and so the trump treasury department stepped in and without any clear authority to do so, the treasury department reversed a long-standing i.r.s. provision that it allowed taxpayers a full deduction for charitable contributions to state tax credit programs. in essence, the treasury department created a new rule that extended the $10,000 cap of state and local tax deductions to also include charitable contributions to state tax credit programs. to make matters worse because republican senators began to see what an absurd approach this was, secretary mnuchin put together another carveout for republican interests, trying to figure out how to manage this flawed regulation. so in effect private school voucher programs would be exempt from the regulations. middle-class families pay more, businesses pay less. that is the republican way. my view is the treasury department shouldn't be putting its thumb on the scale on behalf of republicans, and it certainly shouldn't be using what amounts to a phony regulatory justification to fix this extraordinarily poorly drafted law. while donald trump cer

ask your doctor if starting hiv treatment with dovato is right for you. >>> the treasury department'ss launched an investigation into how the department handled requests for the president's tax returns. >> reporter: on friday the treasury department inspector general launched an investigation into how the treasury department handled a request for the president et cetera tax returns back in april. that's when the house ways and means committee chairman requested six years of personal tax returns. this after neal sent a letter on friday asking for this investigation. in response, when i called the treasury inspector general's office, they told me they had launched a probe. they said in a statement chairman neil has asked treasury oid to investigate into the process how the department responded to the request. we are undertaking that inquiry, so this investigation will continue. this comes after a whistle-blower went to the house ways and means committee in july, alleging there had been piano tenchal overshadowing of the presidential audit program. lauren fox, cnn. >>> lauren, thank you.

official who says he was told a treasury department appointee tried to interfere with the annual audit of the president or vice president's tax returns this is according to "the washington post," citing multiple people familiar with the matter nbc news has not independently confirmed that, but "the post" says the complaint is now circulating on capitol hill, alarming some congressional democrats. "the post" says trump administration officials are dismissing the complaint as hearsay and politically motivated. remember the backdrop to all of this, house democrats have been "the post" says trump administration officials are dismissing the complaint as hearsay and politically motivated. remember the backdrop to all of this, house democrats have been in a fight with the treasury department over the release of president trump's tax returns, which so far he has refused to in a fight with the treasury department over the release of president trump's tax returns, which so far he has refused to share publicly lester >> hallie, thank you. >>> breaking news tonight out of wathshingt hour. reports

>> this new whistle-blower complaint is from an irs official who says he was told a treasury department appointee tried to interfere with the annual audit of the president or vice president's tax returns this is according to "the washington post," citing multiple people familiar with the matter nbc news has not independently confirmed that, but "the post" says the complaint is now circulating on capitol hill, alarming some congressional democrats. "the post" says trump administration officials are dismissing the complaint as hearsay and politically motivated. remember the backdrop to all of this, house democrats have been in a fight with the treasury department over the release of president trump's tax returns, which so far he has refused to share publicly lester >> hallie, thank you. >>> breaking news tonight out of washington state, a massive police response and a s.w.a.t. standoff at this hour. reports of multiple opentower. steve patterson is following developments steve, what are you learning >>> officials say the suspected shooter believed to be in his late 70s was taken into cust

department of the treasury. secretary mnuchin has testified previously before the committee and needs no introduction. welcome. we'll then hear from the honorable dr. ben carson. secretary carson has also testified previously before the committee and needs no inferoduction. welcome. finally, we'll hear from the honorable dr. mark a.callabria. this is his first appearance before the committee. he has served as director of the fhfa since april of this year. in recent years, he's served on the republican staff of the committee on banking, housing and urban development, worked at the cato institute and most recently as chief economist to vice president mike pence. welcome, director. for purposes of testimony, each of you will have five minutes to summarize your testimony. secretary mnuchin, you're now recognized for five minutes to present your oral testimony. >> thank you. chairwoman waters, ranking member mchenry and members of the committee, i'm pleased to be with you today to discuss the department of treasury's

