department of treasury now the website seems to be down and we don't have an official statement from the u.s. department of treasury however this is what fars news said on twitter the photos news dot com websites is being blocked on u.s. treasuries orders and emails sent to followers newsagency by the provider clearly stated that the treasury's office of foreign assets control as i did the agency to the sdn specially designated nationals list. now if you go on to the internet and type in fars news dot com nothing will come up the website appears to have been removed and now it is important to note that there is now a web site that has been launched with fars news dot i r for islamic republic and that can be freely accessed but that website is only available in farsi in the iranian language and the agency's twitter feed is still active we do see that now fars news is a news agency in iran describes itself as an independent news agency it is frequently accused by western countries and western media of being a government mouthpiece and it is one of the most up to date sources for breakin

department of treasury says it's money it's a currency so i'm going to regulate it and they've actually done some some great improvements and regulating it so it's actually going to be divided and categorized within itself and miles i want to kind of piggyback on what the last thing chrystia here is why do regulators in the u.s. and really elsewhere where they are cracked down to have such a hard time figure out how to how to classify and really how to deal with crypto currency and in the u.s. specifically you know you say in like 4 different organizations are dealing with something that's kind of in a similar sector should we not be looking at the possibility of doing what japan does which is to create a whole new organization to deal with crypto currency so that way it's all kind of held together. oh absolutely and when we look at it you know our securities laws go back to the 1930 s. it was never even contemplated that crypto currency would exist and so we also have to do is we have to look at our legislation and i know in 2020 there is a very large piece of legislation that crypto c

negotiations and his other duties as secretary of the department of treasury. joining us is treasury secretary steven mnuchin. great to have you with us. congratulations on the extending package. secondly,usmca thirdly, and the china-u.s. phase one deal. it's been a busy week for you. but with your portfolio, i know you are not surprised what can be done in a week. great to have you with us. >> it's great to be with you. as you said it's been a great week for president trump's economic plan. we couldn't be happy were getting appropriations done. a big investment in our military. the president got the space force and a lot of wins for the president in this bill. >> and the american people. there is a sizable number of people, and even some of them trump supporters who are surprised in modern history to have a president now who actually does what he says he will do, who delivers on campaign promises. he said he was going to create prosperity forward america and paul americans, and by god he's done so. >> he's delivering on all his promises and he's building a gre

depository institution act, or 5315, would formally establish and codify the united states department of treasury's financial agent mentoring protege program into law. this mentorship program was established by the treasury department under the office of the minority and women inclusion, otherwise known as om wi. the relationship between minority owned banking institutions and larger banks which is very important and key to this piece of legislation. by helping minority owned banks improve their capacity to better serve their community and their customers. at the same time, allowing larger bank the opportunity to expand their network and facilitate potential subcontracting relationships with their protege as well as receive credit under the community reinvestment act. talking about a win-win, madam speaker. for everyone, especially the communities served by these minority-owned banks who have been hurt most since the dramatic decline in the number of these institutions during the financial crisis of 2008, which left many communities of color unbanked and underbanked. . ohio, this nity in bill could

lighthizer: this was a great team effort by my office as well as the departments of treasury, agriculture, commerce, and many others. i should also acknowledge the hard work of the chinese side. vice premier liu he is a leader who was a diligent, patriotic, and as far as i can tell, always working and has proven himself honorable. [applause] we appreciater: all the efforts -- also the efforts, thank you to his restipal deputy, and the of your team. once again, congratulations, president trump and congratulations, president xi. [applause] thank you very much, mr. vice president, under your leadership, the economic policies of this administration are working. tax cuts, regulatory relief and now great trade deals are making the u.s. economy stronger and helping american business and workers and farmers. this is an incredible accomplishment. i want to thank ambassador lighthizer, you have done in an -- an extraordinary job leading this effort across literally an enormous resource, every single agency contributed to this. this was a real team effort. so thank you very much for your extraordina

