crapo: thank you very much, ms. patenaude. my first question, i mean brief here, because i only have five minutes. but i'd like you each to briefly, like within 60 seconds, to take a minute to discuss what your top priorities will be as you are confirmed. mr. hassett. mr. hassett: senator, thank you for the question. if confirmed my first priority would be frankly to recruit a lot of economists. because the council of economic advicers has a proud that -- advisors has a proud tradition of recruiting folks to come to washington to provide unbiased, scientific objective advice to the president. and unlike a lot of agencies, the council of economic advisors turns over a lot. and so there are new people coming to town to serve their country all the time and if confirmed that would be the very first order of business for me. because the staff probably would go from around 35 to 10, were we not to start recruiting. the second thing i could say, a very high priority for me, to increase the transparency of the modeling and the communi

crapo: thank you, mr. president. mr. president, i rise today to speak on the crapo-brown-corker-cardin countering russian aggression and cyber attacks act of 2017. this bill was filed as an amendment. it was filed as amendment 232 to the iran sanctions bill late last night. yesterday, the senate banking and senate foreign relations committees concluded their work on a ground breaking piece of legislation -- ground-breaking piece of legislation regarding russia sanctions. i say ground breaking because the legislation not only ratchets up pressure against the russian federation for its illegal invasion and annexation of crimea, continuing escalation of violence in eastern ukraine and its cyber activities against businesses and citizens of the united states, but it also importantly provides congress with a strong oversight process over almost any termination or suspension of these sanctions. senators corker, brown and cardin and their staffs spent many, many hours to ensure that we put together a thoughtful and measured pro

object, but reserving -- first i want to thank the majority leader, as well as senators corker, cardin, crapo and blown. this is an example of where we can work together on issues that we agree on. i think it will do a lot of good in both directions, in the iran direction and particular loin the russia direction. the lack of trust of mr. putin on both sides of the aisle here is paramount. now this says that these sanctions will stay in place unless congress disapproves them anded as some new sanctions. both good things. i hope the house will pass the bill without change and send it to the president's desk. with that, i withdraw any objection and again thank the majority leader for the cooperation we've had.

crapo: i have not checked with them to see. the dodd frank bill, what is the timing when the senate committee will take up the dodd-frank regulations? we don't have a timeframe yet, but it is one of the top two priorities. we are calling it economic growth and we are encouraging input from all across the economic sectors in the united states to give suggestions as to how do we achieve stronger economic growth and america. becomingy burdens are one of the biggest drains on our ability to have rater -- we have now received that. the banking committee's website has that on it or the public to review. we will build a strong package including a dodd frank reforms as well as additional reforms. , so is a large undertaking we will not be done in a week or two, but it is something we are working on aggressively to get it ready as soon as possible here. david: that was a senator mike crapo. coming up, live coverage of jeff sessions' testimony. we will have that on bloomberg television and radio beginning at 2:30 p.m. the whole complemen

crapo: i rise today in support of mr. marshall billingslea who has been nominated to serve as assistant secretary of the treasury for terrorist financing. mr. billingslea proved that his nomination hearing before the banking committee that he is exceptionally qualified for this job. as assistant secretary for terrorist financing, mr. billingslea would be in charge of coordinating treasury's efforts on terrorist financing, antimoney laundering and other illicit financial threats to the domestic and international financial system. mr. billingslea would work with the entire national security and law enforcement communities, the private sector, foreign governments, and other entities to carry out this mission. as demonstrated at his confirmation hearing, his unique background includes 22 years of experience working with these entities to protect the nation, and it also includes time in the legislative and executive branches as well as the private sector. after 9/11, mr. billingslea served in senior positions in the department

