Goldman sachs, wells fargo. Senate Banking Committee oversight hearing is about 3 hours. Senator scott, thank you for your work on this. The eight bank ceos appearing before us today lead the biggest global systematic banks in the United States of america. Your banks hold nearly 15 trillion in assets, manage trillions of dollars of investments and retirement accounts, fund the Biggest Companies in the country. You hold nearly half of the nations deposits, more than 80 trillion in client assets. Your banks touch almost every aspect of our Financial System in workingamericans money even if they are not your customers. You may be private companies but the mistakes you make dont just affect you, they dont even affect just your shareholders or just your workers, the mistakes you make affect the whole economy and as we remember from 2008, 2009 they can certainly affect american taxpayers. That amount of enormous power should also come with enormous responsibility. We finally have financial w
Washington journal continues. At the table this morning is kevin kuhlman, he is the Vice President for federal government relations. Thanks for being here, it is National Small business week. Describe what it is like right now for Small Businesses postpandemic. Guest thanks for having me today, happy Small Business week to the more than 33 million Small Businesses, it is the nations leading Small Business efficacy organization, we advocate on behalf of nearly 300,000 Small Business owner members in all 50 state capitals in washington dc, the guiding principle, our Mission Statement is to promote and protect the right of Small Business owner members to own, operate and grow their business to promote and to protect the right of our Small Business members to own and operate their businesses. Its great to be here this Small Business week. Small businesses do face and under certain future and has some economic challenges still, coming out of the pandemic. Inflation and workforce shortages w
Donald trump launching new unfounded attacks on the judge in his hush money trial, even as the judge rips into his legal team. But with a newly expanded gag order now in place, has judge juan merchan run out of options to try to keep trump quiet . And how does all of this set the stage for that Landmark Trial now less than two weeks away. Plus, a team of innocent humanitarian workers killed by an israeli strike. The stunning claims now from the World Central Kitchen insisting the strike was no accident. And the fallout for millions of palestinians as other Aid Organizations followed wck and paused operations in gaza. And could todays Recall Vote Mark the final chapter of a councilor in oklahoma. His opponents hoping to correct what they call a grievance error. Well get the latest from our reporter in enid, oklahoma, a few minutes from now. We start with the legal walls closing in around donald trump. The former president facing new restrictions about what he can say about his hush mone
Good afternoon. I like to call the subcommittee on housing transportation and Community Development committee to order print out to thank you as always senator you and your staff are working with us on this hearing. What a focus on Community Development Financial Institutions or cdfi and how specifically cdfi can promote Housing Development and Economic Opportunity. I think both center at lummis and i believe everyone in this country should have the freedom and the opportunity to build the lives they want. This is the American Dream and an essential Building Block for pursuing this dream the people have access to capitol and lending and resources so they can buy a home or build a Small Business or get an education. We also know not everyone has equal access to capitol and Financial Services this inequity drives big gaps for disparity, opportunity and wealth which is will be sooner country. Communities of color and Indigenous People and rural areas often do not have the same access to c
One would details veto , im offended that because a ak with my book. In light of the other question, the idea of distinguishing accept treasury purchases into market functioning purchases and qe purchases. Have done that maybe they would have kept to be going quite so long. Theres reason why. We have to go. Thank you so much. This is been terrific. Thank you so much. I love we are color coded. We did that on purpose. Thank you so much. [applau force. It so much. Thank you for having us here today for this important event and deeper. Weve been working on this issue for many years. We ran on task force in 2010 that is the shadow and a few of the recommendations on Social Security and the secretary of education is president who committed to fiscal policy. One thing we are going to do is link the policy to the money policies stakeholders care about and explain why it needs to be invested. We are going to zero in on Social Security and i had a fantastic group of folks here that help folks u