you said it to the secretary of the treasury.ee as a precondition for peace negotiations. no one is go -- no president is going to give him as a precondition to peace negotiations. you do the peace negotiations. then you determine what security guarantees, what -- >> failed diplomatic agreements brokered that had no american guarantee that failed. what's different this time? >> you don't continue -- you got to hear -- president trump engaged by saying, people are dying, we need to stop the dying. we can't go into world war ii [ sic ] and then we will determine what needs to be made. the cart before the horse. i want a security guarantee to go into peace negotiations is what has caused the impediment. >> are you comfortable with the u.s. diplomatic outreach and the decision to no longer isolate vladimir putin? he has not said anything about making any concession. zelenskyy is being asked to do that publicly. >> he has not. the russians showed up. i'm comfortable that marco rubio as our secretary of state in the lead with the negot

at treasury, we are going to appoint an affordability czar.e are going to have an affordability council. we are laser focused on this. >> what does that mean? what's an affordability czar? >> someone who picks the five or eight areas where this administration can make a big difference for working class americans. >> okay. >>> well, one of the things that we hear the president talk about a lot is the plan to use tariffs. i know this falls under the per view of commerce and the trade rep. but you have spoken a bit about it before. if the president does roll out the 10% tariffs that he says are coming on china this week, the 25% on canada and mexico, how much do you think they will impact what americans experience? the peterson institute says it will cost households an additional $1,200 a year. >> look, a couple of things. i respect my friends at the peterson institute. i think they're a bit alarmist. i think a lot of their supporters are anti-tariff, so they take an anti-tariff position. and look, we have the experience of president trump's firs

the treasury secretary will point an affordability czar to come up with ideas to tackle high prices, yes a norah one big, co-conan o'brien took a brief job at trump stay away from politics all different from the oscars joining trump's first term, monday march 3, 2025, "varney & company" is about to begin. , get ready we are ready this monday morning, nice day new york, cold, sunny but let's get started with the latest of the contentious meeting at the white house between president trump and ukraine zelenskyy. he followed his visit to the u.s. with the trip to the united kingdom where zelenskyy met king charles, britain's prime minister pledged billions in aid for ukraine following through on his promise to trump to become a bigger partner. zelenskyy now says he is ready to sign the mineral deal, listen to what director of national intelligence tulsi gabbard had to say about the. >> this is created huge rest and the relationship president zelenskyy as you pointed out in the clips that you played does not believe that he did anything wrong and there was no issue with what he brought up

treasury bureaucrats were not elected. and they have failed to fix the problem that is enabling american taxpayers to be robbed. why not bring in skilled outside experts like private companies and private citizens that are successful in the real world to do everyday work that we need to get done here like audits? of course, federal payment systems are only one link in the improper payment chain. we need to look at other links in the chain. we need to better front and identity verification to screen out fraudsters and we need to close eligibility new pulse. it means not letting applicants self attest to their own eligibility. it means ending categorical eligibility that lets somebody who fraudulently qualifies for one federal benefit automatically get other federal benefits. finally, we need to do better with coordinating fraud prevention efforts between federal governments and the states. these are all issues we will be taking a hard look at in this committee and coming up with solutions to them including legislation and r

treasury departments. could do that, not the secretary of treasury because they called him quote political pride that is what we are doing with every day. >> you got a lot of these judg judges. it's in the districts they are in most are in dark blue cities of boston, washington, new york, seattle, washington. i counted it to be wrong but accounts on the public record 94 of these lawsuits trying to cripple doge and the president and the activities that are taking place. i guess these are taking up a lot of time, no? x they are but there are great lawyers who are amazing. we are bringing in more lawyers. next we you will see a whole stream of new lawyers coming in to help them. we are honest and we are in the rights ultimately these cases are going to get to the supreme court and we will prevail. it's not even a close call on this. trillions of dollars of your tax dollars, our tax dollars are attempted to be distributed by the deep stoughton it is going to stop. it is stopped right now. we are not going to l