. >> thank you very much senator portman for the kind introduction and senator crapo. distinguished members of the committee. i am humbled and honored to be before you. i am also deeply grateful, and have had a chance to get to know many of you. i would also like to begin as you invited me to senator, by introducing my college sweet heart and wife of 31 years. and next to her are my sons john and james who are sitting behind me. i would like to acknowledge my father john who was a korean war veteran and my mother sylvia and sister julia who are sadly no longer with us. i was raised by two public school teachers in massachusetts. my mother was a kindergarten teacher and my father taught english. and still lives in the same house i was raised in. as i was growing up my pain went through a transition. neighboring turners fall was almost as prosperous housing a paper mill. as we got older, times were changing, plants closed and families started moving away. it seemed impossible to not look around and see what was happening to my town. why did plants move away or close? why

good work of our foreign relations committee chairman, senator corker, and our banking chair, senator crapo, and their ranking members. after eight years of failed foreign policy under the obama administration, eight years of following the obama administration's preferred strategy of drawing down both our forces and our commitments, we must take a stronger stance in deterring iran and holding its regime accountable for its actions and addressing russia's years' long pattern of provocations. these sanctions which are just one of our foreign policy tools, will only work as part of a broader effort to rebuild our military. rebuild our military force structure and combat readiness in order to send a strong signal to friend and foe alike. the united states should no longer stand by and allow threats like these to go unaddressed. and twhet administration completes -- when the administration completes its series of strategic reviews, i look forward to hearing from the president and his advisors their recommendations for countering iran's maligned conduct across the middle east and recommendations

. >> senator crapo. >> thank you, mr. chairman and secretary ma mnuchin i appreciate you being here. >> i don't know i've ever seen a secretary of the treasury who what's been more willing to engage with congress whether it's at testimony in hearings or coming out as i indicated meet i'd havely with senators or dmit tease and working with us to achieve the objectives that we agree need to be achieved so thank you for that. >> thank you. >> with regard to your opening statement, it basically covered what i was going to go through in my questions. >> i appreciate the path you've taken i just want to highlight something there. you indicated that the budget you were working on assumed about a 2.9% growth over ten years, is that correct? >> that's correct. that's significantly lower than what president obama used in his original budget of above 4% growth, i might just point out. >> you've beat me to my question again. that was going to be my question. just by way of comparison, president obama had assumed almost a percent of g

. >> senator crapo. >> thank you, mr. chairman and secretary ma mnuchin i appreciate you being here. >> i don't know i've ever seen a secretary of the treasury who what's been more willing to engage with congress whether it's at testimony in hearings or coming out as i indicated meet i'd havely with senators or dmit tease and working with us to achieve the objectives that we agree need to be achieved so thank you for that. >> thank you. >> with regard to your opening statement, it basically covered what i was going to go through in my questions. >> i appreciate the path you've taken i just want to highlight something there. you indicated that the budget you were working on assumed about a 2.9% growth over ten years, is that correct? >> that's correct. that's significantly lower than what president obama used in his original budget of above 4% growth, i might just point out. >> you've beat me to my question again. that was going to be my question. just by way of comparison, president obama had assumed almost a percent of g

services chairman john mccain, bob corker, and then from the banking committee, the chairman, mike crapo, and the ranking member, brown. host: rachel oswald recovers national security issues for cq roll call. read her work at cq.com. she's also on twitter. thank you for being with us. reporter: thank you for having me. [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] [captions copyright national cable satellite corp. 2017] >> c-span's "washington journal" live every day with news and policy issues that impact you. coming up saturday morning, roosevelt institute fellow discusses republican efforts to overhaul the dodd-frank financial regulation law. and the supreme court's decision to hear a major cell phone privacy case. also, darryl burnett of education week talks about the how every student succeeds act is impacting the ability of states to identify ineffective teachers. be sure to watch c-span's "washington journal" live at 7:00 a.m. eastern saturday morning. join the discussion. >> this weekend, b

you have a bipartisan group of whotors like mike crapo, put together a proposal with senator graham andenator cardin calling for tougher sections on the russians that would codify the sanctions under the obama administration and give congress the final approval should president trump try to refute that come to lock them back. i spoke with senator wyden, a democrat on the intelligence committee, earlier today, and he was what he had to say about the matter. what is especially important to me are the circumstances with respect to his refusal. as you know, in the open hearing, i asked mr. comey about that. mr. comey said that he could not give a full answer because he responded to me there were problematic matters that he could not discuss in public. it,n: so there you have democrats still pressing the administration on the notion of obstruction of justice and the ongoing investigation. but right now, no republicans i'm speaking with our suggesting that there is standing for such a charge. julia: i just want to talk about one thing here, tim, how we tie the comments james comey made last w

