will the gentleman from washington's original question about parliamentary procedure. will his question be in order at this time? >> in light of the gentleman's debate, that would be appropriate. >> if i may make unanimous consent to ask mr. goodlatte a question. good mornish, i'm chris jansing. you are watching quaelt jansing & co" live from capitol hill. what is unfolding right now. a little bit of a debate of the reading of the constitution on the floor of the house. it's never been done in the history of the house, according to the house historian. some democrats raising some questions about what exactly they're going to do and the reason why. the republicans will tell you that they want this session of congress to be different. they want bills that are introduced to have a constitutional basis this is

interesting. they were getting started late as it was and now this debate. we'll hear more about it in 15 minutes. the first official press conference of the new speaker of the house, john boehner. who is going to be talking about what he calls the jobs killing health care bill. so, we're following it for you all right now. let's go back to the floor of the house. >> i think helpful to the members if you explain to us how the determinations of what to read have been made or not made so that we all will be on the same page as to congressional intent. >> i thank the gentleman for his question. we have consulted with the congressional research service and the library of congress. the library of congress actually maintains a copy of the constitution, which includes those sections that have been superseded by amendment. so, we are not reading those sections that have been superseded by amendment and we have arrived at that determination based upon our consultation with the

congressional research service. >> and would the gentleman accept the premise that since we have not been able to review the exact language we will be reading today. that this is not, this is not, thank you, gentleman, but mr. goodlatte, i'll wait for a moment, mr. speaker. thank you. we want to have a good bipartisan success here today and this is a special moment for us all. so, i guess the question is, i take it that since we have not had discussion about which language to read or not, that this is not intended to create any statement of congressional intent about the language, but rather to do our best to have a moment of commonty to read the language as best as we can ascertain it. >> i think the gentleman has stated that very well. >> i appreciate you bringing that to our attention today. thank you. >> gentleman from virginia. what purpose the gentleman from illinois rise?

>> thank you. let me first of all thank -- >> is the gentleman asking unanimous consent? >> senior adviser for the new democrat network alicia menendez and frank keating. good morning to both of you. >> morning. >> morning, chris. >> we knew we were going to see something we had never seen before on the hill, the constitution has never been read. >> it is reading the nation's birth certificate. i don't think it's so bad. i think if people are opposed to it or appears to the public watching that they are trying to discourage reading the foundation document, you look a little silly. obviously, it will take a while. it's probably not a bad idea for legislatures of both parties to have read the constitution. so, i think it's fine. >> is that a bad idea, alicia? >> this isn't a academic class, this is a legislating body and unless there is something in there on how to create jobs in the constitution, most americans, this is why they're frustrated with washington. they go through what seem to be arcane efforts and don't get to

the heart of what most americans are worried about. >> does she have a point, governor. it doesn't take anybody reading all the polls to know that the big concern out there among americans, jobs, the economy, the economy and jobs. the republicans are trying to make a point here. they want to cut spending and one way they want to do that is to force some sort of constitutional reason for every bill that goes before them now. but is that reasonable? does it just create more gridlock? >> well, i remember in 2000 i debated the head of the trial lawyers once signed a rival network and he said, boy, understand president proposed, congress and the courts will step in and decide the issue if they can't get their hakt together. that's not the constitution. so, to introduce to both parties the constitution, this is the first day of the congressional session. i think it's fine. but, obviously, and alicia is absolutely right. jobs, the economy, obviously,

expenditures are what really matter and, if, obviously, they do not focus on that, they will not do well in the eyes of the american public. >> the democrats there have been asking questions about procedure. that's their right to do it. they're also getting a little face time because they probably know that the cable cameras are rolling there, alicia. do you think the democrats could be seen as, you know, just stop, let them read the constitution. they're in charge now and get on with business. >> right, of course. this is political theater of the finest variety where first republicans are pulling a stunt and now democrats are just going one-to-one by producing a stunt of their own. i think, again, though, what democrats want to get to and what they should get to is discussing hard, pressing issues in this country like how we're going to create jobs and how we're going to continue to grow the economy and how we're going to get people back to work. >> let me ask you about something the house said they're going to do. they're going to cut their own budgets by 5%.

