as a philanthropist, the way i got into this was actually at an aei conference. it shouldn't surprise people that folks like aei are committed to humanity and social justice and good just like people on the other end of the spectrum. i was there and -- at this aei conference. i wandered into a room on criminal justice. something i didn't really know anything about. there was corkor booker sitting behind mike lee and john cornyn. had democrats and republicans. i struck first, wow, this is great, this is a bipartisan issue. the other thing that jumped out at me was some of the data introduced there. this is -- as somebody who's personally very engaged in education reform, this is a sister issue to that. i mean, if we want to close down this, as valerie pointed out, the highway from education to prison highway, we've got to start with our education system. and we need to apply the same sorts of evidence, data and logic to education and to get kids, particularly black and hispanic kids from poor communities that aren't graduating from college. i'll just close saying

president of aei 14 years i commuted here from pittsburgh. i don't think there is another institution of its kind would have supported me for 14 years and hired extraordinarily good research assistants to do the legwork of going through the enormous amount of material that there is in the fed records. so i owe a great debt to my friend chris demuth and to aei for making that book possible. i'm very pleased to discuss peter's book on fed power around independence. let me start with some parts of the book that like most. the fed is political as well as an economic institution. it can't be in washington without being a political institution. the book appropriately is work of political economy. it gives much attention especially to the role of the president. the answer to the question that peter just gave which said it is impossible to find ways in which the chairman of the fed is independent as the law might like to make him i think he is wrong about that i think ronald reagan, jerry ford, several presidents took the position that interfering wi

what an honor it is for me and my colleagues from aei to be here and participate in this event.hank you to the white house for hosting and the brennan center for being involve the with this as well. aei is a think tank in washington and my colleague are dedicated to human dignity and human potential. and there are relatively few subjects that scream out more than what is on hand here today. there are going to be a lot of facts you're hearing from the panel. i'll ask you to consider three. the first is that only a third of america's incarcerated have any access to vocational or educational programs while in prison. thus leaving them entirely ub prepared for life after prison. the fact is that about half of the incarcerated are functionally ill litter sat. the third follows from the first two facts is that 60% to 70% of all parolies end up back in prison within the first three years after being released. now as jason furman and doug holtz-eakin spointed out and will talk about here today, our society pays an enormous material price for this. it creates an enormous amount of econom

because you just write it into the guidelines aey don't hit the levels they don't get the contract renewedit cost less than the current tsa bloat? yes of course it is a private company they want to keep costs low. same level of service. better customer service. less cost. this is a no brainer. >> i fly two to five flights every week. i know tsa pretty well. the inconsistencies blow my mind. you are spending about 5.7 billion colors out of government money. i say you not only privatize but take the 9 hundred million passengers flying per anem and you have a user fee that pays for tsa. privatizing that cures it. >> not only long lines but 95% of tests that were failed in some testing they did. >> they are a disaster. normally i'm not a huge fan of privatization but something's got to give and as the private sector could do a better job. i don't see how they could do a worse job. i fly often. and listen. they cannot be worse. they failed their tests. they are understaffed. it sounds like overbudgeted if they are giving out bonuses for something they don't deserve. give it a shot. if it doesn'

hat is especially lame because aei is a place where can talk about serious things despite the priors, and despite the huge results of the republican primary, i might be the only one voting democrat in this. i had a lot of hilarious donald my -- good, but taste will counsel toward morse about it. i have a lot more to say substantively about what a trump presidency would look like for the fed and fed independence. it is also a special honor because i'm sharing the day with alex pollock and kevin hassett, but also allan meltzer. for a young historian, there is no greater honor than to have my work engaged by professor called theo kevin given of fed historians. hopefully my buttering up the panel will dull the critiques in the discussion after my talk. this is probably a loss hope. -- false hope. metzler, heows alan is not one to pull punches, and we have a few disagreements. kevin asked has the fed gone too far. i am going to make a somewhat different point, and raise some related preliminary questions. what is the fed today, and what is the best mechanism for mechanisms for ensuring tha

