of what we anticipate our spending to be for fiscal year 18-19, and so deputy director for finance administration will provide you with a presentation that will involve the staff you see before you today. >> good afternoon, commissioners. my name is prima horreder, the deputy director for finance and administration, and we are here to talk about the rops for 18-19. since we only do it once a year, it's a good opportunity to go over the origin and the general schedule and what the funding sources are. required successor have an obligation schedule, and layman's language, a list of obligations we need to make and funding source for the fiscal year 18-19. signed by the governor in the fall of 2016 made some changing, rather than than biannual, now annual. we do have the opportunity to amend it one time a year, that opportunity comes in the fall. commit the amendment on october 2nd. and what that does, because of the schedule we are starting now a month or two in advance of the budget cycle, so as other departments refine their budgets and keep us informed of those changes and how those will impact s

committee, which has all the authority in this party, constitutionally, for all aspects of finance, administration the nec and it has met three times in the time i have been in my position. who has not been working? we can now speak to the former deputy chair of ukip, suzanne evans. she's in our birmingham studio. thank you very much forjoining us. how inevitable was it that this was going to be the face of henry bolton? fairly inevitable, although there was a points at which we thought the vote would be slightly closer. once the meeting had got going, once steve crowder, former chairman, had made a quite passionate and logical, reasoned speech why the nec have thought of the original no—confidence votes but he came across very well. and then bolton went into his speech which was a disaster, frankly. i don't think he could have written a worse speech. he seems to blame everybody else for his troubles. and ended up by saying that if he was ousted, he talked about suing the party. a total disaster from start to finish. no surprise that 63% voted to get rid of him. to what extent were the comments ma

committee, which has all the authority in this party, constitutionally, for all aspects of finance, administrationt with the nec and it is met three times in the time i have been in my position. who has not been working? if you had cut ties with joe not been working? if you had cut ties withjoe marney quicker or handled it differently, you would not be in this position? that whole episode has been a hell of an experience. one that's very few people in this country have ever been through. i have learned from that experience, and with hindsight i would have dealt with certain aspects differently. but we are all human. i tried aspects differently. but we are all human. itried my aspects differently. but we are all human. i tried my best and what i wa nt human. i tried my best and what i want i didn't understand of my effort has been involved in is getting the party fighting fit so it can influence the trajectory this country comes out of when it leaves the eu. that has to be the priority and that is still my priority. who should read ukip next?|j and that is still my priority. who should read ukip ne

this is a strong budget, and this is the first he has done as the head of the finance administration and worked very, very well with the staff and the community stake holders. and notwithstanding, a little bit of financial instability city wide, we are proud of this budget. >> good morning, vice president low, commissioners. i am derek chiu, over eight months ago i started the recreational park department to attend glen canyon opening and the random museum opening and recently saw the new civic center. and this is a terrific place to work. and i'm very excited to be presenting the first budget. i stepped into some very big shoes that katie left behind. i'm trying my best to work as hard and as well as she did. fortunately, i've had the guidance and the visionary leadership of the general manager and his directors including denny, dana, sarah, don, and toks. and also the fortune of having a finance and accounting and budget team led by maria sutton, alex, antonio. so let me start. i start with the mission statement, which guides everything that we do, and including our vision to inspi

i'm the deputy director of finance and administration. as the executive director said, we're here today to talk about the formation of a community facilities district in shipyard candle stick point. so, it has been quite a while since the agency last formed a community facilities district so i thought i would give you a brief reminder of what a community facilities district is. wi refer to them as c.f.d.s, and they're special districts that are formed over a geographically defined area to finance public improvements in services. as you know, we finance the majority of our project with properties tax increment. but having -- generating property tax implement requires having propertis that you can tax. at the shipyard, we aren't at that stage yet. so, we need an engine to kickstart the growth that will allow us to build the infrastructure that will send a support to vertical development that will someday support property tax. this is a really important, early-stage financing vehicle that allows us to do this. once we form the c.f.d., we wil

