sec. mayorkas: that is not the figure i have. sen. portman: do you know what figure you have? sec. mayorkas: i believe it is over 74,000. forgive me, ranking member, you are correct, that is the number of arrests. we removed 59,011 people. let me, if i can, first focus on the 59,000 figure. our focus has been on individuals who pose the greatest threat to our public safety in the execution of smart and effective law enforcement. 46% of the ice removals war for people convicted of felonies, compared to 18% during the previous four years and 17% the year before that. our focus in execution of our security mission is the removal of people that pose the greatest threat. sen. portman: i understand that. you are deporting a lot fewer people, so you are focusing on those who have criminal records and therefore your percentage will be higher. you were in the obama administration. you were the deputy secretary. your deportation numbers are 80% lower than they were under the obama biden administrati

sec. psaki: we already cried. ok. with that note, this is going to feel like an abrupt turn, but i will give you an update on a russian oligarch's yacht we seized. it's not meant to be funny, but i wanted to note and make sure everybody saw it. the department of justice announced that the fujian navy seized a vessel owned by a sanctioned russian oligarch. it is worth proximally $300 million or more -- approximately $300 million or more. the authorities executed the request. the president has made clear we will go after russian oligarchs and their ill-gotten gains using every authority we have to hold them accountable. here is the yacht. i wanted to go out with a bang, so we went out with a yacht. that president nominated steve atul bock to lead the atf, and today, he was endorsed by a group of 140 former high-ranking federal prosecutors and doj officials, including more than 30 republican appointees. the last note, the president is going to be traveling to cincinnati where he will meet wit

sec. buttigieg and other members of the cabinet and the administration on specific provisions of this legislation as we hammered out the specifics. the historic package -- it was crafted to reflect bipartisan agreement among members of the committee. it will be crucial in determining if americans will see its benefits. the white house and the department of transportation are responsible of implementing this law as it is written. so far, that has not been the case always. sent -- expressing deep concern. madam chair, i will like to enter into the record, an opinion piece by the head editorial -- how to kill american infrastructure on this line. basically, let me quote. if i might. -- revising rules under the national environmental policy at depot. this -- the change will provide precatory certainty -- regulatory certainty and it may cause more litigation and delays. as they do not kill projects outright. speaking later on in the piece. it has become a weapon to block elements. the trump dem

sec. yellen: thank you forthat. we're very concerned about the refugee crisis. we are monitoring the situation very carefully and recognize the enormous burden that it's going to place on host governments that are already struggling with other stresses because of the pandemic and their proximity to the conflict. so we're working with other agencies and also with international partners to support the host governments and the refugees themselves and there will be a variety of channels, bilateral support, multilateral support. we're working with the international financial institutions and, as an example, the european bank for reconstruction and development recently announced a $2 billion euro package to support ukraine and other afflicted countries. but this will be a high priority for us. ms. velazquez: thank you. i yield back. ms. waters: thank you very much. the gentlewoman from missouri, mrs. wagner, is now recognized for five minutes. mrs.wagner: i thank you, in madam chairwoman. and se

sec. jean-pierre: next up, we have brian, our national economic council director, who just came out of the meeting with the president and the fed chair and secretary janet yellen. he is joining us today. thank you for making the time. >> i get to go home and take -- tell my kids that they open for me. i did not expect that when i woke up this morning. i know you are here to talk about inflation and you are as excited about that as you are for them. i wanted to provide a little bit of context to the academic focus of the day. as you all know, the president just concluded a meeting with chair powell and sec. janet yellen and myself. it was a very constructive meeting focused on the outlook for the u.s. and the global economy. i want to reinforce that the president underscored to chair powell in the meeting what he has underscored consistently, including today, that he respects the independence of the federal reserve and will provide the federal reserve the space and the independence that it

sec. cardona: thank you, chairman scott and ranking member fox, members of this distinguished committee. good afternoon and thank you. i will attempt to answer questions on the budget, to tell you this proposal will be the best tool to address inequity. the best tool to provide pathways to college and to help our country recover from the pandemic. i would be failing u.s. secretary of education if i did not tell you how ashamed i am we are becoming desensitized to the murder of children. i would be failing you as a secretary of education if i did not use this platform to say students and teachers and school leaders are scared. after columbine, after sandy hook, after parkland, after each of these and many other massacres we as educators did our best to look parents in the eye and assure them we will do everything to protect their babies. after each of these massacres we help staff training, active shooter drills, improved online early detection screening tools, and parameters. that is no ma

