I want to take a few brief opening remarks and then ill turn it over. Then ill turn it over to Ranking Member sanders. We are here today to consider, to serve as the nest director of budget. To serve as the director since there were 20. Teen President Trump nominated him in march as the nations facing a unprecedented crisis, both health and economic from the covid crisis. The office of management and budget paint played a key part, in addition to building the president s annual budget we also to do financial, management grants management, information technology, program assessment, and Property Management just to name a few. Given the vast responsibility over the organization its important to have a senate director in place. Before we hear from the Deputy Director of want to discuss our response to the coronavirus pandemic. Congress working with the president to provide needed relief for individuals and businesses and state and local government on a series of bills resulting in spendin
With them and to lead them for the last 3 1 2 years and i will an even greater privilege to do so as the director. I have spent my entire career about taxpayers and their families. I have fought to save them money areensure their tax dollars well spent. I come from a bluecollar family. Electrician and son of a teacher. Tonow what they went through balance their budget and save for the future. Long, hard orked hours to put me through school. They worked very hard to pay for the government and their lives. I wonder what else they would be were o accomplish if they fiscal year to freer to build and save more of their hardworked earnings. My parents represent the forgotten men and women of this country. They have always been the which i have tested Government Spending and i am rateful to the work of this administration that made the eyes and the heart of the forgotten man the lens from policy. See these men and women live and work in every city and every own and every state in this great c
Out of several feet of water drainage definitely an issue in this area along governor prince boulevard. Water gushing down one side of the hill, on the other side, also more i did not see the water at all. Thats the thing. I didnt see the water. All i remember is just driving. As soon as i see the water and brake, im already in the water and my car immediately shuts off. Im like oh my goodness. I tried to start it again, it shut off again. And speed limits were reduced because of the weather. Also in south jersey, the pounding rain caused problems on the rails. The tracks of new Jersey Transits river line here in camden were flooded. The line shut down between the bank center and the Walter Rand Transportation Center for more than an hour at the height of the morning rush. So our rainfall totals from this morning were very high especially in delaware and south jersey where we showed you the video from. So from this morning, there you can see some of the heaviest rainfall amounts in par
Obscure for a handover. Dagen and hangover and cureallss. And looking for direction today. We are seeing a market that is pulling back, Dow Jones Industrials down for the third day in a row. And right now down 23 points and a mixed bag as far as how components are doing. The big picture is the trend is to the downside, we are 5. 7 behind the alltime closing high in september by the Dow Jones Industrials. Theyre doing so great year to date. Theres some profittaking going on because of concerns in washington. Hang over fears on wall street, a lot around here, basically on top of that. Lets bring it in on friday mornings. Connell thank you, Nicole Petallides. Janet yellen to run the Federal Reserve, the nomination of current vice chair janet yellen to replace her boss, ben bernanke. That should happen later today. Connell with all the dysfunction of washington is there a possibility, the senate fails to confirm reddick . Peter barnes at the white house with latest. The senate is going to
The level is 16. 67. Down more than 15 . Yesterday, the vix hit 21. It has certainly calmed down. Hoping for a coup by jan moment in washington, d. C. Lori lets get more on that partisan logjam. It is finally showing signs of easing. Rich edson with his exclusive reporting. Rich House Republicans will present president obama with an offer. If bars treasury from extending that. He is taking nothing off the table. It is time for leadership. It is time for negotiations and this conversation to begin. I would hope that the president would look at this as an opportunity. Rich jackboot disagrees. I think prioritization is just default by another name. It is just saying that we will default on some of our obligations. By definition, if we do not have enough money, we will be in default on our obligation. Rich he also says it would be difficult to reprogram computers to pay some bills, but not all. Lori we want to go into peters report. What is the take at the white house . Peter jay carney is