Podcast appearances and mentions of victoria guida

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Best podcasts about victoria guida

Latest podcast episodes about victoria guida

POLITICO Playbook Audio Briefing
April 4, 2025: Tariffs tumble markets

POLITICO Playbook Audio Briefing

Play Episode Listen Later Apr 4, 2025 10:51


The major story today is still the economic after-effects of Trump's globe-reshaping cascade of new tariffs. Yesterday, they sent markets tumbling head over heels with major losses — the biggest one-day wipeout in value since the early days of the Covid-19 pandemic. POLITICO economics correspondent and Capital Letter columnist Victoria Guida joins Playbook Deputy Editor Zack Stanton to break it down. Plus, Playbook London reports that President Donald Trump could hold another phone call with Russian President Vladimir Putin as soon as today, and here in Washington, Capitol Hill is intently focused on the Senate's vote-a-rama session that's expected this weekend ahead of final adoption of the Senate GOP's budget resolution.

Banking With Interest
What the Hell is Going On? A Banker's Guide to D.C.

Banking With Interest

Play Episode Listen Later Feb 20, 2025 44:20


Victoria Guida of Politico and Brendan Pedersen of Punchbowl News sort through how and why the Trump administration is remaking banking regulation. Is the CFPB neutered for the next four years or maybe forever? Will the OCC take over the FDIC's exam functions? Why did big bank CEOs meet with the Senate Banking Committee? What's DOGE up to at Treasury?

What A Day
Inflation Is Up Again. What Does That Mean For Your Wallet?

What A Day

Play Episode Listen Later Feb 13, 2025 25:41


Inflation rose more than expected in January according to federal data released Wednesday, as the cost of things like groceries, housing and energy ticked up. While we're still only a few weeks into Donald Trump's second term, he did campaign on lowering prices for consumers on ‘Day 1,' a promise he and his team have been backing away from since his election victory. The new inflation data raises big questions about the state of the economy and the potential effects of Trump's policy plans to cut taxes, impose tariffs and slash the federal workforce. Victoria Guida, economics correspondent for Politico, helps us make sense of what's actually going on with the economy right now and what it all means for Trump. Later in the show, Crooked Media's climate correspondent Anya Zoledziowski talks about what's happening at the Environmental Protection Agency.And in headlines: Tulsi Gabbard is confirmed by the Senate and sworn in as the new director of national intelligence, Trump and Russian President Vladimir Putin discussed ways to end Russia's invasion of Ukraine over the phone (not on the call: Ukraine), and Georgia Republican Rep. Marjorie Taylor Green presided over the first meeting of the House DOGE Subcommittee.Show Notes:Check out Victoria's work – politico.com/staff/victoria-guidaSubscribe to the What A Day Newsletter – https://tinyurl.com/3kk4nyz8Support victims of the fire – votesaveamerica.com/reliefWhat A Day – YouTube – https://www.youtube.com/@whatadaypodcastFollow us on Instagram – https://www.instagram.com/crookedmedia/For a transcript of this episode, please visit crooked.com/whataday

POLITICO Playbook Audio Briefing
February 12, 2025: Dueling budgets and DOGE fights

POLITICO Playbook Audio Briefing

Play Episode Listen Later Feb 12, 2025 8:31


There's one thing dominating the discourse in Washington today: Money. Dueling Republican budgets face big days on Capitol Hill, new inflation numbers drop this morning and President Donald Trump could unleash his latest salvo of tariffs. Meanwhile, the economic world is bracing itself for the Bureau of Labor Statistics to come under scrutiny from Elon Musk and his DOGE team. Economic policy correspondent Victoria Guida joins Playbook deputy editor Zack Stanton to walk through it all.

C-SPAN Radio - Washington Today
Weekend Edition: President Trump's Use of Tariffs, Al Green (D-TX) Plans to Move Articles of Impeachment Against President Trump, and RFK Jr's Nomination to be HHS Secretary

C-SPAN Radio - Washington Today

Play Episode Listen Later Feb 8, 2025 34:29


In this weekend's episode, three segments from this past week's Washington Journal. First, a conversation with Politico Economics Correspondent, Victoria Guida about President Trump's threat – and use of tariffs – against Canada, Mexico and China. Then, Democratic Al Green of Texas discusses why he's planning to move articles of impeachment against President Trump – just weeks into the new administration. Finally – we speak with health care reform advocate Calley Means – an informal adviser to Robert F. Kennedy Jr. – about Kennedy's nomination to be H-H-S secretary - and the origins of the "Make America Healthy Again" movement. Learn more about your ad choices. Visit megaphone.fm/adchoices

Banking With Interest
The Massive Implications for Banks from the GOP's Sweeping Victory

Banking With Interest

Play Episode Listen Later Nov 13, 2024 43:45


With Republicans set to control the White House, Senate, and House next year, Victoria Guida of Politico and Brendan Pedersen of Punchbowl News dive into the implications for financial services companies. That includes what it means for the Fed, including whether President-elect Trump might try to oust Chair Jerome Powell, and what kinds of leaders will take the reins of the Congressional banking committees.

POLITICO Playbook Audio Briefing
August 16, 2024: ‘Kamalanomics' makes its debut

POLITICO Playbook Audio Briefing

Play Episode Listen Later Aug 16, 2024 10:02


Today, Kamala Harris is expected to unveil a range of economic policies taking aim at the cost of living — from groceries to housing to the care economy. While Donald Trump and allies appear poised to assail that agenda as “price controls,” Harris is betting that her proposals will connect with voters' as inflation and its effects continue to define the 2024 election. Economics correspondent Victoria Guida joins Playbook co-author Ryan Lizza to break it all down.

C-SPAN Radio - Washington Today
Former President Trump says Vice President Harris only recently 'became a Black person'

C-SPAN Radio - Washington Today

Play Episode Listen Later Jul 31, 2024 50:02


Republican Presidential nominee Donald Trump has a contentious interview at the National Association of Black Journalists convention in Chicago; Trump-ally Kari Lake wins Republican primary for U.S. Senate in Arizona and will face Rep. Ruben Gallego (D-AZ); interview with Politico's Victoria Guida on Federal Reserve holding interest rates steady, but signaling cuts may come soon (18); airstrike kills Hamas leader in Tehran, raising worries of wider Middle East war. Learn more about your ad choices. Visit megaphone.fm/adchoices

POLITICO Playbook Audio Briefing
March 11, 2024: What Biden's budget tells us about his priorities

POLITICO Playbook Audio Briefing

Play Episode Listen Later Mar 11, 2024 9:36


The budget President Biden is releasing today is through fiscal year 2025, potentially leading into Biden's second term if he is reelected. As economics reporter Victoria Guida tells Playbook co-author Eugene Daniels, it'll be an interesting look into what his policy priorities are going to be. Also today, the deteriorating relationship between Biden and Prime Minister Benjamin Netanyahu. Plus, the race for Senate Republican Conference Chair appears to have a new challenger. Playbook co-author Eugene Daniels interviews economics reporter Victoria Guida.

POLITICO's Pulse Check
Low-income workers scored in the Covid economy. But will their progress continue?

POLITICO's Pulse Check

Play Episode Listen Later May 31, 2023 7:14


A POLITICO analysis of data from the U.S. Labor Department shows that pandemic-era policies reversed the trend toward a widening income gap. But as the move away from those policies ends, that gain is threatened. So, what happens now? Host Ben Leonard talks with Victoria Guida about the labor economy and what the data shows about the health care sector.

Banking With Interest
Politico's Guida on Fed Tea Leaves, Vice Chair Pick and CBDCs

Banking With Interest

Play Episode Listen Later Mar 7, 2023 40:45


Victoria Guida, economic policy reporter for Politico, dives into what Fed officials are trying to tell markets—and why markets don't always appear to be taking the hint. She also tackles the latest names up to be the new Fed vice chair and whether Treasury secretly wants to create a central bank digital currency.

C-SPAN Radio - Washington Today
Fed Chair says interest rates likely to rise higher than previous target

C-SPAN Radio - Washington Today

Play Episode Listen Later Mar 7, 2023 51:45


Interview with Politico's Victoria Guida on Federal Reserve Chair Powell's testimony before the Senate Banking Committee (9), two Americans kidnapped in Mexico found dead & two others return home, Senators react to Fox News host Tucker Carlson's portrayal of January 6th attack on the U.S. Capitol, Gov. Ron DeSantis (R-FL) gives his State of the State Address. Learn more about your ad choices. Visit megaphone.fm/adchoices

POLITICO Playbook Audio Briefing
Feb. 14, 2023: Plan B talks on debt limit go underground

POLITICO Playbook Audio Briefing

Play Episode Listen Later Feb 14, 2023 8:15


“Pence to fight special counsel subpoena on Trump's 2020 election denial,” by Kyle Cheney and Josh Gerstein: Former VP Mike Pence “is set to argue that his former role as president of the Senate — therefore a member of the legislative branch — shields him from certain Justice Department demands. And the biggest subplot of the slowest-moving story In Washington — the partisan standoff over the federal debt ceiling — has so far centered on whether, absent a deal between President Joe Biden and Speaker Kevin McCarthy, moderate House Republicans might somehow band together with House Democrats to avoid a catastrophic default. The speculation has gone far enough to prompt several explainers about how it all might work — whether through a discharge petition or other obscure House procedures that could allow a bipartisan coalition to skirt conservatives' spending-cut demands. Plus, it's consumer price index day in DC, and once again, the economy faces an interesting conundrum. Economics reporter Victoria Guida breaks down what the Fed and the Biden administration are looking for.  Subscribe to the POLITICO Playbook newsletter Raghu Manavalan is the host and senior editor of POLITICO's Playbook Daily Briefing. Jenny Ament is the executive producer of POLITICO Audio.   

