Thats why our founders and their infinite wisdom set it up this way about thats our role and responsibility under the constitution, were going to fulfill it we appreciate your doing your jobs and we thank you for your time. This committee stands adjourned. Screeria nigeria. Here on cspan3 we show you Congressional Affairs hearings, on weekends cspan 3 is the home to American History tv. Six unique series the civil wars history. History bookshelf, the best known American History writers, the presidency. Lectures in history with top college professors. Our new series featuring archival government and educational films through the 1930s and 70s. Cspan 3 created by the cable tv industry and created by your local cable and satellite provider. Janet yellin testified last week before the House Financial Services committee, defending the feds Monetary Policy, and reemphasizing the fact that Interest Rates are likely to go up later this year. Congressman jeb henzerling chairs the committee. Com
For the price of oil. Tom we may have an agreement it is pretty sketchy right now. Javier blas is working on it with Bloomberg News. To me, its a lot of what if. Maybe the story will change up in the hour. Francine yeah. We definitely have a freeze. That is why the saudis are talking about the tar minister. Now lets get straight to the bloomberg first word news with vonnie. Vonnie in harris, David Cameron in paris, David Cameron failed to win over francois hollande. France heads a group of european nations, unhappy with his proposals for banks in london. The u. K. Has no veto power over euro area legislation. An air raid on a hospital in syria has killed eight people. Syrian rebels say russia carried out the attack. The hospital was run by doctors without borders. A warning to the president of south korea, saying that north korea will gain the capability missiles unless the world forces kim jongil and tu new Satellite Photos show china has expanded its activity in the south china sea.
We want to go outside of washington today to get your thoughts on your congressional partys leadership. The numbers are on the screen. You can also go to social media. The phone lines are open. We will get to your thoughts in a moment, but first we want to show you what the majority leader in the senate, Mitch Mcconnell, had to say on the floor yesterday about their new majorities majoritys legislative priorities. [video clip] this november people did not ask for a government that tried to do everything and sales and they didnt ask for government that aims to do nothing and succeed. They asked simply for a government that works. They want a government of the 21st century. One that functions with efficiency and accountability, competence and purpose. They want to washington that is more interested in modernizing and reminding government then adding more layers to it, and they want more jobs, more opportunity for the middle class, and more flexibility in a complex age with complex demand
Is a very reasonable people here in congress. There are many who want to do what is right. There are many who want to Work Together to conduct the business of our nation. I would say to them in all my colleagues, now is the time. Now its time for for congress to stop fighting battles. Now is the time for congress to come together to do what is right for the nation and now is the time for congress to come together and fulfill americas financial obligations. I began my remarks and i thought appropriate to conclude with another one. Lincoln once said, and i quote him, i am a Firm Believer in the people. If given the truth, they can be depended upon to begin a national crisis. And bo. That is why we are here today. We need to give the American People the truth. The real fact, only then, whenever one understands the facts on the church would be able to meet this financial crisis. Senator hatch. Thank you, mr. Chairman. 20 thank you for holding todays hearing on the debt limit. I also want t