Any time. Members are reminded to keep their video function on at all times. Members are reminded that theyre responsible for muting and unmuting themselves and to mute themselves after they are finished speaking. Consistent with the regulations accompanying the resolution, staff will mute members when not recognized to avoid inadvertent background noise. All house rules relating to order and decorum apply to this remote hearing. [ inaudible ] economy and i know recognize myself for four minutes to give an opening statement. Chair powell, the law that required the Federal Reserve chair to testify before congress twice each year was established back in 1978. However, no fed chair has ever testified before this committee with the economy in the condition that it is in today. More than 116,000 americans are dead from the coronavirus. And just last week, 21 states recorded an increase in their average daily new cases compared to the prior week. The april jobs report was the worst in Americ
Now, testimony from Federal Reserve chair Jerome Powell on Monetary Policy and the state of the u. S. Economy amid coronavirus. He spoke about low Interest Rates, unemployment numbers and what future Economic Growth and recovery could look like. Help in front of the House Financial Services committee, this is three hours. So the committee will come to order. Thank you. Without objection, the chair is authorized to declare a recess of the committee at any time. Members are reminded to keep their video function on at all times, even when theyre not recognized by the chair. Members are also reminded that they are responsible for muting and unmuting themselves and to mute themselves after they are finished speaking. Consistent with the regulations accompanying h res 965, staff will only mute members and our witness as appropriate when not recognized to avoid inadvertent background noise. Members are reminded that all house rules relating to order and decorum apply to this remote hearing. T
Recognition of jerusalem as israels capital. This is live from doha also coming up in the Program Sector state Rex Tillerson says the United States is ready for talks with north korea without conditions. A defeat for donald trump after his favorite candidate roy loses the Alabama Senate race to his democratic rival. Im walking when excited im going to tell you the story of the rattling that is working to find babies born to women held in can understand Detention Centers. In argentina in the one nine hundred seventy s. Muslim leaders a gathering in istanbul for talks on u. S. President Donald Trumps decision to recognize jerusalem as israels capital the extraordinary meeting by the organization of islamic cooperation was cool by turkeys president reza type one to send what he calls a strong message this follows talks on the issue between leaders of saudi arabia and jordan in riyadh on choose day and terms decision last week was with well why condemnation and protest at the latest demons
All of the above approach to american energy. For a country to continue to benefit from Nuclear Energy, we need the nrc to be an effective, efficient and predictable regulator. The nrcs efficient principals states the american taxpayer, the rate paying consumer, and licensees are all entitled to the best possible management and administration of regulatory activities. I agree. It is our commits responsible to assess the agencys performance. Will the nrc Safety Mission is paramount, the nrc must execute that mission in a fiscally responsible and timely fashion. My home state of wyoming plays a key role in the American Nuclear energy supply. It produces more uranium than any other state. I want to commend the commission for agreeing to extend the duration of uranium recovery licenses from ten years to 20 years. This is an important recognition that the Regulatory Burden placed on these facilities is disproportionately high given how the nrc considers their operations to be quote, low ris
North american infrastructure debt at black rock, susan gray and david nassan. [applause] thank you, kevin we have hard act to follow. The administration has really prioritized a big boost to Infrastructure Spending on the order of a trillion dollars, clearly thats a very big sum but also very much warranted. Public construction in this country has been declining for years and is now 1. 5 of gdp annually. Just to put that into context, western europe on average spends 2. 5 of gdp annually and china, closer to 8 of gdp. Any of you who have spent time on the roads and airports wont be surprised the u. S. Infrastructure report card from the American Society of civil engineerings and i think they gave them a great of a dplus. Over the past your years with over 4. 5 trillion. So we have two big questions. First, funding a trillion dollars in spending is a daunting task. So even if direct federal spending is only a fraction of that. Some suggest it could be on the order of 150 billion to 250