host: drew armstrong, help jack understand this. guest: he is right, on a per- capita basis, we spend more money than just about any other nation, and we get less. from a financial standpoint dancand care standpoint, our heh care programs are disappointed. -- disjointed. part of that reason is because we do not have a centralized health care system. it is a fragmented collection of many elements. to even call it a health care system it is something of a leap. we are not pouring all this money back into the people who already have care. a huge amount of this is going to care for about 35 million who do not have care, so we will be bringing people into this "system." the idea is to get the per capita spending down. however, there are long-term affects that we do not know yet, but many of us hoped that it will have a hand in making the system cheaper, more efficient. one example would be penalties on hospitals that would readmit patients who they are not supposed to. make sure we are not doing unnecessary procedures. paying for procedu

host: drew armstrong, help jack understand this. guest: he is right, on a per- capita basis, we spend more money than just about any other nation, and we get less. from a financial standpoint dancand care standpoint, our heh care programs are disappointed. -- disjointed. part of that reason is because we do not have a centralized health care system. ed we are going to be bringing people into this quote-unquote system. the idea is to eventually get that per capita spending down substantially. there's a number of reforms in here that the long-term effect which we don't know just yet but i think are going to have or i think a lot of us hope will have some effect in driving that down, making this more of a system, making it more efficient. there's a lot of things in terms of care coordination. one example is, you know, the hospitals, there's going to be a penalty on hospitals that would readmit patients for things they shouldn't be admitted for, things like that. making sure we aren't doing procedures that don't need to be done. paying

today i have problems still sometimes i was a pious a life of louis armstrong lived in the house in queens. i thought he has a castle like a big hero. for me it is still somehow very difficult to find out not everybody likes abstract paintings. not everybody likes allen ginsburg. for many years i was because this effort under the impression that this is very artistically very progressive, wonderful country, and this was the amazing impression which we all got, and i think it much more for the free western way of life. this was wonderful promotion of the values and i think it influenced so many people. and maybe the way i put it in the book because i am of the generation that i look at the music or the symbol of films and arts and that whole change on the social and cultural scene. it wasn't just that. as you say correctly it was also books, poems and we were so curious because we were denied -- we were not -- it's also interesting one thing under the communist every thursday some sort of book would come out been published and there were lines of people the book would sell incredible number

. >> on his new biography of louis armstrong 8 8:00 p.m. eastern and pacific on c-span. tonight, the history of executive power. john yoo talks about his quote and with a former assistant attorney general on afterwards -- on "after words." >host: our guest is senator byron dorgan. david drucker is one of our two questioners. and the financial correspondent for politico. we are taking this on friday afternoon after an extraordinary meeting between the president and house gop members. it was televised live, and scrap this session for the president. much of it was about partisanship or our partisanship. in this town at this time, is partisanship possible to? -- our partisanship possible? -- bipartisanship possible? guest: are sure wrote this is able to be changed, because it is intensely partisan. when george w. bush was elected, i invited him to, meet with the democrats. he came, and we have a good exchange. it was polite and respectful. i am pleased president obama decided to go and was invited at the republican caucus. i did not give the chance to see all of it, but it i

delegate armstrong, i'm glad to support your bill to rename it the commonwealth economic development, since we are all in this together to attract business. [ applause ] there is a competition underway among the states and the nations. from raleigh to singapore; tallahassee to shanghai, governments are pursuing bold initiatives to attract new job-creating businesses to their borders. we must compete more vigorously to be successful. growing the tax base through business development is the key to virginia's economic recovery. let's start now by doubling the amount of the fund for fiscal year 2011. we have fallen behind many neighboring states in the tax and regulatory incentives we offer, which cannot last. provide us the tools, we will get results. i have assembled a very talented team to focus on economic development, with lieutenant governor bill bolling as a cabinet level chief job creation officer, and extraordinarily successful businessmen and entrepreneurs jim cheng as secretary of commerce and trade, and bob sledd as senior economic advisor. new funding is much needed to incen