pushed by the department of treasury he is the one who's causing all of the economic problems are a great deal of them in iran and the people know that so i don't think he's someone who's help or admiration they seek and if anything this kind of tweet helps the regime you say that the iranian government be very concerned about these protests these ongoing protests in the postes in the recent past we've seen a violent government reaction are we heading in that direction again do you think and how can the government play this to appease the protesters you know i think we have to expect a violent repression that's how the regime operates that's what it knows and. you know the alternative would be to have someone high up resign in the iranian revolutionary guards corps and take accountability and take responsibility for this and i think it was genuinely a mistake but it was a horrible mistake and it was incompetent one but i don't think the regime usually functions that way and therefore i think that the tactic of repressing protests will be the one chosen one called professor of history univ

[applause] this was a great team effort by my office and the department of treasury, agriculture and commerce. i should also acknowledge the hard work of the chinese side, vice premier he lia who is patriotic, and is always working and is proven himself honorable. to appreciate. [applause] to appreciate also the efforts of an minister, the vice principal deputy and the rest of your team. once again, congratulations president trump and president xi. [applause] >> thank you very much mr. president, mr. vice president under your leadership the economic policies of this administration are working. tax cuts, regulatory relief, and now great trade deals are making the u.s. economy stronger and helping american business and workers and farmers. this is an incredible accomplishment, i want to particularly thank mr. light house or you have enormous resources every agency has contributed to this. it was a real team effort, so thank you very much for your extraordinary job. i would also like to thank the vice premier and his team, we could not have done without all of you. it was a lot of hard w

lighthizer: this was a great -- this was a great team effort by my office, as well as the departments of treasuryriculture, commerce, and many others. i should all also acknowledge the hard work of the chinese side. vice premier liu he is a leader who is digital and, patriot -- diligent, patriotic, as near as i can tell, always working; and has proven himself honorable. to appreciate -- [applause] lighthizer: we appreciate also the efforts of minister zhong. thank you to liao min, his principal -- the vice premier's principal deputy, and the rest of your team. once again, congratulations, president trump. and congratulations, president xi. secretary mnuchin, thank you -- secretary mnuchin: thank you very much. mr. president, mr. vice president, under your leadership, the economic policies of this administration are working. tax cuts, regulatory relief, and now great trade deals are making the u.s. economy stronger and helping american business and workers and farmers. this is an incredible accomplishment. i want to particularly thank ambassador lighthizer. you've done an extraordinary job leading

i guess my question is around what came out last year from the department of treasury. -- it was onlyvailable to state and local governments. thisso know that a lot of happens at the state and community level. the flexibility around the types of the valuations and any guidance you can give states to how they approach their data collection so that we are making sure we are taking that copperheads approach to these outcomes. -- comprehensive approach to these outcomes. permanent supportive housing and that we track the outcomes of the intervention. also, if there are actually results like savings for the federal government. governmentderal would pay that their party back for those results. that is the pay for results component of it. the language in the law that i liked was push for rigorous evidence. there was not a strict requirement for randomized controlled trials. many of the proposals were evaluated -- that were of value waited quite favorably were not randomized control trials. you pointed out an interesting challenge. tos is a great opportunity provide funding for programs like

[applause] this was a great team effort by my office as well as departments of treasury, agriculture, commerce and many others. i should also acknowledge the hard work of the chinese side. vice premier liu he is a leader who is diligent, patriotic, as near as i can tell always working and proven himself honorable. to appreciate -- [applause] we appreciate also the efforts of minister shong. thank you to minute, the vice premier's principal deputy and rest of your team. congratulations president trump and congratulations president xi. [applause] >> thank you, very much. mr. president, mr. vice president under your leadership the economic policies of this administration are working. tax cuts, regulatory relief and now great trade deals are making the u.s. economy stronger and helping american business and workers and farmers. this is an incredible accomplishment. i want to particularly thank ambassador lighthizer. you've done an extraordinary job leading this effort across literally enormous resources, every single agency contributed to this, the white house. this was a real team effort

