sec. mayorkas: to the best of my knowledge, it's over. quite frankly, i have said a number of times that i did not allow me -- allow it to distract me. that was actually sincere. i focused intensely on my work throughout. in a week where it was an issue of greater prominence in the life of the department, i might have spent 20 minutes on it. i really just focused on my work. it had its impact on love ones. david: so it is behind us now. as rogers once said, the country is never safe as long as they house is in session, right? so you never know, but it may never come back, right? sec. mayorkas: one would hope not. david: let us talk about the border. it appears there are a lot of people coming in over the border. this is obviously one of the subjects that some people want to impeach you over. is it that we are getting more people coming in over the border illegally or just the appearance of that? sec. mayorkas: oh, no, the number of encounters at the southern border is very high, but it's v

sec. mayorkas: the jewel thief i am, i just stole a few for our from the law firm to join us and he would be a senior counselor on matters of technology. david: let me talk about the elephant in the room because you were the second secretary in the history of our country to be impeached. what was it like living through that impeachment process and is it finally over now? sec. mayorkas: to the best of my knowledge, it is over. [laughter] quite frankly, i have said publicly a number of times that i did not allow it to distract me. that was actually sincere. i focused intensely on my work throughout. on -- in a week where it was an issue of greater prominence in the life of the department. i might have spent 20 minutes on it. i focused on my work. it had its impact on loved ones. david: it is behind us now. as will rogers once said in paraphrasing him, the country is never safe as long as the house is in session so you never know. [laughter] it may never come back, right? sec. mayorkas: one w

sec. su: chairwoman fox. ranking member starts and members of the committee. thank you for the opportunity to testify today on president biden's fiscal year 2025 budget request for the department of labor. as the acting secretary of labor, i get to travel the country to meet with workers like maria. a single mom who was living paycheck-to-paycheck, worried about how she was going to get by. she went to her local social services office to apply for medicaid and s.n.a.p. benefits and that's is where she saw a flyer or a job-training program in the pipe trades. today maria is in a good union job and she has quadrupled her income. what struck me about mariah was not just how much a good income meant to her, it was the pride she found him putting in hard days work in a hard days work and getting rewarded for it, and the pride she saw in her children's eyes. it is undeniable. good jobs change lives. our $13.9 billion budget request will help more people like mariah get good jobs that can support

sec. becerra: thank you for the invitation. when president biden took office in january of 2021, covid was ravaging our families and our economy and americans were dying at a rate of 2-3 9/11s everyday. in january of 2021, the number of americans with health insurance was, like our jobs and the economy, down and on the canvas. prescription drug prices were skyrocketing with patients and their pocketbooks at the mercy of big pharma. today, three years later, nearly 700 million shots of covid vaccines have gone into the arms of americans and we can now manage covid like the flu. today, more than 300 million americans, a record number, can go to the doctor or hospital and not go bankrupt because they have their own health insurance. more than 21 million of those americans can count on the affordable care marketplace for their insurance. another record. today, while big pharma is still big, the president's new prescription drug law has brought down the price of insulin to $35 a month for ameri

sec. jean-pierre: ok. all right. >> [indiscernible] advocacy the letter from the white house talked about the reasons. the white house is concerned it could be politically damaging. sec. jean-pierre: the transcripts, as you all know, are already back there. the second piece is the attorney general made it clear that law enforcement files like these need to be protected, and so the president made his determination at the west of the attorney general, so want to make that second point that i made really clear. the department of justice and white house counsel's office and provided extensive written letters. like you have seen, so when it comes to anything further or any specifics, i would refer you to my colleagues at the white house counsel office, but just to make that second point to get a very clear, this was taken by determination at the request of the attorney general and wanted to make sure the attorney general wanted to make sure law enforcement files like this be protected. reporter

sec. cardona: thank you. thank you, chair baldwin, ranking member capito, and vice chair collins. and distinguished members of the committee. thank you for the opportunity to testify today on president biden's fiscal year 2025 budget request for the united states department of education to thank you for your leadership and can you partnership it and proud of how i work together in a bipartisan fashion to raise the bar for american education. defending public education instead of defunding it, and recognizing that investing in education is investing in a better future for all of us. it is not only a priority at the education but what we are hearing from directly from parents and others all over this country, in red and blue states alike him about where we have common ground when it comes to our hopes for our children. this budget is about making responsible choices to to invest in the foundation of american opportunity and raise the bar for our nations future. about the sustaining recovery