. >> there's a lady i work with, kim armstrong who lost her son to violence in the city. she says a lot about what is the trigger, is it bad -- >> but what is the catalyst to get other people as passionate and as involved. and that is frustrating. it does make you frustrating because i have seen this for 30 years. we have made some good progress over the last two and a half. but for a city of this potential, and a city of this, the enormous goodness of our city, to still have this under current of shootings and homicides, it is frustrating. >> it is entering. we put up a map and there's only about a minute left here. we put up a map in the newsrooms and had push pens for inmurder, you can see they they're clustered i am not trying to go -- here but there is something to that. >> yeah. we are getting more people involved there's good new, two and a half years we have posted and sustained the lowest homicide levels in more than 20 years. i would hope again that people take that as a success and start coming back to the stands. right. no one is going to orioles game, you put

a biography of jazz critic louis armstrong. -- jazz legend louis armstrong.nd." part of our book tv weekend on c-span to. >> president obama went to baltimore today to talk to congressional republicans meeting their for their annual adjusted of retreat. he was invited to this event several weeks ago. the president to questions from the members of congress. it is about one hour and 45 minutes. c-span will comes the decision to open this event to cameras. >> ladies and gentlemen, the president of the united states. [applause] >> let usç pray, lord god of q) of all, as weçç ask your spiritoo bust this gathering, and all the great benefits to lay upon america's table, we cannot help to prayç for our brothers and sisters in haitiçi]çóyçqçxçw3 and iraq. t(i]çyou areç everç attentivy humanç needñr and the greatest hunters of the humanç heart. you alone are the lordççç go. for those who hungerymç for economic and homeland security, lord grandw3bç freedomçóçi]d okç. for thoseç families who hunger for worked and the bright promise for their childre

i am glad to support your bill, delicate armstrong. we are all in this together to attract new business to virginia. [applause] >> because there is great competition under way among the states and among the nation's from rollick to singapore, from tallahassee to shanghai, governments are pursuing bold initiatives to attract job opportunities within their borders. we must compete more vigorously to be more successful. crowing the tax base to business development is the key to virginia's economic recovery. let us start now by doubling the amount of that fund for the fiscal year of 2011. we have fallen behind many of our neighboring states. tax and regulatory incentives that we offer, this cannot last. provide us the tools and we will get the results for you. i have assembled a very talented team whose sole focus will be on economic development with lieutenant governor and chief in job creation officer and extremely accomplished entrepreneurs and businessmen. new funding is needed to incentivize now rural economic development. i think it

joe lewis owned a nightclub, the fighter henry armstrong owned a nightclub, and later sugar ray robinsonwned a nightclub. so they all felt very comfortable in harlem. it was the black mecca, it was where you could go and meet langston hughes, wallace thurman, you know, all of the poets and the writers of the harlem renaissance. if they weren't still around, their friends were still around. and so it was a mecca, and i think it informed sugar ray robinson greatly. >> host: it gave him a certain confidence. >> guest: yes. >> host: not to the mention a certain style which can he carried into the ring and popularized -- >> guest: right. >> host: in a way people hadn't seen before. >> guest: right. >> host: do you think style is a form of resistance in the right setting? >> guest: well, great point. yes can, i do. i think the style that sugar ray robinson loved flowed out of arnold gingrich's's choir magazine. -- "esquire magazine". and there was a jazz book that was printed in 1944. it was huge amongst harlemites. it was kind of the first time that we, that american readers really saw black

. >> his new biography of louis armstrong at 8:00 p.m.t did it on c- span. >> find the entire weekend schedule at booktv.org . the latest updates on twitter indeed nation's capital, listen to c-span radio in washington at 90.1fm. it is also a free application for your iphone. c-span radio, covering washington like no other. >> now decision on whether the u.s. economy need additional stimulus from the federal government. we would hear from to economists and former congressional budget office director rudolph banner. this is just under an hour. we have to experience people in the debate. market azande is the chief -- he directs the research and consulting services business. it is a division of the analytics. he was an economic adviser to john mccain's presidential campaign. lest you think of him as a partisan voice, his views are sought by the obama administration and members of the house and senate from both parties. the last time i was with mark was at a session of the democratic caucus where he was holding forth on the stated the economy

in other spos, seven-time tour de fran winner lance armstrong repeatedly has denied dopg. but several other leading cyclists he been banned from the sport. and rmer u.s. track star marion joneserved six months in prison 2008 for lying to investigators abt her steroid use. >> brown: david epstn has been covering many of these steros storiefor sports illustrated. 's a staff writer there and helpedreak the alex rodriguez story lastear. david epstein, welcome. so it's pretty mh already well known a believed that mark magui used steroids to... when he was hitting hi home runs, right? >> that's righ i ink when you go in front of congress and u tell them when they ask you if y used performancenhancing drugs you say you're n there to talk abouthe past it's pretty much the end of that story. it been a foregone concsion for a whi. >> lehre why did he finally come clean today oyesterday? >> well, goi in, you know, he'll beoing into the season as theardinals' hitting coach. if he hadn't, this just woul have been protracted game of media speculation an criticism. i thk he kind of opted