circuitry mentioned undersecrete treasury department sanctioned the targeted strategy believed to be close to prudent and designed to punish for western emergencies the treasury department look to those in 2018. as you know the mueller report having financial dealings with paul manafort who is not in jail. early this year they reported that he began collecting $10 million a year in 2006 to advance prudence interest in western government in june 23, 2016 he was named trump's campaign chair and listen to weeks later june 7, he asked for intermediary pass, if he needs private briefings. two half-year sanctions were lifted and after that they announced it was investing $200 million into a project in kentucky. in april this year you testified on this committee that you delisted the sanctions because this is your quote, the company approach does not approach them they approach us a large group of people. was senator mcconnell among the people who approach you? >> i'm not sure what this has to do with housing reform. >> the trust in our financial system depends on the entire system. >> agai

remember the backdrop to all this, house democrats have been in a fight with the treasury department over the release of president trump's tax returns, which he so far has refused to share publicly >> our thanks to hallie jackson for that report. >> reporter: north korea is claiming that its recent under water missile launch was a success. their state media released these images describing this as a type of missile capable of being launched from a submarine. this would pose a threat to the u.s. and its allies because these types of launches are harder to detect early the pentagon says there is no indication this missile did launch from a submarine, but instead from a barge or floating platform >> this week marks two years since the las vegas massacre that killed more than 50 people. and this morning there is a major settlement agreement between mgm and the victims. nbc's jay gray has the details >> reporter: the deadliest mass shooting in modern u.s. history left thousands of lives torn apart. >> it's just -- it's something that's never -- you'll never, ever be able to repair and be

. >> a new executive order gives the treasury department in consultation with themselves and secretary pompeo very significant new sanctions authorities that can be targeted at any person associated with the government of turkey, any portion of the government, this will be both primary sanctions and secondary sanctions that will be applicable. the resident is concerned about the ongoing military offensive and potential targeting of civilians, civilian infrastructure, ethnic and religious minorities, and the president also wants to make very clear it is imperative that turkey not allow even a single isis fighter to escape. again, i want to emphasize at this point we are not activating the sanctions but as the president has said, he will provide very significant authorities based upon the continuing efforts. so he will be signing this and they will be active and we will be working in consultation the department of defense and department of state to monitoring this very quickly. we are putting financial institutions on notice that they should be careful and that there could be sanctions.

i'm pleased to am pleased to be with you today to discuss the department of treasury's housing reform plan. last month my colleagues and i testified before the senate committee -- >> will you move your microphone closer speak into it please connect. >> last month my colleagues and i testified before the senate banking committee after the release of the plan and the comments and legitimate of frameworks we have seen from members of both parties reflected bipartisan agreement on the need for legislative action and on the general principles of reform. i am hopeful with good-faith discussions congress and the administration will act in a comprehensive manner to support affordable housing appropriately tailored the federal government's influence over the housing finance sector, protect taxpayers taxpayers from future bailouts and foster competition that will end up with consumers. that is why i was surprised and disappointed by the title of this hearing which asks whether the administration's plan is in and to affordable housing. to be clear, treasury does not propose and indeed opposes re

new reporting that an irs official filed a complaint that someone in the treasury department might havee audit of the president or vice president's tax returns. you're watching msnbc. announcer: fidelity is redefining value with zero account fees for brokerage accounts. and zero minimums to open an account. at fidelity those zeros really add up. ♪ maybe i'll win ♪ saved by zero doprevagen is the number oneild mempharmacist-recommendeding? memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. pain happens. saturdays happen. aleve it. aleve is proven better on pain than tylenol. when pain happens, aleve it. all day strong. we're oscar mayer deli fresh your very first sandwich,m... your mammoth masterpiece. and...whatever this was. because we make our meat with the good of the deli and no artificial preservatives. make every sandwich count with oscar mayer deli fresh. ♪ work so hard ♪ give it everything you got ♪ strength of a lioness ♪ tough as a knot ♪ rocking the stage ♪ and we never gonna stop ♪ all strength, no sweat.

