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Fortune

Diane Brady

Keebeck Wealth's Bruce Lee: ‘We've had our hands in the cookie jar for a long period of time’

Bruce Lee US Federal Reserve Diane Brady Deficit United States American Airlines

Photo of Bruce Lee, founder and CEO of Keebeck Wealth Management. (Credit: Courtesy Keebeck Wealth Management)

In today’s CEO Daily: Diane Brady talks to Keebeck Wealth Management CEO Bruce Lee about the federal deficit.
The big story: 70 feared dead in American Airlines crash.
The markets: Calm, despite the Fed.
Analyst notes from Goldman Sachs, JP Morgan, and Wedbush.
Plus: All the news and watercooler chat from Fortune.

Good morning. As I write this, officials from the National Transportation Safety Board and the Federal Aviation Administration are investigating the midair collision between a U.S. Army helicopter and an American Airlines plane in Washington last night. Investments in those federal agencies have helped make such tragedies so rare and the U.S. the gold standard for aviation safety. Excellence isn’t cheap. Like his predecessors, President Donald Trump faces the challenge of maintaining excellence in core functions and agencies like these, and finding a way to pay for it all.

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