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Robert Frank - 1 Marc Short - 1 Mike Pence - 1 Ernie Tedeshi - 1 Biden - 1 Trump - 1 — - 1 Joanne Hsu - 1
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☆ The great tax debate: How will GOP fund tax cuts?
  + stars: | 2024-06-14 | by ( Robert Frank | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe great tax debate: How will GOP fund tax cuts? CNBC's Robert Frank and Marc Short, former chief of staff to Vice President Mike Pence and former Trump White House Director of Legislative Affairs, and Ernie Tedeshi, director of economics at The Budget Lab at Yale University and former chief economist at the White House Council of Economic Advisors, join 'Squawk Box' to discuss the competing tax plans between President Biden and former President Trump, the new tax ideas floated by Trump in recent days, what the corporate tax rate should be, and more.
Persons: Robert Frank, Marc Short, Mike Pence, Ernie Tedeshi, Biden, Trump Organizations: Trump White House, Legislative Affairs, Yale University, White House Council of Economic Advisors, Trump
☆ The US economy is doing way better than the rest of the rich world
  + stars: | 2023-07-07 | by ( Noah Sheidlower | ) www.businessinsider.com   time to read: +4 min
The US is performing much better than many other wealthy nations when comparing economic growth and inflation rates. The US had the highest GDP growth since the start of the pandemic among the G7 countries, an informal group of industrialized democracies. Even when taking out food and energy prices, which were especially elevated in Europe due to the invasion of Ukraine, the US came in below the other G7 countries. Despite this data, "inflation going forward remains considerably uncertain across all G7 nations, including the US," the CEA wrote. But despite the US's outperformance on GDP and inflation, many Americans are still worried about the nation's economy.
Persons: —, Joanne Hsu, Hsu Organizations: US, Service, OECD, Commerce Department, White House Council of Economic Advisors, Index, CEA, University of Michigan, Consumers Locations: Canada, Italy, Germany, Japan, Europe, Ukraine
☆ White House weighing the possibility of a short-term debt ceiling extension
  + stars: | 2023-05-05 | by ( Kayla Tausche | Kristen Welker | Garrett Haake | ) www.cnbc.com   time to read: +4 min
According to the U.S. Chamber of Commerce, a short-term extension of the debt ceiling has been enacted six times since 1993 to buy time for a broader package to take shape. For now, the White House remains committed publicly to its position pushing for a long-term solution and remains open to a two-track process to negotiate spending separately from the debt ceiling. "This is not our plan," a White House spokesperson said of a short-term extension. Moderate Democrats in Congress have signaled a willingness to vote for a short-term extension — making it an option that could pass through a deeply divided legislative branch. "I think if the White House understands how important it is for us to do things like claw back unobligated Covid funds, not spend $500 billion on an unconstitutional student loan forgiveness, start to unlock American energy," Johnson tells NBC News, "I think they're going to find Republicans receptive if the White House understands our values."
☆ CEA Chair Cecilia Rouse weighs in on Chevron's $75 billion stock buyback announcement
  + stars: | 2023-01-26 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCEA Chair Cecilia Rouse weighs in on Chevron's $75 billion stock buyback announcementWhite House Council of Economic Advisors Chair Cecilia Rouse joins 'Closing Bell" to discuss Chevron's $75 billion buyback program, moderating price per GDP, and investing in America's infrastructure and productivity.
☆ The White House's Economic Message
  + stars: | 2022-12-06 | by ( Sara Eisen | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe White House's Economic MessageInflation, rising interest rates ansarad slower (or perhaps negative) economic growth have already posed significant challenges to the Biden Administration. The new congress will add threats of government shutdowns and debt ceiling defaults to the mix. One of the President's longest-serving economic advisors, Jared Bernstein, White House Council of Economic Advisors Member, discusses how the administration plans to navigate the nation's economic challenges and how it will convince the American people it is achieving its goals. CNBC's Sara Eisen interviewed him at the 2022 CNBC CFO Council Summit on November 30, 2022.
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