Order. Without objection, share off the rise to the clearer recess at anytime. This hearing is entirely on youll test when it secretary the treasury of the state of the International Financial system. Without objection, all members of five minutes within which to submit extraneous into aerials to the chair for inclusion in the record. I will note of the outset of this hearing we have a hard stop as a crew to see the secretary at one pm this afternoon. We will strictly observe it. Now i recognize myself for four minutes to get an opening statement. Welcome, secretary yellen. I appreciate you being here today. Todays hearing is about the state of the International Financial institutions. I want to take a minute to talk about the debt ceiling crisis that we narrowly avoided. First, were all glad that they seized behind us and. No one wanted to default no legislative branch official no executive branch official your statement says waiting until the last minute hurts american credibility i
Closing lower, the dow continued to drop after hours settling down 158. This after ending down more than 450 points throughout the day. The s p and the nasdaq also in the red. All markets are still up against President Trump was elected. This as violent antiglobalization protests break out in germany. Crowds coming in en masse carrying sticks and smoke bombs and pipes, trying to create havoc as World Leaders including the president arrive for the g20 senate in hamburg, germany. The protests are typical. You see them around economic summits like the g20 essentially in europe. Lets get to blake burman on the ground in hamburg. 11 00 in hamburg. The street behind me can you see, peaceful, calm, clear. This was very clearly not the scene a few hours ago. Over thousands of people behind me here as part of this protest in hamburg. The only activity that we see right now, helicopter in the sky, not sure if that is part of the Standard Police procedure with all of these World Leaders or if the
Violence in iraq. We still have the problem of at least three towns under isis occupation. We have no idea whether they will be staybehinds. We have the problem of syria and we also have a country where there are many other islamist elements, divisions between sunni and shiite, kurd and arab, there is something where its an important tactical victory but it doesnt bring stability to iraq. It doesnt eliminate the threat. Isis only was responsible for about 11 of the acts of terrorism in this region in 2016. And thats all of its affiliates. And that sort of puts isis into perspective. Rose we conclude with author and New York Times obituary require Richard Sandomir, he talked to jeff glor about his new book, the pride of the yankees, lou gehrig, gary cooper and the making of a classic. I think i became fascinated about a dozen years ago with the gehrig speech and then i started wondering, why cant i see the whole thing. And then i started getting a little more obsessed with the movie and
Violence in iraq. We still have the problem of at least three towns under isis occupation. We have no idea whether they will be staybehinds. We have the problem of syria and we also have a country where there are many other islamist elements, divisions between sunni and shiite, kurd and arab, there is something where its an important tactical victory but it doesnt bring stability to iraq. It doesnt eliminate the threat. Isis only was responsible for about 11 of the acts of terrorism in this region in 2016. And thats all of its affiliates. And that sort of puts isis into perspective. Rose we conclude with author and New York Times obituary require Richard Sandomir, he talked to jeff glor about his new book, the pride of the yankees, lou gehrig, gary cooper and the making of a classic. I think i became fascinated about a dozen years ago with the gehrig speech and then i started wondering, why cant i see the whole thing. And then i started getting a little more obsessed with the movie and
Youre in the situation room, americans get ready for the new years eve ball to drop as president obama and republicans stare down the fiscal cliff deadline. Plus, a new worry for hundreds of American Families who want to adopt. Well tell you what is behind the controversial move by russian lawmakers. And a new exposes what it calls the gun next door. Is it a way to protect communities against gun violence . Welcome to United States and around the world, wolf blitzer is off. Im candy crowley. Youre in the situation room. Washington is a deadlineoriented city, and this coming week brings one that is a real doozy, billions in tax increases and acrosstheboard spending cuts take effect. It forces members of congress and president obama to spend the last few days of 2012 on the job. We want to bring in cnn chief white house correspondent, jessica yelen, we all know they would rather celebrate new years eve elsewhere. How did they get here . Reporter it is such a good question, you know, cand