sec., thank you for taking on the myriad security challenges now facing the nation. moderating the conversation today is vivian, who serves as a national security reporter at "the wall street journal," having covered foreign-policy and national security for two decades and has reported from 70 nations. before i hand it over to secretary wormuth for keynote remarks, i would like to remind everyone that this is a public event and on the record. we encourage our audience on zoom to direct questions to the secretary using the q&a tab that you can find at the bottom of your screen. be sure to identify yourself, please, and your affiliation as you ask your question. we will be collecting them throughout the event and then vivian will pose some questions to our guest at the end. we also encourage our online audience to join the conversation on twitter by following us there and using the hash tag forward defense. thank you all for joining us for what i'm sure will be a stimulating, captivating con

sec. yellen: eliminating the right for women to make the decision of whether or not to have children would have damaging effects on the economy and would set women back decades. roe v. wade and access to reproductive health care, including abortion, helped lead to increased labor force participation and enabled many women to finish school. that increased their earning potential. it allowed women to plan and balance their families and careers. and research also shows that it has a favorable impact on the well-being and earnings of children. there are many research studies that have been done over the years looking at the economic impacts of access, or lack thereof, to abortion. it makes clear that denying women access to abortion increases their odds of living in poverty or need for public assistance. sen. menendez: eliminating a right that has existed for half a century would be a disaster. let me turn to something else. the federal reserve chair, chairman powell, has acknowledged part of

sec. cardona: thank you, chairman scott and ranking member fox, members of this distinguished committee. good afternoon and thank you. i will attempt to answer questions on the budget, to tell you this proposal will be the best tool to address inequity. the best tool to provide pathways to college and to help our country recover from the pandemic. i would be failing u.s. secretary of education if i did not tell you how ashamed i am we are becoming desensitized to the murder of children. i would be failing you as a secretary of education if i did not use this platform to say students and teachers and school leaders are scared. after columbine, after sandy hook, after parkland, after each of these and many other massacres we as educators did our best to look parents in the eye and assure them we will do everything to protect their babies. after each of these massacres we help staff training, active shooter drills, improved online early detection screening tools, and parameters. that is no ma

sec. austin: good afternoon, everybody. we had a highly constructive morning at the second meeting of the ukraine defense contact group. i am delighted we were joined virtually by more than 40 ministers and chiefs of defense. i am glad the contact group once again got to speak with ukraine's ministry of defense, my good friend. we are also joined by the deputy commander in chief of ukraine's armed forces and by ukraine's defense intelligence representative. i am also proud and pleased to see several new countries attended today's meeting of the group, including austria, bosnia-herzegovina, columbia, ireland, and kosovo. we are delighted to have them aboard and we hope to continue expanding this important gathering of allies and partners. russia's unprovoked and cruel invasion has galvanized countries from around the world. bravery, skill, and the grit of the ukrainian people have inspired people everywhere. we have made important progress since the contact group was established after the r

the xrp people, ripple people being sued by the sec said that speech was dogma at the sec, it was secr suit against xrp and ripple is biased and they had favortism towards other cryptos namely ethererum. that speech is key to this case for ripple proving its case. why is ripple slightly ahead in doing that right now? because the documents are coming out that bill hinman did not make that speech at least it's suggesting, i can't say what's in his mind, but bill hinman is arguing the sec is arguing that those were his opinions, that he just said his opinion. it wasn't sec policy. new documents are out that suggest maybe it's not just his opinion. it was sec policy, because he circulated the speech to something like 68 people inside of the sec. liz: indicating that ripple is a currency? charlie: yes, indicating that ripple is likely a currency. the other ones aren't, thus in the ripple's mind, that shows bias against ripple by the sec since its characteristics are similar to bitcoin and ethererum this is it's a little complicated but if you care about xrp in this case and it's probably g

sec., i wish this was going to be a hearing of the examples of working together. unfortunately, that is in the case. the biden administration has promised to enact an extensive massive student loan forgiveness by executive fiat but anyone that looks at the department of education the last year can see the blanket student loan forgiveness is already well underway.r in the letters sent to you last october i criticized the department for turning this program into, quote, open-ended loan forgiveness for millions of borrowers. to smuggle in the mass student loan forgiveness the department also waived the requirements for the income driven repayment programs canceling debt for ineligible borrowers and the targeted forgiveness. according to the department that means potentially these programs were intended to help. the administration is right on one thing. these programs are broken. it's hard to justify to taxpayers that they should poor more money. it forgives $100,000 per borrower. a third of w

