We will receive testimony from the secretary of the check treasury as required under title iv of the cares act congress has appropriated 3 trillion to protect to fight the pandemic and to stabilize the infrastructure of our economic system. A large portion of this funding is from the title iv of the cares act which has significant resources for loans and loan guarantees and other investments from the Federal Reserve with the emergency lending facilities in the states and municipalities and tribes. The title iv provided 454 billion as the infusion into the Stabilization Fund to support the emergency lending facilities that facilitated the qualities to support eligible businesses, states, local governments and tribes. And to be authorized under section 13 and to stabilize those markets but the Federal Reserve announced the establishment of the intent to establish to support the Financial Markets and businesses including some that are supported by the cares act. Last week other members of
To this virtual hearing the honorable steven mnuchin, secretary of the department of treasury and the honorable jerome powell, chairman of the board of governors of the Federal Reserve system. We will receive testimony from the secretary of the treasury and the chairman of the Federal Reserve as required under title iv of the cares act. Congress has appropriated 3 trillion to protect and support americans to fight the pandemic and also to stabilize the infrastructure of our economic system. A large portion of this funding is authorized under title iv of the cares act which provides resources for loans, guarantees, and other investments from treasury and the Federal Reserve 13. 3 emergency Lending Facility and programs in support of eligible businesses, states, municipalities, and tribes. Title iv of the cares act provided 454 billion as an infusion into the Exchange Stabilization fund to support the Federal Reserves emergency lending facilities that facilitate liquidity in the marketpl
Health and Human Services officials held a briefing earlier today to provide an update on the federal governments response to the coronavirus outbreak. During the briefing, h. H. S. Secretary alex azar said the immediate risk to the general American Public remains low. But as we have warned, that has the potential to change quickly. This is 45 minutes. Good afternoon, everyone. Thank you for joining us here today. This is the h. H. S. Briefing on the china coronavirus and we aim to do two things today. Provide the American Public with an update on the risk presented by the virus, and provide the latest update on the actions that president Trumps Administration is taking to respond to the outbreak and keep americans safe. Mr. Azar im joined today by the Principle Deputy Principal Deputy director for the centers of Disease Control and prevention in atlanta. The National Institute of allergy and infectious disease. Dr. Kadlec, h. H. S. s assistant secretary for preparedness and response,
I will have to be strict with the gavel. The witnesses have a tight timeframe, i know you will all cooperate with that. Let us begin. Welcome, mr. Secretary. We are glad that you are here. We have a lot to take up and every bit of it is obviously serious. The chair now recognizes herself for an Opening Statement let me begin with this, mr. Secretary. I think that confusion is the enemy of preparedness. Confusion is the enemy of preparedness. I believe that the administrations lack of fairness the Coronavirus Response is on full display. Markets are reacting, in some part, to the lack of trusted information amongst many other factors. Our government has to speak with credibility and authority. Instead, it is like a greek chorus chanting through the state. That adds to the confusion. There are key questions that need to be addressed for the American People. What is the full plan should this virusinfected american in high numbers what is the plan for increasing diagnostic capacity . Limit
Wash authors april ryan and cal thomas sunday on book tv on cspan2. Health alec cesar health and Human Services secretary azar was in washington. He talked about the federal government response to the outbreak and testifying on the president s 2021 budget request. The second panel on the Coronavirus Response, those questions will be limited to five minutes, which is the usual case. Only 10 members will be able to ask questions during that round. I will have to be strict with the gavel. Since the witnesses have a tight timeframe and i know that you will all cooperate with that. Let us begin. Welcome, mr. Secretary. We are glad that you are here. We have a lot to take up and every bit of it is obviously series. The chair recognizes yourself for five and its for an opening statement. Let me begin with this. , mr. Secretary i think that confusion is the enemy of preparedness. Confusion is the enemy of preparedness. I believe that the administrations lack of coordination for the Coronavirus