;aéy >> it's time topj:÷ give away another ipad mini and guess what? today is bonus day.jsomebody's goinge with a flat screen tv. >> two winners today. you need wednesday's buzzword, be at least 18 years old and a legal u.s. resident. >> the "rtm" buzzword is coming up in a bit. >> stand by for the "rtm" ipad mini giveaway. >>> dash cam from new york, new york. >> up ahead a firea%,z truck wi the lights clearly flashing. this guy stops,-í around the fire truck, that's when he's met with a firefighter who is like, hey! what are you doing? >> because you're not supposed to do that. you're not supé/- them, not supposed to follow them too closely >> right because all of these guys are off-loading, a blind corner, they could hit one mzth. >> but this guy is also from new york. just get home, dude. >> terrible. >> yo, come on! >> he starts giving the firefighter ]-#mlip. look at the firefighter. oh, you getting out of the car? >> you getting out of your car? >> no, no, no, no listen, i just wanted to -- >> but that's when where this video takes a wide left turn, beca$;.! driver

i am a senior fellow here at aei.ike to welcome our c-span audience, tokyo audience, and voa audience to this section of election watch. i will be joined by my colleagues from aei. bipartisan from the partisan -- the bipartisan policy center. itserday, indiana held first competitive and consequential primary in 40 years. little did we know how consequential it was. this morning, we will discuss the results and what we will watch going forward. there are 180 days until the general election. i should add, 13 days until portions of the megyn kelly-trump interviews will air. [laughter] i would like to talk about what we have learned from the voters thus far. polls about the election have some productive value -- predictive value, but they are much more of value as we get closer to the campaign. donald trump cited april in which he led clinton by three points. what he did not say is that on the 60 most recent polls, jihad led her in only -- he had led her in only 3. let me first talk quickly about what we learned about rep

aey are later uploaded to smart phone or a tablet, or even to the cloud, see you can access it from anywhere. so your phone doesn't have to be connected all the time. it might not be in the car, it phone.e the parent plus the device works in the car for coaching. let's look at what you did. au got a b. you had propensity for one-handed driving. come on, johnny. what are you doing? we don't want it to all the negative. there is a reward system built-ins of the parents can say, if you improve your score next week, i will pay for gas, or you can win an mp3. the other thing we will work on it.kly is game-ifying we thought teenagers would like to compete against each other. but they don't. they want to compete against mom and dad. like, don't do as i do, do as i say. , when we talkthem to mom and the teenager or dad and the teenager together, the gets happy teen about that. i spearhead car electronics, working with car manufacturers on the market. the resellers. i am helping them with strategic alliances and sales of the product. peter: what is the importance of showing this to congress? --: with

that is especially lame because aei is a place where can talk about serious things despite the priors, and despite the huge -- is it pronounced yuge -- results of the republican primary, i might be the only one voting democrat in this. i had a lot of hilarious trump jokes but my a.e.i. regulator judge is here and said good taste will counsel toward sew bright. i have a lot more to say substantively about what a trump presidency would look like for the fed and fed independence. today is a special honor because i'm sharing the day with my friend alex pollock and the host, kevin hassett, but also allan meltzer. for a young historian, there is no greater honor than to have my work engaged by professor metzler, who kevin noted, alled metzler the given of fed historians. hopefully my buttering up the panel will dull the critiques in the discussion after my talk. this is probably a false hope. anyone knows allan meltzler, he is not one to pull punches, and we have a few disagreements. kevin asked has the fed gone too far? i am going to make a somewhat different point, and raise some related

