Been a kia or toyota. Walter perez, channel 6 action news. Okay walter thank you. We have on the verge of day eight of the heat wave across the Delaware Valley with temperatures expecting to top out in the 90s yet again in philadelphia. Lets go outside looking live now. This is cape may, new jersey, the current heat wave is expected to stick around and we could see highs in the 90s through the weekend. Meteorologist, adam joseph, is in now for cecily. You have the details at the action news big board. Mid80s drier air north of philadelphia, allentown and reading and lancaster, 85 degrees, for three consecutive hours now we were sitting at 89 degrees in philadelphia, well let you know if we continue the heat wave of 90 over the next half hour. The heat wave continues in southern new jersey and delaware where we hit 90 plus degrees and 94 now at the Atlantic City airport and 90 in beach haven, no sea breeze at the shore and the drier air that moved in from the north and parked itself nea
The committee will come to order. Todays hearing is on president obamas budget for fiscal year 2017. I particularly want to thank secretary lew for providing for appearing before us this morning and providing his time for us. While there are some hints about some of the details in advance, Congress Officially received the president s Budget Proposal yesterday. And as has been the case particularly under this administration, what we received was not a practical vision for the future. Weve going to have to have order here. As has too often been the case, what we received was a not a practical vision for the future but designed to sewuency constituencies. He looks to raise taxes on hard working americans, including some special new regressive taxes that are being packaged as, quote, fees unquote. With all the revenue going to fuel expanded government and spending that is being sold to the public as, quote, investment, unquote. No matter what terms people want to use, this budget once agai
Managed to be in default on small bond issues by doing things almost unthinkable in terms of financial management. When you talk about prematurely emptying out Pension Funds to pay bondholders, that is not something you do if youre not already bankrupt. When you talk about taking money dedicated to one bondholder and shift it to pay another bondholder, that cant go on for very long. I cant tell you at what point they run out of those extraordinary and very unhealthy kinds of tools but it cant go on forever and restructuring authority has to be in place enough in advance to restructure to meet may and july as they come. So i think the First Quarter is a meaningful period if the deadline, the speak et set for the house to act is very important. We are willing to work with everyone and anyone that approaches us with the intention of solving the problem. We know that there is going to have to be oversight with restructuring. I do believe doing something on the medicate reimbursement is imp
About the president s 2017 budget. He answered questions about puerto ricos debt crisis, tax code reform and a proposal for a new tax on oil. This is two hours, ten minutes. The committee will come to order. Todays hearing is on president obamas budget for fiscal year 2017. I particularly want to thank secretary lew for providing for appearing before us this morning and providing his time for us. While there are some hints about some of the details in advance, Congress Officially received the president s Budget Proposal yesterday. And as has been the case particularly under this administration, what we received was not a practical vision for the future. Weve going to have to have order here. As has too often been the case, what we received was a not a practical vision for the future but designed to sewuency constituencies. He looks to raise taxes on hard working americans, including some special new regressive taxes that are being packaged as, quote, fees unquote. With all the revenue
Way. Yesterday we made progress advancing two of the major components of the u. N. Resolution. The trucks are lined up. The permissions are being granted. They should flow today or tomorrow. In the wee hours of friday morning, we agreed that the sustained delivery of humanitarian aid will begin this weekend. First to the areas where it is most urgently needed, then all those in need throughout the country, particularly in the besieged areas. The u. N. Has said that the trucks are loaded and ready to go. We established a task force which has met already for the first time in a geneva, and will report regularly on the progress to guarantee the delivery of this aid. The issg also agreed to implement a nationwide cessation of hostilities to begin in one weeks time. Why a week . For the simple reason that the modalities have to be worked out. And people have to be communicated to in order to not have it start with failure. This will apply with any and all parties within syria, with the exce