All of our kids are hard workers, right . They work, and we love to see it, and theyre doing a terrific job for our country. Ive come to the great city of pittsburgh to stand with people, and those people are incredible workers, and to show the world that america is back, and that we are coming back bigger and better and stronger than ever before, and were making our own product again, and were opening up our factories again. [cheers and applause] i mean, you take a look at whats going on where toyota is coming in and the other day you saw chrysler announce theyre moving from mexico back to michigan. You dont hear that too often. [cheers and applause] with a big, big, monster factory. Going to spend a lot of money. A the center of americas resurgence are the massive tax cuts that i just signed into law, and its also reform, but i usually just say tax cuts. People dont want to hear about the reform. Believe me, the reform is very important, we dont have to go into it. But the tax cuts a
Coming down. They havees taken a hit. Accompanied this shift for stocks, or the seeming sentiment. Shift in the bond market as well. We see the 10 year old right 2 . Nd six point as we see some money flight out of stocks. We are seeing a similar situation with bonds. This is the net change in yield for the 5, 10 year yield. Andtwo has seen the biggest the past four months. We have seen that 86 point change there. It has been much more moderate for the longer end of the curve. Now the 10 year is picking up with those changes. Gettingd stocks back to the stoxx for a moment. It has gone on the downside today. Today. Trading it was one of the big winners last year. Merck is facing a potential classaction lawsuit contending they made a deal with the generic drug maker to delay competition for their cholesterol drug. Finally General Electric continuing their slide here as it has been battered over the past few days ill and the breakdown related to the Legacy Health insurance business. We are
Good morning everyone. The committee will come due order we need to have to consider opening a very small portion of the area in alaska for Energy Development with the 1 billion project reconciliation we received last week. The area is 1. 57 million acres of land in northeastern alaska within the non wilderness portion of anwr. So to put this in context of with the areas were talking about anwr itself is 19 million acres approximately the size of south carolina, the non wilderness area is 1002 1. 5 million acres approximately the size of delaware and this area is designated as federal wilderness so talk about anbar itself is important to recognize there are parts of and what are that are designated imports that are within the refuge in the of parts of anwr 1002 area that have been designated for consideration for our oil and gas exploration. 1002 area is not federal wilderness. Congress recognizes the value of anwr with a designated 7 million acres over this area here. That is the area
Proposed fiscal year 2018 budget. Members asked questions about the proposed cuts of the budget as well as to where to store the ations Nuclear Waste. The committee will come to order. I apologize for the delayed start. But hopefully we will have an opportunity to hear from the of the and learn president s views for the department of energy. Secretary perry, i want to welcome you to your first hearing following your bipartisan confirmation here in the senate. It took us a little bit longer, we are grad to have you at the helm and getting a full complement of folks there at the department. The budget request for the department of energy takes a different approach. The president has made a concerted effort to increase funding for the National Nuclear facility. This is a portion of the department that falls outside the scope of our committee here. The administration has requested robust funding for the cleanup of Nuclear Waste left behind by our countrys cold war legacy. The budget reques
Do not do that again, mr. Shanahan, or i will not take your name up for a vote before this committee. Cspan programs are available at cspan. Org, right on our home page or by searching the video library. And now Energy Secretary rick perry on President Trumps proposed 2018 budget for the Energy Department from the Senate Energy and Natural Resources committee. This is about an hour 40 minutes. Good morning everyone. The committee will come to order. I apologize for the delayed start, but hopefully we will have an opportunity to hear from the secretary and learn of the president s views for the department of energy. Secretary perry, i want to welcome you to your first hearing following your bipartisan confirmation here in the senate. While it took us a little bit longer than wed hoped to get you in this role, were glad to have you at the helm. We look forward to helping you get a full compliment of folks there at the department as well. The budget request for the department of energy ta