sen. rubio: i think there is going to be a need for some level of support for several months. even if tomorrow morning they announced we have a cure for covid-19 so nobody has to worry about it, you still have industries that are going to take time. for example, i will just take my home state of florida, which is dependent on national travel. it will be a wild before national travel returns. -- it will be a while before international travel returns. number two, the economic impact is widespread. 70 who was making $100,000 a year and planned of a -- somebody who was making 100,000 dollars a year and planned a vacation is going to say i need to recover from lost wages, so i am not going to take a vacation. likewise, big events, conventions, large gatherings, it would be very difficult to reschedule them in a constrained time. and obviously, we are not going to announce a cure tomorrow. i think what we can see is a steady improvement, but not a dramatic, overnight one. it will take time for some in

sen rubio: let me begin by saying this. one of the reasons i'm such a supporter of capitalism is it will always lead to the most efficient allocation of capital. it will always flow to where you will get the most efficient result. generally that's the right place to land. every now and then, however, the most efficient outcome is not necessarily in our national interest. a couple of examples, it may be more efficient to rely on china, for 70% to 80% of the pharmaceutical ingredients in many of our key drugs in the generic marketplace, i don't know if that is, i'm confident that's not long-term in the national interest. it may be more efficient to rely on china for mineral needs to develop technologically. i'm not sure in the long run however that that is in our best national interest but it begins by identifying the industry's key not just to the 20th century but key to the national interest. it's not just defense. these are -- industries that create stable jobs and in my view it's one of , the most important obligations we

covers a small fraction of the cost for a way pee operations and what's even more frustrating than sen rubio also tweeting i apologize for the typo i meant to type stupid rumors about marital law not martial law is that even of rubio or his colleagues the klein to pay the fee he's still entitled to treatment according 282009 a.b.c. news investigation of the a.p. in 2008240 members paid the annual fee though some sources say congressman who didn't pay the fee were rarely prevented from using o.a.p. services our lawmakers remain indifferent to medicare for all while getting letters from the private health insurance lobby asking for a bailout because as coronavirus survivors begin the task of identifying which organs they could sell in the black market to pay for their medical bills the massive lobbying group known as america's health insurance plans which represents insurance companies like cigna and anthem wrote a letter to congress on april 8th asking for assistance against the unknown's of the pandemic like subsidies for employers and consumers but even cigna see it made it to the global in

sen. charles schumer: another senator rubio has an appointment. and the legislative session, i ask unanimous consent that the senate proceed to the many consideration of a bill that would require the administrator of the small businessis administration to reports on covid-19 recovery small business programs. tfurther asked that the bill be considered red three times the past and the most to be reconsidered be considered made and laid upon the table with no intervening action or debate. >> without objection. >> let me first begin by saying, we have a chance to speak in the floor about the paycheck protection program. i want to say that despite everything you read out there, in my mind i don't think there's any question that this is been the most successful part of the cares act. to put it in perspective, this is something that we worked on in a bipartisan way in less than a week. and in the agencies had less than six days to put together the rules. until friday april 4th, no bank in american had ever made a ppe loan. no one had never applied for on

i have spoken with both senator cardin and sen. rubio: this. the program was designed for eight weeks. senator: mr. secretary, i know what your position is. i just wanted to highlight the position of the aspect of general of the s.b.a.. you can't find that 25% limitation anywhere in the statute, i challenge anyone to take a look and find it. i would ask you to take a look at the rebuilding main street initiative. get bipartisan support, and i look forward to your responses there. let me turn to chairman powell and just say that i believe overall, the fed has acted quickly. for the most part, necessarily and appropriately. but i have serious concerns about the actions you have taken with respect to the secondary market facility, with respect to junk bonds. heresponse to senator sasse, emphasized that at least with the health program, you were essentially helping those with aaa ratings, but when you look at the secondary market facility, you have purchased junk bonds, and we have this strange situation where w the same day we had unprecedented da

rubio on this. the program was designed -- sen. van hollen: mr. secretary, i know what your position is. i just wanted to highlight the position of the inspector general of the sba, and in my view if you cannot find that 20% limitation anywhere in the statute. i challenge anyone to take a look and find it. i would ask you to take a look at the rebuilding main street initiative that a number of us have put forward. i think you can get bipartisan support in the forward to your sponsors. let me turn to chairman powell and say i believe that overall andfed has acted quickly, for the most part necessarily and appropriately. i have serious concerns about the actions you've taken with respect to the secondary market facility with respect to junk bonds. ,n response to senator sasse who emphasized with the program you are essentially helping those with aaa ratings. when you look at the secondary market facility, you have purchased junk bonds and we have this strange situation where the same day we had unprecedented damage in terms of unemployment numbers, the stock market was going up. you pointe

rubio. formerhey cast representative ratcliff out of the committee. what is your comment on that, and did you ask senate democrats to not support the ratcliff nomination? sen. schumer: no, the entire intelligence committee voted no. the dni needs someone who puts intelligence first. his career has been one of the harshest partisans around. if you talk to professionals who are neither democrats or republicans, they are worried he will further politicize the intelligence agencies, which will hurt america. you need intel more than any other place. someone who speaks truth to power. dan coats is gone. truth,don't speak the just like when you don't speak the truth about covid, the consequences to america will get far worse. ratcliff is too much of a partisan to speak truth to power. in -- inspector general lenox, weren't there questions from democrats during the hillary clinton investigation, about how he handled that? sen. schumer: i am not sure. inspectors.red for adversity tohas an the truth. when he hears the truth and it does not square with what he wants to hear comments instead of adapting to the truth, he fires the truth teller. that is very harmful and