secretary yellen: yes. why it is concerning about the number of women dropping out of the workforce. reports are that people are finding it difficult to get back to work. chair: i think the gentlelady. let me recognize the gentlelady from indiana to inquire. >> thank you, mr. chairman. during the covid-19 panic, we saw rampant unemployment showed no signs of slowing even as we tried to get people back to work. many states improved -- many states dispose of identification measures to speed up the process of getting people back to work. this has allowed fraudsters and scam artists to steal identities. the state should send a revised form -- it certainly makes sense to hold individual taxpayers harmless. my concern that the irs is not keeping track of how much money we are talking about here in aggregate, so i have two questions. one, can you tell me how many 1099-c forms have been flagged by the irs or state agencies as a result of these statements, including those after taxes are filed? secretary yellen: tha

yellen is one of fivecabinet members the president has tapped to sell the project. questions are what are the risks of making the bins big investments or what is the cost >> so, ylan, yellen used to get out of her way to stay out of politics as the federal reserve chair. it's an apolitical position, we know that. how is she adjusting to a new role in an administration where she has to deal with head on, head first the polite ral a aspect she isn't one in the room. what she has recommended, her economic gravitas, she's briefed lawmakers, taken it to the public she has taken heat to those in the aisle. she talked to house democrat tis. why wasn't at that at the time to be ongoing. she faces republicans who have questions to restrictions around state and local aid as well as why she wouldn't testify sometimes on capitol hill. she has found herself now the target of some of those political attacks that by and large she sees her role as someone who is almost the explainer in chief and really trying to underscore and highlight those okay no, ma'am mick policy. >> janet ye

janet yellen said that. lately she said we have to open up the printing presses because she is back in the business again. i think what is going to happen here, this money will become worthless one day. the fed owns the money. they are not regulating. ron paul has been trying to get an audit on these people for years. there is no audit. we don't know how much was printed. you only get your information from the fed. all this stuff you are telling me, -- the american government does not own the money. host: let's let our guests respond. -- guest respond. guest: the fed has a difficult task. there is a huge pandemic and the government is shoveling money out the door to respond to it. i believe that's a legitimate thing for the government to do in the face of a huge emergency. the fed, which does apply the money, is caught in the situation of how much is too much. when do you begin to pull back so you don't lead to a situation where you have great inflation? right now this is kind of an unprecedented situation.

we hear from janet yellen tonight. watch that beginning at 8:00 p.m. eastern here on c-span. senator amy klobuchar talks about ways to prevent misinformation on the covid-19 vaccine and how to encourage people to get it. she spoke at an event hosted by the clinton foundation.

it is what is the cost if we don't. >> now, yellen called out four destructive forces that threaten the nations long-term growth, declining force participation, rage polarization, racial inequality and climate change. >> fiscal policy can help unwind them or the lack thereof can intensify them and we know this because that's exactly what's happened over the past 40 years. >> yellen is hoping this trip will help rally public support for the bipartisan infrastructure bill and the democrats own package. john hope brian of operation hope, ryan marshal, and alfredo rivera, north american president at coke. j janet yellen did acknowledge there's a good faith debate over how much government spending is too much but she said now is the most fiscally strategic time to make these investments. back to you. >> it's interesting. as you look at the various economic spokespeople that president biden has at his disposal, what is the benefit or liability of having a former fed chair who knows so many business leaders and is used to, i guess, the hot lights of, you know, perception and watching every wor

we know janet yellen has given her endorsement.n: broadly speaking, the federal reserve is walking a fine line. they want the economy to grow. they are willing to let inflation go above target. if they let inflation go to high, republicans will accuse them of being excessive. that is the political landmine. at the same time, if they start tightening too soon, tapering too soon, progressive democrats will say you are hurting people of color. they are the ones where unemployment is still the highest. in terms of power, very important that biden still has not made his mind up about the reappointment, expecting to do it over labor day weekend. janet yellen's endorsement is very important. she's not biden's ear -- she has got biden's ear. he trust her. -- trusts her. >> i think he articulated what the fed policy is in a clear and consistent way so i don't see any reason why he wouldn't be. kathleen: we shall see. it looks like getting janet yellen's endorsement is very important. a lot of progressives like elizabeth warren and sherrod b