but in 1953 was named undersecretary of treasury and last became a member of president eisenhower's cabinet as secretary of health, education and welfare. it's a great pleasure and honor to present to you the honorable marion bee for some righteous dear one of our good new yorkers, a good friend of all of us and a distinguished public servant in washington. marion, it's fine to have you here on this program. well, again, i'm very glad to be here with you. i want to talk with you some about the work of your department and the legislation congress and which been recommended by your department. one thing that's before us now very is this aid to school construction and one of the controversial features of that is the effort to write in an amendment in that bill which will withhold funds any school districts which do not with the supreme court decision banning segregation in the public schools. how do feel about that of course, as you know, we are very strong for enactment of legislation year to provide federal aid for construction of classrooms and the president. this will indicate a number of

jonathan: that was the treasury secretary negotiating in public.from td joins us next. this is bloomberg. ♪ jonathan: big rally in europe, all time highs in paris. stateside, equity futures higher by 0.5% on the s&p 500. the dollar weaker, euro stronger. euro-dollar up by 1%. under surveillance this morning, preparing for tariffs. >> i do think one interesting proposal the mexican government has made is perhaps matching the u.s. on our china tariffs. i think it would be a nice gesture if the canadians did it also appeared in a way, we could have fortress north america from the flood of chinese imports coming out of the most unbalanced economy in the history of modern times. jonathan: global currencies under pressure as the trump administration repairs to impose new tariffs on canada, mexico, and china. mark mccormick writing our short-term valuation tools tell us the u.s. dollar is oversold and cheap. a set up we have not seen since before the election. welcome, good to see you. the dollar is oversold and cheap. against what? mark: everything. the

our treasury secretary questioned whethe zelenskyy wants peace. of course he does.e has his population being murdered, raped, children are kidnapped. he wants out of this situation. he is having a hard time, obviously, negotiating this in public. by the way, his english is not the best. this is hard for him. to corner him in the oval office on that kind of stage was wrong. it makes us look weaker as a nation. it makes us less safe. >> you have been to ukraine a number of times. our last guest mike turner has been in ukraine a number of times as well. neither the president nor the vice president have at all. j.d. vance, the vice president, said to zelenskyy, those are propaganda tours. is that what you did? did you go on propaganda tours? >> no. i went into patriot batteries and talked to the troops. every night they are defending themselves from missiles, trying to keep their population alive. i met with soldiers, some of which are amputees at this point. soldiers that just came from the frontlines to talk to me in person about what the situation on the ground is. i

the general fund of the treasury. since we audit the federal government's financial statements we also audit the general fund which is all the cash payment systems over there. they had some questions about a report. that is the extent of it so far. we have a number of requests from congress to begin looking at their access to the systems, and we will begin that work at a number of agencies across government. >> i have sent a lot of letters. have they respond to any of your requests so far? >> we are just getting started. >> have you sent any requests to them? >> we asked for an entrance meeting at the treasury department and so we expect -- >> what did they say? >> as far as i know we are not having any progress. >> i tried to get into the treasury department and they would not let me in. >> i expect and anticipate cooperation. >> interesting. i've heard a lot that this is about addressing the federal debt. if you got rid of every single federal civil servant, how much of the federal debt would that actually pay down,

treasury genning to appoint an affordability czar. >> what does that mean?handout affordability czar? >> someone that picks the five or eight areas where this administration can may recollect a big difference for working class americans. stuart: steve, affordability czar. pick five to eight areas where trump can make a difference. are you a little skeptical? >> sounds like something came from the democrats, kamala harris. you know, who price controls on groceries. they're pursuing the things you have to do and getting a big, beautiful tax cut and that's critical the bigger and the better. they're attacking regulations and they're attacking spending side so if you get that through, that's going to be a good thing. what bessent and others should be worried about is the federal reserve that has the idea that people doing well is bad for the economy. there's a clash coming there so in terms of having affordability czar no, they're already trying to get the price of eggs down and trying to tackle these things. stuart: got t steve forbes thanks for being with us.

