting, the next question will be, so she takes this job, who becomes the number two at the fed and what shortlist i were looking at their, and who do you think they can get confirmed for the senate? guy: this creates an interesting situation. it makes the fed feel more political. am i reading this wrong? annmarie: i don't think so but lael brainard is respected as an economist on both sides of the aisle, but to think she is not political befo
ahhhhhh ahhhhhh ahhhhhh alix: federal reserve brainard is a contender to lead the white house's national economic council hordern joins us from d.c. what is your take? annmarie: there has been a number of individuals likely leaving the white house. this is pretty much normal in the administration, and we knew that the chief of staff would exit, as well as the national economic council director brian dietz. talks are ongoing, but barinard has come up as a topic -- brainard has come up as a top...
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Jan 19, 2023
01/23
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joining us to talk about this is the director of the white house economic council brian deese.or being here. the main question everyone has is basically what happens now. >> thanks for having me. look, this is about economic stability versus economic chaos. if you step back two years ago, two years ago this week that president biden -- president-elect biden at the time spoke to the nation and outlined a strategy. since then we've made extraordinary progress in recovering from the pandemic. the most jobs created in a two-year period ever, the lowest unemployment rate in 50 years, inflation coming down, wages going up. businesses want to invest in the united states, build clean energy, we need to keep the progress going. the good news is because of what congress did last year, we can make a lot of this progress this year on encouraging this investment in america, encouraging this transition to more stable growth but we have to not get in our own way, not put this at risk and jeopardize this by putting the full faith and credit of the united states at risk. what needs to happen is
joining us to talk about this is the director of the white house economic council brian deese.or being here. the main question everyone has is basically what happens now. >> thanks for having me. look, this is about economic stability versus economic chaos. if you step back two years ago, two years ago this week that president biden -- president-elect biden at the time spoke to the nation and outlined a strategy. since then we've made extraordinary progress in recovering from the...
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Jan 26, 2023
01/23
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bloomberg sources say the fed vice chair is a top contender to become head of the white house economic national council are told she is one of the several candidates be considered and that president biden has yet to make a final decision on replacing brian deese who has not sent a firm date for his departure. the council's next head will advise biden as the economy flirts with recession and as they battle over raising the federal debt limit. the bank of canada has raised interest rates for an eight consecutive time to the highest in 15 years. in a statement, policy makers say they now expect to hold the rate at his current level. -- at the current level. they say it is too early to be talking about rate cuts despite swaps trading pricing and a reduction as soon as october. europe's largest tech company expects u.s. that export control measures against china to eventually push beijing to develop its own advantage chipmaking machines. the ceo says export control will create levels of disruption that will affect efficiency and elevation. global news, 24 hours a day on air and on quicktake, powered by more
bloomberg sources say the fed vice chair is a top contender to become head of the white house economic national council are told she is one of the several candidates be considered and that president biden has yet to make a final decision on replacing brian deese who has not sent a firm date for his departure. the council's next head will advise biden as the economy flirts with recession and as they battle over raising the federal debt limit. the bank of canada has raised interest rates for an...
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Jan 25, 2023
01/23
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vice chair of the federal reserve is the top contender to be the next head of the white house national economic councilhas not yet made a final decision. global news, 24 hours a day, on-air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm mark this is bloomberg. ♪ ♪ jon: welcome to bloomberg markets. kriti: we are seeing red on the screen but perhaps the selling pressure has abated a little bit with the s&p 500 only down 0.4%. it was at session lows at 1% earlier. 344 on the 10 year yield. we have gone to a 6-7% trading range. that brings me to the dollar. after you see the yields move, the dollar potentially moving in sync with the canadian exchange rate stronger by about 0.2% off the heels of that bank of canada decision we will dive into in a moment and brent crude has an 86 handle. a little bit of a risk reversal when it comes to the commodity market. jon: lots of earnings stories this week and we will dive deeper into technology later. in canada, we had a soft outlook from cn rail. in the u.s., some muslim -- similar messaging from norf
vice chair of the federal reserve is the top contender to be the next head of the white house national economic councilhas not yet made a final decision. global news, 24 hours a day, on-air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm mark this is bloomberg. ♪ ♪ jon: welcome to bloomberg markets. kriti: we are seeing red on the screen but perhaps the selling pressure has abated a little bit with the s&p 500 only down...
