When we came into office, even before inauguration, we had seen a historic financial crisis, irresponsibility on wall street had spread out to main street prayed we had to move fast not just in 100 days we had to move in the first month to get the recovery act passed. We are now in a situation were not only driven economic crisis, we also have a Public Health crisis to boot. Tell me a little bit about how you are seeing the current economic crisis and how you are think about the economy right now. So well mr. President theres three pieces i see. One, weve got to sustain and keep people from going under forever. There are already 10000 businesses not likely to open up significant a number of Small Business and minority business number two, when they are able to come back they are not only able to keep their folks employed on the payroll, but they are able to cover overhead, cover the additional expenses paid for the example you can open without social distancing, masks, test all these t
We are now in a situation where not only we have an economic crisis but also a Public Health crisis to boot. Tell me a little bit about how you are seeing the current economic crisis. We have got to sustain and keep people from going under forever, businesses are not likely to open a significant number. When they are able to come back, not only to keep folks employed on a payroll but able to cover overhead and additional expenses. The idea of opening without social distancing, masks and all these things cost a lot of money. And they should be able to have that to stay open for the good of the country but the next day, if they keep people afloat then we have to deal with recovery in the recovery is Building Back but not just Building Back, Building Back better. We have to change the way people make a living. We can add a public option out that this guy is in court in the middle of the pandemic trying to take away protection for 100 Million People with preexisting conditions. I dont thin
The committee will attempt to order. We are already having some technical problems. There we go. Thank you. Before i begin my Opening Statement this morning, i want to acknowledge the loss of congressman john lewis. The civil rights icon changed history. In 2015, i was honored to be among those who joined him in selma to commemorate the 50th anniversary of the bloody sunday march 2011. I send my deepest condolences to his family and loved ones. Todays hearing comes at a time when our nation is experiencing confluence of the Health Crisis economic depression series of killings laid bare the racial injustices in our country. Our focus today is on covid19 disproportionate impact on black and latino seniors as well as seniors from other racial and ethnic minority movies. According to the New York Times analysis black and latino residents are infected with the virus at three times the rate of their white neighbors and they are nearly twice as likely to die from covid19. The state of maine h
Employed on the payroll but theyre able to cover overhead, able to cover additional expenses. For example, the idea that you can open without social distancing, masks, tess and all these things, that cost a lot of money. Added cost. They should be able to have that added cost to be able to stay open for the good of the country. But the next stage of this is going to be if we are able, if the steamers can keep people afloat, then we have to deal with recovery. And the recovery is Building Back but not just folding back as you and talking about, Building Back better. We have to change the way in which we deal with allowing people an opportunity to make a living. That includes childcare, that includes making significant investments in infrastructure so people can make not just a living wage at a a union wage. Making sure we have, build up an entire new Public Health system and making sure everybody has healthcare. Now we have a chance. We can add a public option now. But this guy is in co
A Historic Mission for 2 nasa astronauts heralding a new era in commercial space travel. People around the world are facing heavy new coronavirus rules and restrictions governments are trying to stamp out rising infection rates while avoiding the full economic shutdowns they imposed earlier this year a global tally from the Johns Hopkins University Shows the number of reported cases edging towards 18000010600000 have recovered about 690000 people have died its estimated that more than 200000 of those deaths are in latin america mexico has overtaken the u. K. With the 3rd highest confirm number of fatalities after the United States and brazil the Mexican Government did begin lifting restrictions in may to restart the economy its looking like it will have to reverse that course has more. Her new cases of corona virus show no signs of slowing down in latin america. In argentina which had largely kept the outbreak under control this is meant a return to lock down restrictions for 2 weeks a