as to whether to give mr corps carte blanche spurs definitely a fight and it's just amazing missed ten cores and probably has more influence in washington d.c. than any trader i have ever known and there were no. of course i personally and mr malone we have to leave it there the rest is of course history but important lessons as we look at regulation it continues to be stymied or a lot of the so that it doesn't even get to the point that it had in the first place as i believe the volcker rule illustrates thanks so much that was mark maleng author and host of the uncorrelated investing show. it's friday so time for viewer feedback in this week is a loose change dedicated your feedback as there were a lot of comments that caught my eye so earlier this week we talked about the expansion in drone education as it becomes a college major as well olds with quite successful looking prospects and eric friday of the daily reckoning i'm very touched to say he liked it and in his latest post on barrel drones and other invasive species quoting from the show here take a look at his piece as i said t

public will see that i have behaved with absolute integrity and scrupulous objectivity. >> news corp. -- mr. smith and mr. hunt face a perilous war to state and government. >> kofi annan has expressed concern over reports that syrian government troops after a u.n. observers departed. killing the since the number of people. reports from lebanon. >> this is a suburb just north east of damascus. it is -- it has defied the government for months. activist said it was pounded for several hours by heavy weapons that should of been withdrawn weeks ago. the troops and armored vehicles, which should also have gone, are still there, too. a day earlier, u.n. observers revers -- observers were there. near the center of damascus itself, nerves were shaken by the explosion of a small bomb. the driver and several passers- by were where did. state media said at least two military officers were killed in separate attacks in the capital. for the north, they were burying their dead in mass graves. local activists named 40 people they said were killed in a government attack on monday. mostly by shelling. some a

mr. kohl site into mutations with him or dcms advisors in any shape or form about news corp.'s interest in bskyb while mr. coulson was still the prime minister? >> i had no communication or consultation with mr. coulson about this good when i was responsible for it. >> thank you, mr. speaker. i would like to ask my right honorable friend, who i also have seen serve this house with great privilege -- [shouting] could you clarify the role that the independent regulators oversee and ofcom play in this process? >> well, my reason to involve the osd and ofcom in this process to a much greater extent than is required to do under the enterprise act of 2002 was precisely because i wanted to address the concerns that members of the south and the public might have about me prejudging this issue. so at every stage i took for major decisions, each of those decisions were not the decisions that news corp. wanted, and on every ruling that i made i carefully consider that independent advice, and after considering it i followed it. >> mr. tony lloyd? >> printed the cultural secretary didn't a

mr myers in the marine corps came to a. very discreet mutual understanding i was all honorably discharged december thirty first two thousand and three and here i am. so i came back i think that that sense of a long term planning was gone i went through a divorce some things i did recklessly probably in the back of my mind i would not have minded down right. but my. i went through a period when t.c.p. . are on. and about it and thought of mainz. on a long period of severe drug abuse. i finally got to the point where i had no more money. i had no work or. i had long since moved out of my house and could not go back home and exactly where do you go from here. and it was when the national guard needed someone with and i my experience in teaching people how to fly the armed helicopters the cobras and i was asked to come in and help train some of those folks and the money was. you know fifteen twenty thousand dollars a year for part time work and it carried a retirement with even though i had and a change of heart about wars i ne

corps, lots of people. the motorcade of us going and around and all these dignitaries in various events. at the end of the day, mrs. bush had a press conference at a hotel ballroom. the place was packed. i was taking notes for my humor column. when i thought it was all over, the photographer brought the press corps that had been with mrs. bush up on the stage. maybe two dozen of us. they put me right next to barbara rush, first lady of the united states, for this picture. this is a situation where i know in my mind to say nothing. i knew that in my mind. [laughter] your brain does not always tell the rest of your body what the plan is. there was kind of a quiet moment with these high-powered journalists and this room full of people. i planned to say nothing, but for some reason my mouth came open, and i said to barbara bush, first lady of the united states, who i had never met. i said, a shot at the same supermarket as your son jebb. [laughter] i swear to you. i did shop at the same supermarket but this was before he became governor of florida. but i do not think the first lady was dying to know that. i do not thi