the operating budget of the house itself, saving about $35 million s million. is that a good message to send? >> if we're going to talk about fiscal responsibility, we're going to ask fiscal responsibility. i would love to see what it is they're cutting. it is very easy to imagine this is some type of ridiculous waste but you want a government that works. chris, during the snow storms you saw people like to talk about small government but they want government that works for them and big enough to solve their problems. sure, if you get rid of some of that and useless waste, that's fantastic. if those are government services that people needed, it's not a big win for the american people. >> you had to make those kind of tough decisions, obviously, when you were governor. a big story in all the arizona newspapers today that the second transplant patient has died because they cut benefits there in a move to, you know, get their own budget deficit under control. the republicans had said, governor, that they were going

to cut $100 billion. that's what they said in the pledge to america. backing off on that, some now saying $50 million. some saying as little as o30 million and not being specific, necessarily, about how they're going to do it. again, in that, john boehner is going to read. let me bring that question back and let's go to the floor. >> provide for the common defense, promote the general welfare and secure the blessings of liberty to ourselves do ordain and establish this constitution for the united states of america. >> i now yield to the minority leader, the gentleman from california, ms. pelosi. >> all article one, section one. all legislative powers herein granted shall be vested in the congress of the united states, which will consist of a senate

and a house of representatives. >> i now yield to the majority leader, the gentleman from virginia, mr. canter. >> article one, section two. the house of representatives should be composed of members chosen every second year by the people of the several states and the electors in each state should have the qualifications for most numerous branch of the state legislature. no person shall be a representative who shall not have attained to the age of 25 years and been seven years his citizen of the united states and who shall not, when elected, be an inhabitant of that state in which he shall be chosen. the enumeration should be made within three years after the first meeting of the congress of the united states and within every subsequent term of ten years in such manner as they shall by law direct.

>> i now yield to the minority whip, the gentleman from maryland, mr. hoyer. >> article one continuation of section 2. the number of representatives shall now exceed one for every 30,000. but each state shall have at least one representative. the state of new hampshire should be entitled to choose three, massachusetts eight, rhode island and providence plantations one, connecticut five, new york six, new jersey four, pennsylvania eight, delaware one, maryland six, virginia ten, north carolina five, south carolina five and georgia three. when vacancies happen in the representation from any state, the executive authority there of

should issue writs of election to fill such vacancies. the house of representatives shall choose their speaker and other officers. and shall have the soul power of impeachment. >> i now yield to the gentleman from california. the majority whip, mr. mccarthy. >> article 1, section 3. the senate of the united states shall be composed of two senators from each state. for six years and each senator should have one vote. immediately after they should be assembled in consequence of the first election. they should be divided as equally as may be into three classes. >> i now yield to the gentleman from new jersey. i would ask members to read the

page in front of them and not continue. >> the seats of the senators of the first class should be vacated at the expiration of the second year' of the second class at the experitation of the fourth year. and of the third class at the expiration of the sixth year. so that one-third may be chosen every second year. >> i now yield to the gentleman from texas, mr. conway. >> no person shall be a secretary who attain to the age of 30 years and nine years a citizen of the united states and who shall not, when elected, be inhabitant of that state for which he shall be chosen. >> i now yield to the gentleman from georgia, mr. scott. >> the vice president of the united states shall be president

of the senate, but shall not have no vote, unless they be equally divided. the senate shall choose their other officers and, also, a president. in the absence of the vice president or when he should exercise the office of president of the united states. >> now yaeld to the gentleman from michigan, mr. wahlberg. >> they should be on oath or affirmation. when the president of the united states is tried, the chief justice shall preside and no person shall be convicted without the concurrence of two-thirds of the members present. >> i now yield to the gentleman from pennsylvania, mr. cripes.

>> judgments in cases of impeachment disqualification to hold and enjoy any office of honor, trust or profit under the united states. but the party convicted should nervel nevertheless be indicted according to law. >> i now yield to the gentleman from texas. >> section 4. the times, places and manner of the holding of elections for senators and representatives shall be prescribed in each state by the legislature thereof. but the congress may, at any time, by law, make or alter such regulations, except as to the places of choosing senators.

>> i now yield the gentleman from new york. >> section five. each house shall be the judge of the elections, returns and qualification of its own members and a majority of each shall constitute a quorum to do business. but a smaller number may adjourn from day to day and may be authorized to compel the attendance of absent members in such manner and under such penalties as each house may provide. >> i now yield to the gentleman from georgia, mr. wolwolmack. >> each house may determine the rules of its proceedings and punish its members for disorderly behavior and with the concurrence of two-thirds, expel a member. >> i now yield to the gentlewoman from maryland, ms. edwards.

