The Ranking Member and i will be recognized for five minutes during the question and answer sessions. Without objections ordered we will both be recognized for three minutes and they will now yield myself threeminute but once again thank you for being here its been seven years since the chair of the Federal Reserve has appeared before this committee and we are very grateful for your being willing to do that i want to make sure that we support the independence and the repeated attacks are unacceptable and dangerous. I look forward to hearing the testimony and discussing Opportunities Congress and the fed have to support the workers and to foster a healthy sustainable economy that works for all americans and with that i will yield to the Ranking Member. It is an honor to have you before this committee as the chairman of the committee has said its been many years since the researcher man has been here and now we are delighted to have you. I will submit my opening comment for the record so
This House Committee on the modernization of Congress Heard from congresswoman nita lowey chairs the committee. This hearing was announced before congresswoman low we announced he would retire from Congress Following this term. Committee will come to order. Without objection, the chair is authorized to declare a recess of the committee at any time. This hearing is titled recommendations for approving the budget and appropriations process, a look at the work of the select committee on process reform and i recognize myself for five minutes to give an opening statement. The 104th congress which convened in 1945 was the last to pass Appropriations Bills. That was almost 25 years ago. Most house members serving today have never seen a process that works the way it was supposed to where stand alone bills were passed on time. And established by the bipartisan budget act of 2018. The committee was charged with making recommendations to significantly reform the process. It was acknowledgment th
Outlook and some of the things we have done with regards to the tax cuts and jobs act, different regulatory changes, to maintain the growth we have seen or expanded, what recommendations would you give . I think the outlook is still a positive one. There is no reason the expansion cannot continue. There is a lot of value in continuing it. We have to use our tools to accomplish that. We are seeing in the 11th year longest inion, the u. S. Recorded history, what we are seeing is that income gains are the highest at the lower end scale, so it is positive. We are also seeing people being pulled back into the labor market. There is a lot to like about this rare place of the 11th year of expansion. I think we are committed to doing what we can to expand it. Rep. Herrera beutler in that know your testimony touched on concerns with the national debt. Could you elaborate on that and how it should be addressed, particularly as it relates to expanding or at least not contracting the economy . Cha
Good afternoon, everyone. Good afternoon everyone, welcome to the National League both cities, its a pleasure to have you and what we call city hall away from your city, town or village in america. The National League of cities is an organization that represents 19,000 city, towns and for being here because were releasing the 34th annual city fiscal conditions report. Each person in this room is here for a reason. Youre interested in what is happening in cities all over america. Perhaps you enjoy digging into data and understanding the fiscal nature of the data on our communities. You really want to hear about the pressures city leaders face every day in balancing their budget, dealing with issues, the various policy issues and the federal impact on those issues. Or you just want to make sure that youre in the right place at the right time dealing with and learning about what america will be dealing with as it relates to the fiscal impact of our economy. For all of these reasons at its
Good afternoon, everyone. Welcome to the National League of cities. My name is clarence anthony. Im the ceo and executive director of the National League of cities. Its a pleasure to have you in what we call city hall away from your city, town or village in america. The National League of cities is an organization that represents 19,000 city, towns and for being here because were releasing the 34th annual city fiscal conditions report. Each person in this room is here for a reason. Youre interested in what is happening in cities all over america. Perhaps you enjoy digging into data and understanding the fiscal nature of the data on our communities. You really want to hear about the pressures city leaders face every day in balancing their budget, dealing with issues, the various policy issues and the federal impact on those issues. Or you just want to make sure that youre in the right place at the right time dealing with and learning about what america will be dealing with as it relates