Generating 46 million in proceeds. Beyond our brick and mortar infrastructure is our Information Technology infrastructure in which the government and the Global Economy depends. Reliable i. T. Is vital to all of the services the government provides. However, many agencies are not able to effectively have i. T. Infrastructure, emission writ call systems due to large upfront Capital Investment needs and increasing share of costs that maintaining these older systems occupy in technology budgets. To address these issues, the budget includes requests to establish a 3. 1 billion Information Technology fund, which would be used to retire and modernize legacy and Information Technology systems to improve Cyber Security and the delivery of services as well as reduce costs. In closing, gsa has made significant progress in fulfilling our mission to delivery the best value and Real Estate Acquisition and Technology Services to government and the American People. The president s fy2017 request wil
Strategy, the pivot, the military girding of that is largely the u. S. Navy and the central that makes much sense if the navy is stable in size or growing because otherwise you have 60 of a smaller force that may be less than 50 of the old force and if you do the math, sequestration is roughly at the crossover point. In other words, it would force a reduced fleet size if it was to stay over longterm, which would be in the range of lets say 240, 250 ships, maybe less and 60 of that is no improvement. Relative to 50 of where we are today. Which is about 285 ships. Its more or less a watch. If you are trying to send a signal, you have taken the ability away by sequestration. Thats a clear way and a reason im against sequestration. I dont think we need a build up, but a nice, steady, real increase would be, to me, a good thing. Over to you. Thank you. If i had a real good answer for the question, id probably call the secretary of defense this afternoon and let him know, but its a very impo
Screeria nigeria. Briefing. And later epa Administrator Gina Mccarthy testifies on her agencys 2016 budget request. Next treasury secretary jack lew and John Koskinen testify on the 2016 budget request for the Treasury Department. They also discuss cybersecurity, tax fraud, Taxpayer Services, and Small Businesses. This runs just under two hours. The subcommittee on Financial Services and general government will come to order. Good afternoon. The subcommittee as i said, will come to order. Today marks the first hearing of the Financial Services and general Government Subcommittee for the 114th congress. This is also my first hearing as subcommittee chairman. And im pleased to serve alongside the new Ranking Member my good friend, senator coons. I would also like to acknowledge senator langford and senator durbin. Although our subcommittee is small, the number of agencies we fund is large. And their impact on our economy is significant. Im confident that our members are up to the task be
Do you have any thoughts about what treasury is telling people about buying back preferred stock and the regulators kind of might view actions on the . Senator, from the treasure perspective weve been working our way through the tarp assets trying to resolve them so that we can recover taxpayers investments fully, whenever possible. And we have worked with Community Institutions and have no objection when Committee Institutions are able to do that. Im not sure what the regulatory issue is what youre describing but id be happy to look into. We dont have any authority over that decision. How the fed does have to coordinate with treasure. Id like to get you a formal letter on this i would be happy to look into the. Two other points that are very specific to the maryland d. C. Area, just bring your attention and ask you to look into them and then i have a pretty big question. One of which is that the entire retired d. C. Firefighters have called my office along with alan Holmes Norton that
Attack takes place in our own country. This president by the way his former secretary of state let us down in this regard. We will hear from hillary clinton, from an emilys list gala, and we will hear from jeb bush in iowa, speaking at a fundraiser for david young today at 6 30 p. M. Eastern here on cspan. The Senate Appropriations Committee Held a hearing on tuesday to review the president s budget request for the Treasury Department. Jack lew and john cost them and discussed why additional spending is being proposed. They also talked about areas like Cyber Security, tax fraud and irs Taxpayer Services in helping Small Businesses. This is almost two hours. The subcommittee will come to order. Today marks the first hearing of the Financial Services and general Government Subcommittee for the 114th congress. This is also my first hearing is subcommittee chairman. I am pleased to sit alongside the new Ranking Member. I would also like to knowledge the other members of our subcommittee. A