it was the decade that brought us the brat pack, madonna and mr. ters more. to make sure nobody cheats, we have "entertainment weekly's" jim stack in the house. >> he wasn't even born yet. >> i was, actually. >> we're ready, babe. >> okay. all right. our first question, finish this sentence from the movie "top gun." tom cruise said i feel the need -- hoda. >> the need for speed. >> yes. >> good one. >> how about some applause? yay. >> so -- >> pace yourself. >> tom obviously played maverick in this, romanced kelly mcgillis. this line made the list of afi's greatest movie lines ever. >> we don't care about that. >> okay. question two. all right. what candy became popular after being featured in the movie "e.t."? >> reese's pieces. >> pieces. >> yes. reese's pieces. >> she said something else. very close to feces. i don't think it should work. it should be a tie. >> okay. >> everyone remembers elliott sort of lured him out of hiding with the reese's pieces. >> yeah, yeah, yeah. >> okay. fine. wow. >> what are you showing off? you have the answers. >> q

mostly a mr t. t. attachment incident six nine three. it's time to get to a lot of. personnel down here and i'm pretty sure it's. seven california is not. the only area where it's happening now firefighters coming from different states want to apply to have a city and you paramedics are experiencing the same thing i had a guy from here just in the last week you know paramedic burnout talked about in his area. a guy from new york. paramedic paramedic burnouts go through three big issues. in this field with this shield the shield is ok but still doesn't mean the other rescue at our station is available so they get the next cough which means we get the chance to take shower and pressure teeth so we don't get our showers interrupted jimmy page. and you know all these rescues here we're probably going to be waiting for a while because i think we just got the last available that that's what i. want you . know. we just take a patient to martin luther king with vomiting which gets triano just in the emergency room and based on her level of severity so good or bad. we got the

mr. t rex, what do you think about the current situation with iran. >> it goes to show you that iran is always going to be iran. and if israel wants to be israel they will have to go in there guns a blazing. >> that's a good point. but aren't you worried about nuclear armageddon? >> i am already extinct. >> t rex, keep on, brother. >> the tea party has gotten into the toy business. we have a founding father bobblehead in the form of george washington. it is our 21st president. i can't tell a lie either, you are adorable. i was very impressed with this particular booth. this is a new toy called the hudson news. look what kids are playing with these days. this is the economist. how to set syria free? and demi's desperate spiral. uh pierntly kids are -- apparently kids are interested in drug-addicted cowers. >> it was as awesome as expected. what i learned what is old is new again. >> sbt that right sock monkey? >> it sure is, bill. >>> what was the big tacked away? >> the greatest generation

at&t is proud to not only sponsor today's event, but to sponsor the chinese lunar new year parade this weekend. please welcome him. [applause] >> good evening, everyone. thank you jason, mayor lee, mrs. lee, general gao. at&t is all about connecting people across the world. while most people think of that with a phone or a mobile phone, which also connect people through events like this, through the sponsorship of a beautiful dragon boat i can see lit up up there. that is gorgeous. we threw the switch on early tonight. thank you so much for letting us be part of your celebration. thank you. [applause] >> thank you, and think at&t for your continued commitment to our communities. finally, we have the chair of the asian american heritage month committee foundation. this is a dedicated leader in our asian american community. please welcome commissioner who claudine at chiang -- commissioner claudine chang. >> [speaking chinese] at the beginning of every year, whether chinese new year begins in january or february, the city and county sets a great example for the other major cities in this country in the way we celebrate lunar new year, and especially with the leadership of all the memb

at&t is proud to not only sponsor today's event, but to sponsor the chinese lunar new year parade this weekend. please welcome him. [applause] >> good evening, everyone. thank you jason, mayor lee, mrs. at&t is all about connecting people across the world. while

