and the judge of the arbitration court of the karachay-cherkess republic, deputy head of the republican treasury, murat elkanov, judge kazbek sapogarov was hospitalized with serious injuries, practically did not suffer, it's not clear yet. could professional activity cause an attack on civil servants. track suspected of major fraud detained in moscow the swindlers promised the victims easy money and support in starting a business, but in reality they deceived and dragged them into their criminal scheme. as it turned out, the qnet company, which has long had a scandalous reputation, was involved in the case , ksenia found out how the scammers chose victims and how they lured them into their pyramid fight against corruption, this meeting can safely be called a long-awaited the central bank recognized the qnet of the financial pyramid last fall, but despite the impressive number of victims, there were 1,000 of them, criminal cases were not initiated for a long time. right now, three law enforcement officers in the company's office are conducting searches there for a bath. it hasn't been sorted out

department and now urgent news unknown people attacked the judge and the deputy head of the republican treasurythe incident was caught in the lens of street cameras, in these frames the judge of the arbitration court of kazbek plagarov. and deputy head of the treasury murat elkanov leaves the cafe unexpectedly. it would seem that a passer-by deals a heavy blow to elkanov. and when it falls here , people with beaten people appear at the scene of the incident and a severe beating begins. the referee was practically unharmed. here, elkans with heavy herbs were taken to the hospital after being beaten, the attackers fled the scene in a car, they are now wanted in the city , an interception plan has been announced. it is possible that the attack was not accidental. and it was carefully planned draws on itself attention. the fact that one of the aggressors took murat elkanov's bag with him, as if she was the target of a child attack , the regional investigation department of the icr announced the initiation of a criminal case on the fact of a robbery. the samara court of cassation considered the comp

the treasury bonds will have to pay. after republicans have force a default on the national debt. -- by issuing treasury bonds that are purchased all over the world. they've always been considered the safe this investment on the planet. and as of tonight they still are. that is what china purchases are treasury bonds. and as republicans put this on default on our payments of interest. on those treasury bonds. or in any other payment by the federal. government. we will have to pay china a higher interest rate for holden treasury bonds. so, defaulting on the debt. it weakens united states, it weakens the world economy. markets up every single interest rate that you pay. on anything from credit cards, to mortgages. and it rockets up. what we have to pay, from the united states treasury. to china. in interest payments, and treasury bonds. guess who knows that? china. guess who doesn't? congressional republicans. most house republicans now operate in the fog of -- astonishing stupidity,, and relentless lying. like marjorie taylor greene, -- an

when i asked secretary mnuchin in front of me several years ago on ways and means, obviously, republican treasuryican administration, when i asked him to describe the consequences if we ever failed to raise the debt ceiling, he responded it was absolutely unimaginable, that it would be such a cataclysmic event, i as a democrat voted three times to raise the debt ceiling under a republican president so i've been pretty consistent on this. raising the debt ceiling is about paying for debt that we already rang up. it's like, you know, if you're a household and you went out with a credit card, and then a month later, you get the credit card bill for the spending you already made that you decide not to pay that bill so we need to raise the debt ceiling. >> and then what >> more than anything else >> that'll happen. that'll happen, probably it always does and then we're left -- do you support having that last-minute omnibus every year you know, not introducing a budget that people can, you know, actually structure in a way that, you know, gets our fiscal house in better order we should just, whatever h

republicans say no, there needs to be conditions. and an op-ed in the wall street journal said in holding the debt limit hostage, treasury secretary janetsays republicans could do harm to the u.s. economy. at what doesn't does not raising the debt ceiling become less irresponsible than continuing current policy and allowing the country to go broke? the current federal debt is more than $31 trillion. i remember back in the days of the waning weeks of the clinton administration, they were crafting a plan to pay down the then $5.7 trillion debt. i mean -- we got no hope of ever paying this thing off, but it's just going to continue to balloon out of control and out of sight. >> that's exactly right. look, senator graham makes a good points, the irresponsibility here is not putting the country back on a long-term path to fiscal sanity. every household has to deal with it, every government has to deal with it, you cannot spend way more money than you take in every single year. and the thing the democrats are doing here, specifically president biden, saying we are not going to negotiate. two problems with that. the first, the constitution giv

