[inaudible conversations] welcome. Committee will come to order. Committee on the Budget Hearing today on the congressional budget offices budget and Economic Outlook will commence. Well hear testimony from director swagel through the congressional budget office. Welcome. Without like to yield myself such time as a may consume. We are talking about fisa mac this week, which is an issue of National Security. And want to quote admiral mullen, at a hearing defense hearing where when asked what the biggest threat to nationals could do was come his response was the biggest threat to National Security is our National Debt. Jerome powell the fed chairman who probably is loath to opine on fiscal policy in the 60 minutes interview said the National Debt, our fiscal path, is completely unsustainable, and its an urgent matter that we must address. I think thats significant. Thats some backdrop to the budget baseline update on february. Was recently in may of 23 and then this recent update here in
[inaudible conversations] welcome. Committee will come to order. Committee on the Budget Hearing today on the congressional budget offices budget and Economic Outlook will commence. Well hear testimony from director swagel through the congressional budget office. Welcome. Without like to yield myself such time as a may consume. We are talking about fisa mac this week, which is an issue of National Security. And want to quote admiral mullen, at a hearing defense hearing where when asked what the biggest threat to nationals could do was come his response was the biggest threat to National Security is our National Debt. Jerome powell the fed chairman who probably is loath to opine on fiscal policy in the 60 minutes interview said the National Debt, our fiscal path, is completely unsustainable, and its an urgent matter that we must address. I think thats significant. Thats some backdrop to the budget baseline update on february. Was recently in may of 23 and then this recent update here in
Local income Tax Deductions and we heard some of those questions during the White House Briefing and doubling the standard deduction for 12,000 for single families. It is limited to 1. 5 trillion over 10 years in order to qualify rules for the senate to pass the bill. Well look at the final hour of debate on the house floor, but we join now the Senate Finance committees review of the plan live now on cspan. [captions Copyright National cable satellite corp. 2017] ick nick that is a tool to lower the cost of purchasing that equipment. On the margin, more equipment is going to be purchased. Thats what happens when you change the incentives. And guess what, somebody gets to make that equipment and middleincome workers at a factory and someone else gets to use that equipment when it is put to work and that expands the productive capacity of the economy. That is the dynamic we want that is also in the bill. Thats why we are doing this together and why we should stick with the underlying bil
To ask questions. Without objective, thats so ordered. Can would like to welcome everybody to the hearing today. Its going to focus obviously on how we can build the 21st century infrastructure. And the committee is holding a host of hearings to gather ideas on what congress can do to achieve this goal. And today, were going to hear ideas from our highways and transit stakeholders. Gathering input from our stakeholders is essential to the process. That we use to again surface transportation policy. Its valuable in our efforts to pass the act, which was the first longterm highway bill in a decade, and were going to continue to need your assistance with future legislation. Even with the Additional Resources we provided, the nations surface Transportation System still needs additional investments. Enacting a long Term Solution for the Highway Trust Fund is a critical component to insuring we can address those needs long into the future. Since passage of the f. A. S. T. Act, building a con
3 30 p. M. Eastern today here is to follow the president to missouri. Future the Federal Reserve on deck set to testify today in the state of the economy on capitol hill as her possible successor thatcher nominee Jerome Powell was questioned by lawmakers. December 13th at the meeting. Features indicate a rally that will not quit on the heels of a triple digit. Dow industrial a quarter of a percent higher. The s p 500 positive. European bases right now but they make story with the ft 100 down to third to 1 . Caci passes a percent of the dax up almost 1 . Markets in asia close in japan, shanghai and china both. Hang seng and kospi lower. Suspect in deadly murder spree in custody this morning. Florida authorities have arrested a man they believed to be connect to do a series of killings in the tampa area. Details of a possible serial killer and his arrest is morning. 1 billion for freedom billion for freedom. One of the senior princes arrested in saudi arabia in recent crackdown has been