the american company chevron received a license from the us department of the treasury allowing it tore activities. this news put pressure on oil quotes and from the maximum in the session. in the evening. they went down quite sharply from 115.5 to almost 111 already at night, won back most of the losses after the release of statistics from the american petroleum institute, stocks of raw materials in the us unexpectedly decreased over the week. moreover, immediately by 2.5 million barrels of gasoline, its indicator all collapsed by more than five million barrels. the strongest decline since october last year, the largest decline in reserves since october and in the largest storage in cushing for three million barrels. experts. the energy market is said to be entering uncharted territory with fuel shortages. at the same time, more and more restrictions are being introduced on russian oil, which is alarming. it is not surprising that against this background, the average price of gasoline in the united states for the first time reached $ 4.5 per month. on the eve of the so-called car sea

victory day day from davydov nikolai koshkin denis lisitsyn news of the week from the united states today the us department of the treasury date for the completion of transactions with the first channel, as well as russian and ntv television channels, until june 7. earlier, the united states imposed sanctions against three of these russian tv channels, a ban on the sale of equipment and a ban on american companies from placing advertising on the channels. the decision was made, the fear of the truth is understandable. in the meantime, poland has ceased even hiding plans to seize several regions in western ukraine, where it is presented as reunification with its historical possessions. on friday. this was confirmed by the president of poland, angie. duda somewhere and borders facts there will be no more borders between our countries poland and ukraine, so that we live together on this land building and building together our common happiness and common strength, which will allow us to repel any danger or any possible threat. another detail throughout may in poland will be large-scale military exercises of defender-yors 20-2

united states secretary of the treasury janet helen stated that washington most likely will not renew the general license. this is a license. the so -called nine, and the us departmentreasury that allows uh, uh holders of russian government bonds to receive payments on them under sanctions, yes, that is, the united states prohibits creditors from receiving money from debtors. and it's all exposes. as something that will force supposedly russia to declare a default, but the siluan minister has already said today that, of course, there will be no default. if e we are forbidden to pay in dollars, then we will continue to simply pay in rubles, a default will happen to creditors. that's what it's all about explain the meaning. yes, the problem is not that the debtor has no money, but the problem is that the creditor is forbidden to receive this money, well, about creditors. this is understandable. yes, the united states is trying to create, uh, new barriers to the possible movement of capital in side of russia, because in conditions when western currencies are falling, they are falling euros, especially, and falling primarily in commodity terms, because commodity prices

the country with foreign holders of our securities. payments will be made through the russian settlement infrastructure, the national settlement depository. the decision became a reaction. on the refusal of the us department of the treasuryto renew the license let me remind you to service russia's external debt. it expired on may 25. investors who hold our bonds will be able to receive the necessary funds in ruble terms. and e, the next e to convert already to e. those currencies that will be of interest to investors. since april 1, russia has had a scheme for paying for pipeline gas in rubles for countries from the list of unfriendly countries that have imposed sanctions, including the united states and the eu and japan, the essence of the scheme is such a buyer opens an account in gazprombank, to which it transfers dollars and euros, the bank converts the currency into rubles to moscow exchanges and returns to the same account, and then the payment takes place in the eu, at first they took the ruble payments with hostility, but after hungary, which immediately opposed sanctions against our country gradually begin to yield to the demands of the russian leadership. bloomberg writes about this well, serbia has already agr

continues to increase we have to ask ourselves what happens when the money comes back the us department of treasuryhe mexican drug cartel was funneling that many back through chinese banks not only other drug cartels taking advantage of the national security crisis but the national security crisis at the border we are losing our children in a generation of americans those are what need to be pose directly to the administration. >> this is poisoning of the number one enemy of china. it is unbelievable they don't it is unbelievable they don't take this more seriously. hi. i'm shannon storms bador. when we started selling my health products online our shipping process was painfully slow. then we found shipstation. now we're shipping out orders 5 times faster and thanks to shipstation's discounted rates we're saving a ton. honestly, we couldn't do it without shipstation join over 100,000 online sellers who get ship done with shipstation go to shipstation.com /tv and get 2 months free. steve: last week we argue the biden support for the supreme court justices were grounds for impeachment illegal protest

