The Senate Finance subcommittee on fiscal responsibility on Economic Growth is a virtual hearing on the fiscal outlook and i thank you all for participating. I thank you all for participating and i think its going to be good and im sorry we couldnt have had it in a more to say a more formal setting because it may been better attended. Im not sure any hearing we have had would be any more important in the spirit her witnesses will be the director of the Congressional Budget Office and jeans are darl who is the comptroller general of the United States in the head of the u. S. Government Accountability Office. With that i will make my Opening Statement and turned to Maggie Hassan my Ranking Member and then i think Ranking Member wise and for the entire committee for statement you would like to make as well. Again thank you all for being here. Im grateful to all who are joining us via the internet. Today we will address the topic a with refer to shy away from addressing her nations run awa
Confident, yet humble, wise, yet dependent on your guidance. Give them the wisdom to cultivate a faith that preserves, keeping them from growing weary in doing what is right. Strengthen their ability to see among their colleagues your divine image. May our senators increase in favor with you and humanity. Fill them with a passion to live for your glory. We praise you for being our helper and we desire to magnify your holy name. Amen. The president pro tempore please join me in reciting the pledge of allegiance. I pledge allegiance to the flag of the United States of america, and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Mr. Grassley madam president. The presiding officer the senator from iowa is a recognized. Mr. Grassley i ask one minute in morning business. The presiding officer without objection. Mr. Grassley quite often in our newspapers you can read about a lot of city, state Pension Funds that are in trouble. Theres
As the seasons begin to turn, there could be more deaths and of course serious illnesses ahead. City, we saw the new york rate of positive tests at more than 3 for the first time in months. Lead to possible lockdowns either officially by the government or unofficially as residents opt on their own to stay home again. The Economic Data seems to be turning in our favor. We saw data with regards to consumer spending, Consumer Confidence. It is still a pretty delicate stage right now. Joe there are always concerns people are talking about, the lack of fiscal stimulus, the fact that we might get another wave with the virus. Gains inntinue to see Consumer Confidence. It is hard to see on this chart but it is the biggest one month sequential gain of this headline measure in 17 years. Right now, the arrows are still going up. Romaine if you would to be a glass halffull or halfempty, i should say you look at the idea that we have not quite recovered from prepandemic levels. This is a subsection
Congressional coverage here to you can watch that online at cspan. Org. We will take you live now to the senate for where lawmakers will see about extending federal spending past october 30. The chaplain let us pray. Eternal god, sovereign, source of wisdom, hear our prayers. Listen as we lift our hearts to you in our times of distress, answer us quickly. Strengthen our lawmakers. Keep them restless until they find rest in you. Keep them dissatisfied until they find their satisfaction in you. Lord, give them the wisdom to make wise choices that will glorify your name. Help them to keep their hearts and minds responsive to you, enabling them to help make a better nation and world. Remind them that you keep a protective eye on the godly so that they may be surrounded with the shield of your divine favor. May our senators, with faith, expect you to provide them with strength for each task. We pray in your great name. Amen. The president pro tempore please join me in reciting the pledge of
The Senate Finance subcommittee on fiscal responsibility on Economic Growth is a virtual hearing on the fiscal outlook and i thank you all for participating. I thank you all for participating and i think its going to be good and im sorry we couldnt have had it in a more to say a more formal setting because it may been better attended. Im not sure any hearing we have had would be any more important in the spirit her witnesses will be the director of the Congressional Budget Office and jeans are darl who is the comptroller general of the United States in the head of the u. S. Government Accountability Office. With that i will make my Opening Statement and turned to Maggie Hassan my Ranking Member and then i think Ranking Member wise and for the entire committee for statement you would like to make as well. Again thank you all for being here. Im grateful to all who are joining us via the internet. Today we will address the topic a with refer to shy away from addressing her nations run awa