We should not lose sight of what that means for people who are still struggling and the fact we still have a very deep hole to climb out of. The socalled [inaudible] workers at the low end distribution hedonic options to work from home and federal health is already fading away. Nasa been said about what this means for cities and as we see hollowed out downtowns with your workers coming in, buying lattes and what 115th congress has called any service that depends on a smile what does that mean for city revenues . One estimate suggests especially in high rent districts, employment is still at 45 of precovid levels. We arere about to explore the sinks a bigger graph of blog, my colleagues have a blog looking at what this means for cities and look at how really depends on state revenue structure, well exposure to covid as as the highly uncertain federal policy response. If i could get the next slide, please. There we go. The point of a blog is really going into this were a lot of things we
Cities krs the u. S. From the urban institute this runs an hour. Were about to hear some very good Economic News after recordbreaking declines in economical activity in the Second Quarter of 2020, well be see eyepopping consensus, 25 growth in the third quarter. We should not lose sight of what that means for people who are still struggling and the fact that we still have a deep hole to climb out of. Much has been written about the kshape recovery. Workers at the low end of the distribution who dont have options to work from home and for whom federal help has already been paid in a way. Weve seen who will owedout downtowns with fewer workers coming in, buying lattes. What does that mean for city revenues . One estimate suggests its in highrent zip codes, highrent districts, employment is still at 45 of precovid levels. So we are about to explore these things today. We also have a blog my colleague and i have a black about what this means for cities and each industrys mix and, of course
Richardson talks about navel operation answers maritime security. Next, agriculture secretary tom vilsack talks about the biobased industry and its impact on the economy and talks about how the industry creating jobs for Rural America. From the National Press club, this is an hour. [ applause ] tom vilsack, a pittsburgh native and former governor of iowa is the only original member of president Barack Obamas cabinet still serving in the administration and he hasnt been quiet about food or politics. Vilsack recently ran for the white house in the 2008 president ial race and was considered by Hillary Clinton as a potential running mate during election cycle. He endorsed clinton in 2008 and 2016. Campaigning for her in the crucial state of iowa. Earlier this year, appearing on nbcs meet the press, comparing donald trump to bern made off. At the usda, secretary vilsack has a vast portfolio from food safety and secure it to Healthy School meal coordination to coordinate the white house effo
Certainly my state as well. This also represents a milestone as members of this Committee Work to complete a multiyear highway bill the first time in a decade. And long overdue. With Service Transportation programs set to expire on friday, it is imperative we work quickly to reach a bipartisan and by cbicamybicameral agreeme. A number of issues happened to be particularly important to my state. For example, upgrading the freight corridors and interstate system that moved goods through my state to Global Markets every day and providing Additional Resources for Public Private partnerships and border infrastructure. Delivering investment certainty so we can plan for and deliver the highquality infrastructure that our country and my constituents deserve. This bill is important. But im proud to say the leadership in texas havent waited on the federal government. In november 2014, 80 of texans approved a Ballot Initiative that provides 1. 7 billion to upgrade and maintain the Transportation
That could have as much effect as mr. Cummings just said on future generations. Yet how little attention it gets when we actually do our job. Especially on a subject like there. I think it is appropriate at times that we all rightfully argue about how big or small the federal government should be. But i think we all share a common belief that whatever side the government should be, the dollars that we spend, we need to make sure are spent wisely. And one of the things i want to again commend you and the Ranking Member on, as a former governor, often the difference between a governor and legislator was a legislator thought the job was over once the bill was passed when in actual ality, it is the implementation is where the rubber hits the road. And hearing what both of you have said and i know my friend senator portman shares this as well, we will keep common cause to make sure that implementation takes place in a timely, effective and efficient manner. As we went into some of the last