what's interesting is a comment from a americas treasury secretary, who, according to trump, was very rudely treated on a watching trip to kids. and his suggestion is that, you know, well, we need to be a bit tassel with the lens. he's a bit of a shady customer. then he got to munich and he ran into vice president brands and secretary rubio. you're very different. the vice president harris and secretary blinking at, but he didn't sign the agreement. so finally, we were supposed to have the sign in today. it was supposed to be a great day, and this is one of the biggest own goals and diplomatic effort. so pardon me, is the last a cap just today and today which makes 11 to did you have about sheep tongue to side, or was this little part of a bit to stay relevant as a full stop pressure mounts both domestically and internationally. a bit to cling onto at least one called in this game with trump. well, good luck with that because anyone who's at the ups of trump walk knows that this is a man who does not take criticism. sorry, well he definitely doesn't have a lot of patience. he doesn't

we've got the treasury debt limit. i can go on and on and on. i think, you know, the uncertainty that that's creating for business people and for consumers like you and me. i mean, if you see all this and you don't understand what it means, i don't think it means you cut back on your spending, but it certainly makes you more cautious in your spending. so you add that all up, you know, it feels like the economy is gagging on the uncertainty. and, you know, the longer the uncertainty hangs around, the more likely the economy is going to start choking. and yeah, i think it's going to do a lot of damage. so, you know, i'm hopeful that we can get some clarity here soon around policy and allow businesses and people to get back to the business of doing business. >> it's clarity. but also, is it when you're talking about uncertainty is also consistency. you know, like there being some kind of like through line here because every industry and every company, large or small, they are not planning their production, if you will, you know, two days out and th

treasury. vent legislation and demonstrate common sense framework for digital assets as a bipartisan priority. this progress will build momentum and other crucial areas such as market structure for digital assets. i've having no regulation does nothing to stymie bad actors is pushing innovation beyond our shores. we need a regulatory clarity for digital assets to both protect consumers and to be a leader in the industry. thank you madam l chair. >> the chair recognizes ms. smith. >> thank you madam chair and ranking member thanks all of our panelists for being here today. i appreciate this very much having the opportunity to learn about, and hear your thoughts about what we need to do to provide a robust and reasonable regulatory framework for stable coin. i want to focus my questions on better understanding how consumer protection should work for stable quite and how they might work under the genius act in particular. so mr. masada, it let me ask you. under current law at financial institution

mary katherine: jason, we saw the treasury secretary there talking about affordability czar and why anordability czar and what do you make of that? jason: it's great and we'll focus on things that are really going to affect every single american and first of all, secretary bessent was fabulous pick. he's been a great treasury secretary and he's only been there a short time and one of the things is it's like the agriculture secretary and today in "the wall street journal" putting forward a five point plan on how they'll tackle the price of eggs and have to focus determining reality and her five point plan make as lot of sense and they had to call like 160 million chickens in this country. how are you going to bring that back? that's kill ago lot of chickens. you know, focussing on those things, you can make good things. lisa: it's a good messaging strategy, joey, and inflation was number one and making this a top issue affordability czar and similar reigns leading focussed on bringing down prices. joey: egg prices stay up and gas is ten-cents lower than a year ago and i bring that up be

treasury can create an offshoot.t we do know trump's crypto group is looking at potentially creating a stockpile with crypto currency seized by law enforcement. stay tuned fascinating stuff. >> we will figure this out. anthony pump liana knows a thing or two of have a job market works. i'm going to ask him about the computer reserve five or six different crypto which seems to me that is like a hedge fund. >> this is insane. >> how do you decide whether you want more solano and less bitcoin. he manages. >> we don't know all the details we reserve the right to change her mind but as we know right now this is insane in the idea the campaign promise was not a smattering of crypto assets it was a bitcoin strategic reserve the whole ideas a strategic reserve the reason why bitcoin is strategic it's a finite supply asset that many people believe is a dominant value backed by the strongest computer network in the world and we don't know who created it and fully decentralized. what we have been added to the reserve are a bunc