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Jan 19, 2023
01/23
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we shouldn't be. >> director of the white house national economic council brian deese. a negotiating table? >> look, the president is not going to negotiate around the full faith and credit of the united states, and for a lot of the reasons stephanie outlined. this is not about new spending, not about new initiatives. this is about the united states meeting its bedrock commitments as country and as a nation. and the united states commitment that we honor our obligations is the bedrock of stability in our economy and frankly stability in the global economy as well. it's not a conversation we should even be having because even the prospect you would put the full faith and credit of the united states government on the negotiating table could do real damage to our economy. we've seen this in past instances. we don't want to do that as well. look, we're making an extraordinary amount of economic progress right now. we saw unemployment claims come out this morning, lowest in decades. the unemployment rate is the low nest 50 years. the number of people with health insurance is
we shouldn't be. >> director of the white house national economic council brian deese. a negotiating table? >> look, the president is not going to negotiate around the full faith and credit of the united states, and for a lot of the reasons stephanie outlined. this is not about new spending, not about new initiatives. this is about the united states meeting its bedrock commitments as country and as a nation. and the united states commitment that we honor our obligations is the...
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Jan 31, 2023
01/23
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house republicans that want to spend more within the means of the u.s. government go find some democrats in the senate, go find some people in the white house council, council on economic some sort of plan that everybody can get behind instead of these public showdowns, you know? >> yeah. well, no doubt about it. and they do become public because they're so critical that we have success. i mean, default on the u.s. debt would be an enormous consequence. that would be something that everyone is aware of. so, by that factor, kind of driven to the public, but there are negotiations like this taking place. there are the kind of conversations that you suggested. now, i got to tell you, some of them are between just little old guys like me, you know, just congressman from utah. those are helpful, but it has to be among our leaders. it has to be between the speaker and the president. those two are the keys to making this thing and bringing it to a conclusion. >> before you go, sir, i want to ask you about the legislation banning kids under the age of 13 from using social media platforms. you cite this growing evidence of the link between kids using those apps and the negative
house republicans that want to spend more within the means of the u.s. government go find some democrats in the senate, go find some people in the white house council, council on economic some sort of plan that everybody can get behind instead of these public showdowns, you know? >> yeah. well, no doubt about it. and they do become public because they're so critical that we have success. i mean, default on the u.s. debt would be an enormous consequence. that would be something that...
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Jan 13, 2023
01/23
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there's also the decade when we was washington working first for janet yellen in the white house council of economicdvisors and then for summers in the u.s. treasury. so between 1998 and 2000 there is a peak of the asian financial crisis that then became global for emerging markets across the board. on the policy work eventually i wrote the book about financial and emerging markets. but then there's also sometimes were slowly is the beginning of an financial crisis also in advance economies. the.com bubble and then the bus. the collapse in the contagion to russia. we are worried about russia and clothing at bedtimes the geopolitical consequence of that. there are other crisis in advance economies the peak of the global financial crisis. over time i realized it's going to be just currency and financial matters because politics, geopolitics, technology, climate change pandemics and other social things affect economics. and of course economic development lead to political geopolitical consequence. consult my definition to broaden my interest. more frequent and more vigilant economic and financialbu mov
there's also the decade when we was washington working first for janet yellen in the white house council of economicdvisors and then for summers in the u.s. treasury. so between 1998 and 2000 there is a peak of the asian financial crisis that then became global for emerging markets across the board. on the policy work eventually i wrote the book about financial and emerging markets. but then there's also sometimes were slowly is the beginning of an financial crisis also in advance economies....
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Jan 9, 2023
01/23
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and the white house council of economic advisers pointed out last year, this is what they pointed out, they said a default would send shock waves through global financial markets and likely cause credit markets worldwide to freeze up and stock markets to plunge. employers around the world would likely have to begin laying off workers. a financial crisis driven by a default, they said, has the potential to be even worse than the 2008 crash, in addition to hitting a global economy not fully recovered from the pandemic. also last, year the chief economist at -- warned a default could lead to 6 million job losses and at the wiping out of up to 15 trillion dollars in household wealth. so, how did kevin mccarthy get the speakership? by promising his rebels, promising people like pro coup far-right congressman scott perry and that he would only agree to a debt ceiling increase later this year in return for massive spending cuts. essentially, the getting of social security and medicaid. that was what we learned republicans agreed on this week. >> is it possible that someone -- might be good f
and the white house council of economic advisers pointed out last year, this is what they pointed out, they said a default would send shock waves through global financial markets and likely cause credit markets worldwide to freeze up and stock markets to plunge. employers around the world would likely have to begin laying off workers. a financial crisis driven by a default, they said, has the potential to be even worse than the 2008 crash, in addition to hitting a global economy not fully...
