goods and technologies related to the prevention of the corona virus for another year, the us treasury departmentts statement regarding the prevention from the corona virus, which was exempted from the sanctions last year, has announced that it is allowed until june 25, 1403, after the western countries put obstacles in the export of products related to the prevention of the corona to iran, iran has achieved self-sufficiency in this regard and now also the exporter of some now, including the corona vaccine, the us treasury department has also issued a ban on transactions with the central bank and the national iranian oil company, which are subject to sanctions, for another year. the zionist soldiers killed a palestinian youth with an attack in the name of belgium and forced the zionist occupiers into space. with the aim of destroying the house of a palestinian prisoner in the wild, several residences of these prisoners were attacked in derna pelt and they shot at the youths of this place. as a result of this attack, one palestinian youth was martyred and 62 other youths were injured. a zionist so

hours after the successful test of iran's hypersonic missile , the us treasury department imposed new sanctions against domestic and foreign individuals and companies that the us claims are related to iran's missile program, and many media outlets jahan also mentioned the anti-radar feature of the fatahi missile, and they said that tehran to tel aviv is about 6 minutes, 400 meters away from tel aviv. the hypersonic missile 1,500 km away from the target was well heard in israel. the zionist media, the jerusalem post and the times of israel, devoted their front pages to this issue , investigating this iranian hypersonic missile and also the radar-evasion capability of ashraf, because the missile enters the jabarov has a high flexibility, this movement makes the air defense systems unable to detect the path of the missile , on the other hand, due to its carbon fiber body, it can easily detect this problem , that is, the iron dome and flakhan dawood systems cannot practically deal with this missile. the issue was reported by reuters, along with the guardian, they said that the fattah miss

of sedava and sima azan news agency, us treasury secretary, regarding the impact of sanctions on increasing de-dollarization in the world, the us treasury departmentsaid washington's sanctions against some countries lead them to look for alternative means of payment instead of dollars, as reported by violin media in the meeting. the hearing of the finance committee of the house of representatives of the united states of america announced that i believe that the countries that are targeted by the american sanctions are motivated to look for alternative means of payment to the dollar . this american official also claimed that most countries do not have a significant alternative way to bypass the use of egypt is negotiating with india, russia and china to conduct their trade transactions with currencies other than it is the dollar, and rashed reported that the us embargo against other countries is one of the important causes of de-dollarization in the world economy, and the member countries of the brics group are supporters of this measure. pakistan should expand its currency to buy oil from russia, use iran's currency, and iran has also increased th

against organizations that supported iran's military program about this according to the us treasury department, restrictions were imposed against seven individuals and six organizations in iran, sometimes in china and hong kong, which contributed to the development of the iranian program to create deliveries of ballistic missiles were made to the ministry of defense and the provision of the armed forces of iran and to its four subsidiary organizations , the iranian defense attache in beijing , who coordinated military purchases, was also under sanctions. civilians who are being evacuated, as reported by the national resistance center in rashytskyi, the soldiers are changing into civilian clothes and trying to blend in with the locals in this way, the terrorists are planning to use the kakhovo hydroelectric power station to launch a sabotage reconnaissance group on the liberated territory of the kherson region, the cns notes that the russians killed two people and wounded one more. the enemy shelled 12 voters with mortars 105 times the russians shelled 16 front-line settlements in the zaporizhz

the us treasury department announced sanctions on four companies and one person who had deals with thegroup, saying they exploit insecurity around the world. prigozhin was previously sanctioned by the us, eu, canada, and the uk. 0ur mayenijones has more from kyiv. this week's failed mutiny in russia has certainly been a morale boost for ukraine. president zelenskyy said that it exposes the chaos at the heart of mr putin's administration and shows that he's a lot weaker than the world thought that he was. it's also been an opportunity for mr zelenskyy to reach out to nato allies and remind them that ukraine is the first line of defence if there were to be any chaos in russia. this has resulted in more aid coming from australia and the us towards ukraine and really is an effort by nato to show that it's fully backing ukraine at a time when it's trying to recapture territory in the east and the south of the country. how well that's going, president zelenskyy says his troops are advancing or all fronts but his deputy defence minister released a statement today saying her troops were also f