republicans say no. well, what's the alternative? we haven't seen the treasury department warns if congress doesn't raise or suspend the debt limit by june, it could wreak havoc on the economy. there's only one way forward here and that is for congress to raise the debt ceiling. >> well, san francisco and other bay area cities are starting to see apartment rent prices falling once again. so this comes as some major tech companies are laying off thousands of workers and economists would still say that a man has been dropping in expensive areas all across the country. kron four's dan thorn talked with that. economists who lives in san francisco. >> san francisco is seeing one of the biggest drops in the country when it comes to apartment rent prices. zillow, senior economist or fee de bruyne guy says it's too early to tell if tech layoffs will play a part in the market but also says apartment prices tend to follow house prices and the slowdown due to kind of higher interest rates and affordability challenges. >> is definitely the number one factor here for y grant

republicans say no. well, what's their alternative? we haven't seen it. >> the treasuryepartment says it can take steps to delay a default for several months. >>> the fbi is investigating embattled new york congressman george santos for an alleged gofundme scheme involving a homeless navy veteran's cancer-stricken dog. the disabled veteran says santos raised $3,000 in 2016 that was supposed to be used for the dog's lifesaving surgery. the veteran says he never received the money. the dog died six months later. santos, who is under investigation over his personal and campaign finances, has denied the allegation. >>> legendary nfl quarterback tom brady announced his retirement again, but this time he says it's for good. >> only get one super emotional retirement essay, and i used mine up last year. so i really thank you guys so much, to every single one of you, for supporting me. >> the seven-time super bowl champion made the announcement yesterday on social media. it came one year after he first said he was retiring, but he reversed course weeks later and came back this s

republican in that job. janet yellen is a democrat. when biden asked her to become the treasury secretary i said here is someone who has been in the middle of every major economic debate and she is a vehicle or character that i could examine the economy upheaval. american households have been through a lot. trade disruptions, covid crisis, and here is an economic policymaker who has been in the middle of all of it. the reason -- she is a consequential figure in the first woman to ever run the treasury and fed. what really drew me to writing about her was actually a love story. so janet yellen is married to a nobel prize winner, he is a pharaoh with -- theorist. and between the two of them they have been in the middle of every major economic debate. i saw them as two characters through which i could examine 60 years of economic debate and upheaval. the book i wrote, she has on the cover of it but it is a story of modern economics and how did the united states get to this place? how did we get this really disruptive economy that we are living through. host: we have some calls line

treasury into the trust fund. host: this is a j. line for republicans. about five minutes left. caller: good morning. what good thing i can tell you is that listening to what you are saying is, you want to spend a lot money. i cannot believe you. even now you are talking about, we are just going to spend a lot more money and we are going to tax more but we are going to raise the tax revenue. this whole thing has never worked. it has not worked, otherwise we will not be in the situation we are in right now. i would say the social security system is the most successful system ever instituted by the united states government. caller: for the viewer, find another agency, whether it is the pentagon or any other agency, finding any other private sector industry that operates with they call insurance language, a 99% loss ratio. social security is administered with less than 1% of the costs going to the agency responsible for making sure that people get their pension payments, people get their spousal and dependent coverage and disability. this is americans number one anti-poverty program for the elderly. it

republican colleagues supported. >> they are luding the u.s. treasury, obviously. >> marjorie taylor greene, we appreciate you. thank you. >> thank you, tucker. >>> peat buttigieg is the transportation secretary. he is trying to determine what the critical problem is facing this country in the transportation realm. he decided there is too many white men in construction. >> we have heard way too many stories from generations past o infrastructure where you have a neighborhood, often a neighborhood of color that finally sees the project come t them but everyone in the hard hats on that project looking like and doing the good paying jobs don't look like they came from anywhere near the neighborhood. >> it's the main complaint of people in poor neighborhoods. white people fixed our wards. we don't want them. white people fixed them. today that guy decided to dress up as one of those terrifying white construction workers. we have the tape, next. >>> derailed in ohio, the secretary of transportation pet buttigieg took a break from breast-feeding and taking personal time to actually go to the town. when he arrived he