>> each house shall keep a journal of its proceedings and from time to time publish the same. accepting such parts as may in their judgment require seekerancy. and the yaeas and nays at the s discretion of one-fifth entered be on the journal. >> i now yield to the gentlewoman from michigan, ms. miller. >> neither house during a session of congress shall, without the consent of the other adjourn for more than three days, nor to any other place than that in which the two houses shall be sitting. >> i now yield to the gentlewoman from texas, ms. jackson-lee.

>> section 6. the senators and representatives shall receive a compensation for their services to be ascertained by law and paid out of the treasury of the united states. they shall, in all cases, accept treason, felony and breach of a peace be privilege of arrest during the attendance at of respective houses. for any speech or debate in either house, they shall not be questioned in any other place. >> i now yield to the gentleman from pennsylvania, mr. pitts. >> we're continuing to watch the floor of the house as members and started with john boehner and nancy pelosi are reading the constitution after a little bit of rambling over exactly what version they were going to read. joining us is someone who has been there on the floor of the house a lot, former democratic congressman herald ford jr. i don't know how much of this

you have been watching, but i wonder what you make of this, herald. >> probably not a bad way to start the session off to not only for members of congress to be reminded of the oath of office. because we are charted to defend the constitution. a good way to start. and reminding those americans across the country that are watching that it separates and distinguishes us and makes us the greatest nation on the face of the earth. the constitution. now, having said that, i think most americans are hoping they pivot from this and get right to work. and in the spirit of compromise and common ground that was found during the lame duck session by president obama and republicans and democrats, i hope they can reach agreement fairly quickly around two issues. one is spending. i think president obumma has hinted that in his state of the union he will agree with some republicans and urge acceptance of reverting to 2008 spending levels at various federal

agencies. president obama has gained some defense from democrats across the country, including our governor here in new york, andrew cuomo who has vowed to cut state agencies by 20%. the cuts at the federal level cannot be that large but a 5% to 7% cut or maybe a little larger is something the president could adhere to and, two, i think he has to move right away to provide some more stability around taxes. if he does this, chris, i think he also, the president, that is, shields some attention away and diverts some attention away from the republican agenda of trying to repeal his health care bill, which, evidently, speaker boehner has called for a vote next week. it's likely it will pass the house, but very unlikely that it will pass the senate. even if it did pass the senate, it would be vetoed by president obama. but if i'm the president of democrats, i want to move forward on spending and taxes, as we move beyond today. >> let me ask you about spending, herald, because propelled by the tea partiers and more than 40 new members of

the house or backed by the tea party, they have made that a priority here and one of the reasons that they're reading the constitution. they say they would like to see a constitutional basis for every new bill that goes forward. they want to know that there is a way to pay for it. they want to know if we spend money, something else has to go. what do you thing of these new proposals by the republicans? >> i think they're all consistent with what every american wants out of government. when congress passes anything and the president signs it, the constitutionality of any law can be challenged and, ult mltly, the courts make that determination. although for congress to be reminded what's in the constitution is probably a good and ultimately an important step. i would also imagine that those tea partiers who, like many of us democrats who want to see the balance budget and want to see spending offset by tax increases or new spending offset by spending cuts in other areas we call that pay go is something

that blue dog democrats urged and pushed in the congress. i would imagine republicans will win some democratic support on that. now, as you and i both know, the details are where the fights will be. where do you make these cuts? i think there's some unnecessary spending in just about every federal agency and it would behoove democrats and the leader of my party, the president, to lead on that much like he led on ushering in and brokering, i thought, a very smart tax compromise. >> herald ford jr., always good to see you. thank you so much for coming in. of course, one of those big battles that herald is talking about in terms of whether not money gets saved is the health care bill. the republicans say it's a job killer, this new landmark legislation on health care reform. and we are waiting for the new speaker of the house to talk about that. he has a news conference along with eric canter. in the meantime, let's go back to the floor of the house as they continue to read the u.s. constitution.