mr. chairman, just to make 't h high-paid rail and the efficiency of it, but putting that aside, but your point and i want to emphasize it again, is we subsidize roads, big time, i know that the bonds that all the rest of my community paid for my city for a road that might be in a small little area, but the objective was to create a system, a network that moves people for commerce, transportation for individuals, very important. so i understand the senator's concern about high-paid rail, but the point that we -- do we subsidize all of it, trains, roads, ferries, you name it, we subsidize it because it's good for business if we do it right. and when we get goods delivered by them, it's because we have paid for it with federal dollars. >> senator johnson. >> thank you, mr. chairman. i also want to express concern about your son. >> congratulations on your bridge by the way. >> thank you for your help in kind of breaking the logjam, hopefully we can get that in the house. >> absolutely. >> and that really is a prime example of how important infrastructure is, and i'll just start out with tha

mr. chairman. chairman bernanke, it's goiod t see youment our friends on the other side of the aisle since the debate over the recovery act ensued have furiously tried to insist that it had no impact, it created no jobs and wasn't necessary. the recovery act lowered the unemployment rate by up to 1.8% in calendar year 2010, up to 1.4% in 2011 roeelative to whatt would have been had congress not acted at all. since that time, actually, since 2005, we created more jobs last year than we have since 2005. and since march of 2010, 3.2 million jobs have been created in the private sector. so my question to you is have we not acted and passed the recovery act, would that recovery happened as soon or even at all?

council is struggling to take control over the country's volatile situation and mr internationals recently accused the n t c a failing to protect human rights claiming thousands of khadafi supporters are being held without charge and even tortured there are reports at least a dozen have died in a rebel prison since september as a result of mistreatment reports from libya say former rebels want to take over power civilians remain armed and the economy has crumbled since the war political scientist dr not a hush we tells r.t. there's even more trouble on the horizon. i see a very grim future in libya i see a civil war in libya i see it's never going to have a good stable. environment there and this is exactly what the western one wants to happen because they want to get control of all the oil all the natural resources there now these days who hold the economy control the world and this is exactly what they want i see no future no good future i hope i'm mistaken but i'm not unfortunately libya is going towards. credible civil war people are going to be killing each other left and right green is up next with

mr. simpson talked about in terms of getting to t. sounds like an endorsements of our budget. >> i'll yield back. >> thanks. >> okay. thank you. >> i hope we -- gentleman's time is expired. >> [ inaudible ]. >> agree. mr. campbell. >> thank you. mr. chairman and dr. bernanke. a suggestion was made earlier that you make policy pronouncements on housing, and i'm very deeply, as you know, involved in trying to restructure housing finance and the housing market. as much as i personally wish that were true and that you would weigh in on the side of the proposals that i have made and versus others, you and the fed have been, i think, judicious in not doing that, but what you have opined on and i would like to be ask to you say in your own words is the importance of housing, the housing market and a housing recovery if we wish to have a robust economic recovery and job growth. would you care to comment on -- >> oh, i certainly would, and this is the reason that we have a housing committee, basically, at the fed, which a bnch unch o staff and

the at&t was a 2011 permit. >> can we hear from mr. scott or who is representing the permit holder? is there anyone here representing the permit holder? please step forward. >> good evening. i am the facility manager and representing the owners of the property. i do not know if this is the proper place, but rob monaco is not the sole owner. he is not the owner of the property. it is listed under monaco properties, llp. for the record, i would be listed as a representative for the property. but this is all a little confusing to me. as far as i know, we were issued a permit. the posting for the hearing was put in the window for 30 days. i have an affidavit of that posting. and a photo of the large white paper with the notice of hearing theire. >> if you could put that on the overhead -- >> yes. behind that is the photo. president garcia: who sign the affidavit? >> it is the architect. he happened to be there. president garcia: could you point to the image of the posting? >> this is the window. there is a lot of reflection. you can see up here better. it is a notice of public hearing.

