Treasury collaboration with congress is vital to the admission and we are working to make it that way. I look forward to answering your questions. Thank you, appreciate your comments at the Regulatory Reform and protection act and appreciate your encouragement that would move quickly. I appreciate your comments on Housing Finance reform, my highest priority in many. In the annual report last year, one recommendation was the regulators and Market Participants continue to take steps to encourage private capital to play a larger role in the Housing Finance system. I agree with that goal. Can you elaborate why it is important to play a larger role in what steps you believe we can take to further encourage . I believe in the importance of the 30 year mortgage. It is important to the economy and as we look at housing reform we need to look at fannie mae and freddie mac and the risks. Im openminded to Many Solutions and had some very productive conversations with several members of the commit
Finance. Viableude this is not a option. Activities,diminution worked wo find a solution and find a balance between taxpayer an annual access to credit. Four years ago, a bipartisan. Roup passed this committee we have an opportunity to build on that effort and create a broader coalition of republicans and democrats to pass a bill. Nto law it remains one of my Top Priorities and i look forward to continuing with secretary mnuchin and other stakeholders throughout the process. Washer focus of this report Cyber Security. Area due toty is an the increasing criminals and growing scope and scale of icious malicious fax attacks, including data breaches. The maliciousness in the probably can private sector keeps growing at an alarming rate and seems to have impacted the majority of all americans pare the council made recommendations to specifically address security risks, including greater collaboration collaboration. It is critical that personal data is affected by both the government and ind
Belated happy new year. Just wondering what you think about where we are today given the year weve just finished and people are talking about this move in rates. You said everything when the ten hf year goes up to 272, the First Quarter is going to be a powerful earning lift. The market hasnt overly discounted that. The non u. S. Part is strong. Currencies are going to provide a tail wind. The second part which is more confusing is that in the Fourth Quarter in the last two weeks of the december, a lot of companies did a lot of things like putting extra money into their Pension Plans and were still working our way through that secondly, the the analysts are just adjusting i have 40 analysts that work in my team and theyre still figuring out what theyre doing on the team and the tax rate now youve got earnings are going to be good good the second quarter. Then what happens is the multiple thats a function of psychology, which is powerful. Rates. Then the flow of funds to buy the same st
News of more pipeline and refinery disruptions are all in the aftermath of Hurricane Harvey now reports of more storms brewing. Well break down the impact on energy prices. And explosion and fire at a Chemical Plant in texas. Were live on the scene with the impact. Scary stuff trying to figure out if its toxic or not we bring with treasury secretary Steve Mnuchin picking up President Trumps baton who spoke to our Steve Liesman earlier with hoy lights of that conversation. Thank you very much u. S. Treasury secretary Steve Mnuchin sitting down exclusively with cnbc saying the detailed plan cometh despite criticism that President Trump was promoting a plan without detail. Mnuchin says there is a plan, and it will be released within the next few weeks. Originally our goal had been august unfortunately, things got delayed a bit, but were on a track to get this done by the end of the year, so youre going to see the details come out later this month its going to go through a committee proces
Blake burman is at the white house and our Political Panel is ready to react. And finally, the sun breaks out in texas today, the Harvey Recovery efforts picking up the pace. The storm reduced to tropical depression but moving to the middle of the nation as the death toll stands at 31 and growing. Were going to talk to retired Navy Captain Chuck Nash to compare and contrast that but right now lets go to the white house and the press secretary. Questions related to hurricane harvey, and as you all know the president was in Corpus Christi and austin earlier this week and today at the president s direction, the Vice President , mrs. Pence and five cabinet secretaries are back in texas meeting with local officials and storm survivors and thanking many of the First Responders and other volunteers. The president s team here working around the clock to support state and local authorities following the storm, and now want to bring up tom bossert, the president s Homeland Security adviser to pr