And livelihoods. The white house has become a covid19 hotspot driven by the president s ongoing denial of how serious this pandemic is. Not even contracting the virus and being hospitalized seems to have shaken him back to reality. In normal times, the senate would be focusing our attention on passing legislation to help the millions of americans suffering during this pandemic. But these are not normal times. Instead, Senate Republicans are rushing to put a nominee onto the Supreme Court to be the deciding vote to take Health Care Away from millions of people. President trump has been very clear about what he is doing. He has repeatedly promised to appoint Supreme Court justices who will strike down the aca. By nominating judge barrett the president is keeping his promise. In her speech at the white house , judge barrett aligned herself with her mentor, the late Justice Anthony scalia, who twice voted to strike down the aca. To help the president keep his promise a republican colleague
About 200, nasdaq down 76 and s p 500 lower right now by 24. One of the issues is some weak earnings or forecasts. Ups for example beat on Second Quarter earnings but missed on revenue. The shipping company lowered the annual revenue forecast on soft ecommerce demand and reaching a labor deal with the Teamsters Union for 300,000 employees, Trucking Company yellow also filing for chapter 11 bankruptcy after years of financial struggles, growing debt. The Company Nearly 100 years old, had received more than 700 million from the Federal Reserve in aid during the pandemic. Greg, what do you think this tells us that yellow goes bankrupt, ups today has a weak forecast and misses on revenue . Is this a macroeconomic story . I think a little bit of it is macro, certainly. Look, the economy is evolving and if you look at the last year andahalf, weve had one of the biggest Interest Rate increases that weve seen if ever, not just here in the u. S. , but globally. And when you reprice Interest Rat
College and bellwether. I have spoken with supporters of doug jones and roy moore. They are aware of the meaning that this race has taken on. We should note that charles barkley, the nba legend has campaigned with doug jones last night trying to bolster africanamerican turnout for democrats in a state that has not elected a democrat governor nor senator in decades. Steve bannon, the president ss chief strategist campaigning with roy moore. He spoke for 30 minutes of the final campaign rally. He hardly mentioned roy moore. He noted a vote was needed for roy moore to help president aump, in order to accomplish just late of goals. Within the last hour, headlines crossing the bloomberg terminal about senator rand paul who is on the fence about the president s texture from legislative agenda. Tot poses significant risk the president trying to get down tax reform if people like senator rand paul as well as soon it senator susan collins. So much being decided in the special election. Shery se
Conversation on the legislative and clinical significance of the 115th congress so far. From washington journal host were joined by a professor of government at American University and found and former director of the University Center for congressional and americans studies. We also have a member of brookings institution. Thank you. We are going to rate this current session of congress. Were coming to the end of the first year of the 115th congress. Would you rate them . Has it been a success . Guest it is good to rate a congress compared to other congresses. Lets take the first year of the Obama Administration. Andls passed within within a few weeks, stimulus package passed. Dodd frank and the Affordable Care act passed eventually. This one has had problems. The tax bill did a lot of things that are important, but one tax bill failed in repealing the Affordable Care act. 12 hey improved approved 12 district judges. That is good. But they have not done very well. They have some oversi
It is good to rate a congress compared to others. Lets take the first year of the Obama Administration. In the first two years the Affordable Care act passed eventually, this one had some problems, the pastor tax bill and theres a lot of things that are important but they failed in repealing the Affordable Care act, yes they they have not done very well, they had some oversight hearings that we have not seen those with russia, if theyre in my class, i would give them a d. Because of what they did not accomplish . The have not pass the budget or the appropriation bills. These poor kids out there that live below the poverty line that cannot get insurance and those bipartisan support for it but havent dealt with the debt one point they were very concerned about it. Molly . I largely agree, i think for me this idea of what today leave undone is really important. We can point to the tax bill and talk about judges putting Justice Gorsuch on the Supreme Court is a major achievement that has t