>> section 8. the congress should have power to lay and collect taxes and imposts and excise to pay the debts and provide for the general welfare of the united states. all duties in posts and excises shall be uniform throughout the united states. >> i now yield to the gentleman from new jersey, mr. lance. >> to borrow money on the credit of the united states. to regulate commerce with foreign nations and among the several states and with the indian tribes. to establish an uniform rule of naturalization and uniform laws on the subject of bankruptcies

throughout the united states. >> i now yield to the gentleman from michigan, mr. mr.. >> to coin money, regulate the value thereof and fix the standard of weights and measures. to provide for the punishment of counterfeiting and securities and current coin of the united states. to establish post offices and post roads. >> i now yield to the gentleman from texas. >> to promote the progress of science and useful arts by securing for limited times to

authors and inventors the exclusive right to their respective writings and discoveries. >> i now yield to the gentleman from washington. >> to constitute tribunals infurier to the supreme court. offenses against the law of nations. >> let's bring back in our company. senior adviser for the new democrat network alicia menendez and frank keating. we've been talking about the fact that this is, obviously, something that the republicans felt very strongly about. they see this as sort of an indication of their view that

spending needs to be cut. how big a fight are we going to see on capitol hill over this, alicia? >> i think you're going to see a huge fight. in particular, because i think republicans have themselves painted them selves into an ideological corner where they talked a lot about how they want to cut the deficit. the deficit is the number one issue. in polls across the country, a big issue for about 15% of the population. all of them very conservative republicans. so, they have a message that in reality is going to a very small part of the american population. and at the same time, what they really need is a job creation agenda. you can't cut your way into job creation and, at some point, they're going to have to pivot off of talking of cuts and the deficit and begin talking about what their real economic plan is for america. >> so, i've got to go to john boehner now because he believes that repealing health care is part of moving the economy forward. let's listen in.

>> what does that mean for families and small businesses? in short, we believe that to fix our economy we need to fix our congress. a more open congress will be forced to listen to the people and act on their priorities instead of washington's. we're going to make tough choices instead of avoiding them. that's why we're taking these first steps to repeal the job kill health care law that was passed last year over three objections of the american people. you've often heard me say this law will ruin the best health care system in the world. what families and small businesses are worried about right now, how this will affect their livelihood. that's why today we're releasing the report that examines the health care law's impact on our economy and our budget. and the evidence is overwhelming. that this health care law by raising taxes, imposing new mandates and increasing

uncertainty is already destroying jobs in our country. it will continue to destroy jobs in america unless we do something about it. the report shows how the law is making it harder to end the job killing and threatens our children's future and when you look at a dollar by dollar, you can tell that the numbers just don't add up. well, 10% unemployment and massive debt, the american people want us to focus on cutting spending and growing our economy. and that's what repealing the health care law is all about. i hope the house will act next week to repeal the job killing health care law so that we get started on replacing it with common sense reforms that will reduce the cost of health insurance in america. >> good morning. republicans have come to our new majority with a clear determination to fix what's wrong here in washington.

in so doing, we hope to be able to deliver results for the american people and get this economy going again so more people can get back to work. we believe that a significant impediment to job growth in this country has been the existence of the obama care law as a result of the passage of the bill last session. that's why we are taking action and next week will see a resolution to repeal the job killing obama care law so that we can demonstrate. we're dead serious about cutting the disincentives in this town to job growth across this country and begin to, once again, grow this economy so more people can get back to work. >> questions. >> do you promise the open process taking health care repeal to the floor and ordinary amendments. you promised $100 billion in

spending cuts at least in the first year and now less. democrats are saying that there is a budget going on. they are saying republicans are backing down on promises. >> listen, i promised a more open process. i didn't promise that every single bill was going to be an open bill. or, as i said yesterday, we went through a whole congress two years without one, without one open rule. and as i said yesterday, there will be many open rules in this congress and just watch. secondly, i would point out, when it comes to repealing health care, we made it clear going back to last sfripring ri after this bill was passed, this bill should be repealed and replaced with common sense reforms to lower the cost of health insurance. we outlined on september 24th when we put the pledge to america out there, our commitment to the american people that would repeal this job killing bill. the american people understand

