today, the efficiency of the treasury during the transition to a single treasury account has increasedficantly. i would like to. we talked about the results of this work for the twenty-third year, please, you have the floor. dear mikhail vladimirovich, of course, last year was a landmark year for the entire budget system, due to the fact that the execution of the federal budget was the best indicator, 98.2%. and all regions also reached out. in these conditions, in conditions of increased expenses, all payments were carried out uninterruptedly, precisely thanks to the system of treasury payments. the single treasury account was created in january twenty -one, and the treasury has been managed since then. balances of funds on it, and the income received goes to the budgets, federal and regional. important innovation - execution of the president’s order to introduce digital assets, these are fully digitized primary documents agreed with the tax service, which made it possible to reduce payment terms from 30 days to one or two. for the fourth year now, the service has been ensuring the co

he found to the us treasury. as you said, he flies to africa. he goes to the us embassy to meet with the officials there. this meeting came after a meeting in washington with a judge, eugene sullivan, and with representatives of the state department and the justice department. and then what happened as well? what happened was when he arrived and was told to go to the embassy instead of being received amicably and enthusiastically with his treasury letters. it was may be challenged, still with statements. well, the treasury letters are vocal and you know, they're not on the 10th. and when it starts, it will, they are authentic. there's on the letterhead, there was nothing fishy about them. he could call the treasury, gave them phone numbers that he can call back in washington dc. this, after all is the digital age. you don't have to sail across the atlantic ocean to get a response that was not done. it was simply a dogmatic steep no, i don't believe this is right. i think that you're not who you are, that this is

he found to the us treasury. as you said, he flies to africa. he goes to the us embassy to meet with the officials there. this meeting came after a meeting in washington with a judge, eugene sullivan, and with representatives of the state department and the justice department. and then what happened? well, what happened was when he arrived and was told to go to the embassy instead of being received amicably and enthusiastically with his treasury letters. it was may be challenged, though with statements with the treasury letters are focused and you know, they're not often. and when is talk said, well, they are authentic. there's on the letterhead, there was nothing fishy about them. he could call on the treasury, gave them phone numbers that he can call back in washington dc. this, after all is the digital age. you don't have to sail across the atlantic ocean to get a response that was not done. it was simply a dogmatic steep no, i don't believe this is right. i think that you're not who you are, that this is frau

he found to the us treasury. as you said, he flies to africa. he goes to the us embassy to meet with the officials there. this meeting came after a meeting in washington with a judge, eugene sullivan, and with representatives of the state department and the justice department. and then what happened as well, what happened was when he arrived and was told to go to the embassy instead of being received amicably and enthusiastically with his treasury letters. it was may be challenged, still with statements will the treasury letters are focused and you know, they're not on the 10th. and when it's dark said, well, they are authentic. there's on the letterhead, there was nothing fishy about them. he could call on the treasury, gave them phone numbers that he can call back in washington dc. this, after all is the digital age. don't have to sail across the atlantic ocean to get a response that was not done. it was simply a dogmatic steep no, i don't believe this is right. i think that you're not who you are, that this is

he found to the us treasury. as you said, he flies to africa. he goes to the us embassy to meet with the officials there. this meeting came after a meeting in washington with a judge, eugene sullivan, and with representatives of the state department and the justice department. and then what happened as well? what happened was when he arrived and was told to go to the embassy instead of being received amicably and enthusiastically with his treasury letters. it was may be challenged, still with statements. well, the treasury letters are focused and you know, they're not on the 10th. and when is talk said, well, they are authentic. there's on the letterhead, there was nothing fishy about them. he could call on the treasury, gave them phone numbers that he could call back in washington dc. this, after all is the digital age. you don't have to sail across the atlantic ocean to get a response that was not done. it was simply a dogmatic steep no, i don't believe this is right. i think that you're not who you are, that t

he found to the us treasury. as you said, he flies to africa, he goes to the us embassy to meet with the officials there. this meeting came after a meeting in washington with a judge, eugene sullivan, and with representatives of the state department and the justice department. and then what happened? well, what happened was when he arrived and was told to go to the embassy instead of being received amicably and enthusiast, typically with this treasury letters, it was may be challenged, still with statements. well, the treasury letters are focused and you know, they're not all sense. and when it's dark, said, well, they are authentic this on the letterhead, there was nothing fishy about them. he could call the treasury, gave them phone numbers that he can call back in washington dc. this, after all is the digital age. you don't have to sail across the atlantic ocean to get a response that was not done. it was simply a dogmatic steve. no, i don't believe this is right. i think that you're not who you are, that this

