Next the director of the federal Housing Finance agency testifying on housing and mortgages during the coronavirus pandemic. House Financial Services Committee Members asked him how his agency is handling the rice in foreclosures and forbearances as well as the operations of fannie mae and freddie mac. The hearing runs over three hours. The committee will come to order. Before we begin, i want to remind members of a few matters including some required by the regulations accompanying House Resolution 965, which established a framework for Remote Committee proceedings. First, i would ask all members to keep themselves muted when theyre not being recognized. It will minimize disturbances while members are asking questions of our witnesses. Members are responsible for muting and unmuting themselves. The staff have been instructed not to mute members except when theyre not being recognized and theres background noise. Members are reminded that they may only attend one remote hearing at a ti
Any time. Members are reminded to keep their video function on at all times. Members are reminded that theyre responsible for muting and unmuting themselves and to mute themselves after they are finished speaking. Consistent with the regulations accompanying the resolution, staff will mute members when not recognized to avoid inadvertent background noise. All house rules relating to order and decorum apply to this remote hearing. [ inaudible ] economy and i know recognize myself for four minutes to give an opening statement. Chair powell, the law that required the Federal Reserve chair to testify before congress twice each year was established back in 1978. However, no fed chair has ever testified before this committee with the economy in the condition that it is in today. More than 116,000 americans are dead from the coronavirus. And just last week, 21 states recorded an increase in their average daily new cases compared to the prior week. The april jobs report was the worst in Americ
This is the one business show you cant afford to miss something in washington coming up as the global number of coven 1000 cases of surges towards 3000000 the European Union comes up with its own half trillion euro Recovery Plan in a new report to the Congressional Budget Office as dire numbers for the future of the economy and the federal deficit much of the total expense on the economy Washington Area doctor about the right to tell a health and how it may become the new normal but we have a show for you today so lets go and ive read a. Global infections for the coronavirus stand out more than 2700000. 00 the total death toll and nearly 200000 World Leaders met virtually with the World Health Organization to launch what they called a landmark collaboration to fight the pandemic will the u. S. Did not participate but french president mondale mccrone and german chancellor Angela Merkel were among the group and they pledged to accelerate their work on these tests drugs and even vaccines
Infections for the coronavirus stand out more than 2700000. 00 the total death toll and nearly 200000 World Leaders met virtually with the World Health Organization to launch what they called a landmark collaboration to fight the pandemic will the u. S. Did not participate but french president manuel mccrone and german chancellor Angela Merkel were among the group and they pledged to accelerate their work on these tests drugs and even vaccines while you as you and secretary general antonio terrorist cited the importance of these global efforts. World needs of the development of production and equal to believe many of safe and effective government 19 facts into the bill to x. And theyd gnostics not a vaccine or ticked most for one country or one digit or one of the worlds but the vaccine and treatment at that affordable safe effectively easy administers and universally available for everyone everywhere. Meanwhile Brazils Health minister confirmed 407 new deaths the countrys highest day
Infections for the coronavirus stand out more than 2700000. 00 the total death toll and nearly 200000 World Leaders met virtually with the World Health Organization to launch what they called a landmark collaboration to fight the pandemic while the u. S. Did not participate but french president emanuel mccrone and german chancellor Angela Merkel were among the group and they pledged to accelerate their work on these tests drugs and even vaccines while you as you and secretary general antonio terrorists cited the importance of these global efforts. The world needs of the development of production and we quickly believe many of safe and effective government 19 facts into a bill to x. And theyd gnostics not a vaccine object most for one country or 100 or one of the worlds but the vaccine and treatment at that affordable safe effectively easy administers and universally available for everyone everywhere. Meanwhile Brazils Health minister confirmed 407 new deaths the countrys highest day to