The indices ahead of the feds. Dia is down. You have the qqq, the qs down. 5 . The spy that tracks the s p 500 and that is lower. The iwm that tracks the russell 2,000 and that is down. There is the tenyear note, the yield at 2. 02. Gold up at 11. 53 an ounce. The euro is down i guess the euro is up against the dollar at 1. 06 and west texas crude is down another 2 . Look at that 42 quote on west texas crude. Lets get right to our senior economics reporter Steve Liesman on a roof somewhere in washington. On the feds roof. And i want to spend a minute because certainly someone just tuned in and said why are people spending all this time on the wort patient and why does it matter . And the reason why it matters so much is it gives the fed flexibility to hike Interest Rates. That word meant they would not hike Interest Rates for two meetings. It comes out as expected and gives them flexibility and begins a debate that has to do with valuing stocks and bonds over how quickly the hike rates
Authority he is currently exercising and impose a scope of combat limitation and a time limitation. Thats what you might expect from a very Progressive Center not commanderinchief. So Congress Already has the ongoing power to declined to fund or to otherwise limit combat against the Islamic State and they can do so in response to conditions as when they unfold over the next years. As congress does for every other military conflict. To commit to those limits in advance adds nothing to the president s power, may limit his successors power and theres congresses time on oversight rule. Its bad policy and its worst constitutional practice. Next is the treaty power. By providing for the sin its role in consent decrees, the cost to should also provides the congressional of a binding commit tran the me into with other countries. Now, as the professor outlined the president has Broad Authority here and congress can accept to support alternative ways that agreements can be reached including the
Now heads ways and means. Again, the committee here taking a break. We expect until 5 00 eastern. Well continue our live coverage then. And also online at cspan. Org. We will be back to the Budget Committee when they gavel back in which should be at about 5 00 eastern. Our coverage continues online at 2 00. A reminder of the senate Budget Committee thats under way. Thats also on cspan. Org. But also happening today, the Federal Reserves federal open Market Committee wrapped up today. And the chairman of the fed, janet yellen, as she does after these meetings, held a press conference with reporters. Chairman yellen good afternoon. As you know, the federal open Market Committee this afternoon reaffirmed the current zero to 25 target range for the federal funds. 25 target range for the federal funds rate. The target range for the federal funds rate remains unlikely at our next meeting in april. With continued improvement in Economic Conditions, however, we do not want to rule out the poss
That work with this company and internationally the relevance of the Exportimport Bank in place an important role. All of our competitors have export financing support. The idea that the United States would unilaterally disarm and a world where other competitors would have export financing programs would put u. S. Manufacturers at a great is advantage. I think theres a notion that it is only large firms that benefit that is wrong. A Small Business and baltimore can access these banks. On this committee, you can find countless examples of Small Businesses that benefit from the Exportimport Bank. I hope we can Work Together to renew the Exportimport Bank before it expires in june. If there were an International Agreement to lower all export subsidies, that would be a different story. We are working with International Bodies of the Congress Helped create we are not there yet. Unilateral disarmament would be wrong. [captions Copyright National cable satellite corp. 2015] [captioning perfor
Got some of the chevron bp a lot. The grilling for all irish walk for two days before people a committee of accounts. This difficulty is the Twentieth Century giving good but if the money is going to give an opportunity to get money on the open markets for more of the best use of water which is bad in the trust has also been tossed about by what the minister knew about our bush walkers consultancy spend. If you get nasty shouldnt laugh and i dont need to ask congress for introducing the junior starts replacement but dont see as teachers remain concerned were still unclear as to whether there would be a centrally at mackay who serve the kids or with earth would be a storm surge. The brazen social issues. The new code for survey to religion is the biggest threat to our coast during. Also the management policy at all the country. Six small group of executives from ari schwartz repaired to face questions by a second bullet committee in as many days that he should have told cds that he was