Macro Musings with David Beckworth
Victoria Guida on Developments at the Federal Reserve and in Financial Regulation

Macro Musings with David Beckworth

Play Episode Listen Later Jan 9, 2023 55:08


Victoria Guida is an economics reporter for Politico where she covers monetary policy and financial regulatory policy. Victoria is also a returning guest to Macro Musings, and she rejoins the podcast to talk about the big developments at the Fed and in the financial regulatory policy space in 2022 and what we can expect in 2023. Specifically, David and Victoria discuss personnel changes and trading scandals at the Fed, the debate surrounding Fed Master Accounts, how to improve the liquidity of the Treasury market, and a lot more.   Transcript for the episode can be found here.   Victoria's Politico profile Victoria's Twitter: @vtg2   David's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings   Click here for the latest Macro Musings episodes sent straight to your inbox! Check out our new Macro Musings merch here!   Related Links:   *Victoria Guida on the Politics of Monetary Policy* by the Macro Musings podcast

POLITICO Energy
Fed will begin climate-focused stress test in 2023

POLITICO Energy

Play Episode Listen Later Sep 9, 2022 8:31


On Wednesday, Federal Reserve regulatory czar Michael Barr announced that next year, the central bank will launch a pilot exercise that assesses how climate change might affect the nation's financial system. POLITICO's Victoria Guida breaks down the Fed's plan and how it fits into the Biden administration's climate agenda.   Josh Siegel is an energy reporter for POLITICO.  Victoria Guida is an economics reporter covering the Federal Reserve for POLITICO.  Nirmal Mulaikal is a POLITICO audio host-producer.  Raghu Manavalan is a senior editor for POLITICO audio. Jenny Ament is the executive producer of POLITICO's audio department.

POLITICO Energy
Gas prices have fallen. Will inflation follow?

POLITICO Energy

Play Episode Listen Later Aug 11, 2022 8:11


According to the latest data released from the Consumer Price Index, overall inflation didn't rise in July for the first time in more than two years, due to lower gas prices. POLITICO's Victoria Guida breaks down if falling gas prices will continue to be a trend and how the economy might look heading into the midterms.    Victoria Guida is an economics reporter for POLITICO. Josh Siegel is an energy reporter for POLITICO.  Nirmal Mulaikal is a POLITICO audio host-producer.  Raghu Manavalan is a senior editor for POLITICO audio. Jenny Ament is the executive producer of POLITICO's audio department.

Make Me Smart
Inflation: Nobody really knows what the what

Make Me Smart

Play Episode Listen Later Jun 21, 2022 33:55 Very Popular


Inflation is the economic story of the day. And, even though it’s been percolating for over a year, last week the inflation story kicked into high gear with the Federal Reserve making big moves to get rising prices under control. So what changed, exactly? For starters, a combination of reports showing the worse of inflation isn’t over and that consumers expect inflation to keep rising. “And so, that was one of the reasons why we saw the Fed do, a bigger rate hike than they were originally expecting, said Victoria Guida, who covers the Federal Reserve for Politico. “It wasn’t just because they wanted to get interest rates up faster, it was also sort of a message to the American public: ‘Hey, we’re really serious about getting inflation back down. So, you know, don’t get it into your heads that inflation is going to stay this high forever.'” On the show today: How the Fed miscalculated inflation, and why we may not know how well the Fed navigated this moment until years down the road. Plus, we’ll answer a couple of your inflation questions. Later, we’ll discuss how companies are responding to inflation and the scale of China’s surveillance state. Then, if you have a hard time remembering the weather in Celsius, a listener shares a hack that’ll make you sound smart in front of your friends. And an answer to the Make Me Smart question that has many of us nodding along. Here’s everything we talked about today: “Failure ‘not an option’: Fed vows all-out fight on inflation” from Politico “On Inflation, Economics Has Some Explaining to Do” from The Wall Street Journal “Recession-Fearing Bosses Quietly Abandon Open Jobs” from Bloomberg “China’s Surveillance State Is Growing. These Documents Reveal How.” from The New York Times “Greitens ‘RINO hunting’ ad gets attention and condemnation” from St. Louis Public Radio Join us tomorrow for Whaddya Wanna Know Wednesday. And if you’ve got a question you’d like us to answer in a future show, email us at makemesmart@marketplace.org or leave us a voice message at (508) 827-6278 or (508) U-B-SMART.

Marketplace All-in-One
Inflation: Nobody really knows what the what

Marketplace All-in-One

Play Episode Listen Later Jun 21, 2022 33:55


Inflation is the economic story of the day. And, even though it’s been percolating for over a year, last week the inflation story kicked into high gear with the Federal Reserve making big moves to get rising prices under control. So what changed, exactly? For starters, a combination of reports showing the worse of inflation isn’t over and that consumers expect inflation to keep rising. “And so, that was one of the reasons why we saw the Fed do, a bigger rate hike than they were originally expecting, said Victoria Guida, who covers the Federal Reserve for Politico. “It wasn’t just because they wanted to get interest rates up faster, it was also sort of a message to the American public: ‘Hey, we’re really serious about getting inflation back down. So, you know, don’t get it into your heads that inflation is going to stay this high forever.'” On the show today: How the Fed miscalculated inflation, and why we may not know how well the Fed navigated this moment until years down the road. Plus, we’ll answer a couple of your inflation questions. Later, we’ll discuss how companies are responding to inflation and the scale of China’s surveillance state. Then, if you have a hard time remembering the weather in Celsius, a listener shares a hack that’ll make you sound smart in front of your friends. And an answer to the Make Me Smart question that has many of us nodding along. Here’s everything we talked about today: “Failure ‘not an option’: Fed vows all-out fight on inflation” from Politico “On Inflation, Economics Has Some Explaining to Do” from The Wall Street Journal “Recession-Fearing Bosses Quietly Abandon Open Jobs” from Bloomberg “China’s Surveillance State Is Growing. These Documents Reveal How.” from The New York Times “Greitens ‘RINO hunting’ ad gets attention and condemnation” from St. Louis Public Radio Join us tomorrow for Whaddya Wanna Know Wednesday. And if you’ve got a question you’d like us to answer in a future show, email us at makemesmart@marketplace.org or leave us a voice message at (508) 827-6278 or (508) U-B-SMART.

POLITICO Dispatch
Recession vibes are swirling

POLITICO Dispatch

Play Episode Listen Later Jun 14, 2022 11:42


We are in a paradoxical economic moment. The economy is hot by certain metrics — unemployment, job openings, consumer demand — but inflation is way up, and soaring gas and grocery prices are driving the narrative. Victoria Guida reports.

POLITICO Energy
Why Biden can't get a climate-focused bank regulator confirmed

POLITICO Energy

Play Episode Listen Later Mar 30, 2022 7:52


More than a year into President Joe Biden's term, none of the government's major bank regulators have Senate-confirmed leaders. That's because some of Biden's nominees believe that financial regulators should have a major role in fighting climate change — a position rejected by Republican legislators. POLITICO's Victoria Guida explains.   Josh Siegel is an energy reporter for POLITICO.  Victoria Guida is an economics reporter for POLITICO. Nirmal Mulaikal is a POLITICO audio host-producer.  Carlos Prieto is an audio producer for POLITICO.  Raghu Manavalan is a senior editor for POLITICO audio. Jenny Ament is the executive producer of POLITICO's audio department.

HPS Macrocast
Macrocast Special Edition: Macrocast Live With Victoria Guida (Politico), Nathan Sheets (Citi), and Jim Pethokoukis (AEI)

HPS Macrocast

Play Episode Listen Later Mar 16, 2022 56:29


On the first edition of Macrocast Live, Tony, John, and Brendan are joined by three economic policy experts with decades of experience watching markets: Victoria Guida of Politico, Jim Pethokoukis of AEI, and Nathan Sheets of Citi. They discuss inflation dynamics, future Fed actions, and the impact of geopolitical turmoil on the global economy. This is an episode you do not want to miss!Show Notes:Jim's Substack: Faster, Please! Jim's Twitter: @JimPethokoukisVictoria's Twitter: @vtg2Victoria's Latest Work From PoliticoGuest BiographiesVictoria Guida: Economics reporter covering the Federal Reserve, Treasury, and broader economy for Politico. Victoria has spent her Washington career writing about bank regulations, monetary policy, and trade negotiations.Jim Pethokoukis: The Dewitt Wallace Fellow at the American Enterprise Institute, where he writes and edits the AEIdeas blog, hosts a weekly podcast, "Political Economy with James Pethokoukis," and writes the substack Faster, Please! Nathan Sheets: Citi's Global Chief Economist, where he oversees the global economics team and leads research across all areas of economics. During the Obama administration, Sheets served as Undersecretary of the U.S. Treasury for International Affairs. 

First Light
First Light - Friday, February 11, 2022

First Light

Play Episode Listen Later Feb 11, 2022 21:03


We tackle some very important issues on this edition of the show. Inflation - we'll dig into the latest numbers with Politico's Victoria Guida. Trade between the US and Canada amid the ongoing protests of truckers in Canada - we'll find out how it's affecting the auto industry with Glenn Stevens of MichAuto. And how many devices in your home still use 3G technology? Did you know very soon those devices will no longer work? Tom Kamber of AARP will tell you what needs to be checked and how soon you'll have to replace what might need to be replaced. See omnystudio.com/listener for privacy information.

POLITICO Dispatch
The hot economy is about to be put on ice

POLITICO Dispatch

Play Episode Listen Later Feb 2, 2022 14:24


President Joe Biden delivered a massive economic stimulus that sparked historic job growth — but is also a factor in why inflation is the highest it's been since the 80s. Now, he's counting on the Federal Reserve to come to the rescue as inflation eats up people's paychecks and feeds anxiety about the future. Victoria Guida reports.

joe biden economy victoria guida
Banking With Interest
What the Heck Happened at the FDIC?

Banking With Interest

Play Episode Listen Later Jan 18, 2022 55:37


FDIC Chair Jelena McWilliams unexpectedly announced recently that she is stepping down Feb. 4. What's behind this decision—and what does it mean for the independence of the FDIC and other banking regulators? Politico's Victoria Guida and American Banker's Brendan Pedersen explore the many facets of the FDIC's leadership battle.

