Today we will hear testimony from the director of the office of management of budget, the monon honorable Mick Mulvaney. I want to thank him for being here to discuss the president s budget and spending priorities. We look forward to hearing his remarks. While article one gives congress the power of the purse the federal budget is a collaborative process. The administration, this committee and counter parts Work Together to build a budget that reflects our unified priorities over the same time period economic stagnation lead Congressional Budget Office to continually downgrade projects for Economic Growth. Its a large debt burden on the future generation of americans, that reflects moral failure to face head on our challenges. This administration and this committee agree on our our responsibility to improve our countrys fiscal situation and put us on the foot a balanced budget that allows us to start cutting down our National Debt. Our friends will no doubt defend the status quo of the
Rillion over 10 years. This part of the hearing is just over 2 hours. The hearing will come to order. Welcome to the committee on the Budget Hearing for today we will hear testimony from the director of the office of management of budget, the mononor honorable ce of management and budget, the onorable Mick Mulvaney. Good morning, once again, to everyone. Mulvaney fornk mr. Being here today to discuss the president s budget and spending priorities. We look forward to hearing his remarks. Priorities. To achieven budgets a balance. Over time, the Congressional Budget Office able to continually downgrade their objections their projections for Economic Growth. A large debt burden on a future generation of americans, a burden that to face a moral failure our challenges. This administration and this committee agree wholeheartedly on our responsibility to improve our countrys fiscal situation and put us on the path to a balanced budget. We will defend the status quo of the obama years with the
Rillion over 10 years. This part of the hearing is just over 2 hours. The hearing will come to order. Welcome to the committee on the Budget Hearing for today we will hear testimony from the director of the office of management of budget, the mononor honorable ce of management and budget, the onorable Mick Mulvaney. Good morning, once again, to everyone. Mulvaney fornk mr. Being here today to discuss the president s budget and spending priorities. We look forward to hearing his remarks. Priorities. To achieven budgets a balance. Over time, the Congressional Budget Office able to continually downgrade their objections their projections for Economic Growth. A large debt burden on a future generation of americans, a burden that to face a moral failure our challenges. This administration and this committee agree wholeheartedly on our responsibility to improve our countrys fiscal situation and put us on the path to a balanced budget. We will defend the status quo of the obama years with the
2016. Gold still getting a bid despite the fact that Central Banks might pull back over in europe by 5 10 of 1 . David time after the morning brief. We get the case schiller home price index for april. At 10 00 a. M. , Consumer Confidence for the month of june. At 1 00, Federal Reserve chairman janet yellen in a yell and is slated to speak on electronic issues. Also, the u. S. Treasury will auction 34 billion in fiveyear notes. We will hear from the eu regulator who just imposed that record 2. 7 billion fine on google for favoring its shopping Comparison Service over rivals. The European Competition commissioner will join us at 9 30 a. M. Eastern time. Jonathan the news in the central banking world in the past hour, bank of england planned mark carney as with his Financial Stability team to increase Capital Requirements are u. K. Lenders by 11. 4 billion pounds to tackle risk posed by Consumer Credit growth and prepare for the uncertainty of brexit talks. That News Conference after the
On mount tam where you can see down below unlike yesterday where we had that thick marine layer cloud cover. Its not quite made it very far to the east this morning and its not going to. So expect a little more snooin at 7 00. Temperatures 59 to 60 degrees. Notice the mid60s along the coast at 4 00. The bay, speft 2 to 76, inland 70 eight at noon to 76 at 4 00. Its going to be much warmer with a lot more sunshine than yesterday. Heres alexis. I want to take up to the core delia area. So we had a serious collision overnight just a solo vehicle crash, someone lost control went off the roadway and unfortunately did not survive. Eastbound 80 to pitman road was closed for that investigation sounds like its all clear and that ramp is back open. That should not impact your morning commute and that is countercommute as it is. Another issue on the eastbound side of 80 just before state route 37 multicar crash that was pushed off to the side as well in the vallejo stretch. Couple minor issues bu