Mccarthy warns democrats the tide may turn against you in the future. You will regret this. You may regret this a lot sooner than you think. If thats the new standard, if people are held to what they have said prior to even being in this house, if the majority gets to decide who sits on other committees, i hope you keep that standard because we have a long list you can work within your own. Harris sooner than you think, he says. Also in focus this hour claims of hypocrisy against a major book publisher, rnc chairwoman Ronna Mcdaniel reacts. A new battle over whether taxpayers should be on the hook for 650 billion in student loan debt. Steve forbes will weigh in. First lets bring in florida congressman matt gaetz of the House Judiciary Committee to talk about our top story. I understand you did not vote with those 11 republicans to remove Marjorie Taylor greene from her committees, why . It wasnt an attack on Marjorie Taylor greene it was attack on the voerts. She got more votes than i
This House Committee on the modernization of Congress Heard from congresswoman nita lowey chairs the committee. This hearing was announced before congresswoman low we announced he would retire from Congress Following this term. Committee will come to order. Without objection, the chair is authorized to declare a recess of the committee at any time. This hearing is titled recommendations for approving the budget and appropriations process, a look at the work of the select committee on process reform and i recognize myself for five minutes to give an opening statement. The 104th congress which convened in 1945 was the last to pass Appropriations Bills. That was almost 25 years ago. Most house members serving today have never seen a process that works the way it was supposed to where stand alone bills were passed on time. And established by the bipartisan budget act of 2018. The committee was charged with making recommendations to significantly reform the process. It was acknowledgment th
Without objection, the chair is authorized to declare a recess at any time and this is entitled approving the budget process, and a look at the Budget Committee on budget process reform. I recognize myself for five minutes for a statement. The 104th congress convened in 1995 was the last to pass all of the Appropriations Bills prior to the start of the fiscal year and that was almost 25 years ago, and most of the house members serving today have never seen a process to work the way it is supposed to where the stand alone bills are passed on time. On the joint committee on budget and appropriations reform, along with myself and bob woodall was tasked with making recommendations to significantly reform the budget and appropriations process. The very act of establishing the committee is acknowledging that the process is not working the way it should. And article 9 section one of the constitution says that no treasury should be withdrawn without the authorization of congress. It is a const
Julie he downplayed the need of more regulation of the Banking Sector and was on the same page fed inet yellens terms of raising rates in december. Stocks take a leg lower on these headlines coming out of north korea, the north korea fired a Ballistic Missile. Stocks now paring some of their gains, the nasdaq just went negative in the past few moments after they had all been trading a record. The kbw tank index is up here, as that was my thing rising more. Banking stocks to continue to rise connected to those Powell Comments on regulation. You see a mixture of the large banks and more regional banks that are doing well in todays session. Retailers are also continuing their recent run. We have seen more consistent strength and retail going into the holiday season. We were supposed to flipflop these, as some of the signs are looking good for the Retail Industry. Speaking of december, december is the only month of the year where we have not seen a decline for the s p 500 historically. You
Right, it took a lot of arm twisting on the budget panel to come up with the bundlet at the time way back in july they said we want to do tax details before we vote for the former floor. Its now october and were just getting to a budget vote on the floor. Thats because House Republican leaders released tax reform details last week and with the Freedom Caucus officially endorsing that tax plan, thats why were seeing a budget vote now. The chairman of the House Budget Committee has been really pushing to get this vote for months now and shes finally able to do that because she has support from the Freedom Caucus and shes very confident this is going to pass. Shes not saying how good exactly but shes definitely going to get this off the floor tomorrow. Well, the debates coming late, but like typical past budget debates, we will see alternatives and under the rule for this budget debate, four different alternatives starting with the congressional caucus, the black coggice and the democrati