[inaudible conversations] [inaudible conversations] >> mr. corps cordray -- cordray, the committee will come to order. are we ready to proceed? you're recognized for a five-minnesota opening statement -- five-minute opening statement, and if you wish to go over, that won't be a problem. we won't be interrupting you. >> okay. thank you, mr. chairman. ranking member frank, members of the committee, i want to thank you for this opportunity to testify on the first semiannual report of the consumer financial protection bureau detailing the bureau's accomplishments in its first six months. in january i presented this information to your colleagues in the senate, and i look forward to presenting it to you today. before i became director, i promised members of congress in both chambers and on both sides of the aisle that i would be accountable to you for how the consumer bureau carries out the laws you enact. i said that i would always welcome your thoughts about our work, and i stand by that commitment. i'm pleased to be here with you today to tell you ab

mr. speaker, the problem has always been that after the jagman report, which i just made reference to, if the marine corps in 2001, 2002 had issued a press release stating that new evidence has shown improvement -- shown and proven that colonel john brow, pilot and co-pilot brooks gruber were not at fault, mr. speaker, i wouldn't be on the floor today. . . but the marine corps has never in a press release corrected the misinformation that happened shortly after the osprey crash when the ma reap corps' original press release indicate -- indicated possible pilot error. mr. speaker, that's why all these names that i have read today have joined me in asking the united states marine corps, who i have great respect for, they're among the best, to give the families, connie gruber and her daughter brook, to give trish brow and her two sons, matthew and mark, one letter on the commandant's stationery, clearly state to the brow family that your husband john brow, a true american hero, was not responsible for the crash on april 8 of 2000. the same for connie gruber. her daughter wrook down in jacksonville, north car

mr. robert passed and put on line to the effect that it was expected to review news corp. bid is for the sky which would be of concern to you or mr. michele is saying jeremy hunt is not aware and thinks it is not credible at all. he is checking now. mr michele is finding out to mr. hunt or his specialist adviser watch mr. hunt's view about this blogger. are we agreed? >> it seems he is trying to find out where mr. heston's information is credible. it is important to put in context during this time i was repeatedly seeking an official meeting with mr. cable so that i could make the legal case and give the business rationale and we were not able to have that meeting so we had very limited meetings communicated. >> the way you did communicate was through your cheerleader mr. hunt to find out what is happening around the state. >> that is unfair. mr michele is a diligent public affairs executive communicating with many people across the political spectrum as is evident in this exhibit. >> he picked that mr. paston, and seven minutes later was reporting to they cms -- dcairmass.

corp. and rupert murdoch answering questions before the lesson inquiry into media practices and ethics. he and his son appearing before the board this weekend we will have more from mr. murdoch's testimony after this quick break. in news related to the hearing this morning special advisor to olympic minister jeremy hunter has resigned over his role in rupert murdoch and news corp.'s attended take over a satellite broadcaster sky b. e-mails were released tuesday. you can see yesterday's inquiry and testimony by james murdoch on c-span.org. ♪ >> while we wait for the hearing to resume the senate gavels in this morning at 9:30 eastern and will be considering moving forward with the violence against women act. at 2:00 they will resume work on u.s. postal service changes and vote on methods of final passage. each requires a 60 vote majority. live coverage of the senate on c-span2. homeland security secretary janet napolitano is on capitol hill today testifying before the senate and the department of homeland security oversight hearing. was expected to address cybersecurity and cyberthreats and lack of experts to assist the federal government. the secret service investiga

mr. norcross guest lectured in south carolina in a corps called the or engines of modern conservatism. this is an hour and a half. >> he is indeed a great friend, which i suppose explains the generosity of that introduction. i thank you. this topic is particularly apt today. you hear a lot, particularly in the republican primary, about who is a conservative, who is not, what is a conservative? and you could do no better than edmond b ururke as a template f what conservatism really is. so you might ask somebody whom you wonder whether they are conservative or not, what do you know about edmund burke? clearly not every conservative knows a whole lot about edmund burke. many have probably not read edmund burke. we can move to some things you're going to hear about today and talk to them about what they think about these various principles. i think edmund burke and his principles describe the classic conservative. now, somebody's political philosophy, right, left, center, how far right, how far left, is a pretty personal thing and it's pretty complex. and the use of labels is probably not

