Waiting for Democrat Members of the Senate Budget comttee to arre here for this oversight hearing for the Congressional Budget Office. It appears they are arriving now. We should get underway in a moment. Hopefully this will be a really critical hearing and i think it has the potential to give us a lot of really good information. Good morning, welcome to the oversight hearing at the Congressional Budget Office. Im proud to say this is the third such installment of this committees continued oversight of cbo under my chairmanship. Im glad the House Budget Committee will hold additional meetings. The active 74 provides the Budget Committee to review continuing basis by the Congressional Budget Office of the functions and duties. The present of the committee with the opportunity to review as a performance and serve forum to discuss the way in which cbo could be more effective and intending to the needs of congress. They should also work in clarifying the office while improving its operatio
The economy is going off the rails. Or that its about to roar. In fact, on a day where the dow gained 4 3 points, the s p climbed 1. 8 . This is the most glass half full, glass half empty moment we have seen in ages. First we have fabulous employment numbers. The jobless claims are at the lowest levels since 1988. Thats a staggering figure. Its incredible. You simply cant have an economy at nearly full employment and honestly, be anywhere here a recession, does that define a Strong Economy . Housing, wow, it is just red hot. You know housing represents only 10 . I know some figures came out today that were not that strong, but believe me, this is the hottest area, toll brothers, the luxury Home Builders said it had been the best spring selling season ever. Many factors are bringing buyer office the fence right now. Interest rates rated by the rate of resale and personal homes. I have never heard them this bullish. I want to make something very clear. When the market was red hot before
Why despite the reform activities in the process are taking longer in fiscal year 2015 is an average of 95 days to process the secret clearance and 179 days for the secret clearance. In 2016, it took an average of 166 days to process and 246 for the topsecret clearance. Thats quite a job in the timeline it takes to get there. More than a decade ago that processes were transferred from the department of defense and now there is talk of transferring the process back to the department of defense. We also have the newly created the opm and the dod have a shared responsibility to make sure we stop moving the organizational boxes around as we transition, we need to talk about the efficiency and make sure at the end of the day we are protecting and securing the United States of america. Theres a tremendous amount of people that are working on these issues. We will have additional hearings and discuss that. I personally believe and i would like to draw this out, attracting and retaining the pr
Why despite the reform activities in the process are taking longer in fiscal year 2015 is an average of 95 days to process the secret clearance and 179 days for the secret clearance. In 2016, it took an average of 166 days to process and 246 for the topsecret clearance. Thats quite a job in the timeline it takes to get there. More than a decade ago that processes were transferred from the department of defense and now there is talk of transferring the process back to the department of defense. We also have the newly created the opm and the dod have a shared responsibility to make sure we stop moving the organizational boxes around as we transition, we need to talk about the efficiency and make sure at the end of the day we are protecting and securing the United States of america. Theres a tremendous amount of people that are working on these issues. We will have additional hearings and discuss that. I personally believe and i would like to draw this out, attracting and retaining the pr
Thank you. Its been weeks. Nice to be back. Hi, mom. Here we are again. And happy birthday. Yes. Retail earnings, that helped send the stocks to record levels yet again today. Well talk about how much the market is up since i was gone, but whether this is provision called the border adjustment tax, could that stall the rally, especially as it pertains to Retail Stocks like the ones were seeing rallying today . Well talk about that coming up. White House Press Secretary sean spicer was just asked about that tax plan. Well bring you his comments shortly. Warm weather in the east made for a nice weekend. Its crushing nat gas. Its down 9 . I cant believe youre playing this song. Are you sure wells fargo, that saga it turns out is far from over. The bank just announcing a little while ago that four senior managers are out in the wake of the companys unauthorized account scandal. We have details on that still to come this hour. But how about these markets. The dow is over 20,700 and home dep