Watch cspans washington journal, live at 7 00 eastern this morning. Join the discussion. Shortly before the house voted to approve a coronavirus economic aid package, House Speaker nancy pelosi and majority leader steny hoyer spoke with reporters about the bill. Good evening, everyone. Thank you for being here at this hour of the night. Success weoud of the have had from both Committee Chairs and staff to put together this legislation. Sundaychumer and i last before the priorities we wanted called it the familys First Response to coronavirus. Crisis. This followed our bill last week, last this followed our bill last wednesday about the of 8 billion, putting families first. Between these two bills, we have an effect of stimulus to the economy, injecting those withrces as well as this bill, putting funds in the pockets of people who may be affected by the crisis. Wee, what we said were going to do. Put families first, with paid leave, paid sick days, family and medical leave, theployment
Thank you for being around this hour of the night. I am very proud of the success of our had, the Work Committee shares and their staff to put together this legislation. Sunday,ay recall, last Chuck Schumer and i Chuck Schumer and i put forth the Families First response to the coronavirus. The coronavirus crisis. This followed our bill last week, last wednesday, that was about the appropriations bill, 8. 3 billion dollars, putting Families First. Between these two bills, we have an effective stimulus to the economy, injecting those well as with this bill, putting funds in the who may bepeople affected by the crisis. Wehere we are, what we said were going to do. Put Families First, with paid leave, paid sick days, family and medical leave, theployment insurance, for children. Over 20 million children get meals at school. They have foot insecurity and this bill addresses that, as our seniors and and,s, who depend on that, again, filling food banks as well. Ofimportant decision, all that
Risks to the Economic Outlook. The fundamentals of the u. S. Economy remain strong. The Unemployment Rate has been near halfcentury lows for more than a year. The anticipation of job gains have been solid and wages have been rising. These strong labor Market Conditions have underpinned solid household spending, which has been the key driver of Economic Growth over the past year at the time of our fomc meeting in january, prospects for continued Economic Growth remained favorable, and we judged that Monetary Policy was well positioned to support that outlook. Since then, the spread of the coronavirus has brought new challenges and risks the virus has afflicted many communities around the world and our thoughts and prayers kgo out tho those who have been harmed its also disrupted Economic Activity in many countries and has prompted significant movements in Financial Markets the virus and the measures that are being take on the contain it will surely weigh on Economic Activity both here a
The Unemployment Rate has been near half century lows for well more than a year. Job gains have been solly lid and wages have been rising. Strong labor Market Conditions have underpinned solid Household Spending which has been the key driver of Economic Growth over the past year. At the time of our meeting in january, prospects for continued Economic Growth remain favorable and we judged that Monetary Policy was well positioned to support that outlook. Since then, the spread of the coronavirus has brought new challenges and risks. The virus has affected many around the world and our thoughts and prayers go out to those who have been harmed. The outbreak has disrupted Economic Activity in many countries an prompted Significant Movement in Financial Markets. The virus and measures being take ton contain it will surely weigh on Economic Activity here and abroad for some time. We are beginning to see the effects on the tourism and travel industries and we are hearing concerns from industri
President ial race its the biggest election day of the party. Turkey has shot down a syrian warplane over adlib in the northwest as Government Forces try to advance deeper to capture the last major rebel held area was the 3rd syrian fighter jets to be downed in 3 days turkeys escalating campaign is threatening to bring it to direct confrontation with the Syrian Governments ally russia the violence is taking an increasingly heavy toll on civilians 8 people were killed by an explosion and it looked city elsewhere fighting is intensifying in the south its happening and there are despite a ceasefire thats been in place there since 2018 there are reports of at least 5 people have been killed well how about a reports now from hard tie by the turkish syrian border. Operation spring shilled is in full swing Turkish Forces striking the syrian armys i mean addition depots tanks and Defense Systems theyve also shot down a warplane in southern italy the escalation in fighting comes as turkey says