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sec. psaki: sure, president biden will be meeting with president putin in geneva, we seek to restore protect ability and stability to the u.s. russia relationship and to your question, we expect they will spend a fair amount of time on achieving stability, where the arms control agenda goes following the extension of the new start, we are both members of the p5 plus one in those negotiations are ongoing. the president will also underscore america's support for ukraine sovereignty and he will plan to convey our concerns as he is now done publicly, privately as he is known publicly. it is three weeks away so there are a range of issues that maybe discussed during the meeting and we will provide details as we get closer. >> what do you have to say from republicans who think they are essentially rewarding? sec. psaki: we may have forgotten over the last couple of years but this is how diplomacy works, we don't work together, we don't meet with people only when we agree, and is actually importa

sec.aimondo: i think we will. i have had numerous conversations with people on capitol hill. there is bipartisan support for the bill. maybe not all of the bill, all aspects of it, but i think there is a growing recognition that we have kicked the can long enough, and there is a backlog of infrastructure in every state in america. and i think this will be the moment. and the president is determined. so that helps. david: the president has two types of infrastructure. traditionally its bridges, airports, toll roads, he has that in the first part. in the second part, the caring part which deals with elderly care, child care, kindergarten, so forth. why did he do it that way and are people confused when he calls things related to people infrastructure? sec. raimondo: yeah, i guess people are confused. i think he did the right thing. investments in care economy, and in those systems, which by the way are fraying all over america, we need to rebuild systems of training. id, so these workers can

sec.aimondo: i think we will. i have had numerous conversations with people on capitol hill and there is bipartisan support for the bill. maybe not all of the bill and all aspects of it, but i think there's group -- there's growing recognition that we have kicked the can longer enough -- long enough. i think this will be the moment. the president is determined so that helps. david: the president has two types of infrastructure. it bridges, airports and so forth. he has that in the first part and a second part that is the caring part that deals with elderly care, childcare, so forth. why did he do it that way? sec. raimondo: i think he did the right thing. investments in the care economy and in those systems, by the way which are frightening all over -- which are fraying all over america. by the way, you can't go to work and be productive if you cannot have good access to childcare. our people confuse? yes. are there some republicans that are balking? yes. what i like our chances of getting

sec. mayorkas: it is the public health imperative with the protection of the american people. >> that would be if they are coming across the border from mexico, the health status there. sec. mayorkas: i cannot speak to the exact analysis that the cdc undertakes and i would be happy to follow up with you. sen. lankford: mr. chairman, thank you for the additional time on that. this is a very important issue that we started a couple of months ago that we still have to get clarity on how that is going to be handled. because this is a very serious issue of how those individuals that are currently being returned, what happens next. thank you. sec. mayorkas: thank you, senator. chairman peters: thank you, senator lankford. senator romney, you are recognized for your questions. sen. romney: thank you mr. chairman. i must admit that i have found this hearing to be stunning in that it seems mr. secretary that you are proud of the progress being made by the administration, that things are going well

sec. cardona: thank you and good morning. it is a pleasure to meet you and i look forward to meeting you in person in the near future. i am honored and humbled to serve as the secretary of education. i am pleased to join you today and testify on behalf of president biden's fiscal year 2022 budget. i am honored to be testifying during teacher appreciation week. i would like to recognize all the hard work teachers, faculty and staff for their tireless dedication to students, in particular this year which was so challenging. i would like to thank all educators and teachers. i look at this request as a way to honor the hard work of our educators. the budget request makes good on president biden's campaign commitments to invest in education and begin to address the significant inequities of students, primarily students of color confront every day in , school and in pursuit of higher education. i first want to thank members of this subcommittee and your staff who helped ensure passage of the ame

