i wanted to ask jack a question about the three percent glitch in the tpa itself. isn't there somewhere in the bill, jack, where there is a reference to three percent as a starting point and you are not necessarily required to escalate through there? perhaps that legislation caused a lot of people to use three percent and create the issue "the wall street journal" story brought up. >> i haven't read pta in ten years so i might be rusty in the details. i don't know if mark is here yet but i would bet the vast majority of the people who came in at three percent were coming in because of what was written back in the '90s when they were getting the guidance at two-three percent default was going to be okay with irs and the treasury. whether or not you are basically going to be compelled to follow three percent for anything other than safe harbor i don't think that was the intent of pta certainly. >> so, we will move on to our next thing. please join me in thanking a wonderful panel. [applause] >> ida is going to introduce your keynote speaker. >> thanks, jeremy. i star

this is in the senate finance report.e tpa how about that for democratic control of the process? thank you. mr. froman: when i call for you, please wait for the microphone to arrive, and identify yourself and if you would, and let's focus on questions and avoid detailed commentary. i will take the prerogative and asked the first question. eir's issue, and using -- and realizing the us t would take out the car record with the u.s. business community support tpp in that case? >> i do not speak for the business community. my question is they would have a serious problem. one of the key agreements is they build on each other, you would get a lot of pushback to removing isds altogether. mr. pearson: even though the committee supported the australia requirement. >> there is good reason to have because i think there are times when an american companies need that kind of protection internationally. but i fully agree that we should not have any discriminatory activity in there. the tobacco exclusion was wrong. i have no grief for the tobacco industry. i have been a non-smoker my entire li

this is in the senate finance committee tpa report. how about that for democratic control of the process? thank you. [ applause ] >> okay. well, when i call on you, please wait for the microphone to arrive so that everyone can hear the question, and identify yourself if you would. and then let's focus on questions and avoid detailed c. i will take the moderator's prerogative and ask the first question. getting to gears issue, and realize that the u.s./australia fda does not include an asts provision. would the u.s. business community support tpp in that case? >> i don't speak for the u.s. business community. my guess is they'd have serious problems with it. it was a real push to get isds in. one of the key characters of the u.s. agreements is they all build on each other and serve as precedents. i think you would get a lot of push-back from removing isds all together. >> though the business community did support the australia agreement, i recall. >> i think there's good reason to have an isds in tpp because i think there are times when

the other agenda was not a tpa issue by and large. it was the main unfinished business still left over from erisa coverage. how to get the one third or so of american working families into the system when they didn'e have access to a plan and they didn't have an employer who was willing to sponsor a 401(k) or a pension or anything else. and that is of course still unfinished business for all of us. the administration has its broad coverage proposal. the president has put it in each of his budget to automatic enrollment at iras in the states have now started to take that proposal and enacted at the state level. oregon, connecticut, maryland, illinois and this summer potentially california. others potentially next year. david john at heritage and i am brookings had developed this automatic ira with the thought that we could get bipartisan and cross ideological support and indeed we did including notable republicans and democrats in the senate and in the house cosponsoring the legislation but when obamacare place and their relations cros

this was a result of a clot andc thanks to an injection called a tpa it saved his life. ischemic strokes are essentially time sensitive. the medication we give called tpa we have to give usually within four and a half hours. so to get someone in the field, fall down, call 911, get them tm the hospital in less than ann hour and treat them with this clot busting medication is truly a good thing.hin that wasn't stroke my father sloped. his was the same, a co-worker saw him slummed him over unable to move his mouth. time space and time is so important. today they presented the members of ambulance 20 withmb certificates of appreciation. mrs. johnson knows n her case it was a true effort. most are from above, but truly from here. you heard me mention the signs, there they are easy to remember, fast, look for changes in some h than would's face. their arm. can they raise both in the air and speech, if there is ais problem with communication, definitely sign there. and remember time is of the essence. fortunately for dad this happened back to a great trauma center back in burg.

