Transcripts For CNN CNN Newsroom With Poppy Harlow and Jim S

Transcripts For CNN CNN Newsroom With Poppy Harlow and Jim Sciutto



cash-strapped states. a lot for schools. it is broadly popular with the american people. a brand-new cnn poll shows 61% of americans support it. the bill is expected to reshape the u.s. economy in a lot of ways. president biden will tout it in his first primetime address. that is tomorrow night. let's begin with our lauren fox who joinsous capitol hill. what's the timeline for the final vote? >> we expect the debate is just about to get under way in the house of representatives. then we expect a vote right around the noon hour today. of course, this is the last stop for this $1.9 trillion coronavirus relief bill before it gets signed into law by the president of the united states. now biden had made this a huge campaign push. now 50 days into his first 100 days, he is going to be able to finally sign this bill into law. we expect, of course, the white house and democrats are going to be constantly reminding americans of what is inside this package. and you touched on a few of those items. an expansion of the child tax credit. $1400 checks to individuals making $75,000 or less. of course, more money for vaccine distribution. more money to get kids back to school. more money for small businesses. all of that included in this massive package we expect to be passed out of the house of representatives in just a couple of hours. jim and poppy? >> president biden is planning to hit the road to build more support on the heels of this big legislative win for his administration. >> cnn's jeremy diamond joins us now live from the white house. jeremy, i wonder where he's planning to go, what his plans are. talk as well of a news conference. is that right? >> yeah, that's right, jim. and so much of this is going to begin, in fact, as soon as the president signs this into law. tomorrow evening, the president is set to deliver this primetime address which is going to focus on the coronavirus pandemic one year since the world health organization declared this officially a pandemic. the president not only looking backwards at all of the sacrifices that americans have had to endure over the last year but also looking forward. part of looking forward will be touting this $1.9 trillion piece of legislation which the president is expected to frame as part of the way that america gets back to some sense of normalcy. and then after that, you will see the president hopping on air force one more and more over the coming weeks heading to different parts of the country to try and highlight some of the direct impact that this piece of legislation is going to deliver. whether that's helping schools open more quickly, getting vaccination centers up and running with the billions of dollars in funding for that vaccine distribution effort. and as you mentioned, the president is also expected this month to hold his first news conference. we should note that he has waited longer than any other president in the last 100 years to hold his first news conference but nonetheless expected to do so. now this effort to sell this bill comes even though it is already pretty popular. 61% of americans telling cnn in a new poll that they do indeed support this $1.9 trillion piece of legislation. and when you look down at some of the individual components of the legislation, many of those even more popular among both democrats and republicans. you look at larger tax credits. those expanded child credits for example. money for return to classrooms. stimulus checks. support for local governments. perhaps the one where you see the most partisan split there. the president has work to do on his own approval ratings, though, in this new cnn poll. his approval rating stands right now at 51%. 41% disapproving. that is higher than any point in donald trump's presidency but it is lower than other recent presidents, president obama, bush and clinton where they stood at this point in their presidency. and one last note to make here is that so much of this effort to sell this coronavirus relief bill that we will see over the coming weeks is informed by what didn't happen in 2009. president biden himself has talked about the fact that he felt that president obama didn't do enough to travel around the country and sell that 2009 stimulus bill. that will be something that the president will be mindful of over the coming weeks as he looks to sell that not only in anticipation of the 2022 midterms but also keep in mind so many provisions in here whether it's health care subsidies or some other provisions in this bill like the expanded child credit, they expire in a year. so the president will look to drum up support to get those extended through an act of congress and hopefully to get some republican support to do so as well. jim, poppy? >> jeremy, before you go, a source tells cnn the white house is planning to purchase another 100 million johnson & johnson vaccine doses. is that right? >> that's right. a white house official telling me this morning that the president will announce during this meeting that he's hosting at the white house this afternoon with executives from johnson & johnson and merck that pharmaceutical company that's helping johnson & johnson manufacture its vaccine. he will announce he's directing the department of health and human services to purchase an additional 100 million doses of that vaccine. many of the details of how quickly those doses will arrive will need to be worked out with johnson & johnson. it is not expected to speed up that timeline to get enough vaccine doses for every american adult by the end of may. but it will be to anticipate more things down the line. like, for example, vaccinations for children or potentially even boosters for some of these coronavirus variants that we're seeing crop up. jim, poppy. >> the supply of the johnson & johnson one has been sluggish to this point. we'll see if it accelerates. jeremy diamond, thanks very much. once this bill lands on the president's desk and he signs it, when will that money land in bank accounts? >> christine romans is with us. are we talking days? >> well, for those stimulus checks, potentially days here. some timing here for these three critical benefits that many americans are going to feel right away for some americans, many thousands of dollars in their bank accounts. those checks, those $1400 checks. we've had two rounds of these already. so presumably if they can get this signed quickly, it will be a matter of days or a couple of weeks before those checks hit bank accounts. remember there's a couple of changes here. adult dependents