and new reports citing confidential document claimed that the enter american development bank has big plans for ben as well but those plans require that the country make substantial changes to its leadership first r.t. is rachel love and has the details as the united states continues to increase sanctions on venezuela the inner american development bank is reportedly planning to give the country forty eight billion dollars in capital but only if president nicolas maduro is there were thrown this plan was apparently referenced in a pair of confidential documents titled venezuela challenges and opportunities which outlined a four year plan to open the country's economy to foreign corporations. their report argues that by promising to pump billions of dollars in capital into the country the i.d.p. would be persuading foreign governments and businesses just support the push to overthrow. the people of venezuela battling not the power. it is and struggling to gain access to basic resources in recent weeks members of the i.d.b. were reportedly set to discuss the proposal at the bank's annua

we are also requesting authorization for the planned shared purchase in the north american development bank with the goal of working more closely with mexico to improve economic conditions. i look forward to your questions and discussing ways to create more jobs and more opportunities for hard-working american families. thank you very much. >> thank you very much. secretary chairman neil requested the presidents tax returns last week section 6 103 of the internal revenue code state that. when the committee makes such a request the secretary shall furnish in return or return information specified as such request. you have been asked to comply with the law today and i can imagine you may feel your job is on the line as secretary. yesterday president donald trump forcibly altered secretary nielsen and added to a long list of cabinet level officials that he forced out including chief of staff john kelly, secretary of state rex tillerson and attorney general jeff sessions. treasury secretary steven mnuchin will you comply with the law by the deadline tomorrow and furnish the tax returns even if

billion dollars in loan or a multilateral institutions this includes the world bank in or american development bank and the d.a.'s and development bank to predict what we need to feel as a potential factor in ecuador revoking the limit on the island just this month and today's meeting the i.m.f. is also expected to address it right then and now the head of the i.m.f. and the world bank are now faced with the big challenge on whether or not to recognize the opposition leader and self-proclaimed president as the country's leader new head of the world bank david malpass border ordered the benefit of the current so that the world bank will be deeply involved and we are preparing watching just to see how exactly you she may get involved and to what extent reporting for boom bust there montecito. american oil giant chevron has into a thirty three billion dollars deal to buy into darko petroleum the agreement will boost chevrons natural gas and shale business in announcing the acquisition chevron said it would issue two hundred million new shares and use a billion dollars in cash to make the purchase they

billion dollars in loans a little and to show how they think with the world bank the inner american development bank and the p.a.'s and development bank that critics have pointed to the field as a potential factor in ecuador and revoking to leave it on the island just this week monday and today's meeting at the i.m.f. is also expected to address that right this minute well how the head of the i.m.f. and the world bank are now faced with the big challenge on whether or not to recognize the opposition leader in telford claim president as the country's leader new head of the world bank david malpass water borders the benefit of the current that the world bank will be deeply involved and we are preparing for that but the situation is still a problem on the ground. i will be watching to see how and that we may get involved and letting that morning from them back down on tear down that. american oil giant chevron has eighteen to thirty three billion dollar deal to buy and a darko petroleum the agreement will boost chevrons natural gas and shale business in announcing the acquisition chevron said it would

university and ricardo haas a man her father is currently the envoy of wand wedo to the enter american development bank the biggest lender in latin america looks a lot like miss hospitable minded venezuelan who wants what's best for her people it should be nerves or that her father has a lot to gain politically and professionally should regime change happen very cool of the new york times not to mention you know the fed to john houseman's dad is an economic advisor folk might know that the folks who handle ethics of the new york times have a special section dedicated to possible conflicts of interest from contributors stuff members must be sensitive that perfectly proper political activity by their spouses family or companions may nevertheless create conflicts of interest or the appearance of conflict but in the end the new york times didn't really care they presented her as just another voice we were aware of her for this biography before publication but miss housman is an independent adult woman has built a popular following on her own by producing a portfolio of argued videos about venezuela. and it

vonnie: the inter-american development bank has recognized the government of juan guaido. ticipate other institutions will do the same, such as the world bank, imf? ricardo: the difference is that they are shareholders that are different. they have different weights. it is not up to the world bank or the imf, but their membership that needs to vote. whatssue centers around will be the position of western europe. there is divide within western europe. they like to vote as a block. they have to sort that out. imf haseantime, the blocked maduro's access to the imf, so he has not been able to withdraw funds that venezuela has there. those funds will be available when this usurpation period ends. amanda: to that point, this is an economy falling deeper into economic crisis in the with immediate needs, to fix the electricity grid, access to water. without access to those ims funds, i'm curious to know what might be available. what is the process by which venezuela can avail themselves, unless quite a is installed? right, the only way to solve the crisis is to end this proved to o

