Page 3 - Security Trustees News Today

Congressional staffers on proposals to address the debt and deficit. Okay. Thank you, ken. And i want to thank everyone for actually coming back after lunch. Its still pretty full and i wasnt sure that was i going toe the case but i guess with the starstudded panel its really what everyone was rating for and why you all spent the whole morning here last night i went to sleep, i was thinking this event is set up perfectly, the sequencing of the panel first the director women will give us the perc...

Succeeded. In a surprise move, the worlds second largest economy devalued its currency by nearly 2 against the u. S. Dollar. Its largest devalue situation in 20 years. A weaker yuan would make chinas goods more affordable to foreign buyers so its being interpreted that chinas economy is in jeopardy of a deeper slow down which sent stocks tumbling. The dow jones fell to 17,402. Nasdaq dropped 65 and the s p 500 sank 20. Commodities also came under pressure since china is a big buyer of them. Oil ...

Succeeded. In a surprise move, the worlds second largest economy devalued its currency by nearly 2 against the u. S. Dollar. Its largest devalue situation in 20 years. A weaker yuan would make chinas goods more affordable to foreign buyers so its being interpreted that chinas economy is in jeopardy of a deeper slow down which sent stocks tumbling. The dow jones fell to 17,402. Nasdaq dropped 65 and the s p 500 sank 20. Commodities also came under pressure since china is a big buyer of them. Oil ...

Been downgraded to a Tropical Storm. It came ashore late friday northeast of Corpus Christi as a category four hurricane. It has caused catastrophic flooding in texas. A lot of people are frustrated and dont understand why we are seeing trucks unfortunately, those trucks can only go so far. And hopefully today, we will get to the rest of you. Up on us. t give none of us are going to give up. Mark the houston mayor added that nearly 6000 people have moved into city shelters. Major airports out te...

The next chair of the council of economic advisers. His is an hour and 25 minutes. We will consider the nominations of Kevin Hassett to e the chairman and honorable patenaude as the deputy secretary. We will begin with an Opening Statement by me and senator brown and turn to senator ortman, who will introduce the witnesses. And senator shaheen, who will introduce ms. Patenaude. I see friends and family behind you as well and i see my good friend, bob dole, at least i did a minute ago and we welc...

Well the Social Security provides benefits that millions of americans rely on forget as we will hear again today Congress Needs to act so we can be sure those benefits will be there for our children and grandchildren just like they are for seniors and individuals with disabilities today you hear from the chief actuary about the report and while it did have good news for the Disability Insurance program make no mistake Social Security faces serious challenges the Trustees Report tells us that thi...

The chief actuary discussed the report on capitol hill before a house ways and means subcommittee. This is just under an hour. Mr. Goss good morning. He and i have decided were going to start the hearing early. And since yall are here, or since youre here, is that all right with you . Mr. Goss just great. We all know Social Security provides important retirement and disability benefits that millions of americans rely on, hear again today conquer Congress Needs to act so that we can be sure those...

Need to know ahead of those numbers. We are coming off of another record close for the dow industrials, 24th alltime high this year. Futures indicating a bit of a pullback this morning, fractional move coming off the high. Dow industrials set to open up ten points and whether or not that changes things. The european markets are mixed, european indices as you see there, majors are flat. In asia overnight gains across the board to report, fractional moves, nonetheless but in the plus column. Plane...

Later, live sunday starting at noon eastern on American History tv on cspan 3. Social security chief actuary steven goss recently testified on the current status of Social Security trust funds. He also discussed potential solutions for making sure the funds stay solvent. This house ways and means subcommittee hearing just under an hour. Good morning. We have decided that were going to start the hearing early. Since you all are here or since youre here, is that all right with you . Sounds just gr...

The Board Benefit cuts if congress doesnt act. Once they are kpaused Social Security will only be able to pay 77 of promised benefits. Thats wrong and unacceptable. They also tell us today it would take 12. 5 trillion to make it valueva solvant. The number gets bigger every year. In 2011 when i first held a hearing on a Trustees Report it was 6. 5 trillion. Fixing it will require tough choices, choices that will effect the lives of millions of americans. I can tell you they arent easy choices. W...