i apon another -- i am on the finance and administration team. i am here to lay out where we are and what is achievable in coming years in regards to maintaining and enhancing port property. the two year budget represents what we are able to fund in the immediate timeframe from that larger 10 year need. this year to facilitate strategic analysis and bridge the gap between the broader 10 year time other ey horizon. it is the first capital improvement program to allow a five year look at the project for going to deliver and think about them on a timeframe it can take to conceive of time, design and deliver a capital project. we will bring you the full five years in april. the capital budget now represents the first two years of that program of projects. as you are well aware it add vances many strategic plan goals, most notably strategic to increase revenue. in that 10 year plan we identified a $1.5 billion need for investment in state of good repair to port. that includes both $1 billion backlog as well as the need to invest $54 million a year ann

so just to announce all of our winners, kerry anne joseph is our winner from the finance and administrative division. he is a key accountant on staff. he is koch tent. -- he is competent, he is behind the scenes and he is quite excellent in the work he produces. he's had a big task with the city moving its financial system to new financial system and he has been on the front lines in making sure that works for our port organization. so, congratulationss to curian. there's photographs up so -- of some of the winners. the maintenance division winner is alex chung. alex is considered a favourite among the crass. he is somebody who helps them get through their work. he is constantly helping all the crews, whether it be the wharf crew, the laborers, the gardeners with barricades, fence panels, the plumbing shop, the iron shop. he has a can-do at tuesdayer and is a friend of all. congratulations to alex chung. in the maritime division, mike is up there. mike nernie won this year in maritime. mike has overseen the cruise industry's growth to record levels and very stable levels. he was recently el

infrastructure and power-related projects, so, you know, whether it's the administrative power or the administrative finance, we're usually meeting with those individuals as well. so i think, you know, just in light of today's discussion, and as bob accurately pointed out, you know, there is this interest in terms of a shift in mindsets, kind of a resurrection, i guess, of more nationalist perspectives and being a country that has seen a political -- a political shift to a certain extent, how is that being perceived abroad? i would say that, you know, there is kind of two answers to that, and i think it also speaks to how spheres of influence may be carved up with more traditional allies or kind of similar mindsets as far as nationalistic mindset goes. you do see countries, you know, point out the philippines as a good example of where actually our -- the perception of u.s. investment has significantly improved because you have two heads of state that are a bit more lined than they have been in the past. you know, there are very similar -- there are other countries, you know, that would fit the same mold. i

health administration, acting deputy undersecretary for the veterans benefits administration, the deputy forrsecretary for finance the national cemetery administration, and richard chandler, deputy assistant secretary for v.a. v.a. research management for the office of information technology. you are now recognized. >> mr. chairman, i want to thank you. i want to thank all the members of the committee. many of you had a chance to come over to my office, spent some time talking about the issues. i know all of you are committed to the work we are doing. that's why i think we have the best committee, the veterans committees in the house and senate. we work well together in a bipartisan way. mr. chairman, ranking member, thank you for keeping the focus on the work we have. this is a big deal getting the resources right for our veterans. i do regret the decisions that have been made, that have taken the focus off of that important work. of you are's why all here. we care deeply about this subject. it's the reason why, to keep the attention on the important things, that i've made this decision to reimburse the treasury

committed to working with our ways and means members, senator hatch of the senate finance committee and administration and stakeholders to develop the right solution now. one that gestapo, carefully crafted and successful in restoring balance competition in the marketplace. the urgent object is to make sure all our farmers and ranchers can reap the benefits of tax reform and we're committed to taking action on solutions as soon as possible. next, now that we have a new tax code built for new era of american prosperity, this committee and the treasury department have shared responsibility to ensure this new tax law is working half of all americans. this includes holding the irs accountable, making sure the agency administers our tax code with a renewed focus on fairness, integrity and taxpayers service. we had the opportunity to build on success of tax reform to ensure that america's economy continues to grow. our local businesses told us the slow growth status quo of 2% for the past decade simply isn't working. we decided to go bold and change that with historical reforms to help them grow and create

we've seen recent, administration proposal on the dfi, development finance institution for fiscal '19nd a very free i get that report of the australian partnership bring up a quadrilateral sort of flash of providing defilement finance, money that might help companies in from those four countries. i wonder if you could elaborate a little bit about administrations inking about those schemes others to try to be able to put a a u.s. flag in that important space? thank you. >> in a way, thank you for the question to the edge is going to be similar to the one i just gave that the best way to have an attractive environment for u.s. companies is often going to be to have less governments occupying the space. and so i'm hesitant to think of u.s. development finance to the u.s. government as a solution to the problem. a better solution i think is to persuade china to abide by more coherent rules in terms of their own financial loans. they are piling debt onto countries, at the debt, remember, goes to the existing government of a country, and then that existing government benefits and then they