department of the treasury where she worked for many years and also was at the international monetary fund for five years or so and she also earned a masters degree from johns hopkins. by the way, we do put a heavy premium on diversity at csas and i'm somewhat apologetic that three of the four people up here, including myself, went to csas. we'll try to remedy that. thank you honda for giving us a different perspective. with that we're going to ask -- i think we're going to start with kanoi, a brief introduction and then we'll go from there. >> thank you very much for your kind introduction. dr. goodman, i would like to thank the japan chair and dr. green to invite me for this very important conference and i look forward to discussions very much. for japan's economic diplomacy at the g7 and g-20, i would like to draw your attention to the following three points. the first one is the g7 was an important forum for japan to ensure the fair treatment in the context of the post-world liberal order. it was a place for japan to make its rapid growth with other g7 partners, other big powers a

rules, so what i understand is there will be a series of meetings tomorrow between the department of transport, the treasuryt whether they can tweet the tax rules for all domestic flights, that way helping flybe out and not falling foul of those rules. asi and not falling foul of those rules. as i say, they put regional connectivity at the heart of it. these routes are vital for areas like this and the ten flights you can see behind me, seven are run by flybe and the taxi driver could reel off the departure and arrival times of all of the flybe roots and i'm willing to bet people in newquay, newcastle and southampton could do the same. the government will push tomorrow for creative ways of helping flybe and ways of... the headlines on bbc news: after holding talks at sandringham, the queen says she says she would have preferred prince harry and meghan to remain full—time members of the royal family, but supports their wish for an independent life. borisjohnson visits stormont to meet members of the newly restored northern ireland assembly, after three years of political deadlock there. five candidates are t

of the washington war and economics. i believe it was 1937. the war department led a series of conferences that included the navy department, the treasury department. they started off calling this the allocation conferences after several of these -- allocation conferences. the army made the 90 division gamble. the basic economic decision was we would fight the next war with capital equipment like ships and tanks and airplanes, and less so than with labor. division alternative to the division gamble. can you comment on how that process played out? >> i can't. -- i can. the first book, the unreadable one, was all most all about this topic. none of those military conferences before the war had any impact on economic planning whatsoever. the agencies set up by the president of the united states found their planning to be juvenile and ridiculous, and ignored all of it. some examples. they asked the military how much copper you will need. the military came back with a number in the area of 90 tons for the war. in the course the where they needed almost 900 million tons. alleconomists were almost wrong. the mounted divisions -- i forget the exact number

to show my appreciation to the inspiring men and women of ustr as well as the departments of commerce, agriculture, treasurylabor, transportation, e.p.a., and other agencies that worked so hard. these people worked tens of thousands of hours for two-plus years, many going home at 2:00 and 3:00 in the morning or not at all. chief among the leaders of this effort is my deputy ambassador c.j. mahoney. since his confirmation two years ago, he has worked continuously on this effort day and night and seven days a week. thank you also, ambassador dowd, our agriculture negotiating, and the long suffering jamison greer who has the task of being my chief of staff. as i said 16 months ago, thank you also jared kushner, my friend and partner, for all your work and guidance and support. i said before from the heart, thank you to the cabinet members who devoted a substantial part of their terms to this effort, particularly the secretaries of treasury, commerce, agriculture, labor, and thank you, of course, larry kudlow and peter navarro. the chief negotiator of the usmca was assistant ustr john mely. [applause] he was th

that included the department of the treasury and others. essentially we're trying to show the private sector how easy it is to disrupt and divert their otherwise legitimate supply chain. so, we gave first of their kind advisories on the movement, the money, the manufacturing and the marketing by these fentanyl traffickers who are very clever because you could have a couple of blocks of fentanyl in your otherwise legitimate supply chain. we're dealing with the private sector. they're more aware of how they can be unwittingly helping this come into the country. >> on the coronavirus, do you have any evidence or information about the china's use for biological weapons for coronavirus? >> i have no comment on that whatsoever. >> u.s. officials should have more cooperation with china in order to get coronavirus under control. is there any sign that china's wanting to have more cooperation? and how are those negotiations going? >> well, i'd really refer you to secretary azar, but there's been at least our perception a high degree of cooperation wi

