the particular figures in this table represent arpa stimulus as well as the port harbor fund. the waterfront resilience program is also funded by go bonds and we're also requesting $4 million in support from the general fund in this budget cycle, which is are not included in this table. next slide, please. so the previous slides really sort of give you detail of what's happening over the next two years. but as we discussed, and we have a pretty healthy two-year budget and it is the out years that really are where we need to put our resources and start thinking about solutions. and so there are things in this two-year budget that address the out year concerns and the three legs of that strategy are equity, economic recovery and resilience. next slide, please. so within the budget, we have a number of investments that sort of play into the economic recovery effort. and i'll point out that the -- that the lines here that are in green indicate that they are funded by arpa stimulus. so, you know, towards the end of creating a clean and safe and active waterfront, we're creating a p

and the accept and expend resolution and that's what is one we're asking and that is the use of arpa in the current fiscal year in 21-22. the other accept and expend resolution which has to do with the use of arpa funding that will be submitted with our budget and goes to the mayor and the board of supervisors in may and the other thing to always remember is we have to spend the money by june of 2024. next slide, please. the question that came up was about the allocation of arpa funds and they're between a couple of commissioners noted that between our submission to the state lands commission and the staff report, there had been some riel occasions and what you are seeing here is where the final budget landed and what we did it was disproportionately impacted by covid and made sure we kept that funding level consistent to what we told the state. what happened in between the submission to the state lands and our first informational item when we put together the budget, was basically the significant rain storms at the end of last calender year reall illuminated so we needed to make fun

and i'm calling on congress to fund my proposed arpa-h the advanced research projects agency for health will be a new kind of entity within the national institute of health the nih with autonomy and authorities to drive unprecedented progress in biomedicine. it's based on darpa. most everybody knows, in this town, what darpa is. that's the defense department's advanced research project agency that has led to breakthrough technologies that protect our national security from the internet, to gps, and so much more. arpa-h will have a singular purpose: to drive breakthroughs to prevent, detect, and treat diseases, including cancer, alzheimer's, and diabetes, and other diseases. and i think there's strong bipartisan support for this, but it costs money. and it's the best these are the best dollars we could spend. so, we've got to get it done, and we got to get it done now and not wait any longer. i'm also calling on the scientific and medical communities to bring the boldest thinking to this fight. i'm calling on the private sector to develop and test new treatments, make drugs more affordab

when you talk about all of these cares act's, that happen in march of 2020, american relief and arpa that happened a year ago in march. set on the infrastructure method and job acts, those things that congress did set us up for this that is in contrast that has happened in the aftermath of the great recession. we had a decade long very weak and slow recovery. right now, because of the actions, millions of people --. i want to move back around and say, there is still a lot of pain. we still have a long way to go. we are on track. in sort of a record pace here. that is good news for the american. host: coming back to your concerns about inflation and people paying more. the concern about prices at the gas pump certainly near the top of the list. with the crisis in eastern europe, here is one of the headlines from the plan -- front page. crisis fell in energy markets, lots of concerns that fuel prices can go up. the question for you, how much impact, how much control does, not just this white house or any white house have over gas prices . how much can one president do when it comes to

for our restaurant, we went so far as to sell arpa spices and sold recipes for people to cook at homeall that we are doing, we can't do this on our own. we need the federal government to step up and support us in the way that we long believed in the idea that we're all in this together. we heard the president say it. we elected officials say we're in this together, but we need them to do this by supporting the restaurant relief fund. it's the only way we're going to create a level playing field. matt: we only have 10 seconds left. i don't want to get away from the serious issues in your facing, but what is the best rum to use in a painkiller? dwayne: any rum that's in your repertoire, my friend. the rum that's good is the best rum. matt: there you go. thank you for humoring one matt miller on a friday. he'll take that to the store tonight to fix those ailments. appreciate your time, in all seriousness, of the breadfruit and rum bar. and for matt miller, i'm jon erlichman and that's -- and this is bloomberg. ♪ >> the most crucial moments in the trading day. this is bloomberg markets: t

