It is a large document. It goes back and forth. There were iterations that did not come out until late last night. People need time, you know. Regarding todays vote on individual programs, d. C. Do something that should be set forth . Well, its a notice and comment preceding. There will be a notice. There will be a comment period, then there will be a reply comments carried, then there will be how to make sense out of all of that. I do want to set an arbitrary date to it i dont. A small question. When would you expect the item to be resolved . I hope soon. I have a followup. Nice try, mikey. Questions or Public Safety, raise your hands. Public safety, come on up. The rest of my team comes up, some of you may of noticed yesterday we had a test of Emergency Alert system. Went out to the entire nation over 22000 stations have responded to us with results from the and were continuing to compile those results with our partners at fema and industry, as well as the states emergency communicat
Well as the isn services index. Market desk where julie hyman has all these. Julie we recently got disappointing news on the manufacturing, but disappointing on the nonmanufacturing front as well. Service industries expanding at the slowest pace in six months. We saw the biggest month over reading ofase, a 55. 9 for the month, that is worse than estimated in october. Again, thats isn noninfection composite, 55 point point 50 59, 58 is what economists had estimated. Factory orders, excluding transportation in line with estimates, a gain of 2 10 of 1 , then good orders, this is the final reading. We have to limit our numbers and it looks like a reading of 2. 9 , an increase of 29 next there, up half of 1 and we have a capital goods orders numbers as well if you exclude aircraft, you get a decline of nondefense if you exclude nondefense as well, you get a decline of a half of 1 . The number that stands out is that Services Number coming in worse than estimated. Below0 making expectation.
We are very, very happy to have congressman teeberry take over as vice chair. Welcome. I also want to welcome our distinguished chair of the Federal Reserve janet yellen and thank her for appearing before us this morning. This committee has a long tradition of receiving regular updates from the chair of the Federal Reserve and were pleased to be continuing that tradition today. U. S. Economy has struggled through a long season of at tted growth. Over that time, our economy has grown at a historically slow pace averaging 2. 2 per year. Some had suggested that a 2 growth rate is and will be the new normal for the economy. All of us should view these low Economic Expectations as unacceptable. The fed certainly has an Important Role to play in setting Monetary Policy. And that is where its focus should be. There will no doubt be discussion of fed policy and Interest Rates during todays hearing as Monetary Policy by the fed has been the norm for some time now. We should also be mindful that
Its on our website. Its very powerful. Particularly think the three things katie talked about if ou look at the nature of the terrorist against the United States its all of the above. Every tactic technique that could potentially be available has been aimed at the United States which is important when you think about countering that. When everybody has an easy button answer, seal the border or keep out the refugees or end the visa waiver program. None of these are the terrorists just move on to something else. So in your programs toupt be efficacious and have due diligence. But somehow the notion we put a plug in and the flood is stopped is a rally wrong way to do that. Youll do more damage in terms of freedom prosperity and own security by fixating on something, if you just put my Bumper Sticker up there this problem will be solved. Its a powerful tool. Mentioned today the report that we did the analysis of the administration Counter Terrorism strategy i still think thats a very impor
The presiding officer the senate will come to order. The clerk will read a communication to the senate. The clerk washington, d. C, july 3, 2014. To the senate under the provisions of rule 1, paragraph 3, of the standing rules of the senate, i hereby appoint the honorable thomas r. Carper, a senator from the state of delaware, to perform the duties of the chair. Signed patrick j. Leahy, signed patrick j. Leahy, the senate is out for the july 4 holiday and lawmakers will return to business monday july 7 and of course we will have live coverage of the senate on cspan2. Now we will take you back to the discussion on banking regulation focusing on community and International Bank in posted by boston university. The shadow finance hundred and 74 of assets of u. S. Banks. It is a very big market presence even as measured by those even let alone but i think it really is. So it is a clear issue for the industry and i think it is also a major one for the regulators and 40 occ. For the regulator