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Middle east for the fiscal year 2020. We look forward to hearing from the witnesses about the 2020 budget2020budget for the departf Near Eastern Affairs bureau. Thanks the witnesses were appearing today and now recognize myself for the purpose of making an opening statement. Thank you assistant administrator for testifying today nearly three years into the administration the United States faces a multitude of challenges while the administration touts its maximum pressure policy, iran continues to destabilize from iraq to lebanon despite President Trumps bellicose rhetoric, tehran has been able...

Good morning, everybody. Thanks for joining us. We want to talk about a number of things this morning but in particular we continue to watch happening with this impeachment process. Any heney it is by definition a process that is an attempt in secret, in the capitol, to he unseat a duly elected president states. Nited its unlike anything weve ever seen before. We know what a constitutionally process mpeachment would look like. We saw that happen both with with ent nixon and president clinton. This is not that. This is not a search for the truth. Not a situation where youve got the majority, th...

Thanks for joining us. We want to touch on a number of things this morning but in particular we continue to watch whats happening with this impeachment process. It is any definition a process that is an attempt in secret in the basement of the capital to unseat a duly elected president of the United States. Its unlike anything weve ever seen before. We know what a constitutionally serious impeachment process would look like. We saw that happened both with president nixon and president clinton. This is not that. This is not a search for the truth. This is not a situation where youve got the maj...

What we are doing today. This whole festival is about the idea that we all have a stake in government. Of our and we as citizens should be more engaged and better informed as a way to motivate civic participation tams complicated and simple as that. For 10 years, the texas tribunes journalism, we have tried to give all of youened everybody else in texas and elsewhere, a way into that conversation. It is Public Service journalism in the ideal. We believe in it, we believed in it then, we believe in it now. Your being here makes an enormous difference. It tells me that like all of us at the trib...

Earlier today, less than five points from the s p 500 taking on a new high. Not quite making a mark at the close. It is worth noting, the brutal shownbeneath the s p 500. Y that 200 Day Moving Average if the s p 500 cap climbed higher, we could see more choppy now,ng, but 20 up right on pays for the best year since 2013. For me, it is about the bond market. The 10 year and thirtyyear year yields rising five basis points, meaning that twos and yield curve is steeping, a five or six level. Today we are getting that classic risk on fuel with yields rising, steepening that curve. The trend has bee...