i think what's really important to understand is that treasury department officials don't communicatecials about specific reports. so that's extraordinary. but the existence of this complaint itself, even if the investigation ultimately clears whoever allegedly did this shows why congress needs access to these tax returns of the president. of course, we're only in this position because the president didn't release his tax returns. >> yes and it turns out i think a lot of us thought that it was just a law. it was law, that we had written a law that says president and vice president's tax returns are automatically audited. we didn't. it is just a custom and it was a custom that no president prior to now dared to tamper with. >> many of the best things in our government that is just a norm. >> what we have found in the course of the trump administration is that many norms have helped. some of them have not. what we found is that the president of the united states is willing to trample over them at any given point. i'm a little confused by this story. what do you think is actually going o

forces have the right of self defense so i think there are both the you know the department said at the level of the treasury the defense department state former arps are continuing to try and work out an arrangement by which will minimize casualties the u.s. and syrian as well the initiative now is with the turks and so it's a question of how far the turks are going to go and how they're going to do it my and understanding is that the the u.s. resistance to the turks intervention will directly reflektor how far the turks what's going to happen with those prisoners and how many civilian casualties there are so it's a limited intervention. there's no the elites of many isis prisoners al qaida is unable to regroup and so on then i think we'll see the level of u.s. warnings lack of support in public but not active opposition if over the converse occurs i think you'll see the u.s. takes much stronger steps to confront and change the surface particles that the u.s. announced $800.00 additional troops some extra equipment for saudi arabia to strengthen the kingdom security following an attack on riyadh's all facil

sent a letter requesting the office of the inspector general of treasury to look into how the treasury departmentthe president's tax returns. we know the oig is going to launch a probe. they said in a statement, they asked treasury oig to inquire into the process in which they responded to the request for federal tax information. we are undertaking that inquiry. that's according to the acting inspector general of the treasury department and i will tell you this comes after we had reported earlier this week that a whistle-blower had come forward back in july to house ways and means committee alleging that there has been potential wrongdoing rate today the presidential audit program. that's the program in which the president and vice president's tax returns are audited when a new administration comes into office. brooke? >> thank you very much. >>> the key witness in the middle of the scandal says he doesn't believe joe biden did anything wrong and his testimony doesn't stop there. we have part of the transcript for you and the damning text messages linking an investigation to presidential meeting,

president trump and he has authorized and will be signing a new executive order giving the treasury department in consultation with himself and secretary pompei. very significant new sanctions authorities that can be targeted for any person associated with the government of turkey any portion of the government. and now to some of the other stories making news around the world. in the trump impeachment inquiry former u.s. ambassador to the u.n. to ukraine mary avant of it has arrived at the house of representatives to testify last may president trump ordered that she be recalled from her post reportedly because she was blocking efforts to pressure ukraine into investigating joe biden the president has previously described mizuno benefits as quote bad news. clashes have broken out in ecuador's capital quito as thousands of indigenous people protested against fuel price hikes for a 9th day the country's president lenin moreno has said he will not back down on the austerity measures backed by the international monetary fund. a fast moving wildfire near the u.s. city of los angeles has killed at le

president trump and he has authorized and will be signing a new executive order giving the treasury department in consultation with himself and secretary pompei. very significant new sanctions authorities that can be targeted at any person associated with the government of turkey and a portion of the governor that was the u.s. treasury secretary speaking there let's take this story now to washington e.w.'s jeff one's emotions on the story for us good evening to you stefan we've got president truong and his cabinet they're threatening sanctions against turkey what exactly does that mean. well that means that the administration is so at least say and see it's a lot of politicians across the political spectrum as well as many experts that the administration is trying to peddle back or try to make a situation which is really really bad for them better this is that much control and it is the only opportunity on possibility for the white house at the moment and for the trumpet ministration to do anything to put genie back in the bottle at the northern syrian border with turkey. sanctions and those s

seeing warnings you mentioned the sanctions there is that were discussed earlier today the treasury department the pentagon has reaffirmed that u.s. forces have the right of self-defense so i think there are the both the you know the partment at the level of the treasury the defense department state former are assuming try and work out an arrangement by which will minimize casualties the u.s. and syrian says well so this situation and just the past few days has further displaced at least a 100000 people and there are reports that isis prisoners are going free what is the goal what is the end game for this move that donald trump has made. right well just to make clear though the the initiative now is with the turks and so it's it's a question of how far the turks are going to go and how they're going to do it my and understanding is that the the us resistance to the turks intervention will directly reflektor how far the turks what's going to happen with those prisoners you mentioned how many civilian casualties there are so if it's a limited intervention. there's no lease of the many isis priso