Make Me Smart
The Fed, explained

Make Me Smart

Play Episode Listen Later Nov 23, 2021 32:53


By now, you’ve probably heard that Jerome Powell has been nominated to serve another four years as chair of the Federal Reserve, our nation’s central bank. As we talked about on the show Monday, the decision boiled down to a political calculus. But what does the Fed do anyway? And why do we need it? “The main reason why the Fed itself was created was because in the lead-up to 1913, which is when it was created, there were a bunch of bank runs. It was sort of every bank for itself back then, where banks would issue their own money. There wasn’t a central source of money printing. And so, if one bank maybe ran into trouble, people would run and pull their money out,” said Victoria Guida, who covers the Federal Reserve for Politico. So basically, the Fed is supposed to be there when things go wrong to maintain the health of our economy. But the Fed does a lot of other things, like control borrowing costs and regulate banks. On the show today, Guida explains the evolution of the Fed and how it touches the life of every person in this economy and may be making wealth inequality worse. In the News Fix, we stick with the theme of the day and highlight a story about why presidents shouldn’t mess with the independence of the central bank. Also, inflation is coming to a dollar store near you. Later, we’ll hear from a listener who is changing up his holiday shopping habits this year and talk Thanksgiving turducken-inspired cocktails! Here’s everything we talked about today: “Biden renames Powell to lead Fed, risking the left's wrath” Guida’s latest in Politico “Did the Federal Reserve make economic inequality worse?” from Marketplace “Turkish lira in historic 15% crash after Erdogan stokes fire sale” from Reuters “Dollar Tree hikes prices 25%. Most items will cost $1.25” from CNN We will be off the rest of the week for the holiday break. We are so grateful for our listeners and wish you a happy Thanksgiving!

Marketplace All-in-One
The Fed, explained

Marketplace All-in-One

Play Episode Listen Later Nov 23, 2021 32:53


By now, you’ve probably heard that Jerome Powell has been nominated to serve another four years as chair of the Federal Reserve, our nation’s central bank. As we talked about on the show Monday, the decision boiled down to a political calculus. But what does the Fed do anyway? And why do we need it? “The main reason why the Fed itself was created was because in the lead-up to 1913, which is when it was created, there were a bunch of bank runs. It was sort of every bank for itself back then, where banks would issue their own money. There wasn’t a central source of money printing. And so, if one bank maybe ran into trouble, people would run and pull their money out,” said Victoria Guida, who covers the Federal Reserve for Politico. So basically, the Fed is supposed to be there when things go wrong to maintain the health of our economy. But the Fed does a lot of other things, like control borrowing costs and regulate banks. On the show today, Guida explains the evolution of the Fed and how it touches the life of every person in this economy and may be making wealth inequality worse. In the News Fix, we stick with the theme of the day and highlight a story about why presidents shouldn’t mess with the independence of the central bank. Also, inflation is coming to a dollar store near you. Later, we’ll hear from a listener who is changing up his holiday shopping habits this year and talk Thanksgiving turducken-inspired cocktails! Here’s everything we talked about today: “Biden renames Powell to lead Fed, risking the left's wrath” Guida’s latest in Politico “Did the Federal Reserve make economic inequality worse?” from Marketplace “Turkish lira in historic 15% crash after Erdogan stokes fire sale” from Reuters “Dollar Tree hikes prices 25%. Most items will cost $1.25” from CNN We will be off the rest of the week for the holiday break. We are so grateful for our listeners and wish you a happy Thanksgiving!

The Reserve
11. Quarles Takes One Hat Off w/Victoria Guida

The Reserve

Play Episode Listen Later Oct 15, 2021 18:31


Fed Governor Randy Quarles' term as Fed VC for Supervision and Regulation ended this week, with no replacement nomination from Biden in sight. But this is just one of four major hats Quarles wears at the Fed. Fed reporter extraordinaire Victoria Guida joins the show to talk about what it all means and how this story is the perfect example of how strange the Fed's governance structure is. On Twitter: @vtg2, @KalebNygaard "Fed's bank cop loses top role as leadership shakeup looms"

POLITICO's Nerdcast
Regulating crypto: The $2 trillion Rubik's Cube

POLITICO's Nerdcast

Play Episode Listen Later Sep 24, 2021 27:03


Crypto trading! Bitcoin! Dogecoin! Stablecoin! Even if lawmakers don't understand blockchain, Capitol Hill is finally waking up to digital currency — Congress has introduced more than a dozen bills on crypto and blockchain this year alone — as  both sides of the aisle go head to head over the best way to regulate the $2 trillion market. Economics reporter Victoria Guida joins Playbook co-author Tara Palmeri to talk about lobbying around crypto and the time her dog ate her Bitcoin. Tara Palmeri is a Playbook co-author for POLITICO. Victoria Guida is an economics reporter at POLITICO.  Kristin Smith is Executive Director at Blockchain Association. Adrienne Hurst is a producer for POLITICO audio. Annie Rees is a producer for POLITICO audio. Jenny Ament is the senior producer for POLITICO audio. Irene Noguchi is the executive producer of POLITICO audio. We want to invite you to take our NEW listener survey — it helps us learn more about your interests and improve our content. What do YOU want to hear from Politico's podcasts? Let us know at https://bit.ly/3zgKB30

The Weeds
AMA time with Dylan, German, and Jerusalem

The Weeds

Play Episode Listen Later Sep 24, 2021 69:20


Dylan, German, and Jerusalem sit down to answer listener questions. In our first AMA episode of the post-Matt-Yglesias Weeds era, the trio discusses constitutional amendments, climate change, how we could fix global poverty, influential books, and more. Resources: Reasons and Persons by Derek Parfit Gang of Five: Leaders at the Center of the Conservative Ascendancy by Nina J. Easton The Collaborator: The Trial and Execution of Robert Brasillach by Alice Kaplan Night by Elie Wiesel The Cult of Pharmacology: How America Became the World's Most Troubled Drug Culture by Richard DeGrandpre Middlesex by Jeffrey Eugenides Cochrane The Journalist's Resource, the Shorenstein Center on Media, Politics and Public Policy Jim Tankersley, the New York Times (@jimtankersley) Victoria Guida, Politico (@vtg2) Eric Levitz, New York magazine (@ericlevitz)   Hosts: Dylan Matthews (@dylanmatt), senior correspondent, Vox Jerusalem Demsas (@JerusalemDemsas), policy reporter, Vox German Lopez (@germanrlopez), senior correspondent, Vox   Credits: Sofi LaLonde, producer and engineer Amber Hall, deputy editorial director, talk podcasts Sign up for The Weeds newsletter each Friday: vox.com/weeds-newsletter  Want to support The Weeds? Please consider making a donation to Vox: bit.ly/givepodcast Learn more about your ad choices. Visit podcastchoices.com/adchoices

POLITICO Dispatch
A kick in the Fed

POLITICO Dispatch

Play Episode Listen Later Sep 15, 2021 11:48


A group of progressive lawmakers is calling for President Biden to ditch Jerome Powell and nominate a new Federal Reserve Chair. POLITICO's Victoria Guida reports. Plus, the Treasury plans to release more rental assistance funds to prevent evictions. And the Justice Department announces a ban on no-knock entries and chokeholds. Victoria Guida covers economic policy for POLITICO. Jeremy Siegel is a host for POLITICO Dispatch. Irene Noguchi is the executive producer of POLITICO audio. Jenny Ament is the senior producer of POLITICO audio. Raghu Manavalan is a senior editor for POLITICO audio. Read more: Trump shattered tradition on Fed chair. Some Dems want Biden to do the same. Subscribe to the Global Insider podcast.

POLITICO Dispatch
Is the Fed fueling a financial bubble?

POLITICO Dispatch

Play Episode Listen Later Jul 27, 2021 12:11


Lawmakers and experts are sounding the alarm. So why is the central bank still pumping cash into the economy? POLITICO's Victoria Guida reports. Plus, longtime Trump ally Tom Barrack pleads not guilty to charges that he acted as a foreign agent. And the Biden administration says long Covid can be considered a disability under law. Victoria Guida covers economic policy for POLITICO. Jeremy Siegel is a host for POLITICO Dispatch. Irene Noguchi is the executive producer of POLITICO audio. Jenny Ament is the senior producer of POLITICO audio. Raghu Manavalan is a senior editor for POLITICO audio. Read more: Fed weighs curbing cash machine as critics warn of housing, stock bubble

POLITICO Dispatch
Don’t freak out about inflation … yet.

POLITICO Dispatch

Play Episode Listen Later May 14, 2021 12:21


Sure, prices are up. But it makes sense, given all the excitement about reopening. POLITICO’s Victoria Guida breaks down why you shouldn’t worry too much about inflation — at least not yet. Plus, masks are off at the White House. And a government watchdog says HUD Secretary Marcia Fudge violated the Hatch Act earlier this year. Victoria Guida covers economic policy for POLITICO. Jeremy Siegel is a host for POLITICO Dispatch. Irene Noguchi is the executive producer of POLITICO audio. Jenny Ament is the senior producer of POLITICO audio.

Digital Dollar
#32 Victoria Guida, Financial Services Reporter at Politico

Digital Dollar

Play Episode Listen Later Feb 3, 2021 62:20


Jonathan and Michael are joined by Victoria Guida, Financial Services Reporter at Politico in Washington D.C., where she covers monetary policy and regulatory news in the banking sector, with a particular focus on the Federal Reserve, FDIC and OCC. In this session, they cover the latest in legal policy smoke signals from the new Biden administration. In particular, the implications of the GameStop GME and Robinhood, trading broker situation with organized retail investors taking on Wall Street and the markets. How will this play out from a regulatory standpoint? Listen in! Follow Victoria on Twitter @vtg2 ABOUT DIGITAL DOLLAR SUBSCRIBE TO THE EMAIL INBOX UPDATES! https://digitaldollar.substack.com For more information about our sponsor, visit https://10xts.com for digital asset compliance solutions for financial services and capital markets. Follow us on Twitter @GoDigitalDollar --- Send in a voice message: https://anchor.fm/digitaldollar/message

POLITICO Dispatch
How to save the coronavirus economy

POLITICO Dispatch

Play Episode Listen Later Feb 1, 2021 12:52


President Biden wants $1.9 trillion. Republicans want a lot less. POLITICO’s Victoria Guida breaks down what would really save the Covid economy —  and why we shouldn’t care too much about the price tag … for now. Plus, Blinken condemns Russia for arresting protestors. And a new CDC rule requiring travelers to wear face masks takes effect later today. Victoria Guida covers economic policy for POLITICO. Jeremy Siegel is a host for POLITICO Dispatch. Irene Noguchi is the executive producer of POLITICO audio. Jenny Ament is the senior producer of POLITICO audio. Read more:  Biden agrees to meeting with GOP senators on Covid relief Wall Street shrugs at Washington’s debt pileup

Finance Rewired
Election 2020: What does it mean for fintech?