there is more , the united states of america and the white house and institutions such as the us treasury departmentthey actually followed the path of applying sanctions, and if you remember, there were quite a lot of sanctions, but not all of them, as we, ukraine, are now bringing to known to international partners, not all sanctions work and not all are effective. russia very often circumvents international sanctions , i will tell you what, for example, with european partners , we are now talking about the ukrainian parliament. we are working to do everything possible to close loopholes, especially through third countries for supplies anything that can be used by the russian federation for the production of either missile or other dangerous weapons, and now this issue is being resolved, i think that everything will be done in the near future will the european union join america to apply sanctions and not allow re-exports through third countries such as kazakhstan, armenia, and turkey , including that through third countries the russian federation does not receive from the eu or the united states a

than that, the united states of america and the white house and institutions, such as the us treasury departmentthey actually followed the path of applying sanctions and if you remember, there were quite a lot of sanctions, but not all of them, as we ukraine now inform international partners that not all sanctions work and not all are effective russia circumvents international sanctions very often, i will tell you that, for example, with european partners, we are now talking about the ukrainian parliament . -terrorist and other dangerous weapons, and now this issue is being resolved, i think in the near future the european union and the united states will not allow the application of sanctions circumvent by re-export through third countries such as kazakhstan, armenia, turkey, including that through a third country the russian federation does not receive either from the eu or the united states , not a single country, not a single technology, not a single spare part for the production of missiles and other weapons against ukraine, this is now a matter of questions and on this is exactly my view .

according to this press release, from the us treasury department, prigozhin�*s name is there.re then able to do a further search all of this. this is the official sanctions data. you've got the name of the company, prigozhin in a black and white, why has he been section? it is all because of this, his activities in ukraine. so, that is what we have been working on this morning. the big question remains, was he actually on that particular aircraft? that's something we can't say for sure at this moment. certainly, lots of other people want to know where he is, whether he took that flight. let's remember, belarus was the destination that he was supposed to go to under the terms of this supposed deal that was hatched at the weekend. the inquest into the death of nicola bulley has been hearing more evidence this morning. ms bulley�*s body was found in the river wyre in lancashire more than three weeks after she vanished. danny savage joins us from preston coroner's court now. what evidence has been heard today? well, this is the second day of the inquest. yesterday, we heard eviden

the us treasury department announced sanctions on four companies and one person who had deals with theagner group, saying they exploit insecurity around the world. prigozhin was previously sanctioned by the us, eu, canada, and the uk. 0ur eastern europe correspondent sarah rainsford has been following these developments from warsaw. i think what we're seeing happening in today is all about trying to rewrite the narrative and to reassert this kind of image of vladimir putin as a man in control. to try to suggest that throughout this crisis he was decisive and he was on top of what was going on. so we saw those images of him flanked by his security forces inside the kremlin compound and thanking them for what he said was that heroic action during the events of the weekend, remembering the pilots who actually shot down and killed during that much of the wagner mercenaries on moscow. although the circumstances of that are still unclear. so about, as i say, reasserting this idea that putin is strong. at the same time today we have been hearing more about what has been happening to yevgeny p

the successful test of the ultrasonic missile of iran and the us sanctions. imposed a new measure against iran, the us department of treasury, on its website, placed a number of domestic and foreign individuals and companies under sanctions , according to washington, these foreign companies are involved with iran's missile and military program, shahab palestinian news agency, pictures of an explosion in lands the israeli government published this explosion in the south of the occupied territories near the residential area. the zionist authorities have not commented on the origin of the explosion. in the last 24 hours, 14 operations were carried out in the west bank, which resulted in the wounding of the zionist sanjani, as well as the martyrdom of the hamas spokesman, mohammad al-tamimi. the two-year-old palestinian was considered a crime in the style of nazi german crimes. last thursday , a palestinian child was wounded by zionist bullets in the village of anbi salle, north of ramallah, and two days ago , he was martyred. in the last 12 months , more than 40 percentage compared to the previous twelve months according to th

