House on how this is playing out. Hi, john. Good afternoon. So congress is done for the weekend. Theyre not going to be back until monday, which guarantees this will be the longest shut down in this countrys history. The president Still Holding off on the idea making an Emergency Declaration and using money already appropriated and salted all over the federal government to begin construction of his border barrier. Heres what he said in a roundtable with state, local and Community Leaders a short time ago. This is too simple, too basic. Congress should do it. If at some point they cant do it, this is a 15minute meeting. If they cant do it, i will declare a National Emergency. I have the absolute right to do it. It says as clear as you can. President trump said yesterday and he said again today the Republican Party is unified on all of this. Hes never seen the party so unified. Hes actually said that before, too, on other issues. Theyre beginning to be the earliest signs of cracks in the
The chamber, they still control, republicans had enough support to move forward. So they set their schedule thursday afternoon will be the day that they move forward with the president s proposal to reopen the government and a democratic proposal to reopen the government. The one that will go first, the one that was just introduced by Mitch Mcconnell is the one that trades border wall money for temporary protections for Daca Recipients brought to the country illegally as little kids. To reject this proposal, democrats would have to prioritize political combat with the president ahead of federal workers. Ahead of Daca Recipients. Ahead of border security. And ahead of stable and predictable government funding. They need 60 votes in the senate for that. They need it to pass the democraticcontrolled house. The speaker of the house, nancy pelosi, told us today, no new negotiations until after President Trump opens back up the government. The house plans to just keep passing their own shutd
Plants in southeast michigan are limiting operations or shutting down completely today because theres not enough natural gas to go around. Michigans governor issuing an appeal directly to residents to reduce their energy consumption, too. Turn our thermostats down to 65 degrees or less from now until friday at noon. Neil snow falls on icy roads. This truck driver swerving to avoid a multivehicles accident on a high tway in michigan. I just got caught in a giant wreck. Holy [bleep]. Theres people hurt. I have to let you go. Banged up. Were told that everybody will be okay. Meanwhile in detroit, more than two dozen water mains freezing up as the mercury plummeted to 13 degrees below zero. In new york city, temperatures were in the low single digits. This is bryant park and a giant foul tin that looks like an ice sculpture. Jacqui heinrich has more and Rick Reichmuth on when we can see relief. Hi, jacqui. Hi there. Its 16 degrees out here with the windchill, feels like negative 2. The key
already, you know, the fed suggesting that maybe we ll only get one rate cut this year. i think if it doesn t happen at all, and again the shift the equity values down a little farther and push those bond prices even lower so that we get higher yields. so, i think that that will be a bit of a shift, a bit of a disappointment and definitely there will be some volatility as people digest this, but again, i think the risk of reinflation, the second wave, is very high, and investors aren t taking it as seriously as they should because we are in that late stage of an economic cycle with good, strong gdp, low employment and we re already seeing those signs of increasing inflation, particularly on the commodities side. so, i think it s something that people should really be aware of and be ready to protect their investments from. neil: you know, katherine, we re seeing in mortgage rats popped back over 7% again, that s very low for someone my
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