. >> congressman patrick mchenry, thanks for being our newsmaker. >> we are back. i want to begin with this new subcommittee on tarp, financial services, and bailouts of public and private programs that mr. mchenry is going to be heading up. >> he was certainly interested in mortgage issues and the h.a.m.p. program. this program has not worked out, but they are looking at this issue to see if there is any kind of safety net. >> the other issue is state finances. states are in a lot of trouble. it sounds like the republican congress will not be enthusiastic about giving money

. >> congrressmen patrick mchenry, a republican. >> there is a lot of concern about the position that states find themselves in right now with their deficit and their debt. i am curious about whether they will have to come to congress about a bailout. you have a subcommittee that will look at these issues. how you plan to approach that subject? >> it is important we understand the magnitude of the problem. the fiscal situation of the states and the musicality of- the states and the municipalities -- the states and the municipalities. i want to make sure we have a series of hearings about the problem and the potential solutions. that is what i intend to do on the subcommittee. >> no one is talking about a legislative solution possibly? >> possibly. we have this idea of state bailouts versus state bankruptcy. i do not think this can be boiled down into those issues. legislation has been filed that would force states to provide more transparency on the assumptions they make about their pension plans. that could be a potential legislative solution so that the bond markets could make bette

. >> congressman patrick mchenry, thanks for being our newsmaker. we are back. i want to begin with this new subcommittee on tarp, financial services, and bailouts of public and private programs that mr. mchenry is going to be heading up. >> he was certainly interested in mortgage issues and the h,am h.a.m.p. program. this program has not worked out, but they are looking at this issue to see if there is any kind of safety net. >> the other issue is state finances. states are in a lot of trouble. it sounds like the republican congress will not be enthusiastic about giving money to them. there is also this tricky issue of trying to research and hold hearings on the question of a bankruptcy procedure. even having the conversation causes a risk. people who buy municipal bonds or that that is not as safe an investment as they thought. but our people already worrying about a? >> just the conversation is worrying people. >> what are they saying about the prospect of bankruptcy for states? or are the republicans saying they will not bailout states? >> there are a lot of

at 10 a.m., north carolina congressman patrick mchenry.hen president obama delivers his state of the union address, and then republican paul ryan gives the response. >> this weekend on book tv, almost ten years after the attacks on the world trade center, cnn national security peter bergen looks at the longest war. also this weekend, william hartonk and david eisenhower on the grote of the military complex. and edward mcclellan on president obama's run for the illinois state. >> tonight we'll talk with former president bush about his life and book. >> you're through with politics. >> yeah. >> define that. >> i don't want to go out and campaign for candidates, i don't want to be the money raiser, i don't want to be on talk shows giving my opinion. i think it's bad for the country, frankly, to have a former president criticize his successor. look, it's tough enough to be president as it is without a former president undermining the current president. plus, i don't want to do that. in other words, i don't want to be on tv. >> it's about over.

our guest on "newsmakers" is a north carolina republican patrick mchenry. he chairs a subcommittee related to the bailout. one of the questions -- can states declared bankruptcy. host: do you envision having a conversation about state bankruptcy? so they can go through a legal process to deal with debts? guest: i am not convinced it is the right answer. however, i do not think there has been enough research done about whether or not bankruptcy would be costly to the states, in terms of the state's -- the states that are in fine physical shape, whether or not they will pay a lot more and lending costs because this is on the books of verse is the states that said, the bond markets are in bad physical shape whether it is illinois or california. i am not convinced it is the right approach, but it is something we are going to have to discuss and better understand. i do know, and i can say this for certain, that this congress and the majority that i have the pleasure to serve and in the u.s. house, has no appetite for a bailout of any kind for the state's. host:

. >> what do you make of the republican leadership putting patrick mchenry in charge of this subcommittee? >> it sends a message that he is known as someone who is a fighter. putting him in charge of a committee that will look at bailouts shows that they plan to continue hounding democrats on that issue. >> thank you. appreciate it. >> tonight we will talk with former president bush about his life and his new book. here's a portion. >> all of the actions that harry truman took made my life easier as president. therefore, many of the decisions that i made with executive order or the most controversial decisions i made such as listening to phone calls for enhanced terror in -- interrogation techniques. is the law of the land for it after the 2004 and the 2006 elections, we said that we need to ratify that which i have done within the constitution by executive order. the congress, in spite of the fact that we had been dumped, past all that enables the president to have the certain tools. people ask why we did not leave under executive order. it might be too hard for a president to put out an

. >> sunday on "newsmakers," patrick mchenry on the request to seek bankruptcy.e will let the bell labs. he is interviewed but neil arlin of the "washington post." >> it is at 6:00 p.m. eastern on c-span. >> this sunday, we will talk to former president bush about his life, and his new book. here is a portion of the interview. >> scott mcclellan wrote a book that was critical. >> he was not a part of major decisions. this is not about personalities or gossip, or selling scores. i did not think that he was relevant. >> see the entire interview on q&a. >> next, a discussion on the release of a final report by the financial crisis inquiry commission, which said that the crisis could have been avoided appearing ad ho -- could have b. commissioner with the fiscal crisis inquiry commission who released their report earlier this week and also wrote an op ed in the "wall street journal" on thursday. what caused the financial crisis. so let's start there. what caused the financial crisis? guest: i wrote this with keith hensy and bill thomas, two cocommissioners, and we re

after that, north carolina patrick mchenry on the possible request from states to seek bankruptcy. >> today on c-span drove to the white house, minnesota gov., the likely 2012 presidential candidates spoke at an event in new hampshire. just over a year from now new hampshire will host the first in the nation primary. tune in to see spans road to the white house today at 6:30 at 9:30 p.m. eastern and pacific. this sunday we will spend an hour talking with former president bush about his life and new book. here is a portion of the interview. >> lot of the actions that harry truman took made my life easier as president, and therefore, many of the decisions i made to executive order with the most controversial orders, such as listening to the phone calls or enhanced interrogation techniques became a lot of the land. after the 2004 and 2006 elections, i went to congress and said we need to ratify that which i had done in the constitution by executive order. so the congress, in spite of the fact, now enables the president to have certain tools. people said why did you not to sleep under exe

. >> on newsmaker as ",", representative patrick -- on "newsmakers," congressman patrick mchenry discussesthe possibility of states filing for bankruptcy. now a look at the size of the federal government and the size of -- the salaries of federal employees. this is 30 minutes. shington journal" continues. host: this past week the president talking about the deficit and also looking at the size of the federal goverent and the workforce among federal employees. when you hear the president talk about reorganizing the government, what does that mean for civilian employees? >> for o.s this is not a -- for these organizations it is not a federal term. i think it is important for federal employees as the actual functions that the government performs. and if they can be done more efficiently, we are all for it. i hope the president, changing poxes at the top is not that important. getting down to the mechanics of government, i think, is important. i didn't like the president's remark about salmon. i thought that was a gratuitous slam at federal employees. we don't really set up the way government