so this could be the way to get to me through the treasury department. so how do i keep me away from the treasury department or away from the chinese hackers? right. it's those third party apps, the things that we download onto our phone, whether from a text message that seems innocuous or even an app we don't know when we download an app or use an outside piece of software if it's able to prevent a hacker from getting in, and if it gets in through an app, it can get in through our devices. so the best way is really don't go into anything or download anything unless you trust it and have some idea maybe that it's a major company with some major security, which is really hard because in the holidays, you know, a lot of times you're looking for stuff online and it might be like kind of through another offbeat company and you think, i'm going to get it from there instead ofomething that you might trust, like let's say anthropologie, which is a big company which could also be at ri, but more of something like this niche type of store that you look at. is tha

a treasury department spokesperson said it has taken the service offline, adding in a statement that there is no evidence indicating the threat actor has continued access to treasury information. the breach follows a slew of chinese-linked cyber attack, including a hacking campaign by a group nicknamed salt typhoon. hackers targeted at least eight u.s. telecommunications companies, according to u.s. officials, spying on the phone conversations and text messages of more than 100 senior government officials. and officials from both the fbi and cisa are now working to measure the impact of the treasury incident. a chinese embassy spokesperson called the disclosure a smear attack. nicole sganga, cbs news, washington. >> all right, thanks, nicole. >>> well, when the new congress convenes on friday, republicans will be in control of both the house and the senate. but that's no guarantee of harmony on capitol hill. there is still a potential battle over who will be speaker of the house, something president-elect donald trump is hoping to avoid. cbs' erica brown reports from washington. >> re

you have operated within the white house in the treasury department.ariffs on certain country straightaway? which is what we were all anticipating.— anticipating. every first is straightaway _ anticipating. every first is straightaway for - anticipating. every first is straightaway for a - anticipating. every first is straightaway for a lot - anticipating. every first is straightaway for a lot of l straightaway for a lot of people. —— february one. companies need a heads up in terms of getting ready for the tariffs. president trump is regarded as fairly market friendly, business friendly. he pays attention to the markets and realises companies need a little bit of heads up on when they will actually have to start paying a bit tariffs. february one is pretty fast. figs february one is pretty fast. as ou sa , february one is pretty fast. as you say, companies need time to take consideration as to finance minister as cetera. what are you expecting the president to impose when it comes to tariffs? been fairly clear for mexico comes to tariffs? been fairly c

treasury department should do.some of our interview. >> in america, you know, billionaires have more influence on society than in britain. there's no question about that. musk is a very powerful figure but i also think he's a hero and if you think back to the last election where the hunter biden laptop was there, the evidence was clear of criminality, the evidence -- all sorts of things were there that deserved to be in the public domain, especially his father's relationship -- >> that's a separate issue. >> it isn't. all the social media channels forbade any conversation about that subject, the americans had an election with no debate on this issue. musk has bought twitter and free speech is coming back to america and the rest -- the western world. so he's a force for good in terms of open democratic argument. when it comes to power influence i think the important thing is he must not be seen himself to be dictating what the treasury department do and that is important. >> a lot of people would disagree with the p

treasury department and. liz: specifics on this particular incident for the president has been briefed and we are closely tracking. >> an audible question. >> i would have to refer you to the treasury department on that. >> the social security tax? >> he will sign the fairness act upcoming days and once we have that, we will share that. >> understanding it could be signed today. >> i can say to you president will sign it, i can't speak to the specifics of what you laid out, i know the president is looking forward to signing that. >> may likely steel mills. >> i can say we are confident domestic steel and they will thrive because of the work he's done and commitment he has had. this is the strongest -- the steel industry is the strongest it's been in years because of what the president has been able toes do and you think about manufacturing investment, paris and chinese imports, that has made industry longer. the actions the president has taken, using more than 100 new deal and iron mills have opened since the