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Jan 14, 2023
01/23
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jared bernstein is a member of the white house council of economic advisers. coming up, we have an important story in the pennsylvania state legislature you need to know gout about because republicans are once again pulling some shenanigans there. the republican leader or joanna mcclinton joins us next. n joins us next. ♪wow, uh-huh♪ now she's got a whole team to help her get the most out of her plan. ♪wow, uh-huh♪ with coverage that's better than ever for dental... ...vision... ...prescription drugs and more. advantage: me! can't wait 'til i turn 65! aarp medicare advantage plans, only from unitedhealthcare. take advantage now at uhc.com/medicare okay everyone, our mission is complete balanced nutrition. together we support immune function. supply fuel for immune cells and sustain tissue health. ensure with twenty-five vitamins and minerals, and ensure complete with thirty grams of protein. bye, bye cough. later chest congestion. hello 12 hours of relief. 12 hours!! not coughing? hashtag still not coughing?! mucinex dm gives you 12 hours of relief from chest
jared bernstein is a member of the white house council of economic advisers. coming up, we have an important story in the pennsylvania state legislature you need to know gout about because republicans are once again pulling some shenanigans there. the republican leader or joanna mcclinton joins us next. n joins us next. ♪wow, uh-huh♪ now she's got a whole team to help her get the most out of her plan. ♪wow, uh-huh♪ with coverage that's better than ever for dental... ...vision......
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Jan 19, 2023
01/23
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CNNW
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. >>> we're joined now by the chair of the white house council of economic advisers. thank you so much for being here. this is about debt that has been racked up. this is our credit card, our national credit card that must be paid. so when you hear lawmakers like congressman andy biggs this week tweet, we cannot raise the debt ceiling. democrats have carelessly spent our taxpayer money and devalued our currency. they have made their beds, so they must lie in it. what's your response to that? >> well, look. thank you for having me. president biden understands intimately the importance of responsible legislating. it's why the inflation reduction act was paid for. it's why in his tenure, we have reduced the deficit by historic $1.7 trillion. that is the highest on record. he understands that we have to be paying our bills. it's why he's proposed making our tax code fairer, ensuring that the treasury department and the irs have the sources they need to crack down on tax sheets. this is a different thing. this is about congress making good on paying for the legislation and
. >>> we're joined now by the chair of the white house council of economic advisers. thank you so much for being here. this is about debt that has been racked up. this is our credit card, our national credit card that must be paid. so when you hear lawmakers like congressman andy biggs this week tweet, we cannot raise the debt ceiling. democrats have carelessly spent our taxpayer money and devalued our currency. they have made their beds, so they must lie in it. what's your response to...
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Jan 12, 2023
01/23
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CSPAN2
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decade when then i spent two years in washington working first for janet yellen in the white house council of economicadvisers and then for larry summers at the u.s. treasury pixel between 1998-2000 there was a peak of the asian financial crisis that became then global for emerging markets across the board, and i wrote about it. i did policy work and eventually the book about financial crisis, emerging markets. but then the also times were slowly slow itbe was beginning f having financial crisis also in advanced economies. you had the dot com bubble and inn the bust. we had when i was in the white house theap collapse of in the contagion to russia and we worried about russia imploding at the time, or pakistan imploding. it was a nuclear state. there were other crises in advanced economies, the peak of it being the global financial i realize over time you cannot be just an expert of economic monetary currency of financial matters because politics, geopolitics, law, technology, climate change, health, pandemics and other social things affect economics and, of course, economic development lead to politic
decade when then i spent two years in washington working first for janet yellen in the white house council of economicadvisers and then for larry summers at the u.s. treasury pixel between 1998-2000 there was a peak of the asian financial crisis that became then global for emerging markets across the board, and i wrote about it. i did policy work and eventually the book about financial crisis, emerging markets. but then the also times were slowly slow itbe was beginning f having financial...
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Jan 14, 2023
01/23
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jared bernstein is a member of the white house council of economic advisers. coming, up an important story and the pennsylvania state legislature the need to know about because republicans are once again pulling some shenanigans there. joel mcclinton joins us next. joins us next (cheering) love a bit of sand. expedia tracks the price of your flight, and lets you know when it's best to book. so you can go see more of all the world's sand. sometimes, the lows of bipolar depression feel darkest before dawn. with caplyta, there's a chance to let the light shine through. and light tomorrow, with the hope from today. this is a chance to let in the lyte. caplyta is a once-daily pill that is proven to deliver significant relief across bipolar depression. unlike some medicines that only treat bipolar i, caplyta treats both bipolar i and bipolar ii depression. and in clinical trials, movement disorders and weight gain were not common. call your doctor about sudden mood changes, behaviors, or suicidal thoughts. antidepressants may increase these risks in young adults. el
jared bernstein is a member of the white house council of economic advisers. coming, up an important story and the pennsylvania state legislature the need to know about because republicans are once again pulling some shenanigans there. joel mcclinton joins us next. joins us next (cheering) love a bit of sand. expedia tracks the price of your flight, and lets you know when it's best to book. so you can go see more of all the world's sand. sometimes, the lows of bipolar depression feel darkest...