forces have the right of self-defense so i think there are the both the you know the departments at the level of the treasury the defense department state former arps are continuing to try and work out an arrangement by which will minimize casualties the u.s. and syrian as well the initiative now is with the turks and so it's a question of how far the turks are going to go and how they're going to do it my and understanding is that the the u.s. resistance to the turks intervention will directly reflag how far the terrorists what's going to happen with those prisoners and how many civilian casualties there are so it's a limited intervention. there's no we in fleets of many isis prisoners al qaida is unable to regroup and so on then i think we'll see the plughole of u.s. warnings lack of support in public but not active opposition if however the converse occurs i think you'll see the u.s. takes much stronger steps to confront and change that or if it's possible that he was announced $800.00 additional troops on extra equipment for saudi arabia to strengthen the kingdom security following an attack on riyadh's

it provides the department of treasury and other agencies to help catch bad actors. there's been years of work in that's on of that bill wrapped up in this larger bill. i'm disappointed the counter act not being considered as a stand-alone bill. instead being swept into this believe as a i stand-alone bill, we could get that bill through the house, hrough the senate, and signed by the president into law this year. so i think it's unfortunate that considering that as a stand-alone measure. i want to thank my colleagues on aisle for ide of the listening to some of our concerns on the republican side of the aisle. we will have some republican members that will vote for this bill. i, however, will not. the encroachment on the question lack of liberties, the separation of powers, the lack a subpoena and the lack of regulatory relief for those that are collecting in terms of th small businesses and financial fixed tions has not been nor dealt with. the rules ar, committee last night rejected amendments that would require law enforcement to obtain a before accessing -- sorr

but now, a whistleblower has tome forward alleging th ast one political appointee at the treasury departmenterfered in that process. president trump has long refused to release any tax returns, and vice president pence has not released any of his cent jeff stein is parte "washington post" team that broke this story. he joins me now. jeff, welcome back to the "newshour". what is ithat thisan you tell us whistleblower is alleging happened? >> we actually first became aware of this whistleblower complaint back over thsummer when, as part of his lawsuit against the trump administration, seeking president trump's tax returns, the house democrat leading that push dclosed he'd received information that suggested improper interference related to the president or the vice president's tax returns. what we've learned recely and published yesterday is that complaint comes from a career i.r.s. official and names at let one treasury official as being implicated in potential interference to have the president or vice president's audits or returns. it's clear we're trying to stress we do nonot w what kind o

sanctions against several turkish ministers the us president has also given the green light to his treasury department to increase terror of some turkish steel imports also on the economic front the u.s. is canceling talks on a $100000000000.00 trade deal with ankara trump says sanctions will include the blocking of property and barring entry of turkish officials into the u.s. well vice president mike pence says he'll be heading to the region to discuss turkey's campaign let me say the president could not have been more firm with president ford wanted in. the united states of america is simply not going to tolerate. turkey's invasion of syria any further and we're calling on syria to stand down and end the violence and come to the negotiating table and that's the reason the president sending me to the region to make his intentions very clear and we're going to be looking we're going to be looking for turkey to take strong action in that regard. has more now from washington d.c. it's interesting that president donald trump himself has been relatively quiet about this announcement of the sanctions he tw

ever since chairman neil has been quietly arm wrestling the treasury department for them. a real sleeper until late august when chairman neil suddenly released a mountain of legal filings and buried in there was this bombshell. quote on july 29th, 2019, the committee received an unsolicited, the word unsolicited is underlined in here, an unsolicited communication from a federal employee setting forth credible allegations of quote evidence of possible misconduct, specifically, potential quote inappropriate efforts to influence the mandatory audit program of a president's income tax returns. that was in august. ways and means chairman ritchie neil revealing a whistle-blower had alleged possible misconduct related to the audit of the president's taxes. for weeks there's been radio silence until now. last week chairman neil revealed he's trying to make the whistle-blower complaint public. this week he said the house is sending their top lawyer to go talk to the whistle-blower. >> there's been a report that there's another whistle-blower complaint about efforts to influence the