mr. hunt's office was having the same sort of syrup tishes conversation with the alliance against news corps? >> i haven't seen that evidence but i assume that conversations were going on. >> there's another insight into mr. hunt's private thinking, assuming that the special adviser is correctly communicating it. page 63, 0714, j.h. just said, there was plenty of support for the remedy in the statement, potential to mitigate problems. he can't say they are too brilliant otherwise people will call for them to be published. you see that? >> i do see it, yes. >> it's obvious what's going on here, isn't it? he's giving you a [inaudible] and a wink -- a nod and a wink. >> i don't think so. i think his office is trying to cover themselves. they don't know what their decision is going to be. they have a decision, they have a decision to be made. and at every part in this process they followed the advice of the o.f.t. and it was for us to negotiate and i think it's crucial you mentioned earlier in the sort of preamble to this evidence, to take into account the enormous amount of documentary submissi

mr. justice eady's words and i have not read it, i am sorry. >> you can see why this is the very corps of part of what i am doing, and therefore, without asking to return if you have mind to look at that judgment and let me know whether you think what mr. justice eady there describes if it be right, and i don't ask you to reach a judgment on right or wrong, the newspaper could have appealed judgment that didn't. reveals a culture and practice that you think is, a, accurate in the sense that it is more widespread and therefore everybody does or, b, inappropriate. do you understand the question? >> i understand it, sir. i will be very happy to read it and write you a bit of -- >> that's perfect. that's fine. >> thank you. >> i would like your considered view on that question. >> yes, i am sorry that i haven't. >> that's quite -- you have had more than enough to cope with. although one might ask whether the fact that a high court judge in england had reached this conclusion about one of your papers would itself be brought to your attention but i rather gather it wasn't. >> you said it was a

corps continue to prevail. thank you. >> thank you very much, mr. secretary, we will now call upon -- see what the order is here, admiral greenert. >> thank you, mr. chairman. chairman levin, ranking member mccain, distinguished members of the committee, i'm honored to [w appear before[w you for the firw time to talk about the navy's [ budget submission.[wçw[w because of the active and [[w[w reserve sailors and civilians and their families, the navy and our primary joint partner the marine corps remain a vital part of our nation security. i'm honored to lead the navy in these challenging times. this morning, i would like to address three points, the navy's importance to the national security, our enduring tenants and decisions and how the 10 nlts and how the decisions shaped the bub budget submission. we're the preeminent force, we operate forward from u.s. bases and partner nation places around the world to deteraggression, response to crises, and to win our nation's wars. if you refer to the chart i have provided in front of you, you can see on

corp. wanted. the idea i was backing this bid is laughable, mr. speaker. she talked about the e-mail's. let me just say in that evidence, -- you should listen to the evidence that was actually presented yesterday. some of my e-mails may incorrectly suggest i had contact, would affect my contact was solely with mr. hunt's adviser. i excepts and e x of says communications overstepped the mark. what i am telling the house today is all of the evidence is absolutely clear, that none of those conversations influence the decisions i took. and let me just say this -- their party had 13 years to do something about it. the last year of the cabinet under the last labor government discussed press behavior and decided to do nothing. she faces a prime minister and cultures secretary to set up letters to the inquiry within two weeks -- to put in place a process that while fully protecting freedom of expression will oversee some of the most fundamental reforms of press practices in a generation that has shown more commitments to transparency and the openness and her government ever did. >> will my righ

