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The committee will come to order. Todays hearing is on president obamas budget for fiscal year 2017. I particularly want to thank secretary lew for providing for appearing before us this morning and providing his time for us. While there are some hints about some of the details in advance, Congress Officially received the president s Budget Proposal yesterday. And as has been the case particularly under this administration, what we received was not a practical vision for the future. Weve going to have to have order here. As has too often been the case, what we received was a not a practical vision for the future but designed to sewuency constituencies. He looks to raise taxes on hard working americans, including some special new regressive taxes that are being packaged as, quote, fees unquote. With all the revenue going to fuel expanded government and spending that is b ....
About the president s 2017 budget. He answered questions about puerto ricos debt crisis, tax code reform and a proposal for a new tax on oil. This is two hours, ten minutes. The committee will come to order. Todays hearing is on president obamas budget for fiscal year 2017. I particularly want to thank secretary lew for providing for appearing before us this morning and providing his time for us. While there are some hints about some of the details in advance, Congress Officially received the president s Budget Proposal yesterday. And as has been the case particularly under this administration, what we received was not a practical vision for the future. Weve going to have to have order here. As has too often been the case, what we received was a not a practical vision for the future but designed to sewuency constituencies. He looks to raise taxes on hard working america ....
Way. Yesterday we made progress advancing two of the major components of the u. N. Resolution. The trucks are lined up. The permissions are being granted. They should flow today or tomorrow. In the wee hours of friday morning, we agreed that the sustained delivery of humanitarian aid will begin this weekend. First to the areas where it is most urgently needed, then all those in need throughout the country, particularly in the besieged areas. The u. N. Has said that the trucks are loaded and ready to go. We established a task force which has met already for the first time in a geneva, and will report regularly on the progress to guarantee the delivery of this aid. The issg also agreed to implement a nationwide cessation of hostilities to begin in one weeks time. Why a week . For the simple reason that the modalities have to be worked out. And people have to be communicated to in order to not have it start with failure. This will apply with any and all parties within syria, with the exce ....
Stocks ready to blast off and send your portfolio to new heights. Well give you those names. First, we start off with the markets moment of truth as we head into whats setting up to be a very crucial earnings season. Is the worst baked in, or are we going to see a very tumultuous week . Guy, we hi. We ask the question because it seems like its a foregone conclusion, that people say earnings are going to be terrible. Earnings are going to be terrible and, therefore, stocks reflect that. Therefore, everybody should know that and stocks reflect that. I think tim would probably agree with that. I would. I dont know. The Bank Earnings to me would be the most interesting thick because i dont think anybody has a clue with what some of the Bank Earnings are going to come out with. Ill say this. Today was an interesting for me, one reason. The huge move in oyl which was outstanding. Sxw ....