. >>> a potential first for janet y yellen as the biden administration may send her to china. we will talk about another potential round of lockdowns in new york it's thursday, august 12st this is "worldwide exchange. good morning, good afternoon, good evening welcome from wherever in the world you are watching i'm brian sullivan here is how your money is setting up the day stock futures are mixed. it came off a nice day for the dow. up more than 200 technology slid. dow futures up 56. if you are counting at home, it was the 46th record close for the s&p 500 in 2021. wow. it is only mid-august. here is how crypto looks another strong run for bitcoin and ethereum lately. right now, bitcoin down. ethereum down 4% bitcoin and ethereum have been red hot the last couple days >>> checking oil a touch lower. this after president biden called on opec plus to raise production as gasoline prices rise across america. we will talk more about that ahead with the head of the pet petroleum. >>> first, let's get to the latest in europe julianna tatelbaum has the latest good morning, julianna

janet yellen is considering a trip to china in the coming months.be her first as the u.s. treasury secretary and it comes on -- as the biden administration reviews policy toward china and tariffs on imported goods enacted during the trump administration. the governor of texas has escalated the fight over his ban on local face mask rules. greg abbott warranty would drag into court any school district, public university, or local government official who defies him. resistance campaign is spreading. local officials in dallas, san antonio, and houston rolled out new masking rules. in poland, the government risks undermining relations with the u.s. and further antagonizing the european union after the ruling party pushed through a controversial media law through parliament's lower chamber. the measures purpose is to protect forecasters from takeovers. it targets discovery. the american owner of poland's largest television network. global news, 24 hours a day, on air and on "bloomberg quicktake," powered by more than 2700 journalists and analysts in over

william: i think treasury secretary yellen's endorsement is important because she knows what is neededthe chair of the federal reserve, and she is very well expected in and out of the administration. i think also, chair powell is really the path of least resistance. he's shown that he is capable and has support on both sides of the political aisle. if progressives nominative someone consistent with what they want, i think it would be harder to get that person confirmed. kailey: tom -- lisa: tom asked a question earlier today. given that chair powell is likely to remain at the helm, what inflation is he looking for ? william: i think they have focused on the notion of is this transitory or is this going to be more persistent. to have persistent inflation, you have to have labor and pressure on wages, and you have to have a rise in inflation expectations. so far it looks like there is still some slack in the liver market, and inflation expeditions have risen a little bit, really two levels more consistent with what the fed wants, so at this point, the fed view is that the inflation press

yellen said one of those costs could be the u.s. losing its standing as the preeminent economic power that it is today. she says that they need to make these big invests today to keep america in the top economic standing it is. she also said that a lot of people like to split business and labor versus big spending. she said it is time for those, those clashes to stop and essentially get on the same side and get behind this big government spending on a lot of new big government programs. neil. neil: what is weird about that one, hillary, we've been the preeminent economic power without all the spending. you begin to wonder, will more spending imitate europe does be the elixir over europe? you got to wonder. thank you very much for that. hillary vaughn following those developments, before i go to my buddy edward lawrence, i want to pass along with news from the world health organization, calling on a halt through covid-19 booster shots through september. they want to make sure it doesn't risk a shortfall in vaccine supplies, particula

janet yellen, i think, is taking the lead.ss conference earlier today to make it clear that this was an unacceptable thing. and i think all across the country, you have got members of the house who are raising their voices in their respective states to try to turn this situation around. >> because i mean, if the money, i mean, is $40 billion -- where does that -- how would that change the issue right now? if that money was gotten out? >> well, if you have tenants who owe back rent, that is the reason why they would be facing eviction. the money now exists across the various states and localities for that back rent to be covered. so that no tenant finds themselves in a situation where they confront eviction. that was the whole purpose of allocating a substantial amount of money. the challenge that we have confronted and recall that the american rescue plan was passed in mid-march, is that for months, the money has not made it out of the door. this is why we're going to have the conversation with secretary yellen tomorrow, to be

