At 10 00 a. M. Eastern on book tv, cspan2. House Financial Services Committee Chair Maxine Waters held a field hearing on combating homelessness in the Los Angeles Metro area and its impact on a massive a national level. Officialsrnment participated in the hearing to discuss Affordable Housing. The committee on Financial Services will come to order. The chair is authorized to declare a recess of the committee at any time. Not on of the house were the Floor Committee are authorized to participate fully in the hearing and members of the local media may engage in audio and visual coverage of the proceedings. Any recording of todays proceedings are solely to educate, enlighten, and inform the consideration of legislative issues as well as developing an understanding and perspective of the house of representatives and its role in our government. Coverage may not be used for any partisan Political Campaign purpose or be made available for such purpose. Finally, i want to welcome hearing,udie
The committee on Financial Services will come to order. The chair is authorized to declare a recess of the committee at any time. Not on of the house were the Floor Committee are authorized to participate fully in the hearing and members of the local media may engage in audio and visual coverage of the proceedings. Any recording of todays proceedings are solely to educate, enlighten, and inform the consideration of legislative issues as well as developing an understanding and perspective of the house of representatives and its role in our government. Coverage may not be used for any partisan Political Campaign purpose or be made available for such purpose. Finally, i want to welcome hearing,udience to the which we will conduct under the rules of house of representatives. This is entitled examining the homelessness crisis in los angeles. I give myself five minutes to give an opening statement. Again, good morning to everyone. Welcome to the committee on Financial Services field hearing.
Present arms. Ladies and gentlemen, the president of the United States. [playing hail to the chief. ] all staff. All staff. Alt. Ladies and gentlemen please remain standing for the singing of the National Anthem by the United States navy band. Present. Present. Arms. Staff. Present arms. O say can you see by the dawns early light what so proudly we hailed at the twilights last gleaming whose broad stripes and bright stars through the perilous fight oer the ramparts we watched were so gallantly streaming and the rockets red glare the bombs bursting in air gave proof through the night that our flag was still there o say does that starspangled banner yet wave oer the land of the free and the home of the brave staff. Order. Se. Ies at ea good morning it is a great , day for a prayer, a great formation and we thank the lord to be here in this great weather in washington, d. C. Lets pray with me today. Lord, we come to you in this moment and seek your blessings upon this ceremony. Defense se
But for mount tam a pretty sunrise on the way. Looking at the clouds clearing to the coast. 60s there midday. We will look at mid 80s inland, upper 70s around the bay. 90s have arrived since yesterday inland, continuing today, 80s around the bay with cooling on happen for the second half of the weekend but today will be the hottest day of the week. We will talk about the up isser time spread from the coast to the inland valleys and the week chris. Lisa, thank you. New overnight, one person is in the hospital after a big rig crashed and rolled on to its side on highway 101 in San Francisco. It happened just before 12 30 this morning in the south bay lanes near Zuckerberg San Francisco General Hospital and vermont street, known as hospital curve. The crash closed three of the four lanes. They have since reoped. It is unclear what caused the truck to crash. Happening now, Tropical Storm barry is closing in this morning. It is a live look at louisiana where the storm is bringing 65mileperh
What is the medium and longterm plan . This is certainly reaching crisis proportions. You have a debt in excess of 21 billion. Proposals like medicare for all will add over 30 trillion. This is crazy. One of the things we have to do, we have met with folks this week and last week talking about better ways of valuing the Public Benefit of different federal investments. Everyone knows you can look back at the percentage of the budget attributable to mandatory spending programs, programs not subject to annual congressional appropriations, that has exceeded far in excess of 70 of the overall budget. Up from percentages as low in the upper teens, even the low 20 percentile range decades ago. We have to attack the mandatory spending side and make sure we apply criteria that looks at the value generated from these investments, just like any private company would fo, just like a family at home would do. I believe we should actually impose penalties on members of congress. It is our job to nego