Shuster was touting the open process laid out a Leadership Conference today to reporters. Its boasting that this process, which basically splits consideration of the highway bill from the house policy portions today and the senate and other provisions tomorrow and for the rest of the week as a process that gives members greater time and greater levels of consideration on both bills. However, the house rules process limits amendments on the floor. So technically, this isnt the most open process but with a highway bill thats spanning hundreds of pages and over 200 amendments submitted from the house, leadership has to do something to try to kind of limit the floor procedure process. And you mentioned bill shuster. Heres a tweet that you sent out. Ive been waiting three years for this, so here we go, he tells the house rules committee. Why did it take so long and what is the current deadline . One of the major contentions behind the surface transportation reauthorization bill is the diffi
Respects it achieves the house goals. To shorten the time it takes to conclude education over federal we requiredecisions, litigants to present the substance of claims during their administrative reviews. The senate text 12 short in the third key respect. The Senate Language includes many important steps towards this goal, but multiple loopholes open the door for agencies to extend administrative deadlines without and and without standards. Byoffer to fix this problem establishing firm checks and balances through which the prevente director of owe can extensions. Bipartisan and has worked very closely with the white house. We would all like this to move a forward. The house version has already passed through the house and has been carefully negotiated with all parties and is ready to go. The other amendment i would like to call to your attention is this. Into deals with language to simply give states that are included in the interstate 73 and thent avenue i opportunity to band together
Often times, ring to the floor the number of jobs that are created by xm. There are large institutions like a boeing, or small institutions across the country. That may be good. What is never addressed are the jobs that are lost. The minority jobs that are lost. The womans jobs that are lost. Why . Xm has created an unfair competitive advantage. We address that by allowing a mechanism to provide for those firms to be able to bring a challenge to say, our business either could not expand or our business could not create jobs, our business lost jobs or maybe, we even went out of business entirely because of the unfair competition that xm provided. They lose three ways. They pay for the tax dollars to go into the subsidy. The are potentially losing Credit Availability that xm is basically sucking up in the marketplace. And three, they are losing to a competitor that is being subsidized through their own tax dollars. All three are unfair and this is one modest way to slightly change the sy
Will vote to disapprove. How does ben cardins opposition, or does it, change the nature of the debate in the senate . Laura i think senator cardins opposition and bodies embodies how difficult this issue has been for all the senators, all the congress members, every single person, whether they come out before or against it. , a lot of us didnt know where he was going to go, and now hes bitter democrat on top of senator schumer and senator bob menendez to say hes going to vote against the deal. When it comes down to the numbers and the process, i dont think that the administration is going to be sweating it too much because of the fact that they know they have the votes in the senate to sustain a veto. Lets take a look at the house. Democratic leader nancy pelosi sent out a colleagues letter about getting everybody on board to support the iran deal, to vote against the resolution of disapproval. The rules Committee Takes it out in the house tuesday evening, floor debate beginning midwee
Higher and how many, a lot, are lower now. At least theres some green there you take a look across the dow, pretty much everything in the red. A look across all the indexes, with that russell 2,000 thrown in as well, having another day, off more than 1 . The nasdaq, the underperformer, apple today could be playing into that, down 3 1 2 as some concerns about the new phones, the new operating system continue to swirl. Lets figure out why its all happening. By the way, the 10year note, there it is down to 251. Yes. Key levels here, got levels on the equities, also got levels on the ten year to watch carefully. You see there, Closing Bell Exchange under way, peter anderson, doug kote, heather hughes, peter costa and rick santelli. Peter costa whats the bounz the florida . Why the selloff, whats going on . Theres a list or a plethora of bad news. This is more like a bowl ya base of bad news. This is a possibility of having the Interest Rates go up earlier than expected. Up . Yeah i have be