mr. secretary, of the situation as regards the f-35 now? >> the situation for the navy and marine corpsregards the f-35 is because of the -- some of the issues you have identified with concurrency and with the readiness of the aircraft, we have reduced the number of planes that we are going to buy, but we have remained constant in the number of total aircraft that we will buy in the program. 680 aircraft total for the department of the navy. that's 420 for the marine corps including 360bs and 80cs for the marines, the remainder "c" variant for the navy. it's a capability that we need. it's a capability that the marine corps does not have a backup plan for. you correctly pointed out that the british when they retired their carrier. we did that to extend the life of the carrier to make sure we had the vertical takeoff and numbers of the f-35-b. >> thank you. mr. secretary, gerald r. ford cost overruns are $1 billion and i'm not sure how much it is complete. will the navy be asking for legislative relief from the cost cap of $600 billion? >> senator, not this year, but i'm certain we will

corp. this is just over 30 minutes. >> thank you, mr. speaker. >> i am sure the whole house will wish to join me in paying tribute to sapper connor ray, of 33 engineer regiment (explosive ordnance disposal), who died on wednesday 18 april from wounds that he sustained in afghanistan. he was described by all who served with him as a superb soldier. his dedication and his courage will never be forgotten, and we send our condolences to his family and his loved ones. this morning i had meetings with ministerial colleagues and others, and in addition to my duties in this house i shall have further such meetings later today. >> i associate myself with the prime minister's tribute to sapper connor ray and, in doing so, ask my right honorable friend whether he will confirm that, although british servicemen and women are scheduled to leave afghanistan in 2014, the actual pace of withdrawal will be determined first and foremost by the need to minimise the risk to those members of our armed forces serving in afghanistan at that time. >> my honorabl

mr. speaker, he was not judging this bid. he was helping the bid by news corp.. in january the culture secretary's office was not only colluding with news corp. to provide them information in advance, there were hatching a plan to ensure " it would be a game over for the opposition to the bid." does the prime minister believe that is how a judge and his advisers are supposed to act? >> the leader has clearly not read what lord leveson said this morning. let me remind him what he said yesterday about the leveson inquiry. this is the leader of the opposition speaking. "i think he's right, that the leveson inquiry takes its course. the most important thing is that the leveson inquiry gets to the bottom of what happened, of what labor did and what the conservatives did, and we reach a judgment about that." this is typical of the right honorable gentleman. in the morning he sets out is very clear position, but in the afternoon he cannot resist the passing political bandwagon. >> order. the prime minister must be heard. the leader of the opposition must be heard. howev

corp. should have been allowed to buy all of sky. in email, he told mr. murdoch that it would be approved. january, he said it was "almost game over for the opposition to bid." and two leaders -- "we are in a happy place tonight." >> we now know he was being a back channel for the murdochs. the prime minister must show leadership and fire him. >> i have written the prime minister and i am confident when i have presented evidence, the public will see i have been hit with absolute integrity and scrupulous object to the -- i have behaved with absolute integrity and scrupulous objectivity. so mr. smith and mr. hunt face a perilous wall to stay in government. bbc news. >> for more on the political fallout from today's hearing, i spoke with our political editor, nick robinson from downing street. >> it is extraordinary. have they claimed another ahead? >> the culture secretary is not resigning. we're told the prime minister is behind him. the government director of communications, the head of news international, the very existence of the biggest selling newspap

corp. he is being asked about the phone hacking scandal. in the last hour, mr. murdoch spoke of a cover-up of illegal activity at his media organization. >> there's no question in my mind that maybe even the editor, but certainly beyond that, someone took charge of a cover- up, which we were victim to and i regret. perhaps i'm getting ahead of myself or getting ahead of you when i say that, you know, we did take steps after the conviction and resignation of mr. colson. a new editor was appointed with specific instructions to find out what was going on. >> our political correspondent joins me now. we've been concentrating on the charles taylor case all day. you have to bring us up to date. he is using the word "cover-up." >> he is still saying it's not at his level or at the level of his senior executives. he says it was lowered down the chain of command. they were shielding him from what was going on. he is also continuing to blame the police for not investigating properly and also perhaps most of the blame is on his own lawyers. even at one point, he says he wi

