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America's debt has crossed a striking threshold: it's now bigger than the economy itself. Questions about what that means start to take shape when interest enters the picture. As the cost of carrying debt grows, its impact becomes harder to ignore. So, what should we do about the national debt, and just how worried should we really be? Marc Goldwein, senior policy director at the Committee for a Responsible Federal Budget, joins The Excerpt to talk about the impact of the scale of U.S. borrowing and what it likely means for future generations.Let us know what you think of this episode by sending an email to podcasts@usatoday.com. Episode transcript available here. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The Steve Gruber Show | Foreign Money, Fake Movements, Real Consequences --- 00:00 - Monologue 19:10 – Kent Strang, Managing Director of Americans for Prosperity. Strang explains why he believes President Trump was right to suspend the Jones Act. He discusses how the move could impact shipping, energy costs, and supply chain efficiency. 27:57 – Joe Rieck, Vice President of Sales at Longevity. Rieck encourages listeners to take the first step toward better health with Longevity products. He highlights a limited-time offer, including a free pouch of Strawberry Longevity with purchase. 38:15 - Monologue Featuring Ivey Gruber 47:08 – Ivey Gruber, President of the Michigan Talk Network. Gruber discusses the possibility of sending U.S. troops to Iran and the importance of trusting presidential decision-making. The conversation also touches on COVID-era fraud and a bizarre heist involving 12 tons of Kit Kat bars. 57:21 – Eric Eggers, Vice President of Research at the Government Accountability Institute and co-host of The Drill Down. Eggers discusses concerns about potential insider trading tied to developments surrounding the Iran conflict. He explains why increased scrutiny and investigation may be necessary. 1:06:21 – Dr. Jennifer Sperry, veterinarian with Spot Pet Insurance. Dr. Sperry discusses whether pet owners should be concerned about bird flu affecting animals. She also shares practical spring and summer safety tips to help keep pets healthy. 1:16:32 - Monologue 1:25:28 – John Vecchione, Senior Litigation Counsel for the New Civil Liberties Alliance (NCLA). Vecchione discusses a major legal victory against government involvement in social media censorship. He explains what the ruling means for free speech protections moving forward. 1:35:29 – Marc Goldwein, Senior Vice President and Senior Policy Director at the Committee for a Responsible Federal Budget. Goldwein outlines a new proposal to help shore up Social Security, including the idea of implementing a six-figure income cap. He discusses the potential economic impact and political feasibility. 1:44:06 – Ivey Gruber, President of the Michigan Talk Network. Gruber wraps up the show with commentary on the rising cost of sporting events and a story about a man selling his house to attend the World Cup. The segment also explores political protests and whether Hollywood can regain its cultural influence. --- Check out our brand new podcast, 'Forgotten America'... The seventh and eighth episodes are live NOW at Steve Gruber on YouTube! Link below: https://youtu.be/7r4XPsrY4bg
This week on Facing the Future, Marc Goldwein, Senior Vice President of the Committee for a Responsible Federal Budget, outlines a "break glass in case of emergency" plan for the next economic shock.
This week on Facing the Future, Marc Goldwein, Senior Vice President of the Committee for a Responsible Federal Budget, outlines a "break glass in case of emergency" plan for the next economic shock.
What are the real solutions for the program you've paid into your entire life? Social Security's trust fund is projected to be depleted by 2033, which would trigger automatic benefit cuts unless Congress acts. Democrat Martin O'Malley, Former Social Security Commissioner, and Marc Goldwein from the nonpartisan Committee for a Responsible Federal Budget discuss the outlook of the program.
As America's debt climbs and the danger of a fiscal crisis grows, is it time to add a constitutional guardrail? In Fiscal Democracy in America, Kurt Couchman proposes a principles-based balanced budget amendment (BBA) to address the persistent deficits in Washington in a flexible and politically feasible manner. Marc Goldwein draws on his experience in fiscal commissions and provides a challenge to the BBA as a silver-bullet solution to America's fiscal crisis.How could a principles-based BBA work, and how would it handle entitlement programs, recessions, and crises? Why did previous attempts at a BBA fail, and what makes a principles-based BBA different? Is a BBA just a distraction from adopting specific policy reforms? And if an amendment were adopted, do other reforms need to occur to complement its implementation? Join us for a discussion with Kurt Couchman and Marc Goldwein, moderated by Romina Boccia. Hosted on Acast. See acast.com/privacy for more information.
The national debt just hit an eye-popping $38 trillion, and it comes as the government shutdown drags on. Marc Goldwein, SVP and Senior Policy Director at the Committee for a Responsible Federal Budget, joins Steve to break down what this means for the economy, taxpayers, and future generations. They discuss the consequences of mounting debt, the political gridlock in Washington, and why fiscal responsibility has never been more urgent.
Send us a textJeff and Scott chat with Marc Goldwein, who is the Senior Vice President and Senior Policy Director for the Committee for a Responsible Federal Budget. They chat about Medicaid, a huge piece in the federal government's budget, and an essential piece of understand what needs our tax system must satisfy. They talk about the program in general, ways in which it was recently reformed under the One Big Beautiful Bill, and what we might do to fix it going forward.
Marc Goldwein joins Tommy to talk about social security and the future plans with it.
Marc Goldwein, Senior Vice President and Senior Policy Director for the Committee for a Responsible Federal Budget, breaks down two pressing economic issues. First, he explains why recent economic gains may be nothing more than a short-lived “sugar high” that doesn't signal long-term growth. Then, as Social Security celebrates its 90th anniversary, Goldwein highlights the looming insolvency crisis and what it means for retirees and future generations.
This week's episode of What's at Stake dives into the details of the "One Big Beautiful Bill Act" and its impact on the national debt and deficits. Marc Goldwein, senior vice president and senior policy director at the Committee for a Responsible Federal Budget, joins hosts Bryan DeAngelis and Ylan Mui to discuss the tax changes, budget gimmicks and long-term fiscal consequences.Their conversation covered:Whether this is really the largest tax cut in historyWhy spending cuts don't offset the $4 trillion in added debtHow tariffs, interest rates, and economic growth factor into the administration's mathSignals of a potential debt crisis If fiscal discipline will ever return to Washington
In this weekend's episode, three segments from this past week's Washington Journal. First, Marc Goldwein of the Committee for a Responsible Federal Budget discusses his organization's recent analysis of the Republican tax cuts and spending cuts bill. Then, a discussion with McCain Institute's Evelyn Farkas about the latest in efforts to forge a ceasefire between Russia and Ukraine -- and the future of U.S. involvement. Finally, Former FEMA Chief of Staff Michael Coen discusses FEMA's readiness as the 2025 hurricane season kicks off. Learn more about your ad choices. Visit megaphone.fm/adchoices
This week on Facing the Future, Marc Goldwein, Senior Vice President of the Committee for a Responsible Federal Budget, guides us through the tax cut bill rolled out by House Ways and Means Committee Republicans. We'll discuss how big it is, whether it's good tax policy and will it be paid for?
