Experts on bio defense discussed the process for developing drugs and vaccines to protect against a chemical, radiological, biological, or nuclear attack. This is an hour and 10 minutes. Morning, everybody. If we can please go ahead and take your seats, well get started in a moment. Good morning. I want to welcome all of you to todays event entitled budgeting for bio defense are we prepared . For those new to bbc our mission is to actively seek to combine the best ideas from both Political Parties to promote health, security, and opportunity for all americans. We drive principled and politically viable policy solutions through the power of analysis, negotiation, and advocacy. Yesterday, former senators tom daschle and judd gregg released a bbc report outlining options for policymakers to optimize funding that supports the present curement of medical countermeasures needed in the event of a chemical, biological, radiological, or nuclear event. Today well hear about the findings from thi
You indicate, attempting to quantify the benefits of safety and soundness regulation is very difficult. Mr. Brown who would have wanted this to take longer . Ms. Yellen you indicated that those who are regulated mr. Brown dont say what i indicated but who in this town, who in this country wanted this to take long her ms. Yellen we know banking organizations are concerned with regulations and the burdens they impose. Mr. Brown let me shift to another question, i think senator shelby will be back in a couple of minutes. Some have suggested repealing or limiting the Feds Authority to pay excess. Im concerned this is an attempt by those who are concerned about those who want to limit the feds monetary tools. What are the implications of repealing or eliminating interest on reserves . Ms. Yellen it is the most critical tool we have for Monetary Policy to adjust the level of shortterm Interest Rates and the stance of Monetary Policy. If we were denied the ability to use that tool, first let