Hhs security we should see a vote throughout the day. Live coverage of the u. S. Senate here on cspan2. The presiding officer the senate will come to order. The chaplain will lead the senate in prayer. The chaplain let us pray. Almighty god, were grateful that your will prevails when reliance on humanity is futile. Give our senators the wisdom to understand that without your help, they cannot succeed. Today, use them to work and act to accomplish your purposes on earth; help them not to repay evil with evil, but plant seeds of goodness that will bring a harvest of joy. Arise, oh lord. Lift yourself up in these dangerous times to bring your peace to our hearts. Help us to remember that you saved the upright in heart, and your justice will sustain us. Keep us from conceiving troubles and embracing falsehoods, as we focus on loving and serving you. We pray in your loving name, amen. The presiding officer please join me in reciting the pledge of allegiance to our flag. I pledge allegiance
Cbo chief dug elmendorf, Donald Marron are in the chairs with complete break down what this all means to you. To wall street right now though. In of itself a breaking story, stocks fighting to stay in the green. We race toward a record close for the dow. The nasdaq briefly turned negative past hour. Dow at one point had been down one point. High as up 35. Things could change at any moment of course. Yesterdays loser is todays shining star. The Retail Sector bouncing higher after target boosted its guidance, saying retailer is doing pretty well in face of competitive environment. Translation, amazon. Right now target up nearly 4 1 2 . Target taking other retailers along for the ride. Jcpenney, macys, look at kohls, up nearly 5 . Walmart. All seeing green, not just a tiny bit. Not just up 1 . Jcpenney up 7 . Still a 4. 95 stock. By the way, walmart is one of the toppersage gains on the dow. Look at u. S. Hospital operators and Health Insurers falling any moment. Half a percent down 5 . A
F. Kennedy school of government. Teresa miller, Insurance Commissioner an honor to have you here. Gary cohn very similar to the capital. Former deputy Administrator Center for medicare and Medicaid Services. To our distinguished witnesses coming your testimony today is very important to s. Because the marketplace is essential to the success in good health of the American People. It is my privilege not to call to order our hearing action now updating and improving the Affordable Care act to lower costs and ensure options for families. Democrat take great pride in the success of the aca lowering costs them are protecting health and financial situated families. Cover more than 20 million. But that is just the beginning of it. We talk about the additional names. That is important. What is also important are the over 100 Million People in the 350 Million People who have expanded and if it in one access under the Affordable Care act. This quality for every american no matter where they get t
Data point, trade i guess, we will talk a little bit about Monetary Policy. Part of that discussion the fed has started to talk about the role of its Balance Sheet, talking about that in a little bit. Randy crowson or i think all of you know. University of chicago, former governor at the fed. Now the university of chicago. A number of years at the, now at Johns Hopkins but only to give that. So, we are now in the third longest economic expansion that weve had. One of the questions is will policy change being discussed both in monetary fiscal policy extend that expansion or not . In light of the discussion about the mortgagebacked component of the fed, and we at fannie mae looking at the 10 year treasury out of time. That started to arrive back in july with the ecb Holding Steady post brexit and the doj would start at the end of july and a gradual rise up at that point and accelerated with the president ial election in 2. 6 i think 2. 48 or Something Like that. So the fed hiked in decem
Director of the cbo. Hes been in front of us many times. We always find his views and positions extremely enlightening. Enlightening. Its wonderful to have dug with the spirit and its also good to have Glenn Hubbard with us it was dean of, sorry, dean at Russell Carson professor of finance and economics of the columbia business school, and is a past chair of the cea under george w. Bush. And finally we have our moderator Michael Peterson who is the ceo and president of the Peterson Foundation. Michael oversees a strategy for the foundation, and look at the key fiscal policy challenges that we all face, michael and the foundation are longtime supporters and backers of nabe, and were delighted to have you again michael. So over to you. Okay, thank you. [applause] spin the Peterson Foundation had to be back at nabe egg and this year and with a great panel double focusing on fiscal policy. As part of a role at the foundation would like to contain different perspectives and find common grou