it hurts the sec.y approve these as commodity-based trust shares which says the sec is accepting ethereum as an asset, as in itself, as a commodity likely to give ammunition to coinbase in its fight over whether some of these tokens are securities or not. sonali: something that is relevant to ethereum that doesn't matter so much for bitcoin is the issue of staking. we know that there is a stake in the business as it pertains to coinbase staking to something the sec has been concerned about and pivotal to the future of ether. how might that play out through this? james: usually there are a bunch of things that these issuers and exchanges have to go through at the sec and the sec says yes or no. you can or cannot do that. one thing we never thought would happen, these etf's got approved on a 180 degree political shift, we never expected them to allow staking. the sec has been vocal against any form of staking. they don't like staking in underlying assets. one of my theories is i never really thought the

sec. mcdonough: thank you very much. congratulations on the new assignment, senator boozman, thank you. i am willing to put my prepared remarks into the record and get straight to your questions if you are all amenable to that. we can go straight to questions. sen. baldwin: thank you. i really appreciate that. we will start with a round of five-minute questions from the panel. stay within the five minutes. i will start with the first round of questions. your models project that utilization of v.a. health care relies but the discretionary funding for v.a. health care is below the levels from fy '23 even including mandatory health core funding is $4 billion below fy '24. one are the current spend rates in fy 2'4? do you expect to be on target for fy '25? sec. mcdonough: we anticipate spending about $140 billion on health care out of that account in fy '24. all in fy '25 the budget is $150 billion when you count are various funding streams, collection, carryover currently about $12.7 billion.

sec.xtraordinary how tribes are asked to do with how little in terms of the available to them. we have soughto ma sitable and d access to our competitive grant programs. included pleased to note many successfulpp applicants, most ry a protect grant in south dakota that was among the largest in that round. lso recognized that often the same resources that many well-off cities or states or mih is why we have dedicated tribal ture at the d.o.t. fda's tribal transit program $46 million in competitive funding interesting -- we are requesting them to increased of 80% -- we got 80% over the previouauthorization. we alsaffairs helping facilitatr relatiipcandidly there is a lono go to make sure indian country and tribal applicants are getting th we will continue working with the anisms we have at the d.o.t. as well as engaging other players■2o ke working together. chair schatz: it is hard to apply and i that's something maybe the department if you are the kind of tribe thatmembers but lots of land

sec. buttigieg: there we go. chair schatz, ranking member highsmith, vice chair collins, and members of the subcommittee, thank you for the opportunity to discuss president biden's fiscal year 2025 budget request for the department of transportation. thank you for your partnership as we have delivered safer, stronger transportation across the country. roadway fatalities trending downwards, shipping costs down, supply change running more smoothly, and airplane cancellations last year were the lowest in a decade. although we have more to do, we are rebuilding not just from the pandemic but from decades of disinvestment and an environment that privileged corporations instead of protecting people. the budget request of 140 $6.2 billion builds on the progress we have made and enables us to deliver on the challenges and opportunities that remain. our primary mission across every mode of transportation, safety. our roads, we have funded projects in every state to promote safety. we have had seven

sec. stewart: thank you all. really happy to be here today. the united states is extremely concerned that russia may be considering the incorporation of nuclear weapons into its counterspace programs based on information we deem credible. the united states has been aware of russia's pursuit of this capability dating back years, but only recently have we been able to make a more precise assessment of their progress. russia has publicly claimed that there satellite is for scientific purposes. however, the orbit is in the region not used by any other spacecraft that in itself was somewhat unusual, and the orbit is a region of higher radiation than normal lower-earth orbits. but not high enough of a radiation environment to allow accelerated testing of electronics, as russia has described the purpose to be. i also want to take a moment to consolidate here what we have said previously, just to remind you. what we want to clarify is that this is not an active capability that has already been dep

sec.t could happen early as today. let's take a look at how markets are faring. we have equities mixed on the day. the s&p 500 at or near record highs. the nasdaq 100 at a record high thanks to and videos latest results. yields moving higher across the curve whether it is the two year or 10 year. data coming in today that showed manufacturing and services expanding faster than economists had anticipated. you couple that with days of fed official signaling higher for longer interest rates and add that all up and it is pushing yields up. let's take a look at a couple stocks. tesla shares moving up as well. i should say moving down. 1.4% should right now it is down and we know elon musk is speaking at aviva tech. if you type alive ago, you can access the conversation. crude oil down a 31% should gold futures using 2% on the day. this is bloomberg. ♪ so, what are you thinking? i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with ele

sec. of commerce. i do not think it is an exaggeration to say the department of commerce right now is more central to our national interested than ever. it is responsible for a broader than ever set of priorities. your department is at the forefront of critical efforts, driving american competitiveness, american national security, american technological leadership. you are responsible for an awful lot, overseeing billions of dollars to help expand access to broadband, maintaining export controls to protect our national security, identifying weaknesses in our supply chains, providing accurate and reliable weather forecasting, bringing good jobs to distress communities. the chairman just mentioned the re-compete program, and i am interested in that. conducting an accurate census, advancing the trade interests of american businesses, and leading the way on safety and development for critical and emerging technologies like artificial intelligence, and that is just a sample of your highest prof