and the other general point, as deputy chief operating officer of that yous corp, you report to mr. chase carey, the chief operating officer, and not mr. rupert murdoch, your father, who is the chairman and chief executive officer? >> that's correct. >> that said, were there discussions or are there discussions from time to time with your appear about news corporation's business? >> yes, we discuss in time on time. quite often various business issues. >> i'll come back to that in due course, if i may. i'll invite you now to summarize what you say in answer to question six in your statement. this is page 02965 about your own objectives, philosophy and practice and the way in which you've undertaken your business role particularly in the you united ki united kingdom. could you sum prize that fmariz? >> question six i think relates to general philosophy and practice, to summarize i would say that with respect to operating a business when i was chief executive of businesses, i tried to foster two things really. one was a real focus on the customer of the business, a real focus on viewer

performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> thank you, mrker. the gingrich treaty. i like that. our next speaker spent 16 years serving the citizens of pennsylvania in congress. during his years in the u.s. house and senate, he voted against gun bans, magazine bands, and waiting periods. he voted to end the reckless lawsuits against gun makers and reform the out of control abuses of the atf. he is a proud gun owner and hunter who shares our proud commitment to defending our most cherished values. i have had the pleasure to go shooting with him, and i can tell you firsthand that when it comes to our second amendment, he not only talks the talk -- he definitely walks the walk. he took that fight for our values across the country, and americans from all walks of life joined him. earlier this week when he announced his decision to withdraw from the republican presidential primary, millions of americans were disappointed, but he handled the announcement with dignity and grace, and i know this man, and i know that he will never stop fighting for o

mr. kyle, have you read "jarhead," a marine corp. sniper in the 1990s. if so, what did you think of the book? >> guest: honestly, i have not. most of the books -- well, i've read carlos because i idolize the man, otherwise the books i read were fiction. in fact, i was not a big reader. >> host: what about markus' become? >> guest: i did read that. he's a good friend of mine, and i definitely wanted to support him, so i bought the book. i definitely read it. it's a tough one to read. i appreciate his story and, again, in that book, he's not saying, hey, look at me. he's trying to highlight the friends he lost and show the true heros that they were. >> host: next call for chris is from chicago. good afternoon. >> caller: good morning. mr. kyle, i saw you on your previous publicity tour on the o'reilly factor, and you mentioned you had governor jesse ventura, and i saw an interview that it did not take place in a bar in california. it's obvious someone is lying. is it you or the governor? what is going on here? it seems that if he didn't lie, would you call

marine corps, a very, very highly trained individual. and mr.gins i know was a marine sergeant, based not too far away from camp pendleton. had he ever been deployed overseas before? >> no. >> never. what was his position? >> he had not been deployed. >> he had several positions. one, the most -- one of the things that he spent most of his time doing was recruiting other marines. at the time that this incident happened, he was also in nursing school and was studying to become a nurse. >> thank you tell me anymore about the family's situation? we mentioned that his now widow gave birth to their fourth daughter. was there anything out of the ordinary going on at home? nothing out of the ordinary. and on that day, there was nothing going on ir rational for mr. loggins. >> forgive me, what about the fact that he was crashing through the gate and these reports that he was acting ir rationally. how does that speak to -- >> again, with regard to crashing through the gate, i dependent see the video that way. what i saw was at most a minor traffic accide

mr. osborn's specialist advisor known to you? >> i don't have any recollection. i don't know. >> your news corps head of corporate communications, someone called mr. matthew anderson, would it be fair to describe him as a lobbyist? >> no, mr. anderson is a communications and marketing executive who deals with public affairs, as you say, lobby, the public affairs people interface with government, would report to mr. anderson alongside brand marketing and press people as well. >> as a meevens improving the prospects of the b-ski-b bid, did you instruct mr. anderson to have contact with any specialist advisors or mr. hunt or mr. osborn? >> i think there was a regular, generally speak, at the public affairs level, at that time he dealt with a direct contact, and people of that nature that's where, that was the p.o. box for the company there. >> in terms of how news core, news international operates we'll hear that your father had some meetings with politician well, know you have some meetings with politicians. in 2008, the general election in may of 2010, would it be fair to say that mrs. brooks, as