continues to increase we have to ask ourselves what happens when the money comes back the us department of treasury mexican drug cartel was funneling that many back through chinese banks not only other drug cartels taking advantage of the national security crisis but the national security crisis at the border we are losing our children in a generation of americans those are what need to be pose directly to the administration. >> this is poisoning of the number one enemy of china. it is unbelievable they don't it is unbelievable they don't ever get a sign the universe is trying to tell you something? the clues are all around us! not that one. that's the one. at university of phoenix, you could earn your master's degree in less than a year for under $11k. learn more at phoenix.edu. steve: last week we argue the biden support for the supreme court justices were grounds for impeachment illegal protest designed to intimidate the judiciary with the constitutionally mandated proceedings is not a normal policy degree men or breaking the law they are subverting the constitution and undermining our democracy

continues to increase we have to ask ourselves what happens when the money comes back the us department of treasuryexican drug cartel was funneling that many back through chinese banks not only other drug cartels taking advantage of the national security crisis but the national security crisis at the border we are losing our children in a generation of americans those are what need to be pose directly to the administration. >> this is poisoning of the number one enemy of china. it is unbelievable they don't take this more seriously. thank you. much more ahead. ♪ introducing the all-new infiniti qx60. take on your wild world in style. ♪ >> tech: when you have auto glass damage, trust safelite. take on your wild world this dad and daughter were driving when they got a crack in their windshield. [smash] >> dad: it's okay. pull over. >> tech: he wouldn't take his car just anywhere... ♪ pop rock music ♪ >> tech: ...so he brought it to safelite. we replaced the windshield and recalibrated their car's advanced safety system, so features like automatic emergency braking will work properly. >> tech: alright

to vadim zavoychenkov, and subtropical heat and real siberian heat. but we continue the us department of the treasury that were supposed to be transferred on may 27, the ministry of finance sent to the depository last week, and the next payments are scheduled for the end of june, alexandra nazarova will tell how the calculations will now go in the united states, they are trying to prevent russia from servicing sovereign debt today expired the license that allowed foreign banks to carry out the relevant transactions. this happened at 7:00 am moscow time and the us office for control of foreign assets, said that it would not extend it earlier, the us treasury had already talked about such a possibility, but noted that this step would not lead to significant changes in the russian economy. in general, at the moment, russia can not make loans in the world financial markets if the country cannot find legal ways to make these payments and declare a technical default. i do not think that this will significantly change the russian situation. they are already cut off from world capital markets. just announce

second provision of the new law obliges to prosecute those who have such assets for expropriation and prosecution, and a simplified procedure is introduced for the treasury and the us departmentjustice, the law will not work only in america is the extraterritoriality of american justice. it has long been a common practice of the allies. they will strongly ask her to comply this time as well. well, actually, putin arrived, after all, for a long time and repeatedly warned our businessmen that they would be tormented. they repeatedly invited everyone to swallow the dust there to take their money from the west and return it to russia and now who didn’t hide it’s not his fault who didn’t hide in russia and that now a simple person is at the bottom when our hyper-rich people who made a bet back laugh lost money like this will never be earned anywhere. yes, the matter is not only and not so much about money, the inner feeling of people robbed in the west is sour, after all, if earlier they were considered and considered themselves successful, not making mistakes, rational with an accurate calculation of life strategy. that is, now according to internal sensations. who are they? as a

there's several but just one who said toward the end of the war we want whipped on the battlefield the yankees whipped us in the treasury department and some of the they were both sides are very where was going on. so when a when the north was legislating some financial act this is reported on richmond in atlanta and the south again to say we could use a salmon chase the chase chase treasure secretary when the last such southern port was closed down and they realize there at that point they were just you know done for somebody actually said one of the newspapers to develop machinery. our own now. i mean it was way. yeah, they was really done, but they they did kind of realize they passed they passed laws for taxes, but they were unwilling to pass large taxes because the planners controlled everything and and they had the money and when they did they insisted the collection be as i said before by the states and the states refused to collect it was just you know, they could get the they just couldn't see their way to federalizing and they had a very interesting debate towards the in the fourth third and fourth year of the war, which

