And fibers of the security and National Threat concerns. This subcommittee hearing is an hour and 20 minutes. This hearing will come to order. Without objection the chair is authorized to declare a recess at any time, welcome to todays hearing, the future of electricity delivery modernizing and securing our nations electricity grid. I want to thank our witnesses for joining us here today. This is such an important topic. Im a young guy as you can tell but ive read some history, what was like to build the electric grid a century ago. We couldnt of imagine the technologies we use to power our homes and businesses today. The real challenge was extending power itself in every form of our society and there was a challenge that those providing power make money in the cities in well Populated Areas with business and commercial opportunities, with electric the government made a basic deal, we would provide an a monopoly over providing power and a lot of these areas, firms would make a lot of m
All right. This hearing will come to order, without objection the chair is authorized to declare recess at any time. Good afternoon, welcome to todays hearing. The future of electricity delivery, modernizing and securing our nations electricity grid. I want to thank all of our witnesses for joining us here today. This is such an important topic. Im a young guy as you can tell but i have read history about what it was like when we first started building the electric grid over a century ago now. I dont think we could have imagined the technologies that we would use to power or homes and businesses and hospitals and everything today. And i think the challenge is different, you know, back then the real challenge was just extending power itself throughout every corner of our society, and there was a challenge which was that those providing power knew they could make money in the cities in well Populated Areas in places with a lot of business and commercial opportunities, but it was not as p
The speaker pro tempore for what purpose does the gentleman from california seek recognition . Mr. Swalwell i will withdraw an offensive word. Mr. Collins ill withdraw my point of order. Mr. Swalwell may i have 30 seconds. The speaker pro tempore the gentleman has 30 seconds remaining. The chair controls the time. The gentleman has 30 seconds remaining. Does the gentlelady wish to grant him an additional 30 seconds. Ms. Jackson lee im prepared to grant him an additional 30 seconds. Mr. Collins i withdraw my point of order. The speaker pro tempore the gentleman withdraws. Mr. Swalwell we have an opportunity today to condemn or condone. Birtherism is racist. Saying a mexican judge cannot be fair because of his heritage is racist. Saying immigrants from mexico are rapists is racist. Telling four members of the body to go home because of where you believe they are from is racist. There is racism coming out of the white house. There is racism coming out of the white house. So where will you
Launching its long awaited ipo after delaying that offering several times, and weve heard from major retailers this week, were talking walmart and target about how their customers are being impacted by inflation while dgas prices are pinching americans wallets and pushing them to roll back more on spending. And a boost to Electronic Arts, but is ea the best name in the video game industry, a top analyst weighs in, it is friday, august 18th, 2023, youre watching Worldwide Exchange right here on cnbc. Good morning, welcome to Worldwide Exchange, im frank holland. Lets get you ready to start your day as always. B were going to kick off the hour, red across the board. The dow 5 points lower. The s p fractionally lower. T this follows the major averages extending their losing streak. There is the possibility of an increase in volatility today as u. S. Stock options contracts with a value of 2. 2 trillion are set to expire. If we dig just a bit deeper, take a look right here, the dow closing
[inaudible conversations] good afternoon everyone and welcome. E. This is a joint hearing of two subcommittees a committee on oversight and accountability. The subcommittee i chair the subcommittee on Cybersecurity Information Technology and government innovation at the others a subcommittee on Economic Growth and Energy Policy and regulatoryh, affairs. Its chaired by my esteemed colleague from texas. We will have Opening Statements from the chairng and Ranking Member of both subcommittees. Thats a total of four Opening Statements so ill keep mine brief. Cybersecurity has beenor a major focus of power since i became the subcommittee chair and im concerned that we are not prepared for the increased sophisticated cyberattacks that will be fueled by ai. Businesses and Government Entities in my district and across the country cafe cyberattacks and were forced to pay a huge sum of money and ransom for the federal government itself sets of data tens of millions of dollars its decades older t