two hours ago treasury secretary janet yellen discussed the u.s. economy saying inflation is temporary and would return to normal levels in the not too distant future, but federal reserve vice chair richard clarita said today, that if federal reserve expectations for inflation materialize in the months ahead meaning they last a bit longer and they continue to go higher, then get ready for interest rate liftoff. >> i do believe that these three necessary conditions for raising the target range for the funds rate will have been met by year-end 2022. liz: with the fed possibly ready to raise interest rates next year, the sec and treasury bearing down, are their next moves going to raise or ruin the bull market run? let's get to our floor show traders david trainer and teddy weisberg. david, buyer beware of regulators who are looking to keep busy. robinhood maybe running up but gary gensler has indicated he's really going to look closely at how it makes its revenue right? how closely must investors then look at possible regulation. >> absolutely. i mea

the treasury secretary wants it all, that is janet yellen wants all of biden's spending. she says we have to spend over $4 trillion more to keep america on top. bernie sanders agrees in an editorial in the wall street of all places, he grails against the greedy companies, rich, the billionaire and, of course, the wicked capitalist corporations. nothing new from bernie. impact of labor shortage, hundreds of canceled flights at spirit and american airlines, chaos at several airports. stock prices slipping this morning. private sector hiring fell sharply in july only 330,000 hires, down from 680,000 in june. the dow is going to be down about triple -- digits. fcc is talking crypto regulation and crypto taxation. maybe investors think a little administrator respectability will help because bitcoin is holding around 38,000 bucks this morning. the ten-year treasury yield, staying at low levels. look at that, please. 1.14% very low, indeed. you will see more of this. american gold at the olympics and more than that american athletes proudly wrapped in american flag. how about th

the reports over the weekend is that he has won the battle with janet yellen.ministration if she throws her voice behind jerome powell for another term. it will carry enormous weight. that decision is expected in early september. anna: if we think about what he has achieved, one of the big things is pivoting the policy. having been caught on the wrong side of the covid crisis, was that policy designed for previous eras? >> this was already in the works before covid came along and its implementation was delayed by a few months. if you look back at recent history, you see slow inflation -- covid accelerated the decision in the end. the decision is to allow inflation to run a little hotter , above target in the hopes that it will make up for losses in the past and that you see greater employment. but things change as and richards said, we have seen several economic cycles within a year. now, we have inflation well above target and company say they cannot find some of their workers. how does he match the reality with the vision? that will be a concern for him. he i

what treasury secretary janet yellen had to say in a phone call to house democrats today.s." y. you're watching "ayman mohyeldin reports. ♪ ♪ when technology is easier to use... ♪ barriers don't stand a chance. ♪ that's why we'll stop at nothing to deliver our technology as-a-service. ♪ ♪ give me, give me ♪ ♪ everywhere i go ♪ ♪ they bite my style ♪ ♪ when i put on a show ♪ ♪ they bite my style ♪ ♪ see me on the screen ♪ ♪ they bite my style ♪ ♪ they wanna be like me ♪ ♪ give me some of that fire ♪ ♪♪ ♪ give me some of that fire ♪ ♪♪ ♪ give me some of that fire ♪ ♪ fire, fire, fire ♪ - [narrator] at southern new hampshire university, we're committed to making college more accessible by making it more affordable. that's why we're keeping our tuition the same for all online and campus programs through the year 2022. - i knew snhu was the place for me when i saw how affordable it was, i ran to my husband with my computer and i said, "look, we can do this." - [narrator] take advantage of some of the lowest online tuition rates in the nation. find your degree at snhu.edu. >>> i

i hear rumors -- i have no facts to substantiate this, this is janet yellen's favorite indicator, her favorite piece of economic news, and it is her birthday. it seems appropriate. kailey: i i'm not sure this is the type they want to see. janet yellen has been making the case about the need to invest through long-term economic spending. we have news on that today. nine moderate democrats say they will not vote on the budget resolution until the infrastructure bill passes. they spent -- sent a letter to nancy pelosi saying with the livelihoods of hard-working american families at stake we cannot afford months of unnecessary delays and squandering this once in a century bipartisan infrastructure package. it is time to get the shovels in the ground and people to work. here is annmarie hordern. what is the house speaker to do when you have moderates on one side and the house speaker the other? annemarie: it will be a delicate dance and it is shaping up to be contentious because she can only afford to lose three votes and it does not look like she has them with these non-moderates put in t