not being clear that joe biden and treasury department can ensure that every moment that the fault is not an option. when we talk about the timely payment of every government grant and contract, that is different than default. that's what the definition has been in the debate has been. as result i think they're being swayed and it also think they are somewhat politicized. they know what's it's go. to the extent they have an opportunity to lean on the scales from the financial communities perspective they are doing. >> host: mentioned carley at the center for renewing america, america renewing.com, previous to the budget director of the white house of 2020-2021 in the trump administration. what was your view of the debt ceiling when you were budget director at omb before that? >> guest: that limits our number to the to talk about the fiscal health of the nation. when you are in the executive branch and dealing with the minority it's an opportunity for the other side to roll back your entire agenda. i've always believed that limits our mission-critical to be able to hit the red button f

senior research fellow with the mercatus center and former deputy assistant secretary at the treasury departmentonomy. the us economy is in a good spot. unemployment is still, you know, relatively low. inflation, though, is stubbornly not coming down as quickly and as easily as the fed had hoped for. so he's got, you know, a couple headwinds coming in. he's got the tailwind in terms of, you know, good economy, but then he's got the headwinds of the stubborn inflation. if you could give me your thoughts, christine, because, you know, you have operated within the white house, etc, in the treasury department. why did he not slap tariffs on certain countries straightaway, which is what we were all anticipating? well, i mean, straightaway, february 1st is, you know, fairly straightaway for a lot of people. remember, i mean, companies do need, you know, a bit of a heads up in terms of, you know, just getting ready for the tariffs. you know, this president, president trump, is regarded as fairly market friendly, business friendly. and he pays attention to the markets. he pays attention to the bond mark

thoughts, christine, because, you know, you have operated within the white house, etc, in the treasury departmentot slap tariffs on certain countries straightaway, which is what we were all anticipating? well, i mean, straightaway, february 1st is, you know, fairly straightaway for a lot of people. remember, i mean, companies do need, you know, a bit of a heads up on in terms of, you know, just getting ready for the tariffs. you know, this president, president trump, is regarded as fairly market friendly, business friendly. and he pays attention to the markets. he pays attention to the bond markets. and he realises, you know, companies do need a little bit of heads up on, you know, when they're going to actually have to start paying the tariffs. so, you know, february 1st is pretty, you know, pretty fast. you know, even considering that. 0k. but as you say, companies need time to take consideration, as do finance ministers, etc. what are you expecting, the president to impose when it comes to tariffs? he's been fairly clear for mexico and canada, 25% on all goods going into the us. and what impac

that is the treasury department. they went to court to argue your that taxpayers who take this position are violating the law. i believe it is a big conflict of interest if the nominee is confirmed. either he and his lawyers take the position that treasury policy does not apply to the treasury secretary, or he blesses a loophole that lets wall street titans blow off their fair share of medicare taxes. this is exactly the kind of abusive scheme which leaves americans feeling disgusted with the tax code. they feel it every spring when they file their taxes through big software companies as well. it is absurd that americans get charged huge amounts of money to file their taxes every year. that is why a number of us in this room were hard to create the new direct file program with resources from the inflation reduction act and the biden administration. it is a free option that allows taxpayers to file returns directly with the irs. no software middlemen picking the pockets or harvesting the data. it launched last year to

and frankly the treasury department can't print money fast enough to keep up with congress's wishes.ut not everyone has followed this path. for those who don't know, south dakota is the only state in america that never ordered a single business or church to close. [cheers and applause] we never instituted a shelter-in-place order. we never mandated that people wear masks. [applause] we never even define what an essential business is, because i don't believe the governors have the authority to tell you that your business is not essential. [applause] now, south dakota schools are no different than schools everywhere else in america, but we approached the pandemic differently. from the earliest days of the pandemic, our priority was the students, their well-being, and their education. when it was time to go back to school in the fall, we put our kids in the classroom. teachers -- [applause] administrators, parents, and the students themselves were of one mind, to make things work for our children. and the best way to do that was in the classroom. [applause] now in south dakota, i provid