armed forces of ukraine made all these attempts, and now we see that the battle is going on even in the north of the shostka district . assistance to ukraine by the us treasury department, jeanne thilon said that the funds announced so far will not be enough for the short-term needs of the country that is fighting the russian invasion, she told reuters quote ukraine's need for financing is significant, elena said in a statement prepared for a speech at the brussels economic forum, adding that the country's government continues to finance and function thanks to the ingenuity and bravery of its officials. it is obvious that the ukrainian government, according to the us minister, in the months until tax collection resumes, ukraine needs budget financing for payments soldiers, servicemen, pensioners, as well as for the functioning of the economy, which meets the basic needs of its citizens, the minister said, adding that in the near future, the government will need to repair and restore critical public services, while ukraine will eventually need massive support - this is a quote for reconstruction reconstruction on the scale of the marshall plan for europe after world war

by the entire he stressed the energy market this was indirectly confirmed by the head of the us treasury departmenteed to look at the exact conditions under which the eu embargo on russian oil will be implemented, since this could also lead to higher world oil prices. i believe that over the next year we must do something to limit russia's income from the sale of oil on the world market. and at the same time, do everything possible so as not to cause a serious escalation in prices on the world oil market. however, as janet elena is going to get away with it. she doesn't clarified the head. bp, for example, doesn't know either. how can you painlessly abandon russian oil in the current conditions. there is now about a million barrels a day less russian oil on the market, which could double as sanctions against russia come into effect. or maybe those numbers. there will be even more reserves, both oil and gas relatively low worldwide reserve capacity. if we talk about oil is also relatively low oil, already at high levels at the beginning of the year. she cost less 80 dollars per barrel is now 110, an

of the people of the country and maybe don't know the u. s. a decided to soften sanctions in the northern regions. the syria that are outside of my control, us treasury department has approved activities in 12 sectors, including agriculture, construction and finance. it's avoid any transactions with the syrian government. took a condemned the removal of sanctions on the road. java regents specifically an area controlled by the kurdish lead there in democratic forces. and kara has been in conflicts with the kids in 1978 and claims. the u. s. s. we will get some ice, her wrist groups present in the north of syria. the action will improve living conditions for number of provinces are those are left with urging prices. local claims, such as that is an attempt to divide. the country later said had to apply the aim is not at all to help the people of this area as much as it is to stir up national strife between all the syrian provinces, the syrian what people with their various national, religious and political components such dramatic lifting a procedure on all of syria without any exception. what was the vision that the sanctions will be lifted from northern iraq?

now the us will soften sanctions on the northern regions of syria about our right side. they damascus government's control . the us treasury department has reapproved activities in a dozen sectors, including agriculture, construction, and finance, and say they will avoid any transactions with the syrian government that says us sanctions continue to worst in the situation in syria where 90 percent of people live below the poverty. like turkey condemned the removal of sanctions on the java region. an area controlled by the kurdish laid syrian democratic forces has been in conflict with the current since 1978, and claims washington smooth, both legitimize terrorist groups. in the syria, we spoke to local to believe about such lifted sanctions won't help syrian people get out of poverty. had to apply. the aim is not at all to help the people of this area as much as it is to stir up national strife between all the syrian provinces. the syrian people with their various national religious and political components demanded the lifting of the siege on all of syria without any exception. what division said that the sanctions will be lifted fro