Finance Rewired

Play Episode Listen Later Nov 2, 2020 44:42


A special election episode of Finance Rewired this week featuring insights and predictions from Lydia Beyoud of Bloomberg Law, Victoria Guida of Politico, and Jim Saksa of CQ. They speak with John Collins about the state of the race, what a Biden cabinet might look like, and how the election’s results may affect the financial services and fintech industries. Host John Collins (@JohnCollins) is a partner at FS Vector, a Washington, D.C. based fintech advisory firm. Visit fsvector.com for more information. This episode was engineered by Max Nordby at Astroligator.

POLITICO's Nerdcast
Trump stock market soars — and wealthy reap gains

POLITICO's Nerdcast

Play Episode Listen Later Oct 9, 2020 24:59


President Donald Trump regularly promotes the soaring stock market as a barometer of the economy's health. But the wealthiest 1 percent of Americans own 50 percent of the value of stocks held by individual households — and investors aren’t sharing the wealth. POLITICO's Victoria Guida explains how this gap is fueling an increasingly lopsided economic recovery. Scott Bland is the host of Nerdcast and a politics editor at POLITICO. Victoria Guida **** is a financial services reporter for POLITICO. Adrienne Hurst is an associate producer for POLITICO audio.  Jenny Ament is a senior producer for POLITICO audio.  Irene Noguchi is the executive producer of POLITICO audio.

Bright Ideas
Dynamics of the 2020 Economic Policy Landscape

Bright Ideas

Play Episode Listen Later Oct 7, 2020 41:08


On this episode of Bright Ideas, Michael Bright sits down with Politico reporter Victoria Guida to analyze the dynamics of the Fed, Treasury, and OCC and the implications of their policy positions, and to discuss what it's like covering policy substance during one of the strangest years in our lifetimes.

