Clock to show you how much time is remaining. All members and witnesses need to be especially mindful of the fiveminute clock. At 30 seconds remaining ill , gently tap the gavel to remind members their time has expired. To simplify the speaking order process, the commission has decided to order ourselves alphabetically. With that, welcome to this virtual hearing convened by the congressional oversight commission, pursuant to section 4020 of title 4, subtitle of the cares act, the Commission Must conduct oversight of the 500 billion authorized for the Exchange Stabilization fund. As part of our oversight work, the commission has decided to hold this hearing today which will examine the main Street Lending facilities. The Federal Reserve established the main Street Programs to support lending to small and mediumsized businesses, and nonprofit organizations that were sound before the covid pandemic. The program operates through five facilities which we will learn more about this morning.
Small and mediumsized businesses that were in sound Financial Condition before the virus impact of the economy we will hear from the head of the fed in boston and banking and business leaders. Will come tog order. This is a hybrid hearing meaning some of our commissioners are appearing in person and witnesses will testify remotely. Let me offer a few Video Conferencing reminders. Before you start speaking there will be a slight delay before you are displayed on the screen. Click the mute button until your turn to speak or to ask a question. If there is a technology issue, well move to the next speaker until it is resolved. You should all have one box on your screens labeled clock to show you how much time is remaining. Congressional Oversight Commission pursuant to section 4020 of title 4, subtitle of the cares act, the Commission Must conduct oversight of the 500 billion authorized for the Exchange Stabilization fund. As a part of our oversight work, the commission has decided to hold
Commission has decided to order ourselves alphabetically. With that welcome to this virtual hearing convened by the Congressional Oversight Commission pursuant to section 4020 of title 4, subtitle of the cares act, the Commission Must conduct oversight of the 500 billion authorized for the Exchange Stabilization fund. As part of our oversight work, the commission has decided to hold this hearing today which will exam examine the main Street Lending facilities. The Federal Reserve established the main Street Programs to support small and immediate you yumsized business answer Nonprofit Organization that is were in found sentence condition before the onset of the covid19 pandemic. The program operates through five facilities which we will learn more about this morning. The programs being administered by the Federal Reserve bank of boston todays hearing will have two panels. President eric rosengry. N, Federal Reserve bank of boston will testify during the first panel. Second panel will i
Hello im Adrian Finnegan and this is counting the cost on aljazeera a look at the world of business and economics this week brazils president s handling of the Coronavirus Crisis could see the economy slump to its worst performance since 1900. No longer recession proof more than 1000000 Health Care Jobs have been lost in the United States during the pandemic. A recession courts against bailouts and maybe finally a fiscal union will Angela Merkels 500000000000. 00 euro plan save the european union. The coronavirus pandemic hasnt spread a single nation or economy but the way some governments have handled the crisis has raised eyebrows brazils right wing populist leda jaya balsam out o. Has been dismissive about the Health Crisis and implored people to ignore State Government ordered lock downs and social distancing measures the result brazil has the 3rd highest number of confirmed corona virus cases behind the us and russia a study by Imperial College suggests that 700021 1000000 brazili
Listen this is the moment you stop all the 30 action this is the moment. Im fighting every night we meet with newsmakers the stories of the. 0. Hello im adrian figure this is counting the cost on aljazeera a look at the world of business of economics this week brazils president handling of the Coronavirus Crisis could see the economy slumped to its worst performance since 1900. No longer recession proof more than 1000000 Health Care Jobs have been lost in the United States during the pandemic. And recession courts against bailouts and maybe finally a fiscal union will Angela Merkels 500000000000. 00 euro plan save the european union. The coronavirus pandemic hasnt spared a single nation or economy but the way some governments have handled the crisis this raised eyebrows brazils right wing populist leda jaya balsam out o. Has been dismissive about the Health Crisis and implored people to ignore State Government ordered lock downs and social distancing measures the result brazil has the