department of the treasury has previously sanctioned suleimani for his role in supporting the assad regime and abetting terrorism. joining us from london to talk more about this, nbc news correspondent cal perry. some unbelievable developments overnight with regard to the killing of suleimani. talk us through what you know so far. >> reporter: listen, i think we're all surprised to say the very least that this man was targeted by the u.s. military for so many years, decades, he was seen as untouchable for the very reason that it would initiate a response from the iranians. this man was an icon to people in iran and also iraq and syria and lebanon, you sort of laid out there, for all of the reasons that he was so. he was really the viceroy to the region. he really drew the map when it came to iranian influence in syria and oerk and lebanon. for the u.s. military, he was a mass murderer, responsible for taking the i.e.d. shape charges that killed so many troops. so we have this classic difference between how the u.s. views itself and how the world views the u.s., when it comes to the united

this has come out of the treasury department report to congress in which it does not designate chinaanipulator as it did last summer, when it said china devalued its currency to the point where it is at its wea kest currency to the point where it is at its weakest level against the us dollarfor its weakest level against the us dollar for ii its weakest level against the us dollar for 11 years to get a trade advantage and president trump said china was trying to steal business and factories. these trade negotiations, protracted and sometimes difficult, have been going on to the point where we are on the verge of getting a deal, an agreement, at least the first phase, moving forward to release tensions between the two countries. steve mnuchin, the treasury secretary, said china has made enforceable commitments to refrain from currency devaluation to gain competitive advantage. that is the crucial phrase. clearly the us seeing itself onafairer phrase. clearly the us seeing itself on a fairer platform in terms of trade with china than it was previously. it was a goodwill gesture from the

one of those people, believe it or not, is treasury secretary steve mnuchin, who has initiated a turf war, moving the departmentto the treasury department outside of the homeland security. lawmakers in both parties have been working with him, including democratic senator dianne feinstein, who apparently is all for it if we can just make some small adjustments to the reporting laws so that the cost of presidential travel be included for greater transparency, accountability and oversight associated with the protection during travel of presidents and their families. in other words, all those costs related to the president, like the more than 50 visits trump properties outside the washington area since he took office, we need to see that within 120 days, and we're good to go. to that, am. nuchin said yeah, how about no? they prefer they make those disclosures next year. in other words, in 2021, after the election, because of the full extent of trump's travel costs were released before the election, that would be no good for donald trump. and that's thing two in 60 seconds. that's thing two in 60 seconds. >>> corrup

the secret service is part of the treasury department. retary steven mnuchkin agreed to the idea but wants to start it after the presidential election. democrats say the public has a right to know the price of mr. trump's frequent visits to his resorts in florida and new jersey. >>> "chicago tribune" reports an illinois judge ordered google to turn over a year's worth of act joor jussie smollett's priv data. the judge wants google to give information to a special prosecutor investigating why investigators abruptly dropped criminal charges against him. last year charges were dismissed against jussie smollett for staging a racist and homophobic attack in downtown chicago and then lying to police about it. >>> our partners at the bbc say prince harry and his wife meghan markle made a stunning announcement. the couple said they are stepping back as senior members of the royal family. they plan to become financial independent and raise their baby son in both the uk and north america. harry and meghan did not explain what they meant by financial