finance committee right now. he is saying that the administration will continue to work with congress on changes to the tax law.e also sparred with ron white over carried interest. grassley of iowa, asking the questions now. follow the story on bloomberg. type in tv . a working group has reached bipartisan consensus on immigration legislation, daca, the senate reported. this is the bipartisan group that has come up with this. however, we don't know how far it will get. we will continue to keep you posted on this development. this is bloomberg. ♪ vonnie: in new york, i'm vonnie quinn. london, thefrom european close is just minutes away. the african national congress has lost its patients with jacob zuma, following his refusal to resign the party announced a vote of no-confidence against him tomorrow, carrying the way for him to assume the presidency. ,e questioned the reasoning though, earlier today. have a listen. >> is nothing i have done wrong. it's policy. what is the problem? i don't understand. if you think they are going to be agreeing on this one, i have a problem with your approach and decision. bec

she has worked in the office of public finance for over 19 years, serving as financial administrator and bond associate prior to her appointment as director. nadia also sits on the san francisco community investment board and served as chair of the oversight board of the successor agency to the redevelopment agency of the city and county of san francisco prior to her appointment as interim executive director. in 2015, nadia served on the state treasure's task force on bond accountability. whose final report in december 2015 prompted the state of california to adopt several of its recommended reforms. nadia was awarded san francisco's public managerial excellence award for exemplary leadership, fiscal ingenuity and vision in 2010. san francisco is truly so lucky to have nadia on our side, looking out for all of us. we commend you, nadia, and thank you for all that you do for all san franciscans. [ applause ] >> i am truly honored for this nomination. supervisor stefani, i've had the opportunity and pleasure of working with most of you throughout my career here. i also happen to be a r

treasury secretary steve mnuchin was on capitol hill and he told the senate finance committee that the administrationg on new russia sanctions in in regards to election meddling. eric? eric: thank you very much. >>> a former cia station chief weighing in on the russian indictments, now calling on the obama administration to speak out and explain why russia's election meddling wasn't immediately reported to the american people. listen. >> have to ask someone from the obama administration to please comment on this and explain why that our citizens weren't warned about it, why we didn't do anything about it to deter russia. the only thing the administration did was to expel russian diplomats in december of 2016, which was obviously too late. >> and for more on all of this, let's bring in judith miller adjunct fellow of the manhattan institute for policy research, pulitzer prize winning author and journalist and fox news contributor. nice to see you. >> nice to see you >> let's start with the cia former operator said was the obama administration asleep at the wheel on this? should americans have been war

administrative support personnel and an annual budget of millions of dollars. the structured organization and arranged into departments including graphics, search engine optimization, and finance. in 2014 the company established a translator project focused on the united states. in july 2016 more than 80 employees were assigned to the translator project. two defendants traveled to the united states in 2014 to collect intelligence. to hide the russian origins of their activities they purchase space on servers located on the united states to set up a virtual private network. they use the infrastructure to establish hundreds of accounts on social media networks such as facebook, instagram, and twitter, making it. they were being controlled by persons in the united states. these stolen or fictitious identities, false identification documents. the posters politically and socially active americans. advocating for and against candidates. they also purchase political advertisements and social media networks. russians also recruited and paid real americans to engage in political activities, promote political campaigns and stage rallies. they pretended to be grassroots activists. the am

the communities around the country and low income communities to garner the financing and the interloper that the administration of the markets tax credit program which provides tax credits to investors. due to the proven record of such a program, the fund leverage its federal funds roughly 12-1 leading to the investment of about $3 billion of low-income distressed communities. i was wondering if you could explain to my constituents who depend upon this why your department would issue such a report that talks about the benefits and effectively eliminates such a fund and i am curious why you would eliminate such a fund when it has been said time and time again that this administration has added $1.5 trillion to the budget due to a tax cut. i think it is hypocritical that he would add that can't take away tools that actually help lolow-income and distressed communities especially since we live in a time when we are asking the communities to do more than less. >> they have done tremendous work for many communities. the treasury is proud to have been a part. >> how would you eliminate it. >> it is paid for through

