Test captions Copyright National cable satellite corp. 2008 mr. Willis, as a project thatle will have a ripple effect, can you speak to the impacts gateway will have on your members as well as the importance of having federal engagement on transportation projects that have an Economic Impact . Thank you, senator. What i can add is a couple things. When you talk to our members who have to operate the trains through the tunnels, maintain the signal systems, electrical systems, tracks themselves, they tell horror stories. We have a problem on our hands. You know the economic consequences of shutting down the tunnel, reduce capacity by 75 , but our members will tell you there is a real problem right now going on in there that needs to be addressed. We were hardened the administration changed the rating for portal bridge north, disappointed they did not do the same for the tunnel itself. The costs recently has been reduced by 1. 4 billion. Amtrak is kicking in several hundred extra million
Gone the worst week for the markets since the financial l crisis back in 08 and the quickest move from record high to correction a 10 drop in the history of the s p 500. Thank you and welcome to power lunch. Team coverage of this coronavirus induced sell off continues. Meg is breaking down the latest news on the outbreak bob is tracking the volatility Rick Santelli is in chicago watching the yield curve and Steve Liesman is here on the pressure facing jay powell and the fed. Meg . The virus has now reached more than 40 countries with total case numbers worldwide topping 82,500 and more than 2800 dead. The World Health Organization telling every country to be prepared, citing the virus quote pandemic potential that includes being able to detect cases early, isolate t m them, trace their cats and provide quality clinical care. Saying people need to have the right information, including what the disease looks like. In 90 of cases, its a fever and in 70 , a dry cough. Typically not a runny
The committee will come to order. Todays hearing will focus on the reauthorization of the vast act, the nations current surface transportation bill, that is embers decembers on september 30th. We will hear the perspective of key stakeholders. A long term reauthorization bill is critical to providing the certainty and stability that transit agencies, cities and states across the countries need to make responsible Transportation Planning decisions. Public transportation plays a key role in our nations economy, there are over 430,000 workers employed in Public Transportation in the united states, transit provides approximately 33 million trips every day, taking Many Americans to and from work, school, and medical appointments. And not just in big urban cities, but also in small, rural areas. However we find ourselves at yet another service says petition authorization is the most significant issue that needs to be addressed. In order to address a comprehensive, long term reauthorization bi
The committee will come to order. Todays hearing will focus on the reauthorization of the vast act, the nations current surface transportation bill, that is embers decembers on september 30th. We will hear the perspective of key stakeholders. A long term reauthorization bill is critical to providing the certainty and stability that transit agencies, cities and states across the countries need to make responsible Transportation Planning decisions. Public transportation plays a key role in our nations economy, there are over 430,000 workers employed in Public Transportation in the united states, transit provides approximately 33 million trips every day, taking Many Americans to and from work, school, and medical appointments. And not just in big urban cities, but also in small, rural areas. However we find ourselves at yet another service says petition authorization is the most significant issue that needs to be addressed. In order to address a comprehensive, long term reauthorization bi
Secretary Steven Mnuchin on the u. S. Economy and Financial Stability. He talks about Digital Currency, World Bank Lending at the potential impact of Climate Change. Ready to go . The committee will come to order. Without objection, the chair is authorized to declare a recess of the committee at any time. This hearing is entitled promoting stability, reviewing the administrations regular approach to Financial Stability. I want to inform all concerned that this meeting will end at 1 p. M. Per the request of the secretary. I now recognize myself for four minister give an opening statement. So let me welcome back secretary mnuchin. Today we are here to discuss the Trump Administrations actions that have undermined and not promoted our nations Financial Stability. As ive said many times before, i am very concerned about this administrations actions to eliminate important protections for consumers, investors and our economy. It appears that our banking regulators are following that te dereg