now qualify. if you have an elderly parent or college age kid living at home with you you'll get $1400 for that person. there will be 6 million or 7 million who got checks last timing who won't who are on the higher end of the income span. the child tax credit, this will be tricky. the treasury department has to figure out how to get the money out every month to working families instead of just returned in their tax refund. so we'll look to see how the treasury department will be able to sort out the mechanics of that as the law requires. and then these jobless benefits, guys, the clock is ticking here. 11 million people, their benefits start to expire this weekend. needs to move quickly here. some states have already started working through how they're going to do an extension here. they're waiting to see what the language is to see if there's substantial differences in the language of this particular part of the relief. also the first 10,200 of these checks, these jobless benefits are going to be tax free. i'm not sure what that means if you've already filed for 2020 or 2019. so there's going to be a little bit of a tax juggle here for some folks who already filed trying to get the best of their benefits. let's bring in a member of the president's economic team. jerod bernstein. good morning and thanks for being with us. >> always a pleasure. >> it's a big day, and i don't think anyone questions if this package is going to help a lot of people, it is. what even some of your democratic colleagues are questioning, though, democratic economists, is, is it too big? did it need to be this big? and you know there are two big concerns. one, inflationary spike if we have a quick recovery. and, two, their second concern is, do we overheat? and i'm not just talking about larry summers. i'm talking about olivia blanch afterward, jason fuhrman. i guess my question to you is, is your assessment here, jerod, this is the right size and not too big and you don't have those risks, that this is actually going to be a slow exit from this pandemic in terms of recovery? >> certainly that's my broad view. i think to drill down a bit in a way that's responsive to the very important question you ask, there is always risks of downsides and unintended consequences. the risk of overheating in terms of price pressures is considerably smaller than the risks of doing too little to finally put this crisis behind us and set american families and businesses up for a lasting and durable expansion that hasn't been able to occur because of the virus. to safely reopen schools. to get the kinds of benefits out that you were just reviewing. in terms of inflationary pressures, you have to think of what i'm calling the three ss. spend out, savings and slack. the spend out of the plan is slower than some of the overheating folks think. that's not the case with the checks and unemployment insurance. they get right out the door. some of the other parts of the plan, spend out more slowly, putting less pressure on prices. some of the benefits will be initially saved to help people offset some of the debt they're accumulating around rent and mortgage forbearance. and the third is there's still a lot of slack in this economy. black unemployment rates are almost 10%. that's absolutely unacceptable. >> 100% it's unacceptable. it sounds like you're not concerned that you'll have all this quick money sloshing around the economy, potentially raising prices and risking another recession. you're not worried at all about that? >> let me push back very hard on that because when you're a white house economist, there's absolutely nothing you're not concerned at all about. we -- i literally obsess on inflation statistics, including looking at the ones that came out this morning which show core prices, which is the most important gauge, year over year, 1.3%. that's backward looking. you have to look at inflation expectations. they remain well anchor chd is the way the federal reserve said people expect inflation to stay in the kind of range that it's been. that's very helpful for actually keeping it there. but let me tell you, it's not that there is no risk of down side problems. it's that we've balanced the risk and the bigger risk is not doing enough. >> we've just never been in a pandemic-driven recession. so you acknowledge the risk. we'll have to see how this plays out. there is this important undercovered concern that actually comes from your fellow progressive democrat, and that's congresswoman katie porter from california, that the child tax credit is not applied equally to married couples and single parents. let me give you an example. if you are a family with three kids between 6 and 16, you make $90,000 a year. a married couple would get a $9,000 tax credit for their children in a year. a single parent with as many kids would get $8200. okay. and it's increased to $3,000 differential if talking about $150,000 income. here's what she told erin burnett last night. >> we need to give the same child tax benefit to each household regardless of the parent's marriage status. and that's something that simply, i think, until i raised the issue, a lot of people hadn't thought about. >> is the biden administration concerned that single parents are not being treated equally here on a child tax credit? even with equal number of children? >> certainly any equitable concerns like that are foremost in mind for us. the child tax credit, which by the way, as you recently pointed out in the intro to this segment, is expected to reduce child poverty by more than half in one year. you've never gotten anywhere close to such a progressive result. i have a little more to say about that when we get to it. it's keyed off a family income and of the number of kids you have and of those kids -- if you have the same number of kids in the same income and those kids are the same age, the child tax credit should be the same. i need to look at that -- >> katie porter, as you know, pretty smart on this topic and she's done the math and we did the math this morning and it's not the same for those families but come back and we'll talk about that and see if there's an adjustment you might make. here's a concern about the middle class from republican congressman liz cheney. >> it's a real tragedy. we know that the result of that package is going to be middle class tax increases. we know for sure that it includes provisions that are not targeted. they're not temporary. they're not related to covid. and it didn't have to be this way. >> she's really worried that the amount you spent on this is going to result down the line in middle class tax increases. can you guarantee the biden administration is not going to raise taxes on the middle class? >> so i disagree with almost everything she said right there. and the president has been extremely firm and forthright about the following point. i've never heard him either publicly or privately say anything but the tax measures that he intends to propose do not hit families below $400,000 agi, adjusted gross income. that line in the sand is well above anybody's conception of the middle class. so -- >> so that's a guarantee? >> i -- this is the -- this is what the president has consistently said. another thing that i think -- let me just say, another thing that, since you played the clip, give me a chance to respond to it. another thing she said that's patently wrong is this idea that there are all these measures in the bill that don't apply to the crisis. i mean, in fact, if you look at the targeting of the american rescue plan, i just saw some new numbers. 