art beat, watch an interview with terry teachout, author of a new biography on jazz legend louis armstrong. all that and more is on our web site, newshour.pbs.org. gwen? >> ifill: and that's the newshour for tonight. i'm gwen ifill. >> brown: and i'm jeffrey brown. we'll see you online, and again here tomorrow evening. thank you, and good night. major funding for the pbs newshour is provided by: >> chevron. this is the power of human energy. the national science foundation. supporting education and research across all fields of science and engineering. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. captioning sponsored by macneil/lehrer productions captioned by media access group at wgbh access.wgbh.org

terry teachout on louisÑi armstrong on c-span. up next "washington journal." the guests include linda feldman of the christian signs monitor and david hawkings. they talk about politics and the latest news. then jacqueline o'neill of the institute for inclusive security talks about the role women play in muslim countries. then a former c.i.a. intelligence officer looks at al qaeda's determination to acquire weapons of mass destruction. "washington journal" is next. . >> good morning and welcome to "washington journal" on sunday the last day of january for 2010. dozen president obama need a republican congress? will washington and the administration benefit from republicans in congress? is there more balance when one party doesn't control both the executive and legislative branches? we will take your calls on that. >> we are also on online. you can e-mail us. and twitter. you can also find us on facebook. we are looking at a column in the washington called "does obama need a g.o.p. congress?" down into the story he writes it is tempting to wonder whether obama

. >> q&a, sunday, his new biography of jazz great louis armstrong. it is at 8:00 on c-span. saturday, the history of executive power from george washington to george w. bush. john yoo talks about his book. it is part of their book tv weekend on c-span2. representatives from over 60 countries met in london yesterday to set goals on the future of afghanistan. after the meeting, the afghan foreign minister took questions. this is 40 minutes. >> welcome to the concluding press conference of today's conference on afghanistan. i am here with special representative and on my rights, for the minister of afghanistan and now the special representative of president karzai. you've had distributed to you the the communication and i would like to confirm the version that you were given is the final version. to i am not going to read it aloud, but i do want to report to you on today's conference and give you some of the highlights. the unifying theme of the conference was that the afghan people want and deserve a better future. we were delighted that two representatives of afghan society w

liberally for his boss's speeches the girl armstrong echoes from ayn rand's capitalist speech. after goldwater's failed campaign for the presidency, this intensity and enthusiasm that he and ayn rand aroused continued to build. the 1960s where rand's heyday primarily through the nathaniel brandon institute and an organization formed by the right hand man. the institute in combination with ayn rand's newsletter and steady stream of nonfiction she produced and her commentary on current events made objectivism into its own subculture. ayn rand was the first to do a successful end run over the mainstream media. she got terrible reviews for atlas shrugged so she set up her own infrastructure, her own organization and went from there. the dissolution of the nathaniel brand institute in 1958 among recrimination and scandal and deep dark secrets meant this ideological energy that had been concentrated in the object of this movement had to find other outlets. one of the outlets it found was the modern libertarian movement which broke away from young americans for freedom in the late 60s

the next 24 to 48 hours will be critical. >> drew armstrong of "congressional quarterly."g to enter the 2010 student camel contest. $50,000 in prizes for middle and high school students. the top prizes by thousand dollars. the video must incorporate see scant -- c-span programming and show various points of view. winning entries will be shown on c-span. the not wait another minute. up load your project today. >> obama's but today to a meeting of the house democratic caucus commenting on health-care negotiations and the economy. from the capital visitor center, this is a half hour. [applause] >> mr. president, on behalf of the chairman, the leadership of this house under the able direction of nancy pelosi, and the courageous work of each and every member of the house democratic caucus, we welcome you here to the congress of the united states, the people's house. [applause] we can proudly say each and every member of this body has worked to pass the three pillars of your agenda and we can say that with confidence because we have worked hard under the leadership of one of the

