Have a European Union as opposed to not having one in as many as our relationship with europe was good in both context. Ill take a swing at it. First of all, the e. U. Whatever the current problems may be is a Major Economic problem in the world and a Major Trading partner. Is that good for us or bad for us. Good for us. As they negotiation trade agreements with the United States. But as prosperity is growing and one that american investors can send their products and send their money and make investment. Do you have any proof that it was growing slower before or after the e. U. In the 1990s it grew quite well as did we. It has had propped since 2008. Weve recovered more quickly than europe has. This is outside of the framework of this hearing but do you have any data that backs that up, from the history of that, while were talking since 19 45 so somewhere in the neighborhood of 70 years. The lowering of trade barriers in europe which was part of the european project clearly helped sti
Today about the nuclear deal with iran with the u. S. And five other world powers and tie ran a few weeks ago and go straight to libby casey on capitol hill what is the atmosphere leading to this hearing . A build up not just in the past week as we watched news of the nuclear deal come up but for months because congress knew this day was likely to come and this is the first public opportunity for members of the Obama Administration to talk directly to Congress Members who they really want to win over to their perspective and so there is a lot of build up to this very moment. Now the administration has been Briefing Members behind closed doors and also tried to make some public pushes and saw president obama himself come out last week and talk about the deal but this is where the rubber meets the road stephanie and members of Congress Want the opportunity to ask genuine questions and also to show constituents back home they are pushing the administration to get details, to make sure tha
Have those sanctions in place. Let me ask this to the secretary. Is the president willing to make a clear and unequivocal statement not that all options are on the table, because iran does not believe thats a credible threat, that under no circumstances will iran be permitted to acquire a Nuclear Weapon . Secretary kerry . Did you hear my question . The i apologize this is my question. Is president obama willing to make a clear and unequivocal statement, not that all options are on the table, because i think if you talk to our intill against people iran does not believe there is a credible military threat that iran under no circumstances will be permitted to acquire a Nuclear Weapon. Absolutely. He has said that. He said all options are on the table the president has said very clearly under no circumstances will they be allowed to get a Nuclear Weapon and in fact i think ash carter reiterated very publicly, but can no im sorry. I have limited time. You have been with the iranians for t
Blogger undeniably some bad apples, this is not a case about bad people doing bad things. The majority of folks and nospace are trying to do the right thing every day. Enough of the problem is good people operating within a structurally flawed system. A market that sees personal financial interest of the advisor in the firm all too frequently missed the links in the best interest of the country. The result is what we saw happen. Our goal is straightforward to align the best interest of the customer what does that the advisor in the firm. The proposed rule in the product of a significant amount of average to stakeholders. I appreciate support from so many in the industry. People are trying moynihan, ceo of bank of america is bank of america is it doing what is in the best interest for customers is absolutely the right thing to do. Founder of vanguard very strong supporter will hear from the witness sure they have played in this space every day as a fiduciary work in the small investors
Strong handle. I want to ask secretary lew and secretary kerry about the consequences of Congress Voting down this deal. I heard senator rischs frustration the frustration made by the administration theres no choice. In fact, i hear you to say the very opposite. I hear to you say this is not, in fact, a referendum on this deal. This is a choice between two set of consequences. A set of consequences that flow forward if we approve the deal and then a different set of consequences that flow forward if Congress Rejects this deal. So as i look at that second set of consequence we have to be fully cognizant of if the u. S. Congress reject this is deal i see it in five parts. I want to give this analysis to you and then ask you both to tell me where im wrong or where i might be right. First, the sanctions are going to fray initially. Russians and chinese likely wont continue to sign on, and likely will in substance fall apart. Iran will resume its Nuclear Program as it gets closer and closer