deion of the brookings institution, kevin ekstrom, and kim lawton of this program. next up aookhead to 13. that's our program for now. merry christmas. you can follow us on twitter and facebook. watch us any time on the pbs app for iphones and ipads. there is much more on our website as well. audio and video podcasts are also available. join us at pbs.org. as we leave you, the last of the hallelujah chorus from handel's messiah as performed by the choir of trinity church wall street in new york. if you want to stand up, please do.

dionne of the brookings institution, georgetown university and the washington post. happy new year to all of you. that's our program for now. i'm bob abernethy. you can follow us on twitter and facebook and watch us anytime on the pbs app for iphones and ipads. there's always much more on our website as well. you can comment on all our stories and share them. audio and video podcasts are also available. join us at pbs.org. as we leave you, music from the choir of trinity church wall street, in new york. ♪ additional funding also provided by mutual of america. designing customized individual and group retirement products. that's why we're your retirement company. the jane henson foundation and the corporation for public broadcasting.

coming up next, we're going to take you live at the brookings institution, a look at u.s. homeownership, a panel that is about to begin including bank of america c.e.o. and douglas aiken who joined us last weekend on "washington journal" and another who covers news for cnbc. what to look for in the future. a reminder we are back at 7:00 a.m. eastern time check out our schedule information at espn.org and over the weekend on espn2 book tv programming and on c-span three our american history programming. thank you for being with us this friday. enjoy your week. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> and this morning here on c-span, we're live at the brookings institution for a discussion with brian monaghan followed bay discussion on homeownership including the costs and the world of lenders, investors and government policies in chiefing that goal. some consumer news this morning from the labor department. they are saying a steep fall in gas price sincere pushing down a measure of prices, the season

of policy as it stands thank you so much for coming on breaking it down vonda brown from the brookings institutefor share time. sorry guys that's today's show but i don't want to go without a quick update on something that's been critical of our team's coverage of gaza no it's not alex so scary that man israeli fire foreign minister avigdor lieberman after his office bashed this network and even tried to justify the shelling of artie's office in gaza he's been indicted and as of today he resigned from his post in the government leaving office in disgrace and he wants a car must have a good weekend. wealthy british style some time to. market why not. find out what's really happening to the global economy with mike stronger or a no holds barred look at the global financial headlines tune in to conjure reports . live. live. live live. live . luck.

know it's been planned in the works for years now if you believe the documents such as the brookings institute and the u.s. general now another actually said it does in one that you had to attack seven countries in ten years which included iraq syria. iran eventually so this isn't a cloud in the works for a while and for now fourteen years going back the biggest opposition group inside syria is the muslim brotherhood group there was an organized group there. are the group in syria itself or of course the golan so. this uprising is not required to put it into context it's a new sim brotherhood uprising if it does political organization and from the very start we marched up and eleven it was already shooting it was already. armed factions of this group of this political organization. started so. the groups inside syria. they're characterized as secular at the say and up high that it has but really line between now and is is quite soon i mean that the other say it so well that the secretary in israel is muslim brotherhood organization and very small amount of them are secular. you have of course

policy as it stands thank you so much for coming on breaking down vonda from bob brown from the brookings institutefor sheer time. that's today's show but i don't want to go without a quick update on something that's been critical of our team's coverage of gaza no it's not alex so scary that man israeli fire foreign minister avigdor lieberman affairs office bashed this network even tried to justify the shelling of artie's office in gaza he's been indicted and as of today he resigned from his post in the government leaving office in disgrace and even say karma have a good weekend. choose your language. we can we know if they're going to let us stay still some other. treatments that's the consensus here to. choose the opinions that you think. choose the stories that impact the. true spirit sent. to. wealthy british style. is not on. the. market why not come to. find out what's really happening to the global economy with mike's cause or for a no holds barred look at the global financial headlines tune into cars a report on our. if. motion would be soon which brightened if you knew about someone from f