this bill. the members of congress all get a chance. they've all had to debate it during their elections and they all had a chance to discuss it and the fact is that the committees are not constituted yet. and we want to begin action. so, i believe that it's fair. when it comes to spending, you remember that we called for 2008 spending levels to be enacted going back to august in a speech that i gave in cleveland, ohio. on september 24th, we made clear in a pledge that we want to go back to 2008 spending levels. and if we had been able to move on september 24th, we would have been able to go back to 2008 spending levels. but we're halfway through the year. i will say this. we will meet our commitment to the pledge in this calendar year. there's no ifs ands or buts about it. >> john boehner in his first news conference as speaker of the house. by the way, this is streaming

live on msnbc.com. but, once again, repeatedly, calling this landmark health care reform the job killing health care bill and he says it will ruin the best system in the world. let's bring back in our company. they've, obviously, got some new numbers, governor, they're going to release. we have not seen them yet, but the independent congressional budget office laz said that the health care reform will save about $140 billion plus over ten years. they may pass this in the house. they know it's not going to get through the senate and, even if it did, it would be defeated by a veto by the president. does this make sense to you what they're doing right now? >> i think it does, chris. there is theater in politics, obviously. but the reality is by a slim majority the american people didn't want this bill. the congressional budget office did say it would reduce the deficit. the truth is to cover all pre-existing illness and to cover your children at age 26, to require lifetime benefits and

have basically a gold -plated package for every citizen unlike, let's say states that would have catastrophic illness only, that is going to be expensive. some say as much as $1 trillion over the next ten years. but the republicans brought us part d medicare prescription drug ask that's $1 trillion. i think both parties will have to look at one stark reality. in the year 2025, every cent of federal tax revenue without question. without exception will go to medicare, medicaid and social security and interest on the debt. they have to do something about spending and, obviously, the republicans feel and i think importantly so, let's focus on what the constitution expects the federal government to do. leths let's let the states do what they're supposed to do. medicaid is a good example and we'll focus on reducing the debt and encouraging private sector job growth. it's going to require a lot of theater, a lot of debate, a lot of resolution, hopefully.

but the situation is very serious come 2020, 2025. >> we said, alicia, a repeal is not going to happen. we're told the democrats are gearing up a rapid response team. obviously, they're concerned they haven't gotten their message out there. >> i think we should go back to the polls that are being cited in terms of the majority of americans. the slim majority being against this. part of that is a lot of americans who feel this bill did not go far enough. i think you'll see a lot of people who are very frustrated with republicans. republicans haven't done a terrific job of getting their message out. they need to do a better job. if you notice the republican messaging has shift. it is about how extreme this is and then moved to the fact that this is unconstitutional and we're talking about how this is job killing because republicans understand that health care itself is not a winning issue. it's not a winning message where jobs are. that's why i think you see them tying them together even when in reality there is no connection.

>> all right, it's been great having you sit here. they'll be back with more. what we're watching on the right-hand of your screen members of the house of representatives reading the u.s. constitution. on the left, the new speaker of the house answering questions about their plans going forward. including next week their vote to repeal health care reform. we're following a very busy first full day of this new session of congress. keep it here on msnbc. we'll be right back. by the way, we're streaming all by the way, we're streaming all this live at msnb i c.com. and a choice. take tylenol now, and maybe up to 8 in a day. or...choose aleve and 2 pills for a day free of pain. enjoy the flight. you can do this... get the ball, girl. hmmm, you can't do that. but you can do this. bengay pain relief + massage with penetrating nubs plus the powerful pain relief of bengay. love the nubs!

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welcome back. we're about 30 minutes now into the first-ever reading of the u.s. constitution on the floor of the house. republicans are calling this a bipartisan reading and, in fact, we had a number of democrats john boehner started, followed by the recently former speaker

nancy pelosi. so, we're going to continue to listen in to this. as we continue to listen in to john boehner who went from the floor of the house over to a news conference where he was talking about what the republicans plan to do now that they have the majority. he's just wrapping it up and walking away. there you see him with his number two, eric cantor. governor, as you watched the republicans and we've been talking all this morning about the desperate situation we're in, really. $14 trillion deficit and never anything like this before. they're going to have to vote on getting the debt ceiling up. there are going to be some real fights, real battles on how to scale back spending. where do they start? >> they start with the deficit debt commissions. i was on one of them. the president's and the energy panels. those are the great starting places to dramatically reduce rates. so you'll have more savings, more investment, more job growth and dramatic reduce exemptions,