Congressional Dish
CD219: Oversights of CARES

Congressional Dish

Play Episode Listen Later Aug 16, 2020 106:30


COVID still rages, CARES Act provisions have expired, and Congress is on another vacation. In this episode, by piecing together information discovered in six CARES Act oversight hearings, find out what problems weren’t solved by the CARES Act, what happened to the CARES Act money, and get an idea of what is possible in the next COVID relief bill... If there is one. Please Support Congressional Dish – Quick Links Click here to contribute monthly or a lump sum via PayPal Click here to support Congressional Dish via Patreon (donations per episode) Send Zelle payments to: Donation@congressionaldish.com Send Venmo payments to: @Jennifer-Briney Send Cash App payments to: $CongressionalDish or Donation@congressionaldish.com Use your bank’s online bill pay function to mail contributions to: 5753 Hwy 85 North, Number 4576, Crestview, FL 32536 Please make checks payable to Congressional Dish Thank you for supporting truly independent media! Recommended Episodes CD213: CARES Act - The Trillions for COVID-19 Law, Listen on Spotify CD201: WTF is the Federal Reserve?, Listen on Spotify Bills H.R. 266: Paycheck Protection Program and Health Care Enhancement Act Signed April 24, 2020. Doubled the Paycheck Protection Program H.R. 7010: Paycheck Protection Program Flexibility Act of 2020 Books Homewreckers: How a Gang of Wall Street Kingpins, Hedge Fund Magnates, Crooked Banks, and Vulture Capitalists Suckered Millions Out of Their Homes and Demolished the American Dream By Aaron Glantz, October 15, 2019 Articles/Documents Article: Unsanitized: The Fed Can Still Save State and Local Governments By David Dayen, The American Prospect, August 13, 2020 Article: Commercial Properties’ Ability to Repay Mortgages Was Overstated, Study Finds By Cezary Podkul, The Wall Street Journal, August 11, 2020 Article: Unsanitized: Trump Orders Up a Poor Substitute for COVID Relief By David Dayen, The American Prospect, August 10, 2020 Article: California vows to fix coronavirus reporting system amid huge backlog of unreported tests By Taryn Luna, Los Angeles Times, August 7, 2020 Article: Tax Reform Act of 1986 By Julia Kagan, Investopedia, July 31, 2020 Article: COVID-19 Hospital Data System That Bypasses CDC Plagued By Delays, Inaccuracies By Pien Huang and Selena Simmons-Duffin, npr, July 31, 2020 Article: PPP was intended to keep employees on the payroll. Workers at some big companies have yet to be rehired. By Peter Whoriskey, The Washington Post, July 27, 2020 Article: Nancy Pelosi’s election challenger says she’s not progressive enough. She’s ignoring him By Joe Garofoli, San Francisco Chronicle, July 14, 2020 Article: The PPP worked how it was supposed to. That’s the problem. By Emily Stewart, recode, July 13, 2020 Article: States need money. The Fed has it. Politics may be an obstacle By Jim Saksa, Roll Call, June 26, 2020 Article: “The Fed Is the Huge Babysitter in the Room”: How the Federal Reserve Enabled a Coronavirus Junk Bond Boom By Jessica Camille Aguirre, Vanity Fair, June 26, 2020 Article: USA: Ex-employee sues Amazon for alleged wrongful termination related to protesting lack of coronavirus safety measures By Monica Nickelsburg, Geek Wire, Business & Human Rights Resource Centre, May 20, 2020 Article: Amazon reportedly says California's expanded coronavirus sick leave policy doesn't cover its warehouse workers By Isaac Scher, Business Insider, May 20, 2020 Article: Fed Makes Initial Purchases in Its First Corporate Debt Buying Program By Jeanna Smialek, The New York Times, May 12, 2020 Article: Walmart workers will call out of work, use tracker to protect themselves from COVID-19 By Charisse Jones, USA Today, April 29, 2020 Article: Sen. Loeffler, CEO husband reportedly made options trades often used as hedges against volatility By Thomas Franck, CNBC, April 3, 2020 Article: NANCY PELOSI TO RECEIVE FIRST GENUINE LEFT-WING CHALLENGE IN 30 YEARS By Lee Fang, The Intercept, March 4, 2020 Article: Voices CECL standard expected to make a major impact By Jonathan Jacobs, Jennifer Press, John Schrader, Accounting Today, November 12, 2019 Article: Everything’s Fine Until Suddenly it Isn’t: How a “Leveraged Loan” Blows Up by Yves Smith, naked capitalism, July 18, 2019 Article: Dianne Feinstein’s Billionaire Husband and His Love Affair With Israel by Judy Maltz, Haaretz, June 19, 2019 Article: DID STEVEN MNUCHIN HELP HIS COLLEGE ROOMMATE STEAL $2 BILLION? by Bess Levin, Vanity Fair, May 23, 2019 Article: Sears sues Mnuchin alongside former CEO for alleged multibillion-dollar theft by Victoria Guida, Politico, April 18, 2019 Article: Private Equity Takes Fire as Some Retailers Struggle by Lillian Rizzo, The Wall Street Journal, July 30, 2017 Article: Blum and Doom by Peter Byrne, Bohemian, February 8, 2017 Article: TREASURY PICK STEVE MNUCHIN DENIES IT, BUT VICTIMS DESCRIBE HIS BANK AS A FORECLOSURE MACHINE by David Dayen, The Intercept, January 19, 2017 Article: “FORECLOSURE KING” STEVEN MNUCHIN DOESN’T APPRECIATE HIS TOTALLY ACCURATE NICKNAME by Bess Levin, Vanity Fair, January 18, 2017 Article: TREASURY NOMINEE STEVE MNUCHIN’S BANK ACCUSED OF “WIDESPREAD MISCONDUCT” IN LEAKED MEMO by David Dayen, The Intercept, January 3, 2017 Article: The Greatest Threat to Campus Free Speech is Coming From Dianne Feinstein and her Military-Contractor Husband by Glenn Greenwald, The Intercept, September 25, 2015 Article: GOVERNMENT SAYS COMPANY PART-OWNED BY FEINSTEIN’S HUSBAND ABUSES POST OFFICE CONTRACT by David Dayen, The Intercept, May 5, 2015 Article: Judge Cancels $525K in Mortgage Debt, Blasts Bank’s ‘Shocking and Repulsive’ Acts by DEBRA CASSENS WEISS, ABA Journal, November 30, 2009 Additional Resources Report: Paycheck Protection Program (PPP) Report, Small Business Administration, 2020 Homepage: Shahid Buttar for Congress CA-12, 2020 Sound Clip Sources Hearing: Main Street Lending Program, CONGRESSIONAL OVERSIGHT COMMISSION, August 7, 2020 Watch on YouTube Witnesess: Eric Rosengren - President and Chief Executive Officer of the Federal Reserve Bank of Boston Gwen Mills - Secretary Treasurer of Unite Here Lauren Anderson - Senior Vice President & Associate General Counsel of the Bank Policy Institute Transcript: 03:20 Bharat Ramamurti: Four months ago, Congress gave the Treasury Department half a trillion dollars to stabilize the economy. The Treasury quickly pledged 75 billion of those dollars to the Federal Reserve's Main Street lending program for small and mid sized companies. After taking three months to set up the program, the Fed has now been operating it for about a month. In that time, it has supported only 18 loans for a total of $104 million. That is 0.017% of the $600 billion lending capacity that the Fed touted for the program in April. 10:20 Eric Rosengren: Main Street program is designed to facilitate lending to small and medium sized businesses and nonprofits that have suffered disruptions and provides credit support for entities that have temporary cash flow problems due to the pandemic, and that given the uncertain outlook may have difficulty obtaining credit. It can provide a bridge as loans have no interest or principal payments in the first year and no principal payments until year three. 11:15 Eric Rosengren: Mainstreet relies on lenders to underwrite loans and keep skin in the game by banks retaining 5% of the loan. 16:07 Eric Rosengren: This facility is very different than some of the other traditional kinds of facilities that central banks operate during a time of crisis. So most of our facilities operate through markets, market securities, you can purchase them very easily through the market. They clear usually in a couple days depending on the security. So it's relatively easy to quickly purchase a large number of securities and hold those securities over time. This facility is a facility we didn't have during the financial crisis, and really tries to get to a different segment of the population, which is those businesses that are bigger than the PPP program was designed for and smaller than what the corporate facilities are designed for. 22:05 Bharat Ramamurti: This program has been a failure, and the basic reason for that is that the Fed can only offer loans. The data show that companies, even distressed companies aren't looking for loans. 24:17 Bharat Ramamurti: By law, the Fed can only support loans and more loans are not the answer here for most companies. And this is a giant hole in our economic response to the crisis. Congress helps small businesses through the PPP, Congress help large companies that are big enough to issue bonds by empowering the Fed to purchase corporate bonds and reduce the cost of borrowing. But the only thing that the government has offered all these companies in between is the Main Street program and it's just not working. And these mid sized companies employ 45 million people and represent a third of private sector GDP. So look, I don't think continuing to tweak this program is going to work. I think Congress needs to act to provide direct support to mid sized firms and for that money to come with real strings attached to the money that benefits working people. Thank you, Mr. Chairman. 45:45 Bharat Ramamurti: The first version of the Mainstreet program required companies to say in writing that they needed the loan quote, due to the exigent circumstances presented by the covid 19 pandemic. Advocates for the oil and gas industry pushed to eliminate that requirement, presumably because many oil and gas firms were struggling before COVID and couldn't satisfy the requirement. And again in the final version, the Fed eliminated that requirement. President Rosengren again, out of the more than 2000 public comments that the Fed received, are you aware of a single one outside the oil and gas industry that requested that the Fed remove this important requirement? Eric Rosengren: In the discussions I've been involved in, we do not discuss specific industries, we discuss how we can provide a broad based financing scheme. Bharat Ramamurti: Okay. Again, I appreciate that. But again, I reviewed the public comments and there wasn't a single one that requested this change, only the oil and gas lobby had requested. 47:25 Bharat Ramamurti: It's not supposed to be changing the rules of these programs so that the President's favorite companies can get access to billions of dollars in public money. In fact, it is illegal for the Fed to structure these lending programs to help specific companies avoid bankruptcy. I urge this commission to further investigate this issue, including by requesting all communications on this topic between the Fed and the Energy Secretary, the Treasury Secretary and any representatives of the oil and gas industry. 1:13:40 Gwen Mills: My name is Gwen Mills. I'm Secretary Treasurer of the hospitality union, Unite Here. Well, I will focus on our members experiences. The recommendations I make are supported by the AFLCIO representing 55 National unions and 12 million workers. Our 300,000 members work primarily in hotel, casino, food service and airline catering industries, all sectors that are heavily dependent upon travel and tourism, before the cares act became law 90% of our members were laid off. Today, 85% remain unemployed. 1:14:40 Gwen Mills: At the heart is the question of requiring employers to maintain employment as a condition of federal assistance. The Main Street lending program requires only commercially reasonable efforts to maintain employees in spite of clear congressional intent. Treasury and the Federal Reserve said they will not enforce even that. 1:15:03 Gwen Mills: We've seen how powerful lobbyists transform the paycheck protection and payroll support programs into subsidies for real estate investors. We've identified 200 outlets where we have members that received PPP loans, and they haven't protected paychecks or healthcare. One company, Omni hotels, received 34 PPP loans worth at least $53 million. Meanwhile, Omni hotels in Boston, Providence and New Haven were shut down in March and is unclear when they will reopen. In Providence, the company then cut off medical benefits in violation of their union agreement. There are many similar stories, what they reveal is how a powerful industry turned to program designed to keep workers on payroll into one that could keep hotel owners current on their mortgages. 1:16:45 Gwen Mills: Lobbyists claim if the Fed doesn't rescue CMBS borrowers hotels will default and workers won't have jobs to come back to. But that is not our experience. And this isn't the first time hotel owners got themselves in trouble using these inflexible loans. After the financial crisis, there were scores of defaults across the country. But defaults and foreclosures didn't lead to closed hotels. Hotel workers who were used to seeing absentee owners come and go understand that jobs are driven by occupancy and only ending the pandemic can fix that. 1:18:05 Gwen Mills: Program designers at the Fed take the CARES Act mandate to heart. What if credit terms were loosened, so long as, and here's the important part, so long as there were airtight requirements, not incentives, not recommendations, but requirements that recipients keep workers on payroll, and is what the PPP could have done if it hadn't been hijacked by the real estate industry. 1:26:10 Bharat Ramamurti: In your experience and the experience of your members, does providing financial support to businesses help workers without express and enforceable requirements, that businesses actually use that aid to support workers. Gwen Mills: No. Time and again, in many different programs, without enforceable requirements, support to businesses doesn't help workers. Bharat Ramamurti: So of the $500 billion that Congress gave to the Treasury, in the CARES Act in March, there's currently more than $200 billion sitting unused and uncommitted. If you were to use that money to develop a program that would be most helpful to your members, what would you do with it? Gwen Mills: The two things that matter are healthcare and wages. So we would fund Cobra payments so that we could continue health care and then give direct support to workers. Bharat Ramamurti: And thank you. And one final question about this. Did the Treasury Department ever reach out to your union as it was designing this lending program that was ostensibly about helping workers? Gwen Mills: No. 1:28:45 Gwen Mills: Our great concern about the Main Street lending program is that the hotel industry is seeking changes so that they can use the program to pay their CMBS mortgages. 1:30:30 Rep. Donna Shalala (FL): The main street lending program, banks employ their own underwriting standards to loan applications. Does that mean that banks are making loans under the program that they would have made any way absent the Fed program? And if so, is the mainstream lending program providing any benefit to borrowers at all? Lauren Anderson: Thank you for your question. In terms of the loans that are being made, I think they're quite specific in terms of the circumstances because you're absolutely right, a borrower who can meet a bank's basic underwriting standards is typically finding out that there is a product that is more suited to them, given their credit needs, so for example, maybe a term loan really is not what they need, and they really need something more like a flexible working capital facility. So our banks are actually, many times finding better solutions for these borrowers when they inquire about the program. 1:44:15 Rep. French Hill (AR): Owners of CMBS securities are mostly pension funds and people's retirement accounts. And so they're all benefited by trying to get capital into the industry and get people hired back and reopened. 1:48:40 Bharat Ramamurti: I think just to sum up quickly, I think we've actually seen a remarkable consensus emerge at this hearing, which is that the main street program as is currently designed is failing. And the representative of the banking industry told us that we aren't seeing meaningful demand for loans right now from their clients. The representative of small and mid sized businesses told us that the program wouldn't help his members as is currently designed, and Miss Mills representing hundreds of thousands of workers told us that the main street program hasn't helped a single worker and isn't likely to. I don't question the hard work of President Rosengren and the Fed staff, but more loans are not going to solve this crisis. Struggling small and mid sized companies can't take on more debt right now. So the only tool in the Feds belt is the wrong one. This program was given $75 billion and months to succeed. It didn't and it can't. It's time to stop tinkering around the edges with adjustments to loan eligibility and loan terms when the fundamental problem is with the nature of the loans themselves. It's time for Congress to step back in so that we can actually save small and mid sized businesses and when it does needs to tie the assistance to meaningful enforceable protections for workers and not just hand money to executives and trust them to take care of workers interests. Thank you Mr. Chair. 1:50:45 Gwen Mills: The extension of the the wages that the congressman mentioned has been appreciated, although it is now ending. That is problematic. But there has not been an extension of healthcare, so and even in a case where we have some healthcare negotiated companies like the fountain blue gun, are not abiding by that. Interview: Trump: Coronavirus is "under control", Axios, HBO, August 4, 2020 Hearing: Oversight of the Small Business Administration and Department of Treasury Pandemic Programs, House Committee on Small Business, July 17, 2020 Watch on YouTube Witnesess: Steven Mnuchin - Treasury Secretary Transcript: 41:25 Steven Mnuchin: I think this time we need to have a revenue test and make sure that money is going to businesses that have significant revenue declines. 1:07:35 Steven Mnuchin: If there were financial conditions that states had coming into this, it's not the federal government's role to bail them out of that. Now we have through Main Street, excuse me through the Fed facilities, we have provided lending facilities to the states and municipalities. But the issue of taxing authority... The federal government has taxing authority and the states have taxing authority. So where there are lost revenues, I think there is a fairness issue of how those get allocated across the country. Hearing: Protecting Homeowners During the Pandemic: Oversight of Mortgage Servicers’ Implementation of the CARES Act, House Committee on Financial Services: Subcommittee on Oversight and Investigations, July 16, 2020 Watch on YouTube Witnesess: Marcia Griffin - Founder and President of Homefree-USA Donnell Williams - President, National Association of Real Estate Brokers Alys Cohen - Staff Attorney, National Consumer Law Center Transcript: 25:55 Marcia Griffin: Tons of counselors assist homeowners who are improperly denied a forbearance. We have. We have seen a troubling concentration of this issue with veteran loans. We're also seeing homeowners who may have recently completed a loan application they've also been denied a borrowers who have just missed a payment in March or February, they've also been denied. 26:35 Marcia Griffin: There is a frustratingly large number of homeowners who are unemployed but are still being told that lump sum payments are due at the end of the forbearance. 43:45 Donnell Williams: You also need to have data collection. Services need to supply this information, this data to the CFPB and to Congress. I just had a borrower in Irvington, New Jersey, another one in Orange Township, New Jersey, tell me that their servicemen, like Congressman Green, say that they only gave them three months and that the whole balance will be due in 90 days. Marcia Griffin: Well, let me stop you, do you think we should have penalties for some servicers who violate the law that we have in the Heroes Act and would require a lump sum payments like that? Donnell Williams: I do believe so. Because they're roadblocking, they're stopping, clogging it up so that we can have progress. 51:30 Alys Cohen: Well, in terms of the complaints that you're hearing, we do have some good protections in the cares Act and the federal regulators really need to step up their game and do much greater oversight of the servicers. In terms of the CFPB, they appear to spend most of their time relaxing regulations for servicers and providing advice for homeowners. So homeowners need our protection. 1:04:35 Alys Cohen: What we've saw in the last crisis and what we continue to see is that as you said, Mr. Lynch, servicers on private mortgages are beholden to the guidelines from the investors. And so what we'd like to see is a safe harbor for mortgage servicers from investor liability, so that they can provide loan modifications along the lines that the GSCs and FHA and the other government agencies can provide. Hearing: Promoting Economic Recovery: Examining Capital Markets and Worker Protections in the COVID-19 Era, House Committee on Financial Services, Subcommittee on Investor Protection, Entrepreneurship and Capital Markets, July 14, 2020 Watch on YouTube Witnesess: Dr. William Spriggs - Chief Economist at the AFL-CIO and Professor of Economics at Howard University Neil Bradley - Executive Vice President and Chief of Policy Officer at the US Chamber of Commerce Transcript: 38:45 Dr. William Spriggs: Workers do not have the sense that they have sick leave or the assurance that their employers will support them if they are sick. We see a very frightening share of women who show up to work and report that they have symptoms because they fear losing their job. 40:10 Dr. William Spriggs: It is vital for Congress to monitor money given to corporations under COVID, to make sure that workers are safe, that they will not face retaliation if they complain about safety, that they have sick leave so that they can report illness and stay home and not infect other workers. This is vital for the economy. It's vital to be prudent about the money that we are sending to these companies. We're not going to win this economic war until we win the war against the disease. 