he found to the us treasury. as you said, he flies to africa. he goes to the us embassy to meet with the officials there. this meeting came after a meeting in washington with a judge, eugene sullivan, and with representatives of the state department and the justice department. and then what happened to well, what happened was when he arrived and was told to go to the embassy instead of being received amicably. and then tuesday asked equally with his treasury letters. it was may be challenged though, in statements. well, the treasury letters are focused and you know, they're not all sense. and when these docs it will, they are authentic. there's on the letterhead, there was nothing fishy about them. he could call the treasury, gave him phone numbers that he could call back in washington dc. this after all, as the digital age don't have to sail across the atlantic ocean to get a response. that was not done. it was simply a dogmatic steve. no, i don't believe this is right. i think that you're not who you are, that

the single treasury account allowed the russian treasury to become the third administrator of federaltax and after. the federal budget received 541 billion rubles; constituent entities of the russian federation felt the benefit of 144 billion rubles; all our regions received 4 of them billion new constituent entities of the russian federation, it is very important that at the expense of the single account of the federal budget , special treasury loans are also provided 190 billion rubles loans for advanced financing with repayment next year 142 billion rubles it is very important that in these conditions we help accompany infrastructure budget loans, control expenses current ones are carried out, helping to prevent unreasonable expenses, in total we have prevented 134 billion rubles, this is fully consistent with the tasks in the field control and supervisory activities. for the fourth year already, the service ensures the conduct of all auctions of state property and real estate, and you also maintain an information system for government procurement, which allows... but quite effecti

is irs still part of the treasury department?f the department. >> les samuels is here's i hope it's a part of that. and yet it feels like inevitably the treasury department has had is that most of i time on issues like sanctions and economic security. how do you spend your time? how do you make sure the treasury department is havingn l issues, tax issues, other issues? >> so you're right that ultimately we have been, when we came into office, as of you know, we were facing a global pandemic. the place we spent our time with the treasury department was in implementing the american rescue plan. one $20 of that money came to the treasury department. everything from the date of the child tax credit which dramatically reduce child verty in this country in some communities by as muchats 50%, to the money that went out to state and local governments, which included $13 billion and workforce training. we spent a quick and the time implement these programs. just as we're saying the economy start to grow, and we were starting to see people

he found to the us treasury. as you said, he flies to africa. he goes to the us embassy to meet with the officials there. this meeting came after a meeting in washington with a judge, eugene sullivan, and with representatives of the state department and the justice department. and then what happened as well? what happened was when he arrived and was told to go to the embassy instead of being received amicably and enthusiastically with his treasury letters. it was may be challenged, still with statements. well, the treasury letters are focused and you know, they're not all sense. and when it's dark, said, well, they are authentic. there's on the letterhead, there was nothing fishy about them. he could call the treasury, gave them phone numbers that he can call back in washington dc. this, after all is the digital age. you don't have to sail across the atlantic ocean to get a response that was not done. it was simply a dogmatic steep no, i don't believe this is right. i think that you're not who you are, that this

it started to treasury. because george w. the end of september in 2001 signed a set of executive orders that gave treasury the authority to start following the money to figure out how that terrorist attack was financed in order to stop other attacks. so that's the moment and it was in the wake of that the whole new unit a treasury was established. the terrorism financial intelligence unit which is celebrating its 20th anniversary it was established in 2004. everything coming out of the patriot act after 9/11. david: the strength of the dollar really exists in its use. but there are at least a couple of uses. when others for transactions. i believe those two have diverted to some extent. reserve currency is still coming not as much as it was in terms of transactions and trade. abigail: at some -- saleha: at some point they diverged but they will meet in the middle whether they want to or not. the last transaction you have in dollars, the less powerful the dollar as a weapon. to protect american interests or hurt american inter

the treasury notes, is get past the treasury. the treasury notes. is such _ get past the treasury. the treasury notes, is such a risk to _ get past the treasury. the treasury notes, is such a risk to the - get past the treasury. the treasury. notes, is such a risk to the economy if notes, is such a risk to the economy it you _ notes, is such a risk to the economy it you don't— notes, is such a risk to the economy if you don't do this that you actually— if you don't do this that you actually lose money in the long term _ actually lose money in the long term the _ actually lose money in the long term. the office of budget and responsibility made that clear, it's a physical— responsibility made that clear, it's a physical risk not to act on climate _ a physical risk not to act on climate change.— climate change. that is the important _ climate change. that is the important point, _ climate change. that is the important point, she - climate change. that is the i important point, she referred climate change. that is the - important point, she referred to new york and the subway and the