31 countries when it came to transparency in foreign aid programs, that's according to the brookings institute and center for global development. we should have nothing to hide. let's tell the american taxpayers what they are getting. this bill requires more information to be posted online so americans can know what we're doing. we can't continue down the path of the same old same old regarding foreign aid and need to restore trust with the american people. lack of transportation invites corruption, waste and incompetence. the losers are those the program aims to help and also americans who pay for foreign aid. regardless of whether a member believes, we should agree that accountability and transparency are an absolute must. and i yield back. the speaker pro tempore: the gentlelady reserves. the gentleman from virginia is recognized. mr. connolly: i have no other speaker and i yield back. the speaker pro tempore: the gentleman yields back the balance of his time. the gentlelady is recognized. ms. ros-lehtinen: i yield back. the speaker pro tempore: the gentlelady yields back. the question is,

fiscal liberal because of plant for eight -- pregnancy cost cost 12 billion per year from the brookings instituteou say no birth control because i am a moral conservative but it cost taxpayers money. >> this is an argument i am a catholic and to understand why government should not be eight in these details. than government pays for it then gives the excuse you cannot eat the doughnut or smokeless cigarette. to say maybe government should not play any aspect. >> they cost $10 a month. >> barbara streisand could pay for everybody's go. >> this is not about $10 per month is just like viagra or oxycontin. citic nobody else should be forced to pay for that. john: they pay for viagra? >> is the prescription health plan. >> why not? clear not telling you what you can or cannot. i created the business if you don't like it don't work for me. that is freedom. >> i don't want you to take your heart medicine. >> you don't have a right to your emppoyer's money whether they are allowed to say you cannot take birth control at all but to say what should the employer be forced to pay for? if you want to pay in c

fiscal liberal because of plant for eight -- pregnancy ct cost 12 billion per year from the brookings instituteso then you say no birth control because i am a moral conservative but it cost taxpers money. >> this is an argument i am a catholic and to understand why government should not be eight in these details. than government pays for it then gives t excuse you cannot eat the doughnut or smokeless cigarette. to say maybe government should not play any aspect. >> they cost $10 a month. >> barbara streisand could pay for everybody's go. >> this is not about $10 per month is just like viagra or oxycontin. citic nobody elsehould be forced to pay for that. john: they pay for viagra? >> is the prescription health plan. >> why not? ear not telling you what you can or cannot. i created the business if you don't like it don't work for me. that is freedom. >> i don't want you to take your heart medicine. >> you don't have a right to your emppoyer's moy whether they are allowed to say you cannot take birth control at all but to say what should the employer be forced to pay for? if y want to pay in cash

failure of policy as it stands thank you so much for coming on breaking down vonda brown from the brookings institutefor sheer time. erica. that's the show but i don't want to go without a quick update on something that's been critical of our team's coverage of gaza no it's not alex cells gave that man israeli fire foreign minister avigdor lieberman affairs office bash this network even tried to justify the shelling of artie's office in gaza he's been indicted and as of today resigned from his post in the government leaving office in disgrace and he wants a car must have a good weekend. lippold live live. live. that speak. to. her. with. the load. a little bit misleading good luck. lifts. her. a little. limitation and free could you take three months for just three to make amends three. three stooges free. download free blonde hair splitting video for your media projects a free media don carty dot com. you know how sometimes you see a story and it seems so poorly you think you understand it and then he glimpse something else you can.

policy as it stands thank you so much for coming on breaking down vonda from bob brown from the brookings institutefor sheer time. erica. that's today's show but i don't want to go without a quick update on something that's been critical of our team's coverage of gaza no it's not alex cells gave that man israeli fire foreign minister avigdor lieberman affairs office bash this network even tried to justify the shelling of artie's office in gaza he's been indicted and as of today he resigned from his post in the government leaving office in disgrace then he wants a car must have a good weekend. in the ocean to be soo much brighter than the moon sun from the sun's to the pressure . from the stones on t.v. don't come. cheap. do we speak your language anything about the will or not a day of. news programs and documentaries in spanish matters to you breaking news a little turn to tip angles kidneys stories. you hear. it all teach spanish find out more visit eye to eye. you know how sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see so