vote on a debt ceiling and that would thin the ranks for spending. >> thank you, senator. >> senator crapo >> thank you very much, mr. chairman and i thank you for inviting senator graham to be with us. it's a welcome to see you. we miss you here. i'm glad we're getting -- we still need your wisdom. i want to go quickly into two things. i want to get some numbers out. i wasn't here at the beginning, so you may have said, how many years has it been since we have not achieved greater than a 2% growth. i think it's approaching ten years. >> let me put it this way. there is no president in the in the last 135 years that has not achieved in at least one year 3% growth in their presidency. and i say 135 because annual data is not available before that. but i am convinced that if we actually had the annual data, that the obama presidency was the first presidency in american history that never had a 3% economic growth in any single year. >> well, i think you're headed to where i'm trying to get at. i believe it's correct to say we have not had an economic growth rate over 2% for at least eight yea

crapo: thank you, mr. president. i rise today in support of ms. sigal man delker to be under secretary for terrorism and financial crimes. members of the banking committee were moved by her heartfelt story of her parents' escape from the holocaust. as her father proudly sat behind her, she explained to the committee how as holocaust survivors who narrowly avoided death, her parents raised her to never take for granted our safety, security, or freedom. it was this that motivated ms. mandelker to public service where she had a successful career at the departments of justice and homeland security before joining the private sector. like many americans, she was compelled to action following 9/11 and joined to serve in justices counter terrorism and national security missions. it was obvious that she would be a strong leader to defend our nation against terrorism and illicit finance threats. she received bipartisan support from the banking committee in a 16-7 vote, advancing her nomination. also, with bipartisan support, just last week the senate voted

sanctions do overlap between the two committees and, as i said yesterday, i want to thank senator crapo and brown and the chairman already mentioned -- chairman corker already mentioned this. they were extremely helpful in making sure that we tailor the financial sanctions in a way that is workable and consistent with our european partners so that we can make sure that we have collective strength. i'm sure the presiding officer has been in meetings with our european friends and you know how they feel about russia. they feel they are in the direct bull's eye of what russia is doing. they want the united states to be strong. they want the united states to provide leadership. we need to provide it in a manner that is consistent with their security interest. i think the way this bill evolved, we have a better bill consistent with those concerns. russia, we know their activities. we know their cyber activities against our democratic institutions. as we said frequently, collecting cyber information, all countries do that, but the use of that cyber information to attack our democratic institut

are voting on legislation crafted by republicans such as the senate banking committee chairman mike crapo on a new sanctions against , hacking into political institutions -- and by the way, everyone in the financial sector knows about the risks of cybersecurity in the financial market sector -- to hear from the attorney general that there has been no briefing on at 2016urity and election, that is a moment we will be talking about for quite some time, especially with the backdrop of these sanctions about to pass this week. julia: kevin, really great point, and it cuts to the heart of what we should be debating here, particularly with midterms coming up. kevin cirilli, chief washington r,rrespondent, and sahil kapu national political reporter, guys, thank you very much. that is all for our coverage of attorney general jeff sessions' testimony "bloomberg technology" is in progress with an exclusive interview with apple ceo tim cook. what you see now as your bid for the future of personal computing, all of these platforms? the great thing is they are all built on the same core go through but

the two leaders, chairmans corker and crapo, the two ranking members brown and cardin of the foreign relations and banking committees continue to negotiate a package of strong russia sanctions that can be offered as an amendment to the bill. i hope we can come to an agreement soon, one that at the very least includes legislation put forward by senators graham and cardin that would establish a process for congress to review any russia-related sanction relief. senator mccain, along with senator cardin, has also introduced an amendment for tough new sanctions which i very much support. democrats feel strongly that russia sanctions should move alongside iran sanctions and we're prepared to do what we can to make sure that we get a vote on a good amendment, hopefully a bipartisan one. now, on special counsel mueller. madam president, as we continue to grapple with last week's testimony from former director comey, it seems a new strategy by some on the right is now to question the credibility of special counsel mueller. already former speaker gingrich and others have said negative things a