sec.ecerra: i did not connect the dots until i was probably already in elected office in the state assembly in california back at the beginning of 1990's. and i began to see the connections. my father was a farmworker. after that he went on to do other jobs, always manual labor and always outdoors and california can get very hot. he used to do a lot of paving of roads in the heyday of freeway construction, the 5 and 80. if you ever stood underneath asphalt when it is baking, first being laid on a day that is already 110 degrees it can get very hot. and that is what he did a lot. he also did a lot of pipe digging and i am talking not the little pipes about the three-foot ones. and outdoors outdoors, outdoors. i got to work as a construction worker like him as a laborer to help pay for college and one day we were working on a bridge. and i just happen to see a whole bunch of men gathering and i asked one of my colleagues what is going on? and he said and i forget the gentleman's name and he

sec.tin: thanks. regarding the death of iran's president in the unfortunate helicopter crash, we continue to monitor the situation, bute don't have any insights into ths point. certainly i know the iranians are or will investigate, and so we'll see what the outcos investigation is complete. in terms of our force posture, don't have any announcements to make, and again, this is something that we'll continue to watch, and up don't necessarily see any -- i don't necessarily see a point in time.poer: there's no indican there was anything other than an accident that brought this helicopter down? sec. austin: i can't speculate on what may have been the cause of the accident, but again, i think the iranians have investigated. gen. brown: let me first of all pass my sincere condolences to his f fellows. i know they're going through difficult times right now, an i also tell you that for every service member we lose, it always tears know it impacts the family. one thing we highlight, this is under i

sonali: this is under the hide and administration sec.re some of these firm saying well if there was a change, in the administration, some of the problems might go away. ben: there's a lot of that in washington but one we get to crypto in the sec, you know, during the trump administration, the sec had a pretty similar view of the crypto industry. at that time it was initial coin offerings coming out. the sec said that they were unregistered securities and they took a number of enforcement actions. those can take years, to. some of these investigations started years ago. i don't know that just because there is a new president, if that were to transpire that we would see a dramatic shift. however, there are some notable differences. gary gensler's s.e.c. was emphatic about how they viewed ether, the second-biggest cryptocurrency. we will see what happens. it is just one of the things that we will see play out over the next few months for sure. sonali: thank you for keeping an eye on all things financial regulation. coming -- next, pnc and t

sec. austin: thanks, matt.f the question is, is it possible to conduct effective operations and protect civilians? absolutely, it is possible. we truly believe that. that is what we endeavor to do in any operation that we conduct. israeli military is a professional military. again, they have the ability to do both of those. there have been far too many civilian casualties thus far. we would like to see that trend change. so, that is really our focus. and in terms of how long that takes and when that happens, that will be determined i the israelis. but again, we want to see civilians that are in the battle space moved out of harm's way as they conduct those operations. >> i'm with the local media here and i am writing a story on recruitment. i want to know a few challenges when it comes the recruitment and how they are being addressed. sec. austin: yeah, i would tell you that recruiting has always been challenging. how do i know that? because i used to be a recruiter many years ago as a young captain. it was a t

sec. blinken: one of the challenges we have is that the leaders of hamas we're indirectly engaged with through the qataris and egyptians are living outside of gaza, living in qatar, turkey, other places. and the ultimate decision makers are the folks who are actually in gaza itself. with whom none of us have direct contact. so trying to understand what they are thinking is a challenge. we have some sense of it but it is far from perfect. there are different theories about what is actually motivating their decisions at this time. it's something we're trying to get at. i can't give a definitive answer. we will see depending on what they actually do in this moment, whether in fact the palestinian people will purport to represent. if that is true, then taking a ceasefire should be a no-brainer, as you said, but maybe something else is going on and we will have a better picture in the coming days. sen. romney: tell us about bibi netanyahu and what his position of power is, how he is seen among

sec. johnson: well, i got my first trial, i got a conviction. the second one where i defended the client, he's probably still in jail. [laughter] judge luttig: no, we reversed it on appeal. [laughter] ineffective assistance. [laughter] melody: secretary johnson, one of us is a republican and the other is a democrat, one is from texas, the other is from new york. the things you don't have in common. i point that out because at a point when the nation is so fractured. we often are talking about polarization, the ways that we differ ourselves, other people that are not like us or we don't know. and in the midst of all of that, and maybe not surprisingly, we are having these challenges to democracy and the conversation about democracy has itself become polarized. something that i find stunning, that when we use democracy -- we were at dinner last night and someone who was working on this set of issues said what kind of democracy do you mean? i set that up to ask the question, this is a biparti

