Let's get to uh President Let's let Jim think about that for a while. And uh let's talk about President Trump's massive tax and spending cuts. Bill, of course, set up for a final passage vote.Overnight, Republicans did clear a procedural hurdle. The legislation is now advancing this after a group of GOP holdouts. Well, they changed their minds.They voted in favor. House Minority Leader Hakee Jeff uh has been at the podium for quite some time speaking uh out against the bill. He's at around the 4hour mark no ...

Meanwhile, Democratic governors in red states like Kentucky and Kansas have been warning of the consequences if Republican lawmakers in Congress do pass this massive budget bill, as they are expected to do a short time from now. Those leaders say it would take health care and food assistance away from Americans who need it most. The bill cuts Medicaid, as we've been telling you, by $930 billion.It also cuts another $285 billion in food assistance. The Congressional Budget Office estimates nearly 12 million ...

off in the equity trade. Back to you. >> All right, Steve, let's bring you in here.What's your outlook in terms of the impact on July September, which was pretty much a foregone conclusion. >> I think this is a very mixed report, Melissa. I, I, I have to point out, I don't even know if President Trump is going to like this report.Why 73,000 of the job gains were government. Now it was minus eight on the federal side, plus 40 on the state side. I think it was plus 20 or 30 on the local side.So what you have ...

report. Joining us right now is Roger Ferguson, former vice uh Fed vice chair as well as a CNBC contributor. Good morning to you.Uh before we get into it, just your reaction to the jobs number. Do you put this in a good category. We had Steve Leeman who found a couple of holes in it.What's your what's your thought. Uh look, overall a very good category. The unemployment rate coming down always very helpful.You know, the job creation number after the ADP surprise uh yesterday very welcomed. I'm not sure I ag ...

The shattered glass has been swept up, but you can see the bullet holes in a poster that lines the bus shelter at 7th and M Street's Northwest, just outside one of the entrances to the Mount Vernon Square Metro Station. The intersection erupted in gunfire Monday night as two men got out of a car and began shooting toward a group of people. Someone returned fire.The street was busy on a warm summer night. Security camera video from a business three blocks up the street shows a woman running inside for help. ...

The most important principle to keep in mind when thinking about large government debts and deficits such as those that we have and that are coming is when countries have too much debt, lowering interest rates and devaluing the currency that the debt is denominated in is the preferred path government policy makers are likely to take. So it pays to bet on that happening. That means betting on a weaker currency and uh lower real interest rates are the best path.And the reason governments uh prefer to take tha ...

I think we're seeing a US economy that is deteriorating. I think of it as different sickly canaries that are appearing in the coal mine. They're not dead yet necessarily, but they're showing signs of real illness and we're likely to see more, I think, as the year progresses.First of all, consumer confidence has taken a hit. What we're seeing also is just signs of reduced consumption. We're seeing a pickup in continuing jobless claims.Uh we're at the highest level since November of 2021. So, all this says to ...

What on earth do you do with this one this morning. You know, Jonathan, I haven't heard you say it yet, but, you know, this is a great example of where the first reaction is, not necessarily the last reaction. I think we've got to rewrite these headlines, everybody.This is about the private payrolls and private payrolls. Disappointed to the downside. Mike, Mickey just talked about the upside surprise.It's government and that may be surprising. Federal government was down. That's not surprising. That's doege ...

Chairman of the Democratic National Committee, Ken Martin. Mr. . Chairman, good morning.Uh, your reaction to the news that it looks inevitable at this point that this bill will pass. Well, it's shameful. And and look, here's the deal.These cowardly Republicans who refuse to meet with their constituents, who clearly don't have a spine, has put their feelalty to Donald Trump and his billionaire friends ahead of the constituents that they were elected to serve. As we know, this is the most unpopular bill in ov ...

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