. — the treasury. it wouldn't cost more to go to college, the _ the treasury. reinvested in the college system. we provide our learners with opportunity, we want the equality of opportunity, we want the equality of opportunity that is given to academies and fee—paying schools and meeting _ academies and fee—paying schools and meeting that priority. let�*s academies and fee-paying schools and meeting that priority.— meeting that priority. let's talk to pe er meeting that priority. let's talk to pepper who _ meeting that priority. let's talk to pepper who works _ meeting that priority. let's talk to pepper who works in _ meeting that priority. let's talk to pepper who works in property - pepper who works in property development. you said you want to see investment in social housing. iterate see investment in social housing. we need more housing across all ten years— need more housing across all ten years and — need more housing across all ten years and all— need more housing across all ten years and all parts _ need more housing across all ten years and all parts

treasury are concerned about. and they are attempting to address. it would not be in the domain of fsoc. >> you feel you have a handle on the threats and where they are coming from? because they continually -- it applies to our financial system. cyber and other situations. but as it applies to our financial system, if they could undermine and take away our confidence in it, they have a great step towards achieving their goal. >> well, we are particularly concerned about cyber threats, ransomware, and a.i. >> let me talk about a different issue that senator allen and i have been working on for a long time. it deals with four countries. north korea, iran, russia, and china as it applies to buying foreign farmland. we have a bill. we have asked that that sifius really be the lead on it and i want to get your help on it because frankly we have some pushback because sifius does not think this is in their purview. i happen to think agriculture and food is national security and there are dictatorships around the world that uses food to control. so the real

there are a lot of treasury departments and...k of the treasury, so that the regions receive money for their programs for national projects, funds are allocated so that everyone the state's budgetary obligations are fulfilled so that the system works quickly and accurately, government agencies receive money from accounts opened within the framework of a single treasury account, the implementation of national projects, government programs, and socio-economic initiatives depends on how quickly the resource is delivered to the recipients' budget without delay. which were supported by the president, today, the efficiency of the treasury during the transition to a single treasury account has increased significantly, i would like you talked about the results of this work for the twenty -third year, of course, last year was a landmark year for the entire budget system, due to the fact that the execution of the federal budget was the best indicator of 98.2%. in conditions of increased expenses, all payments were made uninterruptedly, prec

i believe the treasury department has worked with you. we are happy to do that. >> i appreciate that. it is bipartisan and i think a real threat we need to take seriously we found out about a chinese dinner who bought 200,000 acres in oregon and we did know anything about it. we need to be more proactive. thank you for being here. >> thank you. that chinese billionaire, i spoke with the farm bureau and one of the things they're working on is, not just prohibition, but having the data , and we will come to you and the administration about how to do that. we have a bill to do it but it needs to be more aggressive so we know what they are doing with their sleight-of-hand. senator smith of minnesota is recognized. >> thank you. welcome, secretary yellen. good to see you. i appreciate the chance to be with you. i would like to ask about some of the broader economic issues that we see and respond to the questions senator kennedy was asking you. as the fed has raised interest rates, a lot of economists predicted that the economy -- we would be w

all their accounts were transferred to the treasury account. yes, we had a number of oil universities, of course , there are still a handful of medical sciences universities and a number of two or three special companies. they are no longer an obstacle, the problem is this. that they previously , they had obligations with the country's banking network until the contract expires in the banks and the time limit has to be borne by the bank. they will be put in full form. we faced resistance in the first year of the government, that is, they said, why do you want to open an account ? we ourselves have accounts in the banks that we work with . mr. president, it is a good thing that the government should close two cases, one is a single account case of the treasury , which is disciplined. well , what do you want the companies to do to organize your home ministry? let's face it, it is the state companies that are resisting there. both the ministry of home affairs and the executive bodies of the three branches of government, the parliament, the judicia

some of you can do as secretary of the treasury and some needs congress. you have been very cooperative. last march, almost overnight, the actions of a few bank executives but the entire system under stress, thankfully , the system stabilized. risks to our banks can build up and suddenly emerge without much warning. our banking system faces unexpected stresses, explain how strong capital rules reduce systemic risk and help to protect depositors and small businesses? >> capital is available to absorb losses from unanticipateo shocks. what happened last march is a couple of banking organizations that had really mismanaged their interest-rate, a classic risk, something in a rising interest rate environment can lead to realized or unrealized losses for banks. strong capital enables these banks to remain viable, not to fail. unfortunately, silicon valley bank started -- touched off, it had a lot of uninsured deposits, that liquidity, and when it suffered these losses, it suffered a run, that run threatened similar runs at other institutions that also had exposu

today , the efficiency of the treasury. during the transition to a single co-treasury account increasedntly. i would like you to talk about the results of this work for the twenty- third year, please, you have the floor. dear mikhail vladimirovich, of course, last year was a landmark year for the entire budget system, due to the fact that the execution of the federal budget was the best indicator of 98.2%. and all regions also reached out. under these conditions, in the face of increased costs , all payments were made without interruption, precisely thanks to the system of treasury payments. especially for us. much of last year was the implementation of the instructions of the president of the russian federation on the implementation of digital acts; last year digital acts worth 7 trillion rubles were signed. i would like to ask you to take an active part together with colleagues from the fas, with federal tax service, in a commission that will work to monitor all relevant approaches related to pricing with the implementation of budgetary obligations in defense. resources will be used t