the sec has that authority. and i believe that it was mike oxley from your committee who put in place exactly what you said, provision that there could be reliance on meeting certain goals. our office of chief accountant has an important role in communicating with these important accounting standards. and that the sec is at the top of that chain. >> my concern, quite frankly, as with their ability to implement something like cecil, which did not do any standard-setting studies about. they just arbitrarily went out and decided in their own wisdom that this was something that they should be doing. all the other government agencies has to it -- how we administer the rules and regulations every day. we have to go through the administrative procedures act. they do not. would you support something along the line to rein them in, so to speak, so they would fall under the administrative procedures act and have to do the kind of qualitative and quantitative studies before they can issue a rule or regulation which would p

sec how we freshen up our rules. rep. cleaver: a division that thinks about this, plans for this, go through all kinds of scenarios on what we do when this happens, anticipating, you know -- and anticipatory department. -- an anticipatory to marmot. -- departments. chair. gensler: it is true some of our units. i think we constantly have to be evaluating. an earlier question about regulating in the best interest. i said we would vigorously get the most out of best interest, but also evaluate. if it is not serving the purpose of investors, we will update that -- that role and others. we always have to make sure whether investors come first. >> i do recognize you just walked in the door. i am asking you questions you may need more time to deal with. i am hoping on a night where you are and i to get a night's rest, you remember the questions raised by congressman cleaver about the markets and how paranoia is practiced at the sec, because i am afraid of some bad stuff happening and i am hoping i am wrong, but i'm glad you

sec. mayorkas: thank you. our objective our commitment is a safe, orderly, and humane immigration system. when it comes specifically to the enforcement realm of the immigration system, we intend to be smart and effective. i worked for 12 years as a federal prosecutor. what we did with limited resources is assessed the threat landscape, the criminal landscape, and decide what is the most efficient and effective way of using those resources to have the greatest public safety impact. that model is no different to this dish enforcement arena. we are provided with resources, we assess the situation and we decide how can we use these resources to have the greatest public safety impact, recognizing that we are working on a landscape of a completely broken immigration system that everyone agrees is broken and that is in dire need of a legislative solution. on that landscape, and with those resources, we will be smart and effective and we will also be humane. >> the characterization that you are on

sec. mayorkas: thank you, is that better? quiet is one thing i have never been accused of being. [laughter] i do want to express our pots and prayers for the families -- express our thoughts and families for the families and loved ones of the victims of the shooting tragedy that occurred in the northern part of california earlier today. the department of homeland security is confronting serious, complex, and dynamic threats to the security of our nation on a daily basis. under the current administration, we are pursuing efforts to address our most pressing security concerns from cybersecurity to domestic violent extremism to the covid-19 pandemic and more. this is hard work, but that is what the 240,000 colleagues in the department of homeland security do every day. their dedicated efforts keep our communities safe and secure. the resources afforded by this congress ensure that we can effectively meet our mission and recruit and retain our nation's most talented professionals. the presiden

sec. mayorkas: thank you, is that better? quiet is one thing i have never been accused of being. [laughter] i do want to express our pots and prayers for the families -- express our thoughts and families for the families and loved ones of the victims of the shooting tragedy that occurred in the northern part of california earlier today. the department of homeland security is confronting serious, complex, and dynamic threats to the security of our nation on a daily basis. under the current administration, we are pursuing efforts to address our most pressing security concerns from cybersecurity to domestic violent extremism to the covid-19 pandemic and more. this is hard work, but that is what the 240,000 colleagues in the department of homeland security do every day. their dedicated efforts keep our communities safe and secure. the resources afforded by this congress ensure that we can effectively meet our mission and recruit and retain our nation's most talented professionals. the presiden

sec. yellen: thank you. chairman quigley, ranking member womack, thank you for inviting me today. i would say -- first i want to briefly discuss the state of our economy and the state of the treasury department. i believe one depends on the other. our economy is recovering from the pandemic. we still have a long road ahead of us. i expect economists will look back on this decisions to enact the american rescue plan very favorably. you have the option to provide a few -- where continued support to see us through the end of the crisis. thanks to its president -- aop and its right assessor legislation i'm confident we can get to the other side of the pandemic. americans need these dollars to reach their targets. treasury has been tasked with much of this work. the challenge is the portfolio has grown to match the urgency of this moment. our annual budget has not grown in tandem and something to provide -- to administer programs is temporary. our annual budget is still at the same enacted leve

