C the committee will come to order. Without objection, the chairs authorized to declare a recess of the committee at any time. This hearing is entitled promoting stability, reviewing the administrations deregulatory approach to Financial Stability. I want to inform all concerned that this meeting will end at 1 00 p. M. Per the request of the secretary. I now recognize myself for four minutes to give an Opening Statement. So let me welcome back secretary mnuchen. Today we are here to discuss the Trump Administrations actions that have undermined and not promoted our nations Financial Stability. As i have said many times before, i am very concerned about this administrations actions to eliminate important protections for consumers, investors and our economy. It appears that our banking regulators are following the deregulatory blueprint that the Treasury Department, under secretary mnuchens leadership, has mapped out point by point and rolling back many of the Critical Reforms democrats
This is nothing this is something we should work on, and the work on this predated me coming to treasury and this has been a long time, and as i mentioned earlier, we may come back to congress and suggest that you pass legislation. I would ask you, this is not on your 2021 calendar. This should be on your december calendar. I agree. I look forward to working with you. I need to know whether you need legislation. I need to know what you need and we need to make sure that are 2 billion of outstanding debt where people kbts determine what interest is supposed to be paid, and i want to move on because i do chair the asia subcommittee for another week, and we focused on china. China could end up with 1. 5 billion of world bank loans. This is under discussion now. Chinas income has exceeded the level where they should be eligible for these loans and the Chinese Government has enough money to put a million uighurs behind bars and to build a military complex that destabilizes the world so it s
With 60 minutes about irans attack on saudi arabias most Important Oil producing site, the kingdoms relationship with the United States, and charges of human rights abuses. Chief among them did you order the murder of Jamal Kashoggi . The plot to kill critic and columnist Jamal Kashoggi. What kind of threat is a newspaper columnist to saudi arabia that he would deserve to be brutally murdered . ticking if youre standing there, you dont know the half of it. You have no idea. No idea. Hes like ten feet offshore. Thats a great white shark lurking just off the coast of a popular cape cod beach we wanted to know why these awe inspiring animals are coming closer to our shores. So we went out into the north atlantic with two groups of scientists. And yes, at some point we actually needed a bigger boat to see what theyre finding out about the great white shark. ticking im lesley stahl. Im bill whitaker. Im anderson cooper. Im norah odonnell. Im scott pelley. Those stories, tonight, on the 52nd
Us have observe and supported this relationship from deepening our count eerterrorismcounterte. The challenge has been to reconcile close, effective cooperation on National Security issues while remaining faithful to two very different value systems. The nature of our military cooperation, human rights violations, addressing regional bad actors and more demand attention and likely change. These issues are ripe for informed, dispassionate review. We are fortunate to have an experienced group of panelists today to delve into the factors at play affecting the u. S. Approach to saudi arabia, our relationship and its future. However, before i turn to todays program, i would like to say a few words about the middle east policy council. The council was established in 1981 for the purpose of promoting dialogue and education concerning the United States and the countries of the middle east. We have three flagship programs. Our quarterly capitol hill conference such as todays event. Our quarterl
Good evening in a moment we bring you the news at ten, but first, a reminder of the top story this evening. The conservative Leadership Contest evening. The conservative Leadership Co ntest d own evening. The conservative Leadership Contest down to the last four candidates, after rory stewart was eliminated after finishing last in the third ballot at torrey and peace. Borisjohnson the third ballot at torrey and peace. Boris johnson once the third ballot at torrey and peace. Borisjohnson once again won the lions share of the belt with 143, followed by jeremy the lions share of the belt with 143, followed byjeremy hunt with 54 and michael goes on 51. Sajid javid remains with 38 but it was rory stewart who mustered the least, 27 this time around. He drops out of the contest leading the four candidates to battle it out in the next round of voting. Earlier this evening, rory stewart gave us his reaction to being eliminated from the leadership race. Im disappointed because i think our countr