mr. paul? >> frank, first of aushlll, i t you brought up a good point of nafta. i was critical of it in 1983. it promise to do reduce illegal immigration, it promised to create more jobs on both sides of the border and to raise the wages of mexican workers so they could buy more american products. it promised more political stability, and if you look at the reality in mexico, it's clear that really none of that has happened. and, in fact, not only his the united states seeing a lot of production shift to china now, so is mexico, because the race to the bottom, you know, has a long way to go, and even in china you're seeing jobs move from the coast to further inland to china and also to other low-cost countries like vietnam. i think a smarter way to do it is not to have trade agreements that are based on a philosophy of tree trade, but to have them based on results. and trade is supposed to be about an even trade. and it's supposed to be about leveling the playing field and allowing both sides to compete fairly. that really hasn't been the case. and if congress and the president wanted to spen

mrs. obama and the first dog bo greeted visitors as they were ushered through the public viewing rooms. the first lady shook hands with a teenager wearing -- there he is -- a ron paul tokay. mrs. obama's impromptu meet and greet last good an hour. she spoke about sightseeing in d.c., food, and her let's move campaign. cool. >>> stay with us, "news4 today" continue at 6:00. we'll have the latest on the fog and the very busy traffic out there. >>> and breaking news [ male announcer ] technology accelerates at a relentless pace. anything not moving forward is moving backward. [ tires screech ] [ engine turns over, tires squeal ] introducing the 2013 gs. with the lexus enform app suite, the most connected information and communication technology available in an automobile. [ tires screeching ] the all-new 2013 lexus gs. there's no going back.

mr. chairman.>> the ranking member, i think, put his finger on the great question confronting this committee and t for that matter, confronting nd this nation. he made two statements, one of r which i disagree the other which i heart illy agree with. you said that this t administration had inherited thr worst economy since the great depression. and i agree it inherited a terrible mess, but i seem to remember a time more recently when we had double-digit unemployment, double-digit inflation, mile-long lines mi around gas stations, interest oi rates at 21.5%.nt that was the end of the carter administration. we elected ronald reagan who adopted policies quite the opposite of this administratione perhaps the reason the ranking i member doesn't recognize it is because they didn't last very long.oesn't those policies produced one of the great economic expansions in our nation's history.ne o in fact, phil graham recently published an article in "the wall street journal" in which hc estimated that if the economic recovery under this t administration had tracked the y same as the reagan years, we t would h

mr. lawrence, what did youha mean t by correcting?c caorn you expand on that? >> no, thank you. >> how's george doing? courageous and resilient.ie >> -- time has not made us miss yeardley any less. quite of opposite, it is trulyly devastating to wake up each dayc and realize she is no longerer here. we will continue to keep her spirit alive by performing workg of kindness in her name. we would like to thank thethe commonwealth, and particularly dave chapman for his tirelesses efforts on our behalf. so this two and a half week trial is now over.. allison and tony? >> paul, the next, what doesha happen as far t as the actual te george huguely does get? and is that real-time there in virginia? >> reporter: yes, truth intr septembering here, allison, there is no parole in virginia,v so whatever the jury decides to do, to give george huguely is what he has to serve. and the jury did know that. dave chapman told them that, and so did the defense, so they wer very aware.ry but however, before they went to deliberate, one jurors asked the judge can we consider his time

mr. chang, unfortunately your application is not filled out. of igoin t is the only way i know how. if you do not understand what i amsayingstop me. heplication, thepeyo submitted, is not filled out. therere manyreat did not answer for instance what are your doorolicies describe your plan tocontro line eleverybody to keep quiet? that is insignifican applicatio i find at this plicatio dooteet stans. t just blank. your application is blank. roblemmoving forward with this application. commissioner perez: you are required to do a neighborhood outreach and talk to your neighbors. you said you did noto any of return on your application. that is part of the requirement. you need to talk to your neighbors to ask about what you are going to do. tell them you are going to have entertainment. >> poste a sign in front of the door more than 45days commissioner perez: that is not enough. you actually have to reach out. vice chair joseph: mr. chang, has any member of the staf hetertaicoission contacted you about this permit? >> yes. vice chairjosewhen they contact you the first time? >> october. v

mr curtin stands in. some see the movie. v t v minority shareholders paid for by the banks main institutional investors they've been excluded from the boys and have threatened to sue i'm the civis carefully calculated based on. the current share price is actually the fair warning . thanks very much indeed for that done you know on our business desk thank you. and on to other news the prime minister has also discussed another plan likely to appeal to the electorate fusions said away must be found to close the subject of unfair privatizations in the ninety nine to as he suggested that the tycoons that took control of the country's resources should pay a one time say he acknowledged that the process of privatization after the collapse of the soviet union was dishonest the exact details of the plan have not been worked out and said this should be done with the public and so. we're going to have a look at the markets now first we'll get started with exchange rates there is damning value against the dollar on the ruble foreign signals