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Jan 25, 2023
01/23
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BLOOMBERG
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that the pfister of the federal reserve is the top contender to be the next head of the white house is economic councilsion. brian has been in charge of the council for two years and has not given a date for his archer. chuck schumer is telling republicans show us your plans. schumer and other democrats on the gop to offer proposal for raising the debt ceiling. kevin mccarthy and other republicans are demanding spending cuts in exchange for increasing the borrowing limit. posting a quarterly loss, the results underscore the workflow and it so hostile to do to return factories to full speed we capitalize on soaring demand for chair travel still boeing's cash flow was better than expected thanks to a flurry of jet deliveries. free's cash flow for this year, the missed estimates. it's another signal that high costs are hurting prospects for the wireless industry. mobile growth was better than expected with at&t adding 650,000 new subscribers. global news 24 hours a day on air and on bloomgerg quicktake. powered by more than 2700 journalists and analysts in over 120 countries. i'm lisa mateo, this is bloom
that the pfister of the federal reserve is the top contender to be the next head of the white house is economic councilsion. brian has been in charge of the council for two years and has not given a date for his archer. chuck schumer is telling republicans show us your plans. schumer and other democrats on the gop to offer proposal for raising the debt ceiling. kevin mccarthy and other republicans are demanding spending cuts in exchange for increasing the borrowing limit. posting a quarterly...
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Jan 13, 2023
01/23
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pakistan, a decade of crises and the decade when i spent 2 years in washington, in the council of white house economic advisors and the us treasury so from 1998 to 2000 there was a peak in the asian financial crisis that became global for emerging markets across the board and i wrote about it, did policy work and wrote a book about financial crises in emerging markets but there were times, the beginning of having financial crisis in advance economies but the dot.com bubble, when i was in the white house, the contagion to russia, we were worried about bedtime and geopolitical consequence of that. there was a nuclear state and other crazies in advance economies but over time i realized, an expert on economic monetary currency and financial matters because politics, geopolitics, love, technology, climate change, pandemics and other social things affect economics, and economic development leads to political, social, geopolitical consequence. by definition i had to broaden my interests and so how in addition for economic and financial movement, political and geopolitical instability, to learn about those a
pakistan, a decade of crises and the decade when i spent 2 years in washington, in the council of white house economic advisors and the us treasury so from 1998 to 2000 there was a peak in the asian financial crisis that became global for emerging markets across the board and i wrote about it, did policy work and wrote a book about financial crises in emerging markets but there were times, the beginning of having financial crisis in advance economies but the dot.com bubble, when i was in the...
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Jan 27, 2023
01/23
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. >> joining me now from the white house is brian deese, director of economic council. mr. want to ask you about this, we have this debt ceiling fight coming on. with the current speaker, kevin mccarthy, having promised the most extreme parts of his party, that he bargain on the debt ceiling to get cuts. and they seem to be eyeing cuts in social security, medicare, they want deep cuts to various necessary programs for the most indigent americans. how hard is the white house prepared to go, to stand firm to saying no to those cuts? >> first, we need to put this in context. we learned today, we've seen a lot of data that supports. that's that our economy is coming back and a strong, resilient, an equitable way. whereas the president said, actually seeing what it looks like when we have a recovery that grows from the bottom up in -- meaning, away just are going faster for people at the bottom of it. income distribution, economic growth is solid, job growth is adams story. kylie unemployment rate is at historic lows. one of the most important things when you're making progress,
. >> joining me now from the white house is brian deese, director of economic council. mr. want to ask you about this, we have this debt ceiling fight coming on. with the current speaker, kevin mccarthy, having promised the most extreme parts of his party, that he bargain on the debt ceiling to get cuts. and they seem to be eyeing cuts in social security, medicare, they want deep cuts to various necessary programs for the most indigent americans. how hard is the white house prepared to...