it is important that treasury final rule upholds congressional intent. i sent a letter with over 100 of my colleagues outlining several key revisions to the proposed rule that we are urging treasury to adopt, including creating project labor agreements as evidence of compliance and establishing a front end monitoring system for employers that intend to claim the bonus credit for their clean energy products. our collective concern is that low road contractors in the construction industry try to evade federal prevailing wage laws and provide fly-by-night training to their workforce. secretary yellen, what steps is treasury taking to set up robust enforcement of these labor standards to ensure projects pay prevailing wages and utilize registered appendices and will those steps include our suggestions around plas and front end monitoring? >> we are working closely with the department of labor to respond on this issue and provide some clarity on the requirements. when a taxpayer goes to claim the credit, there will be rigorous procedures to make sure, given t

also, this is the issue that tripped up the treasury tripped up the treasury secretary, the treasury this was this was new low. up the treasury secretary, new low. this was a new low. not everyone did excellently well. i felt very sorry for the chief secretary of treasury. well, it was a little crash. putting past car crashes aside, let's talk about the biggest collision of all, which was the unfunded liz truss, kwasi kwarteng... liz truss was worse than the chief secretary's cock up on. liz truss was worse than the chief secretary's cock—up. but let's just get to what faisal islam calls jeremy hunt's origin story. he came in as chancellor and by simply being jeremy hunt in a pair of trousers, calmed the financial market before he'd ever done anything. so, we were reminded jested by faisal islam thatjeremy hunt has to borrow gordon brown's prudent statement, because that was how it all began for him. yeah, absolutely. look, most chancellors, most of the time, are saying that they're being prudent people. in fact, even if they're spending money and giving money away, they're probably

you worked at the treasury department. the i.r.s.inflation reduction act that was running on cobalt. it was before our country had personal computing machines. so we are working on modernizing our government and making it more effective. we know that matily our ability to use tools like and our strength comes from having a and the choices we made and the within the american economy that are created by the american people. mike: so sorry about the iran, north korea, cuba, now russia. how do you rate a strong program against russia. i am surprised when you have 500 more sanctions to impose like you did, another 500 up your sleeve? how much could we ratchet the sanctions up on russia? mr. aderholt: those who spend time -- >> you are constraining the access for things like foreign direct investment and foreign direct investment in russia is now negative. and theúm kreml has asked their intelligence services to find ways. a lot of what you are going to see us doing is russia cut out companies and take steps and we are going to find ways t

operational efficiency increased with the transition to a single treasury account.andmark year for the entire budget system, due to the fact that the execution of the federal budget was the best. 98.2%. and all regions also reached out. in these conditions, in conditions of increased expenses, all payments were carried out uninterruptedly, precisely thanks to the system of treasury payments. last year digital acts worth 7 trillion rubles were signed. this is a fully digitized document that reduces payment terms from 30 days to one or two. and if previously 30% of deadline violations were recorded, now there is less than one. digitalization has bypassed, but has not bypassed the trading system; since 2020, the treasury is its operator; 32 types of trading have been transferred to electronic form. the total amount of such agreements exceeded 3 billion rubles. and if the initial price last year was 273 billion, then the final price was 335, that is, the increase was 22%. what is the task for this year? we, of course, take this as an example. procurement system and the

it is important that treasury final rule upholds congressionaintent.ith over 100 of my colleagues outlining several key revisions to the proposed rule that we are urging treasury to adopt, including creating project labor agreements as evidence of front end monitoring system for employers that intend to claim the bonus credit for their clean energy products. our collective concern is that low road contractors in the construction industry try to evade federal prevailing wage laws and provide fly-by-night training to their workforce. secretary yellen, what steps is treasury taking to set up robust enforcement of these labor standards to ensure projects paprevailing wages and utilize registered appendices and will those steps include our suggestions around plas and front end monitoring? >> we are working closely with the department of labor to respond on this issue and provide some clarity on the requirements. when a taxpayer goes to claim the credit, there will be rigorous procedures to make sure, given this is, in most cases, 80% of the total credit. so

two year treasury notes gold look good equity space. i would not be chasing these high flyers that were the leaders over the past months. katie: let us talk about that more because in the survey magnificent seven, long magnificent seven, that was a most crowded trade at 58%. it sounds like you would not necessarily be chasing the big tech names. kathryn: if we are repricing in the market will reprice a fed not as dovish or likely to cut as previously imagined, that is not good for attack. that is not god. and it is not positive for any rate sensitive sectors especially if the fayette -- if the fed maintains nominal rates for a prolonged period of time that increases the rate of recession. at the risk of chasing these top performers that is not the place to be. i would be looking if the market continues to move higher, which is a possibility, i would be looking for equally weighted s&p 500. we have seen a bit of a broadening in the s&p which is a good and positive thing. to get there we would have to see deceleration and really we had on

