Declared the Opioid Epidemic a Public Health emergency. What will be the impact of him doing that on the ground . Its welcome, but theres no money there. If you look at some county, portage county, my district, you need money. Money on the ground for law enforcement, money for the First Responders addressing a lot of these issues. And mostly you need the money for treatment. This is not alcohol addiction. These drugs are very potent, a 30day or 60day stay in rehab is not enough. You need maybe three, four, five months to get yourself off of this and get yourself well. And i think sometimes a lot of people just dont understand the level of devastation in some of these communities. Youre talking money nation would, how much would you like to see going to this crisis . We sent a letter to the president to fully fund all the programs and comprehensive recovery act we passed a few months ago, it was a bipartisan bill. We had democrats and republicans working on it. We need about 10 billion
But at the highs of the session. , coming off the lows when the picture was looking a little bit worse. The picture improving. What is behind some of this, a low speculation, perhaps worries about tax reform and the Producer Price index come in hotter. Maybe worry the fed will raise rates a little bit faster than expected. There is also a cross asset picture happening, especially with oil. This is what started the declines. Iea cut its forecast demand for 2018, citing the 201 price gains and a milder normal7 milder than normal winter would temper demand growth. Thees below 57 and 56 to 55. 5 dollar mark on oil. That is translating to dragging down some energy stocks. Goldman downgraded the oil services and equipment to neutral from negative. Citing caution on their offshore drilling. You are seeing those go lower. Baker hughes is having a ge affect with the ge board may conclude they may need to divest investment, but it could take years. Bakeries use as well off today. Baker hughes as
Streak in a year. The euro is gaining. The danish krone is gaining and the Swedish Krona and the norwegian krone are declining. The yields are falling in the third column. Today. F data gdp, germany, powering ahead in the Third Quarter, underpinning the recovery and the wider eurozone with gdp up. 8 in the estimate was. 6 . That equates to 2. 8 year on year. That is the blue bar confirming the but despite prediction the German Economy carried its strong growth performance in the second half putting it on course for its best year since 2011. Said, theng, as i european economies performance with gdp in the eurozone up. 6 in the quarter, in line with the earlier estimate. 2. 5 year in year, chugging along, the german and the euro zone economy. Gdp data out of italygdp accelerating in the Third Quarter. Grew,ual basis, economy the most since the First Quarter of 2011. And that underpinning the attractiveness of italian debt. This is the difference between germany and italy, the 10 year dow
Who should be paying higher personal rates sets up an llc or a pass through to get around the system. But, again, this is the backbone off your economy, is it not . It is. And we are working hard on how we create growth in that part of the economy. I dont know to put you on a calendar right now, but as you flesh this out and you get into the weeds on this, i hope you will be briefing us. I know the finance committee has jurisdiction of this, but we have more than a passing interest in all of it . Absolutely. We will be more than happy to come back and brief you and your staff on this. Thank you very much. Thank you senator shelby. Senator hide camp. Thank you mr. Chairman. Welcome mr. Secretary, your first appearance in front of this committee. I couldnt agree with you more. One of the demands of the American Public and the responsibility of washington, d. C. Is to encourage Economic Growth. That can solve a lot of our problems as we go forward. So i want to talk a little bit about the
Speaker ryan well, this is another busy week as we continue to make progress on our agenda for the american people. Today, the house continues to act on legislation to make sure that our Law Enforcement agencies have the support and the tools that they need to keep us safe. This week, of course, coincides with National Police week, when we honor the sacrifices made by our police and their families. Yesterday, the house acted on a new round of sanctions against the Syrian Regime in order to cut off resources for assads war machine. Also this week, the house approved landmark federal i. T. Reform legislation that will reduce wasteful spending and enhance the governments information security. Will hurd has really taken the lead on this and hes trying to bring our government into the era of cloud computing, and this is a big, big mark forward in bipartisan progress in getting waste out of government. As we speak, the ways and Means Committee is holding major hearing today on examining prog