[inaudible conversations] good morning, everyone. The committee will come to order. I welcome our witnesses in person at those appearing distantly. We look forward to the testimony and getting a better understanding of where the department of Veterans Affairs and the thirdparty administrators are in administering the mission act. Also very interested in hearing more today about the caregivers implementation as well. Almost every member of our committee though not physically present at the moment, some are joining us in person and others will be joining us almost every member of the committee will be participating. The focus of todays hearing is the implementation of title i under the mission act by the department of Veterans Affairs, relating to the Veterans Community care program and the program of comprehensive assistance for family caregivers. Io i scheduled this hearing because of my dissatisfaction with the pace of mission implementation. While v. A. Officials were invited to part
Committee, though not physically present at the moment, some are joining in person and others will be joining us, almost every member of our committee will be participating expected in todays hearing. The focus of todays hearing is the implementation title 1 under Veterans Mission act, program of assistance to family caregivers. I scheduled this hearing because of my dissatisfaction with the pace. While officials were invited to discuss the critical programs they oversee, the department chose to decline that invitation. This committee and the va shared a common goal to pass the mission act in 2018 to better serve veterans and their families and we continue to Work Together to address important issues for our nations veterans. I would expect them to be here with this to share all theyve accomplished since the va was transformed with this legislation and discuss what needs to be done to make improvements. The va is an integral part of in dialog, which is why i planned a whole subsequent
Role, on the Long Distance round table, ben levisohn, carlton english and jack howe. The fed has been sometimes blamed for propping up the market, but it looks like fridays selloff may have been in part due to what the fed was saying and doing. Thats right. I think the fed made a mistake. They released the results of their a bank stress tests, and at first they looked just fine. The dividends were capped for the third quarter, but that wasnt much of a surprise. Normally the suspension of buybacks because no ones really buying back banks anymore, but they left a lot of uncertainty about future quarters. As investors looked at those numbers, they a really started to get a bit afraid of what it meant for bank stocks, and then they started to fall on friday. And it really isnt good for the market at this point or investors. Tech is about 27 of the s p 500 right now. If thats near dot. Com levels. Investors really need other choices besides tech, and they were starting to feel comfortable w
Role, on the Long Distance round table, ben levisohn, carlton english and jack howe. The fed has been sometimes blamed for propping up the market, but it looks like fridays selloff may have been in part due to what the fed was saying and doing. Thats right. I think the fed made a mistake. They released the results of their a bank stress tests, and at first they looked just fine. The dividends were capped for the third quarter, but that wasnt much of a surprise. Normally the suspension of buybacks because no ones really buying back banks anymore, but they left a lot of uncertainty about future quarters. As investors looked at those numbers, they a really started to get a bit afraid of what it meant for bank stocks, and then they started to fall on friday. And it really isnt good for the market at this point or investors. Tech is about 27 of the s p 500 right now. If thats near dot. Com levels. Investors really need other choices besides tech, and they were starting to feel comfortable w
Role, on the Long Distance round table, ben levisohn, carlton english and jack howe. The fed has been sometimes blamed for propping up the market, but it looks like fridays selloff may have been in part due to what the fed was saying and doing. Thats right. I think the fed made a mistake. They released the results of their a bank stress tests, and at first they looked just fine. The dividends were capped for the third quarter, but that wasnt much of a surprise. Normally the suspension of buybacks because no ones really buying back banks anymore, but they left a lot of uncertainty about future quarters. As investors looked at those numbers, they a really started to get a bit afraid of what it meant for bank stocks, and then they started to fall on friday. And it really isnt good for the market at this point or investors. Tech is about 27 of the s p 500 right now. If thats near dot. Com levels. Investors really need other choices besides tech, and they were starting to feel comfortable w