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Program or were gutting the Choice Program is absolutely positively wrong, proven by the data. 6 billion weve overspent 6 billion this year in in Community Care. Community care is absolutely essential. I think the issue is your hepatitis c drug, 1. 5 billion or whatever the number is for hepatitis c is part of the issue, and i dont think any one of us thinks that we should not be providing that drug. In no budget submission that i can recall was it discussed about that, although im hoping that somebody and ms. Brown actually talked about the forecasting that somebody was looking at the approval of that drug and that it was coming on and that if it did come on that it was going to cause a significant issue as it relates to the nonva care item, line item he, of 6 billion, which is gone now, its never been gone before, but all of a is sudden this year its disappeared. And my que ....
Again, there was still no mention of a Hospital Systemwide shutdown. And finally at the hearing on june 25th itself there was no mention of a Hospital System shutdown coming in august. Mr. Secretary, im disappointed about the slow, painstaking revelation of this crisis by the department thats led by you. I understand their excuses as to why we are in it this position, however, somebody somewhere took their eye off the ball. Just as congress established a cap on spending for the denver project that va busted, Congress Also provided a budget for va for fiscal year 2015 which the president signed into law and it, too, is now busted. In both instances va has Left Congress with very little time to react to a crisis created by vas own management decisions. While we will n ....
We can see the s p looking some muted reaction this morning. Perhaps today will be a quiet day. How did europe do . Lets show you and see how it is doing. The markets wont close for a few more hours. There is a look at the uk. And germany and france. All of which are in the green. One week ago, a very different story, wasnt it, as you look, that still takes your breath away sometimes. 1. 419 on the 10year. Its 2016. Halfway through. Those people who get older, those ones, those guys who get in their like 50s and 60s have no place to invest. No kidding. No kidding. What do you do . Municipal bonds. Its a problem. Whats this we, you stuff . Ill be there soon enough. All right. Our road map this morning, starts with the first trading day of the second half where the market is heading as we turn the corner, oh, man, second half already. Hershey rejects a 23 billion takeover bid from mondelez. First we told you about that yesterday. The question now is, well what is next . What does the tru ....
Average of a gallon of gasoline at 2. 84, the lowest in two years. And healthcare. Gov is open going live with the new Enrollment Period beginning last saturday after being plagued with problems last year. The new site will make it easier to shop for coverage and have enough computing capacity supposedly to handle open rollment. Michelle, over to you. Global news this morning, chinas news is Holding Steady with Consumer Prices rising 1. 6 from a year earlier. Producer prices falling 2. 2 , however. In europe, catalonia voting for independence from spain in a straw poll. Spain ordered the vote to be suspended and it went on anyways. And Russias Central Bank is allowing the rouble to float freely in the market. Starting today, it will scrap daily controls wi ....
Him. We have got buildings named after him. Why dont we see what he said about default . And just know, when he was president , republicans and democrats raised the debt ceiling no less than 18 times, i say to my friend. 18 times we raised the debt ceiling because, yeah, we had a debt from prior bills and Ronald Reagan said send me a debt ceiling increase. Look what he says. He said the full consequences of a default or even the serious prospect of default by the United States are impossible to predict and awesome to contemplate. Denigration of the full faith and credit of the United States would have substantial effects on the domestic Financial Markets and the value of the dollar. Ronald reagan, 1983. And thats when our economy was much smaller than it is today. S ....