treasury yields as we've seen -- if only a real expert here on treasuries.-- >> we've got him. >> you came in i looked at you, oh, hey! i was distracted and we feel we know this gentleman. >> because we do. former treasury secretary steven mnuchin is here joining us now. there is so much to talk about. the markets, inflation, white house's new budget plan. tiktok. just closed the infusion deal for new york community bank deal, former treasury secretary sfo founder and partner of liberty strategic capital. start with tiktok. whether it ho should be banned, divested or otherwise. if it is divested who may be a potential buyer? >> i was treasury secretary i chaired cfius and approved and i had president trump sign an order that tiktok had to be sold, and i continue to believe that. so i think the legislation should pass, and i think it should be sold. i understand the technologist. it's a great business and i'm going to put together a group to buy tiktok. >> you're trying to buy tiktok. >>> i am. it should be owned by u.s. business, u.s. businesses. there's no

the federal treasury became the third administrator of budget revenues in the country, right after therities. to the federal budget 541 billion rubles were received. the head of the service told prime minister mikhail mishustin about this. operational efficiency increased with the transition to a single treasury account; of course, last year was a landmark year for the entire budget system due to the fact that the execution of the federal budget was the best indicator of 98.2%. and all regions also reached out, in these conditions, in the context of increased costs, all payments were made uninterruptedly, precisely thanks to the system of treasury payments. last year digital acts worth 7 trillion rubles were signed. this. a fully digitized document that reduces payment terms from 30 days to 1/2, and if previously 30% of deadline violations were recorded, now there is less than one, digitalization has not bypassed the trading system since 2020, the treasury is its operator. 32 types of tenders were converted into electronic form, the total amount of such contracts exceeded 3 billion rub

the treasury have to whether some _ that the treasury have to whether some of— that the treasury havee decisions in the i that the treasury have to whether i some of those decisions in the short term _ some of those decisions in the short term. ., �* , , ~ , term. you've teed me up very nicely, because there _ term. you've teed me up very nicely, because there is _ term. you've teed me up very nicely, because there is a _ term. you've teed me up very nicely, because there is a snap _ term. you've teed me up very nicely, because there is a snap paul - term. you've teed me up very nicely, because there is a snap paul coming. j because there is a snap paul coming. let mejust show because there is a snap paul coming. let me just show you some of the polling done after the budget announcement. some three quarters of the public say the chancellor's budget is not enough to help them with the rising cost of living. and then more training for the government, 60% say it the government's economic plan is not working. that's actually up 11 point since november's autumn statement. it was back at 4

secretary yellen, i'm gad to fo funding at the department of treasury.o discussing how the department will ensure the wealthiest americans and large corporations, pay their taxes, improve the taxpayer experience. increase community development and job creation. combat money laundering, help implement the investment review program, and support the sanctions activity ■!to weaken vladimir putin, iran, and others of our adversaries, and particularly putin's assault on ukraine. but i have to say this and the three of you will understand my saying this. while i have the three of you and secretary yellen, i want to say thank you for all of your work on the child tax credit. people told me that the irs would never monthly basis. and to director young and to chairman bernstein, you know there were peopnever be able to $3,600 and $3,000. there has never been a federal program that such a short amount of time. the tax credit is the most effective tool we have in the fight agrising costs. it is the antidote, about financial stability for families. i'm proud of our h

in addition, he found that it was meant that my money would not be deposited in the accounts of the treasury unit, that the government should make the best use of its resources, that the government should spend money , apparently, but that contractor did not reach the end of the line , he built a road and a hospital. how much has this happened now? i am happy to inform you that at the end of 1402, this case was also closed, which means that all its aspects are final. or government agencies, any contractor who signs a contract with a government or quasi -government agency, actually directly from the treasury account, this happens as soon as the contractor's status is confirmed. executive body it issues the approval, the program organization makes the approvals again for final approval and the payment order is issued for the construction project. this actually comes from the program organization in the ministry of economy and treasury of the country. it actually deposits this to the contractor's account. direct credit for the final benefit, which is already in the middle. in fact, in the accou

it's very dangerous to be short of treasuries here.ou've got to have a very interesting narrative to justify the short for treasuries. the minimum you can be is neutral and small long. i think that the growth narrative has been the biggest challenge and if i put together what explains u.s. exceptionalism, it is the fiscal population group, maybe even some productivity, who knows? but that explains what has happened in the last year or so, doesn't tell you the next 10. the 10-year treasury yield should fleck the average over that period? does anybody really think that 3% real gdp is going to be the case for the next 10 years? because it looks to me that that is very unlikely. lisa: maybe not, maybe the growth story isn't going to be there, but there is an argument for the inflation story to be there, especially given the election, even more protectionist policies, given some of the issues that are not going away with respect to wages and just the fiscal money that has been cyclical which is sort of counterintuitive. how do you dismiss t