both the bush and obama administrations invited the chinese into the inter-american development bankulti- lateral lending. lou: these are not the most clever people in those two administrations. >> no and essentially what you had is this whole idea you work with china, this wall street -- lou: so what do we do now? >> well i think what we'll have to do is going to be a fight on financings, so it's going to be important and we'll also have to jaw bone some of these governments because they need us , they need our tourists, that's going to be difficult for us and we've got to put the hard word on the chinese about getting them out of the region because as you said on thursday when you were interviewing k. t mcfarland, the entire hemisphere and the caribbean are on fire, and -- lou: there seems to me to be an essential awareness that is necessary and that is that this is not simply about finance when it comes to china. its initiatives in this hemisphere. this is also about ideology and philosophy and it is in the minds of some leaders in this hemisphere whether in the caribbean central

included among others the international civil aviation association -- organization, the inter-american development bank, the world bank and the united nations. his work with the world bank brought him to washington, d.c. in 1976. marcel, albert married who moved to france in 1960. they have three daughters. they have given them 11 grandchildren ages 24 to four years. albert describes himself as a real movie buff, enjoys photography and loves to read. and he loves to travel. they have been to china, south africa. they went to australian and new zealand in 2018. last month, they returned from israel, vietnam and cambodia. albert volunteers at the museum, speaking often to classes of students from all over the country. sometimes by teleconference, where he tells his story. he sits at the donor's for visitors can talk with him. inould like to ask you an welcoming our first-person, mr. albert garih. [applause] >> thank you so much for joining us and your willingness to be our first person today. thank you for being here. albert: you are welcome. >> we just have a short hour so we will get started as quickly

kelly when he was secretary of homeland security went, and so did luis moreno, of the inter-american development bank, i think they were the three co-sponsors with the government of mexico, if i remember this right, i'm looking at duncan. mexico institute, very good job and the point was to provide help to these governments, it will clean up corruption and provide to deliver services and stimulates the economy so people will yen rate jobs to employ people in stable countries. i think as we -- at least i thought then, i still think, i think you agree with me that that option would be better than cutting all these folk office cold turkey. if they cap even do it. can congress stop the president from doing this? mr. mccaul: i don't want to give away -- we are planning to have a hearing on this coming back. ironically, we were talking about strengthening the central american regional security initiative. i think it's a great return on our investment. because if you can stabilize those nations, take the root cause of the problem away. the immigration things change. when i was a federal prosecutor, usually

we are also requesting authorization for thetu plan she purchase in the north american development bank with the goal working more closely with mexico to improve economic conditions. i look forward to your questions and discussing ways to create more jobs and more opportunities for hard-working american families. thank you very much. >> thank you veryam much sec. mnuchin. chairman neil requested the president's tax returns last week. section 6103 of internal revenue. when the committee makes such a request "this they shall furnish specified in such request". you have been asked to be complied with the law today and i imagine you feel your job as secretary is online. yesterday, president trump forcibly out stirred secretary nielsen and to a long list of cabinet, level officials say he forced out including chief of staff john kelly, secretary staff and attorney general jeff sessions. will you comply withh the law bt the deadline tomorrow in british the tax returns even if it means you may be fired by this president for doing so? >> first of all thank you very much for that question. i had

categories but for banks which is much more profit it's much harder to make those payments especially to the american state than for banks with so high profits and obviously this is develop and if you just look at deutsche bank paid around its own market value in penalties during the last let's say eighty years and that of course hurt a lot and right now we're actually in a week right now would you want your bank is in merger talks with germany's second largest lender. is that the way forward this kind of consultation. depending on your luck if you say to but there's a way to go through is having higher bank profits through lower competition which would not be good for the economy overall that's the way to go maybe but in the end all these banks have problems inside the bank there must hold for themselves and to make them more complex by merging them doesn't make sense easier to write a book or the holder of the chair in banking and financial services at the university of hawaii thank you so much for your insight. japan's soft bank is to invest nine hundred million euros or a billion u.s. dollars in the troubled fifth financial technology company why is the german firm s

however, i wondered if you could hook a little bit of the development of the american banking system and let's say the french into the churning that the english. the result of our peculiarities, these thousands of small local banks and so forth that central institutions have been owned by the private institutions. the fed has seven of the 12 directors out elected by the private banks and that isn't of course true for the comptroller but as you say that congress is fun funded by the banks and perhaps it's also not on the table to change this, but would it be desirable flex >> i don't know. i haven't thought that hard for our crazy system. it worked somehow often by the seat of our pants. you see this mistrust there's a reason why we have 12 federal reserve banks and again, that was to mitigate the mistrust of centralized power and those are owned by the regional banks that they are shareholders. it is owned by the banking industry and it was this idea of power and i am fine with that. there is a strain of americans distrusting power. reading for the first time in many instances the ar