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Jan 2, 2023
01/23
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economic team. omb, council of economic advisors, treasury, but also the secretary of labor, secretary of commerce. my team, the nec team, is a small team in the white houseour job is to do that coordination across a range of economic policies. david: you were the deputy in the obama administration at the nec. now you're the director. which nec worked better, the obama administration one or the biden one? [laughter] brian: well, on the issues i worked on in the obama administration it worked very, very well. [laughter] the current nec works well as well. david: let's talk about your own background. i mentioned before that you grew up in the boston area. and what did your family do? were they in business, academics, politics, important things like private equity? did they do that? [laughter] brian: my father was an educator. he teaches. my mother is a civil engineer by training and worked as an environmental engineer. david: ok, so, you went to middlebury. and what did you study there? brian: i studied political science and economics with an international focus. david: after you graduated, what did you do then? brian: i came here to d.c. on a fellowship fo
economic team. omb, council of economic advisors, treasury, but also the secretary of labor, secretary of commerce. my team, the nec team, is a small team in the white houseour job is to do that coordination across a range of economic policies. david: you were the deputy in the obama administration at the nec. now you're the director. which nec worked better, the obama administration one or the biden one? [laughter] brian: well, on the issues i worked on in the obama administration it worked...
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Jan 23, 2023
01/23
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white house covid response to serve as the next chief of staff. jeff zients recently led the covid response and acting director of office of management and budget and director of the national economic councilnow, white house reporter for "the washington post," tyler pager. tyler, i know you, like me, had to work all weekend because of all this white house news. we appreciate you being with us this morning. let's -- a couple topics to hit. let's start with ron klain. tell us just how important he was for this white house which took office days after january 6 insurrection and height of the covid pandemic. >> absolutely. great to be with you this morning. you're right, he played a role in every decision the biden administration made over the past two years. i spoke with the person that wrote the book on chiefs of staff called "gate keepers." he ranked him among the best in modern history putting him on the same level as james baker and leon panetta, reagan and clinton respectively. some of their chiefs of staff. and ron klain, part of his skill as i talk to other people that worked with ron over the past few years, just the depth of experience that he brought to the job. he served as biden's
white house covid response to serve as the next chief of staff. jeff zients recently led the covid response and acting director of office of management and budget and director of the national economic councilnow, white house reporter for "the washington post," tyler pager. tyler, i know you, like me, had to work all weekend because of all this white house news. we appreciate you being with us this morning. let's -- a couple topics to hit. let's start with ron klain. tell us just how...
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Jan 26, 2023
01/23
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earnings at top wall street estimates >>> also ahead this mourn, council of economic advisers chair cecilia rouse talks to usering and the white house's news that chevron is taking that buyback, something the administration has been very critical of in the past. we start off with mike santoli kind of a broad rally, mike. >> yeah, sara. other tenacious showing by buyers today, yes, it was a reassuring gdp report that started things out, but it could have been taken the other way. we could have started to reprice and rethink what the fed was going to do. it started to feel's though the negative elements were going to start to come through. it seems like the bulls are making a further bid to perhaps win back the benefit of the doubt. nothing is determined here, but you know the line. we basically crossed abbove that down trend line. we're at about a six- or seven-week high. i think you have to overshoot it a bit to get the benefit of the doubt back, but clearly you no longer have tech really leaning on the indexes at the same time cyclical stocks really started to perform relatively well. take a look at the buyback etf alongside the s&p
earnings at top wall street estimates >>> also ahead this mourn, council of economic advisers chair cecilia rouse talks to usering and the white house's news that chevron is taking that buyback, something the administration has been very critical of in the past. we start off with mike santoli kind of a broad rally, mike. >> yeah, sara. other tenacious showing by buyers today, yes, it was a reassuring gdp report that started things out, but it could have been taken the other way....
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Jan 31, 2023
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over, same thing with congressional democrats, so much so that in a white house memo from the director of the national economic councilt to the bedrock principle that the united states will never default on its financial obligations as leader schumer, mcconnell and jeffreys have already done. the second is to get him to release that budget. mccarthy talked about how this is something that one of their most important aspects of what congress should be doing and put it on the table. they're shaming him on lack of budget and reminding him and everyone else that he is a leader of a conference that has had a chaotic first month with no ending in sight. the white house has said over and over that president biden is willing to have a conversation on the economy and separate from the debt limit. that's something that we're probably going to hear from president biden tomorrow, is that they don't want to tie the two. we don't know what time that meeting is going to happen just yet, but it is happening tomorrow. >> eugene daniels, thank you so much. the white house position is we're not negotiating on this. what is the conversat
over, same thing with congressional democrats, so much so that in a white house memo from the director of the national economic councilt to the bedrock principle that the united states will never default on its financial obligations as leader schumer, mcconnell and jeffreys have already done. the second is to get him to release that budget. mccarthy talked about how this is something that one of their most important aspects of what congress should be doing and put it on the table. they're...
