Comptroller of the currency, the Senate Banking Committee Received a 6month update on the state of Banking Systems, the impact of covid19 and support for Small Business owners in communities of color. This runs an hour and 45 minutes. Today we welcome to this virtually hearing the federal prudential regulators, Federal Reserve vice chairman Randal Quaries, office of the comptroller, brian brooks, chairman of yellen and mcwilliams, chairman of the National Credit administration rodney hood. We will receive testimony from each agency on efforts, activities, objectives and plans since we last testified before the committee. As well as an update on covid19 related actions. Since the passage of the coronavirus a relief and Economic Security act or cares act your agencies have taken many meaningful steps to ameliorate the Economic Impact of the pandemic as you provide conditions that will lead to a forceful recovery. On october 30th the Federal Reserve announced changes to its facility inclu
With more votes now counted, absentee and early ballots have dramatically shifted the lead in several battleground states from President Trump to joe biden. As we come on the air tonight, cbs news is now projecting that joe biden has won the pivotal battleground state of michigan, along with its 16 electoral votes. The former Vice President is also the presumptive winner in has 10in, which has ten electo electoral votes, though the Trump Campaign has already filed for a legal recount. Tonight, both campaigns say they are confident they see a route to the white house. Though mr. Biden said he would not declare victory until all of the votes are counted. Overnight, President Trump falsely said he had won the election, and would go all the way to the Supreme Court to stop ballots from being counted, a legal option he does not have. Now, the president is already heading to court tonight, trying to stop the vote count in pennsylvania. And while the results from tuesdays election are not cle
Experiencing unprecedented declines in activity. Although the remains considerable uncertainty about the economy, we know that the Banking System has served as a source of strength throughout this period. They have supported their customers and committees by pppinating 500 million in loans. The Banking Systems ability to support the economy reflects the Industries Strong capital and liquidity position. In the Second Quarter of 2020, Equity Capital increased to more than 2. 1 trillion, which 13. 4 . Ted to highervels were slightly than the quarter preceding the pandemic. Taken meaningful action to provide banks while maintaining safety and soundness. I will provide an update in five areas in which we have made significant progress. Supporting communities in need, encouraging outstanding loan making. I would like to briefly touch on each of those, starting with our response to the Economic Risks related to covid19. We undertook a series of actions that helped maintain stability in financ
Hi, everybody. Thanks for joining us today, it is a slow news day in the republican conference. I want to start by talking about what we focused on in our conference this morning. And that is as we are debating all the big issues that we face here day in and day out in terms of legislation, and we will hear from mrs. Granger about some of that, it is very important to us all to remember and keep in mind what is at stake in this election. What is at stake, what america would look like under biden, pelosi, schumer regime. Biden and pelosi and schumer if we are successful in keeping the senate, which we must be, would ensure that the United States is not able to recover from covid for decades. We would see increase taxes, new red tape, we have seen efforts already to kill medical innovation, to expand Government Authority over every aspect of our lives, to expand Government Programs had that have been put in place for the emergency of covid, far beyond the emergency. Well see taxpayer fun
And fighting about the virus. President Trump Doubles down on his criticism of dr. Anthony fauci. Plus hear the Emotional Message from one father who survived the coronavirus. First, heres todays eye opener. Its your world in 90 seconds. Ill be right eventually. I will be right, eventually. Its going to disappear. Ill say it again. Does that discredit and ill be right. Coronavirus continues to ravage the states where it has run rampant for weeks. When youre in the middle of a pandemic and you try and deal with it, there isnt anything worse that you have as someone who doesnt care about the science. The deadly attack on the family of a federal judge just days after she was assigned to a case involving jeffrey epstein. President trump weighing in on federal agencies response in portland. The president has a complete misunderstanding of cause and effect. I think mailin voting is going to rig the election. You will accept the election . I have to see. Look, i have to see. No, im not just g