Capital Exchange: Regulation and the Economy

CNBC’s Capital Exchange breakfast series features top lawmakers, CEOs and administration officials in candid conversations on the confluence of policy, business and money.

The conversations with Mulvaney, Hensarling and Waters will explore the theme of “Markets, Investing, Regulation and the Economy.” As markets enter a new era, with new technologies and new regulations, policy makers and the business community are seeking to thread a very tight needle. What is the balance that keeps markets safe, protects investors and lets the economy reach its potential?


Jeb Hensarling

In his eighth term in Congress, Jeb Hensarling works to advance conservative, free market principles and to reduce the size, scope, expense, and intrusiveness of the federal government.

Praised in press reports as “an economic disciple of the Founding Fathers” and an “updated version” of Texas’s Lone Ranger for his sometimes lonely battle against Washington’s “world of earmarks, subsidies and tax preferences,” Jeb has risen to several positions of leadership in the House since he was first elected in 2002.

Currently serving as Chairman of the House Financial Services Committee, Jeb has made the committee Congress’ most productive by passing more bills than any other committee, to include the landmark pro-growth Financial CHOICE Act that replaces the Dodd-Frank Act. He is also the author of comprehensive housing finance reform legislation lauded in the media as “a concrete plan for fixing Fannie and Freddie.”

For his command of the issues and commitment to conservative principles, Jeb has consistently been chosen by his congressional colleagues to serve in various leadership roles. Before his current assignment as chairman of a major committee, Jeb served as chairman of the Republican Conference – the fourth highest-ranking position in the Republican leadership.

Prior to that, Jeb served as Chairman of the Republican Study Committee – the largest caucus in the House. In recognition of his economic expertise, Jeb was also appointed to serve on the Congressional Oversight Panel for TARP, the National Commission on Fiscal Responsibility and Reform, and co-chair of the Joint Select Committee on Deficit Reduction.

Born in Stephenville, Texas, Jeb grew up working on his father’s farm near College Station where he learned the value of hard work and later became an Eagle Scout. He earned his Bachelor’s degree in economics at Texas A&M University in 1979 and went on to earn his law degree from the University of Texas. Jeb spent 10 years in the private sector as an officer in an investment management firm and an electricity retail company.

He and his wife, Melissa, live with their two children and split time between Dallas and Henderson County, and are members of St. Michael and All Angels Church."

Mick Mulvaney

Mick Mulvaney is the current director of the Office of Management and Budget (OMB). He was nominated to the post by President Donald J. Trump in December 2016 and confirmed by the Senate on February 16, 2017. He is also the acting director of the Consumer Financial Protection Bureau.

Prior to his time as the director of OMB, he served the people of the 5th District of South Carolina as their Congressman where he was first elected in 2010, he is the first Republican member to hold the seat in 128 years. A lifelong Carolinas resident, he attended Georgetown University, graduating with honors in International Economics, Commerce, and Finance and graduated as an Honor Scholar – the highest award given to students of the Georgetown School of Foreign Service."

Maxine Waters

Congresswoman Maxine Waters is considered by many to be one of the most powerful women in American politics today. She has gained a reputation as a fearless and outspoken advocate for women, children, people of color and the poor.

Elected in November 2016 to her fourteenth term in the U.S. House of Representatives with more than 76 percent of the vote in the 43rd Congressional District of California, Congresswoman Waters represents a large part of South Central Los Angeles including the communities of Westchester, Playa Del Rey, and Watts and the unincorporated areas of Los Angeles County comprised of Lennox, West Athens, West Carson, Harbor Gateway and El Camino Village. The 43rd District also includes the diverse cities of Gardena, Hawthorne, Inglewood, Lawndale, Lomita and Torrance.

Congresswoman Waters serves as the Ranking Member of the House Committee on Financial Services. An integral member of Congressional Democratic Leadership, Congresswoman Waters serves as a member of the Steering & Policy Committee. She is also a member of the Congressional Progressive Caucus, and member and past chair of the Congressional Black Caucus.

John Harwood

John Harwood is Editor at Large for CNBC covering Washington and hosts the CNBC Digital original video series "Speakeasy with John Harwood."

Harwood was born in Louisville, Ky., and grew up in the Maryland suburbs outside of the nation's capital. He has been around journalism and politics all his life; his first trip on a presidential campaign press plane came when he was 11 years old and accompanied his father, then a political reporter for The Washington Post.

While still in high school, he began his journalism career as a copy boy at The Washington Star. He studied history and economics at Duke University and graduated magna cum laude in 1978. Harwood subsequently joined The St. Petersburg Times, reporting on police, investigative projects, local government and politics. Later he became state capital correspondent in Tallahassee, Washington correspondent and political editor. While covering national politics, he also traveled extensively to South Africa, where he covered deepening unrest against the apartheid regime.

In 1989, Harwood was named a Nieman Fellow at Harvard University, where he spent the 1989-90 academic year. In 1991, he joined The Wall Street Journal as White House correspondent, covering the administration of George H. W. Bush. Later Harwood reported on Congress. In 1997, he became The Wall Street Journal's political editor and chief political correspondent.

While at The Wall Street Journal, Harwood wrote the newspaper's political column, "Washington Wire," and oversaw the Wall Street Journal/NBC News poll. In March 2006, he joined CNBC as Chief Washington Correspondent.

In addition to CNBC, Harwood offers political analysis on NBC and NPR, among others. Harwood has covered each of the last nine presidential elections.

Follow John Harwood on Twitter @johnjharwood.

Kayla Tausche

Kayla Tausche is an on-air correspondent based at CNBC's Washington, D.C. bureau and focuses on the intersection of government and business. Her reporting appears on television and CNBC's digital platforms. She also serves as a fill-in anchor for the network's Business Day programming.

Most recently, Tausche was co-anchor of CNBC's "Squawk Alley" (M-F, 11AM-12PM ET) and focused on the big money backing technology and innovation. She has also covered the banking industry, as well as corporate finance and deals— and frequently breaks news. Since joining CNBC in 2011, Tausche has reported on a wide variety of high-profile stories, including the historic Brexit vote, the Facebook, Twitter and Alibaba IPOs, the Occupy Wall Street movement, the MF Global bankruptcy and the News Corp. phone hacking scandal. Tausche began her journalism career with posts at the Associated Press in Brussels, Bloomberg News in New York, and DealReporter in New York and London.

An Atlanta native, Tausche graduated with honors in business journalism and international politics from University of North Carolina at Chapel Hill, where she was an Ameel J. Fisher scholar. She sits on the alumni board of the UNC journalism school.

Follow Kayla Tausche on Twitter @kaylatausche.








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