. >> president trump has authorized and will be signing a new executive order, giving the treasury department in consultation with himself and secretary pompeo very significant new sanctions, authorities that can be targeted and any person associated with the government of turkey and a portion of the government. >> that was the u.s. treasury secretary. let's take the story to washington. good evening to you. we've got president trump and his cabinet threatening sanctions against turkey. what does that mean? >> it means the administration is say and see. a lot of politicians across the political expert -- political spectrum say the administration has tried to peddle back or make a situation which is really bad for them better. this is damage control area this is the only opportunity or impossibility for the trump administration to do anything to put jeannie back in the bottle. those sanctions are authorized. it doesn't mean they will be independence now or tomorrow or the day after. the authorization of doing this and "crippling turkey's economy if the sanctions are implemented, that is on the

jeffrey toobin, "the washington post" reporting the second whistle-blower told one treasury departmentl attempted to improperly interfere with the annual audit of the president or vice president's tax returns. i suspect there's going to be more whistle-blower complaints, but what do you think about this? >> well, let's see if it is true. i think, you know, that's a potentially serious allegation. remember, the president has said all his tax returns are under audit basically from the beginning of time. that's why he doesn't release his tax returns. i mean, that seems to be a complete lie and has always seemed to be a complete lie. but as president, there is a custom, even a law that the president's tax returns are always audited. so it would be improper if some political appointee tried to put the finger on the scale one way or the other. >> dana, you have been doing reporting on this as well. >> absolutely. look, this is an issue that has been dogging the president since when he was a candidate, why he didn't release them. i defer to jeffrey on the law. whether it is proper or not to r

the banks informed the treasury department of this suspicious activity.administration has known about this over the last year or two and did nothing. now that the whistle-blower has come forward the investigation really by the fbi has intensified and the southern district, and it spread to an examination of mr. giuliani's finances. >> where we are right now. give me one key and that has to be answered. >> well, the question was who is behind this? was it dmitry in vienna? were there russian information sources and russian oligarchs who were financing this? all of a sudden there were millions of dollars flowing into parnas/fuhrman's accounts. mr. giuliani had literally millions coming into his account and his firm's account. supposedly for work in ukraine, but where did this money come from? what were the sources. that is really -- the follow the money investigation is what i believe the southern district and the fbi is looking at this point. >> mr. mcallian, please, may i enlist your efforts to epihelping us understand this as we learn information as it f

this time a career irs official by a political employee, treasury department political appoint appointeelauren fox has been working the story for us. what are you learning about this second whistle-blower? >> reporter: we knew this whistle-blower had existed because this person came forward in july according to a court document filed by house ways and means committee chairman richard neil. from an august court filing, neil wrote to treasure secretary steve mnuchin saying a whistle-blower came forward and said there was inappropriateness in the audit situation and i am concerned. they are alleging at least one political appointee was trying to influence the audit system when house ways and means chair o'neill requested the tax returns, he basically argued that this audit program was not enshrined in law and wanted to look at whether or not there was undue political influence depending on whether you're a democrat or republican coming into office. right now every time a new administration comes in, the president and vice president's taxes are audit. that program is pretty secret. there's n

liz, i can tell you on one last point, the treasury point, the treasury department is waiting for some more documents from the chinese central bank in order to determine if china is a currency manipulator or not. i can tell you the foreign exchange report is supposed to or was supposed to come out last week. it did not come out last week. it's been delayed. now, that's the report that would list who are the currency manipulators and china may not be on that list after the treasury department gets the documents they're looking for. we have to see. liz: edward, thank you very much. it's been a long sort of like brexit, just doesn't end. thank you very much. >>> markets, though, are blazing to records but pg & e enduring a record low. with the closing bell ringing in 47 minutes, the california utility stock crashing, down 28% after warning that it could take 48 hours or more to restore electricity in northern california's wine country, where the kinkade fire has burned more than 66,000 acres. this as two new blazes near los angeles are forcing thousands from their homes, including nba all

