I apologize for being tardy up here but i was in the back, i didnt get the memo about where i could stand and listen and show. I really admire dr. Gal vin, i wished he talked for another half hour, i might have learned something. Im grateful to all of you for the work that you do. I also want to say since ive been working on this Childhood Obesity issue for more than a decade now, i want to thank all of the privatesector companies and ive listened backstage to trishs remarks, i have been to the middle east and to asia to participate with efforts against Public Health problems there and im very grateful that there are companies that at least are trying to work themselves out of part of their jobs, giving children a healthier future. I want to thank Robert Wood Foundation for working with us and i will say more about president and ceo of pha and my good friend howard, ceo for healthier generation. But im im very glad that all of you are here and glad that in this sort of how should i say
This hearing will come to order. Today well receive testimony from the secretary of the United States department of treasury on domestic and International Policy issues. Thank you mr. , secretary for attending today. This is secretary mnuchins first hearing since being sworn in as treasury secretary in february and we look forward to our discussion. Many of this committees priorities fall within the jurisdiction of the Treasury Department, including Housing Finance reform and development of policies to encourage a healthier economy. We look forward to working with you and your staff on these priorities and improving the lives of americans. Housing finance reform means the most significant piece of business following the crisis. Its important to build bipartisan support for a path forward. Last week we received testimony from the federal Housing Finance Agency Director mel watt. At that hearing he emphasized it is Congress Congress that needs to act to determine the future future of Hou
We can communicate any change in direction or any new information at this point. Okay, well thank you. See the rest of education secretary devoss testimony online in the Video Library at cspan. Org. Back now to our coverage on the conference of the federal role in education. Remember to use the sign in sheet wherever that is going around. Please sign in. Right here. I think. I dont know. Should i pass it . Ill pass it down. Im going to hand it to you. Sign the sign in sheet. Awesome. Were here today to talk about the every students succeeds act. Im a reporter at politico here in d. C. , i cover education policy. And we are going to talk about this law that passed in 2015, that replaced no child left behind and where states are at right now. Were going to talk about that today. To bring you up to speed, essentially, there are two submission windows for states to send in their plans under this law for Holding Schools accountable for how they plan to intervene in schools. For how they pla
System. Fannie mae and freddie mac have been in conservatorship for close to nine years. In september 2008, then treasury secretary hank paulson famously described the conservatorships as a timeout. Today, fannie and freddie along with fha continue to dominate the Mortgage Market. Approximately 70 of the mortgages are backed by the federal government. While fannie and freddie are currently earning profits, if the Housing Market experiences a downturn, taxpayers could again be on the hook for billions of dollars. The status quo is not a viable option. The Housing Finance system depends on two Government Sponsored Enterprises and perpetual conservatorship is not a sustainable solution. Taxpayers today bear too much risk and the government plays too big a role in the Mortgage Market. A number of groups have released proposals for reform in recent months. Including the mba, the icba, the milken institute, several coauthors writing jointly for the urban institute, and many others. The commi
Once again . A corruption conviction for brazilian president lula sentenced to a decade in prison. He can appeal. What does it mean for the Economic Reform Program in brazil . Matt we are less than an hour away from the start of european equities trading. Very interesting to watch today because for you see the futures futuresuro stocks 50 unchanged. That was the biggest gain since april 24 and globally, stocks have risen once again to an alltime high. Bulls are faring well in this market. Take a look at the bunds. Yesterday we had a big jump in bund yields. Still finishing higher on the day. Now we are just about even right now. Trading at 0. 582. Trades not as exciting, a reversal we have seen in the last couple of days. Yesterday and germany, not causing the kind of tantrum we saw with the french issue a few days back. Ftsi and the dax, entry intoand the the u. S. Markets. The austrian dollar well bid this morning by. 41 . Question if it is a derivative of the australian [inaudible]