Cbo chief dug elmendorf, Donald Marron are in the chairs with complete break down what this all means to you. To wall street right now though. In of itself a breaking story, stocks fighting to stay in the green. We race toward a record close for the dow. The nasdaq briefly turned negative past hour. Dow at one point had been down one point. High as up 35. Things could change at any moment of course. Yesterdays loser is todays shining star. The Retail Sector bouncing higher after target boosted its guidance, saying retailer is doing pretty well in face of competitive environment. Translation, amazon. Right now target up nearly 4 1 2 . Target taking other retailers along for the ride. Jcpenney, macys, look at kohls, up nearly 5 . Walmart. All seeing green, not just a tiny bit. Not just up 1 . Jcpenney up 7 . Still a 4. 95 stock. By the way, walmart is one of the toppersage gains on the dow. Look at u. S. Hospital operators and Health Insurers falling any moment. Half a percent down 5 . A
Energy secretary ernest moniz talked before a house energy subcommittee. Also discussed the impact Climate Change has on Energy Security, as well as the aging u. S. Energy grid and the areas that should be prioritized. This runs two hours. This hearing will finally come to order. Obviously, four votes and members going home have put time crunch on this committee. I want every member to know whether youre republican or democrat, ten terms or first term, youll have a chance to ask our witness your questions. But that means ill be very aggressive with the gavel to ensure you stick to the fiveminute limit. And heres my example. Im giving myself five minutes for an Opening Statement. America is back. We are an energy superpower. That statement would have sounded odd a handful of years ago, and laughable in the 1970s. But the fact is, we are awash in energy. Today, we are the worlds leading producer of oil and gas, and were less reliant upon foreign sources of energy. Our resources are plent
U. S. Energy grid and the areas that should be prioritized. This runs two hours. This hearing will finally come to order. Obviously, four votes and members going home have put time crunch on this committee. I want every member to know whether youre republican or democrat, ten terms or first term, youll have a chance to ask our witness your questions. But that means ill be very aggressive with the gavel to ensure you stick to the fiveminute limit. And heres my example. Im giving myself five minutes for an Opening Statement. America is back. We are an energy superpower. That statement would have sounded odd a handful of years ago, and laughable in the 1970s. But the fact is, we are awash in energy. Today, we are the worlds leading producer of oil and gas, and were less reliant upon foreign sources of energy. Our resources are plentiful and affordable. So affordable that low prices have become a common complaint back home in houston, texas. Except from my daughter in college who now has m
Supply. It involves many issues including market structures. And we could go on and on. Substitution possibilities, etc. But but what we tackled so far were the difficult issues of things like helping ukraine face the winter, etc. This year and that will continue. But this year frankly a harder issue. We are due to report onto the g7 leader summit. And that is a real intermediate to longterm plan for integrated collective Energy Security. And that gets into some very fundamental policy issues in different countries. But that will be a big agenda item for this year. Finally let me say a few words on the quadrennial Energy Review. I have to say a few words about it first. Some of you are familiar and some are not. This is an admissionwide effort that is looking to weave together all of the equities and threads of an Energy Policy across the government. The first of the quadrennial. It to us its one plus one plus one plus one. And in the first one, we are focussing on energy structure. Tr
The physician payment sunshine act. It was a bipartisan piece of legislationo senate by senatorrofz grassley. Republican from iowa. And senator herb kohl a democrat from wisconsin. And the bill sought to lift the veil on the relationship between industry and it was a true piece of Bipartisan Legislation that was founded on a lot of the research that youre going to hear from some of our great speakers today. It was written in conjunction z with the information that we gotrcd from the research community, and the consumer community, represented by pew and allen here today and aarp and amsa and me concerned that these r b2bk ; relationships, the Financial Relationships, were impacting both the quality of health care, and the cost of health care. J2. Sn and i have to say that the process was long and tireless. At the time i worked for senator herb cole and we had, with my colleague Chris Armstrong from oa senator grassleys office, about 300 meetings with consumer a d z tr t hahp hc groups,