in a nutshell, i feel there is downside for treasury prices or upside for treasury yields. haslinda: look at japan, it is about the yen. are we looking at a yen reversal? omar: i don't think so, at the risk of being anticlimactic. i continue to think that the bank of japan will continue to be rather gradual -- you see -- you hear governor ueda mentioned the words slowly, gradual, i think they will do the minimum. for two reasons. one is i don't think they actually believe japan has an inflationary problem. i think they are calibrating to a sustainable polity that is accommodative. i don't think they want to risk any financial instability. they are really taking their time and are hoping that the global macroeconomic environment will give them some breathing time. my view is that it will be a very dovish exit for the bank of japan from its current monetary policy. haslinda: forget about the yen getting to 130-135. omar: i'm looking at 140-150. for it to go to 135, we need a surprise from the fed or the bank of japan. haslinda: talking about china -- here comes vanke and the

all their accounts were transferred to the treasury account ., we had a number of oil universities , of course , there are still a handful of universities, not many, of medical sciences and a number of two or three special companies, but they are no longer an obstacle. this is the problem. they already had obligations with the country's banking network. as long as the contract expires in the banks and its term ends, the bank should bear it as soon as the term of their bank contracts expires. to the automatic form will be entered into the account of the treasury unit , which means that their accounts will be placed in full form with the central bank . we faced resistance in the first year of the government, that is, they said, why do you want to open an account? our accounts are in the banks that we work with. we know how our relations between the institution and the bank will eventually be formed, but thanks to god, with the support given by mr. president and the good reason issued by the government in shahrivar 1401, we should finish the case i

the us treasury secretary warned china against flooding the market with cheap clean energy exports.like electric vehicles and lithium ion batteries. she said that we have seen this story before and likened this moment to the way china overproduced metals such as steel and aluminium years ago. the department says it is not only a question of price ability, they say it also hurts american companies and workers. the us is working on pumping up its own clean energy sector, offering tax breaks and subsidies to developers. meanwhile, the us is taking steps to blunt the power of china's chipmaking industry which it fears can be used to make advanced ai chips that strengthen china's military. it urges ally countries to keep from servicing some important chipmaking tools for china, much like rules already in place in the united states. the chinese president said that such policies will only lead to division and confrontation, adding that no forces can hinder the price of china's technological process. the battle comes as the secretary is getting ready to embark on her second trip to china as

the us treasury secretary warned china against flooding the market with cheap clean energy exports. electric vehicles and lithium ion batteries. she said that we have seen this story before and likened this moment to the way china overproduced metals such as steel and aluminium years ago. the department says it is not only a question of price ability, they say it also hurts american companies and workers. us is working on pumping up its own clean energy sector offering tax breaks and subsidies to developers. meanwhile the us is taking steps to blunt the power of china �*s to making industry which it fears can be used of china's chipmaking industry which it fears can be used to make advanced ai chips that strengthen china �*s military. it urges ally countries to keep from servicing some important chipmaking tools for china, much like rules already in place in the united states. the chinese president said that such policies will only lead to division and confrontation, adding that no forces can hinder the price of china �*s technological process. the battle comes as the secretary is g

next, issue that we have paid more attention to later on in the program, the us treasury secretary janet yellan, urging israel to restore economic ties to the west bank. she said that she had called on prime minister benjamin netanyao of israel, to reduce barriers to commerce for palestinians. then uh, we took a look at another website, it said the gaza war, again they call it war, we call it an onslaught or aggression, turns the west bank into economic time bomb. what not to say israel's decision to ban cross-border workers and block palestinian funds has pushed the local economy to the brink of collapse. we squeeze in one more, the world bank warns on the dire state of the palestinian economy because of the continuing war and its effect on employment and consumption on the west bank. the palestinian authority finds itself in a spiraling fiscal crisis which can only cope with by increasing rears of payments and through foreign aid. show so bad. the occupied west banks economy is doing. all right, let's uh bring in our guests for our first uh q&a of the program. joining us is oliver boyd

now all their accounts have been transferred to the treasury account. had a number of oil universities, of course, there are still only a handful, not many, of medical sciences universities and a number of two or three special companies. they are still not an obstacle anymore. the problem is that they already have obligations with the country's banking network. as long as the contract expires in the banks and its deadline is over , the bank has to bear it. as soon as the deadline of their bank contracts expires, it is automatically entered into the account of the treasury unit, i.e. with the central bank, other accounts they will be put in full form. we faced resistance in the first year of the government , that is, they said, why do you want to open an account ? we ourselves have accounts in the banks that we work with. with the support given by mr. president and the good interview that the government issued in september 1401 , we closed two cases in 1402, one case of the account of the treasury unit, which we can say is a hundred percent in the accoun

