2008. Now, its expected to happen again, just eight years after the catastrophic flood. Flood. There is a lot of information to get to but we want to start with these very important points. Major flooding is now forecast along the cedar from waterloo, to vinton, palo and cedar rapids. Rapids. Right now, the river is . Not . Expected to reach levels seen in 2008. 2008. But, there could still be in 2008 by there could be major homes and businesses. We will have more on the preparations in the corridor and the flooding happening up stream. We begin with meteorologist terry swails and he has the latest river information. This situation has been brewing for several weeks. We have seen round after round of heavy rain uppercrust northern iowa. Last night with rains up to 10 and floyd county this has gotten out of hand. The cedar river will be a big issue starting its way north and going south. Here in cedar rapids we are expecting the crest at 24. 1 feet and i would come sometime late monday
Chaired by texas republican jed henserling. Committee members expected to ask about the feds Interest Rate policies such as when the next rate hikes are coming and how many there will be. Since the december rate hikes, stock markets have fallen and Energy Prices dropped while china and russias economic problems continue. This is live on cspan3. Should start in a moment. Committee will come to order. The chair can declare a recess at any time. This is to receive the semiannual testimony of the chair of the board of governors of the fed reserve system and the state of the economy. I now recognize myself for three minutes for an opening statement. Last month weal all heard president obama attempt to take an economic victory lap in his state of the union speech but the American People are having none of it. They are tired of hearing from out of touch ruling class in washington just how good things are when their realities are vastly different. So chair yellen, not with standing the fact th
We saw nothing but sunshine but today were tracking showers. Some scattered light showers at the shore. Thats the beginning. This is whats going to come through during the day. Showers, light showers, a band of them crossing pennsylvania moving through western pennsylvania right now, those light showers could be here by midday. We do have some clouds already this morning. So temperatures are up compared to yesterday morning. 50s and low 60s, dover at 60, 61 at philadelphia international, trenton is 55. The wind is calm, the skies are going to be clouding up this morning. That will lead to scattered showers. But certainly not an allday rainfall. 59 at 6 00, by 9 00 well see mostly cloudy skies, 63. Then up to 70 with some scattered light showers at lunch time today. Hour by hour future cast when im back. Jessica boyington has your first alert traffic. We deal with ongoing construction in the morning hours. Usually picking up between 5, 5 30 or 6 00 in the morning. Our big one so far the
Back in ten minutes. Jessica boyington is watching the traffic. And bill, were checking in with new jersey roads. Construction lifted out of the way. Right around the deptford area at route 41 you can see a 5minute drive time. No problems at 55 to the walt whitman bridge. Here headed northbound so if youre heading to the philadelphia area or you have to get to 295, youll have no problem from the 42 freeway right now. Also watch out abington for an accident on Meeting House road and devon road. And ongoing construction on the ben franklin parkway between 21st and logan. The inner drive between 21st and logan square has the right lane closed. Youll be fine. As far as drive times, still no problems, starting to see a little increase on 95 southbound, thats usually about a 13minute trip. Still a little early for that. The schuylkill and the blue route are okay so far. And ill have more in drive times when i come back in the next 10 minutes. Following breaking news this morning. And police
Currency as they do for virtual currency. He also said that the banks better capitalized and more stable than they were. Google and apple are urging the legislation to curb nsa surveillance. The clock is ticking to get this done before republicans take control in january. Many republicans are staunch supporters of the surveillance program. The ceo says the Solar Power Company has seen a growth rate for each of the last eight years. Thepoke about disrupt tang business. The utilities do not like it that much. They would prefer the captain to not have any other choice. If you can maintain a monopoly, you can maintain your pricing. Te the committee the committee is chaired by his cousin, elon musk. Toms as stake in aol a comes as yahoo announces possible combo with aol. The fund bought 1. 9 2 million shares of aol during the third quarter. Now to our lead. Alibaba has raised a record 25 billion in its September Ipo and just sold 9. 3 billion worth of goods ons in a single day, thethey are