. >> and brings us no greater pleasure than to continue this conversation with wally adeyemo the deputy secretary of the treasury departmentse land his voice on issues from everything from ndi's to the national security and ai, thank you so much deputy secretary for joining us. we know this is an extremely busy period here for you and we are really honored to have you. we are here to talk about obviously ndi's in the wake of silicon valley bank and ndi's maybe just for context, can you give us a brief sense of the range of programs up to this point that have focused on ndi's at the treasury department just to set the stage. >>. >> i think we are losing ÃÃ okay. >> let me start by saying thank you to chris and nicole for your leadership and pulling this together and to the mba for being such a great partner with the treasury department over the last several years of the biden/harris administration. i will start by saying ndi's and cdfi's have never been better Ãalso to be ready for the challenges that happen in any economic cycle. in addition to the leaders and the work they've done the federal government has stepped up by

would like to mention to you, vladimir vladimirovich, the just-released report of the us department of the treasurywhich says that, and, allegedly, it was possible, but to prevent russia from selling oil to the international market otherwise, with a 25% discount, and they, of course, explain this by their restrictions, the ceilings established by the european union and etc. questions of two parts the first how much from your point of view. this assessment from washington is true and the second. what are you doing, so that russia gets more for its oil and gas first of all, i want to say that any non-market restrictions on world trade and in any sector are counterproductive for the entire world economy for the entire world trade, which means damage to those who initiate processes of this kind. uh, we, uh, when we make appropriate decisions, and you know, we probably also made a decision at the regulatory level, uh, restricting, uh, the work of our companies with those who impose some kind of restrictions on our products, including v energy sector, including oil. uh, this in turn affects the world mar

treasury department who has lent his voice to issues on everything from mdi's to national security to ai. thank you, secretary, for joining us. we know this is an extremely busy period here for you, and we are really honored to have you. we are here to talk about mdi's in the wake of silicon valley bank and mdi's and investments of interest, to say the least, for the biden administration. maybe just for context, can you give us a hint of the range of programs up to this point that have focused on mdi's at the treasury department, just to sort of set the stage? i think we are losing your -- we have it now. wally: it is good to be with you. let me start by saying thanks to chris and nicole for your leadership and to the nda for being such a great partner with the treasury department over the last couple of years with the biden/harris administration. i will start by saying mdi's and cfi's have never been better positioned than they are today largely because these -- largely because the leadership of these institutions have done a tremendous job in preparing them to both lend to the communities they serve but also to be ready fo

, b as withdrawals continue to mount in an effort to assure a confidence in the us banking system, the treasury department, the federal reserve and the f. b i. c announced that silicon valley bank clients would be protected and be able to access their money. they also announce steps that are intended to protect the bank customers and prevent additional bank runs. and these actions march the most extensive government intervention in the banking system. since the 2008 financial crisis, the biden administration announced that it would guarantee on and assure deposits. the fed reserve also announced a new lending program for all banks that need to borrow money to pay for withdrawals. the. the fed also said that the bank borrowed about $300000000000.00 in emergency funding, with nearly half of that amount going to holding up companies for the to failed banks to pay depositors. the fed did not say how many other banks piled money and added that it expects the loans to be repaid. meanwhile, biden has insisted that no tax pair of money will be used to resolve the crisis. and the white house is very desperate to a

us banking system. the treasury department, the federal reserve and the f. b i. c announced that silicon valley bank clients would be protected and be able to access their money. they also announce steps that are intended to protect the bank customers and prevent additional bank runs. and these actions mark the most extensive government intervention in the banking system . since the 2008 financial crisis, the biden administration announced that it would guarantee on ensure deposits. the fed reserve also announced a new lending program for all banks that need to borrow money to pay for withdrawals. the fed also said the banks borrowed about $300000000000.00 in emergency funding, with nearly half of that amount going to holding up companies for the to failed banks to pay depositors. the fed did not say how many other banks piled money and added that it expects the loans to be repaid. meanwhile, biden has insisted that no tax pair of money will be used to resolve the crisis. and the white house is very desperate to avoid any perception that the average americans are

them, which is why the congressional democrats passed legislation that directed the department of the treasury to use their voice vote and influence at the imf world bank and other relevant to advocate for the distention of all debt service payments owed to these institutions by ukraine. how else can the u.s. best support ukraine during this time leveraging its role at the world bank and the imf? to support ukraine and allies is to empower by giving them the necessary resources they need to expand support to those countries. and i would certainly think that there is a couple of ways to do it. talking about the world bank, it would be for the u.s. to be ambitious in providing the financial contribution. if we don't have that to deliver that mandate. the second way to do it is for the u.s. to also support potential capital increases when they are admitted. whenever it is admitted it is the responsibility of the u.s. to make sure that those increases happen and certainly that would happen with ukraine but not only to ukraine but also other developing countries that these institutions are supporting. >>

