Taxpayers and corporations. [inaudible conversations] [inaudible conversations] are right. This joint hearing of the subcommittee on Government Operations and the federal workforce and healthcare and Financial Services committee will come to order. Welcome everyone. Without objection the chair may declare a recess at any time. Recognize myself for the purpose of making an opening statement. First and foremost thank youst l for being here in this crazy but at times were in. Nevertheless, what were talking about is extremely important. The irs has been played really with dysfunction for decades. The dysfunction is across the board from data breaches complex, and didnt except to slow audits, backlogs, and really Terrific Customer Service got at least for my constituents. Despite years of congressional oversight and government watchdog warnings, not much has changed. My colleagues on the other side of the aisle believe that more money and more power is thee solution. In fact, the last year
Force and Health Care Committee will come to order. Without objection, the chair may declare a recess at any time. I recognize myself for the purpose of making an opening statement. Ms. Mcclain first and foremost, thank you all for being here in this crazy bit of times were in. What were talking about is extremely important. The i. R. S. Has been plagued really with dysfunction for decades. From data breaches, leak, Identity Theft, slow audits, backlogs and horrific Customer Service at least from my constituents. Despite years of oversight and government watchdog warnings not a lot has changed. My colleague on the other side of the aisle believe more money and more power is the solution. In fact in last years Inflation Reduction Act, Congressional Democrats dumped 80 billion 80 billion into the i. R. S. With this influx of cash the inch r. S. Plans to ramp up audits on all americans. This funding spree prioritizes enforcement over improving Taxpayer Services. Taxpayer Services Like pro
[captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] watchcspan. Org, you can at your convenience. Go to our home page and click on the video search bar. Review the list of search results and click on the program you would like to watch. Refine your search. If youre looking for the most current program, our homepage has many current programs ready such as the washington journal. Span. Org check it out at cspan. Org. Of next, a timely look at subjects, from the cspan video archive. This program focuses on trade deals come other impact on the economy, and the views of the lawmakers. Topics include the north American Free trade agreement, or nafta, the World Trade Organization, and the Transpacific Partnership, or tpp. With us now to look how it is being discussed, making, trade reporter for politico. Much of the discussion now is about the Transpacific Partnership, the deals signed by participating count
Selloff. Bond yields around the World Soaring today. Janet yellen poured gasoline on the fire yesterday. She said longterm Government Debt is overpriced. She warns the dangers posed by low rates. Low Interest Rates can certainly incense some investors to reach for yield. They can incense them to take on leverage positions. If they unwind, can create Financial Stability risks. Betty there you go. After her remarks, japans yield made its biggest jump in two years and australias benchmark on his highest level since december and germanys bond rose to its highest yield this year. A huge selloff. The election is underway in britain. David cameron has already cast his ballot. He is one of 50 million britons registered to vote. The challenger is ed miliband. A change for chinas biggest Ecommerce Company. Alibaba naming jonathan lu to take over as ceo. He will take over for jonathan lu who is staying on as vicechairman. Alibaba reported strong Quarterly Results. Daniel zhang will join us in the
Be at the National Press club. , formerernoon counterterrorism officials outline terrorist threats to the u. S. And whether the u. S. Efforts to fight extremists can only lead to more attacks. Cspans campaign 2014 coverage continues tonight. We will be taking you live to california for a debate in the governors race. Jerry brown is facing off against his republican counterpart neil cash kari kashkari. Firstights debate is the and likely only debate between the two in this general election. Is ang us on the phone veteran Political Columnist dan walters of the sector meant to be. Youre welcome. The sacramento bee. Youre welcome. We are looking for any ri to putty for kashka anything on jerry brown. Jerry brown is a skilled wordsmith. He uses latin and greek references, for example. He has developed a little bit of a short fuse. It will be interesting to see that kashakkari can do get under his skin. A brief biography of jerry browns career in california politics. He has been in politics