Before us. Our work today is a ministerial nature. We are here to combine the legislative recommendations from the finance and the energy and Natural Resources committee and report the combined bill to the full senate. I remind my colleagues that section 310 b of the budget act states when more than one committee of the house or senate is directed to determine and recommend changes, each such committee so directed shall promptly made determinations and submit said recommendations to the committee of the budget of its house which upon receiving all such recommendations shall report to the house its reconciliation legislation carrying out all such recommendations without any substantive revision. This is different from our markup resolution. Were operating under the constraints imposed by the statute. Consistent with past practice of this committee, when considering reconciliation bills, no amendments are in order for todays markup. Members will have the opportunity to amend the legislat
And a picture outside the hearing room taken a bit earlier, as protesters gathered in the hallway outside the Senate Budget committee. Many of them shouting kill the bill, dont kill us. The hearing was interrupted several times as police removed demonstrators from the hearing room. The Senate Budget committee met today, and approved legislation to reform the tax code, and open the Arctic National wildlife refuge to expanded oil and gas drilling. The 521page combined reconciliation bill contains three major pieces of legislation. Tax reform and the individual Health Insurance mandate repeal bill passed by the finance committee and the Energy Committees oil and gas Drilling Initiative in alaska. The measure passed the Budget Committee today on a 1211 Party Line Vote. Prohibits the Budget Committee from substantially changing the proposed legislation thats before us. Our work today is a ministerial nature. We are here to combine the legislative recommendations from the finance and the ene
Recommendations to the committee of the budget of its house which upon receiving such recommendations shall report to the house. This is a different process from the markup of our budget resolution. We are operating under the constraints imposed by the statute. Practice ofith past the committee, when considering reconciliation bills, no amendments are available or todays market. Todays markup. Members who wish to amend this legislation will have that opportunity on the senate floor, where the bill will be open to an unlimited number of amendments. But today well vote only on whether to report the reconciliation package to the full senate. For the information of senators following my statement, ill recognize Ranking Member sanders to give remarks. Well then vote to report the legislation while we have a forum present. The members are advised we expect the vote to occur after we finish speaking. After the two of us finish speaking. Following the vote, i will recognize other members wishi
Several times by protesters. The tax bill now goes to the senate. The committee will come to order. As the congressional budget act prohibits the Budget Committee from substantially changing the proposed legislation before us, our today is administered area of nature. We are here to combine the recommendations and to report the combined bill to the full senate. I remind my colleagues that section 310 b of the budget act states when more than one committee of the house or senate determined to recommend changes, each such committee so directed will make such recommendations and submit said recommendations to the committee of the budget of its house which upon receiving such recommendations shall report to the house. This is a different process from the markup of our budget resolution. We are operating under the constraints imposed by the statute. Practice ofith past the committee, when considering reconciliation bills, no amendments are available or todays market. Todays markup. Members
Creating jobs in the small town, were pleased to have the mayor join us with his story in minutes. Melissa very cool. Lori time for a market check. Lets head down to the floor the New York Stock Exchange, giving back earlier gains. Nicole that is true. We have been pushed around a little bit, even moved into negative territory but the move to the upside and getting some of the moves to the upside with the gains we are seeing, Dow Jones Industrials up 34 points, the bank stocks are looking little better and that is one of the reasons we have had the turnaround. Drug stocks doing good. The dollar continues to drop. As the dollar is dropping that gives room for the commodities and equities to move higher. I wanted to take a look at a name that is making news and that is molly corporation. Rare earth is something that has the demand they have seen is dwindling particularly in china. And so now you are seeing this stock dropping 22. 5 . That is a drop of almost two and a half dollars now si