Record as she answered questions. It included Vaccine Mandates, apprenticeships, and child labor abuses. [background noises] [background noises] is nick any on education and workforce will come to order. I note the quorum is present. That objection the chairs authorized to call recess at any time the committee on Education Workforce will come to order. Without objection, the chair is authorized to call recess at any time. Good morning, everyone. Welcome to todays hearing. Acting secretary su, i want to start by saying you have been a hard witness to schedule. The committee began working with the department to secure your in person testimony beginning in march. When you would not appear in may we honor your request to appear in june. Using a day, june 7, that was offered by your staff and to which you agreed. We have been more than accommodating to establish a mutual date for this hearing. So why is it that on late friday evening following the committees public posting of the hearing a
Kellyanne conway, House Minority leader nancy pelosi, and senatorsing an gus king and capito. Each one of our 680 locations is independently owned and operated by a local business person. Such as clint who owns two locations who is with me here today. I also serve on the board of directors of the International Franchise association. And i do that because the i. F. A. , International Franchise association, is the most vocal advocate for franchising. There are over 733 franchise businesses in the United States employing over 7. 6 Million People. And i give my time to the i. F. A. Because i love franchising. Ive been in it i like to say more than 20 years. We dont a woman never wants her age to be known. I have helped people get in business for themselves, not by themselves, have the opportunity, control their own destiny, but do that with the power of a brand and a power of training. So its exciting. Every day americans go into franchise locations, they go in as customers, they go in as
Market is back up to momentum today with dow industrials set to up 13 points, nasdaq, s p up a fraction. Ftse is down a quarter of a percent. But the cac quarante in paris and dax index in germany are up. In asia markets closed mostly higher. Nikkei average in japan best performer up about 1 . Breaking news right now, new Orleans Police officer shot and killed in the line of duty. Shooting took place during routine patrol, we have the very latest developments out of new orleans earlier today. The devastation in california meanwhile spreading, the death toll from mass i have wild fires now rising to at least 31 making this the deadliest week of wild fires in the states history. Hollywood Sexual Harassment scandal expanding, head of Amazon Studios facing accusations and actress slamming at jeff bezos over twitter. Plus new questions over Harvey Weinstein, report saying that his contract essentially allowed for Sexual Harassment, the explosive details ahead. All the stories coming up this
Also, i want to welcome the chairman of the Senate Banking committee, who has done an incredible job, mike crapo. Great job, appreciate it. [applause] pres. Trump as president , there are few decisions more important than nominating leaders of integrity and good judgment to hold trusted positions in public office. Few of those trusted positions are more important than the chairman of the Federal Reserve. Accordingly, it is my pleasure and honor to announce my nomination of Jerome Powell to be the next chairman of the Federal Reserve. Congratulations. Mr. Powell thank you. [applause] pres. Trump he is joined by his sisters, and io say congratulations to you all. Bow, youake that deserve it. Thank you for being here. Today is another important milestone on the past to restore Economic Opportunity for the american people. And just a short time, we have already made incredible strides. Unemployment is at its lowest level in more than 16 years. You know that very well. You know that very we
Toward a finish line. Like i said, it has been a busy year on the tax front. To be honest, it has been many years in the making. When President Trump was elected, i think the republican members of congress saw this as an opportunity to try to really drive things this year, 2017. Host we have linked to the 429page bill in our congressional chronicle. Just a couple highlights. It would reduce the number of individual tax brackets, reduces the top Corporate Tax rate from 35 to 20 . Limiting mortgage interest deductions to loans of 500,000 or less. It would roughly double the individual and family standard deductions, but it would also cap state and local property Tax Deductions at 10,000, increasing the Child Tax Credit from 1000 to 1600 per child, and no longer allows medical expense or property loss deductions. Aaron lorenzo, one of the issues that came up a week or so ago was the issue of the state and local Tax Deductions from 20 members of the new york and new jersey delegations voti