you have recommendations for a five-day workweek, an annual budget, i'm sorry biannual budgeting, restoring the process of getting to a budget, it bipartisan leadership committee which is so interesting. that means they have to leave the congress and get out of their own partisan leadership. no clothes, no pay which means members are not going to collect their own paycheck. filibuster reform. no more secret holds on legislation and returned. i think this is so critical to regular order. you can't throw off an emergency supercommittee sequester bill at the last minute. everything would have to go back and abolish leadership -- which makes me chuckle because you are one of five senators without any leadership pass. i'm a big believer of that myself and commissions, state legislators to sign with redistricting. i think it's important for americans to read your look and especially the chapter on all of these political -- the fix is kind have been on the system so they don't know about redistricting and how districts swing every election cycle and how 79% of those shouldn't even get in the car a

this rules change charade has gone from being a biannual threat to an annual threat now to a quarterly threat. how many times have we be threatened my colleagues? do what i say or we'll break the rules to change the rules. confirm everybody 100%. anything less than that is obstructionism. that's what they're saying in effect. let me say we're not interested in having a gun put to our head any longer. you think this is in the best interest of the united states senate and the american people to make advise and consent in effect mean nothing, obviously you can break the rules to change the rules to achieve that. but some of us have been around here long enough to know the shoe is sometimes on the other foot. this strategy of distract, distract, distract is getting old. i don't think the american people are fooled about this. if our colleagues want to work with us to fill judicial vacancies like we've been doing all year, 99% of judges confirmed, obviously we're willing to do that. if you want to play games, set yet another precedent that you'll no doubt come to regret, i say to my friends

advantages in that regard and pick one you're comfortable with, whatever interest rate you get on a biannualis if you're happy with it for three, five or ten years, then you really don't have a big ne negative. the nice thing with munis, sue, is that they have a very low default rate. despite all the things that we hear about california or chicago or illinois or detroit, they still have a very low default rate. watch out for a couple things. basically want to see how they're funded. two ways they're funded through revenues or through taxation. general obligation bonds generally through taxation, revenue bonds through revenues. but, the biggest difference is, you might get for a triple a ten-year muni, high quality, about the same as a ten-year treasury. but once you start to ease off to maybe mid-style, mid-quality, let's say a triple b, you're going to get 50 basis points extra, ten basis points to ensure it and almost double it with tax advantages if you're in high income tax states like california. >> that's what jj was talking about, depending on what your tax bracket is, they not only w

. >>> and still to come, we'll be jetting out to dubai for the company's biannual air show which tookrd orders over the weekend. we'll also hear from the president of the american defense contractor raytheon, matt riddle. >> announcer: you're watching "worldwide exchange" bringing you business news from around the globe. >>> these are the headlines from around the globe. chinese equities surge after beijing releases details of its ambitious reform plan. financial security firms and dairy companies all heading higher. >>> u.s. equities start the week a stone's throw away from the s&p 500 shy of 1500 and the dow close to 16,000. a strong set of orders from the dubai air show. boeing continues to lead the race with over $100 billion in deals. executives from both companies have been taughting their success. >> we do it when our customers ask us to do it, obviously. it was a big first day. we're not greedy. we'll see how the rest of the show pans out. >> i prefer to build airplanes and deliver them this decade so they can have 20 years out in the future, i'll take the next ten years. >>>

maybe it's biannually.and the statutory authorization for very much -- type of targeting that is shown to the fisa court. they pretty standard stind minimummization procedure in the requirement in 702. there has been some suggestions that the meat of 702 if there is to be any control on it lies in so the called tasking orders. which are then approved. never shown in the court. outside look on whether or not they really do strike the right plan between the certification, the category targeting certainly for privacy purposes. it has been suggested that there be some review outside of the government on the task -- at least in -- maybe not an individualized 702. any kind of large category. maybe after the fact. maybe it would be along the -- do you have a summary action as to whether or not any mechanism of that from your point of view tolerable? what are the downsides? >> maybe i can just start with some basic how 702 targeting the mechanics work today. >> that would help. not only do some of us have questions

congress makes of informed decisions, we have just onpleted our biannual volume reducing the deficit. we rocked a copy for each of you and we will be posting a copy on our website at noon today. i will close on a note of optimism. i worry that toting up all of the economic and budget challenges our country faces can make the problem seems so large it discourages people from tackling them. that would be unfortunate. a clear resolution of the long- term budgetary concern would be beneficial. even if that is not feasible g the now, reallocatin budget and reducing uncertainty about fiscal policy next year and improving and outsourcing the budget outlook would be a good thing for the economy and our fellow citizens even if it left significant challenges to be addressed in next year upon budget process. budget process. thank you. >> i think we will make it a little more of an informal discussion. ask members to put your placards up if you want to get into the queue to speak. we will alternate between republicans and democrats. ' commentsmit members or questions for the director to 2 minutes