This week on Facing the Future, Marc Goldwein, Senior Vice President of the Committee for a Responsible Federal Budget, guides us through the tax cut bill rolled out by House Ways and Means Committee Republicans. We'll discuss how big it is, whether it's good tax policy and will it be paid for?
No one wants to talk about the $1.8 Billion Federal Budget deficit - especially the two candidates running for president and their political parties. But, as Marc Goldwein of the Committee for a Responsible Budget warns, the interest costs alone to serve that debt are approaching 17% of government spending, which is more than we spend on defense, education and healthcare. Both presidential candidates are pushing policies that would only amplify that debt by trillions of dollars over the next decade, bringing with it inflation, high interest rates, a debt spiral and a massive devaluing of U.S. Treasuries. The debt matters, but don't tell Washington D.C. LINKS FOR SHOW NOTES: https://www.investopedia.com/warren-buffett-berkshire-hathaway-apple-stock-cash-pile-q3-2024-8738738 https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html https://advantage.factset.com/hubfs/Website/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_110124.pdf https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8737801 https://www.crfb.org/ https://www.investopedia.com/presidents-and-their-impact-on-the-stock-market-4587369 https://www.investopedia.com/what-economists-think-harris-trump-economic-plans-presidential-election-8700373 Learn more about your ad choices. Visit podcastchoices.com/adchoices
This week on Facing the Future, we'll get a briefing from Marc Goldwein, Senior Vice President of the Committee for a Responsible Federal Budget, on the potential fiscal impact of the Harris and Trump campaign proposals. Concord Coalition Chief Economist Steve Robinson joins the conversation.
This week on Facing the Future, we'll get a briefing from Marc Goldwein, Senior Vice President of the Committee for a Responsible Federal Budget, on the potential fiscal impact of the Harris and Trump campaign proposals. Concord Coalition Chief Economist Steve Robinson joins the conversation.
First, we dig into a new analysis of the cost of the candidates' tax and spending plans with Marc Goldwein (gold-wine) from the Committee for a Responsible Federal Budget. Then, Pew Research Center's Mark Hugo Lopez discusses the role and political influence of Latino voters in this year's elections. Plus, we speak to documentary filmmaker Robin Barnwell about his recent PBS Frontline film examining the Israel-Hamas war, one year later. Learn more about your ad choices. Visit megaphone.fm/adchoices
Join Chuck and Sam on this week's Breaking Battleground episode as they welcome Marc Goldwein, Senior Vice President and Senior Policy Director for the Committee for a Responsible Federal Budget, and David Harsanyi, senior editor at The Federalist. With expertise in inflation, interest rates, and the national debt, Marc dives deep into the economic challenges facing the nation. Later, David Harsanyi, joins the show, offering bold insights on the Middle East crisis, CBS letting Catherine Herridge go for digging into government corruption, and more. From discussing the looming threat against Israel to the implications of rising inflation, each guest brings a dynamic discussion, challenging perceptions and enhancing understanding of the issues that shape our world. Stay tuned for Kiley's Corner, where she was in a positive mood today and discussed two feel-good stories: one about a rubber duck who traveled 423 miles, and another about five sorority sisters from the University of Georgia who rescued a family from their sinking car.Connect with us:www.breakingbattlegrounds.voteTwitter: www.twitter.com/Breaking_BattleFacebook: www.facebook.com/breakingbattlegroundsInstagram: www.instagram.com/breakingbattlegroundsLinkedIn: www.linkedin.com/company/breakingbattlegrounds-About out guestsMarc Goldwein is the Senior Vice President and Senior Policy Director for the Committee for a Responsible Federal Budget, where he guides and conducts research on a wide array of topics related to fiscal policy and the federal budget. He is frequently quoted in a number of major media outlets and works regularly with Members of Congress and their staffs on budget-related issues. Previously, Marc served as Associate Director of the National Commission on Fiscal Responsibility and Reform (The Fiscal Commission) and senior budget analyst on the Joint Select Committee on Deficit Reduction (The Super Committee). He also conducted research for the Government Accountability Office, the World Bank, the Historian's Office at the Social Security Administration, and the Institute of Governmental Studies at UC Berkeley. In addition to his work at the Committee, Marc serves on Martha's Tables' Business Advisory Council and teaches economics at Johns Hopkins University and the University of California DC. Marc is the recipient of the Johns Hopkins University Excellence in Teaching award and was featured in the Forbes "30 Under 30" list for Law & Policy. He holds a BA and MA from Johns Hopkins University. Find him on Twitter at @MarcGoldwein. Learn more about Center for Responsible Budget at www.crfb.org. -David Harsanyi is a senior editor at The Federalist, a nationally syndicated columnist, a Happy Warrior columnist at National Review, and author of five books—the most recent, Eurotrash: Why America Must Reject the Failed Ideas of a Dying Continent. Get full access to Breaking Battlegrounds at breakingbattlegrounds.substack.com/subscribe
This week on Facing the Future, we'll look at what happens at the end of 2025 when many of the tax cuts enacted in 2017 are scheduled to expire. What should Congress be doing to prepare for this fiscal cliff? How much would it cost to extend the tax cuts? Are there viable options to offset the revenue loss? We'll get some perspectives on all these questions from Marc Goldwein of the Committee for a Responsible Federal Budget.
Tommy talks to Marc Goldwein, Senior Vice President and policy director for the Committee for a Responsible Federal Budget
Tommy talks with Marc Goldwein, Senior Vice President and policy director for the Committee for a Responsible Federal Budget
Tommy talks with Marc Goldwein, Senior Vice President and policy director for the Committee for a Responsible Federal Budget
The US Treasury recently increased the size of its securities auctions to help accommodate a widening Federal deficit. With the biggest pandemic stimulus bills in the rearview mirror, bond investors are worried that big deficits are no longer a temporary phenomenon. Rising interest rates, demographic changes, and a gridlocked political climate are complicating any easy path to budget reform. In this episode, we talk with Marc Goldwein, Senior Vice President and Senior Policy Director at the Committee for a Responsible Federal Budget, about the primary drivers behind recent Federal deficits and how to think about the future budget trajectory.