treasury department, fbi, would lead to specifics on this incident. the president has been briefed and we are closely tracking. >> any information? >> i would have to refer each of the treasury department on that the fbi is investigating. >> he will sign the social security fairness act in the upcoming days, once we have that information we will share it wih you on that particular day. >> understanding. >> i can say to the president is going to sign it. i cannot speak to the specifics of what he just laid out. i know the presence looking for to signing them. >> u.s. steel has warned it may or likely have to close if the deal fellal through. to what degree did the president take that into consideration? >> i can say this we are confident the president is confident domestic steel in domestic steelworkers are going to continue to thrive because of the work he has done because of the commitment he has had to this industry. like i said at the top, this is the strongest. the steel industry is the strongest it has been in years because of what the president

treasury department, the u.s.y accusing chinese hackers of remotely accessing workstations and unclassified documents, gaining access through a third party software provider. meanwhile, that incident comes as u.s. officials continue to grapple with a separate fallout of a massive chinese cyber espionage campaign known as salt typhoon. that campaign gave officials in beijing access to private texts and phone conversations of an unknown number of americans. the u.s. is investigating the most recent event as a major cybersecurity incident, and it's not the only 1 or 2 that we've seen this year, as cyber attacks in various forms continue. in fact, 2024 is projected to finish as the worst year on record for ransomware attacks. >> and concerns are growing about 2025. for more, let's bring in james tergel, the vp of cyber risk and strategy at optiv. let's talk more about the threats, the trends and how everyone can protect themselves. appreciate the time, james. we'll talk about that treasury attack a little more detail

treasury department and the fbi. they can speak to specifics on this particular incident, but the president has been briefed and we are closely tracking it. >> is there any information? >> we would have to refer you to the treasury department on that and the fbi, as you know, is investigating it >> he will sign the social security fairness act in the upcoming days. once we have that information, we will share it with you. >> can you clarify it? will he signed it today? >> i can say to you the president is going to sign it. i cannot speak to the specifics of what you just laid out. you know the president is looking forward to signing back. >> u.s. steel has warned it may likely have to close steel mills if the deal falls through . to the president take that into consideration? >> i can say this. we are confident, the president is confident, that domestic steel and domestic steelworkers are going to continue to thrive because of the work he has done, because of the commitment he has had to this industry. i said at the

[inaudible] >> i would have to refer to the treasury department and the fbi as you know is investigating >. >> have there been signsof the social security fairness act? >> he will sign the social security fairness act in the coming days and once we have that information we will share it with you on that particular day . >> they are saying he would sign it by noon today. [inaudible] >> i can say yothe president is going to sign it, i can't the specifics of what you laid out, i know the president is looking forward to signing it . >> us steel has warned it likely would have to close deal mills if the deal fell through. to what degree does the president take that into consideration? >> i can say this, the president is confident that domestic steel and the steelworkers will continue to thrive because of the work that he's done, because of the commitment he has had to this industry . as i said at the top this is the strongest , it is, the steel industry is the strongest it has been in years because of what the president has been able to do and if you think about manufacturing investment, tari

ben harris used to work at the us treasury department and helped us to break down the numbers. think the fed will not cut in march, the probability of a cut is about 28% but there is a fair amount of data that will come in between now and then. in particular on the labour side we will have to see whether or not we will get a strong reading like we did last friday. we saw an unexpectedly hot reading when it came to payroll and unemployment falling to 4.1%. the fed is in a wait—and—see mode. we need to see what will happen with the labour market but today's information is unequivocally good news. information is unequivocally good new-— information is unequivocally aood news. ~ . ., good news. what about the fed auoin good news. what about the fed going forward — good news. what about the fed going forward for— good news. what about the fed going forward for 2025? - good news. what about the fed going forward for 2025? i - good news. what about the fed going forward for 2025? i think| going forward for 2025? i think the fed is _ going forward for 2025? i think the fed is watching

ben harris used to work at the us treasury department helped us to bring down the numbers.hink that the fed will not go in march, it's around 28% but there is a fair amount of data they will come in between now and then in particular on the labor side will have to see whether or not we will get another strong reading like we got last friday. we saw an unexpectedly hot print when it came to payrolls and also unemployment following 4.1% so the fed is in a wait and see mode and see what happens with the labor market but today's information is unequivocally good news. what about the fed going forward for 2025? for 2025, the fed is watching the trump administration, the expectation now is one to two cuts. if we have a very tight labor market moving forward or if we have an inflationary tarrif policy, the fed will continue to pause, it's unlikely that the fed will begin hiking but the fed needs to see conclusive data, both with respect needs to see conclusive data, both with respect to the labour market and with respect to inflation before it will feel confident by cutting by mor

cheryl: well, obviously with the hack of the treasury department and then in particular this office, know, we're looking at hundreds of millions of dollars to upgrade the cyber security systems for these government agencies and maybe now is the time that money gets allocated. i want to ask you about this too. xi jinping also says china's gdp growth expected to hit 5% for all of 2024. he says the economy there was overall a stable and progressing amid stability in 2024. do you buy that? >> i certainly don't buy that. i mean, we are seeing record outflows of cash both legal and illegal and that is a real indication that the chinese people don't have confidence in their economy. if it was growing at 5%, they certainly would. just to look at some numbers recently, we just learned in the last few hours that chinese box office receipts were down 23% last year. that shows consumption is failing. consumption is supposed to be the major part of the chinese economy and yet it's not doing well. that's a real indication. you know, if you go back to 2023 when china said it grew 5.2%, independent

and a um, also the, the, the, the, some of the kind of sections in syria so that the department of treasury is saying that the aim for the action is to make sure that the us sanctions imposed on syria will not seen the flow of the mediterranean a such a energy, electricity of food, water, product or sanitation. and also that is not interrupting the governance functions of the need administration in city about depth department of the tragedy is not in that these are position is just for 6 months as the us and vision is going to continue. i'm wanting to registration on the ground, so that means that 6 months later, the us government is going to, we assess whether to continue with the sections or to expand the sections leave. so they say that it depends on the performance of the move in this vision in damascus . and also the authorization saying that us, why the government seeing that this authorization does not on the log the property of any beloved or section person, including the south comedy assad associates the central government of syria or the h d. s. if ever shown, which is now the dom

kamala harris used to work at the us treasury department said to break down the numbers. _ break down the numbers. markets are still think that _ break down the numbers. markets are still think that the _ break down the numbers. markets are still think that the fed - are still think that the fed will not go in march, it's around 28% but there is a fair amount of data they will come in between now and then in particular on the labor side will have to see whether or not we will get another strong reading that we got last friday. we saw an unexpectedly hot print when it came to payrolls and also unemployment following a.i% so the fed is in a wait and see mode and you can see what happens with the labor market but today's information is unequivocally good news. what about the fed going forward for 2025? for what about the fed going forward for 2025? for 2025, the fed is watching _ forward for 2025? for 2025, the fed is watching the _ forward for 2025? for 2025, the fed is watching the proper - fed is watching the proper administration, the expectation now is one — two cuts, i

the treasury department releasing a report just yesterday that found costs rose by almost 9.%.he reason the report says climate related natural disaster. elise greenspan follows the insurance injury for wells fargo. welcome to the show. welcome to "fast money." you're at 30 for insured losses and it could go up to 40. >> yeah, we have set expectations around 30 billion of insured losses with the expectation that things could rise to 40 billion, and to your earlier point, this is a loss that's really going to fall on the personal property side. so really hit, you know, homeowners insurers, we expect around 85% of that, you know, 30 to perhaps $40 billion loss will fall on the homeowners side with a much smaller percentage on commercial property. >> we had a stat in our intro about insurance costs rising. itst it's actually they rose 9% more than the pace of inflation. that's extremely steep, and sounds like they're only going to go higher. is there a point at which you're afraid the industry is going to fall under scrutiny? that is one of the big drivers of inflation, in terms o