corp. in pursuit of bskyb. a whole series of e-mails were published which appears to indicate mr. hunt was not acting in partially, but he was very much in favor of the bid and was trying to help it. charges's denies those that he did act impartially and if he will be able to prove that -- that it was misleading, but it is very, very embarrassing for him. >> thank you very much, robert. in other news from around the world, the u.s. justice department has filed its first criminal charges related to the deepwater horizon disaster in the gulf of mexico. of former bp engineer is being accused of destroying evidence. kurt mix is alleged to have deleted up to 200 text messages which outlined how the bp efforts to cap the well and stop the flow of oil into the sea were failing. the palestinian authority says israel has pushed the peace process into a dead-end yet again after the israeli government granted legal status to three west bank settlements. the palestinians say the sediments were and still are illegal. -- the settlements were and still are illegal. in syria, there are multiple r

corps businesses? >> no. >> why did you close the news of the world rather than tough it out, mr. murdoch? >> i think that's explained in my statement, but i could put it a little more succinctly in that when the milly dala situation was first given huge publicity i think all the newspapers took the chance to really make a really national scandal. it made people all over the country aware of this who hadn't followed. you could feel the blasts coming in the window almost. as i say, i would say it succinctly. i panicked, but i am glad i did. >> it is obvious closing it was a disaster. >> i am sorry, i didn't close it years before and put the sunday sun in. i tell you what held us back, the news of the world readers. only half of them ever read the sun. all surveys show that. in fact, so that probably was consideration at the time. >> closing the news of the world was a disaster financial and reputational, wasn't it? >> love to spoil reputation. it certainly hasn't stopped a record of excellent sales every day of the sun and our other newspapers. >> would you agree that -- >> let me agree wit

corp. wanted. the idea i was back in this bid is laughable, mr. speaker.he talked about e-mails between frederick michelle and myself. frederick michelle also says -- let me just quote. "some of my e-mails may suggest to a reader that i had contact with the secretary of state, jeremy hunt. my contact was with his adviser solely. i except that he except that those communications overstep the mark. " all the evidence is clear that none of those conversations influenced the decisions that i talkeook. her party had 13 years to do to something about it, 13 years. decided to do nothing. the leveson inquiries were set up within two weeks. some of the most fundamental reforms of first practices in a generation. transparency and openness. john wittingdale. >> will my friend confirm that the only advice that he took was from off-com and that he followed it? does he agree, the first thing the opposition does is to call for a judicial inquiry? is it not sensible to wait until it completes its work and not jump to conclusions? >> my friend is right on that. it is curio

mrs. davis, margaret davis, because of all the special work that she does with the marine corps scholarship foundation and other programs that take care of our military kids and families. so margaret, thanks so much for coming out. [ applause ] i do have to say it's an honor for me to share the podium this morning with such distinguished company as general petraeus and mr. o'hanlon and i feel somewhat out of place but hopefully by the time i finish making my remarks, you'll understand why i think it is appropriate that i be here. people don't think of national security when you hear the term "nasa." but hopefully in my brief remarks i'll have an opportunity to help you understand the critical role that we do play. when i embarked on my military career, and i hate to say it, but nearly 50 years ago. that sounds like a long time, but it's not. it really isn't. not in today's life. that is just a brief period of time. but as a young kid, a snotty-nose kid fresh out of high school, c.a. johnson high school in columbia, south carolina, i had no idea where my path would lead me. in fact if i were

mr. goodwin where did you hear of friction before? >> we had to do a reading for warfare. >> the marine corps is really into this, actually. for claus0vits, serving officer, one of the -- the main way, partly because he is in 19th century romantic german, one of the ways you overcome friction, and he's using the concept like the machine where all the machines get gummed up. mr. connors might have to lubricate things. telling a chief to do it. then tell someone else. that's probably the way. >> so -- because you guys are officers, right. so how do you overcome that friction. how do you overcome the inherent problem of getting even the most basic things done. for large part it's force of will. and some of you mentioned it. that's always been an argument for grant. that's why grant's tenacity is seen as a virtue. something goes wrong, something always goes wrong and he finds a way to overcome it. that is the ethic we try to teach you here. something goes wrong. are you supposed to give up and give excuses? no. you're supposed to, well, i hope, you're not supposed to do that. but here is something i want you to think about. th

