She is protesting her innocence and vowing to appeal. The head of the National Monetary fund responds after prosecutors say they will put her on trial for negligence over a multimillion dollar state payout. First, warring factions in libya have today agreed to come together and form a new unity government. This, after more than four years since the overthrow of muammar gaddafi. Neither of the governments are totally happy with the deal, however. It has come about after weeks of intense pressure from united nations. Deal means for libya and why there are still plenty of question marks over the countrys future. Reporter a sign of hope following deep division, a deal to form a unity government. From today, the agreement puts in place a single set of ,egitimate institutions essential Building Blocks towards a peaceful, secure, and prosperous libya. Herine four years reporter four years after Muammar Gaddafis fall, libya remains divided. The fragmented Political Landscape has allowed the Is
Like, senator . R d, were in the process of producing a chart book of federal investments and some of the private sector investments as well. In terms of development, there is often a great deal and growth in private Sector Development but in the more basic forms of research. That is the sort of output for the economy that the private sector will tend not to do enough of. That is really a responsibility for the federal government to support that sort of basic research. Ill run through the list of those of you who know will know. Thank you, mr. Chairman. In listening you to, it really is striking to me we have a short term challenge that is different than long term in some ways. And the good news is weve actually begun to tackle long term and have been put in place the yearly deficit coming down by half. Good news. You talk about growing the economy and being smart not reckless in what were doing. When we look at that, it seems to me a good way of summing up is youre not going to get ou
Very high and is persistent and woringly so in terms of the human cost and the long term cost for our economy. You testified before that not all cuts are the same. And that there are some ways in which we are cutting that are hurting our long term competitiveness. They produce longer term reductions in our capacity and that we should be prioritizing things that will accelerate growth, that we should not be simply trying to get through this difficult fiscal time in a way that focuses on austerity. We should be investing in a way that sustains growth. What types of policies in your view could both help accelerate growth and do so in a way that would deal with long term unemployment . And what are the budget airy implications for long term unemployment . The first part of your question, senator, of all nondefense Discretionary Spending, half represents investment of some sort about 20 of nondefense Discretionary Spending is investment in physical capital such as highways. Another 15 is go
The committee will come to order. Everybody can take their seats. Andorning, everyone, welcome. I want to thank senator murray and the entire committee. Patti and i have been talking. We are discussing the parameters of an agreement. We are not there yet. There is a big gap between our two budgets and case anyone has noticed. That is why we are talking. The reason why we are here is to get an agreement. We spent a lot of time talking about our differences. We got that part down cold. The hard part is skittering out where we agree. I am not going to start the hard part is figuring out where we agree. I will start with dr. Elmendorf. He will give us the longterm Economic Outlook. I will recognize any member for two minutes or for discussion or to ask a question. People can be recognized more than once if they choose to do so. We intend to adjourn at noon. With that i would like to recognize senator murray before we recognize dr. Elmendorf. Thank you to dr. Elmendorf for being here today.
Tightening monetary and financial conditions have sparked financial sector turmoil, with an increasing risk to market stability, the IMF’s Financial Counselor Tobias Adrian said today in Washington, DC. But the chief of the Fund’s Monetary and Capital Markets Department said so far, those risks have been contained. IMF