treasury department leaders. they say roughly 100 government computers were compromised, they were accessing unclassified material, that's what the treasury department had said, but that it was specifically some senior leaders computers. they're not saying who, but hey're saying that hackers were able to access drafts and notes for policy decision s and trave planning documents, as well as internal communications that they're still trying to decide, trying to figure out exactly what was taken, but that once again it was all unclassified. this goes a little bit further than what we already know about this hack, it follows "the washington post" reporting that it was the sanctions office specifically, as well as the secretary's office that had been targeted and breached in this hack, so, more to come. just today, congressional republicans have been asking for a briefing ing and the treasur department says they will be debriefing. hill that's something to watch next week. more details coming up on that. tiler? >> meg

amna: there's sanctions from the treasury department against the rsf leader.bout what the intended impact is there. is this someone who has business investments or any kind of business deals with u.s. financial institutions? amb. van schaack: he has a huge network is able to rely upon, including a number of uae-based corporations that are not only financing his activities but procuring weapons for the rsf. these entities and wealthy individuals are participating in international markets, including the golden oil markets. to be able to sanction these individuals, makes it much more difficult to tap into those financial networks. individuals who would want to transact business with those individuals or entities themselves may be subject to sanctions. it helps to contain outside forces that might be fueling the violence in sudan. amna: i understand reaching a declaration like this takes months of work. genocide is a very specific definition under the u.n. convention. the bar here seems to be expressed intent to kill, the targeting of a specific group, mass target

florida state senate, is a white house fellow and bill clinton and bush administrations at the treasury department and is known ms. bondi k since 2010 when he ran to be the attorney general position and ms. bondi obviously she one and notwithstanding, the political differences ms. bonnie appointed it mr. ehrenberg to be her drugs are into combat the opioid epidemic. network, he came to know her very well as i can lincoln we have mr. nicholas cox is florida's longest-serving statewide prosecutor. he has served in that role since 2011 and in use capacity a statewide prosecutor, mr. cox focuses on cases involving human trafficking drug abuse fraud organized crime, gang violence, crimes and crimes against seniors and mr. cox also previously served whom a member of the faculty at stetson college. the university college of law where he taught advocacy and consumer law, negotiations criminal procedures and mr. cox has extensively experienced observing ms. bondi's work as a laurier and administrator printed ms. bonnie began her career as an intern in his office while serving as attorney general, she appoi

treasury department levied sanctions on rsf leader mohamed hamdan, also known as hemedti, plus sevened in the united arab emirates. the rsf stems from the government-backed janjaweed militias, a largely arab force that brutally crushed an uprising of non-arabs in the 2000s, killing hundreds of thousands of people. in 2004, the u.s. declared that war in darfur a genocide. years later, a 2020 peace agreement was quickly undone by a coup and subsequent fighting the following year, and, by 2023 a full-blown civil war, as the rsf fight the sudanese military for control of the country. the war has accelerated an already dire humanitarian crisis. millions of sudanese are short on food, water, and electricity, and the medical system is on the verge of collapse. the u.s. envoy for sudan, tom perriello, says some estimates suggest close to 150,000 people have been killed as a result of the conflict. for more, we turn to beth van schaack, u.s. ambassador at large for global criminal justice. welcome to the "news hour.” >> thank you for having me. amna: so, secretary blinken noted that, back in

treasury department issued more sanctions on russia. now let's talk about single stock movers. first, macy's. the stock is down after the company boosted -- posted disappointing outlook for sales for this current quarter. the stock is currently down by 7%. this is the lowest, the biggest drop since august. a big day for retailers overall. stocks like lululemon and shake shack as well. johnson & johnson, the stock is moving slightly higher after the pharmaceutical giant agreed to by a company that develops treatments for brain disorders, but the stock itself is up by more than 35%. in the deal is expected to be closed later this year. sonali: certainly good news when you have investors liking deals that are being announced and you have the prior stock price also on the rise. some are expecting the pace of mergers and acquisitions to keep increasing. >> every company that has product from mexico, china, asia, which is almost every company in some sense, they are trying to figure out what is going to happen. phase could become prohibitively expensive, so people are looking at it a