far from the best economic situation, no matter what president biden or the us treasury department e says, in the first quarter of in gdp amounted to 1.3% and the stock market fell 16.3%, the deepest drop since the great depression since 1932. this is evidence that something is going wrong in america and no matter what they say, baidan, the americans think, otherwise, on the issue of cnn, 66% believe that biden manages the country's economy incorrectly, and only 34% believe that it is correct. well, biden's policy made the economy better. only 19% believe that biden is better for the economy and how do you assess the state of the country's economy, good or bad, and we will see what is good only 23% of americans consider the country's economy. and at the same time, the united states continues to pump money into ukraine, and moreover, i have a feeling that they are still going to subsidize a little those countries that will refuse russian gas. today bulgaria stated that the americans promised it liquefied natural gas and from america cheaper than gas. gazprom in general. uh, america won't stretch its limits here. j

s. decided to soften sanctions on the northern regions of syria that are outside government control. the us treasury department has approved activities in a dozen sectors including agriculture, construction, and finance that avoid any transactions with the syrian government itself. while us sanctions continue to affect the situation in syria where 90 percent of people live below the poverty line, turkey has condemned the removal of sanctions on the real have a region, an area controlled by the kurdish lead syrian demographic forces element of so i'm cra, has been in conflict with the kurds in thinking 78 and claims the u. s. move will legitimize terrorist groups a quote that are present in the north of syria. we talked to local to believe that these lifted sanctions will help syrian people at all get out of poverty. langston had to apply the aim is not at all to help the people of this area as much as it is to stir up national strife between all the syrian provinces, the syrian people with their various national, religious and political components, demand the lifting of the siege on all of syria, without any e

of cities has intensified across ukraine's donbas region. meanwhile, the mayor of mariupol reported finding 200 bodies in a collapsed building. and the u.s. treasury department announced it will bar russia from usingrican banks to repay bond-holders. that could cause the kremlin to default this summer. we'll return to all of this, later in the program. president biden has wound up his trip to asia, warning that the world must do more against russian aggression. in tokyo today, he met with leaders of japan, india, and australia, where he pushed for stronger military and economic ties, and for greater action to defend ukraine. pres. biden: we're navigating a dark hour in our shared history. the russian brutal and unprovoked war against ukraine has triggered a humanitarian catastrophe, innocent civilians have been killed in the streets and millions of refugees are internally displaced and as well as exiled. this is more than a european issue, this is a global issue. william: the president's message appeared aimed partially at india, which has yet to join in sanctions against russia. and, as the leaders met, russia and china conducted joint flights near japan's airspace. the japanese defense minister

in response to the regime's continued repression president bush as instructed the us treasury department to freeze assets of burmese state-owned companies that are held in us banks. this adds to actions last year to expand us sanctions against burma's regime and to tighten sanctions against its top leaders. we thank the european union, canada and australia for joining the united states in imposing similar restrictions, and we appeal to china india and burmes fellow asean members to use their influence to encourage a democratic transition. burma's ruling generals have had their chance to implement the good government. they promised to their people if it proceeds under current conditions the constitutional referendum, they have planned should not be seen as a step toward freedom, but rather as a confirmation of the unacceptable status quo. thank you all very much for giving me a chance to speak. i'm going to leave tomorrow for crawford for jenna's wedding, and i wanted to be able to make a statement about burma before i left. so i'm happy to take questions. especially could you offer us any specifics yet abou

department of energy and analysis? >> all i can tell three approved in recent months which are very exciting, but i do not have that data on what has been denied. >> can you provide us with the department of treasury's analysis on those, even if it's just a simple, we don't see any problem? i'd appreciate getting that. this committee issued a report in august of 2012 detailing our findings on the department of energy's failed management of the loan guarantee program, which was in clear disservice to the taxpayers interest. you've been secretary for about 14 months now, are you working with the inspector general to address the issues identified during the obama stimulus program in order to assure the american people that the law is currently being followed? again, you need to get to me later, i understand. >> yeah, i know that new head of our loan programs office, i don't know if you've met with him yet, he has revamped the entire program. i'm assuming he did so in consultation with the inspector general report. i cannot say that to you. >> i appreciate that, if you could get me an answer at a later time i'd greatly appreciate it. would you agree na as stewards of taxpayer funds we should not be subs

