Foundation. This is a little more than an hour. Mr. Clinton thank yall for joining us for the second edition of building an inclusive recovery. I hope wherever you are tuning in from, you are staying healthy and safe. I would like to begin by expressing my gratitude to our sponsors for this session. I want to thank those who have made action. I hope all of you will think about specific ways you and your organizations can make a difference or partner with others to increase your impact. Our topic today, the housing crisis, has plagued america long before covid19. Now, it is even more urgent. Especially in dense urban areas. Without enough Affordable Housing, they face new challenges from Economic Impacts of the pandemics. Home ownership has long been recognized as one of the most effective and Proven Solutions to Building Wealth and Financial Stability in america. Even before the pandemic, homeownership rates for black americans were at an alltime low. Latino homeownership is the Fastes
The headline number, 57. 5, down from 59. 3. This is a very elevated number by historical standards still, but there are signs of some weakness creeping into those figures. It was unlikely they would remain as high as they did. The survey number was 58. We come through with a headline number of 57. 5. Prices paid a little light as well. The employment number has dropped quite significantly. This may be something you want to Pay Attention to. Remember, we are waiting for the payrolls number friday. 48. 4 is where we are coming through their. Construction spending month on month, 1. 3 . Lets break it all down. Lets get some details. Mike mckee come over to you. Michael you gave us most of the details there that matter, especially that employment number. That has been concerning people in the markets. We have seen a slowdown in the economy reflected in the topdown numbers, although manufacturing has been the source of strength in most economies around the world since the depth of the covi
Experiencing unprecedented declines in activity. Although the remains considerable uncertainty about the economy, we know that the Banking System has served as a source of strength throughout this period. They have supported their customers and committees by pppinating 500 million in loans. The Banking Systems ability to support the economy reflects the Industries Strong capital and liquidity position. In the Second Quarter of 2020, Equity Capital increased to more than 2. 1 trillion, which 13. 4 . Ted to highervels were slightly than the quarter preceding the pandemic. Taken meaningful action to provide banks while maintaining safety and soundness. I will provide an update in five areas in which we have made significant progress. Supporting communities in need, encouraging outstanding loan making. I would like to briefly touch on each of those, starting with our response to the Economic Risks related to covid19. We undertook a series of actions that helped maintain stability in financ
The Senate Returns today and they vote later on a house passed resolution disapproving a new federal rule revising oversight oflow income banking services. Later in the week , a vote on a gop backed coronavirus Economic Relief bill. They will also take up the Supreme Court nomination of Amy Coney Barrett. Live now to the senate floor on cspan2. In the law and the prophets. We praise you for this profound maxim to guide our ethical conduct. May it provide our lawmakers with wisdom to make sound decisions and strength to walk in the way of justice and freedom for all. We pray in your wonderful name. Amen. The president pro tempore please join me in reciting the pledge of allegiance. I pledge allegiance to the flag of the United States of america, and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Mr. Grassley madam president. The presiding officer the president pro tempore. Mr. Grassley one minute for morning business, please. Th
Thank you, madam speaker. I ask unanimous consent to revise and extend my remarks. The speaker pro tempore without objection. Thank you, madam speaker. I yield to my friend from maryland, the majority leader. Mr. Hoyer i thank my friend from georgia for yielding. On monday the house will meet at 9 00 a. M. For morning hour debate, i repeat that because its unusual. On monday, 9 00 a. M. For morning hour debate and 10 00 a. M. For legislative business, votes expected to occur as early as 2 30 p. M. On tuesday and wednesday the house will meet at 9 00 a. M. For morning hour debate and 10 00 a. M. For legislative business. On thursday, the house will meet at 9 00 a. M. For legislative business. The house will consider h. R. 1425, Patient Protection and Affordable Care enhancement act. This bill will sig canly increase the a. C. A. s affordability, subsidies, lower Prescription Drug prices, expand coverage and crack down on junk plans. While strengthening protections for people with preexi