maybe just for context, can you give us a brief sense of the range of programs up to this point that have focused on mvi's at the treasury departmento set the stage. i think we are losing æ >> it's good to be with you let me start by saying thank you to chris and nicole for your leadership and pulling this together and to the mba for being such a great partner with the treasury department over the last several years of the biden/harris administration. i will start by saying that mdi's and cdfi's have never been in a better position to face the headwinds that they face. these institutions have done a tremendous job in preparing them to lead to the communities they serve but also to be ready for the challenges that happen in any economic cycle. in addition to the leaders and the work they've done the federal government has stepped up i provided more than $12 million to mdi's and cdfi's over the course of the biden/harris administration the large piece of this is c-span2 and $9 billion capital contribution to help them do the things they wanted to most, be well prepared to lead to communities that often lack access to capital going f

and maybe just for context, can you give us a brief sense of sort of range of programs up to this point that have kind of focused on mdi's at the treasury department just to sort of set the stage. >> oh, i think we're losing your-- >> let me see. >> yeah, we have you now. >> it's good to be with you. let me start out by saying thank you to chris and nicole for your leadership and for putting this together and the nba for being a great partner with the last several years with the biden-harris administration. i'll start by mdi's and cdfi's have never been in a better position than they are today. largely because of the leadership of the institutions who have done a tremendous job in preparing them to both lend to the communities that they serve, but also to be ready for the challenges that happen in the economic cycle about you in addition to the leaders, and the work this they've done, the federal government has stepped up by providing more than $12 billion to an mdi and cdfi's over the course of the biden-harris administration. the large piece of this is a $9 billion capital contribution to mdi's and cdfi's and in addition to that, several rounds

maybe just for conxt, can you give us a brief sense of sort of the range of programs up to thi point that have kind of focus on ndis at the treasury department just to sort of set the stage? oh, i think we're losing your -- ah, okay, we have you now. >> okay. so it's good to be with you. let me start off by saying thank you to chris nicole f your leadership for pulling this together and for being such a great partner with the9 treasury department over the last several years of the bid-harris add administration. and i'lle start by saying mdis and cdfis have never been better positioned to deal with the headwinds than they are toy largely because the leadership in these institutions have done a tremendous job in preparing them tooth with lend to the communities that they serve but also to be ready for the challenges that happen in any economic cycle. but in addition toch the leaders and th work that they've done, the federal government has stepped up by providing more than $12 billion to mdi and cdfis over theourse of the biden-harris administrion. a large piece of this was a $9 billion capital contribution. but in addition to that, several ro

using his family to increase his wealth. >> in february 2014, a putin ally wired 3. $5 million to hunter biden, devon archer and chris hines. john kerry's stepson. that raised a red flag at the treasury departmentt biden was criminally guilty of using his family to increase his wealth. hunter biden was in on it. barack obama knew and so did everybody else in that white house and now we are finding out about it. >> reporter: president biden heads to philadelphia for a fundraiser. will: thank you. meanwhile the daily mail has an exclusive. hunter biden answers questions about his finances in an arkansas court but his baby mama showed up for this hearing on child support. it is not normal for someone to show up during a deposition like this but london did so, london has every right to be there. it's unusual, it would have been a strategic choice and perhaps a head game. it is harder for most people to be untruthful about a person in their presence. rachel: a really interesting person to go against. people have minimized her and underestimated her but they forget she's a college graduate. she started -- don't know if she finished but she's interested in law and she has at every turn made great lega

treasury department. they target seven russian individuals and one russian entity. so those details are emerging from the usn more detail through the next little while. also new is that the reuters agency is reporting that the reuters agency is reporting that the uk foreign secretary, james cleverley, is in kyiv. he hasjust met with the ukraine's president zelensky, with the president thanking britain for support. so a number of different strands, aside from everything that is going on on the battlefield. we will keep an eye on all that and keep you up to speed as the detail comes into us. around the world and across the uk, you're watching bbc news. let's stay with a few stories making headlines here in the uk. an inquest opening at dorset coroner's court has heard there was a "suggestion" a riptide may have led to the deaths of a girl and a teenage boy off bournemouth beach. 17—year—old joe abbess from southampton and 12—year—old sunnah khan from buckinghamshire both died in hospital after the incident on wednesday. dorset police said it was keeping an "open mind" about the circumstances that led to the d

the us risks undermining not only its dominant position, but also its ability to influence the world arena, but the treasury departments confident that alternative? you are still gone. or rather, there was no brix country today asked the bloc's bank to provide recommendations on the possible introduction of a common currency, which means that the loss of washington's global status has begun. true, the process will not be fast. unfortunately , the second day of the brix summit is taking place in south africa today. the foreign ministers of brazil, russia, india , and china have come out in support of a peaceful settlement of the conflict in ukraine and the full implementation of the grain deal by all parties. one of the main intrigues of the summit was the question exact participation in august. in themselves teasing russian president putin, an obstacle to this could be the issuance of an arrest warrant by the so-called international criminal court. well, the future member of the mousse. south africa is trying in every possible way to allegedly find a reason not to comply with the decision of the judges, without quarre

meantime, the us state department says wagner will still be held accountable for its actions in ukraine. today, the us treasuryed new sanctions on four international companies accused of engaging in illicit gold dealings to fund the mercenary group. we continue to closely track wagner activities, both in ukraine and in africa and in wherever in the world they may operate. we continue to look closely at the actions they take that are against the interests of the countries where they operate. and we will take continue to take actions to hold them accountable. the state department says today's action against wagner is unrelated to last weekend's rebellion. a body has been discovered in the rubble of a collapsed building in paris. the explosion happened in a neighborhood in the left bank last wednesday, leaving six people critically injured. more than 50 others suffered less serious injuries. the search was complicated due to fears that the neighborhood building could also neighboring building could also collapse. there is still no word yet what caused that explosion, but witnesses say there was a strong smell of

meantime, the us state department says wagner will still be held accountable for its actions in ukraine. today, the us treasury imposed new sanctions on four international companies accused of engaging in illicit gold dealings to fund the mercenary group. we continue to closely track wagners activities, both in ukraine and in africa and in wherever in the world they may operate. but we continue to look closely at the actions they take that are against the interests of the countries where they operate. and we will take continue to take actions to hold them accountable. the state department says today's action against wagner is unrelated to last weekend's rebellion. coming up on ktvu news at 630, a former paramedic is accused of sexually assaulting patients and now a former coworker says their bosses look the other way. also ahead, state lawmakers pledged billions of dollars to help shore up public transit, but some transit advocates say that's still not enough officers were called to the grand gas station on springs road just after four this morning. vallejo pd says as an officer was hit by a suspect's vehicle

the average price of the russian mark and ural since may, according to the us department of the treasury per barrel according to bloomberg calculations, revenue from taxes on crude oil of petroleum products, which accounted for 75% of all hydrocarbon revenues in may fell by 31% to 425 billion rubles. in america , they immediately began to rejoice in throwing a cap on the air, they say oil and gas make up about a third of the russian treasury, which are under pressure due to growing spending on their own. this means that the sanctions are working, because the reduction in contributions to the national budget occurred after i banned most of the sea imports of crude oil and petroleum products, and the g7 established it. the option for oil and then suddenly gladly ended, the oil-producing cartel is again a plus, which is headed by russia, agreed to extend existing production restrictions for 24 years, and saudi arabia is cutting production by a million barrels per day, starting in july, all these steps are aimed at maintaining a higher price for raw materials. panic in america. they are wait

treasury department put together. the treasury department put together in the obama/biden administration for goodness sakes. that's what we're digging into. be forthcoming with usthe american people see it so we can do our job. maria: this is all so extraordinary. you've got 150, up to 200, these reports, saars and that is telling you from leadership at banks that something doesn't look like in terms of the money flows. you've got bank records that show money from foreign nationals getting distributed to 20 different web llcs, a web of llcs and then they go to biden family members and you're getting rolled over again. it just feels like, you know, russia collusion 2.0. i know that former special counsel john durham is going to be testifying before your committee. that's happening in about 90 minutes. we're expecting some detail in the investigation into the russia collusion lie that we now know for sure was made up by hillary clinton. it was just one political campaign trying to take down another political campaign. unfortunately, begin all of her sources and relationships within the federal government, the fbi pursued it. so what are you going to do about it?

us to attempt to decouple from china. d risk, yes, decouple absolutely not. >> reporter: she said the treasury department is considering possiblehinese business for example restrictions on firms with connections to the military. the tensions have been escalating. we heard calls from some house republicans to decouple the us and chinese economies. others are open to de-risking. we heard from representative john james who said we need to fortify our manufacturing here at home. meanwhile it is questionable from business leaders whether or not they are open to decoupling or d risking, you can add bill gates to the list of business titans who are visiting china. he will meet with chinese president xi xinping this week according to reuters, this follows the likes of elon musk who said he oppose decoupling during his recent visit according to china's officials. apple's tim cook met with china's commerce minister and jpmorgan ceo jamie diamond pledged it to remain in china for good times and bad, the pressure on business leaders, americans see cheap product and that's how they get them. stuart: they have a big stake, thanks very much.

