Representative be waived onto their Committee Without objection so ordered. Welcome to our hearing on recent developments and i now recognize myself for an Opening Statement and then the Ranking Member. Does the chairwoman wish to have an Opening Statement . I will recognize her with your permission our colleague will also have an Opening Statement. The Postal Service is the crown jewel of the federal i government serving every household every day 630,000 brave individuals at every district and according to pew research 91 percent of americans have a favorable view of the Postal Service. Leaps and bounds above that of any other federal entity. During the coronavirus pandemic the Postal Service value is greater than ever as a formal component and serving as a linchpin nations responsee pandemic. Found 2020 harris poll that the Postal Service ranked as the most Important Company to americans during the pandemic because it is a constant in our lives. That ings companies it outranks compan
Instituted. This is two and a half hours. The committee will come to order. Without objection, the chairman is authorized to declare a recess at any time. The chair asks that ms. Debbie ms. Scanlan,ultz, else mr. Cooper, ms. Debbie Wasserman Schultz, and representative mary gay scanlon, b waved onto the committee. Without objection, it is so ordered. I now recognize myself for an Opening Statement, then i will record as the Ranking Member. I have agreed is the chairwoman on . Chairwoman wish to have an Opening Statement . I will recognize her, with your after. Ion, mr. Hice, lawrence, i will recognize. If somebody else on your side wants to have additional. The Postal Service is the crown jewel of our federal government. It serves every household and business every day. 630,000 brief individuals who live in every congressional district. According to pew research, 91 of americans have a favorable view of the Postal Service. Leaps and bounds above that of any other federal entity. During
Recess at any time. The chair asks that ms. Debbie ms. Scanlan,ultz, else mr. Cooper, ms. Debbie Wasserman Schultz, and representative mary gay scanlon, b waved onto the committee. Without objection, it is so ordered. I now recognize myself for an Opening Statement, then i will record as the Ranking Member. I have agreed is the chairwoman on . Chairwoman wish to have an Opening Statement . I will recognize her, with your after. Ion, mr. Hice, lawrence, i will recognize. If somebody else on your side wants to have additional. The Postal Service is the crown jewel of our federal government. It serves every household and business every day. 630,000 brief individuals who live in every congressional district. According to pew research, 91 of americans have a favorable view of the Postal Service. Leaps and bounds above that of any other federal entity. During the coronavirus pandemic, Services Value to this nation is greater than ever, serving as a linchpin to our nations response to the pan
Person. You will only see members and witnesses appearing remotely on the monitor in front of you. When they are speaking in what is known in webex as active speaker view. A timer is visible in the room directly in front of. For members appearing remotely i know youre familiar with webex by now let me remind you of a few points. First, you will be able to see each person speaking during the hearing, whether they are in person or remote. If you have your webex set to active speaker view. If you have any questions can about this pleas, Contact Committee staff. Secondly, we have a timer that should be visible on the screen when you are in active speaker with thumbnail view. Members who wish to pin the timetory their screens Contact Committee staff for assistance. Third, im not even sure what that means, but i said it. Third, the house rules require that we see you so please always have your cameras turned on if you want to be an active participant in this hearing. Fourth, members are appe
Right in. And we leave the program with the International Monetary funds announcement that the Global Economic downturn due to the corona virus pandemic will be worse than initial estimates. So compared to the april and Economic Outlook we are projecting a depot downtown in 2020 and a snow to company in 2021 to growth to 2020 is projected at minus 4 point one percent which is 1 point one percent is points below our april focused now this reflects the fact that in the 1st tough economic outcomes came in somewhat worse than we had anticipated and because there is no medical see you should we are expecting social distancing to persist for more for a long time into the 2nd half. And downgrading the growth forecasts for 2021 the i. M. F. Expects a growth rate of 5. 4 percent instead of earlier estimates of 5. 8 percent the fund is predicting an 8 percent contraction in the United States. Gates in 2020 while the eurozone economy will decline by 10. 2 percent brazil will take a 9 point one pe