Good morning. So this meeting will now come to order. Today the subcommittee is holding a hearing entitled oversight of doe, during covid19 pandemic. Members will be participating in todays hearing finally in person or remotely via video conferences. And just as a reminder weve had some technical difficulties in making sure that our remote video was operating up to standard. As part of this hearing, the microphones of members participating remotely will be set on mute for the purpose of eliminating inadvertent background noise. Members participating remotely will need to unmute their microphones each time you wish to speak. For members and witnesses participating in person, i encourage you to wear your mask whenever you are not speaking. Dr. Monahan, our physician, stressed in attending physician covid19 guidelines that use of face coverings is meant to protect other people in case someone was unknowingly infected and does not have symptoms. But wearing our mask when we are not speakin
Good afternoon. I call this meeting of the committee on appropriations to order. Before we begin, house rules now we have set up any mileage us to which members can send anything they wish to submit they wish to submit in writing in any of her hearings or markups. Our hearings or markups. Has been provided to staff. The first order of business is consideration of the energy and Water Development appropriations bill. For fiscal year 2021. Captornow recognize this ms. Captor to present the bill. Please let me also add my you for your honorable and dedicated service to our community and nation and for your recognition of the full potential of this bill. You will truly be missed. I am pleased to consider the energy and water bill today. It is a good bill. A bill that captures the spirit of ingenuity and independence of the American People. Are actually able to provide the most important Climate Change bill congress will pass this year. This bill provides the foundation of critical investme
Test. Test. Test. Test. Test. Test. Test. Test. Test. Test. Test. Test. Test. Test. Test. Test. Captioning performed by vitac there are some well known differences in the current economic environment compared to past environments that make the yield curve a little less of an indicator. The probabilities are pretty high. If you take the unjusted measure, and the other financial variabilities, a year from now, the Second Quarter of 2020, the probability of recession is roughly twothirds. If i make an adjustment, its still high, its not far away. The shaded bars represent recessions. Every time this measure goes over 40 , weve had a recession. And theres a lot of more fundamental reasons to be a little nervous about whats going on out there and why recession risks are high. If you look globally, a number of Major Economies are already in recession or pretty close. Germany, italy, the uk, brexit is complicating things for them. Mexico, brazil, singapore, its small but most open economy on
The United States. A federal state utility collaboration. This is a little bit of a different topic for usc a, but one that we are very eager to have a conversation about and im hoping that this will be the first of a continuing conversation because the matters that were going to address this afternoon are taking out of the degree of urgency. Always been urgent what i think myself that urgency is growing so thank you for coming we have an excellent panel here today. For our discussion. We hope to have audience participation as well. Monitoring in todays session is our luck. Mark will provide the discussion and moderate the discussion in the need for Energy Assistance. He is an economist, and is an expert on local and Regional Energy and housingfinancing. He is consulted regularly for federal, state foundation and nonprofit agencies. Hes experience at testifying before congress and he is the executive director of the National Energy assistance Directors Association and the Energy Progra
Good afternoon and thank you for coming. My name is siri worthington, executive director of the United States Energy Association and this is a us ea briefing on addressing Energy Poverty in the United States, a federal state collaboration. This is a little bit of a different topic for your sca. But one that we are very eager to have a conversation about and im hoping that this will be the first of a continuing conversation. Because the matters that were going to address this afternoon are taking on a degree of urgency. It always been urgent but i think myself that the urgency is growing so thank you all for coming. We have an excellent set of panelists here today. Or our discussion, we hope to have audience participationas well. Moderating todays session is mark will, mark will provide the discussion and moderate the discussion forthe need for Energy Assistance. He is an economist, and is an expert on local andregional energy and housing financing. He is consulted regularly for general