Legacy energy source. Senator udall of new mexico and i have an amendment that will close a loophole in federal Energy Policy. I want my colleagues to know, and i think they do, of my long support for renewable and alternative sources of energy and so i agree with the aims of the murkowskimachin murkowskiy bill. The amendment that senator udall and i have introduced is the same as the bipartisan bill we introduced last week. The title of that bill is the fair return for public lands act. Mr. Grassley this bill was introduced 100 years to the date of the mineral leasing act of 1920. This amendment would increase the royalty rates on federal lands from 12. 5 to 18. 75 . Everybody here knows that a royalty is what the oil company will pay to a mineral owner. In this case the mineral owner is the american taxpayer, and that royalty is paid for the right to extract oil and natural gas from the lands of the United States. The legislation modernizes the public lands leasing system and it does
Really good afternoon, everyone. Right. Apologies for the delay. We had the administrator was actually briefing the president in the oval office. So we wanted to make sure that she was ready to go and the president got the briefing that he needed before we came out. So apologies for a late start in the briefing. So in a minute, you will hear directly from the fema administrator on how the Biden Harris Administration has mobilized a robust whole of government response effort to support immediate and long term rescue and Recovery Efforts in maui. Hawaii. First, as the president said yesterday, we are praying for those who lost so much who lost loved ones, their community, their businesses, their households. We are also incredibly thankful to the First Responders and also the the very brave firefighters who are on the front lines who are dealing with this response and recovery effort. Early today, we announced that the president and the first lady who will be traveling to hawaii on monday
Australia. We are counting down to asias market opens. Im annabelle droulers. Ahead of u. S. Inflation data a big tech rally within a whisker of big tech rallies. Heidi tariffs on imports after President Biden accuses china of treating on cheating on trade. Paul im paul allen words the government handed down a budget that is handing down costofliving relief. Im avril reporting live as the countries leader prepares to take power. Unprecedented challenges facing the new Prime Minister. Annabelle counting down across asia. U. S. Futures are steady in the context of a run of in the prior session. A new fresh record high, tesla and nvidia and optimism around stocks. Game stock was up 60 . Adding to gains. A few points to know, producer inflation data topping forecasts. Beneath the surface there were details that offered relief and we can get more details in a moment. Hearing from jay powell. Heidi big focus, the number caused a reversal, maybe the data is softening because inflation is very
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