To President Trumps financial records. This is an hour and a half. The honorable, the chief justice and the associate justices of the Supreme Court of the United States. The Supreme Court of the United States give their attention, god save the United States and this honorable court. The first case we will argue today is case 19715, donald trump versus masers usa. Mr. Strawbridge. May appease the court, the subpoenas here are unprecedented in every tenth before these cases no court upheld the use of congress subpoena power to demand the personal records of a sitting president , no kitty to committee had tried to tell of the personal papers, let alone to the purpose of considering potential legislation. There is a reason this is the first time a Congressional Committee has attested a gambit. It is long been understood since congress and subpoena power is applied, it is auxiliary ends subordinates, when that power is deployed against the president , and must yield any longstanding traditi
Thank you, madam secretary and now ill call for adjournment and commissioner driscoll, did you make the motion . I cant remember. Motion has been made and seconded and you have the call. Right. Thats why i said, i wasnt sure. All in favour for adjournment. Meeting is adjourned. No objection to ajourning. Thank you very much. Good afternoon. Welcome to the june 9, regular meeting of the San Francisco board of supervisors. Could i have roll call, please. Thank you, mr. President. Supervisor fewer. Present. Supervisor haney. Supervisor mandelman. Present. Supervisor mar. Present. Supervisor peskin. Present. Supervisor preston. Present. Supervisor ronen. Present. Supervisor safai. Present. Supervisor stefani. Present. Supervisor walton. Present. Supervisor yee. Mr. President. All members are present. Thank you. Please join me in the pledge of allegiance. Place your right hand over your heart, please. I pledge allegiance to the flago f america and to the republic for which it stands, one na
Present. Supervisor stefani. Present. Supervisor walton. Present. Supervisor yee. Mr. President. All members are present. Thank you. Please join me in the pledge of allegiance. Place your right hand over your heart, please. I pledge allegiance to the flago f america and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Thank you. On behalf of the board i would like to acknowledge the staff at sfgovtv who record each meeting and make the transcripts available to the public online. What i would like to do is before we go to communications, and before we get into our special order at 2 00 p. M. , i would like to at least say a word or two. Before we get started i want to acknowledge George Floyds funeral today and thank the city family, particularly m. T. A. , for halting all Public Transit from 12 00 to 12 08 p. M. To acknowledge the wrong that happened to mr. Floyd and to the many other black and brown individuals in our country. C
Chairman Jerome Powell will update the committee on Monetary Policy develop and the state of the u. S. Economy. It has always been four months since the last Humphrey Hawkins hearing, but we are seeing a different economy today. One that has been racked by the physical and Economic Impact of the covid19 pandemic, and ensuing shutdowns. Chairman powell, you have stated that the Federal Reserve is strongly committed to using our tools to do whatever we can and for as long as it takes, to provide relief and instability to ensure that the recovery is as strong as possible. Additionally, the fed has purchased more than 2 trillion in treasury and mortgage began ins since midmarch. Because of this, the Balance Sheet has expanded to more than 7 trillion. Congress, the administration, and regulatory agencies have taken action to protect and stabilize the infrastructure of our Economic System. The cares act has been central to that effort, and recent stats indicate that our labors are working. I
Three additional firms that had significant business in particular sectors its not just the three but we understand that leaves some companies that dont have a rating as we open these ratings, the process of opening, were looking for an answer there. Niac is not a nrsro. And you know it has not been traditionally used in this way so were looking at options there. So so you have not opened it yet, but you have not foreclosed the possibility any kind of time frame you put on that . We talked about it yesterday. Were working on it. I think that soon, lets say okay, i just want to stress again that there are dozens of companies that have very strong blast sheets and employ tens of thousands of people, and they choose not to go to a public Rating Agency but they are in many ways in the same position as a publicly traded company that use use these facilities and i really hope that the Federal Reserve and the treasury can find a way to treat everyone in an equitable fashion and protect as man