Preferred stock Purchase Agreements were entered into with treasury, that suspended the capital of fannie and freddie. If we were building up capital i understand exactly what youre saying. But those two criteriaen dont apply anymore because they are in conservatorship. Every dime is going to the taxpayers if theres a profit. Theres statutory language here that requires an end to the allocation. I think its very straightforward. But ill close with this. Today, i along with many of my republican colleagues will reintroduce the payback the taxpayers act. And this bill will ensure that money coming in from the gses will go to the taxpayers, in other words, will go to address this issue instead of being diverted to the Housing Trust fund. But thank you, director. Good to see you again. Time of the gentleman has expired. Chair now recognizes the gentleman from missouri, mr. Cleaver. Thank you, mr. Chairman. And Ranking Member, thank you for being here, mr. Watt. Theres been a lot of discuss
Strategy, the pivot, the military girding of that is largely the u. S. Navy and the central that makes much sense if the navy is stable in size or growing because otherwise you have 60 of a smaller force that may be less than 50 of the old force and if you do the math, sequestration is roughly at the crossover point. In other words, it would force a reduced fleet size if it was to stay over longterm, which would be in the range of lets say 240, 250 ships, maybe less and 60 of that is no improvement. Relative to 50 of where we are today. Which is about 285 ships. Its more or less a watch. If you are trying to send a signal, you have taken the ability away by sequestration. Thats a clear way and a reason im against sequestration. I dont think we need a build up, but a nice, steady, real increase would be, to me, a good thing. Over to you. Thank you. If i had a real good answer for the question, id probably call the secretary of defense this afternoon and let him know, but its a very impo
Screeria nigeria. Briefing. And later epa Administrator Gina Mccarthy testifies on her agencys 2016 budget request. Next treasury secretary jack lew and John Koskinen testify on the 2016 budget request for the Treasury Department. They also discuss cybersecurity, tax fraud, Taxpayer Services, and Small Businesses. This runs just under two hours. The subcommittee on Financial Services and general government will come to order. Good afternoon. The subcommittee as i said, will come to order. Today marks the first hearing of the Financial Services and general Government Subcommittee for the 114th congress. This is also my first hearing as subcommittee chairman. And im pleased to serve alongside the new Ranking Member my good friend, senator coons. I would also like to acknowledge senator langford and senator durbin. Although our subcommittee is small, the number of agencies we fund is large. And their impact on our economy is significant. Im confident that our members are up to the task be
Subtropical climate but the fact that the subtropical climate happens to be in the country that actually occupies the most territory in the arctic region is rather an almost as well. Never before has Olympic Games been held in the region in such close proximity to a conflict zone. Never before, although more about this conflict zone never before has Olympic Games been held na conflict, in such close proximity to conflict zone in which was, in fact the site effectively to civil wars in the country that is holding the games. One of which effectively russia lost in the mid 1990s with chechnya and one of which was one, the zone in the northern caucasus they are referring to where my esteemed colleagues will talk at greater length about the challenges you know, when mr. Putin went down to Guatemala City in 2007 it was a period of relative relative quiet since i would say in the area. Chechnya have been somewhat stabilized, and the frequency of violence in the other republics, the northern c
Styles. Residents of southern japan are watching water stream down their streets and pour into their homes. Typhoon neoguri has been down traded to a severe Tropical Storm but its still causing serious concern. It roared through the okinawan island chain. Weather officials lifted an emergency warning for heavy rain but then issued it again. The weather Officials Say its possible a major disaster could happen in okinawa. Theyve advised about 300,000 residents on the main island to get to safe places. Theyre telling people to move to shelters or to higher areas such as the second floor of their homes. Authorities say many houses and roads have been swamped with water and they say about 27,000 households across a wide area are without electricity. Weather officials are warning People Living on the main Southern Islands of kyushu to brace for heavy rain and possible flooding. About 1,700 households in kyushu have lost power. People living in Niigata Prefecture on the sea of japan coast hav