Leaders of bureaucratic institutions have tried before so it was new for the world and grip. I am glad we did it. If we had not done it, we would have to start now. That is my advice. Get great help and then figure out what you need to do and then just get started and finished as soon as possible. Jim yong kim, rebecca blumenstein, thank you. [applause] wisconsin resident of paul ryan also spoke at the wall street journal annual conference. The chair of the ways and Means Committee discussed tax policies. This is about 30 minutes. Can really welcome, congressman. Good morning to everyone out there. I want to Start Talking about the news out there. You and another center senators sent a letter to the Treasury Department talking about basically version and proper shifting project. It has not gotten a lot of attention, but it seems to be a big deal. Talk a little bit about what was in the letter and how you see that in terms of your own efforts to work on the tax code. Rep. Ryan it certai
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
My colleagues have asked for a second round and we are going to do that. I hope people will help us move this along. I will reserve any comments i have to make. Senator lets go back, if we mnuchin. Were cut for the while 2 percent that sure looks to me like what we agree is going to be called rule, absolute tax break for the wealthy. You agree with that . Again, we want, to work on and imis very specific asking you for a reason. I dont want to have to repeat it. For the topat cuts 2 while eliminating credit for those who are low and middle income. Doesnt that violate the mnuchin rule . Mr. Mnuchin we need to look at the overall tax plan and as i said, the primary objective is to deliver a middleincome taxcut and tax simplification on the high end. Senator you are already fudging on this commitment that you made to the American People, that he wouldnt give an absolute tax break to welltodo people. The reason i am asking this is because this is exactly what aca repeal was all about in th
Jonathan no time to enjoy that in the markets this morning because it is deep red across equity markets. Equity markets down in europe. 1. 36 on the ftse 100 with a miners leading losses. S p 500 futures negative. Switch of the board to japan. Dollaryen, down by. 9 . Three years and a day since the kuroda experiment began. Yields in germany. You have to go to two decimal places just to get one. To thesis points days where yields were around five basis points. Wti down to 35. 64. What is happening in the markets. Stephanie i want to give you a quick headline crossing twitter. Really getting big and the content game, far fiat beyond 140 characters. They will be streaming thursday night games. Is this the kind of business that yahoo wanted to be in . David facebook was in discussions with this and they decided not to do it. Stephanie yahoo wanted to be in this and but for is a meyer is using a different strategy, needs to up their game, and they are trying to do it on the field thursday n
Complicate things. Welcome to countdown. Anna we have some breaking news coming out. Bill on the comments yesterday evening. Charles evans said the feds have will depend on the economic outlook. Channeling janet yellen carry too early to tell if inflation rebound is sustained. This is the chicago fed president evans who has said that two rate hike this year will be appropriate. Duck killing what he said yesterday the market is very much mistaken if it thinks we are just going to get the one hike this year. This Charles Evans latest comment. Anna those concerned about whether inflation rebound is going to be sustained echoing what we have heard from some of the other more dovish comments we had last week. Worried aboutas whether inflation would be sustained. Compounded with retreating oil prices. Where oil goes, stocks follow. We were wondering if that link would break down. It seems it has been reinstated by the session. Asian stocks hitting a fiveweek low. Index is justld beginning to