sec.aimondo: yeah, i guess -- yes, people are confused. i think he did the right thing. investments in care economy, and in those systems, which by the way are fraying all over america -- i know it from my own state, we need to build systems of training, and it is vital. by the way, you cannot go to work and be productive if you cannot to have good access to child care or eldercare, so our people confused? yes. are there some republicans balking at the inclusion of the care economy? yes. but i like the chances. david: explain this to the american people -- we have a 1.9 trillion dollars stimulus package, there were no tax increases, we borrowed all that money. why not do the same thing with the infrastructure bill? why not just past it and borrow the money, why do we need tax increases? sec. raimondo: call it old-fashioned, the president thinks we ought to pay for our investment. as any family would. you have to pay the bill. you can't put everything on the credit card and not pay it. the

john coates is a valued member of the senior staff of the sec.y met him recently, he is contributing and working really well. >> did you provide any consultation with commissioner lee about or exert influence over staff hiring both the rules of the chairman's office for the sec division prior to being sworn in as chairman? >> no. >> do you have any input into the hiring of acting director coates thing? spin. >> no. as i just said no. >> i will shift gears. let's jump into disclosures. i have been concerned there are securities laws are going to be misused to push social policy agendas that are related to investor pretension and capitol formation. with that in mind i want to ask about commissioner lee's recent remarks as commissioner for progress. in her speech she suggested the sec should focus its attention on political disclosures. she said the following quotes, many companies have been or many companies that have made neutral pledges or otherwise state support private friendly initiatives have donated substantial sums to candidates with climbi

sec. raimondo: thank you. good afternoon, everybody. can you hear me ok? thank you to susan and the council of the americas. it is terrific for me to be here with you. i come to the position of secretary of commerce with private sector background for about a dozen years. i was a venture capital investors with a focus on health care. for the past 10 years, i have been a public servant in rhode island. it is exciting for me to be on president biden's team. he is setting a breakneck pace for the rest of us to try to keep up with. frankly, there is a lot of work to do. i will say, as you know, but it is important that you hear it from me, the president is deeply committed to sustained engagement with our partners throughout the western hemisphere to advance our shared vision for a future that is democratic, middle-class, and secure. the overarching goal is to support prosperity, safety, and a democratic region where the u.s. can partner with countries in that region to advance our shared inter

a positive viewpoint coming from the new commissioner of the sec.: most people know this, but the sec saying investors should understand it coin -- should understand bitcoin is highly speculative. bitcoin might go down. we appreciate the sec letting people know. so we are going to be talking more about crypto. i want to bring in the general counsel of o8o1 labs. i want to get your perspective on this idea of electricity cost. do you think blockchain technology tokens can move past the need for computation expensive crypt mining? >> thanks for having me. i think it varies largely. there is a proof of fate, which moves along to other networks. i think you are seeing a lot of energy consumption focused on not only by people like elon musk but environmental groups as well as neutral funds that have a wide investor base. i think it is hard to give -- more and more, i think you're going to see a focus and criticisms over how the network is run. romaine: a lot more scrutiny from a lot of different angles. let's talk about the regulatory side. this is some

sec. mayorkas: we are studying issues of parts of the wall that have been there for years that is no longer sustainable and whether that can be, should be rebuilt. we are looking at some of the issues you identified and i look forward to circling back with you to discuss our assessments. >> using the immigration laws you just mentioned and once title 42 goes away, wouldn't it be better if we can adjudicate these claims on our border faster instead of releasing them into our interior if they don't have a credible asylum claim, they will disappear after that undocumented number? we need judges and other resources. can you tell us what we need to do your job? sec. mayorkas: thank you so much. thihs is -- this is an area where i too will circle back with you. we are taking a look at the fact that it is multiple years between the time of apprehension and final adjudication of an asylum claim. that is too long a period of time. what can we do to deliver the process to deliver an outcome more rap

