Its important for members to understand the efforts and the stakeholders. Its also important where faa is now and where it can and should go in the future in terms of nexgen. When i like fresh to discuss today in part in relation to the recommendations from the Department Transportation Inspector general reportt in march and found shortcomings of management in the current estimate of nexgen benefits to be 100 billion which is 113 billion less than the estimate. It shows us benefit is important to note the estimated 100 billion so far is the sole projected cost which is 36 billion. When it comes to benefits the Ig Report and as a result they have a clear view how investments will have those operations and then encountering delays things like that performancebased navigation and procedures the final Report Issued Recommendations and is a really began implementing to measure performance whereby projections and interim implementation analysis is incorporated to prioritize those programs an
100 billion which is 113 113 billion less than the 2007 estimate. So while estimate shows less benefit is important, and that the estimated 100 billion in benefit is to far exceed the total projected cost of nextgen through 2030 which is 36 billion. When comes to benefit to the Ig Report also found faa has not transparently stated Nextgen Benefits to date. As a result stakeholders to not have a clear view of how investments and modernization will translate to quantifiable benefits for operations. Lastly the as they continue to encounter delays implementing things like the performancebased navigation procedures, or pbms as we call them. The final Report Issued Recommendations at the is concurred with and is already begin implementing. The faa should publish metrics, measure performance, as they should develop a process whereby in a just a benefit projections and interim implementation and those who are incorporated prioritizing nextgen programs, and third faa should regularly update sta
Its important for members of the Subcommittee And Congress to understand the status of efforts and the input from stakeholders. Its also important because knowing what faa is now will then forward at and should go in the future in terms of nextgen. So id like for us to discuss debate in part is where the fas in relation to the recommendations from the department of Transportation Inspector general report issued in march. The report found shortcomings in management, of nextgen programs and that the faas current estimate of Endstate Nextgen benefits will be about 100 billion which is 113 113 billion less than the 2007 estimate. So while estimate shows less benefit is important, and that the estimated 100 billion in benefit is to far exceed the total projected cost of nextgen through 2030 which is 36 billion. When comes to benefit to the Ig Report also found faa has not transparently stated Nextgen Benefits to date. As a result stakeholders to not have a clear view of how investments and
A 2nd emergency and this involved the European Currency system so it exposed weaknesses in the financial system as a whole and problems with sovereign debt in particular those figures and. It started when greece revealed that its finances were in it worse shape than previously thought to. This crisis spread throughout the eurozone and raised serious questions about whether that common European Currency could survive. Occur and. Investors and italy spain and even france panicked and tried to dump their Government Bond also as. President Mario Draghi then made a Policy Statement that would become famous. Draggy soon became known as super mario for his role in dealing with the crisis he dismissed speculation about the end of the euro on the sofa and see if individual. Countries. Within our monday the Z B is ready to do whatever it takes to preserve the euro. And it will be enough. People do whatever it takes to get between us know what food Issues Job the promise to take all necessary mea
Your time. The clock will show how much time is remaining. One minute remaining clock will turn to yellow and 30 seconds remaining i will gently toss the gavel to remind members is almost expired. When your time has expired will turn red and i will recognize next member. In terms of the speaking or we will begin with the chair and ranking member of members present time is called, the meeting will be a or a senior member is not present at the time order. House rules require me to remind we set up Email Address which they can put in writing and at any of our hearings are markups. The address has been provided in advance. Im not myself for five minutes for my opening statement. The subcommittee will come to order. Let us begin ourfirst hearing on the fiscal year 2020 fouR Department of energy. Thank you Secretary Granholm. I am so thrilled to have a fellow colleague with such a distinguished career as the news energy. The secretary jennifer granholm, a resultsoriented leader. I know with