credits and reductions. that is the only way to do it. to raise taxes would not be acceptable. but you will see -- >> did they make a mistake, though, in not going back in continuing the tax cuts for people making over $1 million a year? was that a mistake? >> well, politically perhaps so but the reality is, a lot of people, matter of fact, according to manufacturers half of those 250 filings are subchapter ss. >> which means? >> when people speak they file a business tax return as an individual or as individuals. so, if that's the case, that doesn't make any sense. we're only talking about two years but the fundamental tax reform that you're talking about, i know democrats and republicans, it will take a lot of courage. it will take a lot of political capital to do it, but there's just no other alternative. think about it from george washington to the start of

george w. bush the nation's debt was $5 trillion. from the start of george w. to the end of george w. it doubled to $10 trillion and now another $3 trillion to $4 trillion. the country is in an unsustainable debt commission. >> which leads to the question, can there be any sacred cows or medicare or social security? already we're hearing republicans saying defense can't be off limits. what's going to happen here, alicia? >> those are bold republican s who are saying that because very often you see them cutting everything except defense. what we understand in this conversation is everything the governor just outlined for us. but one of those is increasing revenue. one of the evenly ways we may be able to do that is by increasing people's taxes. republicans want to talk about the deficit. they talk about it is their number one issue. the reality is, yes, we can

certainly make cuts. in addition to that, conversations in how to increase revenue. again, that's where we have to see a republican plan. >> we'll take a quick break. more reading of the u.s. constitution coming up on a very busy first full day of congress. we are live from capitol hill. , we wouldn't need to filter our water. the same water that flows freely, untouched, the way nature intended, would flow into our homes. that's why there's brita, to make the water we drink, taste a little more, perfect. reduce lead and other impurities with the advanced filtration system of brita.

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we are back live here in washington, d.c. and on the floor of the u.s. house of representatives, they continue to read for the first time in the history the u.s. constitution. and joining me now representative loretta sanchez, a democrat from california and you've already done your part. >> that's correct. i got to read the part about the states not being able to make treaties and, of course, give titles of nobility to anybody. >> you have no noble titles except for congresswoman, not

bad. what do you think of this? what is happening this morning? >> i think it is a good thing that we're reading it on the floor. it is very historic, no one thought to do it before. most of us carry around the constitution embedded in the constitution and read about the constitution as we try to make decisions here, but i think it's a good thing. i hope that america is actually, you know, listening and learning and i think there was a big issue that was brought up. the original constitution versus the amendments. one would think that you would read because there is a lot of history so people can understand why amendments have happened to the constitution. >> we haven't gotten to the 14th amendment of the constitution. steven king will chair the house subcommittee and wants to infradeuce a bill that would end automatically citizenship to children of illegal immigrants. what is your reaction? >> i would hope that would not pass here in the united states. we are a country of immigrants. and we have seen countries where

people are born there and they're not granted any type of status to that country. like germany. with the turkish population now. they have second and third generation turks living there that don't have german citizenship or residency, for example. that, i think, is a difficult thing. it begins to pry and push apart people. when at a time, especially at a time of a country that is made of immigrants, we need to be more cohesive and understand each other even more. >> at the time this was starting to be read, john boehner, as we said, started it followed by nancy pelosi and then went over to a news conference with eric cantor and they said they will next week propose a repeal of the landmark health care reform, which he repeatedly called job killing health care reform. how do you see this playing out, congresswoman? >> well, i believe that they probably have the votes just on their side to pass it in the house of representatives to

repeal it. unfortunately, they're going against their own rules. we had something that say pay, we pushed last year to put in pay go. either you have to raise taxes or you have to cut funding if you're going to do something that changes the program that we have at the federal level. any program. so, now, we have health care reform and the independent congressional budget office has said if you repeal this health care reform, it's going to cost $230 billion to this country. so, if they're so interested in paying for things and lowering the deficit, not creating more havoc to our financial stability, then where are they going to get the $230 billion? they're not doing it. >> we haven't seen it yet, but he says they're going to release their own analysis, which shows, in fact, that this is killing jobs. that it is an ownerous on small businesses and it's stopping

