Are doing. Their back and forth just ahead. Arthur on approach the first Tropical Storm of the season inching closer to North Carolina packing heavy rain and high winds millions along the east coast feeling its impact al has the very latest on where it could be headed. Start your engines detroits Auto Industry begins reopening plants this morning. 60,000 workers returning to the line in a new world. This camera gives you a realtime reading of your temperature. Just ahead our exclusive look at new safety precautions in place and our interview with the ceo of ford. What i know is were ready. Why he says today marks a vital step for the entire country. And back in the swing. Major sports return over the weekend with golf and nascar and the crowds go wild. Won the race, and its dead silent out here. We miss the fans. From home today, monday, may 18th, 2020 announcer from nbc news, this is today with Savannah Guthrie and hoda kotb from studio 1a in Rockefeller Plaza good morning, everybody.
Yesterday to reauthorize federal aviation programs and would enact safety protections for passengers the Senate Passed a shortterm extension to prevent the current bill from lapsing later today and the house will take up the full legislation the house is expected to vote on it next week. We are learning more about the probe by the s. E. C. Into boeing reviewing statements over the Safety Practices after a panel blew off the alaska air flight back in january. We talked a lot about it investigators focused on the comments made by the Company Executives may have misled investors in violation of s. E. C. Rules. We will hear headlines about this for some time. In fed speak, San Francisco fed president mary daly said Interest Rates are currently restraining the economy, but it may take more time to return inflation to the Central Banks goals. It sounds like higher for longer pitch. It echos remarks from the fed chair jay powell last month where daly said the uptick in price data shows you ca
If not by phone, you can weigh in on social media. You can also post a comment on facebook. Com cspan. The folks at the Pew Research Center have a report out with a inakdown the 3. 95 trillion federal spending. Social security makes up 24 of that spending. Medicare, 15 . Other types of health care, 50 . Income security, 13 . Veterans business benefit 5 . Education, 3 . National defense, they save 15 of the budget. Net interest, 6 . The headline to the piece says, what does the federal government spend your tax dollars on . Social Insurance Programs mostly. Paul ryan, the speaker of the house, boasted on a radio show about teh the future. Here is what he had to say. We will get to paul ryan in a seconds, but read a bit from the Weekly Standard first. He says that following the tax bill, ryan is not one to bask in the glow of past accomplishments. I asked about his priorities for 2018. He named three. Surprisingly, health care reform. I dont think the Health Care Issue is done, he said,
20,660 a year to 50,440. The Senate Small Business Committee Held a hearing on the new labor rules. Senator david vitter chairs this hour 10 minute hearing. Good morning, everybody, and thanks for joining us today for the Senate Small Business and Entrepreneurship Committee hearing to examine the obama administrations proposal to more than double the current salary threshold under the fair labor standard acts overtime exemption for administrative, executive, and professional employees. Were going to hear from a Diverse Panel of experts and stakeholders on the impact this proposed rule would have an Small Businesses and organizations around the country. And i want to thank all of our witnesses for being here today. In previous hearings, this committee has focused on the need for Regulatory Reform in light of how federal agencies often issue new rules and regulations that cause extreme undue burden on Small Businesses. As one of the most controversial labor regulations pushed by the obam
Job cuts for the colleges employees. Senator alex ander joined senator tim scott to author s2707, the protecting workplace advancement and opportunity act, which would prevent the department of labor from finalizing president obamas proposed rule. I strongly support these efforts to move forward with the bill and want to commend their work on this important issue. Along with the Small Business Administrations Office of advocacy and members of congress from the house and senate, i have raised several concerns about the role and representation of Small Businesses throughout this rule making process. I storongly believe this proposl lacks adequate Economic Analysis and i was alarmed when the office of advocacy submitted comments that sharply criticized the mean in which the dol crafted the proposal. Their comments stated that the dols initial regulatory flexibility analysis was inaccurate and severely undercounted the number of Small Businesses that would be affectaffect ed by the rule. I