Volatility in the markets today, it could had into it during the election next week. Speaker nancy pelosi had a conversation with treasury secretary Steve Mnuchin late this afternoon. Well have more on what we know about that conversation here as we bring in our reporters. Fox Business Team coverage. Blake burman at the white house for us. Today were starting with Ashley Webster on the market selloff. Ashley . Ashley what a day it has been, connell. All sorts of skittishness and fear on wall street. Fear of a second wave in covid as weir seeing in europe. Fear of the unknown when it comes to the election just eight days away. Fear congress will be unable to finally agree on a stimulus bill. You put it all into the hat. This is what you get as a result. The dow off 650 points at the close. But was way down more than that. 950 at one stage. The s p down nearly 2 . The nasdaq also down about 1 1 2 . All 11 sectors on the s p 500 finishing down on the day led by energy, tech and industrial
Going to our website and entering Manhattan Institute in the search bar. Were going to go live now to capitol hill as the House Rules Committee starts two days of hearings on earmarks. President trump has suggested that those earmarks be restored. They were taken away in february of 2011. To ensure that the government allocates taxpayer dollars responsibly and in light with the values and wishes of the American People. Over the years, the manner in which congress fulfills those duties has been the repeated topic of discussion, debate, and calls for reform. While most agree that the constitutional responsibility to determine how taxpayer money is spent lies with the legislative branch, we can also agree that abuse has been associated with the process. This has, understandably, fueled concern among tax paying citizens. As a result, earmarking became known a process known for its secrecy and selfinterested motivations. Despite efforts to reform the earmarking process, and increase transpa
We welcome everyone today. I recognize myself for an Opening Statement. Article one of the constitution explicitly gives congress authority for spending. Is oversight authorization central to congresss responsibility to ensure the government allocates taxpayer dollars responsibly and in line with the values and wishes of the mecca people. It has been the repeated topic of discussion and debate and calls for a forum. We can agree that abuse and a lack of transparency have often been associated with the process. This has, understandably, fueled concern among tax paying citizens. As a result, earmarking became known a process known for its secrecy and selfinterested motivations. Despite efforts to reform the earmarking process, and increase transparency, the American People and many members of congress remained unsatisfied. Highprofile cases persists. Since the enactment of this ban, members have become frustrated as federal funds have been appropriated only to be redirected via the execu
On thursday, follow the congressional debate over funding the federal government. Live coverage on cspan. The senate on cspan two. You can watch online at cspan. Org or listen with the free cspan radio app. Earmarks the legislative permitsn that congressional spending two states were banned in 2011. Proponents for the practice are calling for the reinstatement. A House Committee took place this morning. Men make many members of or for thee against march the marks. This is three hours. [captions Copyright National cable satellite corp. 2016] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] we welcome everyone today. I recognize myself for an Opening Statement. Article one of the constitution explicitly gives congress authority for spending. Is oversight authorization central to congresss responsibility to ensure the government allocates taxpayer dollars responsibly and in line with the values and wi
Running cities like chicago and so many others that we just had a News Conference and, unfortunately, thats the way it is. Thats the facts. When you look at chicago and you look at the job mayor lightfoot sent me a letter yesterday and i think in their own way they want us to go in. There will be a time when theyll want us to go in full blast but right now were sending extra people to help. Were arresting a lot of people that have been very bad as far as the coronavirus, as you say, i think weve done some Amazing Things and i think youll probably see that if you compare our statistics to other countries and if you look at death rates, etcetera, youll see, and especially into the future with whats happening, youre going to see some very, very impressive numbers for the United States. John, go ahead. Mr. President , do you plan to do a National Strategy to help schools reopen and reopen safely . Regarding the children in your family, your son, your grandchildren, are you comfortable, do