but a new report from "the new york times" found that some of the world's largest corporations have continued to lobby the treasury department in an effort to get even more concessions as the final rules of that 2000 tax bill are implemented. >> do you remember -- we should put together a video the number of times that you and i had this conversation with lawmakers, usually with republican lawmakers, and they said, well, we're going to bring the tax rate down, but it will be fairer because everybody will pay that 21%. we're going to close all these loopholes. >> they didn't close the loopholes, and there are a lot of corporate leaders at the time that said, yes, lower the tax rate, but it doesn't need to go as low as 21%. now here we are, paying a lot less than that. joining us, one of the reporters behind this "the new york times" piece, jesse drucker. jesse, let's start with the president said this is going to trickle down. when you go through the vast majority of corporate america, with the exception of stock buybacks, have you seen them take this money that they saved, reinvest it, hire more, pay people more? >> well, i'

of alphabet. >>> the treasury sanctioning seven venezuelan government officials. tell me more about that. susan: according to the departmentseven individuals worked on behalf of former venezuelan nicolas maduro. they led a failed attempt to seize control of the national assembly. blocking juan guaido and other deputies from fulfilling their constitutionally elected responsibilities which means taking power in venezuela. look, we've been, what, a year into this? stuart: still there. susan: there is no regime change effectively. if you read "the washington post" the only people that count guaido as head of venezuela is western press. stuart: maduro is still there. this week, house speaker pelosi will send the impeachment articleses to senate. she held them for weeks, defended her decision to do so. robert ray, former independent counsel, i will ask him, did pelosi cave? we'll be right back. ♪ e if you have postmenopausal osteoporosis and a high risk for fracture, now might not be the best time to ask yourself, 'are my bones strong?' life is full of make or break moments. that's why it's so important to help reduce your risk

of 1%. the cac down about flat as well. looking at other top stories today. rahel solomon has more >> good morning. the treasury departmenteiled a new wave of foreign investment overseas investors will need clearance before they can invest in a firm that either handles personal data or american technology used by the military. the u.s. is exempting countries from some of these reviews amazon taking new steps in the battle with microsoft over the jedi contract. reuters is reporting that the company will ask for a temporary block on microsoft from working on that project. the plot thickens between those two. >> newly revealed internal messages show boeing employees mocking the lion air call. according to a report, employees express concerns themselves over the possibility of one of its biggest customers potentially requiring pilots to require costly simulator training, now friggin lion air might need a sim to fly the max and maybe because of their own stupidity i'm scrambling trying to figure out how to unscrew this now. idiots just the latest of the string of pr nightmares after those two deadly crashes >> what is interest

damaging tax to the economy, costs jobs and there have been reports given to the department of transport and the treasuryg passenger duty would actually... lead to an increase in tax income and have a beneficial inta ke tax income and have a beneficial intake on the economy and jobs and will he look at those reports?” have heard the comments loud and clear. there's something of a pattern here, we had the collapse of monarch, thomas cook and now potentially the collapse of flybe. when we took evidence on the select in the last parliament on the collapse of thomas cook, the evidence we had from the business and the trade unions was the same, the government was asleep at the wheel. can i ask the minister what lessons they have learned from that collapse and what they are doing to ensure passengers are protected, critical routes that connect regional towns and cities are supported and also that the taxpayer doesn't end up footing the bill for another corporate failure? minister. i hear what the honourable lady has to say. i am sure she will know it is a highly volatile market. i don't accept her comparison.

my question is around what came out last year from the department of the treasury. it was a very, required -- only available to state and local governments but we also know about of innovation happened at the community level. what are your thoughts around the summit is funding is provided to states and localities, the flexibility around the types of evaluations that are performed and also any kinds you can give states as to how they approach their data collection so we're making sure we're taking an approach to service and jackie on the outcomes intentionally? >> since i served on the commission, for those who are not familiar with the social impact partnership to pay for results act, it provides funding to seed the social impact interventions where a third-party pace, think about the length of his pay for and eventually permanent supportive housing, and then we track the outcomes of the intervention. if there are results like savings to the federal government on the reduced use of medicaid payments then the government, the treasury would pay that third party back fo