i will be joined by a extraordinary handle of election analysts, my colleagues from aei, michael barone and norman ornstein, our friends john fortier from the bipartisan henry elsonr, and from the ethics and public policy center. firstday indiana held its competitive and consequential primary in 40 years. little did we know how consequential it was. this morning we will be discussing the result and what we will be watching going forward. there are 188 days until the general election, and i should add, 13 days until portions of megyn kelly trump interviews will air. but i would like to step back and talk about what we've learned about the voters so far. polls of the general election have some predictive value at this point but there much more viable as we get closer to the campaign. cited aht mr. trump recent rasmussen poll where he led hillary clinton by three points. what he didn't say is that in the 60 most recent polls on realclearpolitics, he let her in only three. henry olsen will be talking about the soul of the gop and the democratic party's in 30 minutes. let me talk quickly abo

i will be joined by an extraordinary panel, my colleagues from aei, our friends from the bipartisan policyenter, and the ethics and public policy center. indiana held its first consequential presidential primary in 40 years. little did we know how consequential it was. this morning, we will be discussing the results and what we will be watching going forward. but i would like to step back and talk a little bit about what we learned from the voters thus far. polls about the general election have some predictive value at this point, but they are much more valuable, obviously, as we get closer to the campaign. last night, donald trump cited a poll in which he led hillary clinton by three points. what he did not say is that in 60 of the most recent polls on clear politics, he led in only three. we will be talking about the state of the gop in a few minutes, but let me turn quickly to what we have learned about caucus and primary voters. in every state except iowa, voters in gop contest have been more conservative than they were in 2008. in every state, voters in democratic contests, have been

we'll have full run of results in june issue of aei political report that comes out in late may. i should offer special thanks to heather sims and eleanor o'neill. eleanor is the delegate tracker throughout the campaign and kept us on top of convention rules and heather and eleanor are essential helping me put out aei's political report. a few final notes the exit poll in indiana had fascinating reports that point to problems for trump and clinton in the future. 26% of the voters who didn't vote for trump said they wouldn't support him. 59% of the gop voters wanted candidate outside establishment a key to trump's appeal yet 24% of the indiana gop voters said they would be scared if he won and 18% concerned. he won women by six points there but men by 26. the gender gap and marriage gap will be problems for him in the fall particularly among white women. hillary still has a big problem with men. bernie sanders did extremely well in indiana last night among young people. the indiana poll again pointed to hillary's weaknesses on honesty and integrity and on compassion, on caring abo

as the election season rolls on an australasian, a climb down on , aey revenue raising measure backpacker being deferred. tax is not even attacks, is it? paul: it is not really. the name is misleading. it is the removal of a threshold backpackers being able to work in australia. that threshold is gone. $32 -- $.32paid from the first dollar. they are caring out a review. what forced the government into this climb down? it is an election year after all. pressure came from farmers, saying it is hard enough to attract margaret workers to do jobs like fruit picking that regular australians are not interested in doing. the youth hostel association pointed out that backpackers contribute $3.5 billion to the australian economy. working visa applications of decline for the first time in a decade. rishaad: thank you for that. look at theing a latest data out of china, the snapshot of what is going on when it comes to the housing market, a rule property prices. it is the open in hong kong and shanghai. ♪ rishaad: a look at our top stories, asian pacific stocks thanng despite better expected gdp data

aey mentioned they have management suite. have downloaded software to mobile devices. way they will target the nonmobile markets may be different than the way they want to go in. think they are taken -- taking the right approach and will probably be a more profitable pathway over time. emily: microsoft did not have a lot of market share to begin with, but who gains momentum and who loses? guest: i wouldn't say there's much left to grab. shifts say there are big and the vendors outside of apple and samsung, even in this most recent quarter, we saw two new chinese companies under the top five. have dominantly done all their business mostly in china and now are starting to get into the 15%, 20% business internationally. if you look back three or four years, we have seen this come and go over time. those are the companies that we see today. localize players. it won't be chinese. emily: does this mean no phones or tablets for microsoft? guest: i think it is a refocus back on software. are in business to grow and create margin, not in businesses that really have no margin. t

