Congressional Budget Office testify before the Senate Subcommittee on physical response ability and Economic Growth. Thank you all for participating. I think it will be good. Im sorry we cannot have it in a more, what to say, a more kind of formal setting because it may have been better because im not sure if there is any hearing we have that was more important than this. Our Witnesses Today will be philip schlagel, director of the congressional Budget Office and jean todaro who is the comptroller general of the United States and head of the u. S. Government accountability office. With that i will make my Opening Statement and then turned to maggie, my Ranking Member, and then Ranking Member wyden for the entire committee has a statement he would like to make as well. Again, thank you all for being here and im grateful to all who are there during us by internet. Todays hearing will address the topic that was shied away from Syrian Refugees and when it comes to our health we make choice
Slightly as the drugmaker did say it will seek that approval for an emergency use for its vaccine by late november. As carl mentioned, wall street looking to snap a threeday losing streak. September retail sales delivering a big beat. Futures up this morning. Carl david and leslie, a couple of things working in the bulls favor today. Three days down. A little bit of room to bounce back on the upside, david. But futures were slightly negative, then we got that open letter from pfizer, saying that we could be looking at potentially a request for an eua by mid to late november and retail sales with that blowout number for the month and year on year the figures, david, reflect a consumer that has put together a nest egg during the course of the summer, and that is continuing to provide some momentum for the consumer. It is funny, i go back to that interview i did with david berman of maybe six weeks ago already, but somebody who tracks retail sales, more closely perhaps than anyone. And in
I will ask everyone to place your hands on your heart to say the pledge of allegiance. Please unmute everyone. Okay. All right. 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. Thank you. Please call roll. Clerk yes. Commissioner dejesus. Present. Commissioner hamasaki. Present. Commissioner elias. Here. Commissioner rickter . Present. And commissioner cohen is excused. Vice president taylor, you have a quorum. And we have director from the department of Police Accountability and the chief. Thank you. For members of the public, the number to call in to provide Public Comment is 4156650001. And access code 14664628. 26, i believe. And remind the members of the public to have any of your devices on mute and there is no background noise and same thing for the presenters and commissioners unless you are speaking. Try to reduce the background noise by having yourself mu
Jon ferro has been calling it. Guy we are monitoring the stimulus story beat by beat. Nancy pelosi will be talking around 14 minutes. We are going to get a sense at that point whether or not we are making progress. That could certainly be market moving. We will bring you those headlines as soon as we get them. Lisa the white house has been pushing for a largescale deal again, off again, on again. Wants alosi says she more comprehensive fiscal bailout as a result of the pandemic. Emily wilkins joins us now with the latest. Emily if anyone is confused about where things are with the stimulus deal, you are not alone area Senate Majority leader Mitch Mcconnell said yesterday he was feeling some with lash some whiplash with all of the backandforth we have seen this week. House Speaker Nancy Pelosi is Still Holding out after months for a larger stimulus package. She and the white house negotiator, treasury secretary Steve Mnuchin, spoke by phone yesterday. It seems like there still could be
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