Future. And the Nonpartisan Congressional Budget Office has told us that the houses proposal will not generate sustainability of Pension Plans or the sustainability of the pbgc. So we better not spend time on something the Congressional Budget Office just isnt going to bring a solution and definitely not a longterm solution. In contrast, the proposal that senator alexander and i are releasing today addresses the immediate needs of the few multiemployer plans facing immediate crisis in a manner that protects participant benefits and also ensures a sustainable multiemployer Pension System for the long haul. And it does this all in a fiscally responsible way. Our proposal is not a giveaway to corporations or to unions, and its a better deal for the taxpayers at the same time than a future that even with a larger problem and a pbgc funding needs that will almost surely be met with a taxpayer bailout. All participants in the system would make a sacrifice. Let me make that clear. All partici
Floor on cspan2. The president pro tempore the senate will come to order. The chaplain, dr. Black, will lead the senate in prayer. The chaplain let us pray. Eternal god, from the rising of the sun until its setting, you remain the same. We find solace in your changeless faithfulness; your mercies sustain us each hour. Lord, do not keep silent as our lawmakers grapple with the great issues of our time. Reveal your purposes to them, guiding them on the paths of courage and obedience. Lord, remind them that you appointed them to their work, and they are accountable to you. May they not forget that you are the supreme judge of the universe in whose presence humanity must one day stand. We pray in your holy name. Amen. The president pro tempore please join me in reciting the pledge of allegiance to our flag. I pledge allegiance to the flag of the United States of america, and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. The presid
Be holocaust era insurance claims. What to do that went out. Difficult topic in many ways but i am glad we are having that hearing. Senator feinstein, i really i want to opening statement, i will defer to you. Percival thank you mr. Chairman. For holding this hearing. Today we are discussing holocaust era insurance claims. Its interesting before and during the second world war, many europeans purchased insurance policies to protect their assets and loved ones. While many of these individuals perished as victims of the holocaust, those who survived and the heirs of those who did not have sent attempted to collect the proceeds from those policies. However, beneficiaries have found it difficult to collect on these policies. Because the paperwork had often been left behind or destroyed during the genocide. To remedy this and justice, american insurance regulators, european Insurance Companies, the state of israel, and jewish and survivor organizations in 1998, established by check. It is i
Todays hearing is going to be holocaust era insurance claims. What to do that went out. Difficult topic in many ways but i am glad we are having that hearing. Senator feinstein, i really i want to opening statement, i will defer to you. Percival thank you mr. Chairman. For holding this hearing. Today we are discussing holocaust era insurance claims. Its interesting before and during the second world war, many europeans purchased insurance policies to protect their assets and loved ones. While many of these individuals perished as victims of the holocaust, those who survived and the heirs of those who did not have sent attempted to collect the proceeds from those policies. However, beneficiaries have found it difficult to collect on these policies. Because the paperwork had often been left behind or destroyed during the genocide. To remedy this and justice, american insurance regulators, european Insurance Companies, the state of israel, and jewish and survivor organizations in 1998, es
Official approval. Speaksstanleys boss exclusively to bloomberg, warning the fed against cutting rates. Ive supported the latest fed rate cut and i suspect they will do one or two more. But then it is time for a pause. Shery more from that exclusive interview with james gorman ahead. Plus in Bloomberg Technology global link, aps incremental tweaks to the iphone lineup. We will ask if that is enough to lure buyers. Thats get you a quick check of how the markets closed in the u. S. A bit of a rocky session for markets. Gains and losses but throughout the session getting a bit of a boost. The dow up three tents of 1 . The s p 500 unchanged. Media reports talk about chinese purchases of u. S. Agricultural goods. Greato have not so optimism when it came to bail trade negotiations and those concerns wait on tech stocks with the nasdaq unchanged. We have Energy Stocks higher with oil fluctuating after the National Security advisor was let go from the white house. Lets get you started with a q