problem for all of the western hemisphere where is the organization of american states, where is the international development bank on helping solve these problems these are things we can be doing there. on the ground, you're seeing impact of these border patrol agents have, and lindsey graham in his earlier statement showed how it's only 10%, 10% to 14% of people that apply for asylum only actually get asylum, but we shouldn't be treating everybody who shows up at the border as an asylum seeker. all of them are not claiming credible fear. why are the men and women and border patrol and i.c.e. being told to handle everybody as if they are asylum seekers? they have something called expedited removal and if you try to sneak in our country you have three opportunities to apply for asylum, that is your motivations are not pure and you should be deported immediately. these are some of the tweeks that could happen right now to make sure the men and women in border patrol and i.c.e. and cbp have are able to continue to do their jobs. maria: but congressman just to be clear and with all due respect people are blaming you

we need to be engaging things like opic, the international development bank, organization of american states, in order to address those root causes, which is going to be ultimately the solution. and then here, one of the things our acting secretary has is, you know, border patrol has a transportation contract to move you from point "a" to point "b." ice in the same location has the same -- there's a lot of efficiencies that can be improved to prevent things from happening, like this past quarter, 78,000 man hours were spent by border patrol at hospitals dealing with immigrants. why are we not contracting out that service? so there are some administrative things like that, that can improve the situation. and we do need to address some of our asylum laws. our asylum laws are being taken advantage of. a 1950s asylum laws are not going to solve this problem. but there needs to be a bipartisan conversation around that. >> but that's the law of the land right now. if somebody comes in the united states and seeks asylum, you can't simply just kick that person out and claim, as the president

i would pull together the interamerica development bank, the organization of american states, two organizationsch do lots of work with central and south america and establish a task force. america did this very well in colombia. colombia was a really tough spot. turned the economy around. colombia is now doing very well, exporting, the u.s. is exporting tons there. it's a stable state. we can do this. we know how to do it. we should turn our efforts to focus in that regard rather than cutting the funding there. >> bakari, according to jake's reporting, cooler heads prevailed on the president about shutting the border down. i suppose they could prevail on not reinstating the separation policy. what do you -- how do you see what's going on here? >> well, unfortunately, this is not just haphazard, but it's callous as well. and i agree with david. one of the faux pass that was made in this immigration policy or lack thereof was cutting the funding to those three countries. the president himself and stephen miller even more importantly have stated that they're trying to curb legal immigration. i thi

developing nation. if an american from st. louis wanted to invest in china, can they have full confidence in the hinese banking system? secretary mnuchin: should an american have confidence in the fine ease banking system? there are banks that are well capitalized. their system is highly leveraged. ms. waters: the gentleman from wisconsin, mr. duffy is recognized. mr. duffy: i have concerns about the status of the ongoing negotiation at the international association of supervise voirs and developing anp international capital standard. randy gave a speech in january nd says that it may not be optimal for the united states insurance markets and expressing some concern about this negotiation. looking n to you is, at this tried and true u.s. system of insurance regulation in your role in the fsb, are you going to lean in and protect our system, advocate, fight, negotiate for our system and our capital standards? secretary mnuchin: of course. mr. duffy: are you doing that? are you respected? secretary mnuchin: yes. mr. duffy: if you lean into this, we should get a better result than what we are hearing from randy secretary

developing nation with an american from st. louis would want to invest in china could they have full confidence in the chinese banking system? >> the question was should an american have full confidence in the chinese banking system? it's a general comment i'm sure that banks are there that are well-capitalized and banks that have significant problems. their system is highly leveraged.>> thank you my time is up. >> i have concerns about the status of the ongoing negotiations at the international association of insurance supervisors, developing an international capital standard. i would note that randy qualls gave a speech in january and stated that it might not be optimal for the united states insurance markets. expressing some concern about this negotiation. my question to you is looking at this tried and true u.s. system of insurance regulation in your role in the fsp are you going to lean in and protect our system, advocate fight, negotiate for our system and our capital standards? >> of course. >> are you doing that? >> yes. >> are you respected? >> yes.>> so we should get a better result than what we are hearing from th

americans with 100 employees and their 30 million small businesses which employ almost half of the country's private workforce. according to the federal reserve bank of new york community banks and community development which for anybody that has the butt for that satisfaction for the large banks but the reason for the discrepancy includes unfavorable repayment terms and higher interest rates and issues related to consumer complaints and while you have modestly been increasing your banks and counting only 25 percent of all loans and business which frankly is not good enough. as drivers of the economy we must promote small business and any impediments of access to credit can undermine their business leading to job loss. the cf pv but unlike the markets market we have far less information about what is happening in the small business space including potential discrimination. >> bed is generally they would say the portfolio is over small loans from the sbic data under $1 million size. but then i'm not sure what your conservative but the fdic has delivered to provide benefits to certain customers seeking a mortgage quick. >> congressman first off i would like to apologize to those clients who were affect