Stability. I want to inform all concerned that this meeting will end at 1 00 per the request of the p. M. Secretary. I now recognize myself for four minutes to give an Opening Statement. So let me welcome back secretary mnuchen. Today, we are here to discuss the Trump Administrations actions that have undermined and not promoted our nations Financial Stability. As i have said many times before, i am very concerned about this administrations actions to eliminate important protections for consumers, investors and our economy. It appears that our banking regulators are following the deregulatory blueprint that the Treasury Department, under secretary mnuchens leadership, has mapped out point by point and rolling back many of the Critical Reforms democrats made to prevent another financial crisis. If these rollbacks continue, there will be grave consequences for Financial Stability in our economy. The 2008 financial crisis was devastating for our nation. 11 million americans lost their hom
Investigation. An expected vote by the House Judiciary Committee on articles of impeachment was postponed. The vote is expected this morning. The decision by Committee Chairman jerry nadler to delay the vote came after more than 12 hours of grueling debate. Republicans on the panel erupted in anger following the announcement. Laura podestas here in new york. Why was the vote delayed . Reporter well, according to chairman nadler, it was to allow Committee Members to really think about all the discussion over the last two days and to search their conscience before casting their votes later this morning. Republicans argue democrats moved the vote to Daylight Hours for tv ratings. The committee is in recess. Reporter House Judiciary Committee chairman jerry nadler left republicans stunned late last night. This crap like this is why people are having such a terrible opinion of congress. Reporter 14 hours after the hearing started, nadler pushed the votes on the two articles of impeachment t
C the committee will come to order. Without objection, the chairs authorized to declare a recess of the committee at any time. This hearing is entitled promoting stability, reviewing the administrations deregulatory approach to Financial Stability. I want to inform all concerned that this meeting will end at 1 00 p. M. Per the request of the secretary. I now recognize myself for four minutes to give an Opening Statement. So let me welcome back secretary mnuchen. Today we are here to discuss the Trump Administrations actions that have undermined and not promoted our nations Financial Stability. As i have said many times before, i am very concerned about this administrations actions to eliminate important protections for consumers, investors and our economy. It appears that our banking regulators are following the deregulatory blueprint that the Treasury Department, under secretary mnuchens leadership, has mapped out point by point and rolling back many of the Critical Reforms democrats
Should take some of this moisture, still mostly cloudy. If you can get some sun breaks, san jose, livermore and the peninsula. Too much cloud cover, light rain. Still 60 degrees. 7 01. Sal is here. Well, the east shore freeway is cleared up which is nice. We had that crash completely gone here was taken out of the lanes and moved out. But now its completely gone and its going to help traffic come through at the macarthur maze. When you get to the bay bridge a backup there which is typical. No major issues on 880 also it is slow. Well tell you more about the morning commute in the south bay in a few moments. Lets go back to desk. A three car crash an gravel spill brought traffic to a halt. Showing us what its like there now, youve moved off the highway, so everything is open there again it looks like. Reporter good morning, allie, yeah, lanes were closed for 4. 5 hours. As you county radar can see both directions back open, traffic moving again along highway 101 through palo alto. There
This is nothing this is something we should work on, and the work on this predated me coming to treasury and this has been a long time, and as i mentioned earlier, we may come back to congress and suggest that you pass legislation. I would ask you, this is not on your 2021 calendar. This should be on your december calendar. I agree. I look forward to working with you. I need to know whether you need legislation. I need to know what you need and we need to make sure that are 2 billion of outstanding debt where people kbts determine what interest is supposed to be paid, and i want to move on because i do chair the asia subcommittee for another week, and we focused on china. China could end up with 1. 5 billion of world bank loans. This is under discussion now. Chinas income has exceeded the level where they should be eligible for these loans and the Chinese Government has enough money to put a million uighurs behind bars and to build a military complex that destabilizes the world so it s