Joining us now is Betsy Stevenson, the former chief economist at the United States Labor Department and former uh member of the Council of Economic Adviserss both under President Obama. She's now a professor of public policy and economics at the University of Michigan. Betsy, great to see you.Thank you for being with us. >> It's great to be here. >> Now, look, this is I I I'm bringing in a lot of an economic big deal here to answer a question that's that every American who doesn't know economics can answer. ...

South Florida faces a growing affordability problem as housing demand outstrips supply, according to Ana-Marie Codina, whose family firm develops master-planned communities in the region https://t.co/m1Pz0pYG0I ...

The issue of affordability helped spur Donald Trump to victory last year, but also helped Democrats win big in off-year elections one month ago. The latest edition of NBC News deciders focus group produced by Syracuse University and the research firms Igacius and Sego. We heard from Trump voters who cast ballots for Democrats Mikey Cheryl and Abigail Spanberger in last month's New Jersey and Virginia gubernatorial elections.Nearly all of them say they are unhappy with how the White House is handling concern ...

So, we heard it from the president. He didn't want to hear about affordability. >> The word [music] affordability is a conj job by the Democrats.>> We heard it from the Treasury Secretary as well that these were Democratic talking points. The affordability crisis. It was a conj job.Not happening. This is the golden age, best economy in the world. Well, in a turn of events, the president is now hitting the road and talking about affordability and selling his economy to the American people.Kevin Hassel was on ...

Core Viewpoint - The White House is considering Kevin Hasset as the front runner to replace Jay Powell as the chairman of the Federal Reserve, amid ongoing discussions about interest rate cuts and economic growth strategies [2][3][5]. Economic Outlook - Interest rates are currently up, but there is an 87% chance that the Federal Reserve will cut rates in the upcoming December meeting [5]. - The government shutdown has negatively impacted economic data, but a rebound is expected in the first quarter of the following year [7][8]. - GDP growth has been strong, with growth rates in the fours for the last two quarters, indicating a potential for continued economic expansion [7]. Artificial Intelligence Impact - Concerns are emerging about job losses due to AI efficiencies, although new job creation is anticipated [9][10]. - AI is expected to drive a 4% productivity increase next year, allowing firms to meet demand without significantly increasing hiring [12][14]. - Real wage growth is reportedly high, reversing previous declines, and contributing to increased consumer spending power [14][40]. Federal Reserve Strategy - The Federal Reserve is advised to cautiously reduce interest rates to support economic growth, especially in light of productivity gains from AI [7][20]. - Historical parallels are drawn to the 1990s productivity boom, suggesting that the current AI-driven productivity surge could lead to similar economic growth without inflationary pressures [21][22]. Tariff and Trade Policy - The Supreme Court is expected to make a decision regarding President Trump's tariffs, which have generated significant revenue but also raised concerns about potential economic disruptions [26][34]. - Tariff revenues have reached approximately $280 billion annually, with expectations of further increases as domestic production rises [52][54]. Housing and Affordability Initiatives - The administration is focused on making housing more affordable and is working on new initiatives to address affordability challenges faced by families [39][43]. - The introduction of "Trump accounts" for newborns aims to instill financial literacy and provide a financial foundation for future generations [48][50]. Healthcare and Drug Pricing - The administration is advocating for policies to lower prescription drug prices and improve healthcare affordability, building on previous successes in reducing drug costs [60][62].

Trump doubled down on his pacifist credentials, celebrating a treaty he negotiated in Africa with a banner delivering peace. But he had an unusual choice of pre-show music. >> Yes, it's the most inappropriate music choice since that famous footage of the Hindenburg.girl is on fire. >> I think they liked each other a lot. I spent time with them.I think they liked the Some people may be surprised. I really do. I think they they've spent a lot of time killing each other and now they're going to spend a lot of ...

President Trump plans to get back out back out on the road, visiting Pennsylvania on Tuesday to spotlight his efforts with the economy. It comes as Trump has repeatedly claimed affordability concerns are a Democratic hoax. A White House official says Trump will argue he inherited an inflation crisis from former President Biden.Trump narrowly won Pennsylvania last year, and the White House is looking to shore up economic support ahead of the 2026 midterms. Several seats that could flip in that state alone. B ...

Welcome back. With less than a month until health insurance premiums are set to skyrocket for millions of Americans, Democrats today unveiled a plan to extend the Affordable Care Act tax credits for three years and prevent premiums from spiking. Look, >> the bill a clean three-year extension of ACA tax credits that Democrats will bring to the floor of the Senate for a vote next Thursday and every single Democrat will support it.Republicans have one week to decide where they stand. If Republicans block our b ...

The UK housing market has been in stasis for several years, with prices flat in nominal terms, and falling in "real" terms. Yet affordability remains a serious hurdle, and unfortunately for first-time buyers, there's no relief in sight. https://t.co/FL4dvdHFvH ...

I know you plan to spend December concentrating on extending tax credits for the Affordable Care Act, but you are once again facing an unprecedented situation that no other Senate Democratic leader or any Senate leader has ever faced. And that is an outofcontrol secretary of defense who has an outofcontrol president who will not fire the outofcrol secretary of defense for what the inspector general calls endangering the lives of service members. It's now in writing and they're doing nothing about it.What ca ...