And the state of the economy. The committee will come to order. The chair is authorised to declare recess at any time. This hearing is called Monetary Policy and the state of the economy. I would like to start by addressing the elephant in the room. This president has made it clear that he has no understanding or respect for the independence of the Federal Reserve. Doesnt fed, have a clue. Most lled at this time difficult problem for the u. S. Hes ing to media reports discussed firing chairman powell just as hes fired others he with. Not agree lets be clear. It is essential that the federal maintain its executive e from the branch. So i urge chairman powell and other Federal Reserve board overnors not to submit to the High Pressure tactics of this president who continues to push economic nd harmful and social policies. Another issue i hope chairman powell will address is facebooks recently announced with 27 other crip toe to develop a currency and digital wallet. And others have raised
Free cspan radio app. Earlier today facebooks david marcus testified before the Senate Banking committee to address concerns over the companys proposed Digital Currency. This is 2 hours and 20 minutes. This hearing will come to order. Today we will receive testimony from david marcus, head of libra at facebook. On may 9, senator brown and i sent a letter to facebook shortly after it was reported that the company was recruiting Financial Institutions and online merchants to help launch a cryptocurrency based Payment System using its social network. Our letter asked facebook for more information about how the system would work. Its access to and use of Consumer Financial information, and facebooks access to and use of information on individuals or groups of individuals in credit, insure, employment or housing. I appreciate facebooks response last week. Shortly after the letter was sent, facebook formally announce ds its intention to launch the Payment System libra and issued a white pape
Lee of california on the 2020 spending package being worked and by the house. As always we take your calls and you can join the conversation on facebook and twitter. Washington journal is next. The federal deficit jumps 207 billion in may. Those on Social Security face a 20 cut in benefits unless Congress Acts and lawmakers face a deadline to avoid mandatory cuts across the board. Is thursday, june 13 and spending season is upon us. This morning, your chance to tell washington how you want them to spend taxpayer dollars. Republicans, 2027488001. Democrats, 2027488000. Independents, 2027488002. You can go to twitter at cspanwj or join the conversation on facebook on facebook. Com cspan. We will get to your calls in just a minute. How do you want lawmakers in washington to spend these federal dollars . What are your priorities . Take a look at the drudge report, the banner headline federal spending sword. Wall street journal with similar headline. U. S. Budget deficit grew 39 in the firs
Varney company picks it up so. Stuart good morning, everyone. Breaking, representative james, has the back records. Its an black and white, the money trail that links the biden family to 20 million from foreign sources meetings were held, influence peddling, money flowed. This is just developing, reaction coming in. The president goes to arizona and talks climate and see arrives, powerplant owners say the Reduction Plan is on google. Biden gave an interview of morning news journalists may be his new strategy but did say Climate Change is the existential threat facing humanity. Donald trump in front of his gop rivals asked a crowd of supporters of he should take part in the debate. No clear response so trump says maybe well try something else. We dont know what that would be. To the Market Selling yesterday, not that much blind. That will 13 points, s p 45, nasdaq 12, not significant gains. Espn buys pen gaming, bob iger ties to gambling. The stock is up 89 a share. The coin, not much c
Promotes just such, in fact, ukraine has become a factor of domestic russian politics, i would say so, and therefore returning to the finished phrase, and the Political Force of macron is actively criticizing the extreme right for a prorussian position, they say it directly, it is really new, it is so unexpectedly a little, but it is obvious that the election factor will also work here, and how did the French Society react to these statements of macron, why did he need to. Hold a meeting with the leaders of Political Parties regarding this phrase about the possibility of using military forces on ukrainian territory, because i do not recall such meetings at least in recent years, no, no, no, this is also such an innovation of french politics, well, it was necessary, because many of his opponents, many of his opponents were alarmed, including li peng, for example, she began to speak everywhere she could to say that how so, he imagines. Sending french boys to certain death, as you can ima