mr. noonan has five minutes. >> i give the balance of my t e time. >> thank you. one former chairman mentioned that nobody is talking about getting rid of the charitable contribution that actually in the prior three budgets, the president has capped charitable contributions to 28%. just want to remind the gentleman from new york regarding the president's last three budgets and what he proposed. obviously it wasn't adopted by the congress, but there is one person in washington who has talked about the issue in the context of reducing that charitable contribution. and i wish mr. lewis were here, because he and i as the chairmanmen have the caucus have both opposed that as co-chairmen of the philanthropy caucus. those of you who are vice presidents for companies, dealing with tax issues, can you tell me who your major competitor is and how the current tax code causes you to make decisions based upon investments? starting to my left. >> the united states postal service. they don't pay my tax. ups, their tax profile is very sloor to ours. and we have several internatio

mr. robinson as well because it's immodest, you could have gotten -- t 75 guys with an orange crate without this great exhibition and placed us on the orange crate and we would have had massive crowds and we talked about anything honestly, there were all sort of questions of life. on it one hand they were skeptical, on the other hand a huge achievement, and i think this had some relevance for -- let's have more exchanges. and i'll put in my two cents about nixon now, whom i never liked very much then this, i certainly liked him a lot less later. but, i'm going to praise him now i'm not so certain that this was totally unplanned, i'm not so certain khrushchev didn't have in mind to do this, because after all, khrushchev spent a good part of his life preparing to debate american capitalists. marxism was a cataclism. it was in his bones, there was a capitalist, and i have been told all my life what is wrong with capitalism, of course he knew very little about it. but i want you to remark -- i want this audience because i myself see it, you know, i'm returning us to the cold war and the utter t

mr. chairman of t pecos we have some work we want to do. as i want to close here.p. but what i want to see isan this is really close to in emergency and i don't want to overstate mh it. the entire program expires, mr. president on march 31st. all of our states are going to be hit with an end of 1 program that's essential to then people come to their businesses, and that's why we have 1,000 organizations representing gratp millions of people from the chambers of commerce to the afl-cio, to the granite people t and the cement people come to- ze general contractors. i mean, seriously the aaa. not it goes on and on from eight ton see. a thousand organizations that are behind our bill, and they are not going to look kindly ons a situation that we could come i to which is that we don't have a bill coming and you can't just n extend this bill because the fund. money is not in the trust fund o any more. it's not like the past years he could expand it. of the money is and in the trust. fund, so if we have to cut a third, we are talking about hundreds of thousands of workere w

leading up to the invasion of iraq and we also saw it last year in libya this is r t coming up a bit later in the program mr to stickle nightmare europe's financial troubles are predicted to get even worse as the bloc prepares to flood athens with more taxpayer cash intended to repay previous e.u. learns and. election fever grips russia as thousands of people come out on the streets of moscow to show their support for the various british dental candidates. a u.s. soldier accused of the largest leak of state secrets in american history has been officially charged in court among the data he suspected of releasing this footage of u.s. soldiers firing on civilians and that is christine for reports next the system behind the trials being blamed for covering up crimes and punishing those who speak out. nearly two years in waiting much of it in solitary confinement. among the twenty two charges filed against him aiding the enemy violating the espionage act and illegally transferring classified data to an unauthorized source wiki leaks. part of that was this video showing u.s. army pilots killing unarmed civilians

mrs. obama, fellow regents and honored guest, good morning. on behalf of the board of reg t regents i'd like to welcome all of you here to this incredible ceremony. i'd like to congratulate the council of the museum history and culture and the founding director, lonnie bunch on achieving this historic milestone. that we are breaking ground for the construction of the museum's permanent home is a testament to their shared vision and hard work. in 2003, the regents were honored when the congress passed and president bush signed legislation establishing the national museum of african-american history and culture within the smithsonian. since that time, the regents have made opening the museum our number one priority. the legislation also tasked the rege ents with one duty particularly relevant today. we were asked to select the site for the new museum. over the course of two years, we listened to a passionate discourse on the museum, through public town halls and on the internet. we consulted closely with the museum's council and other stakeholders. we considered a number of at

