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Transcripts For CSPAN2 Key Capitol Hill Hearings 20151024
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The clerk will read a communication to the senate. The clerk washington d. C, nod conversation will now come to order and the chair recognizes himself for five minutes for the purpose of an Opening Statement. This morning, first let me welcome our witnesses. This morning we will receive an update on the Consumer Protection efforts in place to address the fraud risk for americas seniors. As of july 2013, there are over 44 million americans who are older than 65. That almost 14 of the population. The population, 65 and holder in the United States, projects to outnumber people younger than 18 for the first time in 2033. A mere 18 years from now. The Median Income of these households is over 35,000 per year, and 71 report having a computer in their home. The median networth of seniors 65 and over is 25 times that of people under 35 years of age. The expanding population of Older Americans and their relative wealth compared to other age groups increases the risk that someone will want to ta
Changes the conversation because focusing on advancing women and, again, i want women in the top of every profession but when we think about it that way, we start counting. Because thats the way you measure how well women are doing, how many women are in fortune 500 and how many women are in Senior Management and how many women are computer scientists. All that have does focus pretty much on wealthy white women, by and large. It does not phofocus on the millions of the women at the bottom. One of the thing i realize, we have too few women at the top and too many women at the bottom and care or our lack of support for care plays a role at both ends. At the top end, if you take time out for care, your career goes off track. But for the millions of women at the bottom not supporting their care means if they take a day off they could lose a job, right . So focusing on care says we have to put in place the policies that rich women can buy their way out of often. We have to put in leave, pai
State of play there . Jim, are you following that . Well, a bit. Im not probably not as expert as some others are on this. But certainly i think youre right that the because we are two such gigantic financial markets, the opportunities in liberalization there or harmonization are tremendous. The benefits that flow from that are probably as large as anything you could think of in the entire ttip agreement that would flow from that. In the United States the reluctance on the part and i think we should be doing it. I think the reluctance in the United States is the passage of dodd franks and nobody wants its too new, nobody wants to tamper with that, nobody wants to tinker with that. I think it definitely needs some tinkering with, but nobody really wants to deal with dodd frank and the secretary of treasury, this is a little bit of a turf battle, the secretary of treasury saying thats our area. Trade negotiators dont get into these Financial Services issues, thats for treasury to negotia
Theres more road to the whos coverage this evening on the cspan networks. Donald trump is speaking in florida at the Trump National doral miami. A golf resort he owns. Thats at 7 00 eastern on cspan. And at k 30 here on cspan, texas senator ted cruz hold as town hall meeting in council bluffs, iowa. A house energy and commerce subcommittee held a hearing earlier today on protecting Senior Citizens from fraud. Texas congressman Michael Burgess chaired the hearing. Its two hours and 15 minutes. Mr. Burgess the subcommittee will now come to order. And the chair recognizes himself for five minutes for the purpose of an opening statement. This morning, first let me welcome our witnesses. This morning we will receive an update on the Consumer Protection efforts in place to address the fraud risk for americas seniors. As of july, 2013, there are over 44 million americans who are older than 65, thats lmost 14 of the population. The people 65 and older projects to outnumber the people younger t
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