Primarily focus on the coronavirus and what another round of stimulation such could look like. This is about one hour. All right. Good afternoon. Thank you for joining us. My name is cliff johnson, the general manager here at bloomberg government. I am actually delighted to welcome you to a 2020 springhill watch event. Hopefully by now youve all the chance to take a look at the newest addition of rock biannual hell watch report that explores what to watch on capitol hill across more than 20 different policy areas and, of course, this report also examines the effect of covid19, the need for related relief legislation as was both parties agendas and plans for 2020. Today were incredibly excited to build upon of a reporting ts expert analysis through conversation with a key lawmaker that is senator john thune of south dakota who was shared with us today discuss the current state of affairs. You can participate in todays discussion on social media by using the hashtag bgov want to be sure
So nbc news now has obtained a onepager, in effect, laying out the stage 3 proposal key terms. Thats the mnuchin proposal for about 1 trillion in stimulus and economic backstopping. Heres whats in it, as were going through it in realtime the Airline Industry gets a secured Lending Facility of 50 billi billion. Theyre saying it would be secured by lateral thats specified by the Treasury Department here. Other severely distressed sectors of the u. S. Economy, thats 150 billion. This document not specifying what other sectors might be included here, but theyre saying that it would authorize use of those funds for secured lending on loan guarantees to assist other critical sectors of the u. S. Economy, experiencing distress here. Also, theyre going to temporarily permit use of the Exchange Stabilization fund to guarantee Money Market Mutual Funds. What treasury is saying here is they will temporarily suspend the statutory limitation on the use of Exchange Stabilization fund for guaranteed
All of us are working very hard every day in our states to spur economic growth, and to build lasting Career Pathways that put more people to work in goodpaying jobs. Its more important than ever that we Work Together to find new ways to build a steady pipeline for the future, using Economic Development models, Infrastructure Projects, and talented welltrained and wellskilled workers. The governors obviously play a key role in these efforts. Many of the governors here today have shown tremendous leadership in this area, and its at the state level that bold ideas are being developed, and relate solutions are being forged. So to lead todays next panel, it is my privilege to introduce the vice chair of the nga, the governor of the great state of new york, andrew cuomo, who will tell us a little bit about the progress hes making in new york, and then lead the next panel discussion. Please welcome Governor Cuomo. [ applause ] thank you. Good afternoon. Before i get started, lets give a grea
It is more important than ever that we Work Together to find new ways to build a steady pipeline for the future using Economic Development models and Infrastructure Projects and talented, welltrained and well skilled workers. Governors obviously play a key role in these efforts. Many of the governors here today have shown tremendous leadership in this area. It is at the state level that ideas are being developed and Real Solutions are being forged. Panel, itdays next is my privilege to introduce the , thechair of the nga, governor of the great state of new york, andrew cuomo, who will tell us about the progress hes making in new york and then lead the next panel discussion. [applause] gov. Cuomo thank you. Before i get started, let us give a great round of applause to governor hogan. [applause] governor hogan, we all thank you for your professionalism, your cooperation, and your leadership. Another round of applause for governor hogan, please. It is my pleasure to be here today to open
Negative press recently with vaperelated deaths and lung injuries on the rise and teenage ecigarette use skyrocketing. Juul even brought in a new c. E. O. It has spent millions of dollars trying to get prop c passed here in San Francisco, but late tonight a statement from that new c. E. O. Says, in part, we must zriechl to work with regulators, policy makers and other stakeholders and earn the trust of the societies in which we operate. As part of that effort juul says it will stop active support of prop c. Now, prop c aimed to prevent a ban on ecigarette sales in San Francisco that goes into effect in january, but the campaign presented it as a crackdown on ecigarette sales that will protect kids. Tonight the no on c Campaign Says it will skeptical of juuls announcement because it says the campaign has been less than truthful. Weve got a lot of work to do to educate voters. This cant come off the ballot. So if its true, its a welcome sign. Hopefully it wont be as contentious a campaig