corp.. >> as for of the evidence i shall give shall be the truth, the whole truth, and nothing but the truth. >> mr. murdoch, known for his strong views, appeared surprisingly reticent about his decades of a powerful newspaper proprietor. >> i have never asked mr. blair for anything. >> this afternoon, when he was asked about his wish to support the conservatives, mr. murdoch said there were many key media matters he had to discuss with the new government. >> there was always a political storm around your mergers and acquisitions. >> i welcome that question. i want it -- i want to put it to better once and for all, that is a complete myth. >> what is the myth, mr. murdoch? >> that i used the influence to get favorable treatment. >> meanwhile, the man who was the go-between has gone. adam smith described as the point of contact between the minister and the murdoch's, bidding for control for bskyb. material included apparently >>> e-mails -- damning emails -- the culture secretary paid tribute to the special adviser and insisted that he had acted would scrupulous fairness in his traditional role over

mr. kendall testified before the senate before with general bash, talked about what to do particularly in the corps of engineering when we were evaluating projects to ensuring sustainability, an issue that was discussed and addressed. i know as projects come through and were reviewed other than $1 million, we're asking the question up front, what's the sustainability? have we done it well in the past? no, senator. are we attempting to do a significantly better job as we go forward? yes. have we put the structures in place to ensure we can do a better job? i think we've done that as well. >> i guess my biggest problem with this is that i know and understand that our military is the best in the world. because there is nothing, there's no mission they cannot accomplish if we set our minds to it and put the power and the resources of this country behind it. and it feels like to me that in some room somewhere, there is not an acknowledgement that we are using fairy dust to really justify what this country can do when we leave. and what they're capable of doing when we leave. i'm not even talking about t

captioning institute] [captions copyright national cable satellite corp. 2012] >> in the interest of everyone who is here, we're going to start. mr. green for five minutes. >> thank you. mr. director, thank you for being here. i would like to visit with you quickly on several issues. i would like to start with the small banks and credit unions. as i indicated, i have been meeting with them and they have expressed some concerns and i would like to give you the opportunity to share some of the outreach efforts you have in place to allay some of their concerns. >> thank you. that is something i have indicated is the point of emphasis for the bureau. this goes back to my personal background. i served as the elected state treasurer of ohio and attorney general. i worked with smaller banks because we have a lending program we made available and the number of them participated in that. we created a community bankers council that advised me about all aspects of work we were doing at the treasury. when i became attorney general, i did that and had a bankers advisory council on the issues we touched on in the attorney general's office. we

mr. murdoch? >> i don't think so, no. why? why would i? >> according to the registered parliamentary interest, you met represents of news corps quote, to discuss local media ventures. did he meet with you? >> i don't think so. i have no memory of it. >> have you had any telephone discussions with him? >> never. >> has your son spoken to your about mr. hunt? >> no. he told me when mr. cameron removed mr. cable's responsibilities to mr. hunt. but i don't believe he commented on it. we were shocked by both what mr. cables said and the unethical means in which that was deleted from the story in the telegraph. clearly writing a paper for their own commercial interests. >> when your son told you about the replacement of mr. -- sorry, it's dr. cable, did you tell you to this effect? we got someone better now. >> i don't think he used those words. we couldn't have had anyone worse. >> i'm communicating to you the gist of an idea. surely you were concerned. look, we have dr. cable. he was dead against news international. >> we didn't know that. >> but you did on the 21st of december because it all came out. >> it came out on the bbc, yes. >> well b it

