Span radio app. Federal reserve chair Jerome Powell appear on capitol hill for the second time this week to testify on the Economic Impact of the coronavirus. This hearing is just over two hours. Welcome everybody. ,oday our select subcommittee some members will appear in person and others may appear remotely. Welcome everybody. Today our select subcommittee, some members will appear in person and others may appear et d , all individuals attending this hearing in person must wear a mask or face covered. Ing. Over members who do not wear a Face Covering will not be recognized to speak. Let me make a few reminders about hearings. For those members appearing in able to seewill be members appearing remotely on the monitors in front of you. On one, you will see all the members appearing remotely at as gradehat is known view mode grid view mode. On the other monitor you will see each person speaking during the hearing when they are speaking, including members who are appearing remotely. For
Welcome everybody. ,oday our select subcommittee some members will appear in person and others may appear remotely. Since some members are appearing in person, let me remind , all individuals attending this hearing in person must wear a mask or face covered. Ing. Over members who do not wear a Face Covering will not be recognized to speak. Let me make a few reminders about hearings. For those members appearing in able to seewill be members appearing remotely on the monitors in front of you. On one, you will see all the members appearing remotely at as gradehat is known view mode grid view mode. On the other monitor you will see each person speaking during the hearing when they are speaking, including members who are appearing remotely. For those members appearing remotely, you can see each person speaking during the hearing whether they are in person or remote if you have your web app set to active speaker mode. If you have any questions about this, contact a member of staff immediatel
Shall observe. You will see the memorial event unfold throughout our program today. The stock market trading begins at 9 30 a. M. And were at a modest gain after yesterdays late and very big selloff, the dow is probably going to be up 90 in the modest gain for the s p of 37 on the nasdaq. That is at the open. We have no idea how the market closes today. Look at this, peloton, the stock of the day if not the week terrific Earnings Report, huge increase in sales and a rosy projection for the future. Watch that stock go. Peloton is up 9 at 97. I have three quick headlines for politics and money. Microsoft says russian chinese and iranian hackers are targeting the 2020 election. No impact on the stock of course but this is a clear warning. Joe biden is embroiled in a teleprompter dispute. Does he use one to help them answer questions. Surely that is out of balance but articulate president ial candidate. In the nfl is back completely protest into and thumbs you will see it all. September 11
[inaudible conversations] good morning this hearing will come to order. Its the day to do the environment subcommittee with fiscal year 2021 budget request for the Environmental Protection agency. And acting chief Financial Officer welcome to both of you. The president s request 2021 to 66 billion to the epa and 27 percent cut hello fy 2020. This seeks to undo all the progress we were able to achieve in a broad bipartisan basis fy 2024 example to request to eliminate 30 mine Million Dollars of new funding we provided to the epa and requests with Clean Energy Funding grants by 47 percent and 9 milliondollar cuts fy 2020 also 870 million from the 3 billion we invested to rebuild our crumbling Water Infrastructure. I held a listening section in st. Paul they would lose 56 percent of federal funding and approximately 75 percent of the cats were to go through the minnesota pollution control that air pollution monitoring for the communities back home and clean water action said it would be a
[inaudible conversations] good morning. Today is the day we will examine the president s fiscal year for the epa joining with morning is administrator wheeler and acting chief Financial Officer. Welcome to both of you. Fiscal year 2021 the president s 66 billion to the epa but this request the presidency of what you were able to achieve on the fy 2020. And then to eliminate the new funding we provided to address pfas and the Clean Energy Funding grants c by 47 percent at 409 million fy 2020 also has money from the 3 billion we invested with our nations crumbling Water Infrastructure. Recently held a listening session and they would lose and what at what happened of these cuts were to go through the pollution control also proposed cuts to the clean water grant act air pollution and monitoring to have our communities back home included it would be an absolute catastrophe for clean water. And i directly heard about concerns with the budget with the pfas pollution it could be truly devasta