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
Fed will look for. You have retail sales and they are in positive territory, but the rebound is slowing. How do they digest the data . Catherine a lot of people are looking for whether or not the fed will alter the economic rejections. They have been very limited. A downside perspective for the u. S. Economy and some people are saying the data is more positive. Optimistic, is too i think the fed will not upgrade their forecast because the data coming in, everyone expected to be a balance, but there is a loss of momentum, and if we take a broader perspective, it is fragile. Guy so, september we get the summer of Economic Predictions updating us into 2020. Do you think we will see the average. Moving higher quest average dot moving higher and rate heights hikes being priced in . The market is not set up for that. Guy there is no prospect for any rate hikes. That has been clear and put forward in language that is uncontroversial. No rate hikes, at all. The market may have interpreted aver
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
Mail, Committee Members asked witnesses about mr. Dejoys ownership of a company that contracted its services to the usps. The chair would ask without objection that ms. Debbie wassermanschultz i got it right here. Ms. Cooper and representative mary gay scanlon beor waived on the committee. Without objection, it is so ordered. I want to welcome everyone to s our hearings on recent developments regarding the Postal Service and i now recognize myself for an Opening Statement and i will recognize the Ranking Member for his Opening Statement. I have agreed is the chairwoman on . Does the chairwoman wish to have an Opening Statement . Ill recognize here with your permission after myself. O our colleague ms. Lawrence is going to issue have an Opening Statement. I will recognize if somebodyv on your side wants to have additional okay. That would be fine. The cr you justow let me know. Okay. Theit s Postal Service is the crowned jewel of our federal government. It emplo serves every household b
In california. Good evening everyone, im frank somerville. Im julie haener. For some, it is a second night in the dark as pg e tries to avoid setting any catastrophic fires from its equipment. We have the timetable to get the lights back on. Remake the utility is sticking to its forecast. Winds die by tomorrow morning, then day long inspections and repairs. And if no surprises, powerback sometime tomorrow evening. This is what we are going to be dealing with for the next over 24 hours. Reporter santa rosas Oakmont Retirement Community is in the heart of the power ou smiling while plopping. Figuri this Fire Prevention blackout wont be the last. We are supposed to have these 50 to 60 mile an hour winds this morning, they havent developed as of now. Reporter pg e says the wind did materialize at higher elevations. A 66 mileperhour gust recorded on mount st. Helena. What the heck is pg e doing . What have they done to help with the situation . Reporter the owner of oakmonts market sold 300