with that i'll transition to barbara hal and she'll talk about the power workshop and we'll then go on from there >> mr. president, just so we stay literally on the same page i have in front of me is the materials that was sent out last thursday plus i guess there was a memo from the general m anything subject to that i'm not looking that. you need to know if there's anything that's changed if you could use that as your bottom line >> are there additional materials in the binder. >> it's the same materials. >> the only change that the memo i sent out friday and than yesterday there was an additional of page 2. >> okay. thank you. >> so before we focus on the power or hetch hetchy water and a power budget we felt that it's important to take and spend time on the power enterprise. as you went twroorgz then ed harrington was faced with a two year budget where the power enterprises was really facing a physical cliff. they didn't have enough revenue to cover the cost. so what they did at the time to bring it into balance the first thing was they defender about $249 million of capital work o

the key negotiators were 2 veterans of congress -- hal rogers, house appropriations committee from kentucky, and barbarae democrats from maryland. the 2 of them worked in a closed-door setting for several weeks to nail this down, and they are confident they have the support of their respective caucuses to move this thing forward. >> peter, stay with us. we are thrilled to bring in fiscal analyst p.j. o'rourke. we really have to go back to "parliament of whores," that lasted. >> no kidding. >> what is new now versus when you wrote this classic? >> i wrote the book 22 years ago and i gave it to a friend of mine, and andy ferguson, the best political writer, and i said, "would you update this book?" he said "all you need to do is move one decimal place on over." >> are the party's fading away within our massive independent registration? >> no! this is what is so weird. basically, americans are politically independent, and yet the parties remain strong. why? because of their fundraising mechanisms. their brilliant fundraising mechanisms. moronic.ally, they are practical politics, they are useless. but boy,