Supply our needs and to lead us toward abundant living. Continue to sustain our senators with your eternal presence remind them that your hand is on the helm of Human Affairs and that you still guide your world. Renew their strength, as you provide them with the courage to carry on. May they refuse to do anything which could bring them regret, remorse and shame. We pray in your strong name. Amen. The president pro tempore please join me in reciting the pledge of allegiance to the flag. I pledge allegiance to the flag of the United States of america and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Mr. Mcconnell mr. President . The presiding officer the majority leader. Mr. Mcconnell tonight well welcome the president of the United States for the state of the Union Address. Its his final address, and it gives us cause for reflection. Many of us recall a moment in boston when a state senator became a national star. His rhetorica
There are hundreds or thousands of folks from your states involved as well. What i want to do is talk briefly about the threat which is a very real threat. I take it seriously and i know all who are here will take it seriously as well, and that threat is why i support the basic pillars of the president s fourpoint Initiative Announced two wednesdays ago. Im going to talk about that, the president s four points briefly. But whatever want to dig into with, i hope you will see my passion coming through my wonkiness because im going to dig into this in a significant way, is a series of six reasons why i think it is absolutely critical legally, or president reasons, for the reputation of our institution, and especially for the servicemen and women we are asking to risk their lives, i think it is critical that congress complete the authorization that it began last week when a boat on the army of moderate elements in syria. It is critical that congress do this. If were going to engage this mi
The committee will come to order. Without objection the chairs authorized to declare a recess of the committee at any time. Last january, the cfpb im going to recognize myself for the purpose of making an opening statement. Last january the cfpb issued a series of rules that will fundamentally change the Mortgage Market in the united states. Over the last year weve had numerous hearings, in the Financial Institutions and Consumer Credit subcommittee to learn more about the effects these rules will have on the availability of credit. Last november, i had the pleasure of joining mr. Rothfus in pittsburgh for a roundtable discussion with the Community Development organizations in the Greater Pittsburgh area about the effect these rules will have on their ability to serve their consumers. Two things emerged from these committee hearings. One, that the new mortgage rules impair the ability of lenders to work with borrowers on an individual basis. And number two, low to moderate income borro
Four types of yen countries in this regard. One is those with structure problems, building structure problems as they expend, china, those who have been accumulating problems internally, exporters, a lot of Strong Demand and commodity resources, Commodity Prices in the last couple years, lately coming down, facing problems, the third type of problem, pressures, expansion of policies, constrained and relaxed and abundant power in the Global Economy, once that normalizes the problems and the final type reversing, those largely countries with a had to temporarily boost the demand but the type of investment, do not have Systemic Risks domestically and that is what happens once the collision normalizes, and more fundamental issues, and the time and commitment, very quick. The question i have been asking for the last year was the pace of recovery. Is this normal . The banking crisis is usually severe, then the recovery takes much longer. It is not a surprise that the recovery is taking so lo
Employment, again, a bill that passed with significant bipartisan support in the United States senate. We see no reason why it could not be passed. If it was put on the floor, we think it could get bipartisan we think ad significant number of republicans in the and democrats would be for it. We would like to see a greater investment in infrastructure and job creation. The American Public that ought to be our number one priority. Those are just some of the issues that we would hope would be addressed and that we could accomplish in the second session of the congress. Thatu can see all of interview with maryland congressman steny hoyer tomorrow when newsmakers airs at its regular time 10 00 a. M. And 6 00 p. M. Eastern here on c span. I think that there is a way in which we have set up this impossible series of expectations, especially for our president s, but for elected officials as a whole, that they are going to come in, swooped in, save the day, and when it does not happen, we give