Chair connolly the subcommittee chair connolly the subcommittee will reconvene. Are you with us . They are telling me to give them a second. Chair connolly can you unmute and acknowledge that you are with us . I am here, mr. Chairman. Chair connolly if you would stay unmuted so i can swear you in. Ms. Counsel, are you with us . Yes, chairman. Chair connolly and mr. Spires . Yes, chairman. Chair connolly thank you. If all three of you would raise your right hand. Do you swear to tell the truth, the whole truth, and nothing but the truth or affirm the same, so help you god . Let the record show all three of our witnesses in the second panel have affirmed in the positive. Thank you. If you are ready, i will call on you for your fiveminute Opening Statement. And welcome back to our subcommittee. It is good to be back, mr. Chairman. Chair connolly im sorry, i didnt see you. Go ahead. I do not have an Opening Statement. I was told to do something in the Previous Panel, with unanimous consent
Major fundi fromhe pbs newshour has been provided by when the will get l complicated, goes through your mind. With fidelity wealth management, lothey can tai recommendations to your life. That is fidelity wealth management. Consumer cellular, johnson johnson. Financial services firm, raymondjames. The chanceft initiative, working to build a more healthy, just and inclusive future for everne. For more than 50 years,g advancdeas and supporting institutions to promote a better world. Anith the ongoing support of these individuals and institutions. This program was mad cpossible by tporation for public broadcasting and for and by contributions to your pbs new station from viewers like you. Thank you. Stephanie we wilreturn to dy and the full program after the latest headlines. Republicans in the u. S. Senate say they are ready with a new trlion dollar covid19 really plan. After meeting with white house officials for two hours this evening, Democratic Leaders said they were frustrated. All
Authorized to declare a recess at any time. I want to thank everyone, especially our witnesses, for joining us today for our committees hearing. I want to make sure to note some important requirements. By saying standing house and Committee Rules and practice will commit continue to apply through hybrid proceedings. Regulations require members to be visible through a video connection throughout the proceedings. Please keep your cameras on. Member to remain muted until you are recognized to minimize background noise. In accordance with the rules established under hr 965, stafford been advised to meet participants only in the event there is inadvertent background noise. For those members here in the room, i urge members and staff to wear masks while in the hearing room. I thank you in advance for your commitment to a safe environment for all here today. Mnuchin, administrator carranza, thank you for being here today. I want to give a sincere thank you of both agencies who have worked tir
To 10 million for a fiveyear loan, 3 , according to the reserve term sheet. The fed is expanding the main Street Program. The main Street Program for businesses started lending last week. One day worth of loans made. The fed announced last night there was one 12 million loan. They have gotten started. Criticism has been it took so long and there is not the man now or the rules do not help not demand now or the rules do not help. Went to others sources of cash, perhaps because of the requirements, the fed does not want to lose money, those who could not find cash would not be eligible anyway. At the moment, there are questions of efficacy. It is now expanded to nonprofits. Alix hang with me for a second. University of Michigan Sentiment coming in 73. 2 , Current Conditions coming in light on expectations. This shows we are not feeling good about where we are going over the next month. Lauren, the fed news is a perfect example of where we are at, continuing to support the economy, just n
Shooting in oakland kron fours reyna harvey on the story for us this morning from oakland. Reyna bring us up to speed what happened. Dorian james good morning. This actually started as a pursuit with the San Leandro Police department and made its way into oakland were going to show you a map of where all and where that shooting occurred this is off pippin and apple street in oakland is in east oakland right around the corner from a 100 and 5th. Well police followed a vehicle they believed to be stolen by a driver armed with a firearm this happened a little after 11 00pm last night, the pursuit ended when the vehicle crashed into the rear of an unoccupied parked vehicle. Now police say the driver exited the vehicle while holding an assaultstyle firearms. Thats when the officer with the San Leandro Police department discharged his weapon fatally shooting that man. The driver died from his injuries at the scene. No officers were injured. Now police say an Assault Rifle was recovered at th