Senator Tim Scott has dropped out of the 2024 presidential race, leaving just a few candidates in the GOP primary that are polling above 5 percent. Meanwhile, troubling poll numbers for the Biden and Trump campaigns came out of a recent Quinnipiac survey that showed RFK Jr. with 22 percent of support in a hypothetical three-way race with the incumbent and former President. First, Fox News contributor and host of ‘The Ben Domenech Podcast,' Ben Domenech, joins the Rundown to explain how the White House is navigating kitchen table issues and RFK Jr.'s potential role as 2024 spoilers. Later, Democratic strategist and former Biden campaign surrogate Kevin Walling joins to break down how the Biden administration plans to win back angered sections of the Democratic base. House Speaker Mike Johnson (R-LA) has proposed a new continuing resolution to keep the government funded through the remainder of the year, attempting to narrowly avoid a shutdown as the November 17th deadline approaches. However, his proposed CR is unusual compared to the past, with Speaker Johnson seeking to set two separate deadlines. Senior Vice President and Senior Policy Director for the Committee for a Responsible Federal Budget, Marc Goldwein, joins the podcast to analyze Speaker Johnson's new plan and describe why neither party is willing to address the root of the problem. Plus, commentary by former Congressman Jason Chaffetz, host of the Jason in the House podcast. Learn more about your ad choices. Visit megaphone.fm/adchoices
Senator Tim Scott has dropped out of the 2024 presidential race, leaving just a few candidates in the GOP primary that are polling above 5 percent. Meanwhile, troubling poll numbers for the Biden and Trump campaigns came out of a recent Quinnipiac survey that showed RFK Jr. with 22 percent of support in a hypothetical three-way race with the incumbent and former President. First, Fox News contributor and host of ‘The Ben Domenech Podcast,' Ben Domenech, joins the Rundown to explain how the White House is navigating kitchen table issues and RFK Jr.'s potential role as 2024 spoilers. Later, Democratic strategist and former Biden campaign surrogate Kevin Walling joins to break down how the Biden administration plans to win back angered sections of the Democratic base. House Speaker Mike Johnson (R-LA) has proposed a new continuing resolution to keep the government funded through the remainder of the year, attempting to narrowly avoid a shutdown as the November 17th deadline approaches. However, his proposed CR is unusual compared to the past, with Speaker Johnson seeking to set two separate deadlines. Senior Vice President and Senior Policy Director for the Committee for a Responsible Federal Budget, Marc Goldwein, joins the podcast to analyze Speaker Johnson's new plan and describe why neither party is willing to address the root of the problem. Plus, commentary by former Congressman Jason Chaffetz, host of the Jason in the House podcast. Learn more about your ad choices. Visit megaphone.fm/adchoices
Marc Goldwein is the Senior Vice President and Senior Policy Director for the Committee for a Responsible Federal Budget, where he guides and conducts research on a wide array of topics related to fiscal policy and the federal budget. He works regularly with Members of Congress and their staffs on budget-related issues. In this podcast we discuss: the scale of US debt and deficit, how COVID impacted spending, trends in healthcare, social security spending, and taxes, and much more. Follow us here for more amazing insights: https://macrohive.com/home-prime/ https://twitter.com/Macro_Hive https://www.linkedin.com/company/macro-hive
WATCH THE VIDEO OF THIS PODCAST HERE: https://www.thetayf.com/pages/multimedia?wchannelid=c4ogwxwvtw&wmediaid=q3pnzuwrevOn today's podcast, Ric explores the critical state of Social Security funding with Marc Goldwein, Senior Policy Director at the Committee for a Responsible Federal Budget, highlighting a potential shortfall by 2033. They discuss necessary policy reforms to safeguard young workers' financial futures amidst these challenges. Separately, Ric addresses the escalating costs of Alzheimer's disease, emphasizing its profound impact on families and healthcare economics. The episode offers actionable insights into fiscal strategies and the importance of early financial planning.Subscribe to podcast updates: https://form.jotform.com/223614751580152Ask Ric: https://www.thetayf.com/pages/ask-ricRic's Books: https://www.amazon.com/stores/Ric-Edelman/author/B000APYJPM-----Links from today's show:Invesco Nasdaq 100 ETF: https://www.invesco.com/us/en/etf/nasdaq-100-qqqm.htmlInvesco S&P 500 Equal Weight ETF: https://www.invesco.com/us/financial-products/etfs/product-detail?audienceType=Investor&productId=ETF-RSPInvesco S&P 500 Pure Value ETF: https://www.invesco.com/us/financial-products/etfs/product-detail?audienceType=Investor&productId=ETF-RPVTax-loss harvesting: Your investment losses could lower your tax bill: https://www.invesco.com/us/en/insights/tax-loss-harvesting-could-lower-your-tax-bill.htmlHow to avoid the downside of capital gains: https://www.invesco.com/us/en/insights/how-to-avoid-downside-of-capital-gains.htmlEdelman Financial: https://www.edelmanfinancialengines.com/Medicare Hospital Insurance Trust Fund: https://www.taxpolicycenter.org/briefing-book/what-medicare-trust-fund-and-how-it-financedCommittee for a Responsible Federal Budget: https://www.crfb.org/Committee for a Responsible Federal Budget - Issue Areas list: https://www.crfb.org/issue-areasHighway Trust Fund: https://www.taxpolicycenter.org/briefing-book/what-highway-trust-fund-and-how-it-financedInfrastructure Investment and Jobs Act: https://en.wikipedia.org/wiki/Infrastructure_Investment_and_Jobs_ActInflation Reduction Act: https://en.wikipedia.org/wiki/Inflation_Reduction_ActSelf-Care with Jean Edelman: http://www.selfcarewithjean.com/-----Follow Ric on social media:Facebook: https://www.facebook.com/RicEdelmanInstagram: https://www.instagram.com/ric_edelman/ LinkedIn: https://www.linkedin.com/in/ricedelman/X (formerly Twitter): https://twitter.com/ricedelman YouTube: https://www.youtube.com/@RicEdelmanBrought to you by:Global X ETFs: https://www.globalxetfs.com/Invesco QQQ: https://www.invesco.com/qqq-etf/en/home.htmlSchwab: https://www.schwab.com/Disclosure page: https://www.thetayf.com/pages/sponsorship-disclosure-fee-----
As part of the House's plan to pay for its aid package to Israel... the legislation includes $14.3 billion in cuts to funding for the IRS. While we should send aid to Israel.. should we be cutting tax revenue too? Marc Goldwein from the Committee for a Responsible Federal Budget says that while this is just a drop in the bucket, it's still adding to our record-breaking deficits.
This week on Facing the Future, we looked at the final federal budget numbers for Fiscal Year 2023 and why the deficit shot up. Then we discussed President Biden's $106 billion supplemental spending request for Ukraine, Israel and other international priorities. And finally, we heard from Brian Riedl of the Manhattan Institute and Marc Goldwein of the Committee for a Responsible Federal Budget on the threat of rising interest rates and the prospects for a new fiscal commission.