on housing finance, the current situation of indefinite conservatorship for fannie mae or freddie mac is neither a sustainable nor lasting solution. the administration looks forward to working with congress to reform america's housing finance system in a manner that helps consumers obtain the best housing suited for their own personal and financial situation. while at the same time, protecting taxpayers. i am proud of what we accomplished so far and there is more to do. our country's potential is enormous which is why americans expect their government to enact policies that lou them to succeed and prosper. treasury's collaborationing with congress is vital to that mission and we look forward to working with you every day to making it a reality. thank you and i look forth to answering your questions. >> thank you, mr. secretary. the chair now yields to himself for five minutes. if you draw that micah phone a little bit closer to you. on her way out the door, chair yellen said that equity values are, quote unquote, quite high and that, quote unquote, there are potential dangers there. i don't disgreet with her. i just thought it was a little curious t

you have someone who is as much in debt as jared kushner is and whose finances may have come from the russians in an administration that is showing undue deference to the russians and not imposing sanctions that congress has voted against the russians, you have to look at why that might be. and one of the reasons could be something that has to do with jared kushner. and that is clearly one of the reasons he hasn't gotten his security clearance. it's also interesting in that article you read that they also said that his lack of experience was one of the reasons they thought they would manipulate him. and again, that just shows the kind of staff that the president is putting together that they don't have the experience or the capabilities or the knowledge that are necessary to do a good job for americans. >> and ned price, how do you square the stories we're getting tonight with the public statement that john kelly in fact issued last week about jared kushner's security clearance, even though the white house claims they never make any comments about the security clearance. he issued a statement last week saying he s

. >> this bill represents the first step in our administration's comprehensive program of financial deregulation. >> introducing deregulation, finance to get much more creative and profitable. >> in money matters, wall street, where leaping stocks have investors jumping. >> the dow jones industrial average will stand at its highest level ever. >> the past few months have been among the wildest in wall street's history. stock and bond prices soared in a frenzy of activity. optimists on wall street are talking about the beginnings of economic recovery. >> supporters of deregulation point to the stock market as evidence that a deregulated economy makes money for everyone. >> the stock market took off like a rocket. and the public saw this happening, and they would read about it. and so all sorts of people who used to have nothing to do with this world started pouring their own money into it. that's in large part also what drove prices to go even higher. >> the ronald reagan motorcade rolled onto wall street today to the new york stock exchange. >> in the last five years, we've moved from malaise, to hope, confidence, and opportunity. t

>> we do need to remind our audience, when we talk about financing and foreign policy, remember early on in the administration, jared kushner's sister, who is part of the family business, and i believe jared's portion of the business, he divested or has in a trust run by his sister and her husband. she went on a road show throughout china trying to raise money for a building they're working on in new jersey, and in it, had a powerpoint presentation and in that powerpoint presentation had a picture of her brother jared in his senior position in the white house. i'm pretty sure she wasn't simply offering tours of the rose garden, without a doubt that was an important news story and one we can't forget about. matt, h.r. mcmaster, president trump's national security adviser, learned that kushner had contact with foreign officials that he didn't coordinate through the national security council or officially report. special counsel robert mueller is asking about the protocol that jared kushner used. it's clear he had meetings and didn't report on them after. >> it shows there's two different turf wars that jared ku

very same administration who one year ago made it easier for people with severe mental illness who's been determined by social security to be so impaired they can't manage their own finances, that is a very high bar to be able to meet that. but this administration made it easy for them to own firearms. so, you know, why aren't we talking about gun control? why aren't we talking about a much more comprehensive strategy? if you're a person with severe mental illness, you're much more likely to be the victim of violence than to perpetrate violence. >> dr. weiner, the quick response to a lot of these mass shootings seems to be for some we have to tackle the mental health issue, that these incidents are the result of some type of mental illness. how fair is that assessment, or is that an appropriate assessment early on in some of these investigations? >> well, i think it is an appropriate assessment. what your other guest just said people with mental illness are more likely to be the victims of violence rather than the perpetrators, that's true. however, they also are more likely than the average person in the community to be the perpetrators of violence. so all you have to do

