senator toomey. >> thank you. welcome back. under president biden the treasury department has advanced a number of troubling international policies some of which are clearly intended to circumvent the will of congress. let's take sanctions to start with. the administration has offered sanctions relief to some of our adversaries in the unrealistic hope they'll make concessions against their very nature. consider iran for instance to entice iran to re-enter the administration appears willing to lift sanctions on iran. then the administration hopes that iran will commit to cease supporting terrorism and curb its ballistics missiles program. let's be clear. once sanctions are lifted iran will never limit its behavior. the administration clearly intends to repeat the mistakes of the obama administration and re-enter a treaty with iran despite bipartisan opposition and without senate approval. in addition the administration has repeatedly failed to comply with mandatory sanctions laws. also let's look at iran. since president biden w

i think senator toomey, and craig who was chair when i was ranking. we were able to make some important progress making russia, north korean -- to me and i have worked together on sanctions, to help on sanctions that have taken a toll. another story from the public radio today about what has happened to far to many countries. we will be able to build on the progress that we've made, with president biden and the secretary. two weeks in this committee we have explored the crisis in afghanistan and senator toomey asked how we could get more aid to the afghan people without resources falling to the afghan peak -- to the taliban. aid has increased to the afghan people. we continue to work with them, despite sanctions across the country against the taliban's. we will talk about monthlong sanctions, and treasury speaker. we will follow with agencies across the country, and others as well in a way of private sector actors including banks, nonprofits internationals, and sanctions -- to re-examine important questions on are public -- they have the right sanctio

but you won't send senator toomey a copy. you studied at university, at moscow state university, scientific communism, which is the science regarding the working class struggle and the socialist agenda. in 2019, not 30 years ago, in a canadian documentary, you called the financial services industry, quote, a quintessential asshole industry. you wrote a paper called systemically significant prices, calling for the federal government to set wages, food, gas prices. in 2020, you wrote a paper called people's ledger where you said we need to abolish bank accounts and have everybody set up an account at the fed where the federal government will have access to your data. in 2020 you wrote another paper called the climate case for a national investment authority where you said what we need to do to the oil and gas industry is have the federal government bankrupt so we can tackle climate change. in 2019, you joined the facebook group, a marxist facebook group, to discuss socialist and anticapitalist views. now, that's what i see from

chairman. >> thank you, senator toomey. the committee is adjourned. >>> c-span is your unfiltered view of government, brought to you by sparklight. >> sparklight supports c-span as a public service giving you a front row seat to democracy. >>> american history tv, saturdays on c-span 2, exploring people and events. fred baer discusses his book, "to rescue the republic and the crisis of 1876" in which he argues that grant's presidency has been underrated. it runs in conjunction with the opening of the new york historical society. it includes bob woodward and a keynote address by bob caro. saturday on c-span 2. find a fuel schedule in your program guide or watch online any time at c-span.org/history. >>> former officials at the trump and bush administrations testified on

so she hasn't responded to senator toomey. as i mentioned in a reference to a 2014 book entitled the end of banking, she wrote, quote, by separating their lending function from the monetary function, the proposed reform for the fed will effectively, quote, end banking as we know it. that's a really interesting radical idea. that's 2014. these are her ideas. these are her ideas. and if there's any doubt about her continued interest in marxist ideology, it was recently reported that she joined a facebook group called, quote, marxist analysis and policy which according to the group, quote, stands for the self-emancipation of the working class and socialism. unquote. recent -- this is recent. this wasn't when she was at old moscow state university. recent. she has not said that story was wrong about her facebook group so we can only assume it's true. did she join that group to espouse democracy in the free market? here are the group's rules. quote, support for the torrey party is not acceptable, a culture of diverse marxist, socia

chairman. >> thank you, senator toomey. the committee is adjourned. ♪ >> tonight on q&a -- >> i know so many people will look at this book and say, i want to know the story of how america became this so-called melting pot of different cultures and cuisines, a place where you can get mexican cooking on one block and indian cooking on the next and then jamaican cooking on the next one after that. i want my readers to understand that there is so much struggle embedded in that wonderful reality and you see that struggle and the stories of each of these women and we should honor that struggle as much as possible. >> award-winning writer might extend discusses his book teased makers, profiling several immigrant women and how they transformed american cuisine during the second half of the 20th century, tonight at 8:00 p.m. eastern on c-span's q&a. you can listen to all of our podcasts on our new c-span now app. ♪ >> c-span's washington journal. every day, we take your calls on the dues of the day and we discussed policy issues

