49. 1 billion in discretion fundi funding and the disaster of the relief fund. Today we welcome chad wolf, the acting secretary of the department of Homeland Security. Thank you for being with us. Mr. Secretary, the fy 21 budget proposes 49. 7 billion in discretionary funding for the department of Homeland Security. This is a cut of 750 million below the current year level. I want to be clear, absent of any in acted law to affect such a transfer, this subcommittee will continue to include funding f for the secret service. When including funding for the secret service for the total, the budget request for fy 21 is 1. 78 billion above the current year level. There is something of the proposed budget that i believe will find strong bipartisan support. However there are also proposals we should not expect to see funded in the house bill. Among those are funding for border barriers and the expansion of capacity. Particularly in light of high priority needs that just continues to hire custom
Here are the numbers 1. 15 and 1. 4 yep, im talking about the plummeting yield on the benchmark tenyear treasury where you only get 1. 15 return. And 1. 4 thats the apparent rate of the dreaded coronavirus. At least thats what we think it is whi while bond yields keep falling, now 1. 4 number is much better than 2 number weve been worried about with the outbreak. Which along with the treasuries this very afternoon is why the market was able to rebound today. S skyrocketi skyrocketing 1,294 the s p 500 surnling 4. 6 . The nasdaq 4. 49 okay i dont want to be simplistic here but this market is ridiculously volatile it is controlled by fear thats the physical fear of getting sick, the fear of a slowdown in commerce as people are becoming reluctant to go outside and the impact of that fear which is causing investors to hide money in safe haven treasuries which are giving now yield. That is driving the prices up and yields down. Now we have seen the most minute changes in treasury yields pro
Today we welcome chad wulf, the acting secretary of the department of Homeland Security, thank you for being with us this morning. Mister secretary the fyi 21 budget proposes 49. 7 billion, in neck discretionary funding. For the department of Homeland Security. While this is a cut of 750 million below the current year level, the budget also proposes transferring United States secret service to the treasury department. I want to be clear that absent any inactive law to affect such a transfer this subcommittee will continue to include funding, for the secret service and its bill when including funding for the secret service in the total the budget requests for fbi 21 is actually 1. 7 eight billion above the current year level there are some things the proposed budget which we will find strong bipartisan support, such as funding for the coast guard cutter there are also support support for proposals we should not expect to see funded in the house bill. Among those the expansion of detenti
Would like to adjourn this evenings meeting in honor of the two firefighters that were killed in the line of duty. They were captain ramon and firefighter patrik jones. So moved, madame chair. Thank you. Second. And all in favor of adjournment . Aye. We are adjourned. Thank you all very much. [please stand by] good afternoon and welcome to the land use and Transportation Committee of the San Francisco board of supervisors for today, monday, february 24, im the chair of the committee, aaron peskin joined to my right by vicechair safai and to my left by supervisor dean preston. Our clerk is ms. Erica major. Ms. Major, do you have any announcements . Yes, please make sure to silence all cell phones and electronic devices. Completed speaker cards and copies of any documents should be submitted to the clerk. Items will appear on the march 3 board of supervisors agenda unless otherwise stated. Thank you. Can you please read the first item . Item 1 is a resolution authorizing assets from the
A sauce hangs in the balance as a london Court Decides whether the wiki leaks founder should be extradited to the United States if he says espionage charges that could put him in prison for life. Im sara kelly welcome to the program we begin with the latest on the corona virus in china the outbreak has prompted the National Peoples congress to postpone its annual 10 day beating for the 1st time in decades it comes out in chinese authorities reported 150. 00 deaths from the corona virus in a single day pushing the total number of fatalities in the country to almost 2600. 00 south korea meanwhile has raised its Infectious Disease alert to the highest level after more than 162. 00 cases were reported on monday. Now iran has confirmed that the death toll has climbed to 12 people there are the highest number of fatalities for any country outside of china and authorities in italy are reporting a 5th death from the virus making italy the worst affected country in europe. Midnight on the itali