you have recommendations for a five-day workweek, an annual budget -- biannual budgeting. >> guest: yeahhost: restoring the process of getting to a budget, a bipartisan leadership committee. which is so interesting. it means they have to lead the congress and get out of their own partisan leadership. no budget no pain. -- pay. which means they won't collect their paycheck. filibuster reform, no more secret hole on legislation, and return, i think, this is so critical to regular order in the committee. you can't throw up an emergency supercommittee sequester bill at the last minute. everything would have to go back. and abolish leadership pacs. you made me chuckle. you were only five -- one of five without it. semi open primary i'm a believer of that myself. and commissions instead of state legislature deciding on redistricting. i think it's important for americans to read your book -- especially on the chapter on all of these political -- in on the system. it they don't know about redistricting and don't know about how few districts swing every election cycle and 79% of 6 us shouldn't ge

members of congress make informed decisions about possible policy changes we have just completed our biannual al-youm of specific options for reducing the deficit. we will be posting a report on our web site at noon today. i want to close on a note of optimism. when i make presentations like this i worry that my toting up the economic and budget challenges are country faces can make the problem seems so large that it actually discourages people from tackling them. that would be unfortunate. of course a clear resolution of the long-term budgetary concerns would be beneficial. but even if that is not feasible right now reallocating elements of the budget to better with the countries produces you feed them while reducing uncertainty that fiscal policy next year in improving or at least not worsening the long-term budget outlook would be a good thing for the economy and our fellow citizens. even if it lets significant challenges to be addressed in next year's budget process. thank you. >> thank you doctor. instead of making us more of a formal hearing procedure think we will make it more for an i

certification requirement that the attorney general makes under 702 yearly i think it is maybe it's biannually, and the statutory authorization for short-term category type of targeting that is shown to the fisa court and a pretty standard , as i understand it, minimization procedures that are required in 702. there has been some suggestion that the meat of 702, if there is to be any control on it, lies in the so-called tasking orders which are then approved internally by the government but never shown to the fisc court and according to some of the information or some of the opinions of outsiders including some of the providers, these don't get any kind of outside look on whether or not they really do strike the right talents between the certification, the category targeting etc., certainly for privacy purposes. so it has been suggested that there be some review outside of the government on the tasking orders, at least in the law and maybe not an individualized 702 but any kind of large category. maybe it would be after-the-fact maybe it would be along with ras do you have some reaction as to

members oe congress make informed decisions about possible policy changes, we have just completed our biannual of specificrmed options for reducing the deficit. we'll be posting the report on our web site at noon today. i want to close on a photoof b optimism.on on a note of on the to mitt romney. i worry that finish optimism.otn i worry that it discourages people from tackling these problems. that would be you are the. ofbl course -- unfortunately. but even if if that is notfort feasible right now, reallocatinr elements of the budget toconc comport better with the bu country's priorities as you vie them while reducing uncertainty about fiscal policy next year and improving or at least not worsening the long run budget outlook would be a good thing for theg economy and for our fellow citizens. even if it left significant challenges to be addressed in next year's budget process. a thank you.for >> thank you, doctor. instead of making this more of a formal hearing type procedure, i think we'll make it a little more of an informal discussion. i'll just ask members to put your placard right side u

after 2013, goldman is going to start naming managing directors on a biannual basis as opposed to everytion this class would be much large r, maybe double the size the last year. keep in mind of course goldman has been trying to trim costs in what it calls a tough operating environment. back to you. >> very interesting. thank you very much, mary. comes on a week where lloyd blankfein made comments at the conference and asked how long he'd be sticking around and he said "why do anything else," as a lot of eyes on blankfein and his future. >> they're going to have to carry him out of that play or -- >> the stock's not been great during this period. it kind of flatlined because the activity has flatlined and some have outperformed but they haven't. it's kind of interesting because you would expect even in a flat environment that goldman would find more ways to make money. i suspect they will in 2014 but it's not happening yet. >> a lot of wins aners among th retailers. nordstrom -- >> nordstrom, look at that, that was at $60 last week. there's a lot of belief that this group is well behind