the house republicans have just begun the investigation. and we already know treasuriesing suspicious wire transfers. so he is kind of watching, watching trump, watching the indictments and waiting to see if desantis ever gets in. but i remember lbj come it was not like i am told i don't want to run again. bobby kennedy said you are not running. and there was also a sex scandal bubbling up from one of his cohorts in the senate that would crush him before jfk got assassinated. the good old boys wanted to put nixon in there. he didn't decide himself, it was decided for him. he also just took the physical. i don't know what happened with the physical. he is fit and ready to rock but the man fell and that is four times he's fallen with his dog, twice in one off of the bike. there could be some things we don't know about. i'm sure he doesn't want to leave things in the hands of kamala harris. >> judge jeanine: you never know, she sounded good in the last interview. let me ask you this: if he decides not to run, dana, who does that benefit? >> dana: if i was a betting person,

know the exact figure but if i recall it would increase by more than $100 billion. >> in treasury cost house republicansill vote to slap a 30 percent sales tax on everything from gas to groceries to housing and healthcare and at the same time people pay according to how much money they have. and how they impact the wealthy. >> sales taxes are regressive and they pay more of their fair share. and then a low income person would feel that in their wallet more than a high income taxpayer. and the average tax bill is 80 percent of americans under the republican plan would in his by 100 on —- but then hundreds of thousands would save and then the last little piece. republican tax plan with a completely abolish the irs make the states do the dirty work and with the billionaires cheating and then with the mega- mansions in the mega yachts in private art collections would they would cheat on their taxes at the irs abolish and we have nothing but the fair tax law? >> you are raising a good point but all sales tax very large complicated. and to make sure we are assessing the right sales tax to pay to have signific

pushing for more specifics o proposed spending cuts from th california republican after the country had the debt limit last month. u.s. treasuryaking extraordinary measures to avoid default, giving congress until june to act. >>> the gop led states called the d.a.c.a. rule unlawful. it protects 600,000 undocumented immigrants that were brought to the united states as children. federal judge ruled as unlawfu and 2021, block the approval of new applications. his order allow the program to protect current enrollees. >>> let's get a check on the weather with meteorologist jessica burch. we are tracking change in the system. >> we are talking about rain now. once we extend all the way through this afternoon, partly cloudy skies will fill the bay. we have a clear and chilly start. we have a frost advisory in effect until 9:00 a.m. this afternoon, the skies will be filled with clouds. we are not seeing rain clouds yet. that will happen thursday into friday. outside right now, skies will fill with clouds over the coming hours. current temperatures are in the 30s. san francisco is in the low 40s right now. it is a clear day today. as w

republicans say no. well, what's the alternative? we haven't seen the treasury department warns if congress doesn't raise or suspend the debt limit by june, it could wreak havoc on the economy. there's only one way forward here and that is for congress to raise the debt ceiling. mccarthy and the president will continue these discussions as the speaker wants to come to an agreement. >> long before the deadline reporting in washington. i'm basil, john. >> we'll take a break here to 22 coming up on the kron. 4 morning news in the latest trend in job cuts. we have fedex now announcing that they too. we'll be laying off workers. why the company, though, says directors may be the first to go. >> 25 the time. and in the east bay, a postal worker is robbed in broad daylight while working in oakland, a usps inspector tells kron 4 it happened on 41st street right near telegraph avenue. there's about 9.30, yesterday morning, according to the usps postal keys were stolen while the mail carrier was walking alongside his route, the worker suffered minor injuries should recove

republicans say no. well, what's the alternative? we haven't seen the treasury department warns if congress doesn't raise or suspend the debt limit by june, it could wreak havoc on the economy. there's only one way forward here and that is for congress to raise the debt ceiling. mccarthy and the president will continue these discussions as the speaker wants to come to an agreement. >> long before the deadline reporting in washington. i'm basil, john. >> well, 7.21, california water officials say the mountain snowpack that supplies a significant amount of the state's water throughout the year. got an incredible boost from recent powerful storms. so the latest survey up at phillips station recorded 85 point 5 inches of snow and snow water equivalent of about 33 inches was just pretty good fact. that's 193% of average for this time of the year statewide. the snowpack is roughly 200 to 5% of average for this state and all that snow. obviously good news for skiers as well. >> in over 14 plus feet in just january. and there's more on the way. so it's just going to kee