i spoke to mike crapo earlier this week.e told me directly they have a host of other issues they have to work through until they can address dodd-frank. this is a much more conservative bill than anything likely to get out of the senate. there is some bipartisan support from even some democrats like senator heidi heitkamp, senator joe manchin. again, they've got to get through gse reform, they have to get through a host of other issues, and those russia sanctions. very busy to do list moving through the senate. david: tnk you very much. alex wayne there as well and tim o'brien joining me. our chief washington correspondent. here onaking news glencore. glencore seeking to buy allied stake for $2.55 billion. let's get a check on the markets this afternoon, bloomberg's julie hyman is here with the latest. the nasdaq, and the dow all touched intraday record straight however, it's a different picture right now. the nasdaq turned sharply lower, off 3/4 of 1%. the volume today is eye-popping, 20-day average, specifically for the na

i thank him for it, as did senators crapo, brown, cardin, corker, shaheen, durbin and menendez. i want to thank each of them for their efforts and their expertise in getting this done. in particular, i want to thank senator cardin, ranking member of the foreign relations committee, who is one of the most trusted voices in our caucus on this issue. he did an excellent job of forging a bipartisan consensus on this committee with little regard for the credit he had received. i also want to acknowledge senator brown, our ranking member of banking who has been steadfast in making sure that we get a good sanctions bill, an effective sanctions bill done. we wouldn't have done this also without senators shaheen, durbin, menendez and their staffs. i thank all of them. now, the final result of these negotiations is a good result for our country. by codifying the existing sanctions and requiring congressional review of any decision to weaken or lift them, we're ensuring that the united states continues to punish president putin for his reckless and destabilizing actions. i believe it's par

i have faith that the majority leader and i, along with chairman corker, chairman crapo, ranking member cardin and ranking member brown, will be able to agree on a way forward that allows for a final vote on iran sanctions alongside a strong and effective package of russia sanctions. with that, i yield the floor. the presiding officer: the clerk will report the motion to invoke cloture. the clerk: cloture motion: we the undersigned senators in accordance with the provisions of rule 22 of the standing rules of the senate do hereby move to bring to a close debate on the motion to proceed to calendar number 110, s. 722, a bill to propose it sanctions with respect to iran in relation to iran's ballistic missile program and so forth and for other purposes, signed by 17 senators. the presiding officer: by unanimous consent, the mandatory quorum call has been waived. the question is, is it the sense of the senate that debate on s. 722, a bill to impose sanctions with respect to iran in relation to iran's ballistic missile program support for acts of international terrorism and violations of hu

president, to senators corker, crapo, the chairman of the foreign relations committee and chairman of the banking committee for the work they have done on the sanctions russia amendments. it was a bipartisan bill. our colleagues on the other side, the senator from maryland, others were involved until crafting this legislation, mr. president, and it is demonstration that this body can come together and do consequential things. these are two big national security and foreign policy measures that we have moved today. mr. president, there have got to be consequences for iranian and russian aggression. and this legislation makes sure that there will be. and i'm pleased that it moved today with large bipartisan support here in the united states senate senate, because it will send a clear message to those we hope to make sure hear it. thank you, mr. president. i yield the floor. mr. cardin: mr. president. the presiding officer: the senator from maryland. mr. cardin: mr. president, in april was national minority health month. i point that out because i work with many of my colleagues in order

not but they are beginning together a sections package led by senate banking committee chairman mike crapo. it would codify previous sanctions we saw in the obama administration, and this is really interesting, and i think we should underscore this -- it would also give congress the ability to approve, the senate the ability to approve or disapprove, should president trump at any point decide to walk back russia sanctions. so clearly they are looking to take proactive steps to keep these sanctions very much intact against russia for their actions. i think that is great context and very important to remember, as we await the start of this testimony, which, again, extensively goes back to the idea of russian interference in the elections, but has since taken on broader parameters. we can see jeff sessions, the attorney general, entering the room. he is making his way to the front, where he will be testifying. what is interesting here, kevin, testifyingcanceled before panels overseeing funding of the doj. why did he agreed to testify before the senate intelligence committee? senator forabout

