Breaking news out of washington. New deficit numbers coming up in the congressional budget office. Analysts say the gap will be higher than they thought a few months ago but it is still going to be the smallest deficit since 2008. Peter cook is in washington with more. Put it into perspective for us. The deficit for this year according to the congressional budget office, 506 billion, up from the 492 billion estimate back in april thanks largely to weaker than expected Economic Growth which has hurt tax receipts. It is projected, the deficit, to drop lower in 2015, below the 500 million mark. The projection for this year compared to lesters deficit of 680 billion. It is dropping. Substantially. The projection for 2015, dropping to 469 billion. That would be the sixth Straight Year of falling deficit. The lowest number since 2008. The cbo warning the number is going to start to rise again starting in 2016 and eventually the 1 trillion thanks to Rising Health care costs, aging population,
Access on cspan, cspan2 cspan radio and cspan. Org. Recently the Federal Reserve and Consumer Financial Protection Bureau removed some lending restrictions on small banks. Next the Senate Banking committee looks at Community Banks and federal regulations. Richard shelby of alabama chairs the hearing. Next the Senate Banking the hearing will come to order. This week the committee here on banking begins an examination of potential changes to the current regulatory structure. Today we will focus on regulatory relief for smaller Financial Institutions. In the near future we will continue this examination by focusing on unnecessary statutory and regulatory impediments across the Financial Services spectrum. While there are some who continue to argue that current law is beyond reproach, there are many on both sides of the aisle that believe improvements can and should be made. Today we will hear from regulators on some of the lessons theyve learned and how best to overcome some of the challe
[ applause ] up next, on s span 3, Community Banking regulations, then discussion on u. S. Infrastructure challenges and the u. S. Supply chain. Later a hearing on freight rail. The Political Landscape has changed with the 114th congress. 43 new republicans and 15 new democrats and 12 new republicans and 1 new democrat, 108 women in congress including the first africanamerican woman in the house and first woman veteran in the senate. Keep track using congressional chronicle on cspan. Org. The page has lots of useful information including Voting Results and statistics about each session of congress. New congress best access on cspan, cspan2 cspan radio and cspan. Org. Recently the Federal Reserve and Consumer Financial Protection Bureau removed some lending restrictions on small banks. Next the Senate Banking committee looks at Community Banks and federal regulations. Richard shelby of alabama chairs the hearing. Next the Senate Banking the hearing will come to order. This week the comm
Of an organization that is how many have grown out of that though. Every time you kill one, you get 10 or 20 more to join the cause. So are we winning . And it has helped the iraqi forces, the partners and kurds Iraqi Security forces retake key strategic areas. In five months, i think there is limbed and preliminary but significant evidence that this combination of limited u. S. Force and partners is working. I appreciate your time. Im out of time. Thank you, mr. Chairman. I thank the member from florida. Well we appreciate the time of all of our witnesses here today. This was a start of a very important conversation so i think as we deal with this, deal with this growing threat from isis and as we deal with the president s request we thank you again. Were going to be submitting some additional questions to our panel. Appreciate your response and we stand adjourned. A reminder that if you missed any of todays hearing you can watch at anytime in our video library. Just go to cspan. Org.
Challenges we face as a nation and as a people. Of course, businesses does not they dont do it alone. And yes, businesses need the government to protect our security. And to maintain an economic platform of our country. But what Business Needs most of all from all of these Government Agencies is wise, competent and courageous leadership that knows when to get involved and when not to interfere. A government that is judicious and responsible in the exercise of its extraordinary powers to tax, spend and regulate. Today were hearing a lot of talk about socalled economic populism. Its advocates claim they are standing up for the average citizen. But what theyre really standing up for is the unbridaled growth of the Central Government and the development of a state run economy. We have economic populism in this country. And ill tell you what it is. Its 28 million businesses of every conceivable size and endeavor that have sprung to life in every town, city and community in our country. Its