And the couple of months. Togetherr euro coming to make the short term inflation outlook for the euro look a worse. Alix even though the words she said we might have heard before there is debate developing for the ecb. Are they going to be reactive or preemptive . That really hinging on inflation targets. Maybe we will get more on that over the next couple of days. In the markets, a fierce rally in europe, the u. S. , a lot of money pouring into tech. The nasdaq 100 futures are being shorted by the most since 2006. Pop. E seeing a last week it was about the stronger dollar and now you need to sell the dollar top. Yields go nowhere, oil goes nowhere. Now ofraho joining us ubs. What the ecb says, what the fed says in stark contrast to stimulus. In the u. S. , there is giveandtake on either side. What happens if we do negative stimulus deal . Jason the fed is going to be reactionary. We are fairly optimistic about the economy. Howell said he was on the optimistic side poweel said he is on
The speaker members of congress, i have the high privilege and distinct honor of presenting to you his excellency Mohammad Ashraf ghani president of the Islamic Republic of afghanistan. President ghani in the name of god the merciful and compassionate Speaker Boehner Vice President biden, Senate Majority leader mcconnell, House Majority leader Mccarthy House minority leader ms. Pelosi, Senate Minority leader, ladies and gentlemen of the congress, please allow me to thank you for your gracious invitation to address this unique forum of deliberative democracy. Above all else id like to begin by thanking the people of the United States whose generous support for my country has been such immense value in advancing the cause of freedom. More than one million brave americans have served in afghanistan. They have come to know our snowcapped mountains, our valleys our windswept deserts, our parched fields our rivers and our plains of waving wheat, but more important, knowing our gentlemenograp
Your honor, in this area the court has said that assumptions like that cannot be the basis of the way district lines are drawn because time is running out, there is in your presentation youre saying we are attack the statewide plan. We are not picking one district or the other. And you have been attacked on that point. The attack is that claims have to be district by district they cant be statewide. So i would like your answer to that question. There hasnt been a claim as far as i know that was statewide. Your honor, our claim is that the exact same policy was applied in every black majority district which is we will use racial data to repopulate as close as we can possibly do it to the exact same black percentage. Thats a policy applied in all 36 districts. And how are your clients hurt by that . It seems to me you have to come up with a client in one of the other districts that would have been as you put it more competitive had this packing not occurred. Your honor i assume thats the
The white house from the outside is that its actually a very normal life upstairs on those two floors in the white house residence. First ladies probably and i know i did lie on the couch and read a book and in my case my cat would always curl up next to me. Up next ahead of the Congressional Budget Office on the deficit. The Economic Outlook and how the labor market is being affected by the Health Care Law. Douglas elmendorf was before that House Budget Committee for two and a half hours. [inaudible conversations] see the hearing come to order. I love everybody and welcome. I first want to thank director on the door for joining us again. We appreciate your taking time to meet with us today and we know this baseline was a little late because congress was a little late so im glad we got time to get to this. You have put together a very informative report. It does a great job of laying out the challenges we face. Mine main takeaways this. We still have a lot of work to do. This year we a
A percent of gdp during that time. They are hire in each of those years than they are today, is the rights because thats right, congressman. And their higher, are they not do, in each of those years than it will be as a percent of economy 10 years from . Yes, thats right. My calculation is that the average amount of revenue as a percent of gdp when the last balance the budget was 19 of gdp. During those four years the average amount of revenue was 90 of gdp. Now, you have just testified that the main reason that were going to see an increase in the deficit in the out years is because we have tens of millions more americans on programs like Social Security and medicare, right . Yes. Our republican colleagues position is that we can somehow deal with that huge increase in the number of americans on Social Security and medicare with less revenue as a percent of gdp in lebanon last balanced the budget in 19982001 women had a lot fewer americans. On Social Security and medicare. That is the