janet yellen wants to back powell but what would a second term mean? scenario, bullish for the dollar. compared to the alternative, powell is clearly less woke than his employment mandate understanding then lael brainard. could be a second term for powell? powell has to corral the three schools of thought when it comes to taper. here is the dollar. it belies something which i think is much wider, which was the rally last week. bank of america said that rally in the dollar was driven by growth woes. peak growth. bank of america says the dollar rally was driven by the week asian sentiment, deteriorating in china. let me show you stocks. he reprieved in china, a bounceback in china. it is just the beginning of a floor. you have to be judicious in terms of where you put your money. asian stocks up 1.1%. my favorite line is when it comes to stocks, the analysts have never been as wide in their view of whether we are 1000 points up or down on equities in 10 years. that is the breadth of the range at morgan stanley. 70% downside, 8% upside. the dollar rose. l

i take it back janet yellen will speak about the infrastructure bill and the president's economic ify lily, i need a new wireless plan for my business, but all my employees need something different. oh, we can help with that. okay, imagine this... your mover, rob, he's on the scene and needs a plan with a mobile hotspot. we cut to downtown, your sales rep lisa has to send some files, asap! so basically i can pick the right plan for each employee... yeah i should've just led with that... with at&t business... you can pick the best plan for each employee and only pay for the features they need. [music plays.] ♪♪ ♪♪ ♪♪ >>> good morning, andrew treasury secretary janet yellen will make the macro economic case arguing ambitious policies are necessary to address the economy's most intractable problems we have seen a copy of the speech that she'll deliver in atlanta later this morning in it she called out four disruptive forces. declining labor forces, racial inequality and climate change. she said combatting that is essential to remaining the super power. quote, we've been used to america

want to get straight over to ylan mui and comments from treasury secretary janet yellen. >> reporter:cretary janet yellen is calling on congress to increase the debt ceiling through regular order with bipartisan support. in a statement that was out just moments ago yellen said that failing to increase the debt ceiling would cause irreparable harm to the u.s. economy and the livelihoods of all-americans she said that increasing the limit is a shared responsibility now this is important because gop senator mitch mcconnell has said he will not support increasing the debt ceiling and he's called on other republicans to withhold their support as well they say the democrats should try to do this on their own through the reconciliation process as they pass this $3.5 trillion spending plan however, we are expecting to see the text of that spending plan come out sometime today. i was told that it would not include an increase in the debt ceiling and now secretary yellen also waiti wading into this ande bipartisan support >> we will see are we going to be hearing from her directly 4rlater today

tonight, treasury secretary janet yellen. watch the beginning it 8:00 p.m. eastern here on c-span. >> sunday, c-span series continues. three more members of congress share stories of what they saw, heard, and experienced that day, including democrat dean phillips minnesota. >> at that moment they announced we should take cover, i stood up at the back of the gallery on the second level of the mezzanine come the representative from arizona -- at that moment i shouted out at the top of my lungs, this is because of you. i screamed at. and i think i was representing four years of angst and anxiety and anger. i think i represented billions of americans who felt the same way -- millions of americans who felt the same way. everyone recognize the fragility of our democracy. i do not like to violate the decorum, but i do not regret it because it is what i was feeling. it was four years of pent-up anxiety about what was transpiring in front of our eyes. >> this week, also hear from jamie raskin and brian fitzpatrick. january 6, views from the house, sunday night at 10:

as for reconciliation, the white house and janet yellen, vertically done outside of reconciliation, one to keep it bipartisan and stop making this a partisan issue because it is fraught with peril. mitch mcconnell seems to want to do that. i do not think he will succeed. second, because reconciliation limits what you can do there and doing it outside gives you more flexibility. yes? >> on voting rights. with failure not an option and everything on the table here, [indiscernible] sen. schumer: we have made progress and we are showing very clearly to everyone of our 50 senators that republicans will not join us. yet the importance of voting rights, if anything has strengthened in the mind of everybody, everybody, and senator manchin put down a proposal in june. not everything i would want in there but many things i would want. we will keep at it and are making good progress. yes? >> what you say to activist essay [indiscernible] sen. schumer: i would say we are going to keep at it, and as i said before, everything is on the table. >> senator manchin put out a statement saying he is concer

. >> we will hear from janet yellen. here on c-span. >> lawmakers examine the potential degree of a digital currency. they debate the pros and cons of such a move. they also talk about china's digital currency and global economic applications. the hearing is about two hours.

back in march nearly three dozen organizations wrote a letter to secretary yellen urging her to make transportation infrastructure and eligible expense. he talked about the of covid-19 onco transportation revenues and noted that last year 18 states and 24 localities announced delays or cancellations of transportationn improvement projects totaling more than $12 billion. these same three dozen organizations noted that the pandemic has impacted every state and community differently, thus the key flexibility. they said flexibility will be critical to ensuring funds are used expeditiously and with maximum impact. and that's really what we're talking about here sector biden's own transportation sector suggested as much. testimony before congress secretary buttigieg said the american rescue plan has some flexibility in it that he thinks can be usedd to support road budgets that been impacted. states and cities shouldn't just be able to spend this money. they should be able to invest it in projects and resources are communities need the most. this is simply a commonsense change both sides s

we heard janet yellen argue that over a period of decades, it is not really a here and now game for the inflation story. it is about longer-term productivity rewards for the u.s. economy. the next stage of debate over the broader multitrillion dollar package that mr. president wants will be more fractured. the question becomes how much can get done? manus: thank you so much. enda curran wrapping up the very latest moves from capitol hill. first word news with annabelle droulers from hong kong. annabelle: thanks, mama spirit world leaders face mounting pressure to end the use of fossil fuels after a you and backed climate change report warned time is running out to stop global warming from exceeding 1.5 degrees from preindustrial levels. coal is a major sticking point with india facing out of use of the u.k. says it will ease quarantine and travel rules to allow tens of thousands of officials to attend october's top 26 summit in glasgow. in the u.s., the delta waves that started in low vaccination dates in the south have engulfed the country with cases and hospitalizations at their highe

as for reconciliation, the white house and janet yellen, they preferred it be done outside of reconciliation to keep it bipartisan, to stop making this partisan because it is fraught with peril. mitch mcconnell seems to want to do that. i do not think he will succeed. second, because reconciliation limits what you can do there and doing it outside gives you more flexibility. yes? >> on voting rights. we have heard you say failure not an option and everything on the table. when you come back in september, [indiscernible] a path of what this will look like? sen. schumer: we have made progress and we are showing very clearly to everyone of our 50 senators that republicans will not join us. yet the importance of voting rights, if anything has strengthened in the mind of everybody, everybody, and senator manchin put down a proposal back in june. it had not everything i would want, but many of the things i want. we are making good progress and we will keep at it. it is so important. yes? >> what do you say to activists who say what democrats is doing is not enough, they need a lotto [indiscernible

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guy: bloomberg is reporting that janet yellen, is supporting powell being reappointed.anistan make that even more likely? i would have thought the president wouldn't want to be dealing with anything difficult right now, anything that is going to rock the boat, anything that could upset the market. does he just reappoint powell as a result of what is happening elsewhere? is that the easy choice? greg: absolutely, i think that the markets like powell. i think he is a shoo-in now after this leak could bloomberg over the weekend. there is an interesting angle, and that is powell is not an aggressive regulator. we know that. that has been controversial. if he had been replaced by lael brainard, who perhaps would have been an aggressive regulator, that might not have been a good story for the banks and financial institutions. if it is powell, at the margin, that is not a bad story for banks. guy: greg, always a pleasure. thank you very much, indeed. coming up, we saw the housing data at the top of the hour. sales of previously owned u.s. homes picking up in july. could a tape

