Good morning. I will call to order this Senate Budget committee hearing. Good morning and welcome to the Senate Budget committees hearing on the president s budget 2019. Al for fiscal year this budget submission comes to us on the heels of a busy first year for President Trump. I am proud of the hard work and leadership that went into passing the tax cuts and jobs progrowth taxc bill that is bringing investments back to america and boosting takehome pay for workers. The president s new budget submission, and im interested in learning how the Administration Proposes to build on this momentum and further strengthen our economy. One of my greatest concerns as a United States senators ar our Countries National debt. To secure our economy longterm for future generations we must tackle this growing problem while lowering taxes is proving to bolster our economy which will bring in new revenue, we we have a spending problem in america. I look forward to hearing which way we could use taxpayer
We had a long weekend. Abigail they are getting back to work with more records. We have the dow, s p 500, and nasdaq trading nicely higher, hitting another day of simultaneous highs. Anyway you slice this, we are looking at very bullish assets. It is the best monthly performance since march last year, a continuation of the rally out of the election. Administrationp will reinvigorate the economy. Have a 1 move up or down for the s p 500. If you go to the bloomberg, the top orange line is a 1 move up and the bottom orange line is a 1 move down. We are on day 50 without the move in either direction, the. Ongest streak since july 2014 investors are waiting for more information before they make a bigger move with the s p 500. Have a somewhat stilted rally of rally ofgh stealth record high after record high. The fed in march, what it actually does for stock. But we are looking across asset class, it is a bit of a reversal. The bloomberg dollar index was trading higher by 4 10 of 1 . The 10 y
We had a long weekend. Abigail they are getting back to work with more records. We have the dow, s p 500, and nasdaq trading nicely higher, hitting another day of simultaneous highs. Anyway you slice this, we are looking at very bullish assets. It is the best monthly performance since march last year, a continuation of the rally out of the election. Administrationp will reinvigorate the economy. Have a 1 move up or down for the s p 500. If you go to the bloomberg, the top orange line is a 1 move up and the bottom orange line is a 1 move down. We are on day 50 without the move in either direction, the. Ongest streak since july 2014 investors are waiting for more information before they make a bigger move with the s p 500. Have a somewhat stilted rally of rally ofgh stealth record high after record high. The fed in march, what it actually does for stock. But we are looking across asset class, it is a bit of a reversal. The bloomberg dollar index was trading higher by 4 10 of 1 . The 10 y
Facebook. Com cspan. We will get to your thoughts in a minute but lets begin with that Youtube Video. Here is what president elect donald trump had to say. Would like to provide the American People with an update on the white house transition and policy plans for the first 100 days. Our team is working smoothly and and truly talented men and women are being brought in and many will soon be a part of our government, helping us to make America Great again. My agenda will be based on a simple core principle putting america first. Whether it is producing steel, building cars, or curing disease, i want the next generation of production and innovation to happen in our ,reat homeland, america creating wealth and jobs for American Workers. I have asked my Transition Team to develop a list of executive actions we can take on day one to restore our laws and bring back our jobs. Hese include the following on trade, im going to issue a notification of intent to withdraw from the Transpacific Partn
His his credentials on financial matters are impeccable. Peter is the chair and financial policy studys for the [indiscernible] aei, he joining practiced banking corporate and financial law. He has held a number of government positions. During the reagan administration, he had a role in reagans proposals for deregulation in the Financial Services industry. He was white House Counsel to president reagan later. And then also served under new york governor nelson rockefeller. Is the author of ronald reagan. He has written many books on financial risks. He frequently writes columns that are published in the wall street journal. As well as the oped pages of the new york times. Ladies and gentlemen, lets give a warm steamboat welcome to peter wallison. [applause] [singing] well, it is wonderful to be here. I must say i have to give a lot of credit to jennifer because i have written a book and it is an important book, i think, but what jennifer saw in this book when it first came out, which w