. >> q a date sunday on his biography on louis armstrong. >> to night, the history of executive power from george washington to george w. bush. this is part of our book tv weekend, on c-span 2. >> listen to cspan radio in washington at 90.1 fm. it is also if reapplication for your iphone. >> "washington journal" continues. host: our guest is the vice president for policy at the american transportation society. what does your association do text guest: they are at association of all the public transportation systems in the country and affiliated interests going back to 1882. membership embraced high-speed rail. accordingly, we are front and center in that area. there was a former association in washington called the high- speed ground transportation society. they had 500 members. that was in the days when high- speed drills more of a vision, a dream that was being chased. they adopted in 2006 to fold into our organization. host: the vice president and president were in florida this week to talk about this. >> this single investment woman solve all our transportation issues overnight. i

we have our tech guy, mario armstrong, the sports guy, rick horrow.e anderson. we can go on and on, but we would be missed if we didn't mention josh levs. levs, look out. >> josh, what has been your favorite story of 2009? does anything standout to you? >> this is a fun exercise to think about it, right? this is the one we chose because i felt good about this. we did a story called the youtube symphony. in tend it was about taking people who had given up on their dreams and finally making the dreams come true. >> hello. i play this. >> i started playing the violin when i was 5 years old. >> hello. i am from romania and play the violin. >> they are coming from all over the world to live out a dream. >> i'm coming to you from bermuda. >> 3,000 people submitted audition videos onyoutube. music professionals chose 200 finalists and youtube use irs voted. 96 people from 30 countries get to fill these seats. >> i'm 28 years old. i work as a systems engineer for a government contractor out in los angeles. there's no other way that someone like me who is not

. >> on his new biography of jazz great lieuie armstrong. >> next, bill clinton talks about the recovery efforts in haiti and how the international community and businesses can help the haitian economy. acting as u.n. special envoy, mr. clinton is followed by a panel of global business leaders from the world economic forum in switzerland. this is about 46 minutes. >> mr. president, ladies and gentlemen, your excellencies, i welcome all you to this very special, very important crucial session on haiti. all of us in this room remain deeply saddened by the jail and scope that has ravadged haiti. the scope of destruction. this magnitude serves as a harsh reminder of how fragile life can sometimes be. but it is also during these moments that we are reminded of the common humanity which we all share. we decided to convene this special session immediately following the eerttedsquake as the scale and scope became really clear of the devastation. in speaking with president clinton, he and i immediately agreed that a joint effort of the clinton global initiative, the world economic forum, together

as negotiations continue on a compromised health care bill, drew armstrong of c.q., have lawmakers madeot of these issues. the white house has been meeting pretty extensively over the phone. max baucus and chris dodd. we're at the stage now where they are trying to figure out exactly what the biggest issues are and how the they are going to begin to try to resolve them. this is kind of a step one of a negotiating stage process but i think they are trying to get this done quickly and tee up a lot of these things and what they are going to have to sell to the caucuses of each house at this proirnlt have they determined which version they are going to work with? >> the house is going to take up the senate bill and insert in that whatever compromise they work out behind closed doors. technically it is going to be the senate bill that gets passed. there are going to be biases where they differ but i don't think a lot of decisions have been made on exactly how some of these issues are getting worked up but there are a few issues where they kind know where they are headed like how they are goi

. >> craig: the red light is going on and that's why the fans are up in armstrong.hree saves on this penalty kill from montreal. the caps have yet to muster closing chances with the extra man. >> joe: right around 6:00 tonight the washington capitals announced alex ovechkin the captain. gill and georges to stave it off for montreal. one more meeting thorough these two squads. it becomes intense. along the goal line. poti steps in. fires. through a maze of traffic. price trying to hang on and he will get the whistle. >> craig: that all starts from a great pickuv of a clearing pass by alex ovechkin. this leads to a quality opportunity. the caps had plenty chances but little room to shoot the puck. sharp wide. sharp angle. the help comes from the defender. there's that pig pile you're talking about. that last shot might have hit josh gorges. markov gets one and two great opportunities short hand. >> joe: we always tell you how flexible semyon varlamov is, the injuried netminder. neuvirth going full split. cut off by carey price. you think back a few years when price wa

. >> on his new biography of jazz great louis armstrong at 8 p.m. eastern and pacific on c-span2. in the nation's capital and across the country listen to c-span radio. in washington at 90.1 fm. and on xm satellite32. c-span radio, covering watch intend like no other. >> first lady michelle obama details plans to reducing. this is a speech mainly on children, we'll also hear from the health and human services secretarsecretary kathleen sebelius. surgeon general, this is 50 minutes. >> the national resource office for our 2600 ymcas across the country. welcome to our esteemed guests, mrs. obama, dr. benjamin, secretary sebelius, we are glad you're here. welcome to our ymca. i would also like to thank the staff here at the alexandria ymca, especially the branch executive director and the leaders of the ymca of metropolitan washington, and he was the president and chief executive officer, stan laub was the executive vice president of organizational advancement, pam the chief operations officer and janice williams, senior vice president for program development. the white ca is so very

. >> when you are talking, i was thinking about mario on strong from the cnn -- mario armstrong from cnn who does all of the technology and gadgets. we were at a conference and he was telling me about an amazing program he has helped to spearhead where they recognize the fact that this is a generation of video games and very technologically intensive surroundings. so what he does is says let's accept the reality and build on that. so he will go to different schools and he has done a couple of these events in maryland where he takes all of the newest gadgets, the laptops, and he will bring in a role models and mentors of technology. minority video-game designers. sports figures to appear in video games. people like can relate to because this is what this generation is doing. at the same time, he links that to look out cool this is, but do you know why this is cool? because there is engineering behind it that gets you here. so in order to play these video games, you need to know these equations. the people that actually make these games are talking to kids about this and showing them t

armstrong on c-span. >> now the senate budget committee hears from doug elmendorf that of the congressional to welcome cbo director here to the budget committee to report on the latest cbo estimates. and before we can not, i want to publicly thank director elmendorf for the really extraordinary efforts he and the people at cbo has made over the last year, with an unprecedented workload, and i mean truly unprecedented. i know firsthand that he and his people have worked nights, weekends, repeatedly, repeatedly how my repeatedly, under extraordinary time pressures and with real complexity. and i must say, even though there have been times that i've disagreed to wreck their elmendorf's views, sometimes strenuously, i absolutely respect his independence and his integrity and making key is one the respect of people on both sides of the aisle who i've seen that he's tried to call them straight. and that's the best that we can ask for and it really is, i think, high professionalism from direct your elmendorf and from the people at cbo. and again, i've had my disagreements on some of their finding

armstrong of the visiting thrashers. >> craig: to follow you will on the line combination, brooks laich had toth to say on the recent line combos. it's nice to have line mates when someone asks who is on your line, you don't have to namenine guys. there's been a lot of stability. one thing we've seen all season is semin and knuble moving up and back between the top two trios. other than that, there's not ban lot of admonish mark going flon boudreau. >> joe: you won't take that one right now. alexander semin is flourishing on the second line and knuble is moving extremely well in this month of january. really pick uple gogh goal scoring pace in january. fehr tried to fun tunnel that through taveras. see that the ducks are -- okposo works down the wing. streit unload. that's blocked in front of jose theodore. >> craig: we may see jean- sebastien giguere. don't count ton. this anaheim team needs points. miller is arguably their number one guy right now, and they need points. >> joe: fehr looking for chimera. shaone morrisonn throws it into the corner. streit will pick it up. andrew macdona

[applause] >> tomorrow, david lightman and drew armstrong join us for an update on congress. after that, former republican party chairman ed gillespie. later, juan williams talks about race, politics, and the days. -- the news. later, senate republican leader mitch mcconnell talk to reporters about afghanistan, u.s. foreign policy, and the senate's agenda. that is live at 10:00 a.m. eastern. >> the veterans affairs department said that suicide rates have risen among male veterans or 18 to 29 years -- who are 18 to 29 years old. after that, the debate for an open u.s. senate seat in massachusetts. later, senate majority harry reid on this 2008 " on president barack obama's skin color and electability -- on his 2008 quote on president barack obama's skin color and electability. >> now available, c-span's book. a great read for any history buff. from his early years to his life in the white house and his relevance today. in hardcover at your favorite bookseller and now in digital audio to listen to any time. available where digital audio let downloads are sold. -- a digital audi

tomorrow, david lightman and drew armstrong join us for an update on congress. former republican party chairman ed gillespie on this year's midterm elections. later. juan wi -- later, juan williams on race, politics, and the news. later in the morning, mitch mcconnell along with other gop senators talked to reporters about u.s. foreign policy and the senate's agenda. that is live at 10:00 a.m. eastern. the white house said president obama was not offended by senate majority leader harry reid's use of the term "negro" when describing the candidacy but it was an unfortunate choice of word. >> he has made amends. would you like to extend that? >> i am happy about that. i have enjoyed working with him. it has been tremendous and terrific. i have -- my heart has been warmed from the response to run the country. whether it is julian bond, a call i got today from the attorney general, eric holder. he said i've known you for a long time. anything i can do, anyone you want me to talk to, i would be glad to do that. we have a lot to do. i have spent the last couple weeks

