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Calling being present, the subcommittee on health labor and pensions will come to order. Good morning and welcome to todays subcommittee hearing on the financial challenges facing the Pension Benefit Guaranty Corporation and more importantly the impact to workers and retirees, George Miller was a proud liberal lion of this committee. While we very often disagreed, the years that i served with him on this committee, i admired his commitment to ensuring americans have the ability to retire with dignity. In 2014, he worked with john kline, then our chairman, to try to solve a real problem. A retirement system on the brink of collapse. They put politics aside, worked with employers and labor unions and negotiated a set of reforms to the multiemployer Pension System in order to provide benefits for millio ....
About wilbur mills. Mills told me that by the end of this week, he thought he would have something in shape to come down and discuss with you that he could present in the way of a packet that could be of interest. I told him i had read some articles lately that were a little bit disturbing that indicated something that was happening on the medicare and, indeed that, well, you know better than to the attention to those stories, and i said, i agree with you, wilbur. I just wanted to be reassured and he said, you know you cannot Read Everything you want, and this bill ultimately it has to have the mills stamp on it, and i said well, the president s view is that whenever you want to talk to him, that door is just wide open. He is happy to see you, and he said you just tell him again, as i told you lately last week that just as soon as i am ready to sit down and be able to present think to him that i could spell out that would make so ....
George h. W. Bush. And he was the only republican. He was the only republican. Who came that day. And i always thought it spoke so well of both of them. It did. It spoke well of both of them. Folks, we have to stay on the clock. One thing i learned in television, i know how to get off on time. Thank you very much. You have a great day coming up here. [ applause ]. On our next washington journal, Gretchen Morgenson joins us. Looking at some of the shortcomings of the home loan modification program, which was set up to help homeowners struggling to make their mortgage payments. Then Susan Carlson of the Minnesota Organization on fetal alcohol syndrome about a new study examining drinking and drug use among pregnant teenagers. A after that, john jackson of C ....
Instructions well get licked on that too. The only judgment i can make at this point is that mills will certainly try every device he can to get an agreement on a conference that would include king, reluctant as they might be because hed hate like hell to be on the house side of a conference where he and two republicans vote against two democrats to come out with a conference report. And geez, he starts ill speak some business right now. You talk to ill talk to you as soon as i get out of these independent businessmen. My thought would be that if we could get mills to agree that we would take it in confidence that would be fine. If not i would try to instruct the conferees. No, at the moment i share that view. But i do think this, that with the stories around the country today, weve got something going on this damn thing. And god almighty, i hate to see that leadership join with mills as some kind of a wrapup that screws us quickly. Well, i dont think they will until we decide it. All ....
Days, brexit, and global banking. This is bloomberg surveillance. Im Francine Lacqua in paris. Mark barton is in london. Im here at the j. P. Morgan Global Markets conference and we have some great guests lineup. Where going to speak to alain minc. We also have jeanClaude Trichet , former president of the ecb, and we also speak to the publicis ceo. We are the focus on france. I know theres a lot going on in the markets. Tell us about it, mark. Mark counting down to the culmination of that meeting. Stocks are falling for the second day in europe. Ive looked at the last 10 days. They are down for seven days in 10. Europes benchmark 0. 2 lower. The euro is up against the dollar. Earlier it was falling. Ahead rebounded slightly of that ecb meeting. I think the data point to watch today is the u. S. 10year yield. 2. 58 . The ....