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To limit debate on the nomination of judy shelton for Federal Reserve board. Three republican senators have announced opposition to her confirmation, and the vote is expected to be tonight. That vote is scheduled for 2 15 eastern time when senators return frotheir weekly party meetgs. The chaplain let us pray. Mighty god, help our lawmakers to not put their complete trust in mere humans who are as frail as each breath. Instead, give them the wisdom to totally trust you to guide them in doing what is best for our nation and world. Lord, remind them that eventually all will be well for those who pursue godliness, and that you reward those who diligently seek you. May they remember that you will judge their work and reward their faithfulness, for they are accountable to you. Inspire them to continue to plant and water the seeds of peace, knowing that a bountiful harvest will surely come. Keep their motives pure as they seek to glori ....
We should not lose sight of what that means for people who are still struggling and the fact we still have a very deep hole to climb out of. The socalled [inaudible] workers at the low end distribution hedonic options to work from home and federal health is already fading away. Nasa been said about what this means for cities and as we see hollowed out downtowns with your workers coming in, buying lattes and what 115th congress has called any service that depends on a smile what does that mean for city revenues . One estimate suggests especially in high rent districts, employment is still at 45 of precovid levels. We arere about to explore the sinks a bigger graph of blog, my colleagues have a blog looking at what this means for cities and look at how really depends on state revenue structure, well exposure to covid as as the highly uncertain federal policy response. If i could get the next slide, please. There we go. The point of a blog is really going into this were a lot of things we ....
Cities krs the u. S. From the urban institute this runs an hour. Were about to hear some very good Economic News after recordbreaking declines in economical activity in the Second Quarter of 2020, well be see eyepopping consensus, 25 growth in the third quarter. We should not lose sight of what that means for people who are still struggling and the fact that we still have a deep hole to climb out of. Much has been written about the kshape recovery. Workers at the low end of the distribution who dont have options to work from home and for whom federal help has already been paid in a way. Weve seen who will owedout downtowns with fewer workers coming in, buying lattes. What does that mean for city revenues . One estimate suggests its in highrent zip codes, highrent districts, employment is still at 45 of precovid levels. So we are about to explore these things today. We also hav ....
Procedural vote will take place this morning on the nominee. The confirmation vote later this afternoon. And the negotiations are continuing on a coronavirus aid package. Live coverage now here on cspan2. The president pro tempore the senate will come to order. The chaplain, dr. Black, will open the senate with prayer. The chaplain let us pray. O god our shield, we rejoice in the gift of your salvation. Look with favor upon our senators today, delivering them from fear and guiding them around the obstacles that hinder their progress. Lord, unite them for the common good of this great land. Lord, manifest your purposes to them, making clear your plans and guiding them with your love. Give them the wisdom to have confidence in your power, as you inspire them to use their talents as instruments of liberation and healing. Almighty god, have compassion upon our nation and world. We pray in your holy name. Amen. The president pro tempore please join me in the pledge of allegiance. I pledge a ....
Mr. Cassidy madam president . The presiding officer the senator from from louisiana. Mr. Cassidy madam president , i rise to address the issues i rise to address the issues matter president arise to address the issues regarding the covid crisis. It is a Public Health crisis leading to an economicsi crisis and in turn an educational crisis. Today i will speak of an aspect of the crisis specifically state and local government which had to shut down the economy and in turn lose the tax revenues they would receive and because they have lost the tax revenue of jobs and firefighters and Police Officers, teachers , sanitation workers and other essential frontline workers at risk. I will proceed they have unveiled a proposal for a support American Families and Small Busine ....