mr. mason said, moving them really stops the sort of piling on of the t line. in order to go anywhere in the course of their workday, they had to get on the t line, and they get on en masse. it created the perception that we were targeting that line when they were simply getting from point a to point b. we put us on the line when it is part of our operational mode only, and second, it is the effect of morel. they are happy to be centrally located and going all throughout our system easily. i thank you for your comments. >> also, the work you're doing with the captain in with the station also seems to be effective. as you mentioned, there has been a decrease, so hopefully, you just keep on that. >> part of that, too, was we have seen a bit of an uptick in the electronic device larceny and death of those devices -- staffed -- theft of those devices. we're working with schools on a campaign. within a couple of weeks of introducing a major campaign at mta, which is designed to educate all members of the public's to be aware of your surroundings when you're using el

mr. chairman. i would like to welcome secretary panetta and general te t administration's continued focus on the asia-pacific region and the dod intends to press forward with the build-up in guam. thank you, gentlemen. dod announced a changed realignment for guam. what's the rationale for changing the implementation plan with japan. what prompted these decisions? what's the benefit of the proposed realignment? to what extent did the passage of the budget control act play in these changes? and can you also elaborate on the strategic importance of keeping marines forward deployed? how is this necessary to keep our treaty agreement with japan? secretary? >> congresswoman, first and foremost, let me indicate that no decisions have been made with regards to what exactly that realignment will be. we're in discussions with japan. >> i understand. >> we're trying to make decisions. this is an issue, as you know, that has been out there for a long time. we just think it's time to try to get it done and to try to resolve it. and japan has been very helpful and cooperative in trying to work with us in that effort. we'l

mrs. obama and the first dog bo greeted visitors as they were touring the white house yesterday. the first lady even shook hands with one teenager wearing a ron paul tshe did give him a second look. mrs. obama's impromptu meet and greet last good an hour. she spoke about sightseeing in d.c., spoke about food and her let's move campaign. >> very cool. >> yeah. >> he probably didn't realize she was going to be there. >> sure. >> might have picked a different article of clothing. >>> 6:41. time check on the weather. meteorologist tom kierein telling us about changes. fog, storms coming in this weekend, tom. >> we are dealing with dense fog. watch for that along the i-95 corridor and areas south and east of washington. temperatures near 40 degrees. farther west and north, not much fog. above freezing. the view from space showing breaks in the clouds. a few sprinkles from germantown to gaithersburg. here's your day planner. yes, look at that -- visibilities have improved quite a bit. that's a live view from the city camera. sunrise at 6:57. maybe a lingering area of patchy fog south and east mid morning. elsewhere, more sun breaking out. then a sunny aft

mr. a : and others.addi t i shall have further says be exhibited today.ordio >> according to revenue customss some families are a 30,000 yeara would lose over a thousanda yea credds a year in tax credits. before the election the secretary said outlawing low-income pellets to have it was a lie and irresponsible scam did he mislead the public?isad >> what we have done is increass tax credits lowest paid people p in our country and actually lifted over a million low-paidly people out of these, a raising.o i think if he is worried aboutor taxation acc should have a word which is can they get for the mayor of london and livingstonan and as the reason to pay theira. taxes. >> many, many errors people are moved by with the provinces said of a bloody sunday.asingl coming -- become increasingly clear the eurozone supports yes, and the referendum.n the will the prime minister confirm that this country, wherever decides. >> certainly very good friendsg of the republican mayor live ind the people of the republic ofopf ireland.the it is their choice to decide ite receipt of this duty it is thei choice to

