looking forward to stephen mnuchin joining us on fox. good happy tuesday. i maria bartiromo.resident johnson administration did the commander in chief will travel to wisconsin as he pushes to get americans back to work at the president will expand apprenticeship programs to help close the so-called skills gap. labor secretary alex acosta discussed plans at the white house yesterday. >> currently 6 million jobs open in the united states. this is the highest number of job vacancies ever. american companies want to hire the mismatch for jobs had prospective employee job skills. president trump is made clear to expand job opportunities here in

. >> treasury secretary stephen mnuchin says the u.s.overnment would only introduce ultralong bonds if there is a market for regular issuances. a group is assessing investor demand for debt, at 50 and 100 years. committee including jpmorgan, bank of america, and goldman sachs will also give feedback. >> it is something we are seriously considering. i do think it is a tool that the government should strongly consider. are reaching out through the borrowing committee and investors to see what the demand is. we do not want to greater program that is a completely one-off program. we want to see if it is an important part of our borrowing capabilities. >> a survey by the pboc found investorsnkers and more optimistic about the economic outlook is in the last quarter. it rose for both banking and business sectors, while more households are betting on better prize -- prices. forward is to save $1 billion by shipping production to china from mexico. manufacturing is expected to begin in the second half of a year after they closed the plant in mic

looking forward to stephen mnuchin joining us on fox. good happy tuesday. i maria bartiromo. it is tuesday, june 13th. busy day for president johnson administration did the commander in chief will travel to wisconsin as he pushes to get americans back to work at the president will expand apprenticeship programs to help close the so-called skills gap. labor secretary alex acosta discussed plans at the white house yesterday. >> currently 6 million jobs open in the united states. this is the highest number of job vacancies ever. american companies want to hire the mismatch for jobs had prospective employee job skills. president trump is made clear to expand job opportunities here in america. dagen: the treasury department announces new plans of its own recommended going back restrictions implemented by the obama frustration following the financial crisis deregulation this morning. the fox interview coming up 7:00 a.m. eastern. join us for this special interview. jeff sessions taking the hill today set to testify publicly because the senate intelligence committee over alleged rus

join the discussion. >> treasury secretary stephen mnuchin urged congress to raise the federal debt limit

stephen mnuchin testifies from the treasury department. we'll watch as much of this before we can before live coverage of janet yellen. >> i'll call to order this hearing for budget and revenue proposals. good morning and welcome to our hearing on the president's fiscal year 2018 budget and revenue proposals. i want to thank you, mr. secretary, for agreeing to testify today on the budget. your agency, the department of treasury, has responsibility for fostering our nation's economic growth and ensuring fiscal stability across our financial system. our country's growing debt and underperforming economy should be front and center in these conversations. america is faced with a mammoth national debt that totals $20 trillion in a sluggish economy that is holding back more robust growth. expansion was 2% over the next 30 years, debt projected to nearly double as a percentage of gdp from 77% in 2017 to 150% in 2047. in order for congress to tackle this enormous fiscal challenge, it must reduce spending and ensure outlay growth does not outpace o

you have billionaires, wilbur ross and stephen mnuchin, rick perry or linda mcmann.one wants to show there is a unification, and the only thing that really gets presented for many of their agencies is the negative attention. fill in the blank, russia, or comey, or these other things. >> let me ask you this -- >> we might be under attack but we are united here. >> why are they saying, hey, mr. president we're happy to be here and work with you, you have to stop tweet, why aren't they saying that? we want to get your agenda passed, but you've got to stop doing this. he's bringing all of this on himself. why wouldn't they say that to him instead of saying, now, hey, my gosh, you're great. you didn't think that was odd? come on, jason. >> look, it is a little bit of >> look, it is a little bit of selected clips put together. i'm sure you have schumer's clip teed up. >> you have the president's ear, i think. i don't know if you are still in communication with him. at least people who work there. you're here because you're a trump supporter. wouldn't he be better served if

