Were getting this going after votes. The house subcommittee will come to order. Brief Opening Statements and then two panels. Welcome all of you for coming. This is the Third Session of congress in which i have introduced legislation to ban the practice of surprise billing. Todays bipartisan hearing represents an initial effort by this committee to finally offer some relief to patients whove been bearing the brunt of a dispute between their insurers and some of their Health Care Providers. For patients, you can take all the right steps in attempting to see that your care network is covered but you may still face big bills. One in seven americans have received a surprise bill as part of receiving care at a hospital that is actually within their Insurance Network. The problem in san antonio, one of the communities that i represent, has been so extensive that jay avola has initiated an entire Television Series called show me your bill. And i think a quick video clip from that adequately d
Im peter erwin at the new york times, also author of the new book how to win in a winner take all world. Im presiding over todays discussion. Its a great honor to have jerome h. Powell with us today. He joins us today at a fraught moment for the World Economy and for the fed. Previously, he was a fed governor. Before that, he worked for the bipartisan policy center, carlisle group, and the u. S. Treasury department. Well begin with a few prepared remarks by chairman powell. [ applause ] thank you, neil, and good afternoon. Its a pleasure to be here today. So im going to begin with a Progress Report on the broad public review my Federal Reserve colleagues and i are conducting of the strategy, tools, and communication practices we used to achieve the objectives that congress has assigned to us by law. Maximum employment and price stability. The dual mn datmandate. Then i will discuss the outlook for the u. S. Economy and Monetary Policy. I look forward to our discussion that will follow.
And 50 years ago, june 22, 1969, there was a fire on the Cuyahoga River at the end of navigation, a couple of miles south of here, end of navigation meeting boats meaning boats could not go farther upstream. This is where a couple of low Railroad Trestles blocked some debris that was coming downstream, which was not unusual, the piers from the bridge, they got soaked in oil, which was also not unusual, and then there was a spark perhaps from a passing train. We do not know exactly what set off the fire. The trestles burned for half a minute half an hour. They were doused by both a fire boat and from crews on the shore. Photographers did not get there in time to get a picture of the cuyahoga burning that time, but eventually news about the cuyahoga catching fire became international in scope. So this is what we are celebrating, the 50th anniversary of the cuyahoga no longer catching fire. Steve but there had been previous fires along the cuyahoga. This was not the first, correct . David
Questions from the house intelligence committee. Both open sessions. Mr. Muellers report into russian interference in the 2016 election will air live on cspan3, online at cspan. Org or listen with the free cspan radio app. And now education secretary betside voy devos on her educat freedom scholarships initiative. She spoke at the fund or american studies here in washington, d. C. , and also talked about the cost of Higher Education and free speech on college campuses. If i could please have your attention, please finish your meal of your dessert quietly. Thank you, all, for being with us this afternoon. Im roger ream. President of the fund for american studies. I know i said hello to a lot of you, but i, again, want to say thank you to those of you who generously support our Educational Programs and our work with high school and College Students around the world. Its my distinct pleasure and privilege on behalf of our port of tru board of trustees, ask you to join me in welcoming pres
We will have a lot of people joining our military. We really needed that. Thatob numbers are so good the military has a hard time youing people and i think will see a big spike. I have already heard a lot of people coming in. There is no place like our military. We had great numbers this morning. Those were really unexpectedly good. Our country continues to do really well. We are going to be breaking records. We dont have a fed her knows what theyre doing so its one of those little things. If we had a fed who would lower rates, you would have a rocket ship. When president obama was here he played paid close to zero interest rates. From election day, we are over 50 increase and we pay trillions of dollars. Last night was spectacular. [indiscernible] i would love a broadband. We are working on it. We should talk about infrastructure and drug pricing. We will be talking very soon about a clause. Other nations pay less for drugs and we do. Sometimes by 70 . We are working on it right now.