sec. whitley: a couple things. i think you were talking about the prioritization of people. ms. youssef: i meant more the equipment and how you are focused on that given budget constraints but at the same time the opening afghanistan offers. sec. whitley: i understand now. modernization, the budget plays into that. when you look at the levers we have, you have current operations, strength, modernization. what were trying to do now is find the modernization -- find -- fund the modernization as much as possible. we went through every line item of the blodgett -- budget and look for things we could reduce or eliminate. these were all important, valuable things the army is doing but they were less important than modernization. we realized in the last three budget cycles, we have realigned billions of dollars toward modernization. we like to talk about the 31 plus signature programs in the plan. we've been trying to perfect them and grow them and find them -- fund them and the plan is to contin

sec. mayorkas: i look forward to it. thank you. >> upon your nomination, i tweeted -- you tweeted "the united states provided me and my family refuge. now i'm going to be the dhs secretary to protect americans and those who flee prosecution and search for a better life for themselves and their loved ones." i was almost brought to tears when i read that. i was born here, but i'm also from a refugee community. it was extraordinary to hear that kind of statement coming from the dhs secretary. we are at 100 days in and there is a reality that we can acknowledge is that your family or mine, my relatives came to the u.s. to seek asylum. my parents would most likely be expelled nowadays under title 42. i assume you cannot be happy about that. can you give us a timeframe as to when that might end, or what metrics might be used to determine when title 42 expulsion will end? sec. mayorkas: let me start by assuring you and everyone that the use of title 42 is not a source of pleasure, but rather fran

sec. austin: this budget provides us the ability to create the right mix of capabilities to defend this nation and deter many aggressors. you heard me walk through many of the things we are investing in. it allows us to begin to prepare for the next fight. the short answer to your question is it in fact does provide us the ability to go after the capabilities we need. >> general milley, if you were to assess russia or china skip abilities, how would you compare our own including the ability to project power in relation with allies? gen. milley: thank you for the question. if we look back 40 years or so, china has come from a peasant-based infantry, one-dimensional military and has developed a very significant capability in the last 40 years. they are not our peer or near peer just yet. they are rapidly growing and their objective is by probably the mid-20 30's, for sure by mid century, to be equal to or greater than the united states militarily. they are advancing rapidly in space, cyber,

sec. granholm: absolutely. >> we failed to maintain many of the necessary capabilities as well as plutonium production. we must reestablish those capabilities. secretary granholm, do support the activities, more specifically do support 80 fifths per year? sec. granholm: ideal. -- i do. >> our friend, elon musk is putting up what he believes spac ex, and believes he will be able to supply broadband through the world for a short. of time, why not play off the private sector rather than invest money in broadband if the private sector is doing that now? sec. granholm: thank you for that, i do not know hundred percent whether that broadband effort by elon musk will reach the last mile in rural areas that have been left behind. we do not know. he is a capable person, but i agree that it is important, but also imperative for all communities to be able to access the internet. high speed especially so we can have this is an human beings evolved so they are not left behind. rep. calvert: you might w

at this moment, she thinks the sec at the end of last year.olutely necessary to force more disclosures and pile regulatory requirements on. there is no point in those disclosures unless it means through a simulacrum of market mechanism you punish the company that our traditional energy. >> the sec and mandatory disclosures and things, you go through a pair of acronyms, as richard mentioned, environmental, social and governance, could you explain, clarify how the stakeholder versus shareholder debate which has been going on for 5 decades, who gets to decide these questions, they are making decisions where to invest resources, how to organize the business itself. >> before i get into that i want to add one thing about the message to government officials and bureaucratic officials, there are players on the game that don't care about you, don't care about the sec, and don't care about the government's officials that make technical rules, their intention is to go around the government and impose, what was taking place at this moment from schwab in