the outside government control us treasury department is approved activities in 12 states, including agriculture, construction and finance. it's avoid any transactions with the syrian government. turkey condemned the removal of sanctions on the road. java region, specifically an area controlled by the kurdish lead. there in democratic forces, and kara has been in conflict with occurred in 1978 and claims the u. s. move will legitimize terrorist groups present in an office, syria. so jackson will improve living conditions for a number of provinces of this are left with surging prices. locals claim for just in attempt to divide the country. lay settled ahead of applying aim is not at all to help the people of this area as much as it is to stir up national strife between all the syrian provinces, the syrian what people with their various national, religious and political components. such demand the lifting of the siege on all of syria without any exception. what was the division said that the sanctions will be lifted from northern steering, and this will not have an effect on prices because our goods come from damascus and the prices there have tripled after sanctions. i don't know that i am in favor of removin

the outside government control us treasury department is approved activities in 12 scientists, including agriculture, construction and finance. it's avoids any transactions with the syrian government. turkey condemned the removal of sanctions on the road. java regents specifically, which is an area controlled by the kurdish lead in democratic forces. a car has been in conflict with the codes in 1928 and claims us move. we'll just my area groups present in the north of syria. such action will improve living conditions for a number of provinces or left with surging prices. locals claims such as that is an attempt to divide. the country lane you said you had to apply aim is not at all to help the people of this area as much as it is to stir up national strife between all the syrian provinces, this theory, and what people with their various national religious and political components such dramatic lifting a procedure on all of syria without any exception. you know what division said that the sanctions will be lifted from northern gear. lacking this will not have an effect on prices because are good to come from damascus in the price of their tripled after sanctions. i don't is that i am in favor of removing the sanct

of us having a $350 billion drop in the deficit last year. my first year as president. he also learned for the first time since 2016, the treasury department is planning to pay down the national debt issued to the public this quarter. for all the talk the republicans make about deficits, it did not have been a single quarter under my predecessor. not once. bottom line is the deficit went up every year under my predecessor and before the pandemic and during the pandemic. it has gone down both years since i have been here. period. why is it important? bringing down the deficit is one way tease inflationary pressures in the economy where the cost -- the consequence of the war and gas prices and food -- it is a different world this moment because of ukraine and russia. we reduced federal borrowing and we help to combat inflation. this process is a great deal -- is good news but it did not happen by itself. the previous administration increased the deficit every year it was in office in part because of its reckless to trillion dollar tax cut paired i know you're tired of hearing me saying that but i to trillion dollar tax cut that was not paid

the treasury department said it would end a waiver that had allowed us bondholders to accept payments. russia has almost $2 billion worth of payments on its international bonds that will be due up to the end of the year. joining me now is patrick reid, co—founder of the adamis principle. i guess the place to start with this is how close it will bring russia to default in common what would happen if it does? thank you for having me on. it isjust another nail thank you for having me on. it is just another nail in the russian economy, and we cannot underestimate the consequences and dangers of a default. it is not quite like 1998, but it is not quite like 1998, but it is not very good for russia long—term. now, a ten year yield on a russian bond will get you about 10% right now. that is not enough. russia's central bank raised interest rates to 20%. they are now currently 1a. that is not going to be enough either. essentially, it is not really a question for me on whether they will default or not, because it is kind of imminent. they priced at weeks ago at 100%. it is not really about that. it is will they recover and how lon

of those other systems, they are able to make it more challenging for us to follow the money, and get after the money. not necessarily impossible. and there's a role here for diplomacy, state department, treasury department and others in engaging with some of those foreign partners to work better with us to help make sure we have clamped down on the system. >> any particular entities that you would like to name? mr. wray: i think the state department would probably appreciate it if i did not name specific countries i am an open hearing -- in an open hearing. mr. wray: we are-- >> we are cooperating with the international community, and i have heard some officials that there are entities that may be part of other countries where countries have cracked down in country, but those entities where they still have significant interests may not have provided the same kind of crackdown, i'm being pretty opaque here in the way i am describing it. mr. wray: opaque is the right word both for the way we have to talk about it, but for what is in these countries. i will say, there have been quite a number of countries where we have gotten more cooperation than we might have in years past. so i don't want to