but my senate counterpart chairman crapo i'm optimistic that he will get something done and then, againay this is supposed to work is we pass a bill in the house, they pass one in the senate, we go to conference. but the bottom line is, 1.5% to 2% gdp growth ought to be unacceptable in america. there's been no greater wealth creation machine in the american free enterprise system. you can't have capitalism with capital sitting on the sidelines, and dodd-frank has put a lot of capital on the sidelines. we plan to get it out. >> so, when it goes to the senate, will they look at it and say, we're starting from scratch? or is it different than repeal and replace? >> well i don't know the answer to the question. i think there is a growing consensus that dodd-frank is not working. number one, dodd-frank said it would lift the economy, and yet we're stuck in 1.5% to 2% gdp growth. dodd-frank said it would end bailouts and cynically they got them into law. dodd-frank said it would give us greater financial stability, the big banks are bigger, the small banks are fewer, our corporate bond market

now that you have this -- >> mike crapo is in charge.s on him. >> is there enough oxygen to get this passed? ben white laid out a couple of comments, one that this is like a potted plant, you put it in the senate where it gets no light and no water. another is this is a 600 page doorstop for the senate. is there any incentive or initiative with the senate, with all the other things they're going, and get this passed? >> other than the relief for small banks, no. that's got a lot of support. and they always have. there's a lot of politics there. small banks are extremely important to both parties. especially coming up on the midterm election. and the same thing with the fiduciary rule. financial advisers. there are a lot of them. the cfpb, changing that into a more traditional agency, i don't think that's going to be on the front burner because once the republicans take over they may like the idea of having a director. you know, things will flip over. in fact, i would tell you -- >> that's interesting. that's sort of counterintuitive view

crapo: i rise to speak on behalf of the crapo-brown-corker-cardin legislation. this is filed as amendment 232 and as has been indicated we'll vote on it in just a few minutes. this amendment is the result of a partnership between the senate banking committee and the senate foreign relations committee. amendment 232 ratchets up against russia for its continuing escalation of violence in eastern ukraine and maligned cyber activities against business and citizens of the united states. it also provides congress with strong oversight over almost any termination or suspension of these sanctions. i spoke yesterday about the hard work of senators corker, brown, and cardin and their staffs, and i thank them again for their leadership. i also again thank senators mccain and graham and shaheen who have contributed to these efforts. i recognize our latest cosponsors, senators purdue, menendez, warren, rubio, scott, heitkamp, reed and toomey and appreciate their cosponsorship and support as well. we appreciate the leadership of majority leader mcconnell and democratic leader

>> the leaders are benjamin cardin, john mccain, par bob cor in the chairman mike crapo. >> rachel covers national security issues for cq roll call. read her work and she is also on twitter at oswald rachel. >> thank you for having me. >> but to be his life from the 33rd annual chicago tribune printers rowlett fest. coverage starts at saturday at 11:00 a.m. with author mary dearborn. a new, 2016 national book award winner in his book, "stamped from the beginning" followed at one by michael eric dyson with his book "tears we cannot stop". at four, sidney blumenthal with his book "a self-made man" 18 oh 9 - 1849. coverage continues at 11:00 a.m. eastern with heather and thompson in her book, blood in the water. the prison uprising of 1971 and its legacy. then author jeffrey stone with his book, sex and the constitution. then at three, former congressman trey with his book, a true story of weird politics, money, madness and finger food. i'm in churchill and her well. the lit fast start saturday at 11:00 a.m. eastern on book tv. >> sunday night on afterwards, new american president and ceo an