chair brown: as we close, senator toomey. senator toomey: thank you. just a few points to wrap up. first, i'd like to respond to my friend and colleague, the senator from montana, that brought up tax reform. in the wake of our 2017 tax reform, we had the strongest economy in 50 years. we had all-time record low unemployment. we had wages growing. growing fastest for the lowest income workers. we had inflation that was modest. and in fact, we were narrowing the gap between high-income and low-income people. oh, and by the way, tax revenue collected by the federal government was growing. i also want to touch on the important point that senator cramer correctly made. the c.b.o. has not said the build back better bill will be fully paid for. he correctly noted that it would result in an increase in the deficit totaling $367 billion over the 10-year period. not counting any additional revenue. that would be generated by additional funding for tax enforcement. but when you take that number into account as well, which is $207 billion, you are still left with $160 billion estimated increas

liz: i'm sorry, senator joe mccarthy, senator toomey. charlie: don't go there. liz: i'm half russian, back off. wait a minute, challenged ms. omarova on her view of cryptocurrency. charlie gasparino, now with all due respect? charlie: let's put senator kennedy's comments in context. this is not a joe mccarthy moment. clearly not. liz: okay. charlie: senator kennedy was raising legitimate issues about her background. she went to moscow state university, yes she's a former soviet citizen, whose not a soviet citizen now but even as she renounced that citizenship, you should hear some of the crazy stuff that's coming out of her mouth. this is not someone i know plenty of people from the old soviet union that hate come communism, think that the communist system is horrible this is not what we have here, because her more contemporaneous comments suggest she is a socialist wants to put companies out of business for collectiveness efforts, she said that, i mean, it's widely documented, so while that snip- it in that very narrow context sounds like he's being too tough o

people here tonight that i'm jacked up about in terms of being able to win pennsylvania and follow pat toomey. the winds are moving in our direction politically in the world is getting more dangerous as i speak. the world needs strong leadership. the world needs the socialist agenda to end in the house. the state of israel needs a more reliable partner. 2024. if we do well like i think we will in 2022, we are back in the game. who's going to be the nominee? i don't know but i do know this. donald trump was a helluva president. from the time he gets up and goes to bed, they are trying to destroy his life and his family. all he went through, i don't know who -- how he went through it. he could be his own worst entity -- enemy. that's true. he did things that nobody else could do, that needed to be done. he knows a bad deal when he sees it. he convinced mexico to help us for a change. you know i mexico helped us? they were afraid of donald trump. after you take on china and put tariffs on their products, do you think mexico believed trump when he said, i will put tariffs on your products? the ab

editor pat toomey. this is -- u.s. senator pat toomey. this is bloomberg. let's check in on the bloomberg first word news. berlin is imposing wide-ranging restrictions aimed at curbing the latest covid to search. adult -- the latest covid surge. adults not vaccinated are banned from nonessential stores and hotels. those who are vaccinated still need to wear masks at restaurants and salons need to be tested to go to places like nightclubs. the committee in the european parliament writing tech laws has graded measures that could affect u.s. companies. apps may be forced to be interoperable. also companies may have to stop targeting some apps to minors. there's never been a coordinated attempt like this to bring down oil prices. the u.s. will release 50 million barrels from its -- from its strategic petroleum reserve. the decision to discharge oil came after opec and its allies rebuffed calls to significantly boost production. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countr

senator toomey and i wrote to the secretary back in june applauding for sanctioning some individuals and raising the question about whether or not the administration is successful in any financial institutions that facilitated those. there've been conversations since but as of today is it your testimony that the department of treasury cannot identify any financial institutions. we haven't found financial institutions that would facilitate those types of transactions, but it's something we are continuing to look at. to increase the cost of people that take these kind of actions and from your perspective not only doing this unilaterally but with our allies is critically important as well. >> let me turn to another piece of legislation. despite the fact that a un group identified lots of financial institutions either the previous one or the current administration, the biden administration imposed sanctions on any of these financial institutions such as the passage of the act. to identify any institutions helping north korea violate the sanctions regime? the financial institutions that h