and, you know, we are tackling this at treasury, we are going to appoint an affordability czar.are going to have an affordability council. we are laser focused on. this what does that mean? what is an affordability czar. >> someone who picks the five or eight areas where this administration can make a big difference for working class americans. >> steve: it's perfect timing that they would announce that because tomorrow night when the president has his joint session for congress, what the democrats, according to politico and playbook today what the democrats are going to start to highlight is the one issue that they think can bring them back to power in the next election. and after that the presidential. and that is the economy. and so what they're going to start talking about is how these trump tariffs that could go into effect tonight at midnight, would cost the average american family 1200 bucks. so that's going to be the message from the democrats. in the meantime, the affordability czar is going to figure out how to bring down costs for stuff that everybody is buying. lawre

joining me now one of the men trump consulted treasury secretary scott bessent.t to have you on. i know you were in the room with vice president vance and secretary rubio after everything went down. who suggested that zelenskyy needed to hit the road? >> look, laura, it was a group decision that president zelenskyy needed to be moved out of the oval. and i got to tell you we were in shock. this has to be one of the greatest diplomatic, the mishaps of all time by president zelenskyy. we were having a press conference. we were going into lunch and then we were going to sign the economic partnership agreement. this was supposed to be a day where ukraine and the u.s. intertwined our economic prospects and, instead, president zelenskyy and i think he is probably used to dealing with american leadership that is weak. and he ran into president trump. and who didn't back down. vice president vance who didn't back down. they were asked to leave the room. then he had they had to be asked to leave the building. they were texting everyone, begging to come back out and sign t

. >> we've been operating in the financial district since 2016 with the treasury and coming up we had a small surge in business in the leidesdorff and in about the financial district and a good time to grow here. >> as a small business the leidesdorff is making us being part of it as being part of in project. for me makes we want to be part of san francisco. >> so landing at leidesdorff for me represents hope for san francisco and the sense that this is become such a safe welcoming area. >> we local artists coming in and exercise boxes and live music but the hub of culture. >> the downtown partnerships has a studio in san francisco. they identified 6 locations throughout the downtown area we come together with new activity and spaces. >> is between us a place to tell our own story and history. >> it was named after a captain one the black leaders of san francisco before that was called san francisco he was the first treasurer of the city and commercial street a cross street the hifblg original shoreline of san francisco was just a few feet behind where we're 12357b8z around opportunit

treasury secretary scott bessent says it's off the table for now. >> it is impossible to have an economicl without a peace teal. -- deal. >> reporter: across the atlantic in london, more than a to see leaders from europe and canada met with zelenskyy for an emergency summit. afterwards united kingdom prime minister keir starmer said the group is working on a russia-ukraine peace deal to present to president trump. in the meantime starmer said the group will bolster military aid to ukraine and look at building a coalition of peacekeeping troops from europe. >> europe must do the heavy lifting. but to support peace in our continent and to succeed, this effort must have strong u.s. backing. >> reporter: while in london zelenskyy told reportersly believes he can salvage his relationship with president trump. in moscow sunday russia's top diplomat praised the president's handling of the meeting with zelenskyy. the president posted we should spend less time thinking about putin and more time worrying about migrants. meanwhile, multiple u.s. officials tell cbs news defense secretary pete hegseth