and i'm told that the top pick right now for that job is tony saig, the current treasury department spokesman. some officials are opposing his hire and the president has not yet signed off on it, but it is clear that as house democrats move forward with this inquiry, as the information that we're learning from the testimony from current and former officials grows more and more damning by the day, that this white house is trying to take this much more seriously and trying to ramp up the defense and messaging operation here at the white house. back to you guys. >> jeremy, thank you for that reporting. let's talk about all of this with texas republican congressman lance gooden. he also serves on the house financial services committee. thank you for being here. you've had a big week, questioning of mark zuckerberg on facebook. we'll talk about that, but first what's going on now, sir. you have not been on this network since september 25th. you talked to chris cuomo right before the whistle-blower complaint was released, right before the white house transcript of that call with zelinsky in july wa

turkish minister says the us president has also given the green light to his treasury department to increasetariffs on to state imports also on the economic front the u.s. is canceling talks on a $1000000000.00 trade deal with trump says sanctions would include the blocking of property and barring entry of service officials into the u.s. . and u.s. allies president mike pence has spoken in the last hour about the sanctions he'll be heading to the region to discuss to his campaign in syria let me say the president could not have been more firm with president one today. the united states of america simply not going to tolerate. turkey's invasion of syria any further and we're calling on syria to stand down and end the violence and come to the negotiating table and that's the reason the president sending me to the region to make his intentions very clear and we're going to be looking we're going to be looking for turkey to take strong action in that regard well aside from this latest move by the u.s. there was a lot happening on the ground and syria is standing by for us on the turkey syria bor

the "washington post" said the person who tried to interfere was a political appointee at the treasury department. the whistleblower complaint was filed in july. the trump administration has dismissed that claim . >>> we are just days away from the start of fleet week in san francisco. coming up, the message from officials to keep everyone safe . >>> and what we now know about yesterday morning's deadly wrong-way crash on highway 101 were four people died. the latest on the victims and how caltrans is trying to prevent any more wrong-way drivers. >>> good morning. we do see that traffic is doing okay if you are driving on the bay bridge approach, it looks very nice and clear. we will tell you more about that coming up. >>> i'm tracking a warm-up for your bay area weekend. will check on current conditions and show you what to expect in the extended forecast coming up. >>> welcome back to mornings on 2. we are finding out more about the four people who tragically died yesterday morning when a wrong-way driver crashed into a taxi in san francisco. the chp said the wrong-way driver was impaired. rob

all his his treasury department you know prepare for it would also told north korea they should expect fire and theory about you know a few weeks later expressing you know how they fell in love so it is you know he does go a bit back and forth now but it is interesting with nato and you know states and nato versus nato because at the moment we have turkey wanting to self according to this emerging multiple of distribution of power which means they don't necessarily want to only align with with the u.s. or russia or or iran or china and all they want to have there be a little can you can you play their game with the other side they need to and that would be unique and i think nato would have to adapt a bit because nato threw out the bipolar and unipolarity nato us men to align with the united states and you know you're fall in line i think at the moment we're going to have to accept.

the treasury department, secretary mnuchin, whose career is starred by having been the campaign financector for the trump campaign, has done all he can, i think, to suppress this. i questioned him about it last march. the internal revenue service had an opinion within the service that shall means shall and these returns should be disclosed. he ignored that. the irs commissioner is the one who is commanded to release these records. he intervened in that. he said that -- when i questioned him, that he would protect the president and that's what he's been doing instead of protecting the public trust and the national interest in getting these returns. >> before i let you go, congressman, i need to ask you very quickly about the very big news this morning that emerged overnight. the president's decision as it relates to u.s. forces in syria. senator lindsay graham calls this a disaster in the making. he says he will introduce a senate resolution opposing and asking for reversal of this decision. congressman, will anybody in the house, have you heard, do the same on this? and where are you ab