Marc Goldwein is the Senior Vice President and Senior Policy Director for the Committee for a Responsible Federal Budget (CRFB), where he guides and conducts research on a wide array of topics related to fiscal policy and the federal budget. Marc joins Macro Musings to talk about the US government budget, its structure, its challenges, and its long-term trajectories. David and Marc also discuss the basics of government shutdowns and the budgetary process, how the most recent inflationary episode unfolded, how to fix the US budget over the long run, and a lot more. Transcript for this week's episode. Last chance to register for the Bennett McCallum Monetary Policy Conference! Marc's CRFB profile Marc's Twitter: @MarcGoldwein David Beckworth's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings Join the Macro Musings mailing list! Check out our new Macro Musings merch! Related Links: *Government Shutdowns Q&A: Everything You Should Know* by the Committee for a Responsible Federal Budget *Retirees Face a $17,400 Cut if Social Security Isn't Saved* by the Committee for a Responsible Federal Budget *Amid GOP Confusion, U.S. Braces for ‘First-ever Shutdown About Nothing'* by Jeff Stein
In this weekend's episode, three segments from this past week's Washington Journal First – as a government shutdown looms on Capitol Hill – a closer look at federal spending and a new projection showing the federal budget deficit expected to hit $2 Billion dollars this fiscal year. That conversation with Marc Goldwein – senior vice president for the Committee for a Responsible Federal Budget Then - Victor Cha of the Center for Strategic & International Studies discusses the recent meeting between Russia's Vladimir Putin and North Korea's Kim Jong Un - and what it means for Russia's War Against Ukraine. Plus –a conversation with Mary Dickson –an advocate for survivors of nuclear weapons testing in the U.S. during the 1950s and 60s. She'll discuss her push for compensation for victims of radiation exposure – and the impact of the recent "Oppenheimer" movie. Learn more about your ad choices. Visit megaphone.fm/adchoices
As Congress stumbles to pass an actual budget for Fiscal Year 2024... our nation's debt continues to march towards unsustainability. Today... the US National Debt hit $33 Trillion. Marc Goldwein from the Committee for a Responsible Federal Budget joins to discuss how this impacts our future and what Congress should be thinking about when it funds the government.See omnystudio.com/listener for privacy information.
On Episode 15 of the D.C. Debrief, host John Stolnis speaks with Marc Goldwein, Senior Vice President and Senior Policy Director for the Committee for a Responsible Federal Budget about this year's federal deficit expected to grow by two trillion dollars this year. Also, the Senate returns as battles over spending on Ukraine, natural disasters and avoiding a government shutdown loom, North Korea and Russia appear to be talking about an arms deal, and a record sentence is handed down for a January 6th defendant.
This is Garrison Hardie with your CrossPolitic Daily News Brief for Thursday, September 7th, 2023. Olive Tree Biblical Software: Discover why more than a million people use the free Olive Tree Bible App as their go-to for reading, studying, and listening to the God’s Word. Start by downloading one of many free Bibles and start taking notes, highlighting verses, and bookmarking your favorite passages. You can read at your own pace, or choose from a large selection of Reading Plans, including the Bible Reading Challenge. When you are ready to go deeper into your studies, Olive Tree is right there with a large selection of study Bibles, commentaries, and other helpful study resources available for purchase. There’s also an extensive bookstore allows you to build your digital library one book at a time and Olive Tree’s sync technology lets you pick up where you left off on your tablet, pc or phone and get right to studying on another supported device. Now here's the best part – You can start with the Olive Tree Essentials Bundle for FREE. Visit www.olivetree.com/FLF and download it today! https://www.foxbusiness.com/economy/us-federal-budget-deficit-projected-double-year US federal budget deficit projected to double this year The U.S. federal deficit is projected to nearly double this year as a result of higher interest rates and lower tax revenue. The gap between what the government spends and what it collects is expected to grow from about $1 trillion last year to $2 trillion for the 2023 fiscal year that ends Sept. 30, according to the latest projections from the Committee for a Responsible Federal Budget (CRFB), a nonpartisan group that advocates for reducing the federal deficit. "This would be the highest deficit we’ve ever had outside of a recession or national emergency," Marc Goldwein, a senior policy director at CRFB, told FOX Business. The sizable increase stems from a number of factors, including high inflation, more expensive interest payments and a drop in tax receipts. It comes on the heels of a record drop in the budget shortfall last year, as the deficit dropped from close to $3 trillion to roughly $1 trillion after the government's record spending during the COVID-19 pandemic in 2020 and 2021. In 2022, the government enjoyed a surge in capital gains revenue after Americans capitalized on the booming market the previous year, sold more stock and recorded large gains. The market has not fared as well since then, leading to a sharp drop in capital gains tax revenue compared with last year. The Treasury Department likewise benefited from a spike in general tax collection, because surging inflation essentially pushed up nominal income for millions of households. Although the IRS indexes the tax code to inflation, it does so on a lag. Higher federal income tax brackets and standard deductions took effect at the beginning of 2023, essentially allowing more Americans to shield their income from the IRS. Social Security and Medicare are also indexed to inflation, meaning the government is spending more money on those programs than it did in fiscal year 2022. "But mostly what’s happening is it’s coming to the new normal, from an unusually low 2022 deficit," Goldwein said. "That’s pretty scary, because normal before the pandemic was $1 trillion. And in 2015, it was $500 billion. So we went from $500 billion is the normal, to $1 trillion is the normal, to $2 trillion is the normal in less than a decade." The figures exclude President Biden's $400 billion student loan cancellation plan, which was counted in the official 2022 deficit numbers but never implemented because the Supreme Court struck the policy down. Such massive spending imbalances highlight the toll that high and rising debt can take on everyday Americans. High deficits can fuel inflation, and high debt can push up interest rates. "Mortgage rates are as high as they’ve been since well before the financial crisis," Goldwein said. "Car loan rates, student loan rates, credit card rates, they’re all really high." The deficit surge comes as lawmakers rush to avert a government shutdown. The White House has urged Congress to pass a short-term funding measure, known as a continuing resolution, in order to keep the government solvent while lawmakers continue negotiations over longer-term funding bills. Senate Majority Leader Chuck Schumer, D-N.Y., and House Speaker Kevin McCarthy, R-Calif., have both said they want to pass a short-term deal to keep the government running. However, a group of House Republicans — the House Freedom Caucus — is demanding a number of concessions as part of the continuing resolution, raising the risk of more down-to-the-wire drama on Capitol Hill. https://www.washingtonexaminer.com/news/white-house/biden-mask-indoors-jill-biden-covid Biden to wear mask indoors after COVID-19 exposure President Joe Biden will don a mask indoors after he was exposed to COVID-19 through his wife, first lady Jill