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paul ryan was the one as chair with a means of pushing the tpa through congress.> if he hasn't heard what he needs to hear from trump yet, is he going to? >> as far as i heard, it was a good meeting but only 40 minutes. hopefully, that dialogue continues so that when you're trying to figure out and envision what 2017 america should look like, congress america should look like, the congress of america, that's not going to get done in 40 minutes. what i hope is that as we get closer to the convention, that the speaker and mr. trump are united in their cause of winning in november and ensuring their country goes in the right direction this january. >> ten seconds or less and i mean that. will you be disappointed if he doesn't? >> i think he will. it's a hypothetical i don't see playing out. >> we appreciate it. >>> breaking news right now. search detecting a signal. watch this!... >>yikes, that ice cream was messing with you, wasn't it? try lactaid, it's real ice cream, without that annoying lactose. lactaid. it's the milk that doesn't mess with you. shoshow me more

got ugly out there.ut the nats on a long road trip and tpa it may have gotten the best of t them.e team was unable to muster much offense not amuca lot of hitting going on. miguel gonzalez pitched six pit strong innings for the chicagoha white socks and melky cabrera ce doubled twice to put the white w sox over the nats three to one. just wasn't enough. enoh. long season. hopefully they can tintfully tht around. >> i'll be going to the nats game tonight. gonig >> how is the weather going to be when annie goals to the to nats game tonight. ton >> it is going to be perfect toe for a baseball game, annie.ie. hopefully they get the win for w you and for d.c., too, because,u again they could use it after ut the road trip there. temperatures around the regiones right now sitting comfortable. 65 degrees here in washington, w 64 dasulles.le frederick cooler, 54 degrees. westminster 57 as well as well baltimore.balt leonardtown good morning ton odm you, 64 at this hour.4 his satellite and radar shows wear s had clouds although they're starting to sink off to thesi south. northern virginia

congress passed tpa last summer and in the fall we finalized negotiations on the historic 12 nation transpacificdecember a bipartisan breakthrough led to the reauthorization of the export, import bank. as a result of the concerted effort of our team in treasury and treasury and many of you in this room, congresssss finally approved imf quota reforms. we could also add to this list other achievements including the iran nuclear deal reached last summer and the landmark climate agreement reached in december. these are meaningful accomplishments but as i noted recently in a foreign affairs essay, the case for continued u.s. economic leadership faces challenges. in order to confront those challenges and sustain our position in a rapidly changing world we must take a long-term view of our economic influence and its value to our citizen in the world. history has shown that u.s. economic leadership is vital to the well-being of american workers and families and has been an essential tool for projecting our values and achieving broader form policy objectives. those benefits are the central motivation beh

should be better monitoring of merchandise traveling to tpa. shipment by air reach two points of departure, miami international airport and dubai. u.s. should institute stricter controls over shipments from miami and perform more strength enand timely due diligence on companies shipping to paraguayan city. the same can be said over cargo arriving tba to dubai via vicar. should ask for greater scrutiny over merchandise and its recipients before the plane leaves. stricter controls could reduce shipments and raise the cost for the middleman in tba. these are some of my be suggestion. i thank you for the opportunity to testify. >> thank you for the witnesses' statements. the chair recognizes himself for five months. mr. federici, four months is a short period of time. so much has happened. i want to congratulate you on getting argentina's fiu back online. i want to thank you for the information sharing which is now occurring between your country, your intelligence unit, and our department of treasury. it's so important in argentina and the united s

. >> all that -- >> hillary clinton took a detour frheom tpa camign trail to celebrate the birth of her new grandchild, aidan clinton. >> a birdie -- dustin johnson will win the u.s. open! >>> and all that matter -- >> listen! >> they've been waiting for this moment for more than five decades, and there's no doubt that the fans here were alln i for the cavs. >> go cavs! >>> on "cbs this morning" -- >> you just witnessed one of the greatest games in nba history. >> set out a goal to bring a championship to the city. i put my heart, my blood, my sweat, my tears into this game. and -- cleveland! this is for you! ♪ >>> welcome to "cbs this morning." charlie rose is on assignment. josh elliott of our streaming network, cbsn, is with us. good to have you here. >> good to be here. running on adrenaline. >> everybody up late last night. we'll begin with that. cleveland's historic comeback victory in the nba finals. [ cheers ] >> fans swarmed downtown cleveland overnight after the cavaliers defeated golden state 93-89 to win the nba title. >> lebron james and the cavs bring home the city's first

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since then, we made significant progress, congress passed tpa last summer and in the fall we finalized negotiations on the 12-nation historic transpacific partnership. as a result of the concerted efforts of our team at treasury and many of you in the room, congress finally approved imf quota reform. we could also add including iran nuclear deal reached last summer and landmark agreement reached in december. these are meaningful accomplishments but as i noted recently in a foreign affairs essay the case for continued u.s. economic leadership faces a wide range of challenges. in order to confront those challenges and sustain our position that are rapidly changing world we must take influence and valued our citizens and the world. history has shown that u.s. economic leadership is vital to the well-being of american workers and families an essential tool for projecting values and achieving broader foreign policy objectives. those benefits are the central motivation behind the transpacific partnership which will level global playing field for firms while getting other countries to meet a