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Gas prices, jobs report, gun reform

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Gas prices, jobs report, gun reform



WEEK IN THE HOUS E. >> it’s about five dollars, so that’s ridiculo. us Matt: To Washington this Sunday and NUMEROUS CRISES FACING THE WHITE HOUSE THIS WEEKEND. Gas prices jumped about five dollars a gallon IN PARTS OF WISCONSIN THIS PAST WEEK, A ONCE UNTHINKABLE SPIKE. THE NEW JOBS REPORT OUT FRIDAY SHOWS THE U.S. ECONOMY ADDED 390,000 JOBS IN MAY AND THE UNEMPLOYMENT RATE HELD AT 3.6%. JARED BERNSTEIN IS AN ECONOMIC ADVISER TO THE WHITE HOUSE. HE JOINS US FROM WASHINGT. ON Thank you for being with us. Jared: My pressure. Matt: Stocks slid Friday when the report came out. What does this m rayeport say about the jobs market? Jared: It says the job market remains extremely stngro We continue to be in the midst of an historic job market recovery. The president has commented recently on the importancef transitioning from a breakneck speed of the initial recovery to a ra te of growth that is more consistent with steady, stable gwtroh we get at th is point in expansion. We see some of that in today’s report. Matt: Gas pricesn i Wisconsin topped five dollars a gallon in some parts of t shetay this past week. A lot of what we talked about does not matter to a lot of people but five dollar a gallon gas sure does. What is the administrati on doing to ease prices at the pump and inflation? Jared: We have a three-part program here. One is and thiiss on the broader inflation point, is to respt e ec independency of the Fed, to work with Congress to lower the cost on issues le ik prescription drugs, cost of the Internet, third is looking at the deficit. When it comes to the pump, this president resid ed over the largest increase of global oil reserves we have ever seen, talking about Wisconsin and e Midwest, the president signed a waiver for you 15 ethanol gasoline which increases supply and some diplomatic efforts are yielding fruit or mae yb yielding barrels when it comes to the announcement by OPEC yesterday to expand their production by 50% over the next few months. We continue to do everything we can to help folks not just at the pump but across all the areas of inflationary pressur Matt: Prices continue to rise. When will we see them dr? op Jared: Look, it is tougho t be in the forecasting business right now to say the aslet. There are 70 uncertainties out there. COVID is still upon the land, we have Putin’s unjust, unprovoked invasion of the soveren ig nation of Ukraine, you have China dealing with Covid and to their lockdow. ns I will tell you this, every economic forecast I’ ve seen and I track all of them have inflation growing more slowly at the end of this year than at the end of last yr.ea We are confident we should se e some deceleration of these forecasts. Matt: Jared Bernstein, thank yo u. Jared: My pleasure, thank you. MATT: PRESIDENT BIDEN NOW ALSO PLEADING WITH CONGRESS, CALLING ON LAAKWMERS TO BAN ASSAU- LT STYLE WEAPONS, EXPAND BACKGROUND CHECKS, AND PASS RED FLAG LA. WS Pres. Biden: THIS IST N’ ABOUT TAKINGNY AONE’S RIGHTS. IT’S ABOUT PROTECTING CHILDREN. FAMILIES. Matt: MEANTIME, THE HOUSE JUDICIARY COMMITTEE ADVANCED A PACKAGE OF N GU CONTROL BILLS ALONG A 25 TO 19 PARTY-LINE VOTE. THE FU HLLOUSE NOW EXPECTED TO take up this LEGISLATION THIS WEEK. THE LEGISLATION WOD RAISE THE LEGAL AGE TO BUY A SEMI-AUTOMATIC RIFLE FM 18 TO 21, BAN HIGH CAPACITY MAGAZINES, AND REQUIRE BACKGROUND CHECK FOR BUYING GHOST GUNS. REPUBLICAN CONGRESSMAN SCOTT FITZGERALD FROM WISCONSIN’S FIFTH CONGRESSIONAL IS ON JUDICIARY. Congressman, good to see yo Rep. Fitzgerald: good to be with y. ou Matt: Let’s talk about the mmcoittee vote, you vod te against this package, why? Rep. Fitzgerald:t idoes include provisions that first and foremost I think are redundant. It shows this is a hastily created piece of legislation thats i kn ee-jerk reaction to the unfortunate incidents around what happened in Texas this last week. Matt: You are the president Thursday night in his address, some of what judiciary debad himself, he wants to ban assault weapons, expd back on checks. Are those anything he wod ul get behi? nd Rep. Fitzgerald: No. I think the focus is againf you want to try to tackle something in a bipartin way, it should be to focus on the physical secitury in and around our schools. Matt: The President and White House seems to kno the politics of this, at least surrounding the assault ban proposal. He says if you cannot ban assault weapons, let’s raise the age from 18 to 21. Is that a good idea? Rep. Fitzgerald: I don’t think it is. It certainly once again infringes on constitutional rigs ht afforded to adul. ts I will also say this, thats a former member of the military and with beg part of the training divisions in and aroun many of the Army reserve units I was part of, there are 17-year-old issued a M-16 on a regular basis whenever they are in the Army, Navy, or Air Force a nd there is training in and around that. I understand that. But once again, I think ife are going to take a smaller bite and tackle something in a bipartisan fashion — and this is what the bill has not only been named by the Democrats but certainlI think there was a lot of emphasis put on this in the hearing — is that they want to focus on one thing and that is school safety. I said if there is anything that makes sense, let’s do that. But that is not exactly what the package includ. es The package includes a hodgepodge of many different concep ots bills that don’t even come close to what I think would be the needs of America when it comes to trying to provide this physical security for these schools. Matt: Congressman Scott Fitzgerald, a debate tha will play out on the house for a few days. Thank you. Rep. Fitzgerald: Good to be with you. MATT: THE HOUSE LEGISLATION IS N OT PEEXCTED TO PASS THE SENATE. THERE THIS WEEKEND A BIPARTISAN GROUP OF SENATORS CONTINU negotiations on A NARROWER SET OF BILLS, INCLUDING SOME TYPE OF BACKGROUND CHECK EXPANSION AND OFFERING INCENTIVES FOR STATES TO PASS RED FLAG LA. IS THERE ANY CHANCE ANY OF THIS GETS TO 60 VOTES IN THE SENATE? >> WELL, WE’VE GOT TO DO EVERYTHING WE CAN TO MAKE THAT THE CASE. 60 OUT OF 100 VOTES IN THE SE NATE WHEN 90 OUT OF EVERY 100 PEOPLE STRONGLY FAVOR UNIVERSAL BACKGROU ND CHECKS, THIS SHODNUL’T BE A HEAVY LIFTOR F THEM, AND ITS SO SAD INSTEAD OF PRIORITIZING THE CHILDN OF THIS NATION THEY’RE PRIORITIZING THE NRA AND THE GUN MAKE. RS ? Matt: Up next, culture W

Gas prices, jobs report, gun reform

Washington facing numerous key issues

Washington facing numerous key issues



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