And Commerce Committees on the Coronavirus Relief bill. At a 30, more with representative a member of the Small Business committee. Host this is a wash we will get your reaction to the house voting to remove several statues of confederate historical figures from the u. S. Capitol around. Some republicans joining the democrats in passing this legislation. Heres how you can let us know your thoughts on yesterdays action. If you support removing the statues, call us at 2027488000 , if you oppose it, 2027488001 is the number to call. If you want to text us, you can do so at 2027488003. You can post on twitter or facebook. A breakdown of what occurred yesterday saying a bipartisan vote gave the buildings architect 2 million in four months to complete the job of removing the statues in question braden it past the house by a 305113 vote. Inmainly targets 12 statues century hall the memorialized confederate leaders. While the removal while the chief justices bust does not remove the historical
I now recognize myself for an opening statement. Chair,his tenure as fed he served as the chair of president bushs council of economic advisers. In their first congressional testimony since leaving the Federal Reserve, former chairs ben bernanke and janet yellen called on congress to take action to encourage economic recovery. To 2014 before being appointed chair. In 2014 by president barack obama. Dr. Yellen also previously asved in the white house chair of the council of economic advisers. Time eitherfirst dr. Bernanke or dr. Yellen have testified before Congress Since stepping down from the Federal Reserve. These extraordinary times require congress to seek out of experts with extraordinary experience. As Congress Works to end the economic crisis and enable a strong recovery, we are fortunate to benefit from their individual insights and gain from their unique position as Federal Reserve chairs in the last economic crisis and recovery. I want to thank both of them for agreeing to te
Ybased banks and Credit Unions we are guaranteeing tt the money is going to go where it makes the mostmastreet, Small Businesses, to the dpop stores. The people that have a longstanding relationship with communities. Host are there any chaactually who gets theally deserve to get the money . Guest we saw how last time during the first round of ppps many were shamed into giving back the money. Some of the traditional banking customers and Small Businesses were left out. It was during the second round of funding t out 60 billion, that we saw some e help getting to main street. We see now how new york tried to reopen. Race is a big issue, it was ansue for many Small Businesses. Operational cost. Of course, they need to get back and open bthey need additional help. Host the 600 unemployment increase is expected to run out this week. Whats the pr forward and should continue . I previous guest talk about that from what he heard from Business Owners in ohio, that it was a disincen there are ce
Come to order. Without objection, the chair is authorized to declare a recess of the committee at any time. I now recognize myself for an opening statement. Today, a select subcommittee is pleased to welcome our distinguished panel, dr. Ben bernanke and dr. Janet yellen. Dr. Bernanke was appointed chair of the Federal Reserve by president george w. Bush in 2006 and oversaw the Federal Reserves response to the Global Financial crisis. Before his tenure as fed chair, dr. Bernanke served as the chair of president bushs council of economic advisers. Dr. Yellen served as vice chair of the Federal Reserve until 2010 to 2014, before being appointed chair in 2014 by president barack obama. Dr. Yellen also previously served in the white house as chair of the council of economic advisers. This is the first time that either dr. Bernanke or dr. Yellen has testified before Congress Since stepping down from the Federal Reserve these extraordinary times require congress to seek out advice from expert
Washington journal continues. Ast our guest is representative our guest from new york, he is a member from the Small Business committee. We welcome you back to the shows, sir. Thank you so much. Thank you for having me once. Again on the Small Business front, what are the differences between the house and the senate in the next scolded relief package, especially comes to the business effort. I think certainly, we would like to see a bigger carved out for Community Banks and the Credit Unions i have a longstanding relationship with Small Businesses in main street. We want to see main street help. And the past we bailed out wall street, detroit, the airline industry. I think the main street deserves to get an injection in their economy. Their biggest employers and the country, and as such, i think that they are having a rough time reopening. We need to help them out, so when we carve out and fund a bigger percentage of the funding for these Community Based banks and Credit Unions, we are