them from hiring. >> anybody can create their own numbers. remember that. anybody can create their own numbers. that's why you have an independent agency that sometimes the democrats don't like because of what they say and sometimes the republicans don't like because of what they say. it's very, very important to have the independent agency tell us and they are telling us $230 billion of a hit, a negative hit or financial stability here in the united states. >> all right, thank you so much. >> thank you. >> always great of you to come in. let me have you stay here because we are just hearing from the associated press that this very important decision by the president has been made. william daley will be his new chief of staff. as you probably know, he was the secretary of commerce under president clinton and a special counsel to him, as well. he coordinated a campaign to path the north american free trade agreement. he is a lawyer, he was chairman,

vice president al gore's 2000 presidential election campaign. and, also, the brother of the mayor of chicago. this, obviously, a key post after rahm emanuel went back to chicago to run for mayor. let me ask you your reaction to this, as long as i have you here. this is a very key position. what do you think about william daley? do you know him? >> i do know him. i served in the congress when he was a commerce secretary for secretary clinton. when he was al gore's campaign, head campaign guy for his presidential run. >> so, what do you think he brings to the table? >> i think he brings a lot of things. he knows a lot of the players and a lot of the history. he has steeped back in business especially in having helped his, his brother who has been, as you know, the mayor for so long in chicago. very business driven. so, and he has sat on and been a

part of a lot of the financial industry for a long time. so, i think, also, his commerce secretary. so, i think it's an indication from president obama that he'd like a real insider here to washington because in a lot of ways he was, that he wants somebody who can talk to business. he wants a real democrat over there. so, you know, there are good things people bring and bad things. i try to look at the positive things. that would be that we need to create jobs and because he has had a very successful brother and he's helped him in many ways out there in chicago with the business community, i think he has an understanding that jobs are created within cities and at a local level. they're not created out of washington, d.c. and if we push some of that down, we'll see more of that job creation happen. so, i think it's actually -- he's very even keeled. he doesn't have, he doesn't throw tantrums and he doesn't have -- >> are you anti-rahm?

>> i'm saying even at times when i had conflicts with bill daley and i did, believe me, we were really able to speak about things and come to an accord or agree eto disagree. so, i'm actually pretty pleased with that suggestion with that appointment. >> congresswoman, thank you for your insights. always great to see you. nbc news has now confirmed that william daley confirmed that william daley will be the new chief of staff for president obama. we'll take a quick break and come back for more on this breaking news right here in the live washington edition of jansing & company. uh, i'm a little sick. sick?! you gonna let a sore throat beat you? you're fearless! ahhhhhhhhh! atta boy! [ male announcer ] halls. a pep talk in every drop.

what a morning it's been already here on capitol hill. they're reading the u.s. constitution for the first time ever on the floor of the house. the new speaker, john boehner, has held his first news conference, and we're learning more about the changes at the white house. bill daley being confirmed by nbc news as the new chief of

staff for barack obama. mike viqueira is at the white house. he joins us now. tell us a little bit about him and the importance of this job. this is clearly one of the most influential positions inside the executive branch. >> reporter: it's often been called the second-most important job in the united states government next to the president. the chief of staff in the west wing confirms that bill daley will be named to that position, has been named to that position. the interim chief there, pete rouse, will stay at the white house. he's been elevated to the counsellor to the president. bill daley coming in. somewhat con tro controversial he has been on wall street. that was the sector that had been vilified by president obama for much of the last year, trying to pass the reform bills number u the commerce secretary under president clinton, close ties to both the democratic party and the business community

coming in now as the chief of staff of the white house. you recall that rahm emanuel left in the fall to run for mayor of chicago. the interim replacement was pete rouse. he stays here. very interesting scenario playing out yesterday, chris. daley was here meeting again with the president. they are both from chicago. the chicago connection's still very strong here at the white house, but he's not someone who was in the orbit of president obama himself. apparently they've gotten comfortable with one another, daley now coming in. he takes the reins. we can assume this is going to happen almost immediately, chris. >> mike viqueira at the white house with the breaking news. thank you for that. that's going to do it for the special edition of jansing and company. contessa brewer will be here to pick things up next right here on msnbc as we continue to watch and listen to the reading of the

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good day, everybody. i'm contessa brewer covering the big news coast to coast, and we have breaking news right now. nbc news has confirmed the new white house chief of staff will be william daley. tell me what bill daley brings with him to this role as chief of staff? >> well, he's someone who's respected behind the scenes certainly. he spent years at jpmorgan chase on wall street. certainly an odd choice. we're getting e-mails from progressives and think tanks that don't like this appointment. he knows how washington works hchl e was the commerce secretary under president