of course, we spent 4 trillion dollars, another two with arpa and a lot more requests for more. i guess in a short period of time hundreds of billions has become passe and what the public needs to know is the fed has accommodated all that by putting that debt on their balance sheet. i think that is largely driving now what is not transitory but a stubborn inflation rate, 7-8%. in december 2020, congress passed the consolidated corporations act with overwhelming bipartisan support. the legislation included $1.375 billion for the construction of border barriers. on the first day in office president biden signed a presidential proclamation to pause construction for the border barrier. despite the continuing resolution there is still an authorization and appropriation to build out that barrier. what will it take for the administration to follow the law, and are there other issues where the administration plans to ignore congress? ms. young: i take the act as serious as anybody in the room, that is why it has found the administration has acted properly within the compounds of that la

in my most recent ebr, i proposed allocating $130 million in arpa funds to support this effort. i believe if we make the investment, mississippi will develop the workforce of the future and set up our state for success for years to come. [applause] we also know that for mississippi to grow, we must attract more economic activity. we need to be bold. we need to attract the kind of work that creates wealth for all mississippians. first, we need to take care of the basics. we have a historic opportunity to invest in our core infrastructure. to take nearly $2 billion of federal money and put it into real transformative project. i want to echo and appreciate the sentiment from lieutenant governor hose men. we must stay focused on those investments that will have an impact not for one or two years, but for one or two generations. i wholeheartedly support his plan to put the bulk of that money into local infrastructure projects that can put those concerns behind us for years to come. [applause] we also need to and economic projects that transform communities. create generational wealth

that the federal government can drive, you know, the president is a huge believer in something called arpa-h, something he got passed with republican support, this is an issue that has support on both sides of the aisle and the government can be an incubator, an innovator, a place where we drive toward new treatments, new ideas, new solutions. we put the kind of money that we put into investing in, you know, in other innovative areas in technology, for example, we put that into cancer research and medical research. >> i read some of the material you guys sent around yesterday and you noted that there have been more than 9 million missed cancer screenings as a result of this pandemic. beyond that, there are major inequities to screening access, especially when you look at cancers like colon cancer. how is the white house looking to fix that part of the problem? >> exactly. there is, as you noted, there's a huge focus on fixing inequity in cancer treatment. one of the concrete things that we can do is diversify clinical trials. right now clinical trials don't always reflect the diversity of th

regular session are legislature acted and moved quickly with a special session that we deployed the arpadollars in november and we are avoiding the power of inflation and putting ourselves at a competitive advantage yet to act on the federal aid, that is smart and conservative and really great in terms of how we doing cash management. in this alone we made a record level strategic investment in infrastructure, 2.3 billion that brings a five year total to over 6 billion invested in physical infrastructure. this right here since we are in fargo we need to mention the 435 bonding package for the fargo morehead hardwood area diversion project. that enabled the project officials, the bonding to close the contractors agreeing of locking lower pricing through partnership, the u.s. army corps of engineers has estimated because of the accident taken last year and now the bidding with the partnership completed without that the diversion would've taken until 2042, 15 years after what is to be estimated of a completion date that cost and now the diversion is 35% complete slated for spring of 2027 re

regular session are legislature acted and moved quickly with a special session that we deployed the arpadollars in november and we are avoiding the power of inflation and putting ourselves at a competitive advantage yet to act on the federal aid, that is smart and conservative and really great in terms of how we doing cash management. in this alone we made a record level strategic investment in infrastructure, 2.3 billion that brings a five year total to over 6 billion invested in physical infrastructure. this right here since we are in fargo we need to mention the 435 bonding package for the fargo morehead hardwood area diversion project. that enabled the project officials, the bonding to close the contractors agreeing of locking lower pricing through partnership, the u.s. army corps of engineers has estimated because of the accident taken last year and now the bidding with the partnership completed without that the diversion would've taken until 2042, 15 years after what is to be estimated of a completion date that cost and now the diversion is 35% complete slated for spring of 2027 re

through arpa we spent $1.9 trillion, 10% of that was aimed at covid relief and i am curious, all the money we spend so far, it still astounds me we are nearly $30 trillion in debt and we are looking to borrow more money and spend more regardless of the merits. there is a lot here that we do need to address but not in the way we have done it amazing that much debt into the system. i have a question from this young. how much money you still out there in terms of what you think it is, what it really is that is unspent from what we've done already and if it's something we should be looking at first before we actually to you more money especially when it comes to covid relief items like masks and testing and so forth. i know the figure that has been given to the committee. i would like to know what you think it is, unspent funds we could tap rather than spending more money for things we have funds sitting unused. >> we provided the information to the committee at the request of you and other senators. 97% of the funds as you mentioned, arp directs covid relief to healthcare dollars, most