35% of the benefit goes to the bottom quintile, the bottom fifth of families. if you look at the bottom half. 60% of the benefit goes to the bottom half. what part goes to the top 1% or the top 0.1%? zero. zero percent of the benefits go up there. so this is a much better targeted bill than she suggested, and the elements of it are all geared toward putting this virus behind us, launching a recovery, and meeting the needs of families and businesses and doing so quickly. >> i'm aware of that, where the money goes. you're right. the majority good to the bottom. i don't think that's what's being questioned. it's about the other things in there republicans are saying are not directly covid related. >> so give me an example. >> we only have a minute. i'm happy to have you back. we'll talk about those examples. but i do need to ask you this final question because it's very important. there's this new independent report that i'm sure you've seen. came out this week. it found that china's alleged actions in the region have violated every provision of the genocide. i'm talking about the uighur population there. the biden administration has said beijing has committed crimes against humanity. they've committed genocide. the state department on monday said china must be met with serious consequences. of course, the chinese government denies all of these allegations. but i wonder, will the biden administration further sanction china given the ongoing genocide being carried out there? >> look, i'm sorry to disappoint you but i'm not going to go out of my economics lane on this. you mentioned the state department? there are so many stakeholders within our administration on that issue starting with the president himself who has been a consistent and loud critic of china or anyone else human rights violation. but in terms of policy in that area? it would just be very inappropriate for me to lead into that without many more consultations with my colleagues. >> okay. jared, we welcome anyone from the state doepartment on to tal about that. thanks for talking about the american rescue plan. it's a big day for you guys and for the country on this front. come back soon. >> will do. dr. fauci tells cnn this morning the cdc guidance on what people can do that are fully vaccinated outside of their home will come imminently. what should you expect? also we're learning that meghan, the duchess of sussex filed a formal complaint against british news anchor piers morgan. this follows his claims about her and prince harry. plus, the fbi released new security camera footage and new clues about the suspect who placed pipe bombs outside the headquarters of the rnc and dnc on the eve of the january 6th insurrection. stay with us. we'll have more. touch after touch bacteria in your home never stops. that's why microban 24 doesn't just sanitize and stop. it keeps killing bacteria for 24 hours. spray on hard surfaces to kill 99.9% of viruses and bacteria initially including the covid-19 virus. once dry microban forms a shield that keeps killing bacteria for 24 hours. touch after touch. don't just sanitize. keep killing bacteria for 24 hours with microban 24 we now find that 85% of individual investors are interested in sustainable investing. among millennials, the interest is even stronger. ♪ one of the big trends in sustainable investing is data, and the ability to understand how sustainable your investments are. by taking that information into account, investors can make better decisions for the long term. sustainability is not about one number. it's about variables like water usage, data privacy, consumer trust, diversity, land use and conservation. all types of investors are now considering this in their investment decisions. this is not niche. one in four dollars globally is following some form of sustainable investing. with sustainable investing at this scale, there's power to change the markets and have an impact on the issues investors care about most. i am courtney thompson and we are morgan stanley. as of this morning, people all across the state of texas are no longer under a statewide mask mandate, not to mention all businesses can reopen 100% fully without masks. >> cnn's dan simon is in houston this morning. dan, i wonder how people are responding to this. are they keeping their masks on, but also businesses. many businesses have chosen to keep asking folks to leave their masks on when they come in. >> well, hey, jim and poppy. so the bottom line is texas is fully opened, at least symbolically. what greg abbott did by issuing this order is telling people, texas is fully open and we're open for business and signaling that to the world. but in reality, the effect is much more muted, right? you have businesses telling people we still want you to wear the mask and then you have several cities like austin and dallas, houston, san antonio, el paso. they're still requiring people to wear masks on city property. austin going a step further saying that we want people to wear the mask in public, period, although it's not clear how that's going to be enforced. and listen to how one restaurant owner here in houston is defending the continuing use of the mask. take a look. >> all my employees support my decision. these are guys in front of a 450 degrees grill with a mask on, eight, nine, ten hours a day. these are the people that understand what's happening because they don't want to go and expose their families as well. >> so that's a pretty common sentiment. in fact, i tried to find a restaurant here in houston that says you can come in without a mask. i simply could not find one. so right now this does appear to be symbolic and once again, we talked abou

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