The committee will come to order. I note that a quorum shall be present without objection the committee is authorized to declare a recess of the committee at any time. Without objection members of the full committee, not on the subcommittee are authorized to participate in todays hearing. The committee is meeting today pursuant to the testimony on examining racial and gender wealth gaps in america. I now recognize myself for four minutes to give an opening statement. Todays hearing is around a Critical Mission avoid the subcommittee exist. The racial and gender wealth gap is real. Unacceptable and actually much larger than people think. True wealth can be defined by adding of total assets including cash retirement account or your home and then subtracting liability which is credit card debt, student loans, mortgage to reach you reach your net worth. The median net worth of white household with 130,800, the white median net worth of latina and households was 17530. And for black househo
Amass wealth and raised to help overcome those obstacles it. This is about an hour and a half law. The committee will come to order. I know its that all shall be present. Without objections the committee has authorized to declare a recess at the committee at any time without objection, they will accept the full committee on the subcommittee are authorized to participate in todays hearing. The committee is meeting today, pursuant to notice the testimony on examining the racial engender and wealth gap. I now recognize myself four minutes to give an opening statement. Todays hearing is rendered allround a subcommittee exists and the racial and wealth gap is real and acceptable and actually much larger than people think it could be get total access the cash retirement now or youre home and then subtracting abilities such as Credit Card Debt, student loans, mortgage to reach your net worth. But according to the United States in borough, the net worth of white households was 130,000 and 800
I am honored to be here because the secretary has been involved in the foundation for about 15 years now and it was hard for us when she became secretary of the army because she had to step off the board but now that shes no longer secretary of the r. Air force. Im going to say to introduce debbie and she will be formally introduced by allison of the National Press club, she has been a friend for many years and set the example when she was at scic she was leaving people and was president of the Technical Division of the Largest Division and she doesnt mince words. Shes always there and when she became secretary of the air force, i used to stay up at night watching cspan and she with a decisive leader. She always made decisions quickly and i look forward to being here today where i dont have to watch on tv but have had the opportunity to learn about her leadership style and shes been a role model the last decade. I would like to introduce Alison Fitzgerald kodjak who has been so kind to
Air force. Im going to say to introduce debbie and she will be formally introduced by allison of the National Press club, she has been a friend for many years and set the example when she was at scic she was leaving people and was president of the Technical Division of the Largest Division and she doesnt mince words. Shes always there and when she became secretary of the air force, i used to stay up at night watching cspan and she with a decisive leader. She always made decisions quickly and i look forward to being here today where i dont have to watch on tv but have had the opportunity to learn about her leadership style and shes been a role model the last decade. I would like to introduce Alison Fitzgerald kodjak who has been so kind to host us today for this book event. Thanks so much. Good morning everybody welcome to the National Press club, the place where news happens. I am a correspondent at npr news and president of the press club this year. For the cspan public radio audience
Booktv continues now on cspan2, television for serious readers. [inaudible conversations] good evening and welcome to politics and prose. Finance jack bennett. Welcome. Before we begin, just a few notes. First we ask you to silence your cell phones. You dont want to be the person whose phone rings in the middle of the talk but we do want you to be heard in recording. Lastly after the talk please help us including the space by folding up your chairs and link them against the nearest wall. The signing will begin just afterward with a line stretching towards the front of the store books are available for purchase. Todays guest is professor Ganesh Sitaraman who teaches law at vanderbilt law school. Professor sitaraman worked as an advisor to Elizabeth Warren for the 21st century run and served as a genetic counselor in the senate. Additionally, he is a senior fellow at the center for american progress. Professor sitaraman is a to talk less news book, the public option how to expand freedom