46:40 Rep. Brad Sherman (CA): I do want to comment about the importance of sick leave. We should be providing sick leave so people can stay home if they're sick, kids are sick. That's critical to getting this disease under control. We cannot limit that requirement only to those employers who feel generous. We can't limit it to only to those employers who are between 50 employees and 500 employees, as presently as now. And while we should require it of those who get money pursuant to these facilities, it auto glide all employers even those that are not borrowing from the federal government. 54:55 Neil Bradley: With respect to individuals, the $600 was implemented because of the need for speed. We know as a general principle, you should not pay more for someone to not work and you pay them to work that creates distortions in the labor market. President Obama's head of the Council of Economic Advisers is former NSC director has joined on a bipartisan basis with officials from the Bush administration suggesting a much better approach, one we endorse it the US Chamber to target unemployment benefits much more closely to what an individual earned when they were working. It shouldn't be true that you earn more but you also shouldn't earn substantially less. 2:11:25 Rep. Alexandria Ocasio-Cortez: As an investor when you invest in a riskier venture, would it be fair to say that an investor investing in that risky venture would be compensated with a higher return of risk? Because of the risk associated with that financial instrument correctly? Dr. Camille Bussett: Generally, that is that is correct. Rep. Alexandria Ocasio-Cortez: And now, is that same kind of compensation true for workers, in that are workers that are risking their lives, in meatpacking grocery stores, are there are they being paid? What is their compensation look like? Or do you see hazard pay, which is supposed to be a form of compensation for risk, a norm in your view. Dr. Camille Bussett: So low wage workers particularly they said work in the US industries that you mentioned and thank you for the question. Congress, woman Ocasio-Cortez are consistently paid very low wages for these kinds of essential jobs that put meat, poultry and vegetables on our table. That has not changed during the pandemic Rep. Alexandria Ocasio-Cortez: And so in your assessment, hazard pay is not the norm. Dr. Camille Bussett: Hazard pay is not the norm. There have been some corporations which have added some hazard pay and then have since the economy has started to reopen, and various states have rescinded that. Rep. Alexandria Ocasio-Cortez: So, really compensation for risk. It's not that all people in our economy are compensated for risk just that a certain narrow class is compensated for risk of capital but not necessarily risk of life. Hearing: Oversight of the Treasury Department's and Federal Reserve's Pandemic Response, House Committee on Financial Services, June 30, 2020 Watch on YouTube Witnesess: Steven Mnuchin, Treasury Secretary Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System Transcript: 21:20 Steven Mnuchin: The cares act also granted Treasury the authority to provide 454 billion to support Federal Reserve lending facilities under Section 13-3. Since March 17, using funds available, I have approved a number of Federal Reserve programs. The commercial paper program, primary dealer program, the money market mutual program, the primary market corporate credit facility, the secondary facility, the main street facility, municipal facility and the PPP lending facility. We've committed approximately 200 billion and to support these the announcements of these programs have helped unlock markets and promote much needed access to liquidity. We have over 250 billion remaining to create or expand programs as needed. 25:40 Jerome Powell: After lowering the federal funds rate to essentially zero. Our actions so far fall into four categories, stabilizing Treasury and agency MBS markets, money market and liquidity, liquidity and funding measures, direct efforts to support the flow of credit in the economy and targeted regulatory measures to support those efforts. 26:10 Jerome Powell: Without access to credit, families could be forced to cut back on necessities or even lose their homes. Businesses could be forced to downsize or close resulting in further losses of jobs and incomes and worsening the downturn. 37:35 Rep. Carolyn B. Maloney (NY): Secretary Mnuchin, I'd like to ask you about a very troubling oversight issue. As you know, I'm the Chair now of the Oversight Committee and I take these matters very seriously, and I hope that you do too. In the CARES Act, we created the Pandemic Response Accountability Committee, or PRAC, which is a committee of independent inspectors general that is charged with overseeing all of the money spent in the CARES Act, and identifying waste, fraud and abuse. Last month, the General Counsel's Office in Treasury issued a legal opinion that questioned PRAC's authority to oversee trillions of dollars of CARES Act spending. To put it bluntly, this legal analysis is so bad that it borders on bad faith. The opinion claimed that no evidence that Congress did not intend for the PRAC to have oversight authority over anything and the first half of the CARES Act, including the PPP program, and any of the fed's lending facilities are the 150 billion in funding for state and local governments. So I would say Secretary Mnuchin, that this interpretation is wrong, that it is just plain wrong. Senator Gary Peters and I proposed and authored this section of the law, the PRAC Act, and I was heavily involved in negotiating those provisions in the CARES Act. And I'm telling you that Congress's intent was for the PRAC to oversee all of the spending in the CARES Act, not just one half of the CARES Act, but all of it. That was our intent. And that was what the bill said explicitly. The interpretation from your general counsel's office is already causing problems, because it's hindering the practability to monitor how the states are spending their cares act money. So now Secretary Mnuchin, I would say that we have worked very productively together and in good faith negotiations on the Beneficial Ownership bill and, and other bills before Congress. So I hope that you'll take my concerns about this erroneous legal opinion seriously. And so this is what I would like to ask today. I'd like you to commit to interpreting this section of the CARES Act as Congress intended, with the PRAC's oversight authorities applying to all of the cares act spending. I think this is a small step, but a very important one that you can take to show that you're serious about the oversight of the trillions of dollars in the CARES Act. Steven Mnuchin: Well, thank you. And I appreciate your comments. And I assure you, we are very much committed to working with the Oversight Committees on transparency. Now, as it relates to this, I can assure you it was not in bad faith. I'm happy to have our office follow up with you. It has to do with a technical issue of recipients reporting as it relates to the issue of monitoring state spending, I'm more than happy to put the PRAC in touch with our Inspector General, who has primary oversight and make sure that whatever information specifically the PRAC wants on the states that we accommodate. Rep. Carolyn B. Maloney (NY): Well, I would say that that's not what I'm asking. What I'm asking is will you commit to interpreting the PRAC's oversight authorities as applying to all of the Cares Act spending? That was our intent, I wrote that section of the law, that was what Congress wanted. There's no problem with the interpretation it's very clear and explicit, will you commit to allowing the oversight that was in the bill. Steven Mnuchin: I appreciate you wrote that portion. I would also say I appreciate I had very direct discussions with people in the Senate about various different oversight. That's why we agreed to a new Oversight Committee. With full transparency, we agreed to provide information that was not required under 13-3. So we have full transparency. And again, I'm happy to follow up with you on the specific concerns as to which different entities should receive what information. I think it's important that there is not bureaucratic overlap. But again, let me emphasize if the PRAC needs certain information, we will try to do what we can to accommodate it. Rep. Carolyn B. Maloney (NY): Well, I'm very disappointed with that answer, and I guess we'll have to pursue a legislative solution. It was very clear the intent of Congress is that PRAC would have oversight of all of the cares spending. I yield back. 56:55 Rep. Brad Sherman (CA): Chairman Powell, back on March 12, I sent you a letter urging that you prohibit stock buybacks by the banks you have done so. Thank you very much. 58:00 Rep. Brad Sherman (CA): One issue, Chairman Powell, for the main street lending program that is particularly relevant to commercial real estate, is that if they get a loan from you, they violate the loan covenants that they have in their existing mortgage. I look forward to working with you on that. One possible solution is the bill that I submitted. And we've had hearings on in this committee, the Business Borrowers Protection Act. Certainly getting a loan on a program that we've offered authorized because of the COVID crisis should not trigger the and make it a pre-existing mortgage immediately due and payable. 1:03:30 Jerome Powell: We are not looking for additional authority under 13-3. Our authority is of course to lend to solvent institutions and in programs of broad applicability and any company in any sector that meets those tests can can borrow one of our facilities. 1:04:10 Rep. Bill Posey (FL): Some of our businesses, including again the hotels, are warning that their inability to make payments is threatening the servicing of commercial backed securities. And I just wonder if you can bring us up to date on the status of the CMBS market? Steven Mnuchin: Well, as I just mentioned, one of the problems of the CMBS market is that there are very strict contractual obligations. And that's why one of the things I do think we need to look at in the next CARES Act is additional funding for these industries that are the hardest hit. 1:07:00 Steven Mnuchin: We have had inquiries about the issue of garnishment. And we agree from a policy standpoint that there should have been no garnishment. Unfortunately, that's something we need to address in the next CARES Act if we do additional direct payments, because there are certain state laws that were not overridden in the existing CARES Act. My understanding that's a state issue and not a federal issue. Rep. Wm. Lacy Clay (MO): But think about, think about the cruelty of the policy. Wouldn't you want to? Steven Mnuchin: As I said, I agree with you on the level. Rep. Wm. Lacy Clay (MO): Couldn't you all issue a blanket... Steven Mnuchin: We've asked our legal department to unfortunately we can't and that's one of the things we would want to fix in the next CARES Act. So we agree with you from the policy standpoint. 1:09:00 Rep. Wm. Lacy Clay (MO): Now under the main street lending program, you reduced the minimum loan threshold from 1 million to 250,000. And then by expanding the program to nonprofits with more than 50 employees, however many small businesses may not need 250,000. Mr. Chairman, has the Fed considered eliminating the minimum loan threshold all together? Jerome Powell: We have not considered eliminating it yet. Of course, we're just now getting rolling with loans, as you know, so we can once we get up and running, look at lowering it again, but you get into a very different kind of lending when you're down, lower. These are really personal loans rather than business loans. They're generally guaranteed by the business operator, and we could look at that but that would be something we'd look at once we get up and running. 1:11:40 Jerome Powell: The objective of everything we're doing everything. Every single thing we're doing is to take the 25 million people whose working lives have been disrupted and create a situation in which they have the best chance to go back to their old job or to get a new job. That includes all the facilities that we're doing. That's the overriding goal of what we're doing. 25:55 Rep. Blaine Luetkemeyer (MO): As you know, it's hard for me to let a hearing go without talking about CECL, so we're gonna try it one more time. In March of this year, the Federal Reserve and the FDIC and LCC issued an interim rule to delay for two years the estimated impact on regulatory capital CECL, followed by a three year phase in. In addition, the CARES Act included an option delay in CECL implementation until end 2020, or the end of the pandemic, which 25% of typical entities actually opted for. Part of the Treasury is also conducting study - What's the impact of CECL I hope? We were directed to do that. And most recently, my colleagues and I sent a bipartisan letter F stock urging for delay in CECL implementation for all entities until 2022. So that every entity, both banks and non banks, which were not included through the cares act on the same footing and Treasury can conduct this study with the input of a real life scenario that we have ongoing today. Given the actions by Congress and the potential regulators should we delay CECL as I and my colleagues have called for and should the Treasury examine the real life scenario we've gone through when conducting their study? Mr. Mnuchin? Steven Mnuchin: I think that should be seriously considered. And yes, we are working on the study. Rep. Blaine Luetkemeyer (MO): The President issued an executive order with regards to each agency going through and looking at all the rules, regulations, that were either waive declined, change, whatever, if they don't work now, should we continue them down the road when we get out of this mess. And so I assume everybody is doing that. And this would, this particular accounting principle would seem to fall in that area of we need to be looking at this as something down the road we need to get rid of in it's entirety, Mr. Chairman Powell, would you like to comment on this as well? Jerome Powell: I would agree. Okay. Thank you. Appreciate that. Because I think there's a time and place for rules, regulations or time in place that if nonfunctioning, we need to get rid of them and start over. 1:22:30 Rep. Bill Huizenga (MI): But what we do know is from looking at history, is we need to get the economy moving again. Now the question is, is how, whether it's getting kids back to school, as some have suggested, because if you can't get kids into school, that's not going to then free up those parents to be available to work. Anecdotally in my area, I know that manufacturers and service companies are having a very difficult time getting enough workers to come in to complete a full contingent, a line workers for example, or to get a full shift filled. There's various reasons some have debated about the $600 additional per week kicker as being a bit of a disincentive. But nonetheless, we know that we have to address those folks who really truly are not able to get a job and how do we distinguish from those that are just deciding not to take that job? One of the things that I have proposed is something called the Patriot bonus patriot bonus would be a 50% tax credit to any company that would give a per hour bump to their employees or a weekly bonus to their employees or even a one time bonus to their employees to incentivize them to come off of that unemployment insurance system and get back engaged in the workforce. And I think it's critical that we that we do that. 1:25:50 Rep. Bill Huizenga (MI): What do you want to tell them and the rest of Joe and Jane 401k that have their small investments in the markets that are there, frankly, to help them as they approach retirement? What assurances can we give them about the economy? Steven Mnuchin: Well, I want to tell them and all the other people that we are going to work with Congress to make sure we can do whatever we can do to get everybody back to work, who lost their job to COVID. And I'm also extremely optimistic about the research that is being done on vaccines and virals. And us combating this terrible disease. Thank you. 1:45:25 Steven Mnuchin: In many of these cases, these companies don't need more debt. They need support. So one of the things we will want to look at in the next CARES Act, as I said, is additional support for these hardest hit industries. As the Chair has said, there's a difference between lending and spending. 1:58:40 Rep. Ed Perlmutter (CO): And we also know that at the end of July, the pandemic unemployment insurance payments cease, as it's currently written. We know that a number of the moratorium on evictions and foreclosures begin to cease. And the eight weeks provided under the PPP, certainly for those initial takers of the loans start to run out. So I see a brick wall at the end of July. Hearing: Accountability in Crisis: GAO's Recommendations to Improve the Federal Coronavirus Response, House Committee on Oversight and Reform: Select Subcommittee on the Coronavirus Crisis, June 26, 2020 Watch on YouTube Witnesess: Gene Dodaro - Comptroller General at the Government Accountability Office Transcript: 56:40 Rep. Maxine Waters (CA): Tell me, how did it happen, that these hotels and these restaurants, were able to identify each of their installations under 500 people that they could get paid, get a loan for all of them. How did that happen? Gene Dodaro: My understanding of that is that that was a change that was made in the legislation at the last minute to allow them to be able to do that. That was part of the original legislation. My understanding...If I'm wrong, I'll provide a correction of the answer for the record, but that allowed that industry that applied if they had 500 people or less employees per location. Rep. Maxine Waters (CA): Did the SBA sign off on that? Gene Dodaro: Pardon me? Rep. Maxine Waters (CA): Did SBA sign off on that? Gene Dodaro: I don't know their involvement in the legislation. I'm sure the administration did if the President signed the bill. Rep. Maxine Waters (CA): Do you think that basically undermined what the PPP was supposed to be about?Gene Dodaro: Well, I wouldn't second guess the Congress and what it did and what, in the legislation that it passed. So, I mean, I was assuming it was part of congressional intent if it's in the legislation. 1:00:30 Rep. Blaine Luetkemeyer (MO): With the issue with regards to the stimulus checks going to people who shouldn't get them. You made a comment while ago about the social security's death master file. And it's something that you recommended, apparently for a number of years that we Congress have never done. In fact, the Trump administration has proposed in every single budget to give Treasury access to this, and we Congress have not done that. Is that roughly correct? Gene Dodaro: That's correct. And I know Treasury I've talked to Secretary Mnuchin about this and they... Rep. Blaine Luetkemeyer (MO): So this problem could have been eliminated, and alleviated if we Congress had done our job and allowed this to happen in previous years. Gene Dodaro: That's a reasonable hypothesis. Rep. Blaine Luetkemeyer (MO): Okay. Thank you very much for that. 1:27:45 Rep. Jaime Raskin (MD): Gene Dodaro: Rep. Jaime Raskin (MD): GAO also reported the Treasury and IRS sent nearly $1.4 billion in payments to 1.1 million dissidents, that is Americans who'd already died. And I'd also heard from some honest constituents who called up and said, we got this check for my wife or my husband who's no longer with us. IRS apparently was aware this was happening back in March, but didn't begin to correct it until months later. What's up with that? That's just shocking. How'd that happen? Gene Dodaro: Well, IRS is original determination was that the law required them to send a check to everybody who filed the return in 2018 or 19. And so they figured it would include those people. So they did it with foresight, that that's what they were supposed to do. Rep. Jaime Raskin (MD): Wow. Okay. Just let me pause you there, because that seems to contradict common sense. In other words, because we said that it should go to everyone who filed taxes, they thought you'd go to people who had died right who had filed taxes. All right. What is the law? Because some people were saying, should we cash this check? Why would the government sending it to us? Gene Dodaro: Right. Yeah, no, no, I agree. Rep. Jaime Raskin (MD): Well, what is the correct legal interpretation? Gene Dodaro: We believe Treasury's interpretation after that was that the intent was to help people who are affected by the situation which wouldn't include people who were deceased. So they stopped it at that point in time after IRS had made the first three payments. So we believe the correct interpretation now is they should not have been sent and our recommendation is to try to get as much of the money back as possible. Rep. Jaime Raskin (MD): Ok. And they've changed that policy of sending checks to people who have died? Gene Dodaro: That's correct. Video: Ticked Off Vic: A Message to the Government | VicDiBitetto.net, Vic Dibitetto, April 16, 2020 Executive Producer Recommendations Article: JAXA and Private Businesses are Co-Creating the Space Business By Yuta Kikuchi and Shinichi Takata, Japan Aerospace Exploration Agency Article: Touchdown! Japan space probe lands new robot on asteroid, Phys.Org, October 3, 2018 Article: The asteroid trillionaires By Andrew Glester, Physics World, June 11, 2018 Cover Art Design by Only Child Imaginations Music Presented in This Episode Intro & Exit: Tired of Being Lied To by David Ippolito (found on Music Alley by mevio)