treasury department.re are multiple dimensions to consider as we ought to think about national security in the united states. jonathan: and it focuses cap -- lisa: it focuses the efforts on the efficacy of government agencies and goes to the heart of the promises of president-elect trump. jonathan: coming up, dan ives of wedbush and what he sees as the top 10 tech winners for the alley revolution. that conversation is right around the corner. ♪ jonathan: equity market curve bouncing back from four days of losses. buyer .6%. a lot of people will talk about the big yearly return. it is a monster your return of more than 20% following in more than 20% return the year before. we should also reflect on how week december was. the s&p down more than 2%, the worst month for the s&p since april. on the russell we were down 8% on the small caps and that is the worst month back to 2022. lisa: which raises the question of whether we see tech leadership as the ongoing dominance in this market, the idea use on a per 4%

treasury department released the report today showing that between october and december of 2024, theget deficit was about $700 billion, 200 billion more than it was in 2023. the report says rising costs, increased spending and declining tax revenue for that deficit increase. the national debt, by the way, has now surpassed $36 trillion. however, markets were mixed across the major indexes today because of a key inflation report came in lighter than expected. the dow jumped 221. the s&p went up by six, but the tech heavy nasdaq dropped 43 points. a special celebration for lunar new year with a new stamp. it's the snake stamp and it was unveiled today in boston. it features a snake, flowers and paper lanterns. dancers were also on hand to perform a traditional chine dragon dance. those born in the year of the snake, the sixth sign of the chinese zodiac, are said to be quiet, wise and deep thinking. who do we know? my cousin is a snake. okay, but now everybody knows her age because i'm a rat. and you can figure it out. do the math. i know every 12 years, so. okay. don't forget, you can

iran and russia, but it's not one they would walk on the eve of the holiday season in the us treasury department. and i was fresh sanctions target each one and moscow, alleging their involvement in influencing the 2024 us collection that moves targets a subsidiary of their wants is long term solution bar score and their mass code base affiliates of the russian main intelligence directors known as the refrigerator claims that these organizations work, of course engaged in a dis, information campaigns and that so in this course, come on the american electro right. so the new sanctions would freeze any assets of the targeted groups and individuals may have in the us. and they also prevent us based entities from doing business with them. as we read the statement published on a fax official website, it initially appears to present an authentic accounts of alleged interference by russia i want in american democratic processes. however, as we take a closer look, it turns out to be a lengthy accusation letter, the blacks concrete evidence to substantiate these claims to be with. how does that habit of u

treasury department.s is on top of the major cyberespionage against nine telecom companies against hacking of u.s. infrastructure that incoming national security adviser mike waltz said was planting cyber time bombs in u.s. infrastructure. how much of a trump card is this? i mean, can the u.s. expel china from these systems and get control? >> so i mean, let's start with what we know. china has been absolutely predatory in just about every dimension. they've stolen our ip, our intel y -- intellectual property, and absolutely predatory. i happen to believe if the chairman agrees with me on this, but they believe they can operate inside our networks without consequence, and that needs to change immediately. they need to understand that we're as good at this stuff as they are, and if they get into our networks and start planning land mines, we'll do things to them to establish deterrence. you have to acknowledge that china does, and the u.s. do about $800 billion in trade bark and forth, right? if you snap y

