To order. Because of the technicality that a powersharing agreement has not yet been signed between the majority leader and the minority leader, i am chairing this hearing and i want to thank senator cantwell for her cooperation as we move toward a transition and perhaps for the next hearing, we will have a symbolic passing of the gavel. But i want to convey my commitment and expectation that as we move forward, we will Work Together in a bipartisan manner on the issues before this committee. In the last congress, that approach led to more than 50 public laws being enacted out of this committee. This cooperative spirit will extend to the confirmation process of President Bidens nominees to lead the departments and agencies within our jurisdiction and i am delighted today that the first of these nominees submitted for our consideration is mayor Pete Buttigieg to be secretary of transportation. He has impressive credentials which demonstrate his intellect and commitment to serving our na
Confirmation hearing, asked multiple questions on multiple topics. This is two and a half hours. To order. Because of the technicality that a powersharing agreement has not yet been signed between the majority leader and the minority leader, i am chairing this hearing and i want to thank senator cantwell for her cooperation as we move toward a transition and perhaps for the next hearing, we will have a symbolic passing of the gavel. Ideration is mayor Pete Buttigieg to be secretary of transportation. He has impressive credentials which demonstrate his intellect and commitment to serving our nation. As a former local elected official, he will bring a valuable perspective to the department of transportation regarding the transportation infrastructure needs and challenges of towns and cities throughout our country. His educational background as a harvard graduate and road scholar at oxford will serve our country well as we address our nations transportation policy priorities. I want to th
To order. Because of the technicality that a powersharing agreement has not yet been signed between the majority leader and the minority leader, i am chairing this hearing and i want to thank senator cantwell for her cooperation as we move toward a transition and perhaps for the next hearing, we will have a symbolic passing of the gavel. Ideration is mayor Pete Buttigieg to be secretary of transportation. He has impressive credentials which demonstrate his intellect and commitment to serving our nation. As a former local elected official, he will bring a valuable perspective to the department of transportation regarding the transportation infrastructure needs and challenges of towns and cities throughout our country. His educational background as a harvard graduate and road scholar at oxford will serve our country well as we address our nations transportation policy priorities. I want to thank him for his service as an Intelligence Officer in the u. S. Navy reserve. I also want to than
Beginning tomorrow bright and early. To chair yellen, i would go over the long weekend in the United States, stimulus was at hand. Whether it was prichard in the telegraph talking about 25 of gdp, all in, or even the debate, francine, in the united kingdom, over the length of stimulus before austerity. It is a raging debate, as chair yellen speaks today. Francine it certainly is. If you look at the finance ministers of the g7, the finance ministers talking about raising taxes as soon as easter. Tom that will work. Francine lets get to the bloomberg first word news in new york city with karina mitchell. Karina treasury secretary nominee janet yellen is expected to tell a Senate Committee that low Interest Rates mean it is time to act big on a coronavirus stimulus package. The former fed chair begins her confirmation hearings today. It will be the first time lawmakers can question someone about the Biden Administrations 1. 9 trillion dollar relief plan. Meanwhile, white house officials d
Ourselves what was the heritage and the nature of Global Growth who benefited most who goes oh we really as i said developing countries benefited a lot because they capitalized on the. National with our growing demand for their products for their export going to which team is that it. Helped to create new jobs it helps to boost exports revenues but it also led to some social consequences broadening capital in cannes. That you can now whats happening in developed nations. When the level of welfare that he has is that you know. The. Paradox sickly and usually will be different. In ink and even more dire going to the world bank he said to. Me the. Take the u. S. In the year 2000 this would mean that we had more than 3600000 people. And in 2016. It was 5600000. 00 people who had an income of 5. 00 u. S. Dollars. During the same time major transnational corporations 1st of all u. S. And European Companies burned much bigger revenues and i know you we have the same trend elsewhere but when y