Good afternoon. Well call this hearing to order. I thank everyone for coming. I want to welcome our guest with us to day, secretary of treasury mr. Mnuchin. Thank you for joining us. Today we look forward to discussing the departments budget request as well as some of the assumptions and policies inclu included in this year 2018. The president s budgets proposes cutting spending by 3. 6 trillion over the next ten years while making key investments to spur Economic Growth and job creation. I believe it is honest and impressive and includes major middle income and business tax cuts through tax reform allowing individuals and constituents all across the country to keep more of their paycheck for themselves. It also has a trillion dollar public and private plan for national infrastructure. It rescues families from a Failing Health care law. It build upon our spending cuts and further reduces the size of many federal agencies if not eliminating agencies altogether. The president rightly wan
Reserve vice chairman for bank supervision. Idaho senator mike crapo is chair of the banking committee. Thank you very much. And would the witnesses for our hearing please come and take their seats and while theyre doing that, senator shelby cant be here for his questioning time and so hes asked for just like a minute to make a quick statement. Ill be real quick today. I just want to say i wont be here. Ive got to preside over a appropriation hearing. But i believe that president has sent twous two good nominees. One we waited a long time for the vice chairman for the supervision of the fed. I think these are outstanding nominees. I hope you the hearing goes well and we can expedite the nominees and get them in place. Thank you. Thank you, senator shelby. All right. The hearing will come to order. This morning well consider the nominations of mr. Joseph otting to be comptroller of the currency and randal quarrels to be a member of the board of governors of the Federal Reserve system an
Reserve vice chairman for bank supervision. Idaho senator mike crapo is chair of the banking committee. Thank you very much. And would the witnesses for our hearing please come and take their seats and while theyre doing that, senator shelby cant be here for his questioning time and so hes asked for just like a minute to make a quick statement. Ill be real quick today. I just want to say i wont be here. Ive got to preside over a appropriation hearing. But i believe that president has sent twous two good nominees. One we waited a long time for the vice chairman for the supervision of the fed. I think these are outstanding nominees. I hope you the hearing goes well and we can expedite the nominees and get them in place. Thank you. Thank you, senator shelby. All right. The hearing will come to order. This morning well consider the nominations of mr. Joseph otting to be comptroller of the currency and randal quarrels to be a member of the board of governors of the Federal Reserve system an
Reserve vice chairman for bank supervision. Idaho senator mike crapo is chair of the banking committee. Thank you very much. And would the witnesses for our hearing please come and take their seats and while theyre doing that, senator shelby cant be here for his questioning time and so hes asked for just like a minute to make a quick statement. Ill be real quick today. I just want to say i wont be here. Ive got to preside over a appropriation hearing. But i believe that president has sent twous two good nominees. One we waited a long time for the vice chairman for the supervision of the fed. I think these are outstanding nominees. I hope you the hearing goes well and we can expedite the nominees and get them in place. Thank you. Thank you, senator shelby. All right. The hearing will come to order. This morning well consider the nominations of mr. Joseph otting to be comptroller of the currency and randal quarrels to be a member of the board of governors of the Federal Reserve system an
Statement. Ill be real quick today. I just want to say i wont be here. Ive got to preside over a appropriation hearing. But i believe that president has sent us two goodnominees. I hope the hearing goes well and we can expedite the nominees and get them in place. Thank you. Thank you,senator shelby. All right. The hearing will come to order. This morning well consider the nominations of mr. Joseph otting to be comptroller of the currency and randal quarrels to be a member of the board of governors of the Federal Reserve system and vice chairman for supervision of the board of governors of the Federal Reserve system. Welcome to both of you. Thank you. And congratulations to you on your nominations to the important offices. I see that you have friends and family sitting with you. I welcome them heretoday as well. These two positions are critically important to ensuring a safe, sound, and vibrant Financial System. Were fortunate to have two highly qualified individuals to consider for the