I have a brief Opening Statement here before i take your questions. Yesterday, secretary of the treasury, donald reagan, sent to raisengress a request to the debt ceiling to 985 billion. This represents a dramatic jump of 50 billion over the previous debt ceiling. The administration took this action with great regret because it is clear the massive deficits our government runs is one of the root causes of our profound economic problems. And for too many years, this process has come too easily for us. We have lived beyond our means and then financed our extravagance on the backs of the American People. The clear message i received in the Election Campaign is that we must gain control of this inflationary monster. Let me briefly review for the American People what we have already done. Within moments of taking the oath of office, i placed a freeze on the hiring of civilian employees on the government. Two days later, i issued an order to cut down on government travel, reduce the number o
Time now for the global exchange, where we bring you todays market moving news from around the world. Joining us in singapore is enda caringlynd hong kong, from hong kong, karen leigh from westminster, anna edwards. Trade talks with the u. S. Are expected to resume in early october. Enda curran has more. Da obviously a signal here that talks are going to go ahead. Weve been waiting for some kind of breakthrough, and now weve had a statement from the Commerce Ministry that there was a telephone call that included china vice premier liue h china vice permit or china vice premier liu he. Theres a little less committal on the chinese side, but there is still a healthy dose of skepticism required. A lot of economists say that these two sides have a long way to go before they reach any kind of meaningful deal. Duember, more tariffs are in october and december. We had some commentary from the global times today outlining that both sides are in a deadlock, and it is in both of their interests
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In federal farm offering this is about three hours. Good morning. The subcommittee on commodities, Risk Management and trade will come to order. Welcome to all of our witnesses. Senator hyde smith thank you to you and your staff working together with us to organize this hearing today. Chair stabenow and i believe Ranking Member boozman will be with us shortly but it would to thank them for joining us many thanks to the full Committee Staff for all of your help and support with this hearing. Thank you to everyone for attending. This morning is going to be a twopart hearing. Today was on the farm bill, the products title. On thursday will take on title v. The credit title in title 11 the Crop Insurance title. February the full committee the full Senate Committee heard from usda officials their family views of Risk Management and credit. Today we have the opportunity to hear directly from farmers, producers, stakeholder groups that work with farm Safety Net Programs every day. Hearing fro
Democracy doesnt just this. Looks like this. Americans consume democracy at work and citizens are truly enforce public thrive. Get informed, straight from the slopes. Unfiltered, unbiased word for word. The nations capitol to wherever you are to get the opinion that matters the most is your own. This is what democracy looks like. Cspan powered by cable. Next groups representing farmers testify on Crop Insurance and other federal Safety Net Programs also discuss changes they would like to see in federal farm offering this is about three hours. Good morning. The subcommittee on commodities, Risk Management and trade will come to order. Welcome to all of our witnesses. Senator hyde smith thank you to you and your staff working together with us to organize this hearing today. Chair stabenow and i believe Ranking Member boozman will be with us shortly but it would to thank them for joining us many thanks to the full Committee Staff for all of your help and support with this hearing. Thank y