treasury secretary steve mnuchin, and one of the headlines that did cross out of that was that stephen mnuchinly went after comey, basically saying the guy shouldn't have been doing what he was doing in terms of all that leaking. we are waiting, i want to point out, on the president of the united states who will also be speaking momentarily in the rose garden at the white house. i'm on set with harlan hill and lee carter, and this is going to be his real, first opportunity to respond to the media and talk about what we saw transpire yesterday with the hearing. do you think he'll come out swinging, lee? >> i absolutely do, and i think he should. i think what we saw yesterday by comey was there was a little bit of something for everybody. if you didn't like donald trump, you heard something you didn't want to hear. if you like donald trump, you heard, look, there's nothing to see here. so i think donald trump is going to take his time, own the narrative, come out swinging and make sure that everybody heard the points that are most important for him, he was not under investigation. trish: i would

. >> treasury secretary stephen mnuchin urged congress to raise the federal debt limit before the august recess. secretary mnuchin testified this week before the senate budget committee and was asked about the tax proposal and possible changes to the dodd frank financial regulations. the senator from wyoming chairs the committee. >> i call to order this hearing for budget and revenue proposals.o good morning. welcome to a hearing on the presence fix clear 2018 budget and revenue proposals. i want to thank you for agreeing to testify on the budget. your agency, the department of treasury has responsibility for fostering economic growth and ensuring fiscal stability across the financial system. our country's growing debt and underperforming economies should be front and center in thehe conversations. america is faced with a mammoth national debt that totals the most $20 trillion in the sluggish economy that is holding back more robust growth. over economic forecast for the future was a modest 2% rate. and does projected to merely nearly double from 77% 2017 to 150% in 2027. in order for co

the past yellen wouldn't comment directly but did say she works well with treasury secretary stephen mnuchin and he has respect for the federal independence of the federal reserve. back to you guys. >> thank you. >>> by the way, the first person, people will roll their eyes at yellen's comments at the potential hubris and bill miller is the first person i recall saying he didn't think there would be another financial crisis for 70 years and it still seemed like the whole thing might fall apart again it's not -- it's not just one of those signs of the times thing where you think markets at all-time highs, no one ever thinks it's going to fast. i would argue there's still the fear baked into the marketplace. >> look at the vix at 11 you could argue that's complacency but who knows. >> by the way, you know, we don't want to spend too much time because of all the breaking news that's going on that's our job but you have a little over an hour left to bid for the -- for this worthy cause that we've been talking about for a few weeks now. the lulu and leo fund. find it on charity buzz.com. it helps

treasury secretary stephen mnuchin believes in 3% growth from the president's plan. it is far short of what is needed. given the economic strains on middle and working class americans, it is critical any tax reform plan be focused on helping these americans. the details of the trump plan contradict the assertions that there would be no tax cut for the rich. yes, some deductions are to be eliminated, most notably for state and local taxes but when the trump provides enough information for the experts to score the proposal, i have no doubt the rich will be big winners. gary cohn has argued that mr. trump's plan is a middle class tax cut. regarding growth and investment, while large tax cuts to be viewed as enhancing short-term growth, lack of progressivity will overwhelm benefits and squeeze out private investment. the tax policy center has estimated his plan will reduce gdp by half a percent after decade and 4% after two. fourthly, it should enhance our international competitive position. i would agree the need for tax reform is without question. while the stated rate

stephen engle at the global china summit in beijing. tpp.jamie: i was in favor of i'm comforted by the fact that wilbur ross and steve mnuchin are negotiating as we speak. an additional trade agreement with china, and i'm here and they want to do something with nafta. we have wonderful and peaceful neighbors in mexico. to the extent that things are unfair, there are things that are unfair on trade. we think these five or six or 10 have to be a little fairer. i'm for free and fair trade and ietimes it isn't fair haven't thought about it very much -- >> should the united states take part in the agreements that china is pushing for? jamie: i would have, but i haven't looked at it in a long time. if they are properly structured and governed, helping nations develop and regions develop is a good thing. if it is done well, i would participate. in america's interest in china's interest that we both do well to it is not one against the other. it is a mistake to look at it as a zero-sum game. >> how is the u.s. economy right now? in the second quarter, trading revenue is taking a dip. it is a two-part question. jamie: trading is like a weapon. it go