the traditionalist will say or argue that the agency is more attuned and aligned to treasury department just in terms ofl climbs enforcement network, and core competency of the investigative mission is based on finances, whether it is counterfeiting, bank fraud, credit card fraud, they feel more comfortable in that environment. progressives of the secret service take the other side of this and say over the last 18 years did integrate well into the department of homeland security with certain core competency, such as the electronic crimes taskforce, looking at critical infrastructure, working through expanding the mandate to protect national security events, something that's been successful for the secret service over the past few years. i take the viewpoint that it is better for the secret service to stay where they are and try to develop a better integration into the department and focus on how best to integrate their protective and investigative missions into the department of homeland security, rather than try to go back to treasury and recreate something they may not be able to do. >> all right. ver

department of homeland security came about. >> sure. again, it had developed after 9/11 and at the time that the secret service was under the department of the u.s. treasury, you had other entities, and you had alcohol, tobacco and firearms on the treasury, and other departments under justice, and so law enforcement and the intelligence community were, you know, in different agencies and the u.s. coast guard was under transportation. and so it was not until dhs put it all under one roof. so where you had all of the law enforcement outside of those inside of the department of justice, and so you had this, and it took some time, and growing pains with it just like, you know, anything else. but, it, you know, it is one of those moments in history when you can see that the department was created and everybody was under one roof and we could communicate and share a little bit of, say, a little bit bert than previous, and then it was getting, and it is as you had mentioned earlier hour, does the country move forward after such a tragic event like that. let alone, the new creation of the departments and the other things that the department of defense were doing,

of turkey. the president has also acknowledged his private business interests in the country like trump towers istanbul. the treasury departmente president directed treasury and the department of justice to intervene in the criminal investigation of the turkish state-owned bank, which has been accused of a scheme to evade iranian sanctions. has the president engaged in a pattern of conduct in which he places his personal and political interests above the national security interests of the united states? >> thank you, mr. chief justice, and also want to thank the senators again for your hospitality in listening to both sides as we endeavor to answer your questions. thank you for that question. i think first and foremost, there has been a troubling pattern of possible conflicts of interest that we've seen from the beginning of this administration through this moment, but the allegation here related to the abuse of power charged is that in this specific instance, the president tried to cheat by soliciting foreign interference in an american election. by trying to gin up phony investigations against a political opponent. now what

one of the main stories moving markets overnight, china's yuan strengthened to the highest level after the treasury department removed the label of the country as a currency manipulator. steven mnuchin said the country made moves they first attached the label when they accused them of using the yuan to get an unfair trade voontage >> the first rise in export since july signaling a recovery in demand following a preliminary trade agreement. imports rose while the country's trade surplus increased. an on annual basis interest rates rose 0.5%. >> chinese vice premier liu he a arrived in washington. >> reporter: two days ahead of the signing of the phase one trade deal in washington, d.c. the news has to did with china trade numbers for december imports and exports improved in the january data, we've got the beginnings of a trend. maybe troughing out or bottoming. we may have signs of a rebound under way. the second bound is the treasury department in the u.s. a decision confirming it is going to remove the currency manipulator label in the semiannual report on currency manipulation this comes as a surprise if yo

the secret service is part of the treasury department.reasury secretary steve mnuchin has reportedly agreed to the idea but wants to start it after the presidential election. >> trevor: oh, yeah, that's right, steve mnuchin, treasury secretary and corporate kyler wren says he will disclose how much money the secret service spends on trump but only after the election. that can't be a good sign. why after the election, huh? that's like asking a hookup if they have been tested and they say, yeah, yeah, yeah, i was, and i'll tell you the results after we smash. ( laughter ) protecting a president has always cost money, let's be fair, but trump is a special case because this is the first time where the secret service also has to protect the president from himself. watch out, mr. president, the stove is hot. sir, what did i just say? stop that. you want to touch it? touch it, touch it! no, i learned my lesson! ( laughter ) just picturing him now. are you going to touch it? no, no, i'm not touching. ( laughter ) we already know that since he bec