us, the cross-party intersection that we had in the discussion. an american company was mr as you know, the committee on foreign investment in the united states of the treasury departmentmines foreign investment that affects national security. it is currently negotiating with your company about the device that you talked about , that the server address of the american company is in texas and then oracle will monitor the algorithm, but the pressure is increasing, tik tok is ready to ignore wind and chinese communist party relations. i said in my opening note that i think we need to address the privacy problem and you agree. sincerely, media companies american society does not have a good history of privacy, for example, see the case of mary jana nika's facebook. after that, it is not a matter of ownership, but basically , to make sure that the data of american users is responsible and protected against inappropriate foreign intrusion . let's all be at ease and we provide transparency and third-party monitoring. the sale of texas is doing the handing over of mr. 5 from indiana . just like our colleagues today , the connection is becoming more digital day by day. your inf

while the stock slides >>> the trillion dollar experiment steve liesman tells us about a big challenge facing the treasury departmentrt for a wildfire season in the west. the second hour of "squawk box" begins right now ♪ ♪ >>> good morning welcome back to "squawk box" on cnbc take a look at u.s. equity futures right now. we're looking at a bit of a mixed picture. take a look at treasuries. this is the ten-year note, sitting about 3.811. the two-year at 4.15 oil, you buy the barrel, it will cost you about $73.12. and crypto, we've been talking about bitcoin, but we have been talking about finance. bitcoin at $26,480 so sort of staying in range there. >> it changes at the top of gamestop, and the stock is sliding this morning the company fired ceo matt furlong and appointed chairman ryan cohen as executive chairman, effective immediately. cohen's venture firm has a stake of 11.9% in gamestop and a cryptic tweet posted about a half hour after furlong's firing was announced, cohen wrote -- not for long. this coincided with gamestop's quarterly results. revenue felt to $1.2 billion the net loss, though, narrowed to 17 c

it would be extremely challenging too used to document -- as a document to hold the iris, the treasury department, or anybody else accountable for missteps. the few things it almost entirely lax are quantitative targets to measure against, backup data to analyze, and various key operational details including, for example, who at the irs or treasury department is ultimately responsible for making decisions on any particular issue. this does not give any detail on how the irs will implement secretary yellen's 400,000 dollar pledge. and details really matter here. it also does not estimate what any of the 42 initiatives or 190 odd key projects are expected to cost or clearly answer the basic question of which initiative or key projects can be fully implemented with the 80 billion dollars in funding. what the document quietly admits is astonishing. despite contrary rhetoric, the irate did not give the irs enough funding to fully realize the plans division. this, despite having given the agency a slug of funding more than six times its annual budget. the irs is annual budget justification goes for, th

department in russia as well. yvonne: let's get back to the bloomberg scoop, sources telling us that treasury secretary janet yellens planning to visit beijing in july. this will be the first high-level economic talks with her chinese counterpart. all of this coming as president biden is putting through in order aimed at regulating certain u.s. investments in china, that is set to be close to completion. let's get it from our washington correspondent annmarie hordern. high-stakes visit, and in terms of the timing as well, this has not always been the easiest diplomatic relationship, is in the lake of anthony blinken's recent trip. annmarie: certainly hasn't. we have been waiting to find out when the treasury secretary would go. she said even in an interview with me in japan that when their time was appropriate, she had plans to go. and of course we are on the heels of anthony blinken's trip and that opens the door to have more of these and to principal meetings between beijing and washington. the treasury secretary will finally make the trip, it will be in early july, so very very soon. and of course it will be the

treasury department says the attachÉ obtained instruments to help iran's missile program. he was involved in a network that usedcompanies to get centrifuges for iran's defense industry. former new jersey governor chris christie became the latest republican to enter the 2024 race for the republican white house. it is an already crowded primary field for the republican nomination. 60-year-old filed paperwork with the federal election commission head of a town hall in new hampshire where he is expected to formally announce his candidacy. global news, 24 hours a day, powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. shery: sources say chinese authorities asked the nation's biggest banks to lower their deposit rates for at least the second time and less than a year. for more details let's bring in bloomberg's global economics correspondent and occurring. the question now how much of an impact will monetary easing have given that you need to have households taking up the credit and borrowing and spending. >> on paper, this might suggest he would not put the money think and s