single year in history, and the biggest decline on top of us having a $350 billion drop in the deficit last year, my first year as president. and we learned the treasury departments learning to pay down the national debt issued to the public this quarter, and for all the talk the republicans make about deficits, it didn't happen a single quarter under my precedent. the bottom line is the deficit went up during the pandemic. it's gone down both years since i have been here. why is it important? because bringing down the deficit is one way to ease inflationary pressures in an economy where the consequence of a war and gas prices and oil and food, it all -- it's a different world right this moment because of ukraine and russia. we reduced federal barring and helped combat inflation. this process is a great deal -- it's good news but didn't happen by itself. the previous administration increased the deficit every year it was in office, and the $2 trillion tax cut was not paid for. was not paid for. a tax cut that largely benefited the biggest corporations. 55 of which earned $40 billion in profits paid not a single penny in 2020 taxes. and the wealthiest millionaire

of state blinken saw us coming he was sent i know, i know i get it. the words the president came back he took of the treasuries asset forfeiture section and the state department asset forfeiture section of the department of justice asset forfeiture and pulled them into what he is calling the klepto capture initiative. that is a good thing the president did. and the spill there is money for it we give million dollars to the enterprise. and we give another 37 million i'm sorry $67 million to the enterprise another 30 million which is the group within treasury that tracks dirty money. so that is about $100 million to support the klepto capture operation. but they still need is authorities. that is what our bill would give them but we got back senator graham, senator wicker, et cetera blumenthal and myself drafted this bill and it is a version of it has been passed in the house thanks to the leadership of representative tom. and after that bill was filed, the divided administration got together a and they gave technil assistance to us from the department of justice as to what it was that they actually need to be more effective at going after these oligarchs. to s

us some elements of that quickly please. >> we have a number of different operations, both within the department of homeland security and across the federal enterprise. using that apartment for treasury, diseased bank accounts, operation, operation sentinel that homeland security investigations runs. to tackle and dismantle their infrastructure, working with our intelligence community partners. working with the department of justice and operation health, that we have seen so many different multifaceted efforts underway. it's really unprecedented, the level of intensity we are bringing to tackling the transnational criminal organizations. the human smugglers. >> and the course of that work, let me also say that the organizations i see, border patrol, ice, i want to make sure your administration also as they do their work and i applaud them for their work, and i do want to as well acknowledge the individual national guard specialist, bishop events. want to express my deepest sympathy to his family, in my respect for her service. we honor him. i want to make sure as we go forward, you infuse and to all of that, the idea of equity and justice. in terms of those migrants and others who ar

that report in the next hour, the treasury department investigating governor abbott's use of covid funds pandemic relief spent on golf courses and luxury hotels, we will take it on. a federal judge will determine the fate of title 42 as president biden looks to lift the order. migrants said they are waiting for the policy to be dropped before they make their move across our border, he files a report next. meritrade is more than a trading platform. it's an entire trading experience. with innovation that lets you customize interfaces, charts and orders to your style of trading. personalized education to expand your perspective. and a dedicated trade desk of expert-level support. that will push you to be even better. and just might change how you trade—forever. because once you experience thinkorswim® by td ameritrade ♪♪♪ there's no going back. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. this is what real food looks like visit indeed.