mr. obama, a blank check. they didn't fill in the blanks. they didn't cross the t's, didn't dot the i's, they said trust us and said, try it, you'll like it, and tastes just like chicken. it doesn't taste like chicken. it tastes like something else from chicken and it's a big, big, big problem and fill in more of the blanks and they've started to fill in the the blanks when they've filled in the blanks, you'll see we have fully socialized medicine and taking money from everybody's pockets to pay for it. this is not to say that the portion not on health insurance, but to make this goldberg, incredibly complicated contraption do it, and for congress not to give a fully detailed bill to the president, that was a huge mistake. >> and the catholics responded to that and we don't like that-- >> right. >> all right, so, what do you make of this? >> what do i make of it? you know, if you look at, it's eerily similar, and i studied dodd frank more, to dodd frank. the reform bill. when you unpock dodd frank it's a goldberg contraption of rules and regulations that really doesn

t the items you just mentioned. >> my time expired. >> let's go to mr. posey. he is recognized for five minutes. >> thank you very much, mr. chairman. it appears in trying to put the pieces of the puzzle together that mr. roseman was a chief financial officer until he stopped telling mr. corzine what he wanted to hear. and then mr. stockman was hired to tell mr. corzine what he wanted to hear. just saying. that's clearly how ate pears so far. i red an article sold out. private meeting between government regulators. i'd like to begin by asking mr. stockman just a few questions about that meeting. do you know about the meeting with the sec, jp morgan, goldman sachs and others? >> no, sir, i wasn't involved with those meetings if i understand which ones they were. >> do you know about the meeting? >> i was aware but not involved with those meetings. >> do you know the names of those who were there? >> i do not. >> how did you find out about the meeting? >> if it's the sec meetings that you -- that you are referring to, some of this was in the public and as a gener

mr. denham and the t&i committee have included stipulations that the commission for property disposal include individuals with historic preservation and community development expertise. and i appreciate that. however, these individuals cannot possibly know about the individual local circumstances in communities all across america. for that expertise, we must return to the -- expertise, we must return to the conservative principle that local people, not the federal government, know most about their own local circumstances. to that amend, to that end, my simple amendment would protect the ability of local governments to work with g.s.a., to dispose of real property which would be suitable for park land. this amendment would not interfere with the author's objective of liquidating high asset federal buildings, it simply would give local governments and local taxpayers a voice in the disposal of property in their backyards if that property is suitable for parkland. as we learned in oversight and government reform hearings on this topic, my amendment would save the federal government money because

effective, more efficient care and that we are not in any way t violating the basic compact with our seniors the to provide them quality care. >> mr. van hollen.

mr. bennett and other legislators that were leading this effort, and spoke at nato after 9/11 on -- we've learned how to defend air, land, and sea. the next frontier is in those t years, we made a lot of progress but the bad guys have made more progress. and they can jump across jurisdiction with no legislative legal barrier. >> mr. chairman, i have to say that this is one thing that i think our committee always deferred over to homeland security. but here's a point where we may want to talk about both sides of the aisle should be able to cooperate on. we've got a consensus there. and, frankly, the bad guys in here, the obstructionists are on both sides of the aisle, too. so maybe this committee can take a look at how we can go back and revisit that and address that issue. and i appreciate the fact that you draw the line about i'm concerned and i'll as the doctor to jump in here. the two at the end brought up two interesting things. when we develop strategies how to address this, we don't want to create a box that gives people the litigate and private sector. but we don't want to create a box that allows the bad guys to know how far they have to move outside to

we also heard from the president and vice president that he was wife,t she was mr. gao's to hear firsthand from these incidents. while the vice president's trip to the u.s. is already under way, the administration should still give gao's why is the courtesy of a meeting, given that they are rolling of the diplomatic red carpet for the very government that has imprisoned and tortured her husband. can they meet with her, even if it is after words, it is clear that the current situation in china is not working. human rights are reportedly discussed in private meetings, but it has not yielded any results and has emboldened the chinese government. we should not forget to persecute a church. 25 catholic bishops are under arrest. protestant pastors are in jail. a tibetan nun sectors of the flame on sunday because of this activity, -- set herself on fire on sunday because of this activity, and the list goes on. these issues would have featured prominently with susan coates. the state department's ambassador for international freedom was ready to take on china last week. it