the treasury department committee faileded to agree on whether nippon ownership posed a security riskked biden for a final decision. in the end, biden said, shifting the firm out of america's hands would undermine critical supply chains and put jobs at risk. dub nation, meanwhile, is dealing with some injury news. the warriors just learned that their young star, jonathan kuminga, will miss the rest of january with a high ankle sprain. last night they played the second back to back game at chase center and they came out flat against the kings, rallying or rather falli behind by 15 points after just one quarter. by the fourth quarter, the kings were in complete control and won by 30. afterwards, steph curry admitted there is something missing right now. nobody likes to get embarrassed like that, especially the way we started the first quarter. i don't want to overreact to it, but you also have to address, you know, the execution that, you know, we didn't we didn't do by no means is it time to panic, though the warriors are still one game above 500, with the miami heat coming into town t

cancellation of 16 gei a's for accessibility contracts for the department of labor, transportation, agriculture, commerce, hhs and treasuryn the department has pledged to cut tutoring and others in waste. i think they have a long way to go they officially put out the help wanted ad on x they said were looking for world-class talent to work long hours, identifying, eliminating waste, fraud and abuse, these are full-time salary positions in the heavenly to apply. stuart: thank you, lou basenese is with me. is doge already effective. >> lo and behold everyone doubted we need to come out with a companion to the debt clock going up and showing our national debt into savings clock this'll be a scoreboard to keep track of what elon musk and company could do that no one thought was possible there is so much waste that can be eliminated and approving it in the first 80 hours half a billion dollars. >> the di federal office that is low hanging fruit. >> we're going to be surprised how much low hanging fruit there is there is a lot of in government and coming out of the financial world sec a ton of waste that needs to be addr addres

he's the administration's pick to run the treasury department.ebated with some democratic senators over mr. trump's plan to raise tariffs on imports. he insisted the cost would not be passed on to american consumers. but that's not a popular belief. >> these tariffs, you can call it whatever you want. and in terms of trying to gussy it up, they're going to be paid for by our workers and small businesses. >> senator, i would respectfully disagree. and the history of tariffs and tariff theory, optimal tariff theory does not support what you're saying. >> some democrats signaled support for a few of the cabinet nominees. the senate could confirm marco rubio as secretary of state and john ratcliffe as cia director as early as monday night. >> our time now. 736 president elect trump says he's putting together a team of celebrities to help him make hollywood, quote, bigger, better and stronger. now he's already named actors mel gibson, jon voight and sylvester stallone as special ambassadors. he says they'll be his eyes and ears. in the hollywood produ

still holds the black label by washington of the treasury department's exemption, as by the last 6 months with a possible extensions of head. then you will hard, he's in damascus. however, one old, the sanctions fully lifted. when we were talking with political, political commentator, informing us trade representative, director of inside governmental affairs, steve gill, a, he says the by the ministration with just weeks left impala wants to. so close around the world, but take it literally in syria. so i think it'll be interesting to see if this relaxation of sanctions against syria continues with a new administration. this taking power in less than 2 weeks. the violent ministration seems committed to doing every thing they can to create chaos and carnage and the world in the remaining weeks that they have in power. but there is a new day coming and we'll see if the trump administration will also be, is willing to support and, and fund the terrorist in syria who's taken over, you know, when you have the same folks who are advocating the terrorism, that is the only place syria that has be

kind of move the, the kind of as a financial oversight to department of education over to the treasury department. is that what's going to hurt is not just the students themselves who are relying on government subsidies for their education. but also the federal government is the largest supplier of research funds that allows professors researchers like myself to be able to learn more about your world phenomenon. and what that does is it leads to things like health care innovations that we think by policy and in innovation as well as pag innovations. all the things that trumps it wants to make america great at again to do the funding to back it up have it doesn't have a lot of emphasis in this administration on the tech sector, as in the james coming back to you know, whether it's culture was whether it's integration from where you're sitting and in brussels, and interestingly, you know how gary in 5 minutes to victor alba and he didn't attend the integration, but he did tweeze on x. he announced and offensive to what he said occupied. the european parliament followed him, transferred to the white

