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Not my first trip. Ive been to the border many times. This important aspect of this visit is having this visit after the work we did in guatemala and mexico. I said back in march i was going to come to the border. This is not a new plan. Harris however, critics are asking if this is too little too late. The Vice President finally went to the border 93 days after President Biden named her point person on the migrant crisis as i mentioned. Leaders in both Political Parties say Kamala Harris is avoiding the real trouble area. When it comes to the numbers encounters with people flowing in illegally has surged by nearly 450 in the el paso sector in the first part of this year. Thats bad. But thats certainly not the real epicenter of what were seeing. In the rio grande sector the numbers are up 700 . In fact, the texas Lieutenant Governor dan patrick is calling what he is seeing an invasion at this point. It is an invasion. I know people dont like that word. Some people dont like it but its ....
We will receive testimony from the secretary of the check treasury as required under title iv of the cares act congress has appropriated 3 trillion to protect to fight the pandemic and to stabilize the infrastructure of our economic system. A large portion of this funding is from the title iv of the cares act which has significant resources for loans and loan guarantees and other investments from the Federal Reserve with the emergency lending facilities in the states and municipalities and tribes. The title iv provided 454 billion as the infusion into the Stabilization Fund to support the emergency lending facilities that facilitated the qualities to support eligible businesses, states, local governments and tribes. And to be authorized under section 13 and to stabilize those markets but the Federal Reserve announc ....
Balance of opening our business, but they will only be as successful as the Customer Confidence that is there to patronize those businesses. That is not just for the hospitality. That is true for all business. Retail has been the hardest hit. My understanding is over 2 of businesses have closed permanently already. How are we to address this Consumer Health issue . I know this is something you have talked about. What should we be doing . Chairman powell it affects different sectors of the economy differently. The ones we talked about are the ones we are exposed to. Other sectors of the economy may be able to recover much more quickly, and we certainly hope so. Thing is people believing it is safe to go back to work. That is about having a sensible, thoughtful reopening of the country, something we all want. Something we are in the early stages of. That is what it will t ....
Take some time for public to regain confidence and adapt to the new world and start traveling, taking vacation, going to restaurants and things like that. Im glad you brought that up. Thats one thing we havent talked about was this notion that when we looked to open our businesses and i think we all in a bipartisan way, thats what we want. We have to find this balance, opening our businesses in general. Theres only going to be as successful as the Customer Confidence that is there to patronize those businesses thats not just true for the Hospitality Industry thats true for all businesses i do know that the service and retail has been hardest hit business and my understanding that some of the data ive seen over 2 of those businesses have closed permanently already how are we to address this Consumer Confidence ....