We are holding this hearing virtually in compliance with the regulations for Remote Committee proceedings pursuant to House Resolution 965. This is the third virtual subCommittee Hearing and the ways and Means Committee. As with our previous hearings i want members to know that i plan to continue this committees long tradition of collegiality and substantial debate, substantive debate, even as we conduct our business from afar. I will continue to work with the Ranking Member, mr. Smith, and his staff to ensure that the rights of all members are resected in these new virtual formats. Before i turn to todays important topic i want to remind members of a few procedural to help you navigate this new platform. First, consistent with regulations the committee willfi keep microphones needed to limit background noise. Members are responsible for on meeting themselves when they seek recognition or when recognized for a fiveminute statement. Second, members and witnesses must have their cameras
Stabilize and support the financial system, support and rescue. Its moving quickly. On the ground, it is grim. 22 states have deployed the national guard. The virus is now infected all 50 states and d. C. And this is a first, kansas closes all schools for the rest of the school year. Its beginning to sink in that many of us will be confined to our homes for weeks and millions will not be getting a paycheck. You are waking up to an anxious america. Theres an eerie feeling when you see empty cities, shuttered businesses and a country thats really grinding to a halt. Now the markets. Limit down before the opening bell. We might be 5 or 6 down in early trading. Remember, if the s p goes down 7 trading is halted for 15 minutes. We have already seen that twice. The dow, s p, nasdaq limit down, big red arrows right there. Look at this. The yield on the tenyear treasury is now 1. 12 . So money is coming out, repeat, out of treasuries. Why is that . In part because some investors have to cover
His leadership on bringing this bill forward, the save American Workers act. It is today that i rise in support of the save American Workers act. Mr. Speaker, every working american deserves a fair shot at climbing the economic ladder of success. And every wage earner he deserves a chance to live the american dream. However, over the past few months we have watched the president S Health Care law wreak havoc on working families and squeeze the middle class who already struggle to make ends meet. As we all know, millions of people have seen their premiums and deductibles go up under the president S Health Care law. While others have been forced off the very plans they were promised they could keep. But thats not the full picture. Because of the 30hour workweek provision in obamacare, wage earners could see their hours he reduced, resulting in a 25 cut to their pay. Let me just take a moment to explain exactly who might see their paychecks shrink. According to a study by the hoover insti
Tan. Brian soccer parent tan watching three days and watching traffic both ways. I know you guys were working. Griff we were here working. A lot of news. One of the stories we did continual tragically continues today and is that true weather out in the midwest. Brian stunning. Straight to a fox news alert. Powerful tornadoes touching down in the midwest. This happened overnight. Millions are without power. First responders are searching for people trapped in their homes in dayton, ohio, after a twister tore through there. A tornado just hit our house. Oh my god. Oh my god. We were just sitting out here. Jedediah the force of that tornadoes in dayton so powerful it wrapped this car around a light pole. Griff another tornadoes destroying homes like this it one in is he lynna, ohio. Brian he probably only needs 90 minutes to sleep to catch up. Jedediah calling it unforgettable. Griff mark making his first appear and on fox friends. Good morning. Griff, its good to be here in your seat thi
/PRNewswire/ The Supercuts Franchisee Association (SFA) is hosting its annual conference from May 6 to 8, bringing together nearly 140 franchisees, general.