Wilkie was a witness this morning for joining us and since this is her first touring with some members to spain remotely id like to begin by offering a brief explanation of how it will work in order to benefit both members and the public. First, this searing room has been configured to maintain the recommended sixfoot social distancing between members, witnesses and other individuals in the room necessary to operate the hearing. As i mentioned some members have opted to use secure video teleconferencing which allows them to participate remotely. For those on the Video Conference once you start speaking there would be a slight delay before you are displayed on the main screen as i am now. To minimize background was to ask members are participating virtually remain on mute until it is your turn to ask questions. Please remember to mute yourself at the conclusion of your questions. Should you seek additional time please unmute yourself so i will recognize you. Just like if you were in the
President donald trump made a rare appearance in the White House Briefing room to downplay the threat of coronavirus the risk to the American People remains very low trump the klein told point to socalled corona virus czar as some lawmakers in the u. S. Have urged instead naming Vice President mike pence as the point person to lead the u. S. Response to the growing outbreak were doing really well and mike is going to be in georgia and mike will report back to me Top Public Health officials are warning americans to prepare for more corona virus infections in the United States the degree of risk has the potential to change quickly and we can expect to see more cases in the United States the trajectory of what were looking at over the weeks and months ahead is very uncertain but even with those warnings trump continued to contradict the message of Career Health professionals with his all i dont think its inevitable probably will it possibly will it could be at a very small level or could
A french taxpayers there all of whom are effectively backing up this debt so i dont fear of taking risks in. Government data has soared into the trillions of dollars in euro zone countries but those figures dont really mean much if you dont compare them to the wealth of a country its Gross Domestic Product or g. D. P. The countrys debt is measured as a percentage of g. D. P. Yet debt represents 50 percent and here 100 percent of g. D. P. In 1902 maastricht treaty laid down the terms for an integrated europe in order to keep debt from getting out of control experts agree that a countrys debt should not exceed 60 percent of its g. D. P. But that critical threshold has been largely exceeded by most European Countries joins us from get us what he said so more now we have a pretty up with the beauty of rio might have a pretty rigid there. When debt exceeds a certain level tax revenues start going up to pay interest on the debt instead of funding government expenses hospitals schools teacher