republican senator pat toomey, is he yacht going. thanks for inviting us into your home tonight that's it for "special report" fair balance and unafraid. "fox news primetime" hosted by lawrence jones right now. hey, lawrence. >> lawrence: welcome to "fox news primetime" i'm lawrence jones in new york. tonight we start with the kyle rittenhouse verdict. the media spent the last few weeks insisting none of the facts in the case mattered. to them only important thing was the color of rittenhouse's skin. >> let's just do the thought experiment. just imagine rittenhouse is a young black teenager. >> if he were black, would he be free now. >> no. he wouldn't be alive now. >> imagine if kyle rittenhouse was an

powell and janet yellen think about the twist and senate banking ranking member pat toomey will join us ahead of a key hearing in congress. the final hour of"squawk box" begins right now ♪ >>> good morning, welcome back to "squawk box" here on cnbc live from the nasdaq market veith on time's square i al am joe kernon, along with becky quick and andrew ross sorkin u.s. equities are down, live resuming after a weak rebound yesterday. but it was a rebound and further yields also a feature. we're nowhere near the recent highs on yields of 1-7 we are down to 1.439 becky and andrew, it made me think, stalk all about it. remember he said it this way remember the fed-ex commercial, the guy says something then the fed-ex goes, didn't i just say that yeah, but i said it this way. >> nothing in print. >> it's in the print >> that's exactly what he told us he put it in print is that what's really causing it >> i think a lot of this, the comments we're anticipating from the federal reserve chief j. powell at 10:00 a.m. we have been talking about those comments and anticipate. and the fed is not

let's bring in senator pat toomey. senator, thanks for being here. >> hey, bret, thanks for having me. >> bret: what's your reaction to this move by the president as we see gas prices high. as we start heading into the holidays? >> it's unbelievable, bret. like, let's be honest. what was the first thing or certainly one of the very first things this president did was shut down the keystone pipeline, a tremendous source of oil. suspending the ability to drill for oil and gas in places where we have oil and gas. and so, nobody should be surprised and i don't think most pennsylvanians are surprised that prices are going through the roof. supplies are shrinking. now the president goes around pleading with opec countries to increase their production. how ridiculous. this isn't going to work. streak oil opec can decide to scale back to produce to make sure the prices stay high. you fundamentally you can't begin the process of crushing supply and not expect to see a price spike. >> bret: here is the president and the energy s

these things but you can imagine things will f indeed get tough er we have a statement from senator toomey, sake i look forward to confirming his nomination. is it a no-brainer or not? >> it's much easier to get powell through if you were going to expansive about this appointment, you could say, is this the beginning of a tack to the middle by biden after what happened in the off-year election this past november, and whether or not -- this is -- one of the few times, carl -- you follow this as well as i do, that he said no to the progressive wing of his party. you had three senators as ylan mentioned, warren, merkley, sheldon whitehouse, all have said they would not vote for powell frankly the president had let this become sort of a political circus, where he let his own party dictate what should happen certainly there's a centrist aspects to this. we'll see if it's something different. >> and we look forward to reaction from all corners today. steve, thanks. that's our steve liesman, sort of folds into other news >> i sent him in inquiry, we have all these instant mil milli millionaires h

say he may join a crowded field of republicans looking to replace retiring pennsylvania senator pat toomey and he could have a shot now that the trump backed candidate has dropped out. >>> we turn to an unusual adoption battle. it involves a couple trying to get their kids back from a surrogate, but there is a twist. here's abc's megan tevrizian. >> reporter: this morning a michigan family is fighting to adopt their own biological twins. >> since they got out of the nicu, we have had them with us every second, but we are still not listed on the birth certificate as their parents. >> reporter: tammy and jordan myers telling "people" magazine about their struggle to gain custody of their babies ames and ellison born last january via a surrogate. >> we had a meeting with an adoption agency to start the process, and she looked at me point blank and said, well, you are not the mother. >> reporter: michigan's laws surrounding surrogacy require families like the myers to go through the adoption process meaning a rigorous process of background checks and a home inspection before bringing home thei

