So the Vice President is the only person that can cut through that, talk to the private sector and simultaneously talk to state and local governments. And put all those pieces together. Hes also the only person that can demand a unified budget out of the omb and across the government. This was a bipartisan recommendation. It was a bipartisan recommendation. I have to tell you, i hesitated, as someone who sat in a government agency, a powerful government agency, i hesitate to transfer power to a Vice President or to the white house in general. As you know, cabinet agencies have a certain amount of tension with white houses. But at the end of the day, this is one of the areas where you need a unified budget. The only other place we have a unified budget is actually in intelligence. So this is a parallel to that, to pull all the pieces together. And its important enough to identify the Vice President. And Vice President s always have some time to take on other responsibilities. Thank you
Next, a Senate Hearing on u. S. Preparedness for biological threats. Then Gina Mccarthy talks about the clean water act and the clean power plan. After that, new mexico governor sus Susanna Martinez gives her state of the state address. Now a house hearing on the nations preparedness for biological threats. It comes following the release of recommendations from a special panel on biodefense. This is just over two hours. Good morning. We will begin this hearing. We will have votes in a couple hours. We want to make sure we move quickly through this. Before i start, i want to acknowledge that our good friend and Ranking Member of the committee, frank palone is not with us because his father died. We keep his family in our prayers. I did not personally know his father, i know he raised a good son. So we thank him for that. We will continue on from there. Next, joined today also with my colleague who is wearing Denver Broncos orange. Congratulations for a super they must be a good team, be
Few hours here north and west of boss top. Thats why we have this Winter Weather advisory through 9 00 this morning. That icy glaze from freezing rain literally making travel hazardous this morning. There is a huge difference in temperature depending on where you are. Look south of boston. It is in the 40s to near 50 degrees. From the city of boston on north and west we are at or below the freezing mark and that is a problem. We have seen things dry out a little bit so were not seeing much additional precipitation right now until we get out into northern worcester county, Southern New Hampshire with patchy light freezing rain. With temperatures below freezing it is very icy out there right now. You can see the radar is beginning to quiet down but there is more moisture down to the south. Theres also warmer air. As we go through the day, the temperatures will come up. In fact upper 40s to near 50 by noontime. And in the 50s this afternoon looking for a high of about 55 in boston. Even 5
Where do you see opportunities . Well talk about that on power. Tyler continues on vacation. Im is not my partner at the nyse. Hi, simon. The theme for the first few minutes, the bear scare. One for stocks, another in housing. We start with housing. A big question being raised about the still recovering real estate markets. Fannie mae has been speaking to diana olick, or the chief economist has been speaking to diana. What is he saling . Reporter well, he doesnt call himself a bear, but he does say, quote, i am a realist. Fannie maes chief economist downgraded his forecast for the housing recovery dramatically. We have looked at a combination of the research we have done on the demographics, and then looked at the mechanics of the construction space and looked at what some of the boomers are doing, and we concluded that people are too optimistic about whether or not 2015 is going to be a breakout year for housing. He says it wont be. So out came the ax in august. Duncan dropped think f
And the barrel is now squarely in opecs court. Will decide whether to cut or not cut. Oil dropping 30 in six months as we have been saying. Now, though, to sue who made it over the hills and over the bridge. It was a slippery ride. Today is the busiest travel day of the year. 46 million americans will be on the move. 3. 5 million plan to fly to their thanksgiving destination. The big storm hitting the northeast is derailing some of those plans. Phil lebeau is live at chicagos ohare airport. First to kate rogers at new yorks la guardia. Reporter we are just starting to see the weather start to shift to snow here at la guardia. We are noticing delays and cancellations on arrival and departure boards. We have more than 550 flights cancelled in and out of the u. S. We are nearing 2,000 flights being delayed. Here at la guardia 130 flights cancelled. A lot of the passengers we have been speaking to here looking to get out ahead of the storm. We always book early flights on holidays. I defin