jokes can be lame and still get a laugh but that's especially lame because the truth of course is aei is a serious place where people talk about serious things. i had many other hilarious trump jokes and he advised me that good taste would count toward more sobriety so that's what you get. i will have more to say about what a trump presidency will look like for the fed and the fed independence. today is also a special honor because i'm sharing with my friend alex polluck and of course our host but also with allen. >> as kevin noted he rightly called in his review of my book so my thanks to you kevin again and alex and allen for being here and hopefully my buttering up the panel will dull the critiques that are coming and the discussion after my talk. this is probably a false hope. allen is not one to pull punches and we do have a few important and good faith disagreements about fed independence. so in the title of today's presentation, has the fed gone too far? i'll make a different point and raise some related preliminary questions. what is the fed today? and what is the best mechani

aey have to talk about positive narrative and build that narrative. with yellen, cheese on the dovish side. i think she wants to see more data across the global spectrum. the global risks, although they downgraded last time, they are still in her mind. that would be the benign narrative. the less benign narrative is the fomc is divided and there's a much greater desire to raise rates, whereas we think galen is dovish. -- we think yellen is dovish. justine: so we should trust the markets. even the chance of one rate increase is 50% this year. a little bit less than 50%. and a 10% june live meeting. if they were to raise, what we had a huge turmoil or temper tantrum? stewart: a few days of position adjustment. i think the market is comfortable with weaker inflation. to suddenly try and exceed the market pricing, you would see an adjustment about where the fed is going. they're going to -- francine: it is only a couple of days, right, before we have the referendum. bullard saysough he's not concerned about brexit, i'm pretty sure it is going to be on the

aey are brave groups with wood out of held out after their position is homeless. professional soldiers fighting against the people in power. trying to impose the will of the military on the will of the people. the people hate them. tenacity and the constant native italy and germany. brian: who were the moors? ,dam: spain had a colony spanish morocco. the northern slice along the mediterranean. a series of colonial revolt there. they recruited indigenous mercenaries from among the population. they most effective fighting thee under the command of french generals. they been fighting these wars for some years. aircraft sent by hitler they were transported from africa to spain at the beginning of the nationalist coup attempt and served really on the brunt of the attack that took place the moors were muslims. unfortunately organized encouraged mass rape has been a part of many wars and many times. itetimes we hear about sometimes what is happened on a wide scale. nobody was recording them. when it happened on a wide scale was during the spanish civil war. frank urging

high point high school in beltsville, maryland remains aei crime scene after a mother picking up herren isis killed and another man shot inth high temperature school'sscho parking lot. the man hunt continues at thisat huss band of adelphi p. teisha? >>reporter: rail service haltet across several stations afterstt and explosion crocked federal center in southwest. here's the video, the tonight crews are working overnight to make sure the m problems areak fixed and the commute is back to normal by tomorrow. sarah? >>reporter: montgomery county police are looking for a man who tried to sexually assault a 16 year old girl in the briggsrigg chain can i area of silver springs. let's take a look at the sketch. this is what he looks like. he followed the girl in the 14,000 block of castle boulevarb he tried to grab her, he pulled her pants down. he was last seen getting away in a blue four door vehicle. have you seen this video? it's making it's he's way across social media right now. a school at what look highk h school cursed and put his hands on that substitute teacher.eac something like

and opinions on both sides of the issue, from restaurant owners and managers to earlied aer y ed ied aey edi advocates. >> we feel we have to put it on customers and stop offering free refills. the customer's going to have be responsible for some cost. >> reporter: you are helping two generations here. the children who are going to get an important start in their education, but also their families who need to get back in the workforce, need to invest in their own education. >> the hearing asking for public comment started inside city hall here at the top of the hour. we do have a crew inside, monitoring it. this hearing will give council members an opportunity to hear directly from their constituents before they have to vote on the budget in the coming weeks. rosemary connors, nbc 10 news. >>> right now at 5:00, a look at newly enhance the images three men wanting attacking a pair of school officers. police gave us these today. images come from video they released yesterday. you might have seen it, tape shows three men attacking two officers during a fight outside northeast high school.