Biden, according to the White House. https://twitter.com/i/status/1699269260260823345 - Play Video Now, Studies have repeatedly shown masks don't prevent Covid transmission and might even have health consequences to wearers. - But I digress. Biden, who awarded the Medal of Honor to Army Capt. Larry Taylor for conspicuous gallantry on Tuesday, is expected to depart Thursday for India and the Group of 20 leaders summit. During the Medal of Honor ceremony, Biden took off his mask for his remarks and did not put it back on to hang the trinket around Taylor's neck or to leave the East Room. National security adviser Jake Sullivan downplayed the prospect that a presidential COVID-19 diagnosis would disrupt his foreign trip based on leaders' past experience social distancing during the pandemic. https://www.theblaze.com/news/75000-sia-illegal-border-crossings 75,000 illegal immigrants flagged as having possible ties to terrorism in the last year, according to CBP data U.S. Customs and Border Protection flagged approximately 75,000 illegal immigrants as being possible national security threats or having terroristic ties in the previous 10 months leading up to August 2023, the Daily Caller reported. CBP data showed that between October 2022 and August 2023, 74,904 illegal aliens were labeled as "SIA Encounters," which stands for "Special Interest Alien." According to a Department of Homeland Security article, an SIA is a "non-U.S. person" who potentially "poses a national security risk to the United States or its interests." "Often such individuals or groups are employing travel patterns known or evaluated to possibly have a nexus to terrorism. DHS analysis includes an examination of travel patterns, points of origin, and/or travel segments that are tied to current assessments of national and international threat environments," the DHS stated. "This does not mean that all SIAs are 'terrorists,'" the government report added. However, the travel and behavior of certain individuals "indicates a possible nexus to nefarious activity (including terrorism) and, at a minimum, provides indicators that necessitate heightened screening and further investigation." The unearthed numbers were a massive increase from the reported 25,627 special interest encounters from fiscal year 2022, and the comparably miniscule 3,675 from fiscal year 2021. Illegal immigrants can automatically be deemed SIAs based on their country of origin, such as Turkey or Uzbekistan, due to such countries' status as a "source and transit country." DHS didn’t respond to a request for comment from the Daily Caller regarding the SIA figures. CBP and the DHS are under heightened scrutiny as a result of the shocking increase in border crossing encounters under the Biden administration. A former immigration judge claimed in late August 2023 that the DHS was deliberately not disclosing the number of illegal immigrants who have been released into the United States each month. "The only reason why ICE and OFO [Office of Field Operations] would refuse to disclose that information is to hide the fact that it is releasing more than 100,000 aliens per month into the United States and to conceal the effects of those migrant releases on communities across the United States," Andrew Arthur said. Border encounters in fiscal year 2023 are on pace to match the near 2.4 million that were seen in 2022. There were just over 1.7 million encounters in 2021, while in 2020, President Trump's administration saw a little more than 450,000. https://townhall.com/tipsheet/leahbarkoukis/2023/09/05/ev-florida-n2627949#google_vignette Electric Vehicles Are Causing Issues After Hurricane Idalia Electric vehicles are catching on fire after Hurricane Idalia made landfall in Florida last week. According to local reports, at least two Tesla EVs ignited after saltwater from the storm surge damaged their batteries and other electrical components. One vehicle lit up in Pinellas Park and another car fire occurred in Palm Harbor. “Carfax says owners need to understand the fire risk doesn’t go away after their EV dries out,” ABC Actions News told viewers. “The salt water that is flooding can get into the battery and dry there and once it dries it creates what federal safety officials call bridges between cells and that can lead to fires and those fires can come anywhere from days to weeks later and once an EV catches fire it is incredible difficult to put it out,” said Patrick Olsen of Carfax. After Hurricane Ian, 21 electric vehicles caught fire in the state, prompting officials to warn residents ahead of Idalia's approach. “We saw a number of fires associated with EVs from Hurricane Ian. We know that the saltwater from storm surge can compromise these batteries, causing fires which cannot be easily suppressed,” Florida Chief Financial Officer Jimmy Patronis said at the time. “The best fire teams can do is keep water on the battery until the fuel burns out. If you’re evacuating and leaving an EV, or other lithium ion powered devices like scooters or golf carts in your garage, you’re creating a real fire threat for your home, your communities, and first responders," he added. "Take this threat seriously. If there’s even a small risk of your EV being impacted by storm surge, move it to higher ground before it’s too late.” One home that managed to survive Ian ended up burning to the ground because of a saltwater-damaged EV. EV vehicle owners are being advised to park affected cars at least 50 feet away from any structures that could catch fire.
This is Garrison Hardie with your CrossPolitic Daily News Brief for Thursday, September 7th, 2023. Olive Tree Biblical Software: Discover why more than a million people use the free Olive Tree Bible App as their go-to for reading, studying, and listening to the God’s Word. Start by downloading one of many free Bibles and start taking notes, highlighting verses, and bookmarking your favorite passages. You can read at your own pace, or choose from a large selection of Reading Plans, including the Bible Reading Challenge. When you are ready to go deeper into your studies, Olive Tree is right there with a large selection of study Bibles, commentaries, and other helpful study resources available for purchase. There’s also an extensive bookstore allows you to build your digital library one book at a time and Olive Tree’s sync technology lets you pick up where you left off on your tablet, pc or phone and get right to studying on another supported device. Now here's the best part – You can start with the Olive Tree Essentials Bundle for FREE. Visit www.olivetree.com/FLF and download it today! https://www.foxbusiness.com/economy/us-federal-budget-deficit-projected-double-year US federal budget deficit projected to double this year The U.S. federal deficit is projected to nearly double this year as a result of higher interest rates and lower tax revenue. The gap between what the government spends and what it collects is expected to grow from about $1 trillion last year to $2 trillion for the 2023 fiscal year that ends Sept. 30, according to the latest projections from the Committee for a Responsible Federal Budget (CRFB), a nonpartisan group that advocates for reducing the federal deficit. "This would be the highest deficit we’ve ever had outside of a recession or national emergency," Marc Goldwein, a senior policy director at CRFB, told FOX Business. The sizable increase stems from a number of factors, including high inflation, more expensive interest payments and a drop in tax receipts. It comes on the heels of a record drop in the budget shortfall last year, as the deficit dropped from close to $3 trillion to roughly $1 trillion after the government's record spending during the COVID-19 pandemic in 2020 and 2021. In 2022, the government enjoyed a surge in capital gains revenue after Americans capitalized on the booming market the previous year, sold more stock and recorded large gains. The market has not fared as well since then, leading to a sharp