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To the closed session. [gavel clacks] the committee will come to order. The Committee Meets today to hear testimony on the administrations Defense Strategy and Nuclear Posture review. We welcome back the secretary of defense and vice chairman of the joint chiefs of staff to discuss these important documents. I cannot count the number of times i have heard members of this Committee Talk about the importance of having a Defense Strategy to help guide decisions that we executive branch have to make. Now we have one. It is a component of the Broader National Security strategy released in december,...

Review. This is about 90 minutes. The meeting will come to order. The Committee Meets today to hear testimony on the Administrations National Defense Strategy and Nuclear Posture review, both of which were recently released. We welcome back the secretary of defense and the vice chairman of the joint chiefs of staff to discuss these important documents. I cannot count the number of times i have heard members of this Committee Talk about the importance of having a Defense Strategy to help guide decisions that we, in the executive branch, have to make. Now, we have one. It is a component of the B...

Statement the fed held back from changing its line on the balance of risks. A number of Committee Meetings were edging in that direction. What did they do . It seems a compromise here. They do not change the balance of the risk statement but they add that word further a couple of times in the statement. That change was explicitly in the context of the brightening outlook that fomc officials have for growth in 2018. Said they agreed to update the characterization of the expectation for the evolution of the federal funds rate in the postmeeting statement to point to further gradual increases. It...

Congressman. Our next guest of the morning is representative garret graves of louisiana and here to talk about what happens when the areas of the country get ravaged by storms. Could you give us yours experience in louisiana and take us back to what you did before you came to congress . Sure. We have a wlabd slachbd surveyi company, so ive spent my whole life in the unique terrain. But a few jobs back, i was responsible for largely restoring the coastal wetlands following 2005 hurricanes. One of the largest projects in u. S. History. And made extraordinary progress helping to improve the resil...

Allegiance to the flag. I pledge allegiance to the flag of the United States of america. And to the republic for which it stands, one nation, under god, indivisible with liberty and justice for all. Thank you. Our secretary will call the roll. Roll call. President scott. Present. Vice president lim, excused. Commissioner follansbee, excused. Commission sass expected. We dont have a quorum but we will by the time we get to an action item ive been assured by those expected commissioners. We do have some opening remarks so if youd call on discussion item 1 please. Item one opening remarks, Health...