it is 10:00 and good morning, everyone. the hearing will come to order. welcome to the committee on the budget s hearing on oversight of the congressional budget office. this hearing will focus on cbo s organizational and operational structure. it is the first of five hearings that the committee plans to hold regarding oversight of the congressional budget. the goal of today s hearing is to learn more about cbo, which was created as part of the congressional budget and impoundment act of 1974. for decades, this agency s primary function and duty has been to assist congress in the federal budget making process by providing cost estimates, economic analysis, working papers and other insightful publications. members of the house and senate budget committees rely on cbo as an objective, impartial resource when writing budget resolutions. the agency also plays a key role in advising this committee as it enforces budget rules. without question, there are dozens of fine men and wome
it is 10:00 and good morning, everyone. the hearing will come to order. welcome to the committee on the budget s hearing on oversight of the congressional budget office. this hearing will focus on cbo s organizational and operational structure. it is the first of five hearings that the committee plans to hold regarding oversight of the congressional budget. the goal of today s hearing is to learn more about cbo, which was created as part of the congressional budget and impoundment act of 1974. for decades, this agency s primary function and duty has been to assist congress in the federal budget making process by providing cost estimates, economic analysis, working papers and other insightful publications. members of the house and senate budget committees rely on cbo as an objective, impartial resource when writing budget resolutions. the agency also plays a key role in advising this committee as it enforces budget rules. without question, there are dozens of fine men and wome
director keith hall testified before the house budget committee tuesday about his agency s history, organizational structure, and responsibilities. he also answered questions from republicans about their attempts to repeal the affordable care act last year. it is 10:00. good morning, everyone. the hearing will come to order. welcome to the committee on the butts hearing on oversight of the congressional budget office. this hearing will focus on cboest organizational and operational structure. it is the first of five hearings that the committee plans to hold regarding oversight of the congressional budget. the goal of today s hearing is to learn more about cbo, which was created as part of the congressional budget and impoundment act of 1974. for decades, this agency s primary duty and function has to assist congress in the federal budget making process by providing cost estimates, economic analysis, working pain ersz and other in sight you will publications. members of the
government continue to expand. the projects continued during that year s, you had democratic congress is before those here so when you have a republican president with the democratic congress it tends to perpetuate. reagan halted that. there s an interesting argument about how much he reversed it. he did not really shrink government. the federal government was about the same size when he left office when he was elected. the government stopped growing. he gave rise to a movement that still holds to his fundamental belief that is the modern conservative movement. i think you could argue that since 1980 we have been living in the age of ragan. just as republican presidents were republican presidents in a liberal in a liberal area before that the democratic presidents have been democratic presidents in a largely conservative era since then. i think changing the direction of government, challenging the role of government, stopping the growth of expansion of government and the way
derailed. that s about 45 miles west of fargo. smoke can be seen up to 20 miles away. residents within five miles of the fire have been evacuated and urged to evacuate, rather, and residents within ten miles have been told to stay indoors. both trains are owned by berkshire hathaway s bnsf. no injuries so far have been reported. we should say the fire will likely raise some concerns, though, about the increasing volumes of crude that are shipped by rail. right now, more than two-thirds of the state s oil production is shipped by rail. we re going to go to michelle with more of the top news stories. happy new year. it s nice to ring it in with you, andrew. it s very nice to be here. warren buffett s berkshire hathaway is buying philipps 66. berkshire reported owning about 27.1 million shares of philips 6/6 at the end of september. that stake is worth just over $2 billion. a phillips 66 filing said it would be getting 19 million of those shares in explaining for the speci