treasury secretary scott bessent that it is at present not on the table. and also to he struck a tone which was frankly conciliatory for most of it. asked though directly by a reporter if he would apologize to president trump, he didn't take that opportunity and instead gave an answer about ukraine's dead and its suffering, and how, in response to suggestions he doesn't want peace, he said he would love the war to stop not just today, but have never have started in the first place. i paraphrase his words there, but as he gave that press conference, two details emerged of some of the technical aspects of what potentially these european powers have been discussing when it comes to a peace plan that they may eventually present to the white house at some point. french president emmanuel macron telling the figaro newspaper that he is contemplating presenting a month long partial ceasefire, what he described as an the air in the sea and against tax on energy infrastructure, both sides hitting their energy grids really hard over the past months, that potentially

president zelenskyy now faces a situation where the mineral deal, according to the treasury secretary, is off the table. so perhaps he is looking at his own position as president trump, a card that he can play in this. >> hmm. clare also getting new reaction from the kremlin now on trump's meeting with zelenskyy. what are you hearing on that on that. >> yeah, dmitry peskov, the kremlin spokesman, in a call this morning addressing events on friday and over the weekend, i think we learned two key things here. we learned, number one, that russia is clearly embracing this new world where its rhetoric aligns on various points quite closely with that of the u.s., undermining zelenskyy being one of them, the kremlin saying that he demonstrated a complete lack of diplomatic skills in the oval office. the fact he doesn't want to concede territory, said dmitry peskov, shows his reluctance to perceive the real state of affairs on the ground. we know that the u.s. has said openly that it thinks ukraine should be prepared to give up territory. and secondly, i think that russia, you know, while cla

here's treasury secretary scott. >> president trump is. >> trying to. >> move towards peace. >> he said repeatedly. >> during during. >> that episode. >> in the oval. >> we don't know if we'll get a peace deal, but. >> we've got to try. >> all president zelenskyy had to do. >> was come in. >> and sign this economic agreement. >> and again. >> show no daylight. >> no daylight between. >> ukrainian people and the american people. and he chose to blow. >> that up. >> so the deal is no longer on the table. just to be. >> abundantly clear. >> not at present. >> so there is scott bassett, the treasury secretary, really echoing what we've heard from a number of other cabinet officials, taking the side, of course, of president trump saying that he did the right thing and that he was really trying to advocate for a peace deal, and that it was president zelensky that was being disrespectful, as well as not being open to some of the arguments and the things that president trump was putting before him that he believes will bring an end to the war between russia and ukraine. so a lot there that he c

this is the way he was in the treasury secretary's meeting. he is kind of he kind of waltzed in, you know, that's who he is. and i'm sorry the ukrainian people don't deserve this. trump wants peace and he wants it now. now, your old friend susan rice. because when i think peacemaker, i think susan rice not. but she came out today and she's very embarrassed. watch. >> zelensky was compelled to agree to a horrible deal. >> that would have set. >> ukraine's minerals to the united states without any concrete security guarantees. the vice president of the united states laid into him. j.d. vance did that deliberately. >> but it was. >> this was. >> really you know, i've never been embarrassed to be an american. and today was embarrassing. >> and it. >> was it was awful. >> he's embarrassed. adam kinzinger, do they realize they're actually hurting their cause by appearing on television? i mean, it's making it harder to get to any type of any positive outcome for ukraine. >> yeah, the america last crowd has always got something to say. but i think tod

the treasury secretary joined face the nation earlier today, addressing what was, after all, the main of that friday meet. >> is the deal still on the table or has president trump instructed you to drop the project? >> margaret, it is impossible to have an economic deal without a peace deal. the foreign economic deal is that ukrainian leadership wants a peace deal. >> those deals might be in limbo for some time. according to white house officials, president trump has no plans for a follow-up meeting with zelenskyy. and vern is i'm not happy with the way that pg&e handled the wildfires. yeah. yeah. i totally, totally understand. we're adding a ton of sensors. as soon as something comes in contact with the power line, it'll turn off so that there's not a risk that it's gonna fall to the ground and start a fire. okay. and i want you to be able to feel the improvements. we've been able to reduce wildfire risk from our equipment by over 90%. that's something i want to believe. [skateboard sounds] >>> we've got college basketball up top. two weeks from today is ncaa basketball selection sun