republicans say no. well, what's the alternative? we haven't seen the treasury department warns if congress doesn't raise or suspend the debt limit by june, it could wreak havoc on the economy. there's only one way forward here and that is for congress to raise the debt ceiling. now, mccarthy and the president will continue these discussions as the speaker wants to reach an agreement long before the deadline. >> reporting live in washington. i'm basil, john. okay. we'll see what happens. and thank you, basil. it is 5.21. we'll take a break. coming up next on the kron. 4 morning news mass covid-19 vaccine and testing sites are going to be closed. >> in santa clara county soon, we'll tell you what prompted that decision and where you can still go. if you do need those services will be right back. >> it's 5.24. and santa clara county is going to close its 3 remaining mask covid vaccination sites by the end of this month. the county says the wide availability of vaccines now pharmacies and also home testing is one reason that they're going to be for 2 reasons going

republicans say no. well, what's the alternative? we haven't seen the treasury department warns if congress doesn't raise or suspend the debt limit by june, it could wreak havoc on the economy. there's only one way forward here and that is for congress to raise the debt ceiling. >> now, mccarthy and the president will continue these discussions as the speaker wants to reach an agreement long before the deadline reporting live in washington. i'm basil, john. okay, thank you, basil. >> it is 6.22. we'll take a quick break. but coming up on the kron, 4 morning news in the we'll have the latest. a trend in job cuts. fedex now saying it too, will start laying off workers. why the company says the directors may be the first to go will explain. we're back at 6. 25 and in the east bay, a postal worker is robbed in broad daylight while out working in oakland. >> so usps inspector tells kron 4 it happened on 41st street and telegraph avenue. there's about 9.30, or so yesterday morning. according to the postal service, postal keys were stolen while the mail carrier was wal

treasury secretary janet yellen has renewed her warning that congress must raise the federal government's debt ceiling to avoid a financial catastrophe. republicansffect to hold off on lifting the ceiling until democrats cut future spending. treasury chief told officials in washington that many of the residents would lose jobs if congress fails to act. >> this economic catastrophe is entirely preventable. the solution is simple, congress must vote to raise the debt limit and it should do so without conditions. let's not wait until the last minute. it's a basic responsibility of our nation's leaders to get this done. vonnie: adani group says companies are able to refinance their debts. a credit report released showed they vote creditors $27 million. the group says businesses operate on long-term contracts that generate consistent cash flow with no market risk. global news, 24 hours a day. on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. i'm vonnie quinn. this is bloomberg. shery: let's turn to bell was falling this busy day when it comes to earnings across australia. however markets looki

doing what, again, every speaker, republican and democrat, have done over and over again to protect the full faith and credit of our currency and the paper that the treasury sells, again, as basically the gold sterling in terms of financial markets across the world. mr. mcyairt has not told us -- us-mr. mccarthy has not told us. members have talking openly and publicly they want to do entitlement reform, which is go after social security and medicare. i would just say, madam speaker, that this is very off target proposal and solution. because, in fact, social security has no bearing in terms of the operating deficit of the federal government, which, again, the speaker claims that he cares so much about. social security is funded through a separate revenue stream, payroll tax, that comes out of working people's paychecks every single pay period that goes into a fund that, again, is separate and distinct from the operating budget of the federal government. again, the proposals of the republican study group, which is to raise the retirement age from 67 to 70, to impose a degraded level of c.p.i. cost of living adjustment, would hit middle class americans har

republican colleaguesanokingn >> they it. >> yeah, they're just they'rare just saluting the u.s. treasury. i mean, obviously,treasury thatw >> margaret taylor greene, appreciate your coming out tonight. thank you. iate you thanthank you, tucker. >> s.o people to judge is thetig transportation secretary, and he's impaneled a commission to determine what's the criticalrmin problem facing i this country inan the transportation realm. and he decide it's toosportaeal white men in construction.e menn >> we've c way too many stories from generations past of neationsinfrastructure where yot a neighborhood, oftenr a neighborhood of color that finally seesthat es t a project come to them. but everyone in the hardhatsroje on that project lookinctg like,o you know, doink g doing the good paying jobs don't look like they came from anywhere neare the neighborhood. >> yeah, it's the main complaint of peoplmain e in poor neighborhoods. white people fixed our roads. we don't want the roads now..t m white people fix. >> well, today, that guy decided to get cosplayup and dressed up as one of thoseht terrifyi

