Search bar. The hearing will come to order. The chairs authorized to declare recess at any time. Let me say good morning and welcome to todays hearing and oversight of the department of research and development enterprise. Welcome mr. Secretary we are delighted that youre here today. As you know this committee has jurisdiction over the department of energy and its a vitally important science in Energy Research and develop activities. The laboratories and facilities i hope much more quickly from now on and i look forward to working with you throughout this congress. With a budget season, i would like to bring just a few minutes and a few items to your attention and ill start with the good news. Which is despite the ministration best effort to make cuts across the board and develop my programs most actually fared well in the house of representatives and particularly pleased to see the increased to the budget for the loan programs office, both of which have yielded transformative results
What youre doing in vegas and across the country demonstrates everyday that skill workers are literally building our economic future. I could not be more thrilled to join you. Just a year ago, i delivered a speech in michigan which laid out the case for our administrations economic plan. At the time we had just witnessed an historic economic recovery from the depths of the pandemic downturn. The unprecedented pace of job creation had brought the u. S. Labor market back in that time. Yet we were still in the early stages of executing President Bidens longterm economic agenda. We had just completed the enactment of our trifecta of historic investments. The bipartisan infrastructure law, the chips and science act, and the Inflation Reduction Act. During that speech, i also talked about the principles that guide our agenda. I outlined the framework called modern supplyside economics, and economic philosophy which animates much of biden onyx bidenomics. Its about how governments can spur lo
Now, the treasury secretary speaks on the state at the u. S. Economy in front of the International Brotherhood of Electrical Workers Labor Union in las vegas. During her remarks, the secretary outlined the economies transition in the wake of the covid19 pandemic, and highlighted the clean Energy Aspects of the Inflation Reduction Act. This is nearly 30 minutes. What youre doing in vegas and across the country demonstrates everyday that skill workers are literally building our economic future. I could not be more thrilled to join you. Just a year ago, i delivered a speech in michigan which laid out the case for our administrations economic plan. At the time we had just witnessed an historic economic recovery from the depths of the pandemic downturn. The unprecedented pace of job creation had brought the u. S. Labor market back in that time. Yet we were still in the early stages of executing President Bidens longterm economic agenda. We had just completed the enactment of our trifecta of
I studied the labor market. Held workers and companies interact when it works and when it doesnt. Since then, much of my life has been dedicated to creating an economy that lifts workers and families up. What youre doing in vegas and across the country demonstrates everyday that skill workers are literally building our economic future. I could not be more thrilled to join you. Just a year ago, i delivered a speech in michigan which laid out the case for our administrations economic plan. At the time we had just witnessed an historic economic recovery from the depths of the pandemic downturn. And from president to job creation had bought the u. S. Labor market back in record time, yet, we were still in the early stages of executing President Bidens longterm economic agenda. We had just competed the enact. Of our trifecta of historic investments. I also explained the principles that guided our agenda, outlining the framework called modern supply side economics, a philosophy that animates
Graded a c by her own. Hes a tough grader. Nasdaq outperforming several momentum names in that index bounce back led by nvidia back 900 bucks. Oracle is the best and s p following its earnings report. That after naming a new ceo. And all takes us to our talk of the tape which is all about the rally. Is it running out of steam . Is it taking a momentary breather . No real breather at this moment as we come on the air. Lets ask archie Market Strategist for j. P. Morgan asset management. Welcome back. Reading through your notes, you sound really positive on this market. We do some positive. First on the fundamentals for the economy we see growth normalizing this year 2 , but zero recession in our base case. We see inflation also moderating towards 2 by the end of the year. You still have a pretty resilient nominal growth backdrop for companies. Resilient Revenue Growth area and at the same time it seems to us the big take away from Fourth Quarter earnings was a bottoming in the margin fro