Can the Democrats make economic change?

Business Daily

BBC

News, Business

4.4 • 796 Ratings

🗓️ 7 January 2021

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Democrats and President-elect Biden have won control of the US Congress after results came in from two elections in Georgia. Raphael Warnock and Jon Ossoff defeated Republican incumbents Kelly Loeffler and David Perdue respectively. Mr Biden will have a much better chance now of pushing through his legislative agenda. We'll hear from former President Obama's top economic adviser Jason Furman, about how this might shape the country's economic future, while Chris Low of FHN Financial in New York gives us Wall Street's reaction. We'll also be joined live by entrepreneur and former economic adviser under President Bush, Pippa Malmgren to discuss the night of violence seen in the country's capitol buildings.

Producer: Frey Lindsay.

(Image: A voter leaves a polling station on January 5, 2021 in Marietta, Georgia. Image credit: Getty Creative.)

Transcript

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0:00.0	Hello there, I'm Ed Butler and welcome to Business Daily from the BBC.
0:05.3	Today, congressional leaders unite in denouncing the US president for stirring up insurrection in Washington.
0:12.5	The violence we witnessed in this chamber today was the direct result of the poisonous lies that Donald Trump repeated again and again.
0:25.0	We look at the fallout from the violence in Washington and respond to the Democrats' electoral success in Georgia.
0:32.1	How much will that help the incoming president?
0:35.0	I think that President Biden will only be able to get a fraction
0:38.8	of what he's called for
0:40.2	because he can't do any more
0:41.9	than the most moderate Democratic senator wants to do.
0:45.9	All that coming up in Business Daily
0:47.9	from the BBC.
0:53.0	A lot.
0:53.6	A lot. Well, it really was an extraordinary few hours in Washington on Wednesday.
1:04.8	Tier gas explosions at Capitol Hill calls to take the house down. You heard them there from some pro-Trump protesters as they stormed
1:13.8	the Capitol building. We're calling them protesters. Some, of course, are calling them insurgents,
1:19.2	intent on preventing the confirmation of Joe Biden as the country's duly elected president.
1:25.0	Speaking from his home in Delaware,
1:31.3	Mr. Biden was emphatic in his denunciation of what had taken place.
1:37.0	At this hour, our democracy is under an unprecedented assault.
1:41.0	Unlike anything we've seen in modern times,
1:48.5	an assault on the Citadel of Liberty, the capital itself.
1:52.3	An assault on the people's representatives.
	...

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