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Treasury secretary and Federal Reserve chair paul testified on the federal governments response to the corona virus pandemic. Including the impact of the Paycheck Protection Program on Small Businesses. From the House Financial Services committee, this is two hours. [inaudible conversations] [inaudible] including some required by the regulations. [inaudible] Remote Committee proceedings. Ive asked all members on the platform to keep themselves on me what when they are not being recognized. This ...

From the House Financial Services committee, this is two hours. [inaudible conversations] [inaudible] including some required by the regulations. [inaudible] Remote Committee proceedings. Ive asked all members on the platform to keep themselves on me what when they are not being recognized. This will minimize disturbances while members are asking questions of the witnesses. Members on the platform are responsible for muting and on muting themselves. The staff has been instructed not t to meet it...

Extension of credit from private lenders. They are designed to support the functions of private markets, not to replace them. These are lending, not spending powers for others, alone that can be difficult to repay might not be the answer in these cases direct fiscal support may be needed. Our economy will recover fully from this difficult period we remain committed to using our full range of tools to support the economy for as long as needed thank you. Thank you very much chair powell i now reco...

We saw a push higher in the session when the governor of the bank of england toned down the speeches we have seen as of late when it comes to negative rates. We will see whether ultimately he has to deliver on negative rates. Apparently the mood music has improved on that for today. Politics when it comes to the btp markets, today we have seen a significant pushback for the Prime Minister against mr. Salvini in local elections. The market has taken that positively. Alix just to pipit off what i ...

First, i would ask all members on the webex platform to keep themselves muted when theyre not being recognized. This will minimize disturbances while members are asking questions of our witnesses. Members on the webex platform are responsible for muting and unmuting themselves. The staff have been instructed not to mute members except where a member is not being recognized and there is inadvertent background noise. Members on the platform are reminded they may only attend one remote hearing at a...

Chambers testify about their concerns. From february until april of 2020. But the closure rates for minority owned businesses are significantly higher with 41 of blackowned businesses, 32 of latino acts owned businesses and 22 of asian businesses. They closed over the same time frame. Now, in april of this year the federal return bank of new york reported that minority and women owned businesses are significantly more likely to show signs of limited Financial Health and are twice as likely to be...

Be used to spur economic recovery but first remind folks what the Tax Foundation does and how you do it. The Tax Foundation is an organization that educates the public on tax policy and also assist members of congress in developing tax policy. We do in particular analysis of the cost to the economy and to the government of tax increases or tax decreases, Tax Foundation. Org is a website as. As we look at recovery efforts, its now been four months since america startedon shutting down. Congress c...

Foundation does and how you do it. Is an the Tax Foundation organization that educates the public on tax policy and also assists members of congress in developing tax policy. We do in particular analysis of the costs to the economy and to the government of tax increases or tax increase tax decreases. Host as we look at recovery efforts, it has now been four months since america started shutting down. Congress appropriated over 2. 5 trillion in response. At what point do we start focusing on long...

Process and wait times for receiving loans. From the house Small Business committee, this is about two hours. I want to thank everybody for joining us. I want to know important requirements. Let me begin by standing in that test by stating that house rules will continue to apply during the proceedings. All members are reminded that they are expected to adhere to these standing rules, including decorum. With that said, the technology we are utilizing today requires us to make some small theficati...

Chair discusses the coronavirus. Join the conversation on facebook and twitter. Washington host good morning. It is monday, july 13, 2020. A threehour washington journal ahead and we begin the day the race from the for the white house and we are three weeks away from Vice President joe biden announcing his running mate. We want to hear from democrats who do you think joe biden should pick to be on the 2020 ticket . Democrats in the eastern or central time zones can call in o 274 88000. You can a...