image here is also dedicated front and center to a letter to stan lee from the united states treasury department 2, 1941. that is a week before pearl harbor. and let us see what it says. mr. stan lee, editor captain america comics, 330 west 32nd 42nd street, new york, new york. dear mr. lee, we welcome the opportunity of congratulating you on the patriotic thought behind your new adventure comic strip, ronnie holt, u.s. defense agent. remember, ronnie cole is the civilian identity of the secret stamp. you can't forget that. we like the idea very much. and believe such a strip will be effective in connection with the plan promoted by newspaper publishers now reaching national proportion, to sell defense saving stamps through approximately 500,000 loyal, young american newsboys from maine to california. sincerely yours, director defense saving stamps, treasuring department, washington, dc. wow. this guy got the government attention. take the opportunity to buy some of these. these are on kindle and ibooks. you can get a lot of golden age comics for just one dollar just by reading these. it is not

the treasury department reports the federal deficit soars to $984 billion. that's the highest level in seven years. >>> we turn to the tributes and the celebration of elijah cummings. former presidents obama and clinton, secretary clinton paying tribute. and what we didn't know about his final months. >>> they lined up, a community, a nation there to celebrate the life of elijah cummings. in baltimore pallbearers carrying the casket. secretary clinton evoking congressman cummings bib call name elijah. >> like the pro fet, our elijah could call down the fires from heaven. he also prayed and worked for healing. he weathered storms and earthquakes but never lost his faith. >> reporter: former president bill clinton too. >> i loved this man. i loved every minute i ever spent with him, every conversation we ever had. i loved his booming voice. we should hear him now in the quiet times at night and in the morning and when we need courage. >> reporter: former president obama on congressman cummings and his character. >> there's nothing weak about kindness and compa

president trump and he has authorized and will be signing a new executive order giving the treasury department in consultation with himself and secretary pompei o very significant new sanctions authorities that can be targeted for any person associated with the government of turkey any portion of the government. c.c.t.v. footage of a camp holding tens of thousands of family members of i s militants shows an apparent escape attempt the camp is controlled by kurdish forces they said the situation there is critical turkey is defiant demanding loyalty from its nato allies. it's our most natural and legal expectation that our allies show solidarity that as per the principle of the indivisibility of euro atlantic security it is not enough to say we understand turkey's concerns we want to see the solidarity very clear that. it should go to because just now civilians who once fled the so-called islamic state are again desperately seeking safety as yet another humanitarian crisis looms in syria. would be w correspondent julie han is following the turkish offensive against the kurds and she sent this up

accord to the treasury department the federal deficit rose 2 t 9 billion-dollar in fisktle 2019 that's highest in seven years. easury secretary steven mnuchin called on lawmakerso help the administration cut spending. >>> consumer sentiment dipped slightly in october. according tthe latest university of michiganerurvey. ans are more worried about the economy now than a year ago but they did remain fairly optimistic when it comes to their job situation and financial health. econom ts watts watch sentiment inditors coastly because in theory the more optimistic the more consumers spend. and spending makes up a large portion of economic activity. >>> dow component verizon topped analt profits and revenue estimates. the largest wireless carrier in the u.s. attracted more customers with less expensive unlimited data plans, and expanded the s 5gvices to four new cities now totalling 15 in alet despite ther thanxpected results though the stock fell a fraction in today's trading session. >>> it'sime to lookt some of toy's upgrades and downgrades. dick's sporting goods upgraded to buy from neutr

the treasury department plans on weakening regulations to stop corporate tax avoidance, to prevent u.ss from moving profits offshore. the treasury says the regulations are no longer necessary because of the tax law enacted under president trump. the had been implemented in final months of the obama administration. global news 24 hours a day on air and at tictoc on twitter powered by more than 2700 journalists and analysts in over than 120 countries. caroline: thank you. longer be theno deadline for brexit, but there is still plenty of fright. these are the scariest charts for investors. countries have been ramping up investment spending, but u.k. firms have been paralyzed. now u.k. business investment trails pierced by 10%. the headline index of real estate prices remains negative. the number of homes put up for sale the lowest since june 2016, complete stagnation. the scariest of them all, the ghost of deals past. reach for other deals. to more decades of trying hatch a deal with the eu for many is a scary story. joe: for more insight in the u.k., we are joined by a professor of polit