crapo, proposes an amendment numbered 232. on page 33, line 7, strike subsection -- mr. mcconnell: i ask the reading be dispensed with. the presiding officer: without objection. mr. mcconnell: i ask for the yeas and nays on the amendment. the presiding officer: is there a sufficient second? there appears to be. the yeas and nays are ordered. mr. mcconnell: i have a cloture motion at the desk. the presiding officer: the clerk will report the cloture motion. the clerk: cloture motion. we, the asinine undersigned, in accordance with the provisions of rule 22 of the standing rules of the senate, do hereby move to bring to a close debate on senate amendment 232 to calendar number 110, s. 722, a bill to impose sanctions with respect to iran in relation to iran's ballistic missile program, support for acts of international terrorism and violations of human rights, and for other purposes, signed by 17 senators as follows. mr. mcconnell: i ask the reading of the names be dispensed with. the presiding officer: without objection. mr. mcconnell: i ask unanimous consent the mandatory

services chairman john mccain, bob corker, and then from the banking committee, the chairman, mike crapo, and the ranking member, brown. host: rachel oswald covers national security issues for cq roll call. read her work at cq.com. she's also on twitter. thank you for being with us. rachel: thank you for having me. >> civil war historians converge on gettysburg, pennsylvania to explore the civil war from all angles. american history tv on c-span3 takes you to the conversation at the gettysburg college civil war institute. startse all-day coverage on saturday at 8:30 a.m. eastern and sunday at 9:00 a.m. eastern on c-span3's american history tv. sunday night, on afterwords, president and ceo anne-marie slaughter explores global networking in the digital age in her book "the chessboard and the web." she is interviewed by denis mcdonough, the former white house chief of staff in the obama administration from 2013-2016. >> what would strike me was, we knew there was a world of states and estate reps. when you think about north korea and iran, sometimes china and russia, the world of state to

services chairman john mccain, bob corker, and then from the banking committee, the chairman, mike crapo, and the ranking member, brown. host: rachel oswald recovers national security issues for cq roll call. read her work at cq.com. she's also on twitter. thank you for being with us. >> thank you for having me. >> c-span's "washington journal" live every day with news and policy issues that impact you. coming up this morning, arisa industry's committee james geten discusses how the republican health care reform legislation might impact employer health care insurance plans. and then the week ahead for congress and the white house. be sure to watch c-span's "washington journal." coming up at 7:00 a.m. this morning. join the discussion. >> today defense secretary james mad yosm and james did ou knowford testifies on the pentagon's budget request. >> in case you missed it on c-span retired brigadier general calway on the possible threat of clage on national security. >> you go back to older field there's one that said weather and terrain are the most significant aspects of battlefield comba

chairman corker, chairman crapo, ranking member brown, ranking member cardin are in ongoing discussionsre the majority leader and i, about the content of russia sanctions and amendment. i am hopeful that we can resolve this issue and vote to advance both measures. and, mr. president, a final note on health care. my friends on the other side of the aisle continue to work on their health care bill behind closed doors. they haven't made a -- they haven't made public a shred of bill text or even considered holding a committee hearing to debate the topic, and yesterday my friend, the majority leader, filed a motion to bring trumpcare directly to the floor, skipping the committee process. this is a party that screamed from the rafters read the bill, read the bill when democrats were putting together the affordable care act. we spent one year debating that, over a year debating that bill. we tried with a bipartisan group of six to come up with a solution. republicans, meanwhile, are putting together their bill in secret with no democratic input, and then will rush their bill to the floor witho

encouraged that the chairman of the foreign relations and banking committees, senator corker and senator crapo, have already been in discussions with their respective ranking members to work toward a bipartisan agreement. i support that effort, and i'll have nor say about the underlying legislation tomorrow. now, on one other matter, later today president trump will visit cincinnati to discuss the importance of our nation's inland waterways. kentucky is home to over 1,900 miles of and a halfable inland water ways -- navigable inland waterways which are vital to thousands of jobs in the commonwealth. in recent years over 95 million tons of cargo and agricultural products have been transported across these water trade routes. our many levees, docks, and dams represent crucial infrastructure that play an important role in our regional and national economy. i'm proud of the work congress has done in the past to protect our nation's waterways, like passing the water resources development act by a bipartisan majority last year in order to support infrastructure and advance commerce and maintain amer