the us treasury department has announced it will temporarily ease some sanctions on syria. the 6 month for free will focus on the delivery of humanitarian aid and the provision of essential services such as electricity and water. but functions on the government, the central bank and financial transfers will remain in place. the lifting of sanctions has been a key demand of the new server and administration. the country's foreign minister who is on a tour of the middle east of the drum up support, has repeatedly said that the sanctions of humming the syrian people. will the tradesman step my honey law son says food and fuel are running out. he's wound, the country only has a few months of supply left and is struggling under the weight of the ongoing sanctions. he says, series of faces, a catastrophe if functions are not listed. so we're going to move to open up the country. syria is due, administration has lifted internet bands, imposed by the former regime, restrictions were put on the internet access speed on connection by the side regime . the communications minister says

the treasury department officially lifted the sanctions on at least 30 is really circular groups and entities are decision comes just days off. the donald trump signed an executive order to reverse the restrictions imposed june j. bivens. presidency. post in administer of foreign affairs, says trumps decision. with encourage extreme settlers to commit more crimes. the hold on trump is only supposed domestic trip since the stone to the 2nd time is us precedent. he set to visit lasandra these which has been ravaged by wild fires. but before that he stopped in north carolina by thousands of still recovering from a hurricane. speaking with the fishes in asheville, president trump says he wants to overall how the federal emergency management agency responds to disasters the size is open to eliminating it completely. will also be selling the executive. busy to begin the process of fundamentally reforming and overall in fema or maybe getting rid of fame, i think frankly, fame is not good. i think when you have a problem like this, i think you want to go and whether it's a democrat or republ

it is literally the treasury department doing quantitative easing and i will admit it's temporary, but when that money comes into the treasury account into the u.s. financial system, it brings down bond yields. it brings down the dollar. so the entire macro trade post-election of higher bond yields and stronger dollar, begins to reverse and that's yet combination of the trump agenda basically being priced in lost his liquidity bazooka will reach a market rotation in the end of march and you're talking about $3 billion of liquidity. if trump puts a tariff on china is 50 billion per year. the scale is so much bigger. >> it's a great point. >> it is so important to different companies in the macro environment, but the liquidity is much bigger. >> just to assume my ssumptions are correct and there are 651 billion right now. when you say they'll run down the buffer or your assumptions on how long this can play out. >> net liquidity which includes the fed balance sheet is what matters for bond yields and it's the combination of those and the fed balance sheet is protracting. they track feder

led the white house council of economic advisors, the federal reserve, and most recently the treasury departmentetary yellen: than thank you. >> stephen: secretary yellen, good to see you again. are you ready for this? i'm bringing out hot and hard. on monday will be the dramatic conclusion of the biden administration with a bit of a twist ending. are you sad to leave? are you ready to relax? what are you going to do? >> secretary yellen: it's bittersweet. i have a wonderful team. we have worked so well together. i'm going to really miss them. we will all miss one another. but we feel proud of what we've been able to accomplish. recently the economists of the u.s. economy is the envy of the world. [applause] is firing on all cylinders. >> stephen: why do you think -- this past election made it clear that 49.9% of american voters don't agree with you or don't agree with the economist and that the economy was, according to polling, one of the biggest reasons why people put donald trump back into office. why do you think that message about the good economy, as you say, the best economy in the world

specifically, this bill reduces the withholding of taxes and lays the groundwork for the treasury department to finalize the details of a permanent arrangement based on the model income tax treaty that we have can with scores -- that we have with scores of other countries. to mitigate double taxation, prevent abuse, allow for resolution, and exchange key tax information that will help revenue authorities in both jurisdictions. this bill will ensure that our nation can take full advantage of the historic investments that we've made under the biden-harris administration, like the bipartisan chips and science act. because of that law, new chip fabs are under construction in places like ohio and operational and producing chips in arizona. but these factories are enormously complicated and expensive and even with the billions of dollars in investments from the department of commerce, the math simply might not pencil out for a project if the company will be subject to double taxation as soon as they turn a profit. so for mange chip companies to -- major chip companies to small businesses in southe