Congress and nonfiction books. Here is what is happening on cspan2. Janet yellen tells lawmakers the outlook for in the rates part of her second day of testimony on capitol hill. Then democratic president ial candidate Hillary Clinton talks about her corporate Profit Sharing proposal at a town hall in dover, New Hampshire. And Congress Asks us soccer officials why they didnt expose the scandals in fifa. Janet yellen was back on capalitalol hill today saying it is likely the fed will raise Interest Rates. She highlighted improvements in the Labor Department as well. This is an hour and 45 minutes. These hearing are among the new opportunity we have for public discussion with the chairwoman of the Federal Reserve. They manage the supply of money and monitoring the health of the system. Through the special programs the feds Balance Sheet expanded to an unprecedented size of 4. 5 trillion trillion. 20 of all treasury securities are hailed on the feds Balance Sheet. Furthermore, rather than
That. Some people suggested recently that american works need to be willing to work longer hours. I dont think Many Americans work fewer hours by choice unless there are Health Issues or child care limitations or other responsibilities. I think Many Americans working part time would like to work full time. The slack in the labor market seems to indicateu kateicate we have a ways to go. Discuss the concern for the number of workers working part time but would like to be in the workforce. We have a larnl share of the workforce, believing it is around four and half percent working less hours than they would like to work. The broader measure is the measure of the Unemployment Rate we normally look at is 5. 3 . Broader measures that capture that part time for economic reasons a measure like you six. We have a picture in the Monetary Policy report and we show how high that is and of course it is always higher than the narrowing concept of unemployment it is very much higher than you would ex
Irrelevant. What is relevant, as the gentleman and i i think both agree, if we dont get to an agreement on a number that is as we did in ryanmurray, we have done this before. We have done this before. My view is we did it because you didnt want to have your members vote on legislation that had numbers that were draconian before the election, but that may be only my personal perspective. But the fact of the matter is, the American People expect us to get their work done. Getting their work done at minimum means funding the government at appropriate levels. And again i have said that mr. Rogers does not believe the see quester. I believe you its the law of the land. I think its wrong. Its bad laufment it was not a law intended to go into effect. It went into effect simply because the supercommittee that was established in that same legislation couldnt come out with a solution. And 13 months the congress couldnt come out with a solution. Therefore on january 1 2014, we were confronted wit
Market working for everybody again. Here is what i mean by that. I think the legitimate concerns the people have. People who are undocumented are doing jobs that used to be done by people who are american citizens. I deplore that. Here is why it happens. It happens because if you are an undocumented immigrant with no legal rights and you are here among the 11 or 12 million who are here, employers can exploit you and pay you less than any minimum. They do not have to provide good working conditions, and they displace jobs. One of the positive results of comprehensive Immigration Reform is to remove that incentive. There would be no incentive because the rules would apply to everybody. I do not believe we are going to deport 11 or 12 Million People who live here. If someone says they want to do that, i think they are saying something that is not going to happen. Maybe they can get people to not and agree and cheer. It is never going to happen. I believe we have to do a better job securin
Republicans, 202 7488001. Independencts, 202 7458002. You can also find us on facebook and twitter. You can send us an email at journal cspan. Org. The dodd frank act was named after its authors, and senator chris dodd and barney frank. It was a massive bill that required federal agencies to write hundreds of new rules. Here are some of the things that the dodd frank act did. It was signed into law by president obama on july joint first, 2010. It created the Consumer Financial Protection Bureau. It attempted to an too big to fail bailouts of Financial Firms. In eliminated loopholes of financial products, providing shareholders a say on executive compensation, and enforce regulations on the books. Here are some polls that show just exactly the scope of this bill. A summary of the bill by a law firm shows that the bill was 22,290 six pages long. It has had 119 congressional hearings, and there have been 139 bills issued in congress to amend or repeal the act. The stats also give you a se