she thinks the sec should put an on op-ed in the "new york times" saying it's is necessary for the sec to force disclosures about energy and climate, and pile these regulatory requirements onn.o.w. there's no point in those -- discoast sures unless it means that somehow either how to more regulation or some market mechanism you're going punish the companies that are traditional energy companies. >> above we get down into the institutions of government, like the sec and mandatory disclosures and things, steve you go threw lot of -- there's a pair of a crow him ins, scr did esg. corporate social policy and environmental social and governance questions. cue explain for us -- you clarified what the stakeholder verse shower shareholder debate which has bon going on for five takes. who gets to decide the questions when a companies are making decisions about where to invest resources, where to engage philantrophyicly, how to organize the business itself? . >> yeah. before i get into that i want to add one thing to what richard just said about the message to government officials and bureaucrat

sec.s: the obstacles are many. unfortunately we inherited records that were incomplete. what we are doing is building a foundation for a program. the american public will see families reunited at a quicker pace now that we have overce some of the obstacles. we have a tremendous workforce across the federal government working in partnership with community-based organizations to deliver a unification to these families. these are sons, daughters, sisters, brothers, fathers, mothers. we are privileged to be part of this effort. the pace is going to increase as the obstacles have been overcome. judy: i would like to read you a comment from the aclu. which you know is behind several lawsuits filed to locate deported parents. he said, quote, reunification is not enough. the families, especially the toddlers and babies who were deliberately abused by our government made permanent legal status in the united states thomas social services and compensation for the harm they suffered. he went on, there

i would hope that would not be the attitude of the sec moving . forward. with that, i yield back and i look forward to continuing the conversation. >> thank you.ntleman >> thank you very much. the gentleman from colorado, mr. perlmutter also the chair of th> subcommittee on consumer protection and financial o see institutions, is now recognized for five minutes.fic >> thanks, madam chair. good to see you all. i have two specific questions i want to start with. one involves d-listing what would be penny stocks, if you will, and the second involves diversity inclusion and gets into general questions. so mr. gensler, back in 2005 inn response tog changing market structure and then new technology, sec adopted amendments to the penny stock rule that among other things y c requires a stock to have a minimum bid price of $4 a share to initially be listed on a national exchange and additionallyse the sec has five classified penny stocks as securities trading with a value of less than $5. gamestop's stock traded under $4 back in through 2019 and then hovered betwee

sec. raimondo: thank you. this is about rebuilding for the future. the president's right, the rescue package is working. it is pulling us out of the pandemic, creating 500,000 jobs a month, which is a fantastic pace, but we need to prepare for the future. we need to invest in childcare so that people can go back to work. we still have 2 million women that have dropped out of the workforce. we have to make sure every american has access to broadband. the president is calling for historic investments in broadband. it is not acceptable we have millions of americans without access to broadband. we need to invest in job training, apprenticeships, so people can have the skills they need. we need to invest in manufacturing, so we make critical goods such as semi conductors in america again. so it is not enough to pull ourselves out of the pandemic. it is time to rebuild our infrastructure for the future so americans can compete and our children have a chance. emily: and yet, the counter offered b

sec.aimondo: yes. we have to give them credit. i have been involved in these discussions and negotiations. they are operating in good faith. they came back with a higher number. it is progress. if i said a few months ago that republicans would be coming back to the president with a $1 trillion counteroffer, you might not have believed it. we are still at the table. we are trying. it is not enough. they are not clear how they propose to pay for it. the president said we are crystal clear. we will not tax or burden middle-class americans. our job is to stay at the table and to find some common ground, so we will continue to do that. emily: the president talked about how the administration is combating supply issues, issues with computer chips, and america cannot innovate without chips. you just held a summit with those companies that supply and need chips, google, amazon, carmakers. what is the next step? sec. raimondo: right now, the piece of legislation which would fund it is on the senate

