CNN’s Poppy Harlow got right to the point on Wednesday with Chairman of the White House Council of Economic Advisers Kevin Hassett, asking him pointedly “what is this shutdown going to cost our economy?”
“Of course it looks like folks are gonna once again miss a check and there’s a lot of enormous focused personal cost,” Hassett said, adding that “a lot of the cost that we’re feeling right now” is shouldered by individual furloughed workers. “On the macroeconomic level, on the overall economy, there’s a loss of about a tenth of a percent of GDP each week.”
“Here’s the issue. I’m not going to buy two sandwiches for lunch when the government opens again, or go buy three lattes that I didn’t buy when it was closed, so you don’t get that back,” shot back Harlow. She noted that growth estimates were already shrinking, and asked “by your calculation couldn’t we then see zero growth if this persists through end of the quarter?
Hassett tried to dodge the subject saying it would “put your viewers to sleep”, but Harlow continued to hammer him, asking again “could we get zero growth?”
“The first quarter has tended to be weak,” Hassett replied as Harlow shook her head impatiently.
“Would we get zero growth?” she asked again. “Could we get zero growth? I want to nail this down.”
“We could, yes,” he said. “If it extended for whole quarter and given the fact that the first quarter tends to be low because of residual seasonality, you could end up with a number very close to zero.”
Watch the video below.
Sondland’s life ‘is on the block’ — and he could ‘give up the president’ to save himself: Watergate’s John Dean
On Monday's edition of CNN's "New Day," former Nixon White House Counsel John Dean suggested that the most precarious and most consequential witness in this week's impeachment hearings will be EU Ambassador Gordon Sondland — because he is facing accusations of lying to Congress and has the most at stake.
"I submit, we will see the one who saw Roger Stone get convicted on seven counts of lying and witness tampering on Friday and the one who will testify under penalty of perjury in public on Wednesday," said anchor John Berman. "How much do you think that does and should weigh on him?"
No way Pence didn’t know what Trump was up to in Ukraine after aide’s revelations: CNN panel
A CNN panel discussion on testimony given by a top aide to Vice President Mike Pence said her revelations about what she knew about President Donald Trump's Ukraine dealings can only mean Pence knew and is lying.
Speaking with New Day hosts John Berman and Alisyn Camerota, contributor Kaitlan Collins stated Jennifer Williams' description of Trump's Ukraine phone call was expected to set Trump off, which it did when the president raged at her on Sunday as a "Never Trumper."
"We kind of saw this coming, that they anticipated the president could be frustrated by her testimony," Collins explained. "Because in the weeks before, when she was going to testify behind closed doors, we saw them distancing themselves from her. Yes, she works in our office, but she's the State Department employee detailed to our office."
This is the energy executive who first exposed Trump’s Ukraine scandal: report
CNN host Chris Cuomo did a special investigative report by Drew Griffin looking at the money trail from Russia to President Donald Trump's Ukraine scandal.
"You probably don’t know Dale Perry, but history may record this energy executive as one of the first who sounded the alarm about what would become President Trump’s impeachment inquiry," said Griffin. "In April, Perry’s former business partner Andrew Favorov, now a director at Ukraine's state-owned gas company Naftogaz, says two shady characters had approached him, with a secret management plan to take over the management from the inside. Those two shady characters Lev Parnas and Igor Fruman, are two low-level, Soviet-born businessmen from south Florida. And they were trying to clear the way for their own gas business."