sec.ellen, i agree with that. sen. yellen: to renewables. sen. tillis: secretary yellen, if i can get you to yield for a minute, you could also say the risk is going too soon. that is why we have european nations struggling to figure out , because they went so far, that they actually stopped drilling. i will give you a classic example in germany. they have energy resources. they shut them down and replaced their fossil fuels with fossil fuels coming from russia. if we don't get the transition right -- i have supported renewables for years. that is what we have a prosperous solar economy in north carolina. but if we don't get it right and we are not extracting national gas, we are expediting a transition and putting ourselves at risk in the process. but i want to move on to something that is in your lane. at in collaboration with senator tester we were able to get the libor legislation passed. how is the implementation going? sen. yellen: i think that is helpful and i appreciate congress do

sec. gen. stoltenberg: yes. not just indirectly, but directly. i think we have learned a lesson. you and i have been to in politics, arguing strongly in favor of free trade agreements with the european union, globalization of the economy, and more global trade and more global economy free-trade has brought a lot of prosperity and wealth to all of us. but the problem is that it has a price. because some of this trade, some of this economic interaction with authoritarian regimes is undermining our security. then we have to choose security instead of vulnerability and overreliance on authoritarian regimes. so this idea that we should have free-trade in natural gas, leaning we can buy as much gas from russia as we want, that is wrong. it is dangerous. it provides russia with the tools to intimidate and use against us. that is clearly demonstrated now. i regret to say it, because i remember in the 1990's in norway we thought we could expand the european gas market with supplies from norway, north af

sec. austin: good morning chairman tester, and distinguished members of the committee. thank you for the chance to testify today in support of the president's budget request for fiscal year 2023. mr. chairman, we are focused on three key priorities at the department of defense, defending our nation, taking care of our people and succeeding through teamwork. in our budget request, we meet our priorities. $56 billion for airpower platforms and systems. more than $40 million to maintain our dominance at sea, including nine more battle forces ships. $14 million to support and modernize our combat forces on land. our budget also funds the modernization of all three legs of the nuclear triad to ensure we maintain a safe, secure and effective strategic deterrent. none of these capabilities matter much without our people and their families. we are seeking your support for 4.6% pay raise for military and civilian personnel and other special pay and benefits. we plan to invest in affordable childcar

and then to be responsible for federal views before the sec and sec actions can affect the user spectrumcome public attention howard the standardize framework and then to represent federal views? >> and then to prove with the federal spectrum. >> and why is it important that it has that spectrum manager of all federal r agencies. and then their own spectrum use?s >> is a very important issue. they must retain their role as the manager across all federal agencies. and then that manages the spectrum too federal agencies for the commercial user with the inherent conflict of interest. rather because the sec is a federal user. but then to manage that spectrum is not alongns that vision. and then to ensure federal agencies that duty of working with the sec with the new enhance us economy. the ncaa must remain the regulators and then to make the difficult decisions. >> i told you i will fast talker but i yield back. >> the chair recognizes for five minutes to ask questions. >> so continuing on with the representatives questions. and with that manager the spectrum the way we can make that manage

sec is doing is beyond mandate i think cost would be staggering sec is traditional not good estimateoncerned i believe need for much more sterile bound approach looks like financial materiality in governing benchmark determining when disclosure must be made harvey thanks very much for joining me this morning i so appreciate your time. >> my pleasure. >> we will see you soon harvey pitt former chairman securities and exchange commission breaking news while talking building permits howing starts crossing the wire to cheryl. cheryl: coming in weaker-than-expected one point724 million expectation for 1.765 million, so that that is also a huge decline from march permit 1.89 million loss of 3. % month over month off estimate 1.812 million nation mortgage rates. back to you. maria: cheryl talk about this for a second, because you are telling us that the mortgage applications are down, they were down last week as well housing starts actually seeing impact here, because it is demand destruction, right you think you can walk away 5% mortgage rates. >> first time buyers you were discussing that