drop in capital gains tax revenue compared with last year. The Treasury Department likewise benefited from a spike in general tax collection, because surging inflation essentially pushed up nominal income for millions of households. Although the IRS indexes the tax code to inflation, it does so on a lag. Higher federal income tax brackets and standard deductions took effect at the beginning of 2023, essentially allowing more Americans to shield their income from the IRS. Social Security and Medicare are also indexed to inflation, meaning the government is spending more money on those programs than it did in fiscal year 2022. "But mostly what’s happening is it’s coming to the new normal, from an unusually low 2022 deficit," Goldwein said. "That’s pretty scary, because normal before the pandemic was $1 trillion. And in 2015, it was $500 billion. So we went from $500 billion is the normal, to $1 trillion is the normal, to $2 trillion is the normal in less than a decade." The figures exclude President Biden's $400 billion student loan cancellation plan, which was counted in the official 2022 deficit numbers but never implemented because the Supreme Court struck the policy down. Such massive spending imbalances highlight the toll that high and rising debt can take on everyday Americans. High deficits can fuel inflation, and high debt can push up interest rates. "Mortgage rates are as high as they’ve been since well before the financial crisis," Goldwein said. "Car loan rates, student loan rates, credit card rates, they’re all really high." The deficit surge comes as lawmakers rush to avert a government shutdown. The White House has urged Congress to pass a short-term funding measure, known as a continuing resolution, in order to keep the government solvent while lawmakers continue negotiations over longer-term funding bills. Senate Majority Leader Chuck Schumer, D-N.Y., and House Speaker Kevin McCarthy, R-Calif., have both said they want to pass a short-term deal to keep the government running. However, a group of House Republicans — the House Freedom Caucus — is demanding a number of concessions as part of the continuing resolution, raising the risk of more down-to-the-wire drama on Capitol Hill. https://www.washingtonexaminer.com/news/white-house/biden-mask-indoors-jill-biden-covid Biden to wear mask indoors after COVID-19 exposure President Joe Biden will don a mask indoors after he was exposed to COVID-19 through his wife, first lady Jill Biden, according to the White House. https://twitter.com/i/status/1699269260260823345 - Play Video Now, Studies have repeatedly shown masks don't prevent Covid transmission and might even have health consequences to wearers. - But I digress. Biden, who awarded the Medal of Honor to Army Capt. Larry Taylor for conspicuous gallantry on Tuesday, is expected to depart Thursday for India and the Group of 20 leaders summit. During the Medal of Honor ceremony, Biden took off his mask for his remarks and did not put it back on to hang the trinket around Taylor's neck or to leave the East Room. National security adviser Jake Sullivan downplayed the prospect that a presidential COVID-19 diagnosis would disrupt his foreign trip based on leaders' past experience social distancing during the pandemic. https://www.theblaze.com/news/75000-sia-illegal-border-crossings 75,000 illegal immigrants flagged as having possible ties to terrorism in the last year, according to CBP data U.S. Customs and Border Protection flagged approximately 75,000 illegal immigrants as being possible national security threats or having terroristic ties in the previous 10 months leading up to August 2023, the Daily Caller reported. CBP data showed that between October 2022 and August 2023, 74,904 illegal aliens were labeled as "SIA Encounters," which stands for "Special Interest Alien." According to a Department of Homeland Security article, an SIA is a "non-U.S. person" who potentially "poses a national security risk to the United States or its interests." "Often such individuals or groups are employing travel patterns known or evaluated to possibly have a nexus to terrorism. DHS analysis includes an examination of travel patterns, points of origin, and/or travel segments that are tied to current assessments of national and international threat environments," the DHS stated. "This does not mean that all SIAs are 'terrorists,'" the government report added. However, the travel and behavior of certain individuals "indicates a possible nexus to nefarious activity (including terrorism) and, at a minimum, provides indicators that necessitate heightened screening and further investigation." The unearthed numbers were a massive increase from the reported 25,627 special interest encounters from fiscal year 2022, and the comparably miniscule 3,675 from fiscal year 2021. Illegal immigrants can automatically be deemed SIAs based on their country of origin, such as Turkey or Uzbekistan, due to such countries' status as a "source and transit country." DHS didn’t respond to a request for comment from the Daily Caller regarding the SIA figures. CBP and the DHS are under heightened scrutiny as a result of the shocking increase in border crossing encounters under the Biden administration. A former immigration judge claimed in late August 2023 that the DHS was deliberately not disclosing the number of illegal immigrants who have been released into the United States each month. "The only reason why ICE and OFO [Office of Field Operations] would refuse to disclose that information is to hide the fact that it is releasing more than 100,000 aliens per month into the United States and to conceal the effects of those migrant releases on communities across the United States," Andrew Arthur said. Border encounters in fiscal year 2023 are on pace to match the near 2.4 million that were seen in 2022. There were just over 1.7 million encounters in 2021, while in 2020, President Trump's administration saw a little more than 450,000. https://townhall.com/tipsheet/leahbarkoukis/2023/09/05/ev-florida-n2627949#google_vignette Electric Vehicles Are Causing Issues After Hurricane Idalia Electric vehicles are catching on fire after Hurricane Idalia made landfall in Florida last week. According to local reports, at least two Tesla EVs ignited after saltwater from the storm surge damaged their batteries and other electrical components. One vehicle lit up in Pinellas Park and another car fire occurred in Palm Harbor. “Carfax says owners need to understand the fire risk doesn’t go away after their EV dries out,” ABC Actions News told viewers. “The salt water that is flooding can get into the battery and dry there and once it dries it creates what federal safety officials call bridges between cells and that can lead to fires and those fires can come anywhere from days to weeks later and once an EV catches fire it is incredible difficult to put it out,” said Patrick Olsen of Carfax. After Hurricane Ian, 21 electric vehicles caught fire in the state, prompting officials to warn residents ahead of Idalia's approach. “We saw a number of fires associated with EVs from Hurricane Ian. We know that the saltwater from storm surge can compromise these batteries, causing fires which cannot be easily suppressed,” Florida Chief Financial Officer Jimmy Patronis said at the time. “The best fire teams can do is keep water on the battery until the fuel burns out. If you’re evacuating and leaving an EV, or other lithium ion powered devices like scooters or golf carts in your garage, you’re creating a real fire threat for your home, your communities, and first responders," he added. "Take this threat seriously. If there’s even a small risk of your EV being impacted by storm surge, move it to higher ground before it’s too late.” One home that managed to survive Ian ended up burning to the ground because of a saltwater-damaged EV. EV vehicle owners are being advised to park affected cars at least 50 feet away from any structures that could catch fire.