aey are developing the tx5, battery-powered version of the classic 19 58.tor bloomberg business flash. anna: thanks. new york fed president says the fed is moving closer to raising interest rates at one of its next few meetings. his remarks echoed sentiments published this week. definitely a live meeting come but what we do ,epends on how the congress looking at the market expectations, it looks like a june is roughly one in three. to july looks like about 60% if you look at the futures market. federal reserve bank or jeffrey also gave positive signals about a juen rat --june rate hike. >> those comfortable with the june production -- projection for rate increases, i don't think the data suggests the u.s. economy, suggests much of a change in views about the appropriateness of that. of like to get as close to that as we can by the end of the year. holger, markets are struggling to get a grip with the way the fed sees the world this month. has been almost consistent for quite a while, they would like to hike rates, and by more than -- if nothing happens, if

campaign and kept us on top of convention rules and heather and eleanor are essential helping me put out aei's political report. a few final notes. the exit poll in indiana had fascinating results last night that point to problems for trump and clinton in the future. 26% of the voters who didn't vote for trump said they wouldn't support him. 59% of indiana gop voters said they wanted a candidate outside the establishment, a key to trump's appeal, yet 24% of the indiana gop voters said they would be scared if he won and 18%, concerned. he won women by six points, but men by 26. the gender gap and marriage gap will be problems for him in the fall particularly among white women. hillary still has a big problem with men. bernie sanders did extremely well in indiana last night among young people. the indiana poll again pnted to -- pointed to hillary's weaknesses on honesty and integrity and on compassion, on caring about people like you and me. 3/4 of democrats said they expected her to win. that is just a quick summary of some of the interesting highlights from the exit poll. now i am going to tur

not just a democratic president, but a pr democratic senate, and i will say it here this morning, if aeyand >>ght, you could see a democratic house. >> how will donald trump's response land, essentially oubling down on his position at present. >> you can't do that. in is now -- you're into the general election faze for the tr republicans. who would think that trump would secure the nomination before clinton did. indiact that bernie sanders beat hillary clinton in indiana unifiyou that she has not talied democrats and you and i on this show are talking about the channels within the gop. we're seeing the fracturing of politics on the left and right in theere is no way to provide a prognostication of what happens in the fall. frankly any outcome is now possible. >> we continue to wait and see. >> the meeting next week between ige two of them should be very interesting. y> don stewart drew big laughs from members of the military keepnight. >> trump will keep you busy when he is commander and chief. you will have to repaint all of the planes with trump in big old letters. showe former "daily

let's hear now from clinton adviser jean sperling and also with us is formerly with kato and aei. to both of you to "power lunch" mr. sperling, let me ask you since we're a business network, what mrs. clinton's tax plans specifically would do to the corporate tax rate? i realize that lots of corporations mae complain about the rates don't pay the full rate but some do and it bears on american businesses competitiveness, where they locate, where they locate jobs. that's question one. and question two, what would she do about profits held overseas to avoid u.s. tax? >> well secretary clinton put out a lot detailed proposals in the area of corporate taxes where she put the greatest focus is on reorienting and reforming the tax code so that there is a greater incentive to create jobs in the united states and there is more of a disincentive to move jobs and profits to simply -- for tax avoidance purposes. she put out a detailed proposal on an exit tax. she called for the treasury department to crack down on inversions and earnings tripping. and on the other hand, she also put forward a

it usuallyt be a restaurant that would surprise you but a place already recognized likely as being aeiuys end up u affirmi philadelphia international airporting? good i think two or three star won surprise anybody but i think people may be surprised some of these restaurants that will be wthinew one star.sta that's why this guide is reallyr really interested.ested >> reporter: very pool.l pete celek president andside and chairman of the michelin northnt american.ic. dc guide comes out in octoberctb and they're in a restaurant nean you sampling that great food.ref >> i have a question for pete. . the other cities that havet hav already, n are already rated ned york chicago san francisco abous what percentage of all the allhe restaurants in those citiesse would get even one star. >> reporter: steve schenn 15ve h is asking of the restaurants in chicago, new york, san francis francisco, that, how any off them -- did you say steve how many would even get one star. s >> about 1% taj would even getn one star of the number off restaurants would even get one e star of the restaurants in any y p