up with regular sessions, legislature acid to move quickly with a special session we deployed those arpa dollars in november were avoiding some of the power of inflation and putting ourselves in competitive advantage over states that have yet to act federal way that is more, conservative, and it's really great in terms that were doing the cash management and only madeenable record level of strategic investments, 2.3 billion from the rings are five-year total yard ministration to over 6 billion invested in physical infrastructure. this of course, right here since one fargo, we need to mention in41,305,000,000 bonding package for the fargo morehead west fargo, and the diversion project, that enabled the project officials to close the contract agreement and lock in lower pricings through private public partnership in effect u.s. army corps of engineers estimated at that because of that action taken last year, and outbidding it with the private public partnership is completed and without that, the diversion would've taken until 2042, 15 years after what is now to be estimated completion date

this includes more than $3.8 trillion we spent on a$1.9 trillion on arpa. additionally, the infrastructure bill increased discretionary spending by $415 billion. over the previous highway funding baseline, adding a net deficit of $256 billion. put this in context, when it came through '08-'09, we spent 800 to $900 billion and that was a real systemic, economic issue and that seems like chump change in this day and age. i think the process is broken. we don't do regular order. i mean we're talking about continuing resolutions because we have not had the ability and the political will to get this done by september 30th of 2021. i mean it is a system that has just gone completely out of control. i'll put one other doozy in there. just a little over three years ago, we were $18 trillion in debt. now we're nearly 30. and i think the american public needs to realize that coming out of world war ii, the highest percentage of debt we had ever taken on as a country, we were savers, we were investors. we paid all of that off and built the interstate highway system. t

the signature science proposal languished on capitol hill, the creation of the arpa h, a new researchgency that the president said could end cancer as we know it. there is great value in a president giving the populace hope that science can lead to cures. but i would say that without funding for a research component you are not going to get over the goalpost. that is just some of the perspective on statistical use. let's hear from neil in missouri . good morning. caller: how are you host:, young man? host:fine, thank you. caller: i'm a survivor of esophageal cancer which i contracted from the world's oldest nuclear dumpsite in clearwater creek, st. louis. if not for the wonderful staff at st. louis university, their knowledge and their ability to do this, i would have been dead if i had gotten this 25 years ago. i'm all behind president biden for doing this. it's probably one of the most singular best things that man will ever do as president bar nothing. all you out there need to think about that going through cancer. if it wasn't for people like him and nixon get into it, we would s

veasey was talking about and others, there's also through the arpa money, money that counties received as replacement for revenue lost during covid. and one of the available uses for that, as we discussed, is broadband. and our county executives and mayors know the communities that are behind in service and so forth and things moving forward, however i think all of it kind of gets intermingled. there's a lot of money for broadband. there's a lot of need for broadband. and so how can the county executives and mayors have support to move forward, because there's going to be a lot of people wanting to build broadband, and i think that we're going to reach capacity with people who can supply it, people who can build it, but everybody wants it and needs it. so what kind of thinking of an overall program strategy, since we have an enormous amount of money available to really somebody previous -- or an fcc commissioner said we have enough money now to put broadband everywhere we need to put it, we just need it gets to the right map, so maps is another thing. i'll turn it over you to and let y

just think about what happened with -- with arpa, darpa as we made the innovations in the internet as the president knows because she's a programmer, she knows that that innovation allowed us to then build out a commercial aspect of the internet that would not have happened at least at that moment in time. not in 1993. it wouldn't have happened and look at where we are today with an internet economy, all because we had u.s. innovation. so technology after technology has been invented, and our u.s. companies have continued to innovate, develop a workforce and skill people for the opportunities of tomorrow. but that leadership is not guaranteed, and time and time again history has shown us that people, while we innovate here, other people are going to follow. in aviation, the wright brothers were the first to demonstrate with the kitty hawk in north carolina, but the united states soon fell behind in aviation as european governments invested and built out this new industry. by 1913, the united states military had six planes and 14 trained pilots. france had 216 airplanes and 171 trained