This hearing will come to heard. Next a confirmation hearing for president trumps choice to be the next housing and urban Development Deputy secretary and the chair of the council of economic advisers. This Senate Banking Committee Hearing is an hour and 25 minutes. We will begin todays hearing with an Opening Statement by me and then by senator brown and then ill turn to senator po portman who will introduce mr. Hassett and senator shaheen when she arrives who will introduce ms. Patenaude. I see friends and families behind you as well. I also see my good friend bob dole, at least i did a moment ago. We welcome him here. Each of these nominees stands to impact the living of americans across the country and will play an important role. Mr. Hassett has had a disti distinguished career. Hes a widely consulted expert. His nomination has received bipartisan support from notable economists including past cea chairman. Mr. Hassetts particular understanding of tax policy and the way it affects
6 678. Well get reaction momentarily. But first, marco rube know, senator from florida, speaking to reporters. That there is an expectation of confidentiality. As long as theres nothing wrong happening. So again, its understandable, but at the end of the day i dont think any of the things they asked for in particular would have changed my perception of his testimony today . Do you think he should come back and explain these things in closed sessions . No. Closed sessions are held to prevent. Didnt he quite frankly, i dont at the end of the day thats one of the questions i had last week. Were not asking you for clarified information. I understand their desire to be able to assure that the president and others can speak with them without feeling everything they say will be in a congressional hearing. But its important for us to figure out what didnt happen so we can focus on what did. Im all for these hearings. I think theyre insight flg. Hopefully well be back to investigating russians
Development department recently appeared before the banking committee. Such as the Community Development block grant. This is about 90 minutes. This hearing will come to order. This morning we will consider the nominations of Kevin Hassett and the honorable pamela pate naude. I see friends and family behind you as well and i see my good friend bob dole, at least, i did a few minutes ago and we welcome him here. And will play an Important Role in spurring economic student. Mr. Hassett has had a distinguished career in economics that includes positions in academia, government and policy. A widely consulted expert on Economic Policy and has contributed countless papers, commentary and testimony. Nomination has received bipartisan support. Mr. Hassetts understanding of tax policy will be an asset to the administration. He has extensive experience with economic modelling. For pro growth policies. Key to Economic Growth is not only robust Financial Markets but also economic policies that wil
Should they skip the august recess and get down to work you know what, i think there will be a common consensus amongst this panel that anyone in congress doesnt work nearly enough even when they are working. It seems like theres a lot of goofing around in the congressional]vn . n . Barbershop d Bowling Alley and all the other perks they have. Everyone will say yes, they should work but lets get beyond the rhetoric and look at the numbers. They were hired for a few things, one to drain the swamp, tax reform, repeal and replace obamacare, cut back on government regulations. They have done none of that. If they did do that, here is the shocking thing. It would help spur the economy. Its costing the economy 1000 jobs. Day. Lets add in those jobs. We could be back to the kind of growth we had after world war ii in the 60s, but instead congress would rather go off on vacation. Its kind of sad. Dagen in terms of the urgency of it all, just talking about the repeal and replace of obamacare, t
Should they skip the august recess and get down to work you know what, i think there will be a common consensus amongst this panel that anyone in congress doesnt work nearly enough even when they are working. It seems like theres a lot of goofing around in the congressional]vn . n . Barbershop d Bowling Alley and all the other perks they have. Everyone will say yes, they should work but lets get beyond the rhetoric and look at the numbers. They were hired for a few things, one to drain the swamp, tax reform, repeal and replace obamacare, cut back on government regulations. They have done none of that. If they did do that, here is the shocking thing. It would help spur the economy. Its costing the economy 1000 jobs. Day. Lets add in those jobs. We could be back to the kind of growth we had after world war ii in the 60s, but instead congress would rather go off on vacation. Its kind of sad. Dagen in terms of the urgency of it all, just talking about the repeal and replace of obamacare, t