Closed due to the coronavirus pandemic now exports fell by 8. 7 percent and imports to the u. S. Withered up by 15. 3 percent now this was the 1st time u. S. G. D. P. Went negative since the 1st quarter of 2014 and the biggest drop since the last recession in the United States this Economic Contraction as the longest period of economic expansion in u. S. History and like concerning news when it comes to Economic Growth in the United States markets surged on wednesday meanwhile the u. S. Federal reserve the federal open Market Committee wrapped up crucial meetings where they decided to keep Interest Rates near 0 fed chairman of the Virtual Press Conference Following the meetings and had this to say. Last month we quickly lowered our policy Interest Rate to near 0 we stated then and again today that we expect to maintain Interest Rates at this level until were confident that the economy has weathered recent events and is. On track to achieve our maximum employment and price stability goa
That could be delay ad little bit. May 15th, on time could be pushed back a little bit for presumably that portion of new york. He doesnt spell it out. The fact that he was talking about maybe having the state sort of bifurcate a little bit open up sooner up state than down state, saying the may 15th deadline is moving target for down state that includes the worlds Financial Center and that is going to be a big issue. Well see how all of that goes. Well hear very soon from new Jersey Governor Phil Murphy. Remember new york, and new jersey, much like connecticut, pennsylvania, massachusetts, rhode island, and delaware are among those states that will sort staffinger in kind if you will. Theyre keeping to the same rough schedule. Whether the garden state, which is the most densely populated state in the country subscribes to the same rules as new york might be considering is anyones guess. New jersey, like neighboring connecticut and new york, opening up many of its marinas. Keep with th
Government is not the solution to our problem government is the. First priority presuppose there will be. One of the points that we really felt was important to get across when youre talking about cause and effect as priorities if nobodys making money on it i not a commodity then it has no value and it shouldnt it isnt a priority of the federal government so housing that was just from people that was not a commodity that was just a living up to the responsibilities of the federal government to people have a clean safe in place to live thats not important anymore thats not. George Herbert Walker bush William Jefferson clinton who saw all over the water bush. Who said obama do solemnly swear i told john truong do you solemnly swear. The word of the general wages of Living Standards of working. Or declined since the late seventys. The numbers of people who grow because of the growth of the population the supply. To the to nearly. Its a mix up so somebody is going to get squeezed out and s
Economic damage, really us with a strong recovery to the heroes act takes that wisdom to heart. It is the bold and transformative step we need to ensure our nation meets the challenge of the pandemic and the ensuing economic recession. Much of the bill is in the jurisdiction of other committees and my fellow Committee Chairs will tell you more how this bill meets the needs of the American People. By putting money directly in the pockets of workers, including our essential workers, supporting Small Businesses and nonprofits and further bolstering families, including their Health Security and workplace security. However, there is much in the appropriations to address the health and economic crisis for the people. First and foremost, the bill delivers nearly 1 trillion to states and local governments so they can keep our heroes, first responders, health workers, teachers and other Public Servants paid and working for us. I am incredibly proud that this bill will provide 67 billion to my h
Is not we dont need to be captives or hostage to the idea that in an earlier age there was no physical way, there was no technological way for us to come together and i would suggest that only under the very narrow circumstances anticipated by this resolution could we continue to work on behalf of the american public. I appreciate and yield back you also raised are the point. I dont think theres any constitutional issues revolving revolving around whether or not committees can meet virtually. I mean, the constitution the commit constitution creates the committees. We all agree on that. Miss shalala. Mr. Chairman, i want to make a comment about the suggestion that scientists and Public Health people are making policy in this country. They are not. Were the policymakers. The governors, the mayors are the policymakers. They seek advice during a crisis like this one with a vicious virus from experienced scientists and Public Health officials, and they can take that advice or not take that