Good afternoon and welcome to the council on foreign relations. I am president of the council and we are delighted and honored to have this is the first officiale program. Thi see a lot of friends out there, members of congress and its a particular honor. At the council for a couple of days and the chairman and the Ranking Member with us and congressman. Talking to businesses and a wide range of stakeholders about this we would love to get your perspective on first and foremost chinas role in the global economy. A. China has driven about a third of global growth. Do you want to china to slow down and the growth to slow down. Thank you for your hospitality. For those who dont know we have about ten members of our committee here. We started the day off by going to the 9 11 ceremony at ground zero which is very powerful and we will have a series of engagements today with people from the financial and economic leaders. A lot of wall street leaders and tonight we will do a tabletop exercise
Good afternoon and welcome to the council on foreign relations. I am president of the council and we are delighted and honored to have this is the first officiale program. Thi see a lot of friends out there, members of congress and its a particular honor. At the council for a couple of days and the chairman and the Ranking Member with us and congressman. Talking to businesses and a wide range of stakeholders about this we would love to get your perspective on first and foremost chinas role in the global economy. A. China has driven about a third of global growth. Do you want to china to slow down and the growth to slow down. Thank you for your hospitality. For those who dont know we have about ten members of our committee here. We started the day off by going to the 9 11 ceremony at ground zero which is very powerful and we will have a series of engagements today with people from the financial and economic leaders. A lot of wall street leaders and tonight we will do a tabletop exercise
Committee. Foreign Relations Committee will come to order. Mr. Tillerson, mr. Secretary, we appreciate you being here. Were having a little bit of a discussion about the timing issue. We do have a lot of other things happening today, and i would really like to finish this in one round. So what i think im going to do without i think what well do, senator cardin, if it is okay with you, lets put six minutes on the clock. If we need to have a second round for some reason we will. Im open to discussion about that right now if you wish. I think six minutes sounds fair on the first round. I dont want to preclude a member on either side that believes they need additional time for a second round from having that second round, but i would encourage our members to try to be efficient on the use of their time. So i want to begin by saying that last night about 10 20 we finished negotiating a russia bill to be attached to the iran bill, and we were able to gavel in the senate and have Senate Mccon
Committee. Foreign Relations Committee will come to order. Mr. Tillerson, mr. Secretary, we appreciate you being here. Were having a little bit of a discussion about the timing issue. We do have a lot of other things happening today, and i would really like to finish this in one round. So what i think im going to do without i think what well do, senator cardin, if it is okay with you, lets put six minutes on the clock. If we need to have a second round for some reason we will. Im open to discussion about that right now if you wish. I think six minutes sounds fair on the first round. I dont want to preclude a member on either side that believes they need additional time for a second round from having that second round, but i would encourage our members to try to be efficient on the use of their time. So i want to begin by saying that last night about 10 20 we finished negotiating a russia bill to be attached to the iran bill, and we were able to gavel in the senate and have Senate Mccon
The revenue side. So we have to, i believe, address that, and i would hope that when we come up with this specific bill that well send it to you and your organizations and that you would then indicate to us whether you can support these kind of alternatives to sequestration. I happen to agree with senator king who phrased it earlier today, it may have been senator cain, but one of the two of you have talked about the fact that we talk a lot about getting sequestration. Whether or not you could right now, but indicate which of these proposed changes in these personnel accounts are the most problematic. If you are able to prioritize them. They all have consequences. To indicate if you are able to say which of the ones that are in the Budget Proposal are the worst or the most problematic from your perspective . Why do thank you, mr. Chairman. I think from our memberships perspective and that of our chairman, we felt that the cost of living adjustment at one percent was a valid approach, a