meuser: we've got a $6 billion budget at the fed. would you welcome doge to have a look under the hood? mr. powell: we haven't heard from them, and i got nothing for you on that today. rep. meuser: i yield back. >> the gentleman from illinois is recognized for five minutes. rep. casten: chair powell, always a pleasure to see you again. i don't expect you to comment on the policy, but there's been a number of actions by the trump administration of scrubbing or eliminating get that the private sector has historically relied on to understand the direct and indirect impact on the economy, public health data, information about breaking things down by gender, by race, that we need to understand granular shifts in the economy. i realize that you don't rely exclusively on government data, but has there been anything that has happened since the trump white house was sworn in that has limited the fed's access to information you need to fulfill your dual mandate? mr. powell: not that i'm aware of, no. rep. casten: if there was, would you commit

meuser -- its benefits. mr. meuser. mr. meuser: i want to thank my very good friend for his leadership and i rise in support of my legislation, the china exchange rate transparency act, h.r. 692, a bipartisan bill supported by my colleagues on both sides of the aisle. this legislation directly confronts the people's republic of china's very nebulous, opaque and often manipulative practices in foreign exchange markets, including their policy of intentionally depreciating their own currency, which undercuts the competitiveness of u.s. exports in a random manner that's targeted based upon products and particular industries. by man dating the u.s. executive -- mandating the u.s. executive director to use the voice and vote of the united states to advocate for increased exchange rate transparency from china, we're not just advocating for fairness, we're fighting for the integrity of the global economy, in line with our own intellectual trade goals -- international trade goals. it's very reasonable. during treasure secretariy bes

cheryl: dan meuser we will be watching the hearing today were looking forward to seeing what's comingour hearing room, thank you good to see you as always. a lot more coming up. china filing a dispute against trump tariffs but my next guest calls china position predictable and president xi does not want to escalate the trade war senior fellow and author gordon chang coming up after the break. ♪ ♪ ♪ him. >> lawmakers are planning to introduce a bill that would be on deeply from government owned devices coming after researchers found the app is a built-in security code that could be sending you to login information to chinese state telecom company china mobile the fcc band china mobile from operating in this country back in 2019 over national security concerns and the close ties to the chinese military i would begin date certain institute fellow and author of plan read china's project to destroy america gordon chang. even yesterday abc news reported that the algorithm for deepseek takes profile data, user data and it sends it back to the chinese government that is word for word on their

congressman meuser, terrific tough as always, sir.ng us. >> thanks, ash. is have a great one. ashley: thank you. all right. of let's check the futures. pointing slightly lower at the opening bell which, by the way, as you can see, just slightly lower, the opening bell is coming up next. stay with us. ♪ finish. ♪ ♪ ♪ do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. call coventry direct to learn more. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. our friend sold their policy to help pay their medical bills, and that got me thinking. maybe selling our policy could help with our retirement. i'm skeptical, so i did some research and called coventry direct. they explained life insurance is a valuable asset that can be sold. we learned we could sell all of our policy, or keep part of it with no future payments. who knew? we sold our policy. now we can relax and enjoy our retirem

joining us now from house financial services congressman dan meuser. congressman? list of what's going on at usaid. they wasted $20 million to recreate sesame street in iraq. $9 million meant for syria went to al qaeda terrorists and aid money meant for ukraine went to london fashion week and also to new york city. so, this is what joni ernst is trying to stop. what do you think? >> well i'll tell you what. you just hit the tip of the iceberg on that list, liz. the waste that has come out of usaid, the unbelievable level of taxpayer dollars that goes into australians. usaid.i had samantha power in s and we were asking the questions, and they were even, i was asking why don't we try subsidizing at least if we do that, natural gas in africa, and they were pushing solar panels. this was all about ideology. it's horrific and this is exactly why doge members were not allowed in and why we elected president trump who we're scrutinizing these things far better and being allowed to. there was no transparency. there was no openness. we couldn't get the details. well the det

congressman dan meuser, thank you for joining us.rman had no problem bucking his party and ruling out to voting for two controversial nominees. who is it? lauren: tulsi gabbard as director of national intelligence and rfk jr. as direct terrific of health and human services. fetterman writes, i've met with most of the cabinet nominee and carefully watched their confirmation hearings. after considering what's at stake, i've voted against these two. so i'd say that was a thoughtful response. he didn't go into detail, but he was the lone democrat to confirm pam bondi as attorney general. he also supported kristi noem and scott turner for homeland security and hud so, yes, he is willing. he's from a purple state of pennsylvania to work with trump and the administration. and he is being considered a potential candidate for 2028. stuart: he's come a long way. he is the common sense democrat. that's what he is. thanks, lauren. coming up, if you want to own an iconic piece of sports memorabilia like patrick mahomes signed rookie card or helme

cheryl: and we had congressman dan meuser on last hour and he said the problem isn't the banks. fdic. that's where the pressure under joe biden came on top of the banks. we have a lot of questions, we don't have a lot of answers. >> ho hopefully elon gets thrh the fdic and gets that corrected as well. obviously, it's not he'll call o be debanking anyone. how do you expect them to buy things? go back to a barter economy and trading pigs for corn. it's not feasible. it's not realistic. cheryl: melania trump told maria in october that she was debanked. final thoughts before you run. >> just the federal government's trying to enforce the anti-money laundering rules and it's much better for them just to shut your account down than to ask questions so they just send you a letter and your account's gone. that gets the feds off their back so it's really driven by the anti-money laundering regulations. cheryl: we'll see, congressman fuser's got a hearing on it today so the story will continue throughout the day. jay, great to see you. jay hatfield. mark is going to stay with us all morni

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meuser: mr. speaker, before president trump was elected, there were an average of 3, 430 illegal crossings per day. today that number has dropped to 126 per day. despite this did he keys, the threat from illegal immigration has not evaporated. h.r. 35, the agent raleigh gone dp discal eases officer safety act gives law enforcement authorities the necessary tools to fully penalize. jail time. this sends a clear message. we will hold you accountable. american people have had enough. we will not tolerate policies that puts criminals ahead of citizens and we won't stop fighting to stop illegal drugs and human trafficking and protecting our communities. i yield back. the speaker pro tempore: for what purpose does the gentlewoman from oregon seek recognition? >> i request unanimous consent to address the house for one minute and revise and extend my remarks. the speaker pro tempore: without objection. the gentlewoman is recognized for one minute. >> mr. speaker, i rise today because oregon's children d

meuser: i represent the marcellus shale, one of the largest in the world, and pennsylvania is leading the way in clean, affordable oil production. natural gas and oil are important to our way of life, powering our home, our cars, our businesses, and mr. speaker, the entire world is fracking. but we do it best and cleanest here in the u.s.a. so the more natural gas we produce here at home, the cleaner the world will become. this bill is a serious economic national security and environmental vote, i urge my colleagues to vote for clean energy and for american economic and national security strength by supporting this legislation which we're voting on tomorrow. i yield back. the speaker pro tempore: for what purpose does the gentlewoman from north carolina seek recognition? >> unanimous consent to address the house for one minute and revise and extend my remarks. the speaker pro tempore: without objection, the gentlewoman is recognized for one minute. >> thank you, mr. speaker. i rise today with a heavy heart to pay tribute to the life and service of captain rebecca lobach, an accomplish