Control which will be required on all trains. Its been delayed in a lot of cities and states including new jersey, but no doubt, politicians seizing on that. Another politician interviewed on fox news saying its a sign that Infrastructure Spending is a low priority for congress and that is why we keep having events like this. Again, that begs the issue that if we had more Infrastructure Spending or more spending on trains or High Technology trains, we wouldnt have. Let alone the fact we dont know what caused this. But this happens every single time. So much to get into here. Heres what we know thus far, one person is dead, a hundredplus are injured in this accident today. The accident, whose cause we still havent discerned even though a number of politicians have already concluded. Adam shapiro with the very latest. Adam. Reporter and, neil, you can see part of the train station behind me. Let me bring you up to laters on what we know about the latest on what we know about the people w
Trade in our dna, other countries do not. Tpp provides new transparency and fairness, and nondiscrimination rules. Competition policy and state owned enterprise which levels the Playing Field and expand opportunity. It provides binding, timelimited transparent dispute settlements for most of our key operations in the tpp to make sure that commitments can be enforced. With the growing middle class and increased spending power in asia, there are clearly opportunities with our ranchers, farmers, and businesses. Goods, and 25 of Services Already voted asia already go to asia today. There is so much opportunity. Apply in asia has been exponentially growing. America spice of that pie americas slice of the pie has been shrinking. Across america, Congressional District could valued at 500 million or more go to asia. Send at leastates a quarter of the exports to asia. Put another way, 32 of export dependent jobs over there living owe their living to asia. Tpp gives the u. S. A strong hand at wr
Internet caucus taking a look at internet privacy and personal data protection. The chair of the Federal Reserve, janet yellen, testified on the u. S. Economy and Monetary Policy appearing before the House Financial Services committee on wednesday for about three hours. The committee will come to order. Without objection the chair is authorized to suggest a recess for the committee at any time. This is the annual testimony on the Federal Reserves supervision and regulation of the Financial System. I now recognize myself for three minutes to give an opening statement. The dodd frank act requires the Federal Reserves vice chair of supervision to testify before our Committee Twice a year regarding the supervision and regulation of Financial Institutions. Regrettably, five years after the passage of dodd frank, no such person exists. President obama has been unwilling or unable to follow the law in a point at vice chair. We can no longer wait for the president to do his job so we can be al
The economy. The other thing is, if you act too soon and you decide, oops, we acted too soon, you get you put yourself in a position where you have a zigzag policy and you will face criticism from that by people i know. Second, if you then want to go in the other direction, you only have a quarter point to play with. If you hit the brakes too soon, you dont have gas. With that in mind, im concerned about the effect raising Interest Rates now would have on the real estate recovery and i would ask you what you would think the impact would be of raise zing Interest Rates on the housing recovery and would we squeeze credit worthy borrowers out of the Housing Market and create a negative feedback loop with prices going down . So, you have made very large number of very good points and indicated many relevant considerations that the committee is trying to weigh and balance and has been taking into account. With respect to the Housing Market, of course the level of Mortgage Rates is relevant
If its my friends at the fcc, first of all, i wouldnt be shocked. And second of all, maybe thats a pretty fair thing. Have you done what you need to do to get this regulation, required by law, simply to allow us to know the incentive that is are involved and to prohibit inappropriate incentives that did help lead to the 2008 debacle. Have you done your job . We have tried to work constructively with the other agencies. I love when chairs never give answers. We have done i think the fed has done a pretty good job. Im not complain 00 the fed. But this is long overdue. Each regulator that comes before me, im going to ask. I dont say do a specific item, i dont care how much they make. Do it so the american person doesnt get on the hook again. On an item that we have already identified as a problem that everybody agrees was a problem and that should be relatively easy to fix. I agree with your assessment, that it was an important problem, that it is essential to address it. And as i said, i