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Educe the national debt. As always, well take your calls and you can join the conversation on facebook and twitter as well. Washington journal is next. Host good morning. It is 7 00 eastern time here in washington. The start of a holiday week. Congress returning in two weeks. President trump spending christmas with his family in florida. It is monday, december 23. We begin our first hour with Foreign Policy. The leaders of china, south korea and japan meeting today in beijing it. Comes as the pentagon and u. S. Officials are on, quote, high alert, after new threats over the weekend by north korea. In the past President Trump has said that he and president kim jong un fell in love. But since that comment back in february, talks have broken down. We want to get your reaction to these developments in north korea, what it means for the u. S. And for the region. 2027488001, thats ....
Think it makes him weaker. If you are still not sure, 202 7488002. We will also read your Text Messages at 202 7488003. Tell us your first name and where you are texting from. We are on facebook at facebook. Com cspan. Happy sunday, happy christmas week, a lot to talk about in the next three hours. I want to talk about some breaking news from north korea. Trump careening towards a christmas crisis with north korea. Here are some of the details. President trump is pulling out all the stops to convince north korea to return to nuclear talks, delaying married till your delaying military exercises and sending a top envoy to the region to reassure jittery allies. Democrats are calling on the president to stick to diplomacy and even strive for a limited interim agreement while lawmakers in both parties want the white house to be more transparent about what it knows about north Koreas Nu ....
The trump presidency. The numbers are likely to have more longterm impact than impeachment. A Discretionary Spending bill, and this years debt exceeding 1 trillion. Guest crazy. That editorial is exactly right. You have a bipartisan agreement on the hill, and it is not a new one, where they are allowing the government to grow out of control. And it has a lot of federal spending that is driven by Social Security and medicare, and you have the baby boom generation retiring, increasing the amount of money spent on those. Social security passed more than 1 trillion last year. That is spent by the department of health and human services. In addition, you have massive and bothnary spending, parties in congress are doing absolutely nothing to try and roll that back. Host in the number we have been referring to, courtesy of debt clock, the nations debt, 23 trillion. How much ....
Know so so going into that but the Federal Reserve has already cut rates twice this year and it looks like people are expecting for them to cut rates once again in their meeting next week and then again in december when they meet again so people are looking at these expectation of federal the feds cutting their rates 2 more times just this year and thats the most that its happened in decades actually you know unemployment has traditionally been a lagging indicator so president boasting about what a strong labor market this is thats not really saying much at all so meanwhile on the trade front with President Trump theyre set to meet with china next thursday for their 13th on trade talks is there any improvement in their relations well the u. S. Merchandise trade deficit narrowed from july to august according to this new report released today by the u. S. Department of commer ....
Apple. Be that as it may, the s p is falling for the fifth straight day. Again it is on track for its biggest loss since going back to december. The 10year note, which is a good barometer how people are feeling, if you are nervous, park your money in notes and bonds, people are doing that, these are the lowest yields in the better part of three years. Were keeping an eye on that, keeping an eye on other things were waiting for. President might comment on that or all the above. He wants to up the trade ante. The latest besides affecting tariffs virtually on everything we get with china, he is talking increasingly now it starts at 10 with the remaining goods. It could go up still further. As stuart was pointing out. A lot of other goods and services were talking aabout could easily ratchet and move in different directions. Well keep an eye on that. Also keep an eye on what has been happening on the Precious Metals front. Gold, for ....