el to bring in ilya from the brookings institute.he nra says the answer is putting armed officers in schools, do you agree with that? >> if a local schooled board or school wants to do that, there are lots of schools in the country that have armed guards and metal detectors. most are inner city schools, that's a decision they have to make locally. i don't think the solution is a national plan, but there are different things we can look at. some could be labeled gun control, some gun rights, some are just common sense. >> ilya. armed guards as has been said since the tragedy in newtown, when we look at past examples, there were two officers there, they did shoot back at columbine, it doesn't -- >> there were different protocols and the s.w.a.t. team waited outside, but colorado, speaking of columbine, passed a series of reform measures, including instant background checks, closing the gun shop -- but also allows conceal and carry, so people who pass certain tests and go through a certain test are allowed to carry. when there are so-ca

. >> reporter: thomas mann of the brookings institution said boehner faced -- against his own party before and is careful not to move too fast. >> it's not clear to me that this proposal would attract republicans sufficient to carry in the full house. >> the bottom line on both sides remains unchanged, though. reach a deal in the next 13 days or taxes on everyone will go up new year's day. aides say speaker john boehner is pushing for a more comprehensive bipartisan plan. the problem in the negotiations is that the president and speaker of the house are still hundreds of bottoms of dollars a part, will. >> and republicans seem to be making a move here to narrow the impact of the tax height. -- hike. this is the question: does it bring in the $1.3 trillion in revenue that president obama wants? >> the democrats will tell you, frankly, no, and if you limit this to just people making a million, you're not going to get there. the report by the boston consulting group recently found the number of households that have a net worth of more than $1 million in this country is armed -- on the decline

this is my question -- the brookings institution is probably important and knows about chinese law. for those people who still don't understand law and have not accepted universal values, how to make them understand what is law and what is rule of law? why should humans deal with each other in this way? i learned one phrase in english, how you seek scan from the tiger? they know they cannot be influenced. in my family, when i was fighting with my parents, i could not win because they were my parents. what kind of steps will you allow ordinary people to understand the rule of law? why do we need a rule of law? >> keep doing what you are doing. keep doing it. i don't have more of an answer to that. sandra o'connor, one of my colleagues, feels very strongly about the fact that teenagers and high-school students are not learning civics. they do not know how the government of the united states works. she spends a lot of for time trying to develop programs on computers, television, that you can send into the classrooms. none of us thinks the rule of law is the american system in its entir

and she's currently a senior fellow at the brookings institution. thank you for being here tonight. >> happy to be here. >> you know much more about this than i do. you heard the intro, is there anything you want to add or correct anyway you see the fiscal cliff that you think people should know about? >> i thought your five points were good ones, especially the one about austerity, what we're talking about now is doing something really stupid as you said, and letting the wrong policies go into effect. too much deficit reduction, too quickly, and we could push the economy into a recession. that's just dumb. >> it is very dumb. now, you've been in many, many, many of these negotiations? you've been in the backrooms of a lot of the ongoing negotiations, now, do you think they have any chance of getting a deal before the first of the year? >> i'm always hopeful, but i'm less hopeful as every day passes. the problem is the rhetoric that's flying back and forth between republicans and democrats sounds like we're still having an election that it never was

and now professor at the harvard kennedy school, and michael ohanlon senior fellow at the brookings institution coauthor of "bending history"." will we and should we recognize the opposition forces? >> i think the obama administration needs to make a big decision. do you confer recognition on national council as legitimate authority of the syrian people. the reason for doing this, they need to push assad out as quickly as possible. he's holding on, and if something doesn't change in this equilibrium he may hold on for months on end. this war could spread in lebanon, jordan, iraq, that's not in the interest of the united states. they need to reinforce this coalition. that's one reason. the other is one of self interest. it's likely that at some point assad is going to fall. this particular group or some element of it will take over as the government of syria. we should want to have influence there given the importance of syria, and the importance of syria to iran. because if we can separate a new syrian government from the iranians that would be a major strategic advantage to the united states.

now we have director of research for the foreign policy program at brookings institution.see you. is the use of these ballistic missