For the upcoming fiscal year, a testimony from the secretary, jennifer granholm, live coverage here on cspan3. The chair will recognize himself for a fiveminute Opening Statement. Welcome to the hearing to review the department of Energy Performance and fulfillment of the statutory responsibilities and to examine the departments fiscal year 2025 budget request to congress. Welcome back to the committee, secretary granholm. The department of energy has National Security responsibilities to protect Energy Security and oversee the Nations Nuclear weapons program. They conduct an overseas taxpayerfunded research and development, providing loans and grants to help commercialize energyrelated technologies. These hearings are essential to ensure that the department is taking to its core mission and is a responsible steward of taxpayer resources. These hearings are essential. Members will also have an opportunity to examine the department of energys expanded budget request as this year they ar
Several measures in the law, such as narrowing the deficit, lowering drug prices and making the U.S. less vulnerable to energy price spikes, should all help reduce inflation somewhat.
to ask for some sort of bailout, but it is historically extraordinary to have a chancellor come here meeting the well s finance ministers, selling his budget policies, after they ve been hammered by the markets, been met with some scepticism by international colleagues and then, after having sold them, strong rumours back home in london of them being unpicked. his message today, there will be no u turns. how long will that last? the chancellor did make one concession to thinking in the markets. what i am going to acknowledge is the fact that it is a very dicey situation globally. that s what people are saying to me. there is nothing specific going on with the uk? there was some turbulence. uk specific? afterthe mini. where i m sitting here, talking about the global challenges, everybody is focused on inflation, everybody is affected by potential interest rate rises, everybody is affected by the energy price spikes.
incredibly volatile energy markets, chad? you are referring to diana degette, she kind of went down the line ticking off questions she wanted yes or no answers, and cutting them off. you know, a lot of times what members are trying to do is curate a narrative, so trying to make the energy executives look bad. democrats have a problem at the polls this fall because they are afraid that voters are going to blame them for high gas prices and this is their weapon against that. sandra. sandra: thank you very much. it was fascinating, too, the chair woman of the committee started out by showing a picture of oil and gas prices that dates back not months, but weeks. when we have been seeing energy price spikes for quite some time, more than a year of them. so there was very selective information given and questions asked. we are going do ask joe lavornya, and also dan
they could use, this crisis to and fossil fuels. it will nail the economy they keep doing all of the inflation really is rooted in the energy price spikes. reporter: it on . todd: i need to do this point by 2030 there will be less than 25 percent on the cars will be electric everything will still be fossil fuels. they have to stop this. they are not paying attention to american families who are driving cars fueled by gas. todd: russia will be sanctioned on seafood and vodka and diamonds also even special trade status make it harder to access the markets. will any of this teacher russia? exactly. symbolically it probably matters and economic maybe from changing his behavior?