This is Garrison Hardie with your CrossPolitic Daily News Brief for Thursday, September 7th, 2023. Olive Tree Biblical Software: Discover why more than a million people use the free Olive Tree Bible App as their go-to for reading, studying, and listening to the God’s Word. Start by downloading one of many free Bibles and start taking notes, highlighting verses, and bookmarking your favorite passages. You can read at your own pace, or choose from a large selection of Reading Plans, including the Bible Reading Challenge. When you are ready to go deeper into your studies, Olive Tree is right there with a large selection of study Bibles, commentaries, and other helpful study resources available for purchase. There’s also an extensive bookstore allows you to build your digital library one book at a time and Olive Tree’s sync technology lets you pick up where you left off on your tablet, pc or phone and get right to studying on another supported device. Now here's the best part – You can start with the Olive Tree Essentials Bundle for FREE. Visit www.olivetree.com/FLF and download it today! https://www.foxbusiness.com/economy/us-federal-budget-deficit-projected-double-year US federal budget deficit projected to double this year The U.S. federal deficit is projected to nearly double this year as a result of higher interest rates and lower tax revenue. The gap between what the government spends and what it collects is expected to grow from about $1 trillion last year to $2 trillion for the 2023 fiscal year that ends Sept. 30, according to the latest projections from the Committee for a Responsible Federal Budget (CRFB), a nonpartisan group that advocates for reducing the federal deficit. "This would be the highest deficit we’ve ever had outside of a recession or national emergency," Marc Goldwein, a senior policy director at CRFB, told FOX Business. The sizable increase stems from a number of factors, including high inflation, more expensive interest payments and a drop in tax receipts. It comes on the heels of a record drop in the budget shortfall last year, as the deficit dropped from close to $3 trillion to roughly $1 trillion after the government's record spending during the COVID-19 pandemic in 2020 and 2021. In 2022, the government enjoyed a surge in capital gains revenue after Americans capitalized on the booming market the previous year, sold more stock and recorded large gains. The market has not fared as well since then, leading to a sharp drop in capital gains tax revenue compared with last year. The Treasury Department likewise benefited from a spike in general tax collection, because surging inflation essentially pushed up nominal income for millions of households. Although the IRS indexes the tax code to inflation, it does so on a lag. Higher federal income tax brackets and standard deductions took effect at the beginning of 2023, essentially allowing more Americans to shield their income from the IRS. Social Security and Medicare are also indexed to inflation, meaning the government is spending more money on those programs than it did in fiscal year 2022. "But mostly what’s happening is it’s coming to the new normal, from an unusually low 2022 deficit," Goldwein said. "That’s pretty scary, because normal before the pandemic was $1 trillion. And in 2015, it was $500 billion. So we went from $500 billion is the normal, to $1 trillion is the normal, to $2 trillion is the normal in less than a decade." The figures exclude President Biden's $400 billion student loan cancellation plan, which was counted in the official 2022 deficit numbers but never implemented because the Supreme Court struck the policy down. Such massive spending imbalances highlight the toll that high and rising debt can take on everyday Americans. High deficits can fuel inflation, and high debt can push up interest rates. "Mortgage rates are as high as they’ve been since well before the financial crisis," Goldwein said. "Car loan rates, student loan rates, credit card rates, they’re all really high." The deficit surge comes as lawmakers rush to avert a government shutdown. The White House has urged Congress to pass a short-term funding measure, known as a continuing resolution, in order to keep the government solvent while lawmakers continue negotiations over longer-term funding bills. Senate Majority Leader Chuck Schumer, D-N.Y., and House Speaker Kevin McCarthy, R-Calif., have both said they want to pass a short-term deal to keep the government running. However, a group of House Republicans — the House Freedom Caucus — is demanding a number of concessions as part of the continuing resolution, raising the risk of more down-to-the-wire drama on Capitol Hill. https://www.washingtonexaminer.com/news/white-house/biden-mask-indoors-jill-biden-covid Biden to wear mask indoors after COVID-19 exposure President Joe Biden will don a mask indoors after he was exposed to COVID-19 through his wife, first lady Jill Biden, according to the White House. https://twitter.com/i/status/1699269260260823345 - Play Video Now, Studies have repeatedly shown masks don't prevent Covid transmission and might even have health consequences to wearers. - But I digress. Biden, who awarded the Medal of Honor to Army Capt. Larry Taylor for conspicuous gallantry on Tuesday, is expected to depart Thursday for India and the Group of 20 leaders summit. During the Medal of Honor ceremony, Biden took off his mask for his remarks and did not put it back on to hang the trinket around Taylor's neck or to leave the East Room. National security adviser Jake Sullivan downplayed the prospect that a presidential COVID-19 diagnosis would disrupt his foreign trip based on leaders' past experience social distancing during the pandemic. https://www.theblaze.com/news/75000-sia-illegal-border-crossings 75,000 illegal immigrants flagged as having possible ties to terrorism in the last year, according to CBP data U.S. Customs and Border Protection flagged approximately 75,000 illegal immigrants as being possible national security threats or having terroristic ties in the previous 10 months leading up to August 2023, the Daily Caller reported. CBP data showed that between October 2022 and August 2023, 74,904 illegal aliens were labeled as "SIA Encounters," which stands for "Special Interest Alien." According to a Department of Homeland Security article, an SIA is a "non-U.S. person" who potentially "poses a national security risk to the United States or its interests." "Often such individuals or groups are employing travel patterns known or evaluated to possibly have a nexus to terrorism. DHS analysis includes an examination of travel patterns, points of origin, and/or travel segments that are tied to current assessments of national and international threat environments," the DHS stated. "This does not mean that all SIAs are 'terrorists,'" the government report added. However, the travel and behavior of certain individuals "indicates a possible nexus to nefarious activity (including terrorism) and, at a minimum, provides indicators that necessitate heightened screening and further investigation." The unearthed numbers were a massive increase from the reported 25,627 special interest encounters from fiscal year 2022, and the comparably miniscule 3,675 from fiscal year 2021. Illegal immigrants can automatically be deemed SIAs based on their country of origin, such as Turkey or Uzbekistan, due to such countries' status as a "source and transit country." DHS didn’t respond to a request for comment from the Daily Caller regarding the SIA figures. CBP and the DHS are under heightened scrutiny as a result of the shocking increase in border crossing encounters under the Biden administration. A former immigration judge claimed in late August 2023 that the DHS was deliberately not disclosing the number of illegal immigrants who have been released into the United States each month. "The only reason why ICE and OFO [Office of Field Operations] would refuse to disclose that information is to hide the fact that it is releasing more than 100,000 aliens per month into the United States and to conceal the effects of those migrant releases on communities across the United States," Andrew Arthur said. Border encounters in fiscal year 2023 are on pace to match the near 2.4 million that were seen in 2022. There were just over 1.7 million encounters in 2021, while in 2020, President Trump's administration saw a little more than 450,000. https://townhall.com/tipsheet/leahbarkoukis/2023/09/05/ev-florida-n2627949#google_vignette Electric Vehicles Are Causing Issues After Hurricane Idalia Electric vehicles are catching on fire after Hurricane Idalia made landfall in Florida last week. According to local reports, at least two Tesla EVs ignited after saltwater from the storm surge damaged their batteries and other electrical components. One vehicle lit up in Pinellas Park and another car fire occurred in Palm Harbor. “Carfax says owners need to understand the fire risk doesn’t go away after their EV dries out,” ABC Actions News told viewers. “The salt water that is flooding can get into the battery and dry there and once it dries it creates what federal safety officials call bridges between cells and that can lead to fires and those fires can come anywhere from days to weeks later and once an EV catches fire it is incredible difficult to put it out,” said Patrick Olsen of Carfax. After Hurricane Ian, 21 electric vehicles caught fire in the state, prompting officials to warn residents ahead of Idalia's approach. “We saw a number of fires associated with EVs from Hurricane Ian. We know that the saltwater from storm surge can compromise these batteries, causing fires which cannot be easily suppressed,” Florida Chief Financial Officer Jimmy Patronis said at the time. “The best fire teams can do is keep water on the battery until the fuel burns out. If you’re evacuating and leaving an EV, or other lithium ion powered devices like scooters or golf carts in your garage, you’re creating a real fire threat for your home, your communities, and first responders," he added. "Take this threat seriously. If there’s even a small risk of your EV being impacted by storm surge, move it to higher ground before it’s too late.” One home that managed to survive Ian ended up burning to the ground because of a saltwater-damaged EV. EV vehicle owners are being advised to park affected cars at least 50 feet away from any structures that could catch fire.
