Dr. Schaffner we will have to end it now. We will take it to the floor now. [captioning made possible by the national captioning institute, inc. , in cooperation with the United States house of representatives. Any use of the closedcaptioned coverage of the house proceedings for political or commercial purposes is expressly prohibited by the u. S. House of representatives. ] the speaker pro tempore the house will be in order. The chair lays before the house a communication from the speaker. The clerk the speakers room, ashington, d. C. , march 27, 2020. I hereby appoint the honorable anthony g. Brown to act as day. Ker pro tempore on this signed, nancy pelosi, speaker of the house of representatives. The speaker pro tempore the will be offered by the guest chaplain, reverend dr. Dan capitol worship, washington, d. C. Me. Chaplain come pray with heavenly father, this morning, humblee to remember your servant, 91yearold holocaust rabbi kahn who lost his this week and just two dais ago at
Sale of oil from the Strategic Petroleum reserve through 2022. Included in this package, improvements to expand access to care through telehealth, including 200 million for the f. C. C. For Telehealth Services and devices, and expansion of Telehealth Services in the medicare program. It extends vital medicare, medicaid and Public Health programs, including Community Health centers, among many others, until november 30 this year. We mobilized the Nations Health work force by providing Liability Protections to those who provide volunteer medical services during the pu bl Health Crisis and by standing up the ready reserve. And we take steps to protect our medical supply chain, something i Hope Congress will continue to work on after we pass this legislation today. Todays phase three approach is the most comprehensive and robust response to covid19. Together were going to win this war and i yield back. The speaker pro tempore the gentleman yields back the balance of his time. The gentleman
Unusual session but critical. Mr. Speaker, this legislation represents a bipartisan and resolve to meet the coronavirus challenge head on. It represents a focusnt on families and workers with the objective to make them safer and economically supported. That will protect workers as we all doo our part to flatten the curve. Public Health Officials have made it clear the only chance we have c to prevent our system to be overwhelmed with the pandemic it is threatened to be for his as Many Americans to stay home as possible. It is however necessary for us to be here, to pass legislatio legislation, to respond on behalf of the American People through this daunting challenge. The closure the large parts of the economy must be temporarily shutec down cause severe disruption for businesses and workers we saw the impact of this yesterday when new Unemployment Insurance claims increased by more than 3 Million People 3 million individuals. Those that rely on them for support of their families and
Stabilized but that doesnt tell you what is happening beneath the surface. The 10year yielding 0. 8 . Updates on the outbreak in america. We are now more than 4,600 confirmed cases. At least 85 deaths last night, President Trump vowing to backstop u. S. Industries saying the u. S. Will be power fully supporting those Industries Like airlines and others impacted by the virus weigh will be stronger than ever before the eight largest u. S. Banks announcing they will be jointly accessing funding from the Federal Reserve. There has long been a stigma and they are all doing it together Morgan Stanley being the first bank to do it. We should not take anything away from that decision the ceo also happens to be the chairman of the committee that put this group together that went to do this. Joe. Investors are looking for a substantial fiscal response from washington to try to stem the he can economic damage. Reporter we do expect congress to move today not sure when the senate will take action,
Neil. Well, you said it when you set this up at the top. The conversation here on the floor has surpassed this notion of correction which the markets have gone straight through, but now traders are talking about bear market territory. That would be a 20 decline from alltime highs. Theyre saying they hope it doesnt happen, they hope maybe a bottom is set here today. The problem is theres just so much uncertainty, and we dont know where this whole situation is going to go. You know, the comparison has been made to the financial crisis, but there was an orderly process, right, between the government and the banks that stepped in to try to work on things. There was some uncertainty, but people were working on it. With this, were not sure how bad it can get, and thats whats spooking investors. Now, the s p 500 entering correction territory, it only took six days to get there. That is pretty staggering. The last high that we saw was on february 19th. Its been the worst trading week since tha