mr. chairman. >> the committee will recess know until we are able to return after votes. thank you very much. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> we will come to order. mr. bartlett. >> mr. secretary, in your oral testimony noted administration is publicly committed to sending communications equipment to syria humanitarian organizations. i am aware of american companies that can provide the necessary hardware to the syrian opposition groups and humanitarian efforts. what steps does the administration take ensure that potential future allocations are dedicated to the future of u.s. manufactured equipment? what steps are being taken to assure american made technologies are being reviewed and properly vetted? >> i will yield to general them see on this as well. my sense is that most of the in the general dempsey. most of the communications gear we are talking about is made in this country, and that is primarily the communications gear that we would be transferring to the opposition leaders. >> i have nothing further to add to that. that program is being supervised by the department of state. >> the state department, othe

mr. magoo. no love lost there. steve, do you think that news corp.'s chief and his global empire can recover from this scandal?ink the stock can. as far as rupert murdoch, here's my solution. there was a movie called the truman show about a decade ago where this guy lived essentially in a movie that was being filmed live. he should do that. that's his way to pay penance. he bugged people's phones. let him live on a web cam and see how he likes it. >> sue. >> how do you like that? >> well, i think probably the empire will survive, but i think it's damaged. and i think there's a credibility and a trust factor that some people may be able to overlook but others can't. because as you mentioned, the buck does stop with him. but the culture that was created at news corp ultimately is reflected of the corner office. and i think long-term that's going to be quite damaging. >> this magnifies the criticisms of news corp. i see it this way, i see as rupert murdoch has used politicians as props throughout his career. his newspaper has and he has. and now the politicians in europe n britain most especially are using rupert

mr. murdoch has abused his considerable power of the press. our report from nbc's stephanie gosk. >> rupert murdoch is in the hot seat again. defending news corp. >> i welcome the opportunity because i want to put certain myths to bed. >> but today's focus was not widespread phone hacking at the now defunct news of the world. instead, he faced accusations he abused the power of his media empire to influence the british government for decades. >> politicians, let's be clear, always seek the support of all newspapers. that's part of democracy. >> he denied he used the influence for commercial gain. >> i've never asked the prime minister for anything. >> but evidence revealed in his son james' hearing on tuesday triggered this admission from prime minister david cameron. >> we all did too much cozying up to rupert murdoch. >> one of the top ministers allegedly opened improper lines of communication with news corp. at the same time, he was considering the company's multibillion bid to purchase british broadcaster bskyb. news corp's feet are being held to the fire at the hearings. it's not the only obstacle the company faces. there are three ongoin

mr. hunt to hear your feedback on his speech when you meet and there is reference to speech. is clear you were receiving information that the u.k. government as a whole would be supporting news corp.. is that right? >> i think mr. hunt had publicly said around this time that he personally didn't see an issue but the relevant secretary of state would be handling it. i don't know if there's any special information or anything like that. it looks to me like there were other items on the agenda, things like next generation access and normal customary back and forth between public affairs executive and people on our regular basis. >> certainly the decision is with responsible secretaries of state. isn't the message here for mr. hunt's adviser to the extent of progress or inappropriate, u.k. government would be supportive throughout the process. >> i don't think it is inappropriate at all. this is one part of the government saying we don't see any issues. it will be fine which is consistent with what mr. cable told me

copyright national cable satellite corp.2012] >> a token of our gift of appreciation a gift for mrs. ann romney. >> thank you. >> first lady michelle obama spoke to iowa campaign volunteers tuesday about their efforts to re-elect president obama in november. the event took place at the community and event center in windsor heights just outside of des moines. this is about 15 minutes. >> i want you to know that the grassroots work that you all are doing to get people focused and fired up, that work is the core of our campaign, it truly is, because that's who we are. that's what we do. we reach out, right? we bring folks from all different backgrounds into this democratic process, right? and that's how we did it four years ago. and that's how we're going to get it done again today. [cheers and applause] [crowd chanting "four more years"] >> but, you know, the one thing i know is that all the work you're doing, it isn't easy. and i know you all are putting in long hours. that i know. we've been through this. i know you've got families to raise. you have jobs to do, classes to attend. bu