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FBC The Claman Countdown July 12, 2024

Do you think its important that congress extend the relief of extra Unemployment Benefits . I think we try to keep our comments on fiscal policy at a high level. Ill come to your specific question but i would just say this. This is the biggest economic shock in the u. S. And in the world, really, in living memory. We went from the lowest level of unemployment in 50 years to the highest level in close to 90 years and we did it in two months. Extraordinary. And appropriately, the response from fiscal authorities has been large, forceful and very quick by the standards of these things. Roughly 3 trillion congress has authorized and thats benefiting households, laid off workers, small, medium and large businesses, hospitals, state and local governments. 14 of gdp, its in a class by itself in terms of both the size and speed of it. Its also pretty innovative. Both the ppp and the
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CNBC Closing Bell July 12, 2024

I know youre loathe to lay into fiscal policy but given forecast for Unemployment Rates, do you think its important that congress extend the extra unemployment benefits. I think were trying to keep our comments on fiscal policy at a high level ill come to your specific question let me just say this, this is the biggest economic shock in the u. S. And in the world really in living memory we went from the lowest level of unemployment in 50 years to the highest level in close to 90 years and we did it in two months extraordinary. Appropriately the response there fiscal authorities has been large, forceful, and very quick by the standards of these things roughly 3 trillion congress has authorized, and thats benefiting households, laid off workers, small and medium businesses, hospitals, state and local governments, 14 of gdp, its in a class by itself in terms of both the size and the speed of it. Its also pretty innovative. Both th ....

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CSPAN2 Federal Reserve Chair Powell Holds News Conference On Monetary Policy July 12, 2024

Order to support Economic Growth following the coronavirus pandemic. This News Conference runs an hour. Good afternoon everyone. Thank you for joining us. Our country continues to face a difficult and challenging time as a pandemic is causing tremendous hardship in the United States and around the world. People have lost loved ones and many millions have lost their jobs and there is great uncertainty about the future. At the Federal Reserve we are strongly committed to using our tools to do whatever we can and for as long as it takes to provide some relief instability to ensure the recovery will be a strong as possible and to limit lasting damage to the economy. The most important response to the crisis has come from a healthcare workers and on behalf of the
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CSPAN2 Tonight From Washington December 6, 2012

Going to be joining us in just a second. First, welcome, all the people out in live stream land. Well be taking your questions on hash tag politico breakfast. Tweet us, welcome to the others watching. Appreciative to the bank of america for making these conversations possible. We had a Great Partnership this year, including conventions, election night, and so were very, very excited to be ail to bring these substantive conversations about the most important issues driving washington to you, thanks to the bank of america. Thank you, john, and thank you to your colleagues. You may have gotten cards. Well be bringing you into the conversation, think about what youre going to ask. Without further adieu, well bring in bob woodward. Mr. Woodward . [applause] thank you. Saving seats with my notes. Ill pick those up. Which is your chair . You get the daddy chair. Okay, thank you, thank you. So the price of politics, which has become a ....

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CSPAN Public Affairs December 5, 2012

Has seen Discretionary Spending drop three years in a row. Never before in my lifetime have we seen such a thing. I credit this body with being a driving force in that because we were elected by the American People who want to see their fiscal bucks put back in order, but we succeeded on the discretionary side. Discretionary turns out to be the easier nut to crack because that money doesnt go out the door unless this u. S. House of representatives acts. That distinguishes it, mr. Speaker, from mandatory spending. Thats the third set of columns on my chart. Mandatory spending, as i said, 2 3 of our budget, 68. 3 to be precise, and of all the sequestration cuts, 63. 8 of the budget is only going to bear 14. 4 of the pain. The back story there, mr. Speaker, is thats the only 14. 4 of the pain. As i said Discret ....

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