Business news live from singapore. Could the us be set to roll back tighter Banking Regulations put in place after the Global Financial crisis . Apple displays the recent fruits of its labour at a Tech Conference in california. Its tuesday, good morning, asia, hello, world. Youre watching Asia Business report. Plans to overhaul the us Banking System may be taking shape. Stop makers are expected to vote on a bill to scale back much of the act. These regulations were put in place under president obama after the Global Financial turmoil but banks complain the regulations are to restrictive. The Credit Crisis Cost the us more than 80 million jobs, chile and of dollars in lost wealth and almost 10 million homes after the worst recession since the great repression, the reform will was introduced to make another crisis less likely. This was the moment democrats hoped to put banks in check, president obama signed into law a bill that would address Wea K Into Law a bill that would address weak
Budget director mick mulvaney. I want to thank jared and chris, adviclavell. I want to thank ivanka for working so hard on it. Our goal is to lead a sweeps transformation of the Governments Technology that will deliver dplat i canally Better Services for citizens, stronger protection from Cyber Attacks which we were just discussing. Thats a big problem, there is no question about it. Well solve the problem, and up to a trillion in savings for taxpayers the next 10 years. Over a trillion. We are embracing big change, Bold Thinking and outsider perspectives to transform government and make it the way it should be and at far less cost. My administration has taken historic steps to modernize critical i. T. Systems and make government more transparent. As an example, you are seeing what we are doing with the airports. With all of the billions of dollars that have been spent on planes flying in the wrong direction. We are getting a change. We are getting that whole system fixed. Money wasted
Someone that quite frankly is not an enemy of the Financial Community by any means, but his boat, his voice, thats where all of this is really being tracked very carefully on political operative meetings at the 200 pennsylvania. David we are waiting for Mitch Mcconnell to speak and we will bring him as soon as he begins. Michael mckee, what do republicans want to do . Theres also with the senate has to do. The nonelective stuff, funding, thats looming large as we get closer to let the timber 30 deadline. Mike they have to get a 2018 budget in place. They dont have to, but if they want to tax reform, they need to put that reconciliation vehicle in, the parliamentary way of getting a vote on tax reform without having to go to a 60 vote majority. They really need to get that done in their window is until september 30, when the government has to be funded. They also have to do something about the debt ceiling and they have to do something about funding the government, whether its a continu
Someone that quite frankly is not an enemy of the Financial Community by any means, but his boat, his voice, thats where all of this is really being tracked very carefully on political operative meetings at the 200 pennsylvania. David we are waiting for Mitch Mcconnell to speak and we will bring him as soon as he begins. Michael mckee, what do republicans want to do . Theres also with the senate has to do. The nonelective stuff, funding, thats looming large as we get closer to let the timber 30 deadline. Mike they have to get a 2018 budget in place. They dont have to, but if they want to tax reform, they need to put that reconciliation vehicle in, the parliamentary way of getting a vote on tax reform without having to go to a 60 vote majority. They really need to get that done in their window is until september 30, when the government has to be funded. They also have to do something about the debt ceiling and they have to do something about funding the government, whether its a continu
Someone that quite frankly is not an enemy of the Financial Community by any means, but his boat, his voice, thats where all of this is really being tracked very carefully on political operative meetings at the 200 pennsylvania. David we are waiting for Mitch Mcconnell to speak and we will bring him as soon as he begins. Michael mckee, what do republicans want to do . Theres also with the senate has to do. The nonelective stuff, funding, thats looming large as we get closer to let the timber 30 deadline. Mike they have to get a 2018 budget in place. They dont have to, but if they want to tax reform, they need to put that reconciliation vehicle in, the parliamentary way of getting a vote on tax reform without having to go to a 60 vote majority. They really need to get that done in their window is until september 30, when the government has to be funded. They also have to do something about the debt ceiling and they have to do something about funding the government, whether its a continu