we heard that from janel yellen today. she said that she believes monthly inflation will come down by the end of the year. yellen making those remarks while trying to sell the $3.5 trillion climate and anti-poverty package with another trillion dollar infrastructure deal. neil, that's a lot of money that a lot of people say will increase prices even further if it's passed. >> neil: yeah, that's what these companies are worried about. we're at a point that customers will say we're not keep paying thesen't and then a heap of trouble. thanks, susan li for that. let's go to edward gomez. runs a restaurant. an italian eatery. he has to go ahead and comply with the new restrictions in new york that everyone has to be testing negative for covid, preferably wearing a mack and just going to be a mess. for him, food for thought. his headaches are not over yet. very good to have you. now these are still a week or so away but they'll change how you do business. how do you police people on whether they have been vaccinated or not or wh

treasury secretary janet yellen saying today that if congress does not raise the debt limit, the u.s.n out of money, saying that it will cause irreparable harm to the u.s. economy. but even though yellen is warning that they are running out of money, democrats are moving forward with that massive $3.5 trillion reconciliation package. >> won't let republicans have any say in this monstrosity, but they want our help raising their credit card to make it happen. democrats want republicans to help them raise the debt limit so they can keep spending historic sums of money with zero republican input and zero republican votes. >> reporter: democrats can raise the debt ceiling but putting it in the reconciliation bill, but they are calling republicans' bluff. senator sanders saying he thinks republicans will get onboard, saying at the end of the day, republicans understood at the end of the day, they are not going to destroy the economy. the u.s. will always pay its bills. there are some democrats in the senate that are worried about all this spending going out the door. jerome powell last wee

visit ncicap.org] tonight on c-span, treasury secretary janet yellen talks about the presence budget proposal -- president's budget proposal. senate majority leader chuck schumer holds a news conference on the senate -- agenda. lieutenant governor kathy hochul holds a press conference after the governor announces he will resign after allegations of sexual harassment. ♪c-span is your unfiltered view of government. we are funded by these television companies and more including buckeye broadband. ♪ ♪ buckeye broadband supports c-span as a public service along with these other television providers, giving you a front row seat to democracy. ♪ treasury secretary janet yellen talked about the president's budget proposal at a hearing of the house ways and means committee, including infrastructure investments, the post-pandemic economy,

her endorsement for powell to hold on to another term according to bloomberg, yellen told senior white house advisers she favors renominating powell whose current term ends in february the treasury secretary support would be a big boost for powell, because she's run the fed herself. the state department, by the way, in other news, reportedly been hit by a cyberattack. in recent weeks we're told that the hack did not disrupt operations in any way. we're not getting a full picture of the extent of the breach and whether there are ongoing risks to any operations as state department spokesperson tells cnbc they can't discuss the nature or scope of the alleged cybersecurity incidents. >>> and the pentagon is ordering u.s. commercial airlines to provide planes to help speed up evacuation efforts in afghanistan. those planes will not fly into kabul, instead used to transport evacuees from military bases or transit hubs in europe and the middle east. that order involves 18 aircraft total from american airlines, delta, united, atlas air, omni air, and hawaiian airlines brian? >> all right, cont

joe biden is on board with janet yellen may get his next four years at the fed. get the first word headlines. anchor: we start with president biden who may extend the full withdrawal from afghanistan. he promises extended efforts to evacuate americans have struggled to reach kabul airport. 7800 people were airlifted out of the weekend, bringing the total to more than 25 thousand. his remarks come two days before a virtual meeting with g7 leaders. su: the exiled central bank chief warns that the new tele-been led government is facing a potential economic crisis. he told bloomberg news that the afghani may see renewed weakness after the currency reached a record low last week. but most of its 9 billion in assets frozen by the u.s. and imf, the new government could turn to other countries for financing. >> still have to find additional revenue resources, wherever that may be. they may try to go up to other countries to replace the u.s. and maybe china, pakistan, or other regional countries to find some source of finance. su: you can hear more from that interview wit

people, it is complete and utter nonsense. 2% inflation, which is made up by ben bernanke and janet yellen is an arbitrary number. it never existed before in fed literature. and the federal reserve was wrong about 2000. they were wrong about 2008. currently, they are pumping in $120 billion every month. $40 billion of that is buying mortgage-backed security in a housing bubble. stock prices are at the highest they have every been -- they have ever been since 1929, since 2000. host: you bring up a lot of points. let me let thomas hoenig respond. guest: what you are saying is accurate. in fact, when the u.s. decoupled itself from the gold standard, it allowed for the free printing of money, of fiat currency. we have seen in a norm is increased in the amount of money -- an enormous increase in the amount of money the fed has created over those decades. in the last crisis, they did create money. here is where -- what i think is important. if you have a crisis as you had in 2007 and in the pandemic, it is reasonable for the central bank to provide liquidity because the markets freeze up. you ca

in the meantime on the financial front, treasury secretary janet yellen is making a move to prevent theg any funds for its regime. yellen has frozen nearly $9.5 billion in assets, sitting in the afghan central bank and has ordered all shipments of cash to afghanistan to immediately be stopped, and exile president ashraf ghani who left afghanistan over the weekend is now denying reports he stole millions of dollars on his way out of the country. the former leader resurfacing today in the united arab emirate saying he left to avoid blood shed. let me look at regeneron shares not only are they climbing at least they were climbing higher they are now reversing at the moment, down 1.6%, they are also at the center of a trending tornado. republican leadership in states hit hard by the delta variant have been promoting the company 's monoclonal antibody treatment. the drug, and here is where the a little bit of controversy comes in, is being touted by florida governor ron desantis who ramped up calls across the state for floridians infect ed with covid-19 to seek out the antibody treatment but

tonight, we will hear from janet yellen. watch that at 8:00 p.m. eastern here on c-span.ost: this is bob bigsby, the executive director to talk about spending issues and particularly, the debt limit. good morning. guest: good morning. host: could you remind viewers about the coalition and how you are financially backed? guest: we were started in 1992 by two former united states senators. and a former commerce secretary. the idea was to have grassroots organization that would be based in washington but be active around the country to focus on issues of fiscal re

even janet yellen has endorsed it. but it might not get a vote. if it does not, the original crypto language would be in the bill. that is the language that has the industry up in arms in the first place. there is the optimism, but it's not just going, it is ether as well. there is definitely a risk here. caroline: talk about exactly why they are up in arms. the know your customer, it really would stifle some of the growth in decentralized finance in particular. katie: it is a little in the weeds but if you look at the miles between these amendments, what it really boils down to is what entities qualify as a broker. because this entire language is concerned with what cryptocurrencies have to report their transactions to the irs. the original language is too broad. it does not capture just brokers. you could have software developers, node operators caught up in that language. this current compromise narrows that a little bit. the crypto industry seems to be very happy with it. but it is unclear if it will be included in the bill. romaine: who is th

let's make some plans to away or let's go alina yellen still be a little tomorrow. hope will be a little sleet. the the best news ever. so go ahead and scan your take your phone out, going to scan that qr code because remember, we've been compiling. >> a list of all these really cool amazing places to go. >> some hidden gems up in napa and lake tahoe you to just meet summers here. you don't want to miss out on all the things that you can do and the weather looks great, too, by the way, if you were thinking about staying at home or stay inside the house. this is a week its really get out because you don't want to take advantage of the sunshine. good morning, john yeah. i love that sunshine and we have seen plenty of that for sure. so why not just soak it in up in the wine country. >> we're looking at conditions this morning. not so obviously the sun's not up, but it is foggy out there looking at your nor cal how the weather center forecast to start the day very, very gray fog is going to be most intrusive today backing off a bit later in the week. and with that absen

janet yellen, treasury zack greinke -- treasury secretary, not a fan of cryptocurrencies.ler of the sec in america, the most important regulate knows a lot about cryptocurrencies and used to even lecture about them. people were optimistic he would be a big fan, but he got his new job and it is clear he wants to regulate, and in ways people might not like who work in the industry. all it takes is one excuse to clamp down, a good excuse. th -- they used to use terrorism funding and that it facilitates crime and all of that, but those arguments were easily refuted by saying nearly all crime is financed by dollar notes, suitcases full of money. now, they have got the better excuse, the environmental one. bitcoin does use a lot of electricity. i take john's point about how the banking system also uses a locked up electricity, but the problem at the moment is that bitcoin doesn't actually do much that is useful like the world banking system does. it facilitates all these incredibly useful transactions, the banking system, that keep the world economy going. bitcoin doesn't do tha

you know what the red queen is, is basically jerome, how and before him janet yellen. and before her been pronouncing alan greenspan ok, they want you to run faster and faster just to stay in the same place. and they call that positive economic growth, that this is what they're seeking to achieve with never ending money printing. and now like with the, the notion that we're going to have some central bank, digital currency, c, b, c's as they're known, whereby the take your money from you, if you don't spend it fast enough so that they can stay in the same place so that their profit levels and profit margins and their control stays in the same place. right? well, we've talked about the ratio money printing versus g d, p growth and going back 20 years. you know, you, you, you centrally to get one unit of g d, p growth. you would print for dollars. yes. and over time, what's happening today is that an incident amount of money printing has created 0 g d p growth by g d, p growth is stalled, essentially flat. the, china's is going up. but america flat because they overprint

guest: yellen and marty walsh sent a letter to lawmakers that said it's appropriate for these jobless benefits to rollout. we are better off as an economy. if you are a state that is having trouble getting people back to work, a lot of people are not able to get back. you can use part of your money that was in the stimulus bill and keep some of these benefits going. the labor department is supposed to come out with guidelines for how they can do this on their own. host: sylvan lane reports on the economy for the hill. this is martin in new jersey. you are on with our guest. go ahead with your question. caller: good morning. how are you? i am going on 62. i worked at the same business for 40 years. i was making a good wage. i had decent health insurance. i've bent on unemployment since this started. when you go to get a job now, they are hiring part-time. they don't want to hire full-time. they are hiring at minimum wage with no health care. i am stuck in the middle. i'm thinking about taking early retirement. i would have to take a part-time job to keep up and pay my bills and keep up

sure, you are celebrating that agenda yellen announcing the global minimum corporation tax. or will it just encourage companies to go to countries that don't have it? i do celebrate this deal is the perfect not is it better than anything i could imagine 7 months ago when you might remember, we had a president trump in the white house. this was going to be impossible at that time . now we're talking about the possibility of actually having a us lead but international coalition of a $130.00 nation states, agreeing to set up a minimum global tax record 15 percent now. barrel cap. yes. caveat thought the applies to some very large companies. it is going to by large pay the additional taxes to countries like the usa and the u. k. and not to develop countries of the world that may well need that money more than you can. the usa do right now take the time when they are under stress as well, and measures in this be able to tackle the tech companies look to be pretty how hot it is better than no deal in terms of moral leadership biking is providing some here. so i've got to congratul

adriano who is running the treasury department was a former deputy national security adviser secretary, yellen is no stranger to financial and economic crises. so from my vantage point is the former treasury act as a full competence in the treasury department leadership and their expertise. and wealth of expertise to address this crisis moving forward. working with the international community, working through the international financial institutions like the world bank. i am at the international partners to find inappropriate way for that protects the united states, including our national security interests with counterterrorism. financing being our primary concern, sanction being another concern. well, also ensuring that we are helping the afghan people. okay. alex said in grades get your thoughts. thank you so much for joining us on al jazeera. we appreciate it. thank. thank you so much. thank you. connect. the united nation says the by the thirds of its $300.00 strong staff will be leaving us, ghana, stan, due to the bullets all situation there. that's display growing calls of un to step up

treasury secretary janet yellen to intervene at the to prevent access to the fund. bloomberg's learning details about the types of questions the fcc is asking chinese companies applying to go public in the u.s. we are told those questions focused on their offshore corporate structures. queries include the nature and direction of cash flows through so-called variable interest entities which allow for certain -- on foreign ownership. the fcc has also asked for disclosures on political and right were risks in china. two u.s. senators want the federal trade commission to launch an investigation into whether tesla uses deceptive marketing practices by labeling its driver assistant systems as autopilot's and full self-driving. in a letter, the lawmaker said the automaker has "repeatedly overstated the capabilities of its vehicles." they say that could lead to potentially deadly consequences. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am vonnie quinn. this is bloomberg. sh