3, 2, 1. This hearing will now come to order. Is in a hybrid format and the hearing room has been configured to maintain the recommended six foot social distancing between senators, witnesses and other individuals in the room necessary to operate the hearing, which we have kept to a minimum. , a those joining remotely few videoconferencing reminders which you should be familiar with at this point. Once you start speaking, there will be a slight delay before your display on the screen. To minimize background noise, click the mute button until it is returned to speak or ask questions. Issue,e is a technology we will move to the next senator until it is resolved. I remind senators and our witnesses the fiveminute clock still applies. Those remote should have on your screen one of the boxes labeled clock which will show how much time is remaining. Weve had some trouble getting those boxes to everyone screen or at least getting everybody to be able to find them and follow them. We are going
Subcommittee looks at marine readiness with a hearing on wednesday. Our live coverage but separate 915 eastern on cspan three, online at cspan. Org or listen live with the free cspan radio app. Earlier today Senate Republican and Democratic Leaders held news conferences to discuss the current state of covid19 negotiations. First move from Senate Majority leader mitch mcconnell. And Senate Republicans. Cnet. [background noises] [background noises] good afternoon everyone. We just had a lunch meeting, Conference Call this time, where the growing concern about the rise of coronavirus. And we adjusted our meeting to reflect our concern about being extra safe. And conducting what we believe is essential work for the American People. The subject of additional Coronavirus Relief is on the minds of lots of members. Youve already spoken to et cetera calls, send a romney and others who have been with democrats about a possible way forward. We received a proposal through a letter from Speaker Pel
Does he have the ability to do this, do you agree with the decision . Sen. Schumer i agree with the decision and i know that he will check things out legally. Thank you, everybody. [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] a we take you live to discussion on fiscal policy in the Incoming Biden Administration and congress, hosted by the brookings institution. Size i think is ambiguous and policy occur through a political process. I would rather see something that is a little bit smaller but that could pass this week or next week, rather than wait for something that is a little bit until, but will not pass february. If you look at the output gap, i think a trillion dollars is a reasonable figure for the next round of stimulus. I think democrats should be willing to take a couple hundred billion dollars less than that. Republicans should be willing to take a couple hundred billion dollars more
With the cares act in march and prevented the covid pandemic from doing even more harm to the economy and welfare of americans than it did. The cares act is essentially been spent, many people are about to lose benefits. Unless Congress Acts. And unless Congress Acts fiscal policy soon will be a drag on growth. They are still more than 11 Million People still unemployed by the official count. Most economists and certainly those gathered here today agree more fiscal support is necessary. Following that discussion, we turn to an issue predating the pandemic him one that persists. How to think about the federal debt and very low Interest Rates. Its growing and unsustainable rate. There is sentiment among comp economists for doing anything about that right now. When is a debate about how and how best to address that Going Forward. Had to balance the risk and cost. And too little Public Investment. We look at that issue with the paper posted on our website. By two veterans of economic polic
Evacuated. People are being told to avoid the area at this point, no injuries had been reported. No word yet on what sparked the fire. North of san jose to the city of San Francisco we are following another developing story. Police at the scene of giving us the live picture. At the intersection of second and harrison. It happened a few hours ago around 9 00 this morning inside an Office Building on second and harrison. The shooter may still be in the building. Currently they are searching, but even as they do, they have the theres no threat to the public at this point. Sky fox giving us the live view right now. The victim that was shot is a 49yearold man. His injury is not considered lifethreatening and no word yet from sfpd on what led to a to the shooting. We will keep an eye on this one for you. If you have any information we will bring it to you. Now to the pandemic, the governor says the status at a Tipping Point as coronavirus hospitalizations and deaths continue to rise. Announc