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Jan 26, 2023
01/23
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i asked who was on the president's council of economic advisers what comes next because they have said the white house is not negotiating. if republicans are not moving and the white house not negotiating, how does this end. they didn't really have an answer. >> as we talk about this, there's also talk about a republican bill that would abolish the irs, would impose 30% national sales tax. the democrats, obviously, pounsed on that. here's what kevin mccarthy said when asked about it. >> do you support the fair tax? >> no. >> you can hear him say no there. he does not support this. but the fair tax, as it's described, the democrats view as real opportunity to try to pounce on the republican suggestion that a 30% sales tax would be the way to get the revenue they are looking for while not having this income tax that democrats say should be targeting the most wealthy in this country. what do you make of the messaging here by the republicans and this box that they are in? >> it's both fiscal and political insanity that they would be proposing this in the middle of this. i think the president, and i think
i asked who was on the president's council of economic advisers what comes next because they have said the white house is not negotiating. if republicans are not moving and the white house not negotiating, how does this end. they didn't really have an answer. >> as we talk about this, there's also talk about a republican bill that would abolish the irs, would impose 30% national sales tax. the democrats, obviously, pounsed on that. here's what kevin mccarthy said when asked about it....
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Jan 26, 2023
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was designed to serve in much of the way that the presidency economic council did to serve as an adviser to the president and the white house staff on environmental issues. the bill passed by a huge bipartisan vote which really was the way throughout the 1970s, the environmental legislation did pass by huge bipartisan votes. and president nixon signed on gendered first 1970. then three weeks later, when he gave his first state of the union address, he laid out a very ambitious plan for environmental protection, almost 20% of the speech was dedicated to the environment. that is a big speech. i remember when i was at the epa, around state of the union time, they put a word limit on it. hundred words that the president might say in a state of the union speech about the environment. if we got a sentence, we were thrilled. do you think that almost 20% of the speech was dedicated to the state of the union speech and to the environment. it is really something that it shows i think how the president and the white house staff are starting to think about how we need to, as he put it, he said the great question of the 70s was whether
was designed to serve in much of the way that the presidency economic council did to serve as an adviser to the president and the white house staff on environmental issues. the bill passed by a huge bipartisan vote which really was the way throughout the 1970s, the environmental legislation did pass by huge bipartisan votes. and president nixon signed on gendered first 1970. then three weeks later, when he gave his first state of the union address, he laid out a very ambitious plan for...
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Jan 27, 2023
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designed to serve in much of the way that the president's economic council did to serve as an advisory body to the president and the white house staff on environmental issues the bill passed by a huge bipartisan vote. which really was the way all throughout the 19 all throughout the 1970s environmental legislation did pass by huge bipartisan votes and president nixon signed it on january 1st 1970. and then three weeks later when he gave his first state of the union address. he laid out a very ambitious planned for environmental protection almost 20% of the speech was dedicated to the environment, which is a lot of which is a real big hunk of speech. i remember when i was at the epa we would be asked around state of the union time. to send over the i think they put a word limit on a hundred words that the president might say in the state of the union speech about the environment and if we got a sentence and if we were we were thrilled to think that almost 20% of the speech was dedicated to the environment that state of the union speech was dedicated in the in to the environment. it's really something and it shows i think how th
designed to serve in much of the way that the president's economic council did to serve as an advisory body to the president and the white house staff on environmental issues the bill passed by a huge bipartisan vote. which really was the way all throughout the 19 all throughout the 1970s environmental legislation did pass by huge bipartisan votes and president nixon signed it on january 1st 1970. and then three weeks later when he gave his first state of the union address. he laid out a very...
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Jan 28, 2023
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white house chief of staff. zients led the administration's response to the covid-19 pandemic. before that, he ran the national economic councilresident obama. he now succeeds ron klain, who's stepping down after 2 years on the job. still to come on "the newshour"... as the world marks holocaust remembrance day, why americans know so little about its history... ruth marcus and gary abernathy weigh in on the week's political headlines... and we take a look inside the acclaimed new theater production of "life of pi"... and much more. >> this is "the pbs newshour" from weta studios in washington, and in the west from the walter cronkite school of journalism at arizona state university. amna: the fda today announced plans to ease a decades-old restriction, preventing men who have sex with men from donating blood. a lifetime ban was put in place during the aids epidemic over fears of hiv transmission. the new guidelines would ask all potential donors about their recent sexual history instead of singling out queer men. any potential nors who had anal sex in the last 3 months with new or multiple partners would not be allowed to dona
white house chief of staff. zients led the administration's response to the covid-19 pandemic. before that, he ran the national economic councilresident obama. he now succeeds ron klain, who's stepping down after 2 years on the job. still to come on "the newshour"... as the world marks holocaust remembrance day, why americans know so little about its history... ruth marcus and gary abernathy weigh in on the week's political headlines... and we take a look inside the acclaimed new...
