Pursuing all the measures necessary to reduce our prison population and to reduce our prison population and to pursue a humane and liberal approach at the same time. I congratulate the Prime Minister on his election. Britain is establishing itself as a world leader on the technologies of the fourth industrial revolution. Will my right honourable friend support out my right honourable friend support our Small Businesses and start ups that create the wealth that fund our Public Services . I thank my honourable friend for all the good work he has done to promote british start ups, and i look forward to further conversations with him about ways to encourage that investment. The Prime Minister says he believes in the london living wage, yet so many cleaners in whitehall are not paid it. Will he commit today from the dispatch box that every single entry level worker and cleaner in whitehall will be paid the minimum wage, regardless of whether they work for the ministry ofjustice, internation
For ukraine, the National Debt and inflation reduction. This is two hours. All right, let me call this hearing of the budget to order. I want to thank my we start it 10 00 oclock today had a presentation to make. I thank you for indulging that. [inaudible] none on so let me first say good morning to our Committee Members present in a special welcome to our witness young. Director young its always a pleasure to have you here before the committee. There is simply no better communicator of a complicated budget procedure than you. President biden is very lucky to have this you in this important position the president is fond of saying, a budget is a statement of values. That message is especially salient to this year as pde biden and maga republicans offer starkly different visions of our countrys future. On the one hand President Biden released a fiscally responsible budget that puts the middle class first, cuts the deficit by 3 trillion paves the way for a stronger safer and more prosper
We will come to order. The tears authorized to had to recess at any time. This is the Federal Reserves that are annual monetary report. Without objection, all members have five days in which to submit extraneous materials for inclusion in the record. I will note at the outset, we have a hard stop at 1 00 p. M. To the observed. I see chairman powell smile. Thats three hours. I will know recognize myself for the opening statement. In june of 2023, the conversation in washingtons concerning inflation shifted significantly. Not because of the lectionary fire has been extinguished. From the most recent data available, food cost is up 21 as President Biden took office. Energy costs are up more than 32 . Shelter costs are of more than 19 and you will pay 37 more for a dozen eggs in america today. As we said in january, people are still paying more for the basics of life and the prices they are paying are still high. And they arent happy about it, as you know, it is our colleagues know. But ac
September, and if you havent paid attention tesla shares are down 10 this week alone only two trading days. If they had gotten ai from oh. Well talk about that, a war of words, openai is firing back at elon musk. Theres 1 chance well talk about it. Publishing emails appear no show the tesla cofounder did support creating a for profit entity. Lets begin with the markets and the testimony from the fed chair today. Jim, got some news on what he will say in terms of written words. Yeah. Look, i kind of when march is off the table, i think this is, obviously, one of those, i want to get a little more expansive and getting tired of the game of what month instead, what i see is a man who said listen, were not going to have a hard landing or soft landing. Were fine if it gets weaker well cut. Its kind of a Great Central bank essay about what you need to do in order to be able to get out of an inflationary period. David, i think hes becoming more of a, lets just say a true statesman how far to
Markets. Expecting nikki haley in south carolina, Jerome Powell in washington, d. C. We have the s p 500 up about one half of 1 . And the nasdaq 100 also seeing similar gains of stocks. The Philadelphia Semiconductor index on track to erase the losses from yesterday and we have the twoyear yield just dropping down to 453 on the day. Now, were going to bring you the jolt state joined by Michael Mckee to join with us the details. Michael looks like shanoly, it is unchanged. The revised number was 8889. Not a drop there but it was a significant from over 9 million. No change there. Sonali as we wait for Jerome Powell to start his. , what is his expectation out of not just what he will say on the onset what types of questions he may get . Michael hes already given up his text. Its very short and he repeats the idea that theyre high rate and they will cut rates. They hope some time this year. But they have to make sure that inflation is still on its way down. So nothing new in that. The que