former girlfriend claims he hit herakpr hard enough to rupture her her eardrum and dragged her into aeiing theplaint conditions of the bopped demandm he turn himself in yesterday.esd >>> also receipt now on-going desperate search for this littll boy three-year-old zion williamw the subject of an amber alertera that went out overnight from spotsylvania county virginia.iri melanie has been following thiso story all morning long.y rn she joins us again.in one of the things that perks ups your ears when you hear phrase h like extreme danger it seems i s more and more terrifying.er mel. >> reporter: that's right. and so that's what really has brought so many attention onon this case.th i can tell you the spotsylvaniai county sheriff' office says itt has received requests for helpuo from the fbi. but at this point this is not aa nationwide amber alert. amb a it continues to be a statewide amber alert with the sheriff's i office here and virginia state e police. but they do believe right now that zion and his father are somewhere here in the local area still. still. twos that extreme danger, y

in aey are investing company that is pre-market value.ownership stake in this. david: there are big names who have invested already. >> the shares trading at only 10 times earnings now. are the stories that matter the markets now. thank you for being here. jon: the market open here. one stock to watch his jcpenney. it is a divergence, a distinction we have to make. we will discuss the next on bloomberg . ♪ to the cache down open here. 14 minutes away. where markets are, a softer session globally. dow futures off by 35. losses on the ftse. a weaker euro. down by a half of 1%. 109ar yen back with a handle. a nice print. the strongest since march 2015. percent -- 1.74% is your yield. market, of the bond geoff: there is a 50% chance the fed will raise rates this year. it will climb 6% over the next decade. we will get to the credit in a moment. had to move through 6%, given the levels, we have been discussing the risk all morning. how much risk has been taken? >> if you look at the duration risk. the demographics you see, technology that

n i mean, i love tamar and part of the reason i love hershey's aeys diva.di i don't know the details.t think it's sad because ii love that show so much even lovv all those girls.l we'll see what happens. happe >> better news you guys the movie -- maybe. maybe they'll hold auditions. as maybe move out to la and hangndn with us.ths. >> hey. >> you stay put.ou stat >> the movie star wars get ready to feel old premiered 39 years a ago today.ood >> well we weren't h so tell us what was it like, roz? roz? >> i can stan that number.an stt >> how dare you. (laughter).(laughter). >> you just told to us stay putd i had to dish it back a little bit.bi (laughter).ghter) >> you can dish at me. you dis honey, i love it.t. for the record i never seen staa wars because i spent my timeyim doing better things likee watching steal magnolias overlir and over and over again. overgan but we'll be playing a star warw trivia game here on the show sow may the force be with me.ith m which i think is saying from san star wars. >> yes, ma'am. >> we have a special furry theme surprised for you you'll have te watc

>> well, we've got a new state s of the art hunted house it's aei block off the boardwalk in the e downtownningpe tonight as a matter of fact.f fc we're really excited about thatt new attraction coming on board.a we've got a new play structure u on the beach called wal walllyy the whale when you see understand the name for thee f structure and we've got -- we- e have two new high capacity buses that are going to be moving ouro visitors up and downtown. they can get as many as 100 100 people on board so we'll try too minimize those waits for the transportation system down here. we've also, you know, like youiy said, we have lot of returning attractions and popular items that are coming on board.oa free events this weekend willndl kick off. we have free events all summerum long. we have a special patriot tick t beach light show on the beacheah downtown off the boardwalk brdwa tomorrow night, saturday night,g free shows starting at 9:30 anda then we'll have more beach lighg shows on sunday name all that it free. fr >> before we let you go, some oe us have been going to ocean city literally sin

