To participate in another proceeding please exit this one and like back in later. Any that a member encounters technical issues that prevent them from being recognized from their questioning i will move to the next available member of the same body and will recognize the member of the next appropriate timeslot provided they have returned to the proceeding. In the event the witness loses connectivity during testimony or questioning i will preserve their time as staff address technical issue. I may need to recess the proceedings to provide time for the witness to reconnect. Finally remembered to remain muted until you recognize to minimize background noise. Over the last few months the outbreak of covid19 has led to an unprecedented Public Health crisis and creating a dire economic crisis for small firms. Three out of four businesses are experiencing a decrease in revenue and over half of Small Businesses are concerned about being forced to close. Small businesses across the Food Supply
In light of the attack from the invisible enemy, as well as the need to protect the jobs of our Great American citizens, i will be signing an executive order to temporarily suspend immigration into the united states. So far the white house has not offered any more details. The pandemic has already been almost all of these put on hold now for weeks. President trump also said he is hoping the senate will vote tomorrow on a bill to replenish the Paycheck Protection Program to help struggling businesses. Those funds ran out last week. The new stimulus package is expected to provide another 310 billion in loans. As well as money for hospitals and virus testing. And an unheard of development as Oil Prices Fell into negative territory, as demand dries up it is causing a huge threat on oil and Storage Facilities around the world are at capacity. Marathon oil is closing its east bay refinery amid the historic plunge in prices. The data from San Jose Police reveals overall crime in the city is d
Director and get his take on democratic impeachment efforts as well. The rise of the robots. Nobody denies consequence, but what about the jobs, guest and essence of human life . We have a special segment you wont want to miss. The winners and losers of this week. That and more on making money. Charles new changes too the snap program formerly known as the Food Stamp Program will have work requirements. They are raising a lot of concerns how effective the Government Assistance Program will be if there is another economic downturn. The Trump Administration tightening requirements who receives food aid. The outrage is building. Some headlines out there today. Americans in cold weather states will suffer. 3 Million People could lose food stamps. Another actually calling it immoral and coldhearted. Here to break down the new plan is White House Budget Office acting director russ vought. Thank you for having me charles. Charles media says this is heartless and and cruel to the most vulnerab
The hearing will come to order. Thank you for coming to the committee today to testify. We know you are on a tight schedule and in order to keep you on schedule and ensure all members have an opportunity to ask questions i ask unanimous can send members will be recognized during the question and answer session for three minutes. Without objections ordered in the Ranking Member and i will be recognized for five minutes during the question and answer sessions. Without objections ordered we will both be recognized for three minutes and they will now yield myself threeminute but once again thank you for being here its been seven years since the chair of the Federal Reserve has appeared before this committee and we are very grateful for your being willing to do that i want to make sure that we support the independence and the repeated attacks are unacceptable and dangerous. I look forward to hearing the testimony and discussing Opportunities Congress and the fed have to support the workers
The Ranking Member and i will be recognized for five minutes during the question and answer sessions. Without objections ordered we will both be recognized for three minutes and they will now yield myself threeminute but once again thank you for being here its been seven years since the chair of the Federal Reserve has appeared before this committee and we are very grateful for your being willing to do that i want to make sure that we support the independence and the repeated attacks are unacceptable and dangerous. I look forward to hearing the testimony and discussing Opportunities Congress and the fed have to support the workers and to foster a healthy sustainable economy that works for all americans and with that i will yield to the Ranking Member. It is an honor to have you before this committee as the chairman of the committee has said its been many years since the researcher man has been here and now we are delighted to have you. I will submit my opening comment for the record so