The Committee Meets today to receive testimony from the department of defense fiscal year 2021 budget request. Welcome our witnesses and thank them for their service in both dr. Mark esper and general mark we have a pair of marks in this morning. This committees top priority is ensuring the effectiveness of the National Defense strategy. Thats our vote that we had heard, adhere for a long period of time now. About three years. Unfortunately, the last administration we ask our military to do more with less and that got us into trouble between 2012 and 2017 we lost 150 billion to sequestration. Our Defense Budget in the readiness of our forces were devastated. I think we all understand that. As a result, when President Trump came to office, he inherited American Military and crisis, thankfully he delivered on his promise to begin rebuilding the u. S. Armed forces. He negotiated the highest level of defense spending ever, a down payment toward getting our military back to where it needs t
The Committee Meets a diversity of testimony in the department of defense here, 2021. The budget request, we welcome our witnesses and thank you for their service in both doctor mark esper, and general mark. We have a pair of marks, this morning. This Committee Top priority is ensuring the effectiveness towards the National Defense strategy which is both what we have been adhering to for the long period of time now, but three years. Unfortunately in the last administration we asked irma terry to do more with less. That got us into trouble between 2012, 2017, we lost 150 billion to seek frustration. Our Defense Budget in the readiness of our forces were devastating. I think we all understand, that as a result, when President Trump came to office, he inherited American Military in crisis, thankfully, he delivered on his promise to begin rebuilding the u. S. Armed forces. Last, year President Trump and negotiated the highest level of defense spending ever. A down payment towards getting o
And joint chiefs of staff chair general mark milley were on capitol hill to testify on the president s 2021 budget request for the pentagon. They were also asked about military modernization efforts and defense funds being diverted from border wall construction being diverted for border wall construction. [indiscernible conversations] [indiscernible conversations] the Committee Meets today to receive testimony for the 2021 budget request. We welcome our witnesses and thank them for their service. After mark esper and general mark milley. Top priority is ensuring the effectiveness and implementation of the National Defense strategy. Unfortunately under the last administration, we asked our military to do more with less, and that got us into trouble and 2017. 12 we lost 150 billion to sequestration. Our forces were devastated. I think we all understand that. As a result, when President Trump came to office, he a country in crisis. Rican military and crisis, thankfully he delivered on his
President s budget requests for the pentagon. They were also asked about military matters asian efforts and defense funds being diverted for border wall construction. The Committee Meets a diversity of testimony in the department of defense here, 2021. The budget request, we welcome our witnesses and thank you for their service in both doctor mark esper, and general mark. We have a pair of marks, this morning. This Committee Top priority is ensuring the effectiveness towards the National Defense strategy which is both what we have been adhering to for the long period of time now, but three years. Unfortunately in the last administration we asked irma terry to do more with less. That got us into trouble between 2012, 2017, we lost 150 billion to seek frustration. Our Defense Budget in the readiness of our forces were devastating. I think we all understand, that as a result, when President Trump came to office, he inherited American Military in crisis, thankfully, he delivered on his pro
The board of governors of the Federal Reserve system and doctor christopher, the member of the board of governors in the Federal Reserve system. Welcome and congratulations to each of you for your nominations. I see friends and family in the room today and i welcome them as well. Were fortunate to have these two highly qualified nominees appearing today. These positions are critical to ensuring a safe, sound and vibrant Financial System in the healthy growing economy. The Federal Reserve was created by congress as the nations central bank to promote a stable economy and a safer more flexible Financial System. Among the Federal Reserve responsibility is conducting the nation Monetary Policy with the mandated promoting maximum employment, and moderate longterm Interest Rate. In addition to its Monetary Policy that oversees a significant portion of the sector including large, regional and Community Banks as well as certain nonbanks. It aims to foster a safe and efficient payment and settl