toomey thinks it could be. neil: bottom line if you're an investor in this , you might rule a republican takeover, more than a democrat? charlie: no. neil: because the republicans would have more order? charlie: that doesn't mean cryptos won't go down. you start raising interest rates , all bets are off but the innovation of the blockchain is the important thing. i think that's -- neil: they might do this in a more measured way. charlie: don't put ripple out of business. neil: okay. charlie gasparino, getting up-to-date on another fascinating development, reese's sold out of these 3.4-pound peanut butter cup pies in one hour 57 minutes but apparently, gasparino cornered the market. charlie: i saw them in your office. neil: yes, exactly. party for the staff. we'll have more after this. as an independent financial advisor, i stand by these promises: i promise to be a careful steward of the things that matter to you most. i promise to bring you advice that fits your values. i promise our relationship will be one o

i have been listening a lot to pat toomey. obviously he has big sway in his position in the senate banking committee. i've been listening to him quite a bit and he made a few points she is really looking at the fed as an institution that can address climate change, when it can't. it doesn't have the tools to address climate change. that is a ridiculous notion. brain advocated for inclusiveness aspect to the employment rate being included in the fed's mandate. it is not that we don't need to be adamant and diligent about getting african-american and latin unemployment rates down. it is just a tool, the fed does not have the proper tools to do this. these are more in the congressional purview and i think there are some concerns among jon tester of montana, sinema, manchin, among moderate democrats brainard might not be necessarily the right person, to be as you said powell's second in command. david: that is very interesting. some people, "the wall street journal" had an editorial about what happened at the fed and suggested tha

thank you to senator toomey and don promote this pillar one ignores the constitution, the authority of the senate gargantuan undertaking writing brand-new tax laws, reshaping or repealing other tax policies already in place including digital service taxes and that's all we've got to do, we'll pay for everything. your thoughts? >> something for the entire family. this administration and congress is trying to ram through all kinds of things like that. every kind. it could not be clearer, article two section two united states constitution says it's a treaty that takes two thirds of the senate, two thirds does not mean 250 plus kamala harris. the build back better act aspirating like it's 1.7 joint and spending such a small number but even that manufactured with artificial sunsets and rises, any realistic assessment at 5 trillion, if all of this is so good, if it's so fair and reasonable as our esteemed treasury secretary would say than why can't they explain honesty of the american people whose congressional budget office the real boat, not reconciliation show in the sunlight, not midnigh

i would note that senator pat toomey, top republican on the banking committee who is supportive of the powell nomination, there really could be some fights for other seeds if that is where the president looks to appease the progressives who weren't so happy with the powell renomination. so while there is a sidestepping of a fight over powell, republicans are starting to warn that is going to be tougher to whip the votes potentially for other seats. kailey: lisa and i will be here on friday, working throughout this long holiday weekend. they are actually only in congress for two weeks in december, after december 10. so we are really talking about a two week window here. what have they prioritized? jack: that is the current schedule. i would be really surprised if they skip to that. first of all, the spending deadline that comes up next friday is going to get kicked. there's no spending bill. the only question is when the next deadline will be. house democrats have said they want another deadline sometime in the month of december to keep the pressure on because they feel the republicans

why isn't there focus on pat toomey? places where the president won elections in pennsylvania and wisconsin. places where the democratic party is driving states with democratic governors. why is there emphasis on getting them to explain to us why they don't want to help with daycare cost? why they don't want to help with housing cost? we are so focused on turning our ammunition on each other that we have forgotten that is not the opposition. the opposition is the republican party and the stakes are high not just for an economic agenda. the stakes are incredibly high and people who know me know that in 2020 we basically escaped an erosion, almost permanent erosion, of our democracy. if we want to go back to the era of the four years where autocracy was on the table, let's keep fighting among democrats. let's start talking about what the other side does not stand for, with the other side is not doing, and let's quit focusing on each other. host: our line for rural residents (202)-748-8000. let's get to calls. toledo, ohio

the former army ranger had been running to replace retiring senator pat toomey but faced allegations of abuse over his three children and his wife. she testified he once choked her to a point she had to bite him to break free and he slapped one of the children so hard it left marks on their back. he wrote, quote, there's nothing more important to me than my children. >>> trump endorsed state delegate daniel cox yesterday in the race to fill the seat of term-limited republican governor larry hogan. he's already hand picked a candidate to replace him. cox, meanwhile, has embraced many far right elements of the gop, suing hogan to challenge his stay at home orders during the pandemic and representing a man in court arrested for refusing to wear a mask in a polling place. he also called former vice president mike pence a traitor for not overturning the 2020 election results. hogan pointed out he ran 20 points better than trump and it doesn't matter what he thinks. >>> joining us now, punch bowl co-founder jake sherman. we always care what he thinks. he's an msnbc contributor. the marylan

