[inaudible conversations] we are happy to be but you with an interesting meeting with the president on economics to pull the country out and i am proud to serve at this press conference and we intend to turn the mess around and do our very best to do that in the right way. So the current plan this week is to go with the Senate Tax Bill were all members of the Senate Finance committee by chairman hatch we think it made some substantial burp improvements that when we get to the Conference Committee to get the economy going again for people to get more takehome pay they can save it for retirement or spend it to make the economy competitive where everybody fights for every single job and investment they can get. Right now were not competitive and that hurts jobs in the united states. We will deliver what is important bahau tax relief for middle and lower income families that is definite and the other part is to make American Business competitive so we can do more business with a greater ch
Calling being present, the subcommittee on health labor and pensions will come to order. Good morning and welcome to todays subcommittee hearing on the financial challenges facing the Pension Benefit Guaranty Corporation and more importantly the impact to workers and retirees, George Miller was a proud liberal lion of this committee. While we very often disagreed, the years that i served with him on this committee, i admired his commitment to ensuring americans have the ability to retire with dignity. In 2014, he worked with john kline, then our chairman, to try to solve a real problem. A retirement system on the brink of collapse. They put politics aside, worked with employers and labor unions and negotiated a set of reforms to the multiemployer Pension System in order to provide benefits for millions of workers. President obama signed this bipartisan approach into law in 2014. The law was based on the premise that the Plan Trustees who have a legal and moral obligation to pensioners
The president pro tempore the senate will come to order. The chaplain, dr. Barry black, will lead the senate in prayer. The chaplain let us pray. Eternal god, in this season of gladness and cheer when many celebrate your breakthrough at bethlehem, we pause to thank you for your mercy and grace. While we were sinners, you initiated the process of our redemption and restoration. Great is your faithfulness. Lord, make our lawmakers ambassadors of reconciliation for your kingdom, using them to demonstrate your precepts and represent your purposes. As they strive to bring the illumination of your wisdom to a dark world, may people see their labors and glorify your holy name. Because of our senators faithful service, may our nation experience the unity of your healing presence lord, let there be peace on earth and let it begin with us. We pray in your merciful name. Amen. The president pro tempore please join me in reciting the pledge of allegiance to our flag. I pledge allegiance to the fla
Jumping into the bitcoin game wall street legend art cashin has a bitcoin prediction for 2018 well tell you what it is in a couple minutes cant wait for that. Plus the question Everyone Wants answered, will my taxes go down because of this bill . We got a Financial Adviser who breaks down the impact of the tax reform bill coming up in a little bit. We begin in washington today, lawmakers are expected t vote in a little less than two hours on the legislation to keep the government from shutting down lets get right to Kayla Tausche for the very latest right now. Kayla . Reporter bill, theyll vote on the houses version of thereat legislation that was published overnight. It would be a shortterm extension of government funding at current levels through january 19th, as well as funding for some critical programs like Childrens Health insurance. And the fisa surveillance program. In addition, the house is going to consider an 81 billion Disaster Relief bill theyve been debating that as well
Him. We also welcome senator tina smith for three years she served the people of minnesota as their Lieutenant Governor and now she will join senator which are in representing them here in their senate. I congratulate both of them and look for to working with them in the months ahead to make bipartisan progress and find Common Ground on the behalf of the American People. The senate will need to tackle a number of important issues this year. It is my sincere hope that we can do so in a renewed source of comedy, collegiality and bipartisanship. I know the colic sample size of the aisle should the hope and it is urgent that we make it a reality. Congress must reach a spending agreement by generate 19 to ensure uninterrupted funding for the federal government, among several key priorities it is vital that our agreement to provide sufficient resources for our volunteers, armed forces. Under the budget control act American Military has been stretched thin by disproportion cuts that have harm