than the june default that the treasury secretary janet yellen predicted, which could mean that debt limit negotiations will feel even less urgent. some house republicanslves in the unusual position of agreeing with house progressives and hoping to cut some spending from defense. a prospect real enough that senate republicans are warning them to stay away from the pentagon according to reporting this morning from our friends at punch bowl. joining us now is one of our friends from punch bowl, punch bowl news cofound ir, jake sherman, and senior white house correspondent kayla tausche. treasury says they're sticking to their june deadline. that's when they believe the u.s. will default on its debts. what's the status of the negotiations you can tell us between the white house and republicans? are you hearing anything, and how is the number two at the fed moving over to the white house? lael brainard going to affect these negotiations? >> when dr. brainard moves to the national economic council this is going to be the number one issue that she will have to tackle, and she's going to be leaning on long-term relationships that she has up on capitol hill to

a letter in april of 2022 the thin treasury secretary raising concerns about economic impact payments going to the ineligible foreign nationals and i and my republican colleagues tried to warn our friends across the aisle we shouldn't go blindly throwing money without oversight. unfortunately i'm afraid they didn't listen. does the gao have information on the payments that were provided to the foreign nationals were two deceased individuals during the rush to send covid checks to all corners of the world? i'm sure this was asked earlier but i've been in and out. >> first on the deceased individuals, we looked at the work done by a tax inspector general. they found $1.4 billion since two deceased individuals in the first round, first and second round of the economic incentive. >> would you call that fraud or mistakes? >> it's a mistake and they interpreted it that congress intended them to do that. it wasn't until treasury stepped in and said that was inappropriate and we recommended to try to get the money back and they did receive about half of it back. >> do you agree with the assessment of several experts and officials at different levels indicat

i sent a letter to the treasury secretary raising concerns about impact payments going to in eligible foreign nationals and i and my republican colleagues tried to warn our friends, we should not blindly throw money at the pandemic but they didn't listen. they have details on the amount of payments that were incorrectly provided to foreign nationals or deceased individuals in the rush to send covid checks to all corners of the world. this should have been asked earlier but i am asking now. >> i understand. >> on deceased individuals, we've looked at the work done, there is a tax inspector general, they found $1.4 billion in deceased individuals in the first round, first and second round of the economic incentive. >> would you call that fraud or just mistakes? >> it is a mistake. and actually, they -- irs interpreted it, that congress intended them to do that. it wasn't until treasury stepped in and said that it was inappropriate and we recommend they try to get that money back, they did receive half of it back. >> do you agree with the assessment of several experts and government officials at different levels have indicated t

treasury secretary janet yellen said the administration is willing to negligence he other yates with republicansir budget proposal but not as a condition of raising debt ceiling. joijoin me right now is texas congressman, chairman of the small business committee, roger williams is here p. it's good to see you this morning. thank you for being here. how is this going to play out in the coming months in terms of this debt ceiling debate? >> we're going to see what it does. the debt ceiling, we can't continue to raise it without having cuts. like every family, every small business, if you're out around $1,000, you cut a thousand. we need to have that mentality up here. it's got to be now because $32 trillion debt, we can't continue to have that and pay the interest on it as the fed raraise interest rates. we've got to have cuts. they that's what i'll be supporting. maria: where would you cut? look, you look at defense spending in the midst of so many provocations from china, russia, and then you look at the social security and medicare. they're going bankrupt in the coming years. but the president

republican controlled house of representatives refuses to raise a debt limit unless president joe biden agrees to steep spending cuts. democrats wanted to be raised without any condition. the treasury department has started taking so called extraordinary measures, including suspending investments for retirees to avoid missing financial obligations to bondholders. but that would give congress and biden until early june to resolve the issue. while the united states is among a few countries to set a legal limit on bar, right. so what exactly is the debt ceiling? it's the maximum amount. the government's compared to pay bills already approved by lawmakers. it doesn't include new spending commitments. the measure was 1st introduced back in 1917 to make it easier for the government to finance its participation in the 1st world war. it has been periodically res because the u. s. runs large annual deficits in the revenue it collects isn't sufficient. the nations debt is currently at more than 120 percent of g d p. but that's still lower than more than a dozen countries, including japan, greece and italy. in recent years with the u. s becoming more partisan. lawmakers have used the debt cei