annually reviews to ensure there is no cross subsidization, that are competitive products cover contribute aey minimum of 5.5% to institutional cost. the prc has found annually since the inception of paea, that that is in fact happening. >> you have stated the postal service has made consolidations to respond to the decline in the mail. but you also stated your investing in package delivery. you said that a few minutes earlier. and as a result of those investments, package delivery was not slowed by the consolidations. but title 39 section 101, subsection e, states in determining all policies for press the services, the postal service shall give the highest consideration for the most expeditious transportation and delivery of important letter mail. do you think the postal service is following the spirit and letter of the law? ms. brennan: i do. >> if that is the case, the annual compliance report suggests the post office is routinely prioritizing competitive products over market dominant products. do you disagree with that? ms. brennan: i would have to see that in terms of what you are referri

revered when it comes to silicon valley and brings in a different age and focus, remind you of the aei in georgia with tech leaders and republicans leaders worried about donald trump, people like elon musk, tim cook, mr. teal was not there. this is a man who understands that the economy matters and american people understand that and knows this is the direction. he makes good decisions liz: he's on the board of facebook still. stuart:'s he on the board. >> mark zuckerberg's comments about donald trump, he's still on the board. stuart: we have news all week that facebook has been steering its users away from conservative website, aang lon he comes on board and supports trump, that's a contradiction. and we've had polls, the results of the polls were as follows: florida and pennsylvania, trump and clinton virtually tied. trump has come a long way in the two states. lock at ohio, the key swing state, trump 4 points ahead of trump. and look at this, hillary is using these polls as a fund raising technique. >> the problem, she says here i'm losing, come over to my side. that's how desperate

or,his bully pulpit -- someday, her bully pulpit -- , aey draw attention to process.he power to negotiate with congress is a tremendous power. remember, they also have a large arm of supporters and advises that they send out to meet with individual members of congress. remember, negotiating and bargaining. the president is often called the chief legislator. remember, the formal power of the president to tell the country how we are doing. often times, this is the presidents agenda. to forget, they create the budget. the budget creates priorities for the president and congress. guest: the budget does give the president tremendous power. parts of the white house staff, or the executive office of the president, specifically, the office of the management and budget helps the president prepare the budget, and he prepares it to congress. they draft the budget, and it is up to the president to approve it or veto the entire thing. host: that is all the time we have for this morning's cram session. students, keep on studying. thank you so much for being here with us. beer on to

arthur brooks at aei does.ed program that could really help solve this problem. i think $15 minimum wage push is really more political than economic. we really should be looking what is going to help these low-skilled workers rather than what will get us points in the next election. stuart: what gets to me, andy, disappearance of all the entry level jobs which youngsters could have taken which will now not be made available. i'm sorry i'm out of time. andy putter is, thanks for being with us. >>> state department says hillary clinton mishandled emails while she was secretary of state. judge napolitano coming up. >>> lefties protesting, turned violent at trump rally in new mexico. democrats imploding. that is my word. we're on it. i don't want to live with the uncertainties of hep c. or wonder whether i should seek treatment. i am ready. because today there's harvoni. a revolutionary treatment for the most common type of chronic hepatitis c. harvoni is proven to cure up to 99% of patients who've had no prior tre

our friend's aei arthur brooks and that is squawk planner. hear from him. he's 7 years old or something. >> is that him? >> no, he's 38 years old. >> i keep forgetting that. billions and billions -- >> there years -- >> is he already 32? >> 32. just had a birthday. >> bill gates keeps getting older, too. >> all of us. >> yeah. >> he's worth $4 million for every day he's alive. something like that. >> anyway, more tsa agents are being dispatched to chicago's o'hare airport in an anti-to try to speed up the extra long security lines that left 450 american airlines travelers stranded over the weekend. pictures emerging of people sleeping on cots. phil lebeau is live at o'hare airport with more. phil, at least on monday, people are being told to show up three hours before their flight. is that still the situation today? >> reporter: they're still being told to show up that early, becky. i want to give you perspective on how long the lines are here. over here is one the security points where people are going through. priority security. loo looks a