the treasury department has no plans to limit stocks in china at this time.eports the government was considering that idea rattled stocks on friday. today's watch list, reports on manufacturing, construction spending and auto sales. >>> americans are apparently in a buying mood. the annual holiday survey says most consumers expect to spend as much or more than last year with many turning to physical stores for inspiration, expected to spend an average of $637 with men spend being 15% more than women. gift cards clothing and footwear top the list of planned purchases. >>> amazon is in talks to license a technology that powers its cashierless stores to other retailer. sources tell cnbc possibilities include movie theaters, mini martz and airports and concession stands at sports stadiums. amazon believes it can install the technology in as little as two weeks and have hundreds of scores using the scan and go checkout by next year. it could give amazon another source of revenue without having to build an entire store. back to you. >> interesting. >> who do you go

the treasury department and the i.r.s. have correctly determined that these work-arounds are contrary to the federal tax law and have issued sensible regulations that clarify this tax treatment. in doing so, they applied long-standing tax principles that deny a charity deduction to the extent the taxpayer receives something of value in return for their charitable donation. it's simple common sense. charity is, by definition, something done out of the goodness of your heart, without expecting or getting something in return. that's certainly not the case for these work-arounds. there's no charity involved. in fact, once taken into account, both the state tax credit and the charitable deduction at the federal level, a taxpayer could actually receive a tax benefit that exceeds the dollar value of their so-called donation. that's not charity. that's a tax scam. some have attempted to justify this tax scam by pointing out to state tax credit programs that existed prior to the existence of the salt cap. but unlike the recently en

housing market as profit making and there are growing concerns right now that the trump treasury department has announced that they will allow fannie and freddie to keep more of their profits so walk us through this new policy and what this means for the housing finance department and the u.s. . well what it's going to mean is that there's going to be more i believe a perceived difficulty in the financial market with the obligations pertaining to freddie mae and fannie mack and the situation is they also issue bonds they also issue other types of securities which are bought by large institutions and investors and they've always enjoyed a certain guarantee by the fact that they were issued by. a federal agency or a federal agency that was at least simply. that lee associated with the government when you start removing that and start privatizing it then what's going to happen is the rating agencies such as moody's and s. and p. will come in and basically rate these obligations based on their overall credit worthiness and if we see a decline in that then we're going to see a decline in their o

well trumps rhetoric and also be a bit cautious with similar well he has told his his treasury department you know prepare for it but also told north korea they should expect theory about you know a few weeks later expressing you know how they fell in love so it is you know it does go a bit back and forth now but it is interesting with nato united states and nato. nato because at the moment we have turkey wanting to as a representation itself according to this emerging multiple of distribution of power which means they don't necessarily want to only align with with the u.s. or russia or iran or china and when they want to have that be a little can you can you play that game with the need to announce it would be that would be unique and i think.

greenlight has treasury department to increase tariffs on turkish state and polls also on the economic front the u.s. is canceling talks on a $1000000000.00 trade deal with ankara trops the sanctions will include the blocking of property and barring entry of turkish officials into the u.s. well u.s. vice president mike pence has spoken in the last couple of hours about the sanctions he'll be heading to the region to discuss to his campaign in syria let me say the president could not have been more firm with president here and want to that. the united states of america simply not going to tolerate. turkey's invasion of syria any further and we're calling on syria to stand down and end the violence and come to the negotiating table and that's the reason the president sending me to the region to make his intentions very clear and we're going to be looking we're going to be looking for turkey to take strong action in that regard let's get more on this our correspondent is joining us live from washington d.c. and strong statements heidi not just from the vice president this evening but from

well trumps rhetoric we should always be a bit cautious with you similar well he's told his treasury department you know prepare for it we're also told north korea they should expect fire and theory about you know a few weeks later expressing you know how they fell in love so it is you know he does go a bit back and forth now but it is interesting with nato you know states. versus nato because at the moment we have turkey wanting to self according to this emerging distribution of power which means don't necessarily want to only align with with the u.s. or russia or or iran or china and when they want to be a little can you can you play their game with the other side they need to and that would be unique and i think nato would have to adapt a bit because. throughout the bipolar and you know polar air to us meant to align with the united states you know you're fall in line i think at the moment we're going to have to accept a bit more deviations because turkey will it demands to pursue its turkey 1st so there's a national interest in things to me like a little bit pregnant it's not going to. part