General to hear about the proposal for the department of defense. I will start with some good news or start by thanking the witnesses for being here and further service to the country. Both served their country in various capacities for a long time, not an easy thing to do. I appreciate that and look forward to continuing to work with you. Unlike last year, we have a budget agreement, and last year we spend a lot of time talking about how difficult it is to run while anything in the government but certainly the department of defense without Appropriations Bills in a timely manner. Last year we were off by 3. 5 months, Something Like that thats better than drifting into the next year. We did get appropriation bills done by december of last year which gives some predictability to the department i think that is enormously important. This year we hope to come a little closer to october 1 certainly on the authorizing bill that also the appropriation bill but most importantly, we have a budg
I will start with some good news well, first of all, i will start with thinking our witnesses for being here and thanking them for their service to our country. Further service to the country. Both served their country in various capacities for a long time, not an easy thing to do. I appreciate that and look forward to continuing to work with you. Unlike last year, we have a budget agreement, and last year we spend a lot of time talking about how difficult it is to run while anything in the government but certainly the department of defense without Appropriations Bills in a timely manner. Last year we were off by 3. 5 months, Something Like that thats better than drifting into the next year. We did get appropriation bills done by december of last year which gives some predictability to the department i think that is enormously important. This year we hope to come a little closer to october 1 certainly on the authorizing bill that also the appropriation bill but most importantly, we hav
Thanking them for their service to our country. Both have served our country in various capacities for a long time. Not an easy thing to do. I respect and appreciate that work. I look forward to continuing to work with you. The good news i want to start with is unlike last year we have a budget agreement. And last year we spent a lot of time talking about how difficult it is to run anything in the government but certainly the department of defense without Appropriations Bills in a timely manner. Now, last year we were off by i dont know 3. 5 months, Something Like that, but thats better than drifting into the next year. We did get Appropriations Bills and an authorizing bill done by december of last year which gives some predictability to the department. I think thats important. This year we hope to come a little bit closer to october 1st. Certainly on the authorizing bill, but also in the appropriations bill. Most importantly, we have a budget number. And hopefully we can get that pre
The city has not seen widespread infection from the coronavirus. Still, she says more than 5300 people there are subject to mandatory quarantine. Hsbc revealed an employee in hong kong is one of them. The bank is urging workers who came in contact with a person to stay home for 14 days. House Speaker Nancy Pelosi is backing President Trumps assessment by the proposed by american ally doing business with huawei. Speaking at an International Conference in munich today, Speaker Pelosi warned european allies to steer clear of the chinese tech giant as they build their next Generation Cellular networks. She added, doing business with huawei could embolden chinese president xi jinping as he undermined democratic values, human rights, economic independence, and national security. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im mark crumpton. This is bloomberg. Live from bloomberg World Headquarters
Note a quorum is present. We we will hear testimony from e department of education implementation of borrowed eventual. Pursuant to commingle 7c statements are limited to the chair and Ranking Member. I want to thank secretary devos of being with us today and thank her for a green to hold enough time in the schedule all of the members present to have amendments confinements of questions pursuant to house rules. Especially thankful because this cheer im exercise my prerogative to go last in question order so it she were to leave early i wouldnt get to ask questions. I want to thank you for agreeing to stay with us for the fulltime. I recognize myself enough for the purpose of making an opening statement. We are here to examine the department of educations implementation of the borrower defense rule. I want to thank you, madam secretary, for appearing before the committee to discuss this important issue. Borrower defense is a rule grounded in basic fairness. Student borrowers who are def