on housing finance, the current situation of indefinite conservatorship for fannie mae and freddie mac is neither a sustainable nor a lasting solution. the administration looks forward to working with congress to reform america's housing finance system in a manner that helps consumers obtain the housing best suited to their own personal and financial situations while, at the same time, protecting taxpayers. 4 embargoed until 10:00 am january 30, 2018 i am proud of what we have accomplished so far, and there is more to do. our country's potential is enormous, which is why americans expect their government to enact policies that allow them to succeed and prosper. treasury's collaboration with congress is vital to that mission, and we are working every day to make it a reality. thank you and i look forward to answering your questions. >> thank you very much. i appreciated your comments about economic growth, regulatory form, consumer protection act. commentspreciated your on the housing finance reform. it is currently my highest priority in the committee. in the annual report last year, was thatmendation made regulators and market participants take steps

administrators and technical personnel with an annual budget of millions of dollars. it was headed by a management group and arranged into departments, including graphics, search engine optimization, information technology, and finance departments. in 2014, the company of established a translator project focused on the united states. in july of 2016, more than 80 employees were assigned to the translator project. two of the defendants struggled -- allegedly traveled to the united states to collect intelligence for their american operations. in order to hide the russian origins of their activities, the defendants allegedly purchase d space on computer servers located here in the united states in order to set up a virtual private network. the defendants allegedly use d that infrastructure to establish hundreds of accounts on social media networks, such as facebook, instagram, and twitter making it appear that , those accounts were controlled by persons located in the united states. they used stolen or fictitious american identities, fraudulent bank accounts, fraudulent authentication documents. the defendants posed as politically and socially active americans advocating for and , against particular candidates. they es

financing from wall street. congressman smucker: there's a lot of work going on to prepare for the straugs plan we expect -- administration plan away expect in the next few weeks. the committees have been working on this and problem solvers proposal is the result of a lot of work that has been done as well. soledad: how come every congress person is not a problem solver? congressman smucker: i think this group is bipartisan and there are 24 democrats and 24 republicans now. we understand there are major problems physical being the country and infrastructure is one of the they impact all of us so we have to find solutions. that is the goal. congresswoman esty: i think we have got about two months before the silly season of primaries takes over before the mid terms and we need this. the american public knows this. it is time for congress to get with the program and get it done for the country. soledad: congressman smucker nice to have you and congresswoman esty. >> next on "matter of fact" jack daniel's an iconic american brand unafraid of up -- embrace being the past. >> that is part of history. >> what steps the country i

some in the administration are pushing for a major spend on infrastructure to be financed with a hikethat would fault heaviest on rural americans while leaving most of the wealthy urbanites who voted for hillary untouched.. pete and marie is an economist, i know the gasas tax is somethig that academics love commits tidy, it's a user fee, it seems fair. i wonder if it is fair becauseus the people who pay it are not the ones who benefit from our current economic structure, they are the people who have benefited the least. >> it's people who use the roads. the alternative iseo polls. the federal government is only willing to put about $200 billion into this $1.5 trillion infrastructure programs of the question is where's the rest of the money going to come from? what the states have been doing is selling roads to the private sector and put on whopping tolls. >> tucker: why do we have government, is it to run diversity seminars and retirement for federal employees? it's to defend the borders, to keep the t visigoths at bay into pay for roads. that's a core function of governments, when di

now as secretary of treasury you are a key voice in the administrations position on housing finance reformhow can we trust you to support responsible reforms that will hold lenders accountable when you yourself are responsible for the system when you lead one west. >> i think that talked about this in. those loans were inherited and when you say we aggressively foreclose with were required to follow fdic agreements and modifications. i think i have a great understanding of the issues that all those homeowners went through and we are proud of the fact that modifications started under fdic at indie and we helped expand that. >> there was a reason why you were dubbed the foreclosure king and there's a reason why you made millions of dollars. he talked about this in the past but not on this committee and not with me being here. there was a specific example of a 90-year-old woman who claimed financial freedom initiative she came up 27 cents short on in sherman's payment. can you explain why it would make sense for foreclosure proceedings against a person to 27 cents? >> it made no sense and tha