the race in pennsylvania is to succeed retiring republican senator pat toomey. >>> now to this, this is the season of giving, and we want to show you how you can help our 2021 top ten cnn heroes continue their important work, and have your donations matched dollar for dollar. here's anderson. >>> i'm anderson cooper, each of this year's top ten cnn heroes proves that one person can make a difference, and again, this year we're making it easy to support their great work. go to cnn heroes.com, click donate to any 2021 top ten cnn hero to make a direct contribution to that hero's fundraiser. you'll receive an e-mail to confirm your donation, which is tax deductible in the united states. no matter the amount, you can make a big difference in helping our heroes continue their life changing work, and through january 3rd, your donations will be matched dollar for dollar, up to a total of $500,000. cnn is proud to offer this simple way to support each cause and celebrate all of these every day people changing the world. you can donate from your laptop, your tablet or phone. go to cnnheroes.c

and television host plans to run as a republican to try to replace retiring republican senator pat toomey. dr. oz now candidate oz will be on sean hannity's show tonight 9:00 p.m. eastern time. that's tonight's live look outside the beltway from "special report." we'll be right back. ♪ ♪ [microwave beeps] [ahh] ♪ ♪ ♪ i'm so defensive, i got bongos thumping in my chest ♪ ♪ and something tells me they don't beat for me ♪ ♪ i love romance, but i got eggshells around me ♪ ♪ don't step on 'em, don't step on 'em ♪ ♪ don't step on 'em, don't step on me ♪ ♪ ♪ ♪ he'd better not take the ring from me ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ experience the power of sanctuary at the lincoln wish list event. every day in business brings something new. so get the flexibility of the new mobile service designed for your small business. introducing comcast business mobile. you get the most reliable network with nationwide 5g included. and you can get unlimited data for just $30 per line per month when you get four lines or mix and match data options. available

here is the nominee for comptroller of the currency on this issue and senator pat toomey responding. >> coal industry and oil and gas industry. a lot of the smaller players that industry are going to probably go bankrupt in short order, at least we want them to go bankrupt if we want to tackle climate change, right? >> the fact is, in my 11 years in congress, i don't think i have seen a more radical nominee for any regulatory spot in our entire federal government. >> bret: kimberley? >> yeah, well, this is the mindset of nearly all of their nominees. remember, this is an administration that came in and made clear that this climate agenda was going to direct almost all the rest of what it did throughout government. and, you know, we were just talking about inflation here. people, when we talk about that and they think about gas prices it, may normally tend to think about what it costs to fill up your tank. but the reality is as energy is the backbone of nearly all production of supply in this country whether you are creating plastics or manufacturing aluminum, whatever it is. it's the

toomey: madam president. the presiding officer: the senator from pennsylvania. mr. toomey: madam president, on tuesday the president of the united states officially nominated cornell law professor saule omarova, she would be the comptroller of the currency -- the comptroller is the lead regulator of all of our national banks. now twice before today i addressed her nomination on the senate floor, her then-sper -- perspective nomination and now she has been nominated. i have described her views as radical. professor omarova wants to redefine the role of a bank, and has said that she has a radical departure of what we have been conditioned to view as the normal state of play. end quote. madam president, probably all of the -- the only thing i can think of is her views of radical. let me be clear about her whole approach. it is radical because she has a clear and obvious aversion to american society, that we would be a free society and that would include economic freedom and economic decisions can be made by free men and women pursuing their own understanding of their s

i thought senator toomey and others did a very good job of asking the professor about things she's written and said in the past. there's no real dispute about that. of course, she tried to put a very benign spin on that. i think it's very troubling that the idea that you're going to nationalize all banks, eliminate community banks and credit unions, you're going to bankrupt american industries that provide jobs to hundreds of thousands of american citizens is deeply troubling. i think the nominee needs to be stopped. >> martha: she wrote that not long ago in the vanderbilt law review, wanting to redefine the central bank as the ultimate platform for generating and modulating economic resources in a democratic economy. i want to ask you questions as we wait for this cbo score, senator and how you think it will go. what is your outlook for when the house will pass this and your opportunity to vote? >> my guess is that speaker pelosi is going to jam through this reckless tax and spending bill. somehow she will get the moderates in the house to justify their vote based on the passage of the bi