next, issue that we have paid more attention to later on in the program, the us treasury secretary janet yellen urging israel to restore economic ties to the west bank. she said that she had called on prime minister benjamin netanyahu. of israel to reduce barriers to commerce for palestinians, then we took a look at another website, it said the gaza war, again they call it war, we call it an onslaught or aggression, turns the west bank into... economic time bomb, well not to say israel's decision to ban cross-border workers and block palestinian funds has pushed the local economy to the brink of collapse. and we squeeze in one more, the world bank warns on the dire state of the palestinian economy because of the continuing war and its effect on employment and consumption on the west bank. the palestinian authority finds itself in a spiraling fiscal crisis, which could only cope with by increasing rears of payments and through foreign aid. shows how bad the occupied west banks economy is doing. all right, let's uh bring in our guest for our first uh q&a of the program. joining us is olive

hillary: what we believe this ongoing because is guided it is so earnest retracted from the treasuryut banks and mission to the start of surveillance on customers and they decide with the turnover to the treasury department. liz: thank you let's look at the show, congressman nelson and homeland security okay we just played at the top of this block, a report about fbi director christopher i, along with other intelligence officials, testifying to the senate intelligence committee on human smugglers and the border with potential ties to ices initially bringing in terrorists you have the treasury department circulating a list of hate groups basically telling banks, no monitor the conservative groups like the family research council every counsel federation for american immigration reform as he groups a domestic terrorist, really. >> yes shows you are more concerned without an political ideology their rope terrorists 2500 percent increase in the number of people in the terrorist watch list during the biden administration and that we know if bus remember this, it is about 2 million people

today, the efficiency of the treasury during the transition to a single treasury account has increasedhe fact that the execution of the federal budget was the best indicator of 98.2%. in conditions of increased expenses, all payments were made uninterruptedly, namely... to the treasury payment system. last year’s set was especially important for us. execution of the order of the president of the russian federation on the implementation of digital acts. and what is this? this is a fully digitized primary document, approved by the tax service, which allowed us to reduce the time frame; in general, we record violations. previously there was a 30% violation of signing deadlines, now it is less than 1%. payments were made within 30 days, now it takes 1-2 days. digital acts are convenient in working with government contracts for suppliers and contractors, made. electronic services based on a unified public procurement system, all documents are generated remotely, the processes are automated, last year 7 trillion rubles worth of such digital acts were signed, this is 80% of all government pro

, secretary, the treasury on the deficit.w low. i felt very sorry for the chief secretary of treasury. putting past car crashes aside, let's talk about the biggest collision of all, which was the unfunded liz truss... kwasi kwarteng. .. liz truss was worse than the chief secretary's cock up on. but but let's just get to jeremy hunt's. what faisal islam calls jeremy hunt's origin story. he came in as chancellor and by simply being jeremy hunt in a pair of trousers, calmed the financial market before he'd ever done anything. so we were reminded jested by faisal islam thatjeremy hunt has to borrow gordon brown's prudent statement, because that was how it all began for him. yeah, absolutely. and look, most chancellors most of the time are saying that they're being prudent people. in fact, even if they're spending money and giving money away, they're probably saying they're doing it prudently, which again, is what he was doing. kwasi kwarteng has told us that he was just wrong. kwasi kwarteng is the one exception who, even after t

the us treasury secretary warned china against flooding the market with cheap clean energy exports.ctric vehicles and lithium ion batteries. she said that we have seen this story before and likened this moment to the way china overproduced metals such as steel and alumina years ago. the department of administration does not only a question of price ability, they say it also hurts american companies and workers. us is working on pumping up its own clean energy sector offering tax breaks and subsidies to developers. meanwhile the us is taking steps to blunt the power of china �*s to making industry which it fears can be used to make advanced ai chips that strengthen china �*s military. it urges ally countries to keep from servicing some important making tools for china, much like rules already in place in the united states. the chinese president said that such policies will only lead to division and confrontation, adding that no forces can hinder the price of china �*s technological process. battle comes as the secretary is getting ready to embark on her second trip to china as treasu

and did you ever receive any explanation for me that the treasury department or the justice department? i don't believe that i was supposed to be on the 0. i'm just a regular person who did his job and came out with the truth. i don't want any money or any positions or anything else from anybody. i didn't ask for it. i just did my job and i didn't ask race and actually nothing originally i for anybody else spoke to the trump industries. i've done an apology. after all this happened, i will not say to which sources and from room, but i got an apology from a higher level of sources, official. and the happened to me. and i just said from my, from i just, i don't know what, who was the homeless? it was not people who are close to trump today because of people who are this will be tray, trump and like, punched on peo and people. other people who were involved in the situation and does that only because they were involved in us. but also people are from booster fridays and democratic side were involved with the dc, they were to possibly find on the situation. so my situation here, i'm part o

