Janet yellen still speaking. Do not worry. We will interpret. Varney and company is about to begin. Stuart lets briefly recap what janet yellen has been saying on capitol hill. She says, the fed will continue printing money because of the weak jobs market. Do not know how much. The economy will grow at a faster pace this year. Interest rates will stay the same for a considerable period of time. The bad Winter Weather is partly, mostly to blame. Check the Market Reaction to all of this. The dow is trading at a very narrow range. Interest rates, though, that is a key barometer as to where the market thanks the economy is going. Take a look at this. Down again today. A huge drop yesterday. The stock talk below that whatever it is. Right at 30 a share right now. Same with yelp. It dropped 12 yesterday. Now another 2 . It is being investigated by a shareholder rights firm. Whole foods. It has cut its forecast. Look at that. As you can see, there are some huge moves in individual stocks. Sue
I mean yes we are going to be living i mean i have an economic forecaster but everything i read suggests we are going to be living with an unusually high levels of unemployment, a lot of pain from over indebtedness and a quarter of the country is on food stamps. I mean its not a great depression. We are not repricing exactly what happened in the 30s but its a version of that. See the Consumer Financial Protection Bureau estimates that Student Loan Debt is more than a trillion dollars. Up next the Senate Budget committee looks at how that that affects borrowers and the economy as a whole. This is an hour and a half. [inaudible conversations] see this hearing will come to order. I want to thank senator johnson who is filling in today for my Ranking Member senator sessions. Welcome to you and all of our colleagues who are joining us today as well as a roomful. Welcome to all of you on a really important topic today. We are going to be talking about a challenge that 40 Million People aroun
People have to turn to Student Loans to help finance their education. In just a few moments you will hear from britney jones. Shes going to be talking about how taking out Student Loans made it possible for her to get a College Degree and britney id look forward to hearing more about your experiences. You were to start a teaching career and the same time paying down the student loan the but later college. Of course britney is not alone. Dealing with overbearing student debt is becoming a reality for growing number of americans. Statistics are staggering. Today the average College Graduate will have to pay back around 30,000 in Student Loans and a Record Number of young households owe student debt. Back in 1989, 16 of young households have student debt. By 2010 that figure had more than doubled according to the pew research center. More young people than ever before are dealing with more student debt than ever before and that can have lasting consequences. Americans who took out school
Mesherment that shows that in a more compelling way. Each has a security plan, right . Yes. Has Homeland Security done an analysis of what the total cost would be to bring it up how much total for all of the tier one ports would we need to spend to bring them where they need to be. Do we have that . Do we know that . Im not aware of that analysis. Thats an important question because if you dont know what they need, i know you know where the weaknesses are. If the total bill for bringing our tier one ports is 2. 5 billion, were 12. 5 years from bringing that. By that time youll have replacement needs so the question is dont we think its important to know and heres the total cost to get us where we want you. Which one of those top eight ports, which one has the greatest vulnerability and should we not be spending maybe 70 million at one port and 30 million at the other eight on the basis what the total need to to get them to the level where we feel confident. Well take a close look at th
And let us know what you think about the programs youre watching. Call us at 2026263400. Or email us at comments cspan. Org. Join the cspan conversation. Like us on facebook, follow us on twitter. The Senate Budget Committee Held a hearing recently on Student Loan Debt which, according to the Consumer Financial Protection Bureau, is over 1 trillion. Lawmakers examined the impact of Student Loans on borrowers, career choice and the larger economy. Witnesses included the Consumer Financial Protection Bureaus student ombudsman, a recent graduate and economic scholar richard vedder. This is about 90 minutes. [inaudible conversations] this hearing will come to order. I want to thank Senate Johnson senator johnson who is filling in today for my ranking member, senator sessions, welcome to you and all of our colleagues who are joining us today as well as a room full. Welcome to all of you on a really important topic today. We are going to be talking about a challenge that 40 Million People ar