Coronas outbreak and the federal government coronavirus outbreak in the federal governments preparedness. And the federal governments preparedness. The appropriations subcommittee on labor, health, and Human Services, education and related agencies will come to order. Thank you, secretary azar, for being here. It has turned out to be a more eventful week than we anticipated, but we are grateful you have shown up as we asked to at the time we asked you to. The budget you suggested, the request, many of the same kinds of cuts that occurred in 2020, and i am sure we will have questions about that. It is not unexpected. I think you will recall when i called you with the final budget numbers from the 2020 budget. My first comment was, the good news is you didnt get what you asked for. Hopefully, that will be the case again this time. But you propose a 10 cut, similar cut you proposed in the past in programs that we would be very reluctant in the Health Care Workforces and preparedness progr
The appropriations subcommittee on labor, health, and Human Services, education and related agencies will come to order. Thank you, secretary azar, for being here. It has turned out to be a more eventful week than we anticipated, but we are grateful you have shown up as we asked to at the time we asked you to. The budget you suggested, the request, many of the same kinds of cuts that occurred in 2020, and i am sure we will have questions about that. It is not unexpected. I think you will recall when i called you with the final budget numbers from the 2020 budget. My first comment was, the good news is you didnt get what you asked for. Hopefully, that will be the case again this time. But you propose a 10 cut, similar cut you proposed in the past in programs that we would be very reluctant in the Health Care Workforces and preparedness programs and research programs, all that we have been about earlier today at the members reading on the current virus. Home energy, rural programs we wou
Health care costs. And much like that partisan lawsuit, President Trumps partisan budget exposes the truth behind that spin. Despite the promise to the contrary, this budget would slash 500 billion from medicare and medicaid. In fact, on seemingly every page of this, it takes huge steps backward on our nations most urgent challenges, proposing a small step forward with hiv pans but takesnsmissions, an enormously backwards with medicaid, which covers more than 2 5 of patients with hiv care, not to mention slashing investments in combating hiv overseas. These medicaid cuts would take us in the wrong direction when it comes to addressing mental and Behavioral Health challenges, like the ongoing Drug Overdose crisis or the increasing suicide rate by making it harder for people to get the care they need. In some states that have expanded medicaid, the Program Covers four out of five people receiving treatment for opioid addictions. To make matters worse for Behavioral Health, the budget eli
Nominee for the Federal Reserve. To be exact. [gavel] mr. Crapo this hearing will come to order. This morning we will consider the nominations of the honorable judy shelton to be a member of the board of governors of the Federal Reserve system. And dr. Christopher waller, to be a member of the board of governors of the Federal Reserve system. Welcome and congratulations to each of you for your nominations. I see friends and family in the room today and i welcome them as well. Were fortunate to have these two highly qualified nominees appearing today. These positions are critical to ensuring a safe, sound and vibrant Financial System and a healthy, growing economy. The Federal Reserve was created by congress as the nations central bank to promote a stable economy and a safer, more flexible Financial System. Among the Federal Reserves responsibilities is conducting the nations Monetary Policy with the mandate of promoting maximum employment, stable prices and moderate longterm Interest R
Mark. It did not manage to close above that yesterday after fed chair powells testimony. We will get more of that today, and the cpi data. The twoyear yield has been bouncing around, up 1. 85 today. Stories, bathher and beyond down 4. 7 . We will see what kind of halo effect that has down 7. 47 . We will say what kind of halo effect that has. Not many analysts were looking for a great quarter from their. 60bove 60 of arable a barrel for wti on the news, including another attack. In europe, we have a green screen, but nothing huge to write home about. Of stoxx 600 up about 1 4 1 . Really taking its lead from the United States. Kidney companies as well holding those industries higher. Coming up, we have fed chair powells testimony, but first we want to get to Michael Mckee in idaho. We have a very special interview. That is all coming up next, so you dont want to miss all of that. This is bloomberg. Michael good morning to everybody on Bloomberg Television and radio worldwide. Im Michael