senator toomey says the administration needs to reverse the energy policies. >> we may transition to widespread use of non-carbon emitting sources of energy and transportation and power and such but we're not there right now and as current prices show us, we to continue to make sure there is a reliable supply of the energy that we need for daily life. reporter: the treasury secretary is now saying elevated inflation in gas, food, other things will last through the first half of next year. back to you, liz. elizabeth: edward lawrence thank you so much. good to see you. look who is back with us now, price futures group senior analyst phil flynn. we're looking into the government paperwork on this, phil. i know you've been studying it too. the oil, by drips and drabs coming into the u.s. economy starting in december through april of next year. it is only 50 million barrels. how much, combined with that, are the other countries doing, how much will this really move the needle? >> not at all. to be honest with you, when you look at 50 million barrels, you look at that in terms of global s

the ranking member the senate banking committee republican senator pat toomey says he'll support the nomination, however. the president hopes to announce releasing oil from the strategic oil reserve to bring gas prices down. the announcement is contingent on agreements from other nations. the u.s. asked china, india and south korea to join a coordinated effort to release reserves of crude oil. the white house hopes to circumvent opec's resistance to ramp up oil production to meet rising demand. >> the american consumer never likes to pay more at the pump, but we are focused on doing everything that we can to make sure that american consumers are not bearing the short end of the stick during these periods. that's what the president will be talking when tomorrow, taking actions where we can and make sure we can provide relief to american consumers and also make sure when the price of oil comes down that american consumers see that benefit at the price at the pump. that's not what's been happening over the last several weeks and that is a concern we have here. >>> now, curious minds wan

war veteran from western pennsylvania, he's running to fill retire going public around senator pat toomey see which is a critical c. he's also endorsed by donald trump. he has his complete and total endorsement, and while he is running for this important, cte is in the midst right now of a divorce and custody battle for his three children. on monday, his estranged wife, testified under oath, that he allegedly, and i'm going to quote here, choked her until she bit him to escape, and once called her a horror, a piece of ass, while pinning her down. she also testified that after 2008 thanksgiving sheriff, he forced her out of her vehicle, alongside a highway. after raging at her telling her to go get an abortion. she testified the alleged abused extended to their children, saying that i'm one occasion he slapped one child hard enough to eat fingerprint shaped welts, on the back of the child's teacher. in many one's got so angry, he punched a closet door with such forest's swung into the child's face and left a bruise. she said he told this child that was your fault. sean bernal denied the cl

republican senator pat toomey, is he yacht going. thanks for inviting us into your home tonight that's it for "special report" fair balance and unafraid. "fox news primetime" hosted by lawrence jones right now. hey, lawrence. >> lawrence: welcome to "fox news primetime" i'm lawrence jones in new york. tonight we start with the kyle rittenhouse verdict. the media spent the last few weeks insisting none of the facts in the case mattered. to them only important thing was the color of rittenhouse's skin. >> let's just do the thought experiment. just imagine rittenhouse is a young black teenager. >> if he were black, would he be free now. >> no. he wouldn't be alive now. >> imagine if kyle rittenhouse was an 18 or 17-year-old black kid. >> well, that's a different issue. >> with a gun. >> let's talk about that. >> how would people feel? >> so let's talk about that. see, if the liberal media were actual journalists, they wouldn't have to ask what if this happened to a black man. we know. look no further than the story of andrew coffee the

and yes, use mentioned you also have senators toomey and romney on the other side. so i think that support is going to be very helpful in making this a fast confirmation. >> well, mitch mcconnell voted to confirm him last time you. had over 80 votes for his confirmation the last time. >> right. >> presumably, all of those republican votes will come back. although who knows with the crazy party whether they will all come back. so wasn't this first and foremost just a really easy confirmation choice joe biden was going to have one easy confirmation, possibly his only easy confirmation in the senate? >> i guess that's really not the way i was thinking about it, and i don't think it's how the president was thinking about it. it's obviously in the mix. i'm not trying to be too cute here. if he thought that jay powell could be confirmed, but he didn't have the characteristics that he was looking for, we wouldn't be talking about jay powell tonight. you know, when the president talked to chairman powell, they talked about the importance of centering climate change in the f