treasuries a bit lower in the session.il as well, dipping actually ahead after that official report. opec saying that latest supply cut have stalled. it is really about whether countries can meet or whether they are exceeding their quota. iraq is one of those that have gone beyond their quota. futures just coming online here. it was that focus on the u.s. inflation reading, topping forecasts for a second month in february. the advance seems to reinforce the fed's cautious approach to cutting rates. let's bring in u.s. economy senior editor chris hansteen. chris, these numbers, do they breathe any real into the narrative that inflation is sticking in the u.s.? chris: for sure. you look at the core cpi at 0.4 percent in february, that is a monthly gain, the second straight month of 0.4 percent. 0.4% is totally inconsistent with the fed's to percent inflation target. and, in fact, that back to back 0.4% for gain in cpi was the hardest two month that we have seen since the spring of last year. so this is not the direction that

next, issue that we have paid more attention to later on in the program, the us treasury secretary janet jellen urging israel to restore economic ties to the west bank. she said that she had called on prime minister benjamin netanyahu of israel to reduce barriers to commerce for palestinians. then uh, we took a look at another website that said the gaza war, again they call it war, we call it an onslot or aggression, turns the west bank into economic time bomb, what not to say israel's decision to ban cross-border workers and block. palestinian funds has pushed the local economy to the brink of collapse. and we squeeze in one more, the world bank warns on the dire state of the palestinian economy because of the continuing war and its effect on employment and consumption on the west bank. the palestinian authority finds itself in a spiraling fiscal crisis, which can only cope with by increasing rears of payments and through foreign aid. shows how bad the occupied west bank's economy is doing. all right, let's uh... bringing our guest for our first uh q&a of the program, joining us is oliv

treasuries on the back of comments from chris waller.nts more data before he is that confidence. he argues you can push out those cuts into the future. two year 460. the japanese yen continues to gain our interest on the intervention to risks from japanese officials, 151.34. 152 seems to be the light of the sent. brent, it is six dollars per barrel, a bit of again after the softness on oil prices of .4 of 1%. gold up .10 of 1%. let's take a close look at 2024's first quarter. kriti gupta brings the context. the year has brought currency surprises. >> surprises but not surprises, it is an easy story when you look at the japanese yen, the swiss franc, the underperforming conference -- currencies that create the basis of the carry trade that creates complacency in this market. it is easy to grab yield and the fx space if you were going short the yen or swiss franc, and that is spend the theme in the first quarter despite the fact that we got to be a day hike and had the era of negative rates complete end, and yet we are waiting for cuts to

brian, i know the same thing for treasury with the financial services sector.hey call out the expectation that you are going to do that work read hopefully can share with us how that is going. >> as far as the executive order , we were assigned to produce a report on ai for the financial sector. we really did this as part of a continuation of an effort we posted a year ago on cloud. we did that same model again. we started to talk to a bunch of different firms, financial firms, ai providers, other folks in the space to really kind of understand how ai is being used within the financial sector where a lot of the risk was about opportunities and how we think about this space going forward. i think some of the key illusions we had which are not finalized yet, ai has been used in the financial sector for many years. one firm has been using it may be up to 50 years and we heard some other small firms that are just starting to think about it. so these type of models aro is helpful within firms to understand the risks they are having and how to address that. but ai re

there is a huge supply of treasuries this year coming into the market. sonali: it is incredible, the stanek -- janet yellen and stanley druckenmiller issue. we talked about how the repo markets have seen stresses, it should not see stresses. it has impacts on the broader capital markets. whether it is any strains in the repo market you could see or higher interest rates, you advise companies on bankruptcies. in future distress. what does the worry look like under the surface? >> it is a function of the higher interest rate environment we are in. corporate america, if they were smart during a low interest rate environment that prevailed up until the pandemic and through the early part of the recovery, before the fed started raising interest rates to deal with inflation. as that low interest rate debt that was incurred over the last 10 years matures, companies are refinancing in a much higher interest rate environment. i think the interest rate environment will stay higher for longer. in part because of inflation not being where the fed wants it to be. and

so i myself, on my own and this i've got sanction boston sanctioned by the us treasury department. the but the lucian and i, i got thrown on the bus. so i'm, i'm, i'm my own on this. i have to see. i had to see the credit because i was put on the show list on the floor as of jonas, when the war started, i could sanctioned by my own government. the print on of the project was the last to machine was not everybody know. and i have to flee abroad, not to russia. i had to say abroad to save my life. and that's what i fired for to get my life back. that's i can i just get a job? so i maybe, if i wasn't agent, i would be feeling much, much better, much more possible and i have a much better house and our low that's our future to fight for, for down on friday for my own. just each of the person and my family structure and the future of peace in the brain. tell us about your experience with rudy giuliani juliani had taken an early interest in hunter biden's business dealings in ukraine . you had some information about that. tell us about it. oh, yeah, i oh, no, major julie, i was looking f