Really tough. California has by far sustained the largest job lead out. We had over 925,000 initial new claims filed the week of april 4, added to the over 1 million claims. Filed the previous week, we now have over 2 million new claims just filed within two weeks. The National State and claimant rates are now shirley well over what they were during the worst of the Great Recession and many more job losses are coming. Any federal aid or paycheck protection plans including the more than 2 trillion announced by the Federal Reserve today is just to keep the economy from collapsing. But he says we should not, and cannot wait for the virus to be totally conquered. We need now, to start looking at a plan in california, start opening up the economy and seeing what it will look like. In all likelihood reopening would involve a gradually phasedin combination of regular testing, workplace social distancing, and some residual working at home for some workers. A. Of months, perhaps even a longer,
Mr. Speaker, for a half years ago they said they would run three small deficits and then balance the books the reality is there is for big deficits for a total 70 billion. They did not respect our commitment and were still for four and half years 200,000 jobs are lost in the Energy Sector many investment have been lost to prices with more than a month to sell with their deals we can see clouds on the economic horizon. The right honorable Prime Minister, mr. Speaker. For four years we have been invested in communities and workers and the economy and this pays off. And with more than jobs and new years that opportunities for many more people but we realize with the coronavirus there are economic challenges on the horizon and that is why to be able to invest in canadians. For a half years ago been elected the house was in order. They had a surplus. They had the best gdp to debt ratio and Economic Growth that was the treaty that we left them. But today, there is no buffer left. How can the
They do not respect their commitment and still foreign a half years 200 billion jobs were lost in the Energy Sector the real crisis took the more than a month because they drag their heels so we can see clouds on the economic horizon. Right honorable Prime Minister mr. Speaker to be invested in communities and workers and this is paying off but you see more than 1 million new jobs in recent years the economy is growing but we realize with the coronavirus there are economic challenges on the horizon and that is why to invest in canadians. Four and a half years ago the house was in order with a surplus the best gdp to debt ratio with Economic Growth that is that we left them but there is no buffer left come we spent all this money and full Economic Growth worldwide . We remember the conservative approach to cut services to veterans a cap Public Health and eliminated Health Services for the most vulnerable refugees. And then to see it as a result we did keep buffer for difficult times and
Treasury secretary Steve Mnuchin says the administration is working with congress on a spending package for National Coronavirus response. He testified before the house ways and Means Committee on President Trumps 2021 Budget Proposal and was asked about the governments response to the outbreak as well as its Economic Impact. We want to be able to take advantage of the opportunity this morning to give the secretary time for the give and take in the dialogue that were going tome brace here for the next couple of hours. To embrace here for the next couple of hours. Mr. Neal i think we can provide to the first issue so we can get to the chairman. It is of no controversy. So, first, let me call the ways and Means Committee to order. Good morning. Before turning to our hearing this morning. The committees annual budget on views and estimates for fiscal year 2021 in accordance with the requirements of section 301d of the congressional budget act of 1974. Members will find the letter in front
[inaudible] we want to be able to take advantage of the opportunity this morning to give the secretary time for the give and take in the dialogue that were going to embrace here for the next couple of hours. I think we can proceed to the first issue so we can get to the chairman. It is of no controversy. No con. So, first, let me call the ways and Means Committee to order. Good morning. Before turning to our hearing this morning. The committees annual budget on views and estimates for fiscal year 2021 in accordance with the requirements of section 301d of the congressional budget act of 1974. Members will find the letter in front of them. Let me thank Ranking Member brady for working with me on this matter so that we are able to submit a consensus document to the Budget Committee that reflects the priorities of the ways and Means Committee as a whole. Without objection, the views and estimates will be considered as read and open for amendment at any point. And if there are no amendment