treasury department because of the civil aviation sanctions have been put against iran if those licenses are forthcoming are broadly written it demonstrates a willingness to have a somewhat more open and trusting relationship if they're not forthcoming then i think that's going to be a big problem in iran and also with the international community for the united states similarly if the u.s. sort of gloats about this and tries to take political advantage i think it will backfire if it plays it straight and tries to provide assistance without doing what trump i think is often inclined to do which is to claim some sort of credit for a tragedy then i think that there is the possibility for maybe modestly reducing the terrible tensions that have led us to this point all right and just in dorset where do you think. this this tragic loss of life actually places or what sort of impact or other do you think it's actually going to have on this ongoing. fraught situation between the united states and iran on the one hand and the wider region of course. well i mean as was just stated it very much dep

department has pulled a regulation that hinders u.s. companies which sell to while away from locations outside of the u.s. at the urging of the defense and treasury department's no one has confirmed those reports also on the smartphone. india has overtaken the united states to claim the world's 2nd largest smartphone market in 2019 alone 150000000 phones were shipped to india and suggest the influx of less expensive chinese smartphones which count for 72 percent of the markets is the reason for the bump it's no surprise that china is the number one market for smartphones now followed by india and then the united states sometimes it's kind of bizarre been to think about the fact that india it took them this long to catch up with us on the smartphone market when you look at a population difference between the united states and india it really is very surprising to see that happen and obviously you know just going back to the way issue for a 2nd imagine how this looks if you're boris johnson and you're trying to deal right now with this idea the united states is not given one single piece of proof that while the phones are compromised by the chinese

of turkey. the president has also acknowledged his private business interest in the country like trump towers in istanbul. the treasury department has not denied that the president directed treasury and the department of justice to intervene in the criminal investigation of the turkish state owned bank which has been accused of a scheme to evade iranian sanctions. as the president engaged a pattern of conduct which he places his personal and political interests above the national security interest of the united states? >> thank you mr. chief justice and i also want to thank the senators again for your hospitality and for listening to both sides as we endeavor to answer your questions. thank you for that question. i think first and foremost, there has been a troubling pattern of possible conflicts of interest that we have seen from the beginning of this administration through this moment. but the allegation here, related to the abuse of power charged, is that in this specific instance, the president tried to cheat by soliciting foreign interference. in an american election. by trying to have phony investigations against a politic

really meet the three criterias bys of the treasury department. it announced china out of cycle review of allar countries that the u.s. looks at to see if they're manipulating currencies or not. this is a move from the u.s. sort of gesture good will. that chinaly demanded in the talks. one-sided talks. china want to show its own people they got concessions out u.s. this is one they can hold out as that. the tweets and the tariffs and the threats and negotiations. ofs is really the moment truth as we get this phase one deal signed. what happens after that? enforcement, is it down to this good faith from parties? >> because we haven't actually seen the text of the deal. thee been talking about deal that they've reached for months now. seen the nuts and bolts. we expect on wednesday when they lookthe agreement, we'll at this 86-page document. deal.irst phase trade within it is this sort of important chapter of how it will enforced. we do know for one t for certain values tariffsly as a threat. u.s. willct that the lust tariff threats repealing those w

of the past decade. the treasury department of office announced sanctions against the gain, evil corporation, that's the name of the two taken on, led by one of the russians providing direct assistance to the russian government, malicious cyber efforts, cyber criminals for its own malicious purposes. my question is if russia does not stop these attacks on our nation, should we work with our allies to ban russian financial institutions from using the swift interbank payment system? >> i have not given any thought for that question whether that'll be an appropriate remedy. we do in our enforcement practices at the fed with respect of financial institutions and the abuse of financial system, we deal closely with the department of justice and actions arise from referrals and a lot of things that we see with respect to the financial system. that's something that, the issue is something that we are heavily engaged with it. we are happy to talk to you more. >> i appreciate that. >> thank you. and then just for purposes of a follow up of the chairman. this is something i am very interested as well. can you talk