Hearing is entitled an examination of the federal Housing Administration and its impact on homeownership in america. And i now recognize myselffor four minutes to give an Opening Statement. Okay. There was a time when fhas policies explicitly denied access to the American Dream of Home Ownership to black families and people of color. Making owning a home a privilege afforded primarily to white americans and and contributing to the racial wealth gap as we knowit. As a Third Quarter of 2019, the white homeownership rate is 73 percent compared to nearly 40 percent for latinos and 43 percent or black homeowners. Today, fha lays an Important Role in our Housing Finances that is helping to ensure that access to homeownership is broadly available and in fy 2019 alone fha helped over 615 thousand borrowers become homeowners for the first time with over 33 percent of fha markets endorsements. Serving minority owners and half serving low to moderate income borrowers. Fha also plays a vital role
This soviet era submarine was once a military threat today its a tourist attraction. In the 1980 s. Millions of people protested against new Nuclear Weapons and entire generation lived in fear. And at the end of the cold war thousands of Nuclear Weapons were withdrawn from europe and today top secret bases and Storage Facilities lie abandoned. These bunkers in a former american missile base in germany once housed Cruise Missiles the site now hosts a popular open air electronic Music Festival. The danger of Nuclear Conflict appears to have passed. But now new Nuclear Weapons destined for europe are being tested in the u. S. Nuclear war is more likely now than it was. The height of the current. Nuclear problem has not gone away its its changed its become something new and different some analysts call this the 2nd nuclear age. And we need to you shell use was all were facing the most dangerous military and especially Nuclear Security situation in europe today since the collapse of the sov
Current government funding expires friday at midnight. Youre watching live coverage of the senate on cspan2. The president pro tempore the senate will come to order. The chaplain, dr. Black, will lead the senate in prayer. The chaplain let us pray. Eternal god, help us to remember your mighty acts. You are kind and merciful, better to us than we deserve. You feed the sparrows and cause the sun to rise. You forgive our sins and provide us with strength for every challenge. Lord, use our lawmakers today for your glory. May they be courteous and kind as they seek to do what is best for this land we love. Remind them that they represent the hopes and dreams of many people. Thank you, lord, for the wonderful things that you continue to do for us all. We pray in your loving name. Amen. The president pro tempore please join me in the pledge of allegiance. I pledge allegiance to the flag of the United States of america, and to the republic for which it stands, one nation under god, indivisible
With the league of nation is a critical moment in history when america rejected a global role and retreated into isolation. The west unfortunately is history and since that time and the importance of engaging in the world. Rather than simply wishing them away several years ago David Ignatius from the Washington Post once wrote a column and he wrote about how the defining voices come from americas middle and he didnt just mean people in the middle of the political spectrum but in the middle of the country. Like senator howard baker of tennessee and arkansas or montana and senator mondale. I had given speeches at home about my own states transition from isolationism actually that you should paddle their own canoe. And then to see other elected officials. And with International Trade to open things up as well of course as senator humphrey and mondale. And that change coincided with more International Businesses and with outreach to the world why we have the highest rate of International A
It is wonderful to be here. Thank you for the work you doing. I note that i somehow made it here from the judiciary hearing on the Inspector General report on the fbi. Im here then can return to ask my questions, which means that that hearing is going on for a really, really long time. It is an honor to be here at the counsel on Foreign Relations which has played such a major role in the world for 98 years. You were founded in the league of world war i and treaty of versailles, which was when america rejected a b global role and retreated in isolationism. The rest unfortunately is history. Since that time, cfr has sought to help remind us of the importance of engaging in tworld and helps us think about how we can work to resolve global halls that affect us here at home rather than simply wishing them away. Several years ago, David Ignatius of the Washington Post once wrote a column call ed the internationalism of the heartland and in it, he wrote about how some of the defining voices o