He was questioned by House Budget Committee members related to Economic Growth and Government Spending. This is just over two hours. The hearing will come to order. Welcome on the congressional hearing on the offices budget and outlook. I want to thank everyone for being here this morning. Were holding this hearing today to discuss the congressional budget offices economic out look which gives us a look at our spending, National Debt and how the economy is going to perform over the next decade. It forms the cornerstone of the work we do here at the House Budget Committee and i want that thank for their hard work and would also like to welcome director hall. I do appreciate you taking the time to testify today and look forward to your insight as we discuss this report. The discussion we will have today is a serious one because as cbo indicate we face economic challenges. Deficits are beginning to rise and Economic Growth continues to be sub par. Legacies of the last Administration Polic
Months. Haidi the u. S. Rebukes plans for north korea following the weekend show of force. China urging coma on both sides. The lira jumping as president erdogan claims sweeping new powers, the biggest changes in turkey. Dump in ans data hour, looking at First Quarter growth, 6. 8 . Lets bring up this chart, 6839 showing the potential for further gdp growth looking ahead, the blue line indicating that target the government put andlace, anticipating 6. 5 2019, a six. 8 handle, but the data dump continues and we have industrial output, retail sales, and fixed Asset Investment, all of that out in 60 minutes. Not exactly the most surprising of indicators. We were expecting that 6. 8 for a Second Quarter, but the question is whether it is sustainable, and also at what cost good we had credit numbers showing momentum in terms of money supply, shadow banking still running hot and china, so we dig deeper into that within the next two hours. We are 30 minutes away from the open in china, that s
Lets get to berkeley for several were transported to area hospitals and a dozen ended out ended up behind bars. Lee martinez questioned police on how the handled and prepared for a second meeting of two violent protests. Reporter witnesses and participants in the protest tells us that they dont believe the police intervened as much as they should have, either to prevent fights or projectiles being thrown. However, Berkeley Police say they did confiscate quite a few weapons of people entering into the park year. And even one of their own officers was exposed to pepper spray from being inside of the crowd. Same park, same clashing demonstration. Berkeley police say they changed some police tactics. The same way we handle something last time is not the same way we handle it this time. Reporter this time, Berkeley Police tried to separate access inside of the park. Fencing meant to protect supper the protesters did not stop them from reaching each other. One girl jumped on my back and pepp
Will attempt to win backtoback championships tonight against the Cleveland Cavaliers without draymon green, who was suspended for tonights contest. Emily i am emily chang, and this is bloomberg west. In to itsadds linked professional network. Plus, our conversation with Satya Nadella and jeff weiner. Apples blueprint for the next generation. The tech giant putting its new commitment to software on display at the developers conference. We will update you on upgrades. Strength in numbers. After spending a ton of money competing with each other and facing the same legal biggestes, the two daily Fantasy Sports companies could be teaming up. Apple kicks off its Worldwide Developers conference with a slew of updates, including a smarter siri, apple pay, a redesign of its most troubled services, and upgrades to photos and messaging. The annual event is meant to woo developers to create software for apple products, something that is ever more important as the Company Transitions away from a de
Railroad workers, and Energy Employees have also walked out because of other disputes, including new labor reforms. In set africa in south africa, Oscar Pistorius faces up to 15 years in prison for the 2013 shooting death of his girlfriend. The judge who originally convicted him of manslaughter has been ordered by south Africas Supreme Court to sentence him to murder instead. Hearings of the case began today. The Golden State Warriors will attempt to win backtoback championships tonight, but they will have to do it against the Cleveland Cavaliers without forward draymond green. After review of an incident with lebron james, he was suspended for tonights contest. Bloomberg west is next. Emily i am emily chang, and this is bloomberg west. Microsoft adds linkedin to its professional network. Plus, our conversation with Satya Nadella and jeff weiner. Apples blueprint for the next generation. The tech giant putting its new commitment to software on display at the developers conference. We w