us now former spokesperson for the u.s. mission to the united nations, she also worked at the nsc and the treasury department.ere that unfolded over the weekend. so why would putin allow lukashenko to talk himself out of this, you know, crushing of the wagner group and prigozhin in particular? what's your read on whether he'd been able to do that. >> you know it's funny because lukashenko has always been the follower in this case, and it almost feels like he's having his 15 minutes, and she's showing that. he's trying to come out here like some kind of peacemaker which i guess technically he was, but this is not somebody who has previously shown high levels of intelligence, somebody who's certainly not loved by the majority of his people, and i think he's enjoying coming out as though he's the one who prevented violence, he's the one who saved his bro putin and puts him in a good position with both putin and prigozhin which lukashenko is going to analyze is going to be great for him later on. because he wantsputep izhis corner but if he's having prigozhin living in belarus he myth be able to benefit a little

treasury department ands. omb. deficiencies in va's financial system are illustrative findingi we made ready to va's use of cofinancingding which showed va lacked assurance those funds were spent as intended. i would identify concerns with completeness major cause for this of the reliance on several which is a risk of reporting errors. that's transfers lack of transparency and accountability were vha purchases seen in her audit found vha staff not properly documenting the transfers and in adequate guidance office of finance. this happened because of financial reporting systemst limitations so he stepped interment on their what constituted appropriate documentation. documenting purchasing authority, splitting duties between requesting and purchasing items and verifying order goods were received. as a result report estimated $187 million. we felt early oversight of the project was critical to help va achieve program goals and we initially issued to memoranda. one detail f mbt s had not been short and ca have theal comprehensive reports needed to monitor budget operations. four months after the initial go live date. requ

us here again today. secretary yellen, under your leadership and in collaboration with president biden, the treasury department has done excellent work promoting a strong and vibrant domestic economy in assisting countries and innate internationally. i want to thank you for that. i want to quickly just follow up on a couple of the questions before i get to one of my own. you have consistently said that it is important that the dollar remains strong and be the currency of the world. i have been troubled by the number of businesses, small retailers, even at airports and coffee shops, that are beginning to not even take the dollar anymore. they don't take cash. there's a bigger reliance on credit cards. what does that do to our economy and to the statute of the dollar if in fact cash is king, and the dollars the emperor with the king, what does that do, and how are we doing with the interest rates on credit cards and the transaction fee charges? >> well look, using credit cards we are still using the dollar as a currency. it doesn't have to be physical currency. we want efficient payment system, and electronic pa

us here. your leadership in collaboration with president biden the treasury department has excellent work promoting a strong and vibrant domestic economy assisting countries, i want to thank you for that. and follow-up on a couple questions before i get to one of my own. you consistently said that it is important the dollar remain strong. the currency of the world. i am troubled by the number of businesses even at airports and coffee shops that are beginning to not even take the dollar anymore. they don't take cash. a bigger reliance on credit cards. what does that do to the economy and the stature of the dollar. cash is king and the dollar is the emperor or the king, what does that do and how are we doing with of the interest rates on credit cards and the transaction fee charges? >> we are using the dollar as a currency. it doesn't have to be physical currency. we won and efficient payment system. electronic payments are becoming faster and cheaper. we are still using the dollar even when we make payments using plastic. credit card fees remain very high. it is important to foster innovation that w

the fdic and department of treasury, you expose the systemic risk resumption for silicon valley and signature bank, guaranteeing all depositors will be made whole. regulators could have used liquidation authority, the very tool dodd-frank was intended to resolve the two big to fail institutions while protecting taxpayers. why was the decision made, and do you think it would lower the bar to use sre in future bank failures? >> i hope we do not have to face that question again as long as i live. >> we all do. has a new bar been set? >> this happened with no warning in the middle of the night thursday night. less than 12 hours later, we are on the phone with the fbi see -- fdic. it was an emergency situation over that weekend, we could see there was an electronic run building up. we did what we had to do to address that, and i think successfully. >> time is expired, we recognize the man from illinois for five minutes. >> thank you. wars have historically been associated with elevated levels of inflation worldwide. though the relationship is complicated and there can be impacts on supply and demand, higher inflation may be one of the many prices humanity pays for the decision