. >> q&a, sunday, in a biography of jazz great louis armstrong at 8:00 p.m.astern and specific here on c-span. this weekend on c-span2's book tv, on how the growth of the muslim mogul -- middle-class and the middle east can and villages extremism, and the political cartoons of dr. seuss, published during the war years in the 1940's, also the neocons and provincial farm policy going back to the nixon administration. find the entire schedule at book tv.org and get the latest updates on twitter. >> "washington journal" continues. host: colonel attalla, former africa director 2003 through 2007. where is the terrorist movement in africa? can you talk broadly about the whole concept? guest: sure, greta. they are actually spread between north africa and the horn of africa. the horn of africa right now is a very big issue because you have several dynamics. those are the areas primarily focused by al qaeda. everyone focuses on al qaeda and hopefully in the show we could talk about other groups as well. host: let us do it right now. it is not just how tight it in afric

>>eachout on his new biography on jazz great louis armstrong on c-span. >> now, a senate hearing on haitiarthquake relief efforts. the foreign relations committee hears from witnesses who have been to haiti. this is a little less than two hours. the hearing will come to order. we're going to start the hearing. and i think dr. farmer is not very far away. let me just say i apologize to all for the need to shift. but five votes have been scheduled starting at 10:30. and so had we begun this hearing as it had been scheduled at 10:00 we literally would not have had a hearing. so i appreciate's everybody ability to advance it. we actually have a grace period of 15 minutes so we have till about 10:45 or so. and that will give us an opportunity to get through the testimony and the questions adequately. i wish we weren't pressed but the reality is. -- we are. haiti is reeling in the aftermath of what may well be the worst humanitarian catastrophe that the americas have ever seen. well over 100,000 dead and more dying every day. an estimated 1 million haitians are displaced. large parts of port-au

. >> "q&a" sunday and a documentary on louis armstrong. >> remarks now from freddie mac ceo on his agency's whole -- the housing crisis appears to have bottomed out. it is hosted by the detroit economic club. this is about 50 minutes. >> before joining, he served as chairman and was chief executive officer from 2003 that to estimate. as ceo of putnam, he was charged with three organizing business and improving business policies in compliance following a series of probes into the industry's business practices. cf a magazine named him one of the most influential institute members in december to a dozen sex. it was setting his personal commitments, his work to restore certain assets of its to increase trust in the firm. he served as chairman and ceo of delaware investment. s president and ceo of united asset management corp.. he earned his mba from harvard business school. he turned his j.d. from harvard law school. he graduated summa cum laude from dartmouth college with a degree in economics. he currently serves as chairman for dartmouth college and is on the business school of hard red and

. >> true armstrong of congressional quarterly said there are reports that there have been agreementsleaders of union groups in negotiations with the white house and congress some time late last night and they have been finalizing the details earlier today. the original policy in the senate bill was such that a very high-cost cadillac interest plans be taxed as a way to raise revenue and to bring down insurance costs. the compromise has been reached. the effective dates that these plants are taxed is the week to be rolled back by about five years. there is a transition period 4 plans for unions and workers to adjust to those taxes. the threshold at which they are taxed has been bumped up a little bit. it would have been a plan that cost over $23,000 for a family would be taxed and that has been moved up to $24,000. for individuals, $8,500 to $8,900. >> what about senate democrats? are they on board? >> we do not know at this point. this is just coming out, the details. it has been confirmed by people at the union and a few but house officials. it was literally minutes ago. the white h

. >> his new biography of jazz great louis armstrong at 8:00. >> tim geithner told a congressional panelmpany a i g. the testimony by tim geithner who was president of the new york fed bank was part of a daylong hearing on the rescue of aig. and 25 minutes. okç >>> the committee will come to order. the committee will come to order. good morning. on september the 16, 2008, the wall street giant aig faced immediate bankruptcy. aig was saved from collapse when the american people came to the rescue with an $85 billion bailout. less than two moss later, the american taxpayer was again forced to pay the bill when the federal reserve directed aig to hand out billions of dollars to counterparties, that inclupded the biggest names on wall street. in effect, the taxpayers were propping up the hollow shells of aig. by stuffing it with money, and the rest of wall street came by and looted the corpse. the circumstances surrounding the payments to the counterparties has created an air of suspicion and distrust among the american people, starting with the new york feds. initial refusal to name the co