Is about your apprenticeship order. I salute your interest in that and the president s interest in it and look forward to supporting it. I have one question about it. The executive order allows you to deny access to the expansion of the Apprenticeship Program for certain sectors that already have effective and widespread Apprenticeship Programs. Is that directed at the Construction Industry . Do you plan to exempt the Construction Industry from your executive order . Secretary acosta senator, thank you for the comments and the questions. First, let me say going to your earlier combhent that this morning the department of ib comment that this morning the department of labor had a request for information regarding the overtime rule. Once approved by o. M. B. That request would ask the public to comment on a number of questions that would inform our thinking with respect to many of the issues that you raised. Now, moving to the president s executive order, the president is well familiar w
Glad youre here and appearing before this committee today to discuss your departments fiscal 2018 budget request. As you know, the budget is significantly challenged in terms of the cuts in your department. I think the proposed cuts of 2. 3 billion are about onefifth of the departments operating level. Certainly while i appreciate and many of us appreciate the departments prioritizing limited resources and making decisions to realign programs, the fundamental question is really what you choose to cut and whether you can possibly look at that number and make an argument as to why that much of your previous budget should be cut this year. Its not the first time these kinds of cuts have come in the department. Last year president obama proposed about the same level of cuts, though he proposed somehow these programs would lean heavily on new mandatory spending for the budget caps in the law then. Of course, those budget caps are in the law still. Instead of making difficult decisions, it w
Glad youre here and appearing before this committee today to discuss your departments fiscal 2018 budget request. As you know, the budget is significantly challenged in terms of the cuts in your department. I think the proposed cuts of 2. 3 billion are about onefifth of the departments operating level. Certainly while i appreciate and many of us appreciate the departments prioritizing limited resources and making decisions to realign programs, the fundamental question is really what you choose to cut and whether you can possibly look at that number and make an argument as to why that much of your previous budget should be cut this year. Its not the first time these kinds of cuts have come in the department. Last year president obama proposed about the same level of cuts, though he proposed somehow these programs would lean heavily on new mandatory spending for the budget caps in the law then. Of course, those budget caps are in the law still. Instead of making difficult decisions, it w
Before this committee today to discuss your departments fiscal 2018 budget request. As you know, the budget is significantly challenged in terms of the cuts in your department. I think the proposed cuts of 2. 3 billion are about onefifth of the departments operating level. Certainly while i appreciate and many of us appreciate the departments prioritizing limited resources and making decisions to realign programs, the fundamental question is really what you choose to cut and whether you can possibly look at that number and make an argument as to why that much of your previous budget should be cut this year. Its not the first time these kinds of cuts have come in the department. Last year president obama proposed about the same level of cuts, though he proposed somehow these programs would lean heavily on new mandatory spending to bypass what were the actual budget caps in the law then. Of course, those budget caps are in the law still. Instead of making difficult decisions of prioritiz
It is an external nearly day for earnings in the u. S. Busy day forly earnings in the u. S. All three major averages at records. A lot of that has to do with earnings. Take a look at the groups on the move. Its not just earnings. We are seeing a rally in commodities today. Copper near a twoyear high, Oil Prices Moving higher, energy and materials the two bestperforming groups today. Also some earnings and materials helping things. Financials are higher today as well. We are seeing yields rebound. Simmer discretionary stocks also getting a pop. On the downside, we have a decline in health care stocks. It has something to do with washington, uncertainty over the debate. Here, part of the story is earnings. The hospital operator coming up with earnings that missed estimates. The company cutting its fullyear forecast. Analysts expecting concerns about patient volume at that company. Is also concern about what will be the outcome of the health care debate. Whether be a cut to medicaid fundi