she thinks the sec, the new york times last year saying it is absolutely necessary for the sec to force more disclosures like energy and climate and file these regulatory requirements on. in those enclosures unless it means that somehow either through more regulation or a simulacrum of market mechanism you are going to punish the company that are traditional energy companies. >> before we get into the institutions of government like the sec and mandatory disclosures and things you go through a lot -- there is this pair of acronyms, corporate social responsibility and as richard mentioned environmental, social governance questions. could you explain for us you clarified the stakeholder versus shareholder debate which has been going on for 5 decades. who gets to decide these questions when companies make decisions about where to invest resources, where to engage philanthropic way, how to organize the business itself? >> before i get into that i want to add to what richard said about the message to government officials and bureaucratic officials. there are players in this game that don't c

i don't think the sec cares too much about that.rities that aren't great investors lending their names to this and people start rushing in, and they maybe requiring a lot more disclosure. for example, what does shaq know about investing? you know, -- liz: a lot, hold on. charlie: maybe he knows but they have to disclaim. is he a big time investor? here is something that john coffee said, you know, john is our friend, the columbia law professor. liz: columbia. charlie: one of the smartest guys around. merely the fact that it might take longer to get through a registration with the sec be a factor, and a disincentive and that they could, meaning the sec , could require brutally- direct disclosures, that celebrities have no relevant business experience and cannot read a balance sheet. [laughter] could you imagine if they have to put in there, alex rodriguez a test he could read a balance sheet. i could see where the sec is going on this , you know, listen , people have a lot of money, they have stimulus checks , interest rates are low

sec chairman gary gensler told lawmakers his agency is examining the role of social media platforms onket volatility i'm not concerned about regular investors exercising their free speech rights >> more concerned whether bad actors that actually take advantage of influential. >> platforms gains are says the fcc plans to release a full report on the unprecedented events surrounding gamestop stock this summer in washington. i'm anna wiernicki. still ahead on the kron 4 morning news would get a covid vaccine. >> if you got paid in cash. what a new study revealed about that type of incentive. welcome back to the kron 4 morning news and harvey lets get another check of weather with john shrable who's tracking. we can whether we have a very special holiday this weekend is not right, john. yeah. mother's day on sunday. and it's looking like a warm one for mother's day. so. >> maybe a brunch earlier on in the day. if you're playing and getting outside at least good chance to enjoy some sunshine not just over mother's day but really the entirety of the weekend. and if you like a cooler feel to

sec. yellen: hello everyone. it is a pleasure secretary yellen: thank you, jen. it's a pleasure to join you all. i thought i'd start with a few minutes on the labor market. cr. our most pressing concern was providing a lifeline for americans suffering under the weight of the pandemic. our solution was the american rescue plan, which the president signed back in march. it was designed to provide enough relief for americans to make it to the other side of the pandemic with the foundations of their lives intact. providing nutrition for families, rental assistance, for those at risk of eviction, and a lifeline for businesses on the brink. we knew it would be a long road back to recovery. that is why the legislation provided lasting support rather than just a few months of relief. we knew this would not be a 100 day battle. this jobs report underscores the long haul climb back to recovery so let me be clear, the two of 66,000 jobs added in april -- the 266,000 jobs added in april -- over half a

the market and even on the spac front. >> the sec and the accounting of war rants.ck up he'll speak about that >> stacey, great to see you. we look forward to monday. >> thank you i'm excited. >> it is when we come back, in the romo household we take things to the max oh yeah! honey, you still in bed? yep! bye! that's why we love skechers max cushioning footwear. they've maxed out the cushion for extreme comfort. it's like walking on clouds! big, comfy ones! oh yeah! . >> it's a million dollar asset we'll grow that. >> but in terms of that and starting to actually have manufacturers. they're going to come on line. >> it's an entirely new infrastructure it's education centers across the country. >> around the country we have people to reframe and buy cars this way we've been growing >> macro picture we have a macro picture and the used car market. >> it's a macro picture. and the context of people buying new cars access to new cars. >> it's 40 million transactions. >> trying to deal with it. probably pulled. it creates opportunities for you. >> we've got a consumer b