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POLITICO Dispatch
Can Congress save the economy?

POLITICO Dispatch

Play Episode Listen Later Jun 17, 2020 12:21


Sure, the economy’s shown some positive signs recently, with a spike in retail and lower-than-expected unemployment. But that good news may be fueled by the government’s massive coronavirus relief measures — some of which are set to expire soon. POLITICO’s Victoria Guida breaks down why Congress might need to take more sweeping action to keep the economy afloat. Plus, Sen. Tim Scott plans to introduce his police reform bill. And a judge allows Trump’s Tulsa rally to go on as planned. Victoria Guida covers economic policy for POLITICO. Jeremy Siegel is a host for POLITICO Dispatch. Irene Noguchi is the executive producer of POLITICO audio. Jenny Ament is the senior producer of POLITICO audio.

Finance Rewired
Episode 18: "What's the currency of the Marshall Islands?"

Finance Rewired

Play Episode Listen Later Jan 2, 2020 56:59


Lydia Beyoud of Bloomberg Law (@ellebeyoud) and Victoria Guida of Politico (@vtg2) sat down with John Collins (@johncollins) in the FS Vector offices for a Very Special episode of Finance Rewired - as we look back at the big fintech news and policy developments of 2019 and look ahead to 2020 .   And we talk a little bit about the holidays, guinea pigs, emo music, and our opinions about the infamous Peloton commercial.