Today we'll hit a couple of headlines before diving into the deep end of the Federal Budget with Marc Goldwein from the Committee for a Responsible Federal Budget. We'll talk about the latest outlook for Social Security, Debt and more. Then in hour two we'll be joined by State Senator Mike Shower to discuss state legislative business and other stuff.
Fitch Ratings Company has downgraded the U.S. government's credit rating... as they had warned. The rating dropped from AAA to AA+, and even though it's only dropped one notch, it is still a big move that triggered a negative response from the Biden administration. How will this downgrade affect our economy? Marc Goldwein from the Committee for a Responsible Federal Budget talks about the implications of this decision.See omnystudio.com/listener for privacy information.
Our nation has several financial challenges ahead. And whoever wins the 2024 election will have to deal with them. The Committee for a Responsible Federal Budget has begun a new project to analyze the fiscal impact of presidential candidates' proposed policies. Marc Goldwein breaks down what they're watching for and what challenges await the next administration.See omnystudio.com/listener for privacy information.
Marc Goldwein is the Senior Vice President and Senior Policy Director for the Committee for a Responsible Federal Budget. The Fiscal Responsibility Act Builds Momentum on Needed Deficit Reduction
On today's Macrocast, hosts Ylan, John, and Brendan are joined by Marc Goldwein, senior policy director at the Committee for a Responsible Federal Budget, to break down the debt ceiling deal and its implications for fiscal and monetary policy going forward. Plus, the group dives into this month's surprisingly strong jobs report. Does the Fed have one more hike in it, or will it finally let up? Read Penta's May Jobs Day fact sheet here.
In this episode, Dr. Jason Altmire talks with Marc Goldwein, the Senior Vice President and Senior Policy Director at the Committee for a Responsible Federal Budget, about the impact of student debt cancellation, the repayment pause, and the proposed income-driven repayment plan on students and the economy.Dr. Altmire and Marc delve into the equity of the Biden administration's student loan policies, the beneficiaries of the repayment pause and debt cancellation, and the potential drawbacks of the proposed income-driven repayment plan. Marc also shares his insights on the repercussions of deficits and long-term national debt.To learn more about Career Education Colleges & Universities, visit our website.
Bloomberg Washington Correspondent Joe Mathieu delivers insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe speaks with: Former Ambassador to India Tim Roemer on debt ceiling negotiations and what to expect from the upcoming meeting between President Biden and House Speaker Kevin McCarthy. Bloomberg Congressional Reporter Erik Wasson on the debt ceiling negotiations. Bloomberg Politics Contributor Jeanne Sheehan Zaino and Lisa Camooso Miller, former RNC Communications Director and Partner at Reset Public Affairs, on the debt ceiling and President Biden's approval rating. Bloomberg Congressional Reporter Steven Dennis on his conversation with Senate Minority Leader Mitch McConnell. Mick Mulvaney, Former-OMB Director, Former-US Special Envoy for Northern Ireland, and Former-Acting White House Chief of Staff, on the latest with the debt ceiling, jobs data, and the banking industry. Marc Goldwein, Senior Vice President and Senior Policy Director for the Committee for a Responsible Federal Budget, on the debt ceiling debate. Bloomberg International Economics and Policy Correspondent Michael McKee on the Fed lending survey. See omnystudio.com/listener for privacy information.
Marc Goldwein is the Senior Vice President and Senior Policy Director for the Committee for a Responsible Federal Budget. Marc Goldwein Testified yesterday Before House Education Subcommittee on Student Loans.
Marc Goldwein, Senior Vice President and Senior Policy Director for The Committee for a Responsible Federal Budget, joined WMAL's "O'Connor and Company" radio program to discuss the latest on debt ceiling negotiations, inflation, reforming Social Security and thoughts on the coming State of the Union. Website: https://www.crfb.org/ For more coverage on the issues that matter to you, visit www.WMAL.com, download the WMAL app or tune in live on WMAL-FM 105.9 FM from 5-9 AM ET. To join the conversation, check us out on Twitter: @WMALDC, @LarryOConnor, @Jgunlock, @patricepinkfile and @heatherhunterdc. See omnystudio.com/listener for privacy information.
In the fourth hour of the morning show, Larry O'Connor and Julie Gunlock talked to Marc Goldwein of The Committee for a Responsible Federal Budget and Rep. Matt Rosendale. They also discussed the Grammys and the passing of the iconic Melinda Dillard, known as "Ralphie's mom" in A Christmas Story. For more coverage on the issues that matter to you, visit www.WMAL.com, download the WMAL app or tune in live on WMAL-FM 105.9 FM from 5-9 AM ET. To join the conversation, check us out on Twitter: @WMALDC, @LarryOConnor, @Jgunlock, @patricepinkfile and @heatherhunterdc.See omnystudio.com/listener for privacy information.
Van and Rachel break down President Biden's Safer America Plan to fight violent crime (10:39), the latest news regarding Brittney Griner and a potential prisoner exchange (25:42), and Kyler Murray's contractually obligated study (50:38). Plus, Marc Goldwein, Senior Policy Director for the Committee for a Responsible Federal Budget, joins to discuss the Inflation Reduction Act (56:53). Hosts: Van Lathan and Rachel Lindsay Guest: Marc Goldwein Producer: Donnie Beacham Jr. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Van and Rachel react to R. Kelly's 30-year sentence and the "normalization" of his crimes (17:02), plus Ketanji Brown Jackson is officially sworn in (24:26) to the Supreme Court. They are then joined by Marc Goldwein, senior policy director for the Committee for a Responsible Federal Budget, to break down the current state of the U.S. economy (41:07). Host: Van Lathan and Rachel Lindsay Guest: Marc Goldwein Producers: Trudy Joseph and Donnie Beacham Jr. Learn more about your ad choices. Visit podcastchoices.com/adchoices
President Biden has indicated he will soon announce a decision on whether he will cancel $10,000 in student debt for college graduates. It's a decision being widely anticipated but also much debated over its scope and merits. Katherine Welbeck of the Student Borrower Protection Center and Marc Goldwein of the Committee for a Responsible Federal Budget join Amna Nawaz to discuss. PBS NewsHour is supported by - https://www.pbs.org/newshour/about/funders