republican in that job. janet yellen is a democrat. when biden asked her to become the treasuryecretary i said here is someone who has been in the middle of every major economic debate and she is a vehicle or character that i could examine the economy upheaval. american households have been through a lot. trade disruptions, covid crisis, and here is an economic policymaker who has been in the middle of all of it. the reason -- she is a consequential figure in the first woman to ever run the treasury and fed. what really drew me to writing about her was actually a love story. so janet yellen is married to a nobel prize winner, he is a pharaoh with -- theorist. and between the two of them they have been in the middle of every major economic debate. i saw them as two characters through which i could examine 60 years of economic debate and upheaval. the book i wrote, she has on the cover of it but it is a story of modern economics and how did the united states get to this place? how did we get this really disruptive economy that we are living through. host: we have some calls lined

yes, this will lead to the fact that the republicans will simply rest against the horn and the secretary of the treasurypeakers began to insist that everyone vote on spending. they were compared, uh, to the ceiling national long and here just in time for the end of the month after mccarthy gave his promise that all votes on financial issues will be compared with the ceiling of the national long, so as not to exceed this ceiling. and then suddenly by the end of the month to say that the ceiling has already been exceeded , that is, bytan. here she has a tsunt, before the summer he must either plank or cut costs, moreover, he already said that he is preparing a new budget plan, in which the public debt will be reduced by this second, so to speak, the second passage is also from the statistics for two trillion dollars state debt. so far it continues to grow, 31. this is 541 billion dollars, and the total debt serviced by the united states is 181 trillion 300 906 billion dollars , which will never be returned, but what the experts drew attention to immediately that we are talking about those two trillion, er

house republicans are already talking about their willingness to suspend the debt ceiling. it's a benefit to investors because it will push out the date for a deadline. treasurydinary measures. the house republican conference and the senate could agree to these really short-term suspensions. i do like these mentioning -- the mentioning of it or as a hike. they are functionally the same. jonathan: we will see how prominent that role is in the years to come. henrietta treyz. just the feeling she has been isolated. i have seen several reports on that. tom: i said good question. i think you are dead on. i will blame her a little bit. jonathan: why? tom: she's an extremely competent, venerable economists. the treasury department -- i will go back to john conolly with jfk and that terrible car in 1963. in my childhood treasury was not framed by andrew mellon. it was framed by john conolly who were business types, like mr. mnuchin and yellen does not fit central casting secretary of treasury. jonathan: we will pick up on that later. the latest from steve england er. he was looking for a pause from the fed in march. we now inspect 25 basis point hikes in march and ma

democrat or republican, you have to start caring about this in a few months what does the worst case sen near owe look like once the treasury house has to decide what they stop paying for. the principle when the bonds mature, horrible maybe all sorts of started planned spending gets pushed back social security or medicare but people will be worried so while we don't know what this would look like, it's definitely bad. you know how i keep talking about the winners of the big infrastructure bill and last year's so-called inflation reduction act, those projects will get suspended if the debt ceiling doesn't get raised and if things get so dire that social security payments stop happening or veterans lose benefits, that will have an immediate negative impact on the whole economy but i'm sure biden would agree to some spending cuts nobl nobody wants to be the president who screwed up social security but as we get closer to the debt ceiling deadline, you better believe we'll see more headlines about how we can be headed for a real economic disaster at the same time, given that most interest rates are determined by assigning some

house republicans don't want to pay the bills until president biden agrees to spending cuts even though these are budgets that were set by both parties. joining me again is former treasurys and said it is unresponsible and unmanageable that we won't pay our bills. but here we are again. if you were advising president biden, what would you tell him to do? >> i would advise him that it is not a viable strategy for the country to default on obligations, whether it is interest rate obligations or obligations to pay contractors or to pay federal workers or obligations to pay social security benefits. that is the stuff of banana republics. and that he's not going to engage in any of that stuff. i advise him to basically insist that congress do its job and approve the borrowing to finance the spending it has already both authorized and appropriated. i think he should be staying very strong. will there be any cosmetic things things effecting looking at future spending. maybe there will be. but fundamentally, this is nothing something where you there should be bargaining. you could debate who will win the game of chicken, what you can't debate is that the american people will lo