sec. becerra: probably i would say recognizing that it did take rocket science in a figurative way to get us the vaccine and help us really tackle covid. but at the same time, it did not require rocket science for everything to make sure we reached all americans. we needed the bright minds to help us find that vaccine. we pumped in major resources and changed authorities and regulations to get the vaccine out as quickly as possible. at the same time, trying to get it to all americans was tougher than we thought, but did not require rocket science. two quick examples. first, when i came into the position, i was being given updates every day. what we found was that a year or so ago around this time, about two thirds of white americans had received at least one dose of the vaccine. barely over 50% of black americans and latinos in the country had received one shot. it doesn't make sense because covid did not care what the color of your skin was. it was going to kill you one way or the other a

[laughter] she was the sec chief under obama.g for the door. liz: is unflynn earning bad, charlie? don't you need a tough -- >> it's a great question, when does tough the/demanding become abusive and we just don't like working for you? and, you know, it's pretty clear that the we're controls the line now. -- crossing the line now. it's also clear that gary with gensler probably doesn't want this to be his final job, so he's pushing a very expansive and politicize ised agenda. he wanted to be the treasury secretary, and he's actually said that to people. put all that together, these people feel like they are being whipped to get his resumÉ in shape to take over for janet yellen, you know, if and when that day comes. and -- because the sec is, i mean, there's no doubt that its agenda is well beyond it's the usualing mandate. this is an agency that was generally about catching wall street crooks and protecting small investors. now we're talking about mandating esg requirements for companies and a lot more. so, i mean, this is pretty

we should point out that the sec, fox business was first to report this.l -- actually, the journal and bloomberg,9 that the sec has sent him notices about his bid for twitter and how he timed and disclosed it, you know, on your show in april we were talking about this. so why it's such a big deal now. investors are all largely blowing in this off, and they think even if he got nailed on, you know, the failing to disclose properly, it's like a fine, couple million dollars which he can obviously afford being the world's richest man. also we should point out that the sec's been looking at elon musk predating all this. i mean, they've been looking at accounting, production numbers, things of that nature -- liz: harassing, do you mean? >> who's harassing? liz: well, i mean, the sec's really breathed heavily down he is la's back, and some people say it's the been somewhat unfair. >> john wheaton, the lawyer, the expert on xrp and ripple, he said this was bill gates, breathing down his neck. the one thing i will say -- i mostly always agree with john, but one thi

gary gensler the chairman of the sec will go. case right now? >> the case has gone quite well a lot of it has been skirmishes around discovery but it's clear that the judge understands this is an important case and it's going to be precedent. it now, we're getting close to summary judgment filings, everything will be before the judge now by the end of november. what that means in terms of how long the judge will take to review the case -- charlie: it could be this year. >> that's an optimistic view but not impossible. charlie: what do you think of mr. gensler's approach here, he's a friend i'm assuming right >> no actually i've never met him. he's certainly, i guess the simplest way i'd characterize it is i think when your a hammer everything looks like a nail. when you're gary gensler at the sec, everything looks like a security which doesn't really make sense, and look, he said a lot of things that i just think are talking points that don't really make sense. he says justice delayed is justice denied. yet they brought this laws

sec. chapman: thank you chairwoman, ranking member, and other esteemed members of the senate rules committee for allowing me to offer remarks regarding the state of election and the commonwealth of pennsylvania. i am lee chapman, acting secretary of state for pennsylvania and i was appointed to this role by governor tom wolf on january 8 of this year. as pennsylvania's chief election officer, my role is to ensure that elections are secure and accessible and that every eligible voter in pennsylvania can register, cast their ballot and have it counted. i was asked today to speak to you regarding the current elections landscape in my state. first, i will provide a brief update on tuesdays primary election. after that, i will share three concerns that are front of mind, at the department of state in pennsylvania. and those three concerns are one of the time for pre-canvassing mail ballots, misinformation and disinformation surrounding elections and three the need for a robust confronting of el

the sec is cracking down on firms that do not comply. india's central bank implemented a 40-basis-point rate hikes to tame inflation. the central bank also raised the cash reserve ratio by 15 basis points. one governor said that inflation pressures are becoming more acute, particularly around food. the u.s. secretary of state has postponed a key policy speech on china after testing positive for covid. blinken is experiencing mild symptoms according to the state department and will work from home. the state department also says blinken has not been in close contact with president biden for several days. bloomberg sources say india may reduce exports after a severe heat wave damage crops. we are told top officials are discussing the move and will recommend it to the prime minister who will make the final decision. global news 24 hours a day on air and on bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. haslinda: thanks for that. still ahead, the european union looks to ban all imports of ru

