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Who took part in our 2017 studentcam documentary competition. And studentcam 2018 starts in september with the theme the tunisi tunisi constitution you. Were asking students create a video of why the constitution is important. Now a House Oversight hearing on a bill to reauthorize the office of National Drug control policy. This is almost two hours. The committee on government oversieft and reform will come to order. Without objection, the chair is authorized to call a recess at any time. Before we get to Opening Statements, i want to thank everyone. Our guests, our panelists, those in the aud...

Indexes were pulling back. You can see, were now flat across the board. The nasdaq just inching positive. All and all, one of the rare not up days for your stock investments. And of course all of this coming ahead of what is likely just the second fed rate hike in a decade. Tyler . Thank you very much, brian. We are less than an hour away from that fed rate decision. Most people do expect a quarter point hike. Could it be more . Well explore that in this hour as well. It has been a year since the last hike, then there is yellens News Conference, thats at 2 30 eastern time. Steve liesman follow...

Worry about the fed being behind the curve. Theyll see the return of the bond vigilantes, remember them from the 1990s, the risk of sharply higher rates on the long end which could lead to a weaker economy, a weak stock market on the catch the trump economic plan could come from the markets and the fear that the fed is behind the curve, inflation is spiking, weaker economy, weaker stock market. Trish this is significant, kimberly, they are raising the range here to half point to threequarters of a point. What does that say to you . I think its baked in there now, that the stronger economy, une...

Expansionary fiscal policies it would raise Interest Rates. The Market Participants are uncertain also. The changes in the understanding of whats can happen to also affect market prices. Im wondering about slack. When do you think that the slack will work its way through so were no longer talking about in press conferences. This is not something that is possible to judge precisely my colleagues write down their best estimates of the normal unempyment rate. The median stands at 4. 8 percent. We are close and ever so slightly below. But in the neighborhood. If you work with larger broader measur...

[inaudible conversations] the committee on health, education, labor, and pensions will now come to order in its executive session. We meet today for the purpose of considering the nomination of betsy devos to Service United states sector education. We will also consider one amendment that has been filed, by senator murray, on tax returns. And after that we will have a boat to reaffirm our Committee Rules and to approve subcommittees. Im going to take a few minutes to give opening remarks, and then senator murray will have an opportunity to do the same. I know there are others who wish to speak...