sec.len: the president believes it is critically important for the united states to have a role and presence in strategic industries like semiconductors, clean energy, that are going to be the foundation of good jobs and national security in the decades ahead. he believes it, unacceptable as i do, to be completely dependent on china is in these areas -- china in these areas. given that china is not really playing by the rules, and the sense that they have enormous subsidies and critical areas, manufacturing, has resulted in overcapacity. he wants to make sure that the stimulus that is being provided through the inflation reduction act, to support these industries -- and these are industries that are creating good manufacturing jobs in parts of the country that have been overlooked or have suffered from de- industrialization in the past. the president wants to make sure he protects these investments. i don't want to get ahead of the 301 review on tariffs but this is a commitment that presid

sec. aguilar: we have a large latino population in nevada. they are going to determine the outcome of some of our most critical elections but it goes back to even a.i. and translation of information, again, at the a.i. democracy project, we went through some of the translation projects and the information, the way information was translated into spanish, the tone was very festive and very party-like and i think when you're talking about the seriousness of elections, that's not going to translate very well to that voter so that's a big concern. and we also did it into hindy and the way hindi was translated and translated was so strict and so critical that i think a voter would hear that and would be afraid to actually vote because it was so strict and so direct. so the tone of translation is very, very critical. but the majority of participate don't speak second languages -- people don't speak second languages so they're not able to understand the impact translation is able to have. vivian:

and and still gary gensler of the sec does not like it.mmends that the house not move forward with this. in fact, he has said there's just so much fraud and abuse when -- and bankruptcies. well, welcome to the financial world. there's a lot of that everywhere, is there not? >> there is, and the best response to that is to create a clear regulatory the framework at the federal level to oversee it, and that's what the house has taken an important step to advance. senator booker made a really important statement when he voted in favor of overturning the sab 121, you know, staff accounting bulletin from the sec. he said, you know, i'm trying to send a signal because i think it's important for us to vote on crypto issues. so there's been a lot of speculation about whether the9 politics -- where the politics of crypto are, and now with the market structure bill, the overwhelming democratic support along with republican senator is really gratifying. liz: well, maybe people should have listened a year or two ago to senators lieu police and gillibr

the sec looking at particularly its crypto sales.ero and 7% despite the announcing the sec might well be looking into its business. warren buffett pulling back on the state of apple. really loving the iphone product but we look ahead to new products new ipads with mark gurman in a moment. i want to shine a light on some of the chip makers -- chipmakers. nvidia still yet to report on may 22. we also get arm this week. earnings season well underway. technology, communication services company beating profit estimates. 90 percent of tech and communication services customer companies. we want to get all the statistics. it feels as though when companies have beat, have they really outperformed? apple was a massive sigh of relief when we saw the stock rally. >> you can see gina's team in that function and you can see the equities there. when you look at how stocks in aggregate have been performing in excess of the broader index, it is basically -- it basically pales in comparison to prior quarters but because of apple on friday when you see

the sec did so again and again and again.hile activists on the political fringe lobbied for years to persuade the fcc to change course and regulate the internet as a public utility under title 2, the fcc never wavered. not once. classifying the internet as a title 2 service remains 1/3 rail of communications policy. both unlawful and misguided. all of that change in a flash. years of bipartisan consensus vanished over the course of just 117 seconds. november 10, 2014, president obama published a youtube video calling on the fcc to label broadband a title 2 telecom service for the first time and to oppose sweeping new government control on the internet in the name of net neutrality. president obama's one minute and 57 second video was the culmination of an unprecedented and coordinated campaign by the executive branch to pressure independent agency into grabbing power that the legislative branch never said that it delegated. the very same morning, president obama released his video calling for title 2, activists showed up at t

they'll also vote on the house-passed resolution to repeal a sec rule on banks holding cryptocurrency access for customers. you're watching live coverage on c-span2. ... the presiding officer: the senate will come to order. the chaplain, dr. barry black, will lead the senate in prayer. the chaplain: let us pray. eternal god, who shall abide in your tabernacle? who shall dwell in your holy hills? you've given us the answers. those who walk upright and work righteousness, who speak the truth in their hearts will abide in your presence. today, prepare the men and woman of this body to dwell with you. lord, give them the integrity to be true to their duties, always striving to please you. fix their hearts on you, o god, that everything they think, say, and do will be under your lordship. send your light and truth into this chamber as you guide our senators in these challenging times. we pray in your wonderful name. amen. the presiding officer: please join me in reciting the pledge of allegiance to our flag. i pledge allegiance to the flag of the united states of america, and to the republ