a really interesting back and forth with powell and pat doom toomey, the republican republican senator where he could have called out powell for transitory and he says, listen, life is transitory. we should retire that phrase. you see the dow, the big board. the markets initially are not liking what they are hearing. why? >> initially market down on concerns about the variant, about concerns about how effective the vaccines will be and the moderna ceo came out and said vaccines won't be quite as effective. we don't enough yet. not good and then the market took a bigger leg down on comments from jerome powell. he surprised a lot of people and said despite the variant the fed might move faster to unwind its bond-buying stimulus program. that caught investors off guard. >> uncertainty is what the markets don't like and there's a lot of it. >> exactly. >>> tomorrow, look at your calendar. tomorrow begins december, a critical month for congressional democrats and the biden agenda. . ...demands a lotion this pure. new gold bond pure moisture lotion. 24-hour hydration. no parabens, dyes, or f

pat toomey's seat is wide open because the president's original pick for the job, sean parnell, suspended his campaign after losing a custody hearing. dr. oz has name i.d. and personal wealth. he attended medical school at the university of pennsylvania but that is his only connection to the >>> coming up on this giving tuesday, we're going to talk to an organization that will keep food on the table for families in need this holiday season. you're watching "meet the press daily." daily. paper tickets. we're off to a horrible start. ...but we can overcome it. we're not gonna point out our houses, landmarks, or major highways during takeoff. don't buy anything. i packed so many delicious snacks. -they're -- -nope. would you say, ballpark, when group two is gonna get boarded? 2 hours and 58 minutes. progressive can't protect you from becoming your parents, but we can protect your home and auto when you bundle with us. someone should've left home earlier. to our 300,000 employees at cvs health: thank you for demonstrating the power of purpose. through your work, your caring, your dedication t

john parnel had been a front-runner to replace pat toomey and had president trump's endorsement. >> we're watching what is happening with the strategic petroleum reserve, we're talking about that and talk more about it in business and social media @ scottmcgrew. >>> nasa is trying to do something it has never done before. trying to crash a spacecraft into an asteroid to try to change its course. the asteroid does not pose a danger to earth. >> that's good news, right. they hope this test mission could save the planet from future meteor strikes. morgan chesky has more. >> you think about this mission and you say, i've seen this movie before, right. hollywood closer to reality here than anything we could have imagined. today at vanderburg nasa scientists are launching a mission that has been years in the making. sending a spacecraft more than 6.5 million miles away to collide with an asteroid. all in hopes of figuring out what if any impact it will have on that space orbit. our planet not under any imminent threat or any others. all part of our planetary defense system that nasa hopes to le

. >> senator toomey, i am certainly not shutting it down. we announced earlier the hearing would end at 12:00. we started the hearing a half an hour earlier. this is, i think, the biggest turnout on your side of any time i've chaired, and i know there's interest, but that's the purpose of the qfrs that follow. the decision stands. >> if qfrs stood, we wouldn't have to have hearings. this is one of the most powerful financial regulators in the world we're talking about, and members have a lot of questions. they should have the right to ask those questions. >> and they have. two and a half hours of questions. that's a decision i'm making. i will begin my questions and then turn to senator toomey. there are those mainly senators who like to tout this institution as the world's greatest debating society, but when the debate turns to complex, nuanced issues, the subject and the context are often lost. is your concern of banking primarily driven by technological change that threatens local community banks? is that your concern? >> yes, it is. >> y

senate seat trying to replace outgoing republican pat toomey. how much do you think the build back better and infrastructure bills will help democrat, help you potentially flip this seat? >> i think they're going to help a lot. you know, in different communities, they have different priorities, within our state. but just the infrastructure piece. it is what comes up in so much of our state. that you have towns that were doing better 40 years ago than today. they need new investment. you know? that's in all different forms. road and bridges but also internet. water systems. power plants. it's putting local people to work on those local projects. because pennsylvanians are proud where they live and want to stay there generation after generation, but you need jobs for that. trump talk and all of this, promised all of it delivered none of it. we're delivering it and we delivered it, by the way, with votes from both parties. two things people want. bringing jobs to our state and also working together across the aisle, but it took democrats getting in