some positive this site, but it could be as, as very or for back in 2004, a few weeks up to the treasury drowning incident. i met the sole survivor fit in the city. people still visibly shaken to lose the give me a call to use the goals and the phones of the political offices for handle as children in the way of and less on the check. and we'll continue to be able to, to also set off couples also him up at home and go so well plenty with them and those that also see that i wish i'm a little see, i'm a man of this to tim, not worth a minute or 2 repass so poignantly named delta of his late brother. despite the treasure day, they continue to rebuild his life and fight for justice on keep boss in man, man, i'd see my head up or left for me to call me at all. or is this that the, the going to the know the if i'm you to see try to avoid the local market which my boss. so if i enter the width of all, i can almost be billed at all. just be nice for you to, to choose what you're trying to jump to all y'all for leaving it. also something business time and corporate are going to know that some of

but coolidge and his ally, treasury andrew mellon, wanted cut more and. 50%, which is about level ofthe cut was not acceptable to coolidge. so i'll read you more of his language. the country needs every ounce of its energy to restore itself. the expenses of government reach, everybody. i want the people of america to work less for the government and more for themselves. having the reward of their own industry was coolidge said. the chief meaning of freedom. cutting taxes after, tax cuts, which is where we were, is easy. the lawmakers on the hill liked their toy and the first tax cut coolidge had done in 24. well, we only reduce rates somewhat, but now at his inauguration eve, elected on his own. he cut he was quite aggressive. he tax over taxes and legalized larceny. oh, you're your recusing your colleagues. he was the and people often ask me why the coolidge -- were so friendly with alice roosevelt longworth since she was the daughter of a politician with some different views about progressivism. theodore roosevelt well. one reason was the coolidge is liked. alice. she was clearly l

treasury secretary scott bessent says the economic deal that president trump wanted president zelenskyygn is no longer on the table. >> what's the use in having an economic agreement that's going to be rendered moot if he wants the fighting to continue? >> it is absolutely shameful what is happening right now. the white house has become an arm of the kremlin. >> reporter: but according to a new poll released by cbs news, the economy and inflation are the top priorities americans want president trump to focus on right now. 51% approve of the president's handling of the economy. but 54% disapprove of his job on inflation, on immigration, 54% give the president a thumbs up. this week the white house is expected to impose punishing tariffs of up to 25% on canada and mexico. and up to 20% on china. economists warn tariffs could raise prices for americans and slow economic growth. something the white house disputes. canada and mexico say they will retaliate with tariffs of their own. >> we will have a strong, unequivocal and proportional response as canadians expect. >> reporter: in the wake

treasury secretary scott bessent has been focused on the 10-year.dministration wants interest rates lower, but there are worries that this dedecline in the 10-year yield all the way down to 4.2% is indicative of a slowing economy. what do you think is behind the move? >> well, it's typical supply and demand for debt. but here's what it tells me when i look at that, for investors they have to have high quality, short-term fixed income. and the reason they want to do that, because when we have a crash and investors have largely forgotten what a crash actually feels like. in in and 2009 tech stocks lost 75%, large stocks lost 50%. so in the event of something like that happening in the future, you have to stress test your portfolio. and then you have to have high quality short-term fixed income. ten years and out's not going to cut it because those things are highly volatile, and when markets crash, they tend to crash also. then you rebalance, sell your fixed income, rebalance your portfolio. it sounds simple, but it's one of the hardest things for inv