republicans right now following president biden's administration and family. how twitter handled the new york post story about hunter biden's laptop. >> he plans to also go after hunter biden's financial information if the treasury that he wants. he's not ruling out subpoenaing the presidents sons banks as well. >> was the focus on today's hearing? >> this is a kickoff of the hunter biden investigation and an investigation into tech companies. they were talking about this in their opening statements in the hearing. they are arguing that the american public should've had information about the laptop story ahead of the 2020 election. twitter was colluding with the federal government to suppress this information. why are we still talking about this? this is an excuse to dig up his laptop again. we are hearing for the first time, publicly from james baker. he previously served as the fbi's general counsel. we did not do anything illegal or anything wrong. take a look at what baker said. >> i was not aware of and did not engage in any conspiracy or any other effort to do anything unethical, on proper or unlawful when i was at twitter period. i did not act unlawfully in respect to hunter biden's laptop. >> this is a f

republicans tried to strike again -- raising the debt limit is congress's job. it is not into a spending, deficits. it is simply a procedural vote to allow the treasurynt to pay the bills that congress has already incurred. if you want a big negotiation or a big fight over the budget bill, the spending bill, come -- let's do that. but let's take the danger of default, -- to undoing all of the progress we have made since the pandemic, by putting the risk of -- take that inside, then we will have a conversation. you do your job. and you are welcome to come down here and have a meeting with me. we will hammer something out. >> can i just highlight the fact also, setting aside the actual negotiations, the fact that republicans are openly saying, let me tell about trimming or slashing the social safety net at a moment when even president trump realizes that it is politically suicidal and i must highlight for those who do not know, the rnc is telling the gop that they need to double down on pushing restrictive abortion bans in order to win in 2024. this party and the elders, if there are any that are actually sailing the ship with her hands in the captains

other house republicans who are tonight, threatening the entire process state of our economy with their recklessness as it relates to the debt ceiling. for the past two weeks, the treasury department's been using what it calls extraordinary measures to ensure that the united states has enough money to pay off its existing financial obligations, which in payments to treasury bond holders, military salaries, so those have been met benefits, retiree payments. economists warn that the consequences of the united states not paying its bills would not only be economically devastating domestically, but i could plunge the entire globe into a financial crisis, considering trillions of dollars worth of foreign debt is held by foreign investors. that's why congress has always raised the debt ceiling when it's needed, including 49 times under republican presidents, 29 times under democratic presidents. but kevin mccarthy has vowed, he's not raising the debt ceiling unless he gets unspecified spending cuts towards programs, hurting whom, he won't say, in exchange. >> today, the remarks of the democratic convention in philadelphia, president accused republicans to destroy the economic

republicans aren't worried. >> the debt ceiling will be dealt with are over the coming months. >> you are confident it will be dealt with. >> yeah. america is never going to default. >> treasuryays congress has until june to address the debt ceiling. senate majority leader chuck schumer says congress will go by that date, not cbo's. bret? >> bret: chad pergram live on the hill. thank you. president biden may be about to give in to mounting pressure to finally speak publicly about the rash of unidentified aircrafts spotted over north america. the u.s. military has shot down four of them so far. we know next to nothing about three of those objects, even days later. but the president's silence on this could all change. white house correspondent jacqui heinrich has the latest tonight live from the north lauren. good evening, jacqui. >> good evening, bret. we can confirm president biden and his team are considering giving a speech soon to address the chinese spy craft and three other objects shot down over north america. reuters is reporting that speech could happen before the president departs for poland early next week. i'm told time something up in the air no pun intended meant

treasury secretary has described it. they have extraordinary measures to pay our bills through early june. the estimate is june 5th when the country will run out of money. hopefully republicans and democrats can make that 79 this time around. >> thank you very much. ryan, back to you. this is going to be the state of the union from the president then there will be a republican response or rebuttal officially delivered by arkansas governor, sarah huckabee sanders. unofficially, there will be another response from former president trump, we understand. as it relates to governor sanders' response, i'm told by a source familiar with the speech that it is going to be a call for a new generation of leadership. this person specifically pointed to the fact that joe biden is literally twice as old as governor sanders is. and that there will be, i imagine, some leaning into some of these so-called culture war issues that governor sanders led off with when she was inaugurated as governor of the state of arkansas. namely banning crt in k-12 schools. banning the word latinx in state documents, et cetera. >> yeah. that's exactly right and i think what you're seeing here is republicans kin

