Epa administrator scott pruitt answered questions about his agencys budget request. It calls for major cuts and a reduction in the workforce of nearly 4000 employees. This hearing was held by a House Appropriations subcommittee. It ran just over two hours. The committee will come to order. Good morning. Good morning. Today we continue to keep all those affected by yesterdays events, including steve scalise, in our thoughts and prayers. We applaud the Capitol Police in being the first line of defense in protecting Public Service and visitors. We have a few of them here today. Thank you for all the work that you do. Turning our attention to the hearing, we are joined by the 14th administrator of the Environmental Protection agency, scott pruitt. Congratulations on your confirmation. You have joined a distinguished group. We look forward to hearing your vision and working with you to provide the resources necessary to manage an important agency. We are also joined by Senior Adviser to the
Dow jones industrials down 26 points, s p down 11, the nasdaq by 29. Some of the big gains yesterday, russell 2,000 lower by 12, but it is oil that is really holding this market hostage. Its underpinning stocks. And House Speaker paul ryan says the nation needs to change the antiquated tax system that hasnt been updated since he got his drivers license. May salvage tax reform, its 70,000 pages, and he held up what he says will simplify the 70,000 page outdated tax reform code and socalled tax return postcard will be at least one of the saviors here. And while ryan focused on one of the trump administrations main domestic agenda items, the president was talking russia with the ukrainian president as relations between the u. S. And Vladimir Putins military become more hostile and outright dangerous. Weve got the fox business all stars ready to go on all of these major developing stories. Adam shapiro digging into the ryan tax plan. Former assistant secretary of defense larry standing by
Wage as power lunch starts right now. It is friday and we are in love with the stock market apparently because that big league jobs report has stocks higher and we should finish higher for the week once again the douby the way is now up more than 8 for the year some of your individual standouts today, you have the Home Builders as well as semiconductor and equipment makers lam research and plied materials. It is not all sunshine today sears shares down again. Announcing even more store closings more on that later on. Tyler . Thank you very much welcome, everybody we begin this hour with this first face to face meeting of President Trump and russian president Vladimir Putin in hamburg, germany beyond that meeting, so much to talk about steel, tariffs, trade, protectionism, climate, north korea. Ayman jaefrs live with the latest eamon . We are inside the hotel here in hamburg it was hairy on the streets here with the protesters out there marching against the g20 some rioters smashing the
[inaudible conversation] we will resume the confirmation hearing for scott pruitt epa administrator. Let me start by saying, sometimes you get a chance to sit down over lunch and you say ive been answering question for two and half hours, you know, i wish i had said Something Differently about something or other. Anything you would like to clarify. Just one point of clarification in response to senator whitehouse questions about invar mental steps weve taken with respect to the leaky underground storage and double dipping in our state. I have initiated three cases with respect to valero, bp and conoco. Exxon in a number of other cases are still in settlement discussions. They have not materialized in litigation just yet. Thank you for that clarification. Anyway, a couple quick questions. In in the city of cheyenne wyoming, it was discovered that ethylene chemical thats used by the military to degrees the engines of rocket motors was seeping into the cities Drinking Water supply. The ar
[inaudible conversation] we will resume the confirmation hearing for scott pruitt epa administrator. Let me start by saying, sometimes you get a chance to sit down over lunch and you say ive been answering question for two and half hours, you know, i wish i had said Something Differently about something or other. Anything you would like to clarify. Just one point of clarification in response to senator whitehouse questions about invar mental steps weve taken with respect to the leaky underground storage and double dipping in our state. I have initiated three cases with respect to valero, bp and conoco. Exxon in a number of other cases are still in settlement discussions. They have not materialized in litigation just yet. Thank you for that clarification. Anyway, a couple quick questions. In in the city of cheyenne wyoming, it was discovered that ethylene chemical thats used by the military to degrees the engines of rocket motors was seeping into the cities Drinking Water supply. The ar