Coronavirus. The committee on Homeland Security will come to order. The committee is meeting today to receive testimony on Administration Budget request for the department of Homeland Security. Without objection, the chair is authorized to declare the committee in recess at any point. Acting secretary wolf is here today on the extraordinary troubling circumstances. Americans are rightfully concerned about this coronavirus, and spread its way across cost group called and claimed the lives of thousands and including at least six years home. Working to the government for leadership and guidance. And fourthly the Trump Administration, has not been equal to the task so far. In the place of this potential pandemic, the president is downplayed as threats, overstated help close scientists are to developing a vaccine, and muzzling experts in his own administration who disagree with him. It is a crisis unfolds, the president has continued to hold political rallies including a recent one that he
Security, cybersecurity, Disaster Preparedness and the coronavirus. The committee on Homeland Security will come to order. The committee is meeting today to receive testimony on Administration Budget request for the department of Homeland Security. Without objection, the chair is authorized to declare the committee in recess at any point. Acting secretary wolf is here today on the extraordinary troubling circumstances. Americans are rightfully concerned about this coronavirus, and spread its way across cost group called and claimed the lives of thousands and including at least six years home. Working to the government for leadership and guidance. And fourthly the Trump Administration, has not been equal to the task so far. In the place of this potential pandemic, the president is downplayed as threats, overstated help close scientists are to developing a vaccine, and muzzling experts in his own administration who disagree with him. It is a crisis unfolds, the president has continued to
49. 1 billion in discretion fundi funding and the disaster of the relief fund. Today we welcome chad wolf, the acting secretary of the department of Homeland Security. Thank you for being with us. Mr. Secretary, the fy 21 budget proposes 49. 7 billion in discretionary funding for the department of Homeland Security. This is a cut of 750 million below the current year level. I want to be clear, absent of any in acted law to affect such a transfer, this subcommittee will continue to include funding f for the secret service. When including funding for the secret service for the total, the budget request for fy 21 is 1. 78 billion above the current year level. There is something of the proposed budget that i believe will find strong bipartisan support. However there are also proposals we should not expect to see funded in the house bill. Among those are funding for border barriers and the expansion of capacity. Particularly in light of high priority needs that just continues to hire custom
Scientists, task force member, zuckerman Carson Ben Carson on that. President trump find law 8. 3 billion package to address the Economic Impacts of coronavirus among others. Kevin mccarthy drones week live to talk about that in this weeks markup, they are about to expire. The fallout from coronavirus is all too much for chinese president xi jinping. General get the highest civilian honor ever from the president this week. All that and a lot more as we look ahead right now on sunday morning futures. Will begin this sunday morning with the latest on coronavirus. There are more than 400 confirmed cases of the virus now. Nineteen deaths in the United States. Eightynine of those confirmed cases are in new york state. Governor andrew cuomo had declared state of emergency due to the virus. He joins me now. Its a pleasure to see you. Its a pleasure to be with you. Good to be with you. Maria tell me about the state of emergency. Why declared . What does it mean for us . What we need to underst
Meaning less demand for oil. Meanwhile similar story in bond market, yield on 10year treasury below 4 tenths of a percent overnight. Now we are staying right under and it is down 28 basis points. Again, another indication of a recession at hand. The 30year following 1 for the first time in history. The 30year bond, the yield there at. 883 . Thats down 40 basis points this morning. Global markets reacting to all of this this morning in the stock market. Deep selloff in europe. The cac quarante down 335 points. That is 6 and a half percent and dax index in germany lower by 672. Overnight in asia across the board. Chinese experts tumbled in the month of january, more signs of trouble in japan as well. First quarter gdp lower in japan showing the economy contracted 7. 1 from the previous quarter. Thats a sharp contraction in japan. This on top of the Coronavirus Crisis, cases in the United States and abroad are growing. The white house looking into emergency measures. Overseas italy report