POLITICO's Nerdcast
The post-debate state of the race

POLITICO's Nerdcast

Play Episode Listen Later Aug 2, 2019 19:28


This week on the Nerdcast with host Scott Bland: POLITICO national political reporter Elena Schneider and senior politics editor Charlie Mahtesian break down who came out on top in this week's democratic debates. Also: A divided Federal Reserve is cutting interest rates for the first time in more than a decade. What’s that mean and why does it matter? POLITICO financial services reporter Victoria Guida explains.

Mercatus Policy Download
Preventing Bank Failures from Becoming Bank Crises

Mercatus Policy Download

Play Episode Listen Later Mar 19, 2019 38:45


Today’s episode is part two in our resiliency series. Last time we talked housing and the Financial Crisis, and we’re not straying too far from that today. We’re going to be talking banking resiliency. For a long time, banks have been viewed as big, secure buildings where we keep our money and go to get a mortgage. Events like the financial crisis, however, tend to force people in the broader economy to wonder: how do we stop bank crises before they begin? Today, we’re going to try and get at the heart of that question by discussing what a resilient banking system looks like, whether or not we’re there after a decade of regulatory responses to the crisis, and where there’s room for improvement. To do that, we're joined once again by co-host Brian Knight, Mercatus Center senior research fellow and expert on a wide variety of financial regulatory issues. We're happy to have a couple guests in the studio with us. First up, Victoria Guida, financial services reporter for Politico Pro. And fresh off the train from Philadelphia, senior research fellow and Mercatus colleague Stephen Matteo Miller.  Follow Chad on Twitter @ChadMReese.   Today's What's on Tap beverage features Old Ox Brewery in Ashburn, Virginia.

POLITICO Money
The strange case of Donald Trump vs. Jay Powell

POLITICO Money

Play Episode Listen Later Dec 12, 2018 28:45


President Trump wants a booming economy, but he also wants low interest rates. Federal Reserve Chairman Jay Powell may keep interest rates more or less where they are, but would likely only do that if the economy cools off. POLITICO Pro financial services reporter Victoria Guida (@vtg2) joins Ben White to explain the contours of the Trump-Powell relationship -- and shed some light on whether traders are misunderstanding Powell when he talks about the economy. Reporting referenced in this episode: Trump may get his wish on pause in Fed rate hikes

Macro Musings with David Beckworth
135 – Victoria Guida on Financial Regulation, Jay Powell, and Recent Fed Appointments

Macro Musings with David Beckworth

Play Episode Listen Later Dec 3, 2018 59:48


Victoria Guida is a reporter for Politico where she covers monetary policy and financial regulation, including extensive coverage of the Federal Reserve, the FDIC, the Treasury Department, and Congress. She joins the show today to talk about some of the big developments in monetary policy and financial regulation over the past few years and what kind of policy changes may be on the horizon. David and Victoria also discuss the Financial CHOICE Act, the accomplishments and failures of the current lame duck Congress, and what to expect from the new appointees at the Fed.   Transcript for the episode: https://www.mercatus.org/bridge/podcasts/12032018/victoria-guida-politics-monetary-policy   Victoria’s Twitter: @vtg2 Victoria’s Politico profile: https://www.politico.com/staff/victoria-guida   Related Links:   *Big Banks, Feeling Unloved in Trump’s Washington, Shake Up Lobbying* by Zachary Warmbrodt https://www.politico.com/story/2018/07/09/banks-lobbying-donald-trump-669706   *A Bank’s Activities, Not Its Assets, Should Decide Regulatory Status* by Thomas Hoenig https://www.americanbanker.com/opinion/a-banks-activities-not-its-assets-should-decide-regulatory-status   David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth

BOMBSHELL
And Now For Something Quite Special

BOMBSHELL

Play Episode Listen Later Jul 24, 2018 49:04


Alina Polyakova of Brookings joins the Bombshell crew to dive into the fallout from the Helsinki Summit.  Radha furthers our education on tariffs, er trade taxes, as the great trade war of 2018 slouches toward chaos. Meanwhile, Teresa May’s Brexit woes continue as she mucks around with Northern Ireland. And despite Secretary Pompeo’s personal attention, President Trump is catching on to the fact that Singapore did not set up the greatest of deals with North Korea. In White House mayhem Trump’s NSC is trying desperately to stay out of his line of sight as they manage crises he won’t like - like the reemergence of ISIS in Iraq. Plus, Supergirl and puppies, airplane movies, Bombshell books, early gray fudge, and rose all day.   Helsinki Fallout Alina Polyakova and Benjamin Haddad, "Europe in the New Era of Great Power Competition," Foreign Affairs Alina Polyakova, "Trump Has Trapped Himself Into Cracking Down on Russia," Atlantic Alina Polyakova, "Putin didn't have to push the Kremlin's narrative. Trump did it for him." Washington Post Julia Ioffe, "The surreal world," Washington Post All the Tariffs Louis Nelson, Victoria Guida, Adam Behsudi, "Trump threatens tariffs on all $500 billion worth of Chinese imports," Politico "The world trading system is under attack," Economist Hersh Shefrin, "Playing Trade War Chicken," Forbes Ana Swanson, "Republicans Bow to White House on Chinese Telecom Firm ZTE," New York Times Merrit Kennedy, "In Face Of Protectionism, EU And Japan Sign Huge Open-Trade Deal," NPR Raymond Colitt, Patrick Gillespie, Carolynn Look, "World Economic Leaders Condemn President Trump's Twitter Trade Rants at G-20 Summit," Time/Bloomberg Megan Cassella, "Trump's new midterm threat: A trade war smacking voters," Politico John Bowden, "Mnuchin: US open to removing Russian aluminum producer from sanctions list," Hill Brexit "The Great British Venn Diagram," QNTM Henry Farrell, "Theresa May's Brexit speech may break the Northern Ireland peace process," Washington Post "Brexit: May calls for EU to 'evolve' position on 'unworkable' backstop," Irish Times North Korea John Hudson, Josh Dawsey, Carol D. Leonnig, "In private, Trump vents frustration over lack of progress on North Korea," Washington Post Christopher Dickey, "Kim's Still Got His Nukes, and Hasn't Returned Our Heroes," Daily Beast ISIS Liz Sly and Mustafa Salim, "ISIS is making a comeback in Iraq just months after Baghdad declared victory," Washington Post Weekend Edition Saturday, "The Current State of ISIS," NPR Louisa Loveluck, "Syrian army raises flag above city considered as birthplace of uprising against Assad," Washington Post   Music by Future Teens Produced by Tre Hester 

Bombshell
And Now For Something Quite Special

Bombshell

Play Episode Listen Later Jul 24, 2018 49:04


Alina Polyakova of Brookings joins the Bombshell crew to dive into the fallout from the Helsinki Summit.  Radha furthers our education on tariffs, er trade taxes, as the great trade war of 2018 slouches toward chaos. Meanwhile, Teresa May’s Brexit woes continue as she mucks around with Northern Ireland. And despite Secretary Pompeo’s personal attention, President Trump is catching on to the fact that Singapore did not set up the greatest of deals with North Korea. In White House mayhem Trump’s NSC is trying desperately to stay out of his line of sight as they manage crises he won’t like - like the reemergence of ISIS in Iraq. Plus, Supergirl and puppies, airplane movies, Bombshell books, early gray fudge, and rose all day.   Helsinki Fallout Alina Polyakova and Benjamin Haddad, "Europe in the New Era of Great Power Competition," Foreign Affairs Alina Polyakova, "Trump Has Trapped Himself Into Cracking Down on Russia," Atlantic Alina Polyakova, "Putin didn't have to push the Kremlin's narrative. Trump did it for him." Washington Post Julia Ioffe, "The surreal world," Washington Post All the Tariffs Louis Nelson, Victoria Guida, Adam Behsudi, "Trump threatens tariffs on all $500 billion worth of Chinese imports," Politico "The world trading system is under attack," Economist Hersh Shefrin, "Playing Trade War Chicken," Forbes Ana Swanson, "Republicans Bow to White House on Chinese Telecom Firm ZTE," New York Times Merrit Kennedy, "In Face Of Protectionism, EU And Japan Sign Huge Open-Trade Deal," NPR Raymond Colitt, Patrick Gillespie, Carolynn Look, "World Economic Leaders Condemn President Trump's Twitter Trade Rants at G-20 Summit," Time/Bloomberg Megan Cassella, "Trump's new midterm threat: A trade war smacking voters," Politico John Bowden, "Mnuchin: US open to removing Russian aluminum producer from sanctions list," Hill Brexit "The Great British Venn Diagram," QNTM Henry Farrell, "Theresa May's Brexit speech may break the Northern Ireland peace process," Washington Post "Brexit: May calls for EU to 'evolve' position on 'unworkable' backstop," Irish Times North Korea John Hudson, Josh Dawsey, Carol D. Leonnig, "In private, Trump vents frustration over lack of progress on North Korea," Washington Post Christopher Dickey, "Kim's Still Got His Nukes, and Hasn't Returned Our Heroes," Daily Beast ISIS Liz Sly and Mustafa Salim, "ISIS is making a comeback in Iraq just months after Baghdad declared victory," Washington Post Weekend Edition Saturday, "The Current State of ISIS," NPR Louisa Loveluck, "Syrian army raises flag above city considered as birthplace of uprising against Assad," Washington Post   Music by Future Teens Produced by Tre Hester 

The Bill Press Pod
Nut Job Insults Native Americans (11.28.17)

The Bill Press Pod

Play Episode Listen Later Nov 28, 2017 112:20


Bill Press welcomes Victoria Guida, Ben Wikler and Melanie Sloan to discuss Donald Trump's use of a racial slur while honoring Navajo code talkers, the internal drama within the CFPB, MoveOn's fight against the GOP tax bill and an exclusive interview with one of Rep. John Conyers' accusers - the entire Tuesday edition of the Bill Press Show!

POLITICO Money
BONUS: Trump picks Powell

POLITICO Money

Play Episode Listen Later Nov 2, 2017 8:44


President Donald Trump ended months of reality show-style speculation by picking Jay Powell to lead the central bank, settling on a seasoned veteran for one of the world's most important economic jobs and signaling there won't be drastic changes at the Fed. In a bonus episode of POLITICO Money, Ben White and Victoria Guida dive into why the president chose Powell, if he'll actually be all that different from Janet Yellen, and what this means for the markets.

donald trump fed powell ben white jay powell victoria guida politico money