the brink of default. the treasury department will move to fully block moscow's ability to pay next week. a temporary waiver let's russia pay its coupons. the eu is considering whether to useceeds seized from russian oligarchs to help rebuild ukraine. it also will propose issuing joint debt. the foreign minister told his european counterpart that the reconstruction bill could reach $1.1 trillion. new covid outbreaks in china raise the risk of more disruptive restrictions. beijing reported an increase in infections on tuesday. all this is happening as shanghai slowly emerges from that six-week lockdown. the justice department has sued billionaire casino mogul steve went to force him to register as an agent of china. he used his relationship with president trump and members of his administration to advance asians interest in 2017. his lawyers say he has never acted as an agent of the chinese government. global news 24 hours a day on air and on bloomberg quicktake powered by more than 2700 journalists and analysts in over 120 countries. i am ritika gupta. this is bloomberg. ♪ >> if it were up to me i would start with 75 basis points. i would give a very clear signal that i'm

us. with the library association we were awarded a grant from the mellon foundation for the expanding information act people initiative. where utilizing department of youth and families through their youth work program as well as treasury tax collectors office and their financial coaching program. we also use our own internal resources for summer together which will continue this year and would provide every student with this past summer with 10 books as well asour summer strike program which is our learning reading and exploration program for all ages . all these are our own internal resources like summer together. being in communities isour main point of contact and we do so with the 20 neighborhood libraries . we realize weekly emails to patrons and communicate with patrons via email and print notices about their reserve and library systems. we maintain two full-time translators in both spanish and chinese to support in-house translation of library materials and make a concerted effort to retain bilingualstaff to speak comfortably with the community they serve . at the beginning during the pandemic the library maintains a series of television lines in seven languages monitored by fluid staff for anyone tocall with q

the price of those mortgages decreased quite a bit. if the fed is forced to sell the mortgage-backed securities they would theoretically technically take a loss, use accounting manueverings with the treasury department, not recognize them. the very first things markets said we might not be able to hit the caps. they can't hit the caps with refinancing volumes falling so much. not seeing homeowners pay off the mortgage quickly. >> market loved, loved, we're not actively considering 75 basis points. that was the first big leg higher. >> that was the bogey. if you go back tonight four, there was a 75 basis-point hike in between a bunch of 50s. it was intermeeting move. the fear was using 94 as an exact playbook and they're not. charles: got a soft landing in '94? >> you did. you may have gotten a soft landing in the real economy but the markets were really rough. there was a bond market selloff. >> orange county blew up. >> mexico had a peso crisis. >> tequila crisis. >> other things broke. so even though technically in the u.s. we did not have a recession, the market was not happy, very volatile. charles: he, i counted out the gate he used the word inflation seven or eight times it felt like maybe bai

us. racket radicals, that's the focus of tonight's "angle." >> the economy is doing fairly well. we expect growth to be solid. >> for the first time since 2016, the treasury departmentplanning to pay down the national debt. we recovered faster than the projected. >> laura: by any objective measure, america across the board is facing the most severe challenges in our nations history. in china, we have a dangerous geopolitical threat. there is a war raging in eastern europe. the dow dropped 1,063 points today. inflation is outpacing wages. our industrial base is crippled. and of course, we are 30th $30 trillion in debt. this is the time when america needs leaders to attack all the major issues one by one and a practical and sophisticated way. unfortunately, with biden, we have a fundamentally frivolous and unfundamental group of people. let alone having the type of executive leadership and judgment that we all need and deserve. now, nobody even things at this point biden does anything anymore. essentially, he is staff escorts him in and out of events and they hope they avoid grabbing at the air when he supposed to walk off the stage. he's team should have surrounded h

the treasury department just yesterday. john levine reporter of the "new york post." thank you for coming back and good morning to you. the letters will take usll, thank you for having me back. i this i the letters show that house republicans are incredibly serious about pursuing the hunter biden investigation should they regain power in the mid-term elections, which is widely expected they will. ranking member of the house oversite committee comer of kentucky has sent numerous letters to banks and other institutions in anticipation of an investigation should republicans take the majority. house leadership is incredibly committed to the investigation. the house gop conference chairwoman has promised us directly that she plans to subpoena hunter biden. we know from the january 6th commission that cooperating with a subpoena -- you can subpoena anyone. doesn't mean they'll show. it shows there will be a thorough and expansive initiative to get to the bottom of what we don't know. >> bill: now we'll gauge public opinion based oh than what we learn and what we may learn and not learn. josh hammer was on with maria. "newsweek" opinion editor said