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Jan 31, 2023
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economic council. he joins us now. welcome back. let's begin with the debt ceiling debate. tomorrow, president biden will meet with us become mccarthy. the white houseclear the president will release his budget in early march. we heard president call for the speaker to do the same. in your conversations, do you have any sense of what mr. mccarthy is asking for? where do republicans want to see spending cuts? brian: this is precisely the reason the president has put emphasis on the need for speaker carthy and house republicans to release a budget, release those details, and show they have a pathway to pass a budget with 218 votes in the house. that is important to having a serious conversation about priorities. the recent data we've seen on the economy has been quite promising. solid economic growth. one of the strongest labor markets in recent history, the lowest unemployment rate in 50 years and inflation is coming down. it has fallen the last seven months, consumers have seen at the gas pump, price increases are slowing at the grocery store and we have seen it in other parts of the economy. we know what we need to do, keep focusing on reducing pri
economic council. he joins us now. welcome back. let's begin with the debt ceiling debate. tomorrow, president biden will meet with us become mccarthy. the white houseclear the president will release his budget in early march. we heard president call for the speaker to do the same. in your conversations, do you have any sense of what mr. mccarthy is asking for? where do republicans want to see spending cuts? brian: this is precisely the reason the president has put emphasis on the need for...
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Jan 18, 2023
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the white house says it will not compromise and a showdown looms, most likely coming to a head this summer. joining me now is jason furman, former chairman of president obama's council of economicceiling, what it is. we know janet yellen last friday sent a letter warning congress this coming thursday, tomorrow, was the limit for the initial hitting the debt limit on government spending where the bills have to be paid but that she could use extraordinary measures, in other words moving money around, reinvesting money, postponing some payments, so that it would really hit sometime in june or even later, possibly. give us your assessment when this crisis hits and why. >> yeah. this week is really just the starting gun of the process. these are called extraordinary measures. they have been done regularly since the 1980s. they are mildly harmful. i wish we didn't have to do them. they're not really that serious. this is really just a way to remind us that this conversation needs to start. it needs to start really quickly. it basically needs congress to do their job and to raise the debt limit. >> right now, the two sides could not be further apart. the house republicans -- the new h
the white house says it will not compromise and a showdown looms, most likely coming to a head this summer. joining me now is jason furman, former chairman of president obama's council of economicceiling, what it is. we know janet yellen last friday sent a letter warning congress this coming thursday, tomorrow, was the limit for the initial hitting the debt limit on government spending where the bills have to be paid but that she could use extraordinary measures, in other words moving money...
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Jan 22, 2023
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white house agrees to their terms. but the biden administration, isn't playing along. they say raising the debt ceiling is not negotiable. joining me now to discuss is a member of president biden's council economicelcome to you right now. i want to start with this negotiate, won't negotiate, kevin mccarthy tweeted on friday saying he except the president's invitation to come to the white house. and discuss the debt ceiling. the white house has been clear, they're not negotiating. what does it mean though, republicans aren't budging, and the white house is not gonna negotiate. where do we go from here? >> this issue so urgent and important. it's important to the economy. and the people have made, clear they're willing to sit down with anyone and willing to sit down with speaker mccarthy to have a conversation with the u.s. economy. how we're gonna make sure to grow it in a way that benefits the middle class, broadens that it makes it possible for americans to succeed. and at this time, making sure that congress does its job and passes a clean debt ceiling when it couldn't be more important to the stability. >> there's no chance that the white house is gonna change course, -- is not suggesting to
white house agrees to their terms. but the biden administration, isn't playing along. they say raising the debt ceiling is not negotiable. joining me now to discuss is a member of president biden's council economicelcome to you right now. i want to start with this negotiate, won't negotiate, kevin mccarthy tweeted on friday saying he except the president's invitation to come to the white house. and discuss the debt ceiling. the white house has been clear, they're not negotiating. what does it...