roy toomey is director of the bureau and served as an ftc commissioner actor after passage of dodd frank he was appointed student loan ombudsman and served as special advisor into department of education director . chairman brown, ranking member to me, thank you for holding this hearing today. 2021 is far different than 2020. the economy is reopening and growing again. labor demand is strong and employers have added millions of new jobs. household spending has rapidly increased and demand for housing is robust. while these macro indicators are promising therecovery has been uneven . in many individual communities, conditions remain fragile. many families continue to struggle their mortgage and rent payments. many small businesses are facing severe challenges to make ends meet . and many neighborhoods us especially those that have been historically disadvantaged have not held much of her recovery. american families now oh $18 trillion as of the end of the second quarter of this year. roughly $800 billion more than at the end of 2019 before the pandemic. over the course of the year the mor

senator toomey saying, i don't think i've seen a more radical choice. ted cruz labeling her a radical who literally trained in the soviet union. and then demanded to see a copy of her russian language undergraduate thesis. what is your reaction to seeing that exchange and the things that were said about her? >> this is populism at its best. this is the perpetuation of a cultural war to rile up the base, to energize the base and continue to hold on with entertainment, hold on with, you know, this rabble rousing because there's an -- a total absence of policies so i took this quite personally, frankly. i experienced some of these similar types of slurs, i guess. i had the fortune of coming here as a 4-year-old so i passed the test of not having an accent, looking right. unfortunately for this doctor, highly qualified in her field, she didn't pass the test. she didn't look right. she didn't have the right accent. she came from what the former president would call a, you know, a -- hole country. sorry. but that's exactly how -- that's exactly what i think,

congressman conor lamb, a member of the problem sol solvers caucus and running for the seat held by pat toomey woo is retiring. thank you so much for being here. i wanted to have here you because this began in your congressional district. didn't president biden make the announcement and pitch on your home turf? >> he did. yeah. he came to the carpenter's hall back in the spring and he promised that he would fight for a hume investment in infrastructure put americans to work and crucially with american made materials. he has some of the strongest buy american steel and other provisions ever. and he actually followed through on it. and it is notable to us because president trump did the exact same thing multiple times and never even really tried to follow through. and i think pittsburghers know the difference between those two things. >> what accounts for the difference on the other side of the aisle when compared to the senate. in other words, mitch mcconnell and 18 of his republican colleagues voted for this in the senate and yet in the larmer house of representatives, only 13 republicans by t

indicator of where the democratic party s.divided over him buff overwhelmingly beeeoc the republican pat toomey from pennsylvania, also supports the nomination so i expect this to be confirmed despite the complaints from the left. >> another reason biden could take a different course is all the heat over inflation at the moment. the president doesn't have many powers to do anything about inflation. the president could have replaced powell just to make clear to the people out there in the country who are suffering the higher prices at the pump, the higher prices at the grocery store, i'm going try anything, but this is essentially the president saying no, no, i'm not going to take it out on powell. what will he do? >> this is him showing that he has faith in powell's ability to kind of put a check on inflation as that's really the top issue right now for this white house. they are trying to confront. you know, last week biden asked the fdc to look into practices by gas and oil companies to see whether or not they were perhaps pricing gas higher and whether there was any irresponsible behavior th

he's in the run to fill pat toomey's seat which is a critical seat for republicans hoping to take back the senate. parnell is also endorsed by donald trump. he has his complete and total endorsement. while he is running for this important seat, he is in the midst of a divorce and custody battle for his three children. on monday parnell's estranged wife testified under oath that he allegedly, and i'm going to quote here, choked her until she bit him to escape and once called her a whore and a piece of "s." after a thanksgiving trip he briefly forced her outside of her vehicle alongside a highway after raging at her, telling her to go get an abortion. he testified the alleged abuse extended to their children. he slapped one child hard enough to leave fingerprint-shaped welts through the back of the child's t-shirt. and he once got so angry he punched a closet door that it hit the child and left a bruise. sean parnell denied the claims and said he will prejt his case next week. he's not alone. he's one of many candidates with similar, let's say, problematic profiles that trump has endorse