The Senate Finance subcommittee on fiscal responsibility on Economic Growth is a virtual hearing on the fiscal outlook and i thank you all for participating. I thank you all for participating and i think its going to be good and im sorry we couldnt have had it in a more to say a more formal setting because it may been better attended. Im not sure any hearing we have had would be any more important in the spirit her witnesses will be the director of the Congressional Budget Office and jeans are darl who is the comptroller general of the United States in the head of the u. S. Government Accountability Office. With that i will make my Opening Statement and turned to Maggie Hassan my Ranking Member and then i think Ranking Member wise and for the entire committee for statement you would like to make as well. Again thank you all for being here. Im grateful to all who are joining us via the internet. Today we will address the topic a with refer to shy away from addressing her nations run awa
202140 upon competition. Tips and more information on how to get started at a website, student cam. Org. The house Small Business subcommittee held a hearing on the Paycheck Protection Program also known as ppe. Small Business Owners testified about their experiences applying for ppe loan forgiveness. An excellent how this process could be confusing. We are meeting today to conduct an important hearing onl the Small Business administration Paycheck Protection Program or ppe. Specifically, a review of the loan forgiveness process. I want to thank each of the witnesses for their testimonies today. In the pastovas several months s committee has held numerous hearings on ppe. We have heard from borrowers and lenders about the challenges they face. Ive also traveled across counties in new jersey to speak with Business Owners about how e they fared during this pandem. And for some of them discuss the challenges they face with the ppe. In uncertainty about the futureo holds. Borrowers to even
We are meeting today to conduct an important hearing on the Small Business administration Paycheck Protection Program, or ppp, specifically, review review of the loan forgiveness process. I want to thank each of the witnesses for their testimonies today. Over the past several months, this committee has held numerous hearings on the ppp, and weve heard from borrowers and lenders about the challenges theyve faced in accessing the program. Ive also traveled across my district of burlington and ocean counties in new jersey to speak with Business Owners about how theyve fared during the pandemic, and ive heard some of the successes and challenges theyve faced with ppp and uncertainty about what the future holds. From borrowers who eventually did access a loan, the Committee Heard concerns about complicated, unclear, and sometimes conflicting Program Rules and other requirements associated with loan forgiveness. Lenders also expressed a great deal of frustration over the needlessly complicat
Golden gate park is 52, South Southwest breeze at 4 miles per hour, so a slight punch there. No big deal. On the san mateo coast, it is going to burn off to sunshine, 60s and 70s today. It will be a Beautiful Day in this ones comfort zone. And sal, anything with us going on . Youre right, it is in my comfort zone there, hoping to give you a nice look at the bay area commute if you have to go. Right now it looks all right if you are driving on the bay bridge i like the way it looks, with no major issues. Weve had a couple of construction closures, but traffic is relatively light out there. Its a little better than it has been the last few days of the week. Certainly people are out there. In fact there are more out there now in the eight or 10 weeks we have been in this pandemic than we were at the beginning, but its not stopping. Lets go back to the headlines. All right, sal, there is a new report that there are 5 million confirmed coronavirus cases around the world, according to resear
Futures at start of trading as businesses reopen this morning, dow industrials up 350 points, 1 and a half percent. S p is up 41 and the nasdaq higher by 114, this after the dow, nasdaq and s p 50 finished down in the week despite fridays days as you can see, dow industrials were down 2 , 2 and twothirds percent, the nasdaq down better than 1 , tensions between the United States and china continue to rise, lawmakers looking to offer big incentives to move supply chains from china to america. President trump versus president obama. President trump calling predecessor incompetent as president obama says they leaders pretend to be in charge. Sports is coming back, the roar of the engines returned this weekend as checker flags dropped on nasdaq, caused drivers to hit the brakes, mornings with maria is live right now. Maria Global Markets this morning look like this, major areas of the world are reopening for business leading to gains across the world, as you can see in europe theres a stro