Pro forma session, we do expect Mitch Mcconnell to ask unanimous consent to pass the latest Coronavirus Relief measure. Reports are that ideal has been reached on nearly 500 billion for Small Businesses, hospitals and further covid19 testing. The House Majority leader says members are ready to return to the capital quickly to pass the measure. Likely by the end of the week. Take you cliff and after the senate floor on cspan2. The presiding officer the senate will come to order. The clerk will read a communication to the senate. The clerk washington, d. C, april 21, 2020. To the senate under the provisions of rule 1, paragraph 3, of the standing rules of the senate, i hereby appoint the honorable daniel sullivan, a senator from the state of alaska, to perform the duties of the chair. Signed chuck grassley, president pro tempore. Mr. Mcconnell mr. President. The presiding officer the majority leader. Mr. Mcconnell i ask consent to be recognized notwithstanding the order for a pro forma s
Mr. Mcconnell so, mr. President , earlier today, leaders in both chambers and the administration reached a bipartisan agreement to supplement the historic cares act. At the core of our agreement is 320 billion more for the paycheck protection program, which is already saving millions of Small Business jobs and helping americans get paychecks instead of pink slips. Mr. President , this is even more money than we had first requested a while back. In the intervening time and at our request, this new money puts a special focus on Community Banks and credit unions. Separately, thanks to the hard work of senator collins and senator rubio, the bill supplies 60 billion for additional Economic Injury disaster loans, and because of senator roberts, senator daines, and our other colleagues from rural states, it will be clear that farmers and ranchers will be eligible as well. Senate republicans wanted more funding for americans paychecks nearly two weeks ago. Before the program even shut down. Bu
Mr. Mcconnell so, mr. President , earlier today, leaders in both chambers and the administration reached a bipartisan agreement to supplement the historic cares act. At the core of our agreement is 320 billion more for the paycheck protection program, which is already saving millions of Small Business jobs and helping americans get paychecks instead of pink slips. Mr. President , this is even more money than we had first requested a while back. In the intervening time and at our request, this new money puts a special focus on Community Banks and credit unions. Separately, thanks to the hard work of senator collins and senator rubio, the bill supplies 60 billion for additional Economic Injury disaster loans, and because of senator roberts, senator daines, and our other colleagues from rural states, it will be clear that farmers and ranchers will be eligible as well. Senate republicans wanted more funding for americans paychecks nearly two weeks ago. Before the program even shut down. Bu
President trump. We have live too capitol hill on the breaking stories and allstar panel. All that and much more on making money. [. Charles markets opened much lower. They began to slowly climb higher after fed chair Jerome Powell testified the Federal Reserve optimistic about the u. S. Economy. The fed likely keeping Interest Rates unchanged this coming months. The dow coming down moments ago, neil just mentioned this, on reports china talks hit a snag how large those foreign purchases will be. I want to go to edward lawrence. He is on capitol hill. With more on powells testimony. Edward . Reporter charles, Federal Reserve chairman Jerome Powell says Monetary Policy is in good place. He signaled there would not be a rate cut in december unless data comes in weaker than they thought. There were a lot of questions from representatives on the committee, about the federal funds rate if there is enough room to handle next downturn or recession. Historically they need five point to handle
For seniors and people who are disabled or blind. Benefit levels were last updated in the 1980s. I call this meeting to order. Senator young, thank you, Ranking Member of the subcommittee, for working with us to schedule this hearing. I appreciate the professionalism and confidence of your staff and my Office Working with all of you is really helpful. Thank you to chairman whiting for being part of this, the efforts to protect and strengthen this critical part of our Social Security system. Todays hearing on supplemental security income, ssi, is long overdue. This is the first hearing in the finance committee since 1998, before i was in the senate, for sure. That would be almost a quarter of a century. Theres not been a hearing in congress specifically about increasing benefits and eligibility since the reagan administration. In fact, that 1987, the last year or so of the reagan administration, in 1987, ways and means hearing called ssi, quote, the forgotten safety net. It was a fittin