effective, more efficient care and that we are not in any way t violating the basic compact with our seniors the to provide them quality care. >> mr. van hollen. >> thank you mr. chairman and director zients. the bipartisan commission said $4 trillion in deficit reduction as their window. and they set something in that h range. included in their recommendations was reducing expending by over a trillion dollars. as part of the budget control act we passed, we cut passe discretionary spending by approximately $1 trillion. it seems reasonable and i think ordinary americans watching this understands that you should mera count the effort you made towards the $4 trillion. after all it was recommended we do it and we did it.on that is a trillion dollars. and you have a mechanism to m achieve another trillion dollaro through a sequester. it has across the board cuts to defense and nondefense investments and what you proposed is another better, more reduction. it's just because it's built in that this massive $1.2 trillion cut o that nobody in this room thinks that is the best approach, justd because you came up with a better way of doing

t come sit with us. i have invited today an outstanding expert in earthquak safety mr. pat buskovitch to join us. there he is, thank you. he's our answer man today. our focus today is on home earthquake safety. we're going to start by looking at some slides and using the slides as a -- as a sort of spring board for us to discuss issues. then we're going to go through some stuff that is recommended you have in your homes, and you can see what i have in my home over here. this big box of emergency supplies, right out of the garage still covered with cob webs. let me just start by saying -- showing you a little map over here. and this map shows san francisco. i don't know why san francisco is white, actually. but here's san francisco on our little map right here. it shows san francisco being -- here, pat, you can help me with this. you can see san francisco is between two major faults. the san andraaes fault, which ruptured during the earthquake our centennial next year, and you'll know that san francisco is between the two faults. there's no escaping the nerks earthquake. the usgs just revised thei

mr. president, you were elected to lead you. chose to follow. and now it's tomb fime for you t out of the way. romney badly lost south carolina to newt gingrich. he came to florida to fight the former speaker. and did in two debates. and 3200 tv ads. almost every one attack gingrich. >> newt attacks because he has more baggage. >> reporter: as they voted many question gingrich's character. he lost big by 14 points, but gingrich signs tonight read 46 states to go. >> we are going to contest every place. we are going to win. we will be in tampa as athe nominee in august. >> rick santorum says gingrich blew his chance. santorum staying in. ron paul, too. romney said, that's okay. >> opponents in the other party have been watching. and they look to comfort themselves with the thought that a competitive campaign will leave us divided and weak. but i have got news for them. a competitive primary does not divide us, it prepares us. >> reporter: florida delegates are not divided. romney wins all 50. now there is a month long break before the next big state primaries. time for candidates to regroup, re

mr. bernanke, he is expected to arrive in the room in a moment. we will get started in a moment t transportation bill is being worked on, it will set is policy for the next couple of years. the bill has been stalled drug negotiations over unrelated amendment s senators agreed yesterday to deal with contraception coverage. a vote on that amendment is expected some time tomorrow. you can see live coverage of the senate on our network c-span 2. the house is gathering in, they will be debating a bill on changing water distribution in california. ben bernanke is making his way into the room. this hearing are -- will come to order. we meet to hear the semiannual report to the conduct of monetary policy and the state of t the economy opening statements are limited to the ranking chair and chair and ranking minority member of the sub committee on domestic monetary policy and technology, for a period of eight minutes on each side without objection, all members' written statements will be made a part of the record, for purposes of opening statement i recognize myself for five minutes. in my

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t amendment. all in favor say aye. the amendment is adopted. senator colburn. >> thank you, mr. chairman. i would just like to make a couple of comments. then i would like to defer my first amendment and allow senator cain to take the position. you all worked very hard on this. there are some good things. >> tom, is your microphone on? >> it's on. i'm not close enough. i remember what we said five years ago. this fixes it. that's what we said. the chairman said it. the ranking members said it. you were chairman then. we were going to fix it. the one thing we didn't do in that bill was give the post office the flexibility to run as a business. and we're making the same mistake again. we are telling them what they can and can't do. there is a lot of positives in this bill, hopefully it will get better as we move through the amendment process. i will predict to you the bill as written now will not fix the post office. we will be back again. we don't have the luxury of not fixing it this time. i co-sponsored senator mccain's bill not because it is the best solution, but i think it is a better