Treasury secretary Steve Mnuchin says the administration is working with congress on a spending package for National Coronavirus response. He testified before the house ways and Means Committee on President Trumps 2021 Budget Proposal and was asked about the governments response to the outbreak as well as its Economic Impact. We want to be able to take advantage of the opportunity this morning to give the secretary time for the give and take in the dialogue that were going tome brace here for the next couple of hours. To embrace here for the next couple of hours. Mr. Neal i think we can provide to the first issue so we can get to the chairman. It is of no controversy. So, first, let me call the ways and Means Committee to order. Good morning. Before turning to our hearing this morning. The committees annual budget on views and estimates for fiscal year 2021 in accordance with the requirements of section 301d of the congressional budget act of 1974. Members will find the letter in front
[inaudible] we want to be able to take advantage of the opportunity this morning to give the secretary time for the give and take in the dialogue that were going to embrace here for the next couple of hours. I think we can proceed to the first issue so we can get to the chairman. It is of no controversy. No con. So, first, let me call the ways and Means Committee to order. Good morning. Before turning to our hearing this morning. The committees annual budget on views and estimates for fiscal year 2021 in accordance with the requirements of section 301d of the congressional budget act of 1974. Members will find the letter in front of them. Let me thank Ranking Member brady for working with me on this matter so that we are able to submit a consensus document to the Budget Committee that reflects the priorities of the ways and Means Committee as a whole. Without objection, the views and estimates will be considered as read and open for amendment at any point. And if there are no amendment
Ft Still Holding ground in the big apple. First, to our top story u. S. Markets posted a dramatic slide today as global trade has spooked investors. The endt weekly losses of last year while treasuries rallied for the fourth year as the trump administrations trade spats are on multiple fronts. And the s p had its worst month of the year. We want to bring in Michael Regan from new york. A lot of Different Things going on. Where did we see the bloodshed . The bloodshed was widespread. Nine of the 11 main sectors in the s p 500 were down. Theeally stems from surprise announcement of potential tariffs on mexico. No surprise that the president is ratcheting up the immigration rhetoric with mexico. U. S. Mexicocanada have a trade deal that i think most of the market had assumed was near the finish line. It was recommended to go to the senate in mexico by the president there last night. It was believed that the u. S. Congress would be voting on is soon. That calls that into question and it te
here is the news from karishma patel. the government says it s taking action to tackle teenage vaping in england. the prime minister has pledged to close a loophole which allows retailers to give children free samples even though it is illegal to sell to them. russia has accused ukraine of launching drone attacks on moscow. the defence ministry says eight drones reach the capital. officials report minor damage to buildings on the strong swallow overnight attack on kyiv in which one person are said to have been killed. the government has until this afternoon to hand over more documents from boris johnson relating to the covid inquiry orface johnson relating to the covid inquiry or face prosecution. johnson relating to the covid inquiry orface prosecution. the inquiry orface prosecution. the inquiry wants to see unredacted messages but the cabinet office says some of the material demanded is irrelevant. a former top chinese government scientist has told the bbc the possibility
Are performing a mysterious Synchronised Flying ritual. Good morning from westminster, where later today the bill giving theresa may the power to start the process of leaving the eu is due to reach its final stages in the commons. Last night, the government saw off a potential rebellion from conservative backbenchers, but todays debate could cause more labour rifts. Its mps have been told to back the bill. Heres our Political Correspondent tom bateman. A battle for control over the process of brexit. How much say Will Parliament have . Last night mps ended more than seven hours of debate which contained what some saw as a concession from the government. I can confirm on the final agreement to be approved before both Houses Of Parliament before its concluded. In other words mps will get to vote on any Future Brexit deal before it is signed off by the government and the eu, but theresa mays negotiations with other eu leaders are likely to be complex and some mps are worried about her thr