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Jan 30, 2023
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for the national economic council and for her to lead the policy for this white house and this administrations a big issue. for this individual, unsurprising when i saw this headline. totally unsurprising. there were reports several years ago about donating to the clinton campaign. we know she was the front runner to be the next treasury secretary. and anyone who thinks the fomc does not have political beasts on it are out of their mind based on where the nominations have come from. lisa: i do not think it is surprising for her to want this job and take this job and for her to be expected -- for her to be respected by a lot of people. what is surprising is the timing considering how fraught this moment is for the fed. we've not seen the unemployment rate turn upward. we start to get political interference. as we get into that time it makes things more complicated. jonathan: do think there will be allegations of political interference of the federal reserve? lisa: either there will not be political interference and they will hike rates more and people can push back and torpedo the party and th
for the national economic council and for her to lead the policy for this white house and this administrations a big issue. for this individual, unsurprising when i saw this headline. totally unsurprising. there were reports several years ago about donating to the clinton campaign. we know she was the front runner to be the next treasury secretary. and anyone who thinks the fomc does not have political beasts on it are out of their mind based on where the nominations have come from. lisa: i do...
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Jan 13, 2023
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security council while we're hosting the apec and seeking to make swift progress on the indo-pacific economic framework. prime minister kishida arrived at the white house believe my colleague laid out what came out of that 2+2 -- after consulting closely with us and regional partners in europe. and i expect the president and prime minister kishida will debrief on those consultations. again, don't want to get ahead -- we're going to have a readout for you. they're having this conversation currently. and so, once we have the readout this afternoon, we certainly will share that. >> okay. and if i can just dig a little bit deeper on ipef, karine, because we really haven't heard much about this framework since it was launched last year. so, at this point, it seems like the administration still believes that this is the best offer that the u.s. can give to counter chinese trade clout. am i understanding this correctly? sec. jean-pierre: so, let me just -- so, as you said, it was announced in tokyo just this past may. and japan was a critical partner, as you know, in helping us to build support, particularly among southeast asian countries. so that is importa
security council while we're hosting the apec and seeking to make swift progress on the indo-pacific economic framework. prime minister kishida arrived at the white house believe my colleague laid out what came out of that 2+2 -- after consulting closely with us and regional partners in europe. and i expect the president and prime minister kishida will debrief on those consultations. again, don't want to get ahead -- we're going to have a readout for you. they're having this conversation...
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Jan 12, 2023
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white house account for every action it takes that contributes to inflation. it's called the reign in inflation act. it mandates a report by the office of management and budget and the chair of the council of economicr any action estimated to cost more than $1 billion. they want an accounting of that so just as democrats want legislation to account for the environmental impact of the bill they are pushing, republicans want to do it for inflation. just think, you canceled keystone xl, why? what's the impact that that will have on the price of gasoline? student loan debt cancellation is the impact of that? so account for your spending. stuart: now this is elise stefanik proposing this , and this proposal i believe is co- authored by -- lauren: jason smith. stuart: the new chair of the powerful house ways and means committee. very powerful committee indeed and congressman smith joins me now. thanks for being on the show, sir. you say your tax plan will increase jobs and grow wages. what tax changes specifically do you propose to do that? >> stuart, it's great to be with you. we're pretty excited about the opportunity of a republican majority to help make this economy grow and become stronger. we have
white house account for every action it takes that contributes to inflation. it's called the reign in inflation act. it mandates a report by the office of management and budget and the chair of the council of economicr any action estimated to cost more than $1 billion. they want an accounting of that so just as democrats want legislation to account for the environmental impact of the bill they are pushing, republicans want to do it for inflation. just think, you canceled keystone xl, why?...
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Jan 27, 2023
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ran the national economic council, omb, among others. ron klain leaving as white houses dead. all five officers involved in his death have been fired and face a number of charges including murder. joining us from memphis, nbc news senior national correspondent tom llamas. what more can you tell us today? >> reporter: good morning. we have new information about that video. the police chief in memphis has been doing interviews this morning and says the video will be posted on youtube sometime after 7:00 p.m. eastern. the decision for that essentially, they want to make sure children and local businesses are out of the area, after-school activities are done for the day in case there are any kind of violent protests. she says when you see this video, it does not look like tyre nichols should have been pulled over for reckless driving. those are her words. all of this as we've learned at least 4 of the 5 police officers who have been charged with second-degree murder, who have been fired from the memphis police department, they have now bonded out of jail, this as the nichol
ran the national economic council, omb, among others. ron klain leaving as white houses dead. all five officers involved in his death have been fired and face a number of charges including murder. joining us from memphis, nbc news senior national correspondent tom llamas. what more can you tell us today? >> reporter: good morning. we have new information about that video. the police chief in memphis has been doing interviews this morning and says the video will be posted on youtube...