At 1. 32 trillion and require federal committees to work on tax reform. Heres a look at some of the debate from the house floor. This runs about an hour and a half. Concurrentsupport of 71. T of Senate Amendment house concurrent resolution 71, the budget resolution for fiscal 2018. Passing a budget is never easy and has once again been a challenge this year. But i am encouraged with where were now and i am pleased that the senate did its work by approving a budget. One that we can support in order to unlock tax reform for the American People. Without question there are plenty of things that i wish were included in what the Senate Passed. Ideas that the house put forward earlier this month when we approved our budget. For example, i still feel strongly about addressing unsustainable mandatory spending, and that hasnt changed. The growing burden of debt caused by mandatory spending is a real problem that cannot be ignored. We owe it to the American People to do something to offer serious
Unsustainable mandatory spending, and that hasnt changed. The growing burden of debt caused by mandatory spending is a real problem that cannot be ignored. We owe it to the American People to do something to offer serious reforms that ensure Government Programs are financially sustainable and working well for generations to come. And i think we will tackle this important issue in the future. A choice. Dont have but despite any shortcomings of the Senate Passed budget, i am encouraged that it does reflect the shared priorities of both chambers. Moving forward with this budget by our upported president. I want to remind my colleagues that before final passage last week the senate did include numerous provisions previously passed by the house. And i was proud to be involved in those negotiations with the leaders of the house, the senate, and the white house. For example, the Senate Passed budget creates a mechanism that would permit the Budget Committee chairman to adjust the budget alloc
Strongly about addressing unsustainable mandatory spending, and that hasnt changed. The growing burden of debt caused by mandatory spending is a real problem that cannot be ignored. We owe it to the American People to do something to offer serious reforms that ensure Government Programs are financially sustainable and working well for generations to come. And i think we will tackle this important issue in the future. A choice. Dont have but despite any shortcomings of the Senate Passed budget, i am encouraged that it does reflect the shared priorities of both chambers. Moving forward with this budget by our upported president. I want to remind my colleagues that before final passage last week the senate did include numerous provisions previously passed by the house. And i was proud to be involved in those negotiations with the leaders of the house, the senate, and the white house. For example, the Senate Passed budget creates a mechanism that would permit the Budget Committee chairman
The grease fiveyear bond should price sometime today. What will that price be . The vix lower on the day. David time now for your morning brief. General motors and caterpillar will release their earnings later today. The home prices for may will be out. And we will get july Consumer Confidence data. Alix thank you. Companies in the s p reporting this week. Here is where we are stacked up so far taking a look at sales and Earnings Growth. Top is sales growth. The bottom is Earnings Growth. Blue is technology. Orange is the rest. Much google today. They are getting hit by 2. 5 after disappointing some investors in terms of revenue. Here is what the coo had to say. We are obviously happy with the ongoing strength and advertisement revenue, particularly in search. We continue to drive user adoption and engagement with mobile devices. Build bettero expenses for users and advertisers. We see increasing contributions from growing nonadvertisement revenue businesses. L trying us is pau google
The bad news for yahoo is that the 4. 8 billion deal between yahoo and verizon may be on life support at this hour. Bloomberg is reporting that verizon is trying to negotiate a price cut or even an outright exit from the deal. Maybe they want out and yahoo taking the potential rejection very badly. It is down more than 5 after it announced it had the biggest hack in internet history. More than one billion users compromised. We have a fox business exclusive with cofounder of aol, steve case, were going to ask him if he were the ceo of verizon, now knowing what he knows about all the yahoo breaches, would he get out with his jacket still on . And is part of this verizons fault . Steve case in a fox business exclusive. Plus, mystery in the motor city at this hour. General motors hastily calls a News Conference but the auto giant wont say what its about. Will ceo and chairman mary barra say her company is officially at war with china or Reveal Technology that could disrupt the entire indus