Congressional Budget Office testify before the Senate Subcommittee on physical response ability and Economic Growth. Thank you all for participating. I think it will be good. Im sorry we cannot have it in a more, what to say, a more kind of formal setting because it may have been better because im not sure if there is any hearing we have that was more important than this. Our Witnesses Today will be philip schlagel, director of the congressional Budget Office and jean todaro who is the comptroller general of the United States and head of the u. S. Government accountability office. With that i will make my Opening Statement and then turned to maggie, my Ranking Member, and then Ranking Member wyden for the entire committee has a statement he would like to make as well. Again, thank you all for being here and im grateful to all who are there during us by internet. Todays hearing will address the topic that was shied away from Syrian Refugees and when it comes to our health we make choice
Includes a long serving cabinet secretary. Critics say that abe failed to deliver on promises. And one of chinas is conglomerates says it is optimistic about recovery. We hear exclusively from them later this hour. Arey lets look how we shaping up in the asian sect session. A muted outlook when it comes to asia. Sophie that is to be expected this morning. Malaysia and the philippines offline, those markets closed. S p addingfutures, 1 10 of 1 . A muted start for asian stocks. Havee earnings sprint, we withnames reporting along Cooper Energy and australia. Lets focus on new zealand. Efforts being made for trading to resume as normal on monday. We saw them close to record high on friday. Operators saying it is working with Security Partners to implement additional measures. Arrangements are in place to allow trading if the website goes down. Japanese politics front and center with several names in the running to replace shinzo abe. Japanese stock volatility picked upfriday, the yen firmi
Control of a chain of islands that china and taiwan both say belong to. A diminishing wilderness we look at the debate around Family Development versus destruction of mexicos fast. And sport nascar launched an investigation after a new switch found in the garage and driver Bubba Wallace meanwhile the Confederate Flag was found about the track in alabama with the word fine nascar after with banned from all racing. So then the epicenter of the coronavirus pandemic in the United States is entering a new phase after 3 months under lockdown offices restaurants and hair salons in new york city theyre reopening but as it relaxes many restrictions the situation elsewhere in the United States is troubling the daily number of cases is now at its. Level in almost 2 months sunday saw more than 183000 new infections reported across the world its the worst day yet one in brazil the number of deaths the last 50000 and despite a resurgence of cases in china beijing has not reported a drop in numbers w
Bars and restaurants close . V. P. Pence thank you, mr. President , and good afternoon. Than 2900 cases of coronavirus in 49 states around the country, i want to assure the American People that this administration, all of our partners at the state level and local Health Officials have no higher priority than the health and safety of the American Public. Cap the president s direction we will continue not only a whole of government approach, but as we discussed today, we will continue to build on a whole of america approach to confront the coronavirus across the country. The Health Experts continue to groom firm confirm, based on the latest information, for the American People as a whole the risk of serious illness remains low. But because the risk is heavily weighted to the most vulnerable, to people with immunodeficiencys and to i and peopleencies with serious Underlying Health conditions, our administrations, state administrations will continue to focus on the most vulnerable and we w
Decision to temporarily lower Interest Rates to zero. Beautiful day outside. I think we have some great things to talk about. The federal reserve, as you know, it just happened 10 minutes ago but to me it makes me very happy and i want to congratulate the federal reserve. For starters, they lowered the federal rate from what it was, from 1 to one point 25 , and 0. 25 . Down to 0 , to so 0 to 0. 25 . Thats a big difference, quite a bit. And in addition, very importantly, the federal reserve, they are going to be purchasing 500 billion of treasuries and 200 billion of mortgagebacked securities, and that number can increase, but they will start with that. Thats really good news. Really great for our country. Something that were very happy, i have to say, im very happy. They did it in one step. They didnt do it in four steps over a long period of time. They did it in one step, and i think people in the market should be very thrilled. Were the strongest country in the world by far, financia