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Network Dagen Mcdowell as always, pwc partner and cfr Mitch Roschelle and lindsey bell maria markets this morning, quiet situation going do what could be fireworks in next 2 days, dow industrials down 71 points, nasdaq down 27, Federal Reserve jay powell testifying before the House Financial ServicesCommittee Later this morning, markets are watching specifically to see if powells comments indicate signs of a future rate cut, a lot of people yesterday, Jon Hilsenrath said, well, if its not july, itll be september, lindsey, you have a lot of thoughts on this. Yeah from the testimony today and tomorrow, im not speaking anything new out of fed ch ....
Congress. I want to express my appreciation to the witnesses who have come to share testimony today. Its a rare occasion that we can get to hear from the hard working folks who make up our state and local governments. Former mayor of springfield i can tell you my experience as to how important the work all of you do is. It is from that lens that i view the issue of state and local Tax Deductions as s. A. L. T. I view it from the Vantage Point of someone whose Life Experience has been a testament to the impact and investments made and Services Provided by local governments and what those investments can mean in terms of the lives of our citizenry. Over xi be that choeinsuring maintaining roads, bridges and tunnels, so people can get to where they need to be is par ....
Of us that are living on the west coast, this is about the time when the dinner dishes are done, the kids homework is done, theyre in bed. You can actually sit down at your computer and go online and try to figure out what might be the best option for you on an exchange. But were being told that the exchange is going to be down between the time that most alaskans and certainly hawaiians that are time hours five difference instead of the four hours that alaskans are, that are not going to be able to go online and to address it there. Thats one aspect of it, is where we are with the exchanges and what thats going to mean if were still going to continue with the deadlines that have been put in place by the administration in terms of when you have to sign up by and when you may be assessed a fine or a penalty for failure to successfully enroll. I mentioned that on friday there were some 5,600 alaskans actually excuse me. 5,360 alaskans who received discontinuation notices from premiera. Pr ....
Frankly, most importantly, we can all agree coming to some agreement in a reasonable time frame is probably the most important thing this committee can do to help grow our economy. And doing it on a timeline that allows the Appropriation Committee to deliver a result without shutting down the government or putting it at any risk is about the best thing we can do. I will agree we cant simply grow our way out of our problem. We have to address the driver of our debt and deficit. We have to dont reduce our deficits which weve cut in half over the last four years. If we dont, interest intense is a very real threat for crowding out both public and private investment in education r d and infrastructure. Over the last three years weve made real strides in reducing our deficit. We saved more than 12. 5 billion. Thats been unbalanced. About 70 has been from spending cut. 30 from revenue. We need to do more but we have do it, i bel ....
Well, good afternoon. Its been a long time in coming, but we are here. And its wonderful to have the opportunity to have all of us here today together. I was thinking, mr. Chairman, that when you and i started, i remember when i came into the house, we were kind of at the low end of the totem pole on the Agriculture Committees. And now we both have the honors of working together. And it really is an honor to work with you as we bring this final farm bill home. And thats what were all doing. This has been a wonderful process with our four agricultural leaders, with Ranking Member peterson, with Ranking Member cochran, and our first farm bill to pass the senate with Ranking Member pat roberts. We have had a very important, and i think, precedent setting opportu ....