some positive this site, but it could be as, as very or for back in 2004, a few weeks up to the treasury drowning incident. i met the sole survivor to in the city. he was still visibly shaken to lose the give me a call to use the goals and the phones of the offices are humble as children in the ways and less on the check on little don't you need to be able to to also sit off couples also and my phone one will so well, plenty with them and those that also cl number from last films for minor. this the tim not worse than an old, over the past, so poignantly named, alter his late brother despite the treasure days, be continued to rebuild his life. in fights for justice. i'll keep us in him for me and i see my head up or left for me to call me at all or visit the law from of the good of going to the know the if i'm you to see try to avoid the local market which month with us, so if i enter the width of all, i can almost be billed, it'll just be nice for you to, to choose what you're trying to dental or you can afford the monthly and then also some business time and cool for that. going to mai

back in 2004, a few weeks up to the treasury drowning incident. i met the sole survivor within the city. people still visibly shaken to lose the give me a call to use the goals and the phones of the political offices for handle as children in the ways and less on the check. and we'll continue to be able to, to also sit off couples also. and my phone won't go so well, plenty with them and those that also cl number from law firms for minor. this the tim now was an old 30 pass so poignantly named delta of his late brother. despite the treasure days, they continued to rebuild his life in fights for justice. octopus informed me that i'd see my head up or left for me to call me at all, or visit the law from of the good of going to the know the if i'm you to see try to avoid the local market which my boss so blanch of the width of all, but can almost be billed at all. just be nice for you to, to choose a little gentle. all you all just for the also something business time and go for the going to know that some of the facilities younger from a more smalle

plus, we will go one-on-one with treasury secretary scott bessent. i'm margaret brennan. >>> we end tonight in illinois and a frozen hidden gem. in tonight's "weekend journal," cbs' noel brennan shows us how it is attracting people with a passion for winter and adventure. >> today should be perfect. >> reporter: anyone who considers 10 degrees perfect -- >> it's going to be icy in there. >> reporter: -- doesn't mind a little ice. >> maybe this year you come out here in the summer. >> reporter: dave everson and bruce turner hike starved rock state park in the winter because that's when they'll find wildcat canyon the way they like it. >> should be awesome. >> reporter: frozen. >> it's truly incredible. i don't know many people have ever seen frozen waterfalls. we got one here right in our backyard. >> people are caught off guard. it's fun. >> reporter: dave and bruce travel from chicago to central illinois. not to hike. >> climbing. >> reporter: but to climb. >> you're driving through cornfields. it's flat on i-80, and you come into the park, and where did this come from?

official, the other members of the press pool, they declined to interview the treasury official untilx news, the reporters, frankly, at the white house. god bless the white house correspondents association. but the individual reporters, they have not taken such a forceful stand publicly, collectively with the associated press. and on the day that the white house press secretary announced that it was the press secretary who would choose the reporters in the pool and not the other way around, she was not met with much consternation whatsoever, barely asked a question about it. i do think that the white house reporters need to stand up very vehemently, not just for themselves, but for access for all of their colleagues while they still have the opportunity to do so. but that room does not look like it used to. there are a lot of people, if you remember that first press conference, there are a lot of people who are bloggers who are very friendly to this administration, and a lot of the traditionals are not as as strong as they used to be. and that's the problem. and i was on the board onc

they go into the treasury to pay for their services for the local urban area or county. i'd love to work with you and your staff on some of the specifics of those ports, but they are public enemies paying back profits into public treasury. mr. crane: what percentage, mr. davis, are most paying back? mr. davis: let me get you that number. mr. crane: thank you. i yield back. chair gimenez: thank you the gentleman from arizona. i recognize the gentlewoman from south carolina, ms. biggs. ms. biggs: thank you, mr. chairman. i want to sincerely thank our witnesses for their valuable contributions to this important hearing today. so the united states coast guard is essential to securing maritime trade and enforcing laws that protect our national security. mrs. biggs: they safeguard our borders. they ensure the security of global trade and combat illicit activities at sea. the people's republic of china's growing control over strategic maritime choke points is engagement in illegal fishing and the suspected use of commercial shipping for surveillance and illicit trafficking all