>> i just think everybody is owed equal information at the same time, and i also think that the sec used to say if you guys are outside of 5%, you've got to issue a release. >> right. >> that way people can say, okay, i see it, got a preliminary look, maybe there's hope for the month of may, but preliminary looks good >> what happened to the idea that the big guys had an edge on supply chain >> thank you okay one of the reasons again that i felt more critical than i usually -- these were the companies given the edge they were considered to be essential. they managed to be able to crush a lot of people because they were essential and this is what they had to show for it. now, i was talking with someone in one of these companies saying, look, why. couldn't you put the squeeze on these companies? why don't you have better supply chain? the answer they got -- they gave me was put the squeeze on who? there is no one to put the squeeze on you can't just go to a trucking company and say, listen, we're big, here's where we're going to pay, because they'll say we're going to somebody else >> it m

well, his own sec union can't stand him.aughter] i'm not even going to say anything else about that one it's good stuff, charlie gasparino, charlie thank you very much, appreciate it. let's get back to these markets right now, closing bell is now six minutes away. the dow, the s&p 500 having their worst day right now since june 11 of 2020, at least with a few minutes left until the close the dow has not really recovered from session lows. at one point we were down at least for the dow we were down 1,260 we're now down 1,220 and it's escalating. we're still on pace at this point for the seventh largest point drop in history for the dow. the nasdaq is down more than 4.5 % right now those are those big name mega cap stocks those growth names that are selling off. i want to bring in hennessey funds and portfolio manager neil hennessey and cio peter maluk and i don't know, ray, take it away. what do you say here? neil, i'm sorry. i'm sorry. hi, neil. >> i get called a lot of things >> i've known you for 15 years i'm so sorry. oka

sec.rdoin: chairwoman, ranking member, and distinguish members of this committee. good morning and thank you for having me. i serve as louisiana's 44 secretary of state. i am especially pleased to be speaking before you today, because it lousiana has a unique experience in election preparation. in 2020, we were faced with the running of a presidential election in the aftermath of a tropical storms, and hurricanes, the last of which, made landfall in louisiana a mere six days right or to the election. in 2021 we were faced with another major storm in hurricane ida, which devastated parts of our states works weeks prior to our elections -- six weeks prior to our elections. thankfully we were able to execute our elections thanks to the hard work of the election staff and in cooperation with other state agencies. this year's federal election presents a new challenge, the supply chain a backlog that has and will continue to affect paper supply across the country. let me be clear, this crisis, -

that is a model that the sec can use. the national urban league with conjunction with our amazing affiliates, we were able to train 76 thousand trusted messengers. we were able to open to open non--- vaccination sites, and do about a thousand events and reach 32 million people our efforts. if we are able to copy those efforts for the affordable connectivity program that would be amazing. in order to do those things we have to have ending to do so. >> got. -- got it. it is set to expire in september of this year, the auctions have been used to fund key initiatives like the first responder network authority. by the extending the sec network spectrum -- fcc network spectrum auction authority, would you opine a bit on other essential programs that could be funded through auction proceeds? >> thank you congresswoman. i did not advocate for any particular program. that all sounds terrific. none in order of priority. gentlemen -- the chairwoman has assisted in utilizing spectrum auction proceeds to fund next-generation 911. i th

he's tweeting price and the sec filings being accurate.he said this deal was done on condition the details within the sec filing were accurate. he's concerned about the number of bots and questioned what proportions are actually bots. he wants to see less than 5%. the thing is twitter must prove that deal to proceed. this is the line from musk. he says "my offer was based on the sec filings being accurate and the deal cannot move forward unless twitter proves less than 5% spam." it seems this deal will be held up until he gets more clarity from these executives at twitter. francine mentioned this was one area where we are glued in terms our attention. the twitter and tweets from elon musk. francine: i wonder if spam is unwanted publicity or unwelcome to robots. tom: there's a lot of questions he wants answered. switching focus, the planned secession of finland and sweden to nato as --president erdogan says he will not allow the nordic nations to join the alliance. ukraine is calling on european leaders to approve its candidacy status at th

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