treasury into the trust fund. host: this is a j. line for republicans. about five minutes left. caller: good morning.n tell you is that listening to what you are saying is, you want to spend a lot money. i cannot believe you. even now you are talking about, we are just going to spend a lot more money and we are going to tax more but we are going to raise the tax revenue. this whole thing has never worked. it has not worked, otherwise we will not be in the situation we are in right now. i would say the social security system is the most successful system ever instituted by the united states government. caller: for the viewer, find another agency, whether it is the pentagon or any other agency, finding any other private sector industry that operates with they call insurance language, a 99% loss ratio. social security is administered with less than 1% of the costs going to the agency responsible for making sure that people get their pension payments, people get their spousal and dependent coverage and disability. this is americans number one anti-poverty program for the elderly. it is america's most pop

republican specialize in. ideas that they know can never happen. joining us now is natasha sarah, associate professor at the yale law school in the yale school of management. she previously served as counsel to treasury you so much for joining us tonight. i want to begin with the concept of the 30% sales tax. for people who that might sound like a fun replacement for the income tax, what should they know about it? >> the key point to understand, lawrence, is that if you replace the individual income tax, the corporate tax, the estate tax, with a 30% sales tax, what are you doing to the american people? what you're doing is for the bottom 50%, you are doubling the taxes that they owe each year. and so that is because people, regular people, spend a greater share of their income than the people at the top of the distribution. you are having a doubling of taxes for the bottom 50%, and a tax break for the top 1%, to the tune of hundreds of billions of dollars each year. i think it's ironic the republicans call this the fair tax. it would be better named the unfair tax. >> and going to the spending side of things, where kevin mccarthy is saying that he wants spending cuts,, he actually wants to for spendi

republican nominee. chase eventually resigned his post, but lincoln and his successor, william pitt, continued the successful fiscal policies of his predecessor despite despite these differences with chase lincoln praised his work as treasury secretary and rightly. in this well-crafted work, lowenstein introduces the reader to a largely untold of how lincoln and cabinet, especially chase. won this financial side. the civil war an essential component of military success in the process change the direction of the country. so, roger, congratulations thank you extremely much. i'm. i just want to say how thrilled and touched i am. and harold was telling us last night about the scholar introduced him to civil studies. there must have been at least six or seven years ago. harold and i just want to tell you that when i was finishing my last book with no about the civil war, i read a book, a just and generous nation by one harold holzer. so particularly to win a prize in his name and to be presented by people like michelle crowell with with the chief on the dais and the rest of the committee. i'm just completely touched. so thank you. thank thank you very much, roger. and michelle and tom, of course, with your great introduction. t

getting away with cheating on their taxes, and republicans cut the money that the irs needs to go after them. and this is very explicitly, as the secretary of treasury said, talking about americans who earn more than $400,000 every year, including lots of multimillionaires and billionaires in the country. so when you say the irs can no longer have the funds to go after wealthy tax cheats, what happens? you collect less revenue from very wealthy people. and what happens when you collect less revenue from very wealthy people? you increase the deficit. and, being in, the nonpartisan queenal budget office says that the action the house already took would increase the deficit by over $114 billion. this from the republicans in the house who are now threatening the united states not pay its bills, claiming that they care about the deficit and debt. when one of the very first actions they took was to increase it. so that's just not the case. i mean, their actions indicate they don't care about the deficit. what's it really about? so what republicans are really after is attacking critical investments that support the american people and have helped strengthe

pressure from the republican majority in the house of representatives, who have long been demanding tighter controls on the use of us aid. yes, but at the same time, the us department of the treasury , not even up to the results of the audit, hastened to declare that washington does not see signs that the money allocated to ukraine is being used for other purposes. well, that is, it is quite possible that a specially selected team of auditors was sent from washington to kiev, which should not refute these statements at all, but rather confirm, and the whole purge started by zelensky is nothing more than a smoke screen designed to convince western allies that the ukrainian authorities are tirelessly fighting all manifestations of corruption and yes, all this series of arrests and resignations will, of course, only benefit zelensky’s image in the west, but at the same time, in kiev itself, the president will become much more strong and rather influential ill-wishers and even enemies. after all, this week the ukrainian security forces came with searches to the one who was often called the puppeteer of ukrainian politics to the oligarch kolomoisky, our partner oleksiy petrushkov, trie