[inaudible conversations] senate reconsider the consideration of the tax cuts in jobs that and begin by walking through with the chief of staff from the joint committee on taxation following the conclusion of this process which will likely take some time it will be provided to members later today. Because of a large number of amendments we have processed a modified mark will be given to members later today and then everybody can have time to read over the modifications. We will reserve the markup for tomorrow morning with a the modified mark i appreciate members participation of yesterdays session and was glad to hear everyones initial thoughts however the number of issues were raised the required additional responses that characterization the bill as a massive tax cut for the rich that particular claim was repeated by almost every minority member of the committee but it is just not true. The committee on taxation has concluded not only does it maintain the tax code but the largest tax
Here to talk about the tough choices facing the gop is Stephen Dennis and washington and our National Political reporters to help the poor. Great to have you on the show. The problem is if you scratch the surface and you did not need to do that on either of these issues whether its tax reform. Ere Health Care Divisions there seems to be divisions on which path forward you are choosing. Stephen absolutely. The republicans are facing a really tough choice now that they really want to double down and sort of the don quixote going after that windmill of repealing obamacare once more and shoe up the fall or pivot to tax reform, which is going to be equally tough, maybe even tougher. If they dont make a decision quickly, this could easily chew up both issues. Kevin i want to play for you a sound bite from senator jeff flake, a republican from arizona. This morning him about where all this is headed and whether or not the administration sure referee the republican political civil war or try t
Now treasury sect nominee Steven Mnuchin testifies before the Senate Finance Committee Help faced questions on hi as ceo of one west, bank that foreclosed on thousands of home owners after the 2008 downturn. This portion of the hearing is three and a half hours. Committee will come to order. Welcome to this more mornings hearing. Well discuss the nomination of mr. Steven mnuchin to serve as secretary of treasury for the Incoming Trump administration. I want to officially welcome mr. Mnuchin for to the finance committee. I certainly appreciate your willingness to appear before us here today and to serve in this important position. The position of treasury secretary is among the most important in the executive branch. The next treasury secretary will be asked a lot of questions that are going to very, very important here today. Well be talking about advancing policies that will improve our inagurations economic and fiscal outlook. This position oversees the collection of taxes and the ma
Senator hatch committee will come to order. Welcome to everyone to this mornings hearing. We will discuss the nomination of mr. Steve mnuchin to serve as secretary of treasury for the Incoming Trump administration. I want to officially welcome mr. Munchin to the finance committee. I appreciate your willingness to appear before us here today and serve in this important position. The position of treasury secretary is among the most important in the executive ranch. The next treasury secretary will be asked will be asked a lot of questions that are going to be very, very important here today. They will be we are going to be talking about advancing policies to improve our nations economic and fiscal outlook. This position oversees both the collection of taxes and the management of our debt and in addition, as Congress Works to reform our nations tax code and fix our broken health care system, it is absolutely essential that we have a cooperative partner overseeing reasury. That is, quite f
Table seat at hillarys fund raising. An obscene amount of money say supporters who threw money at her mode cade. And the host George Clooney agrees its obscene. Wow, its a big day. Varney company is about to begin. To ecuador, over 200 killed from a quake along the coast. And the magnitude 7. 3. Nine dead from 6. 5 in the same area thursday night. 1500 people injured in those two quakes. How, toyota says its going to suspend much of its production of plants across japan this week and honda and sony suspending some production runs. Nissan, operations will resume today. And the japanese stock market took a hit following those two quakes. Were looking for lower opening at todays market. Opening at 9 30 this morning. Its not a major selloff though. Down maybe 60 points. Not a major selloff considering whats happening to oil, which is way down. No production freeze. That means the big supply glut continues and thats sending prices down to 38 a barrel. 4 lower today. All right, ashley. Ashle