Thank you all for coming. Welcome to infrastructure week. We have been looking forward to this for a while. Infrastructure was a thing that all pundits after the election when we are in the fractured state after the 2016 election, democrats and republicans, will they be able to work on anything . People said infrastructure. Why . Democrats like spending money and donald trump likes having things build. He sees himself as a builder. So, we were supposed to get something. We have not gotten something yet. Policy proves more complicated in practice than in promise. That is the complexity of this. That is why we assembled the excellent panel we have today. Anybody who follows staff about transportation infrastructure, the way cities work follows nicole. She is a senior fellow at the manhattan then we have nick of the heritage foundation. He is an economist. He is a Deputy Director of the thomas road to toot for Economic Policy studies. And finally we have Heritage Action tim chapman. He is
The secretary responded to questions about transportation grants to kentucky, the home state of her husband, tenant majority leader mitch mcconnell. Thank you all for coming. Welcome to infrastructure week. We have been looking forward to this for a while. Infrastructure was a thing that all pundits after the election when we are in the fractured state after the 2016 election, democrats and republicans, will they be able to work on anything . People said infrastructure. Why . Democrats like spending money and donald trump likes having things build. He sees himself as a builder. So, we were supposed to get something. We have not gotten something yet. Policy proves more complicated in practice than in promise. That is the complexity of this. That is why we assembled the excellent panel we have today. Anybody who follows staff about transportation infrastructure, the way cities work follows nicole. She is a senior fellow at the manhattan then we have nick of the heritage foundation. He is
I call this hearing to order. Todays hearing is about the need for this committee to draft and to pass a bipartisan Highway Infrastructure bill. Both Ranking Member carpers staff and my staff have been working on drafting this legislation along with all of the members of this committee. We appreciate all the input we received from our home states, from our fellow members and from transportation stakeholders. Its our shared goal to advance a bill out of the committee this summer. That means the Senate Environment and Public Works Committee will be first out of the gate to pass a Highway Infrastructure bill. This is appropriate given the history of bipartisan efforts to pass previous surface as far as surface transportation bills. Chef crumbling roads and bridges and they need to replaced. Projected population growth and existing congestion require states to build new capacity to meet future needs. Our economy is built upon a well functioning road system that allows products from rural a
About the collapse of silicon bank west church of the largest Bank Failures in u. S. History. Congressman mchenry discussed the role the Federal Reserve and the Deposit Insurance Corporation Bank Regulation of Risk Management. This event as hope and by the brookings institution. Kground noises] [background noises] good morning everybody. Im director on fiscal and Monetary Policy and be half the hutch and Center Center on me you to this event both the people in the room and the people watching remotely. Our subject today is what lessons we have learned from the really interesting efforts of march 2023. A year ago the glol Financial System suffered the most significant banking stress since the Global Financial crisis of 2007 and eight. As you all probably know if event Silicon Valley bank failed prompt and the fdic to take it over the middle of the dayay could not even make d it to the weekend which is as a one off event. Silicon valley was certainly for lack of a better term unusual. Th
Nt is hosted by the brookings institution. David good morning, everybody im director of financial policy here at brookings. Id like to welcome you to this event, both the people in the room and people watching remotely. Our subject today is what lessons we have learned from the really interesting episodes of march, 2023,. A year ago the Global Financial system sthiferred most significant banking stress the Global Financial crisis of 20072008. As you all probably know, Silicon Valley bank failed prompting the fdic take it over in the middle of the day couldnt even wait until the weekend, which is really unusual. Its tempting to see this as a oneoff event. Silicon valley was, for want of a better term, unusual. Almost all its deposits were uninsured, it was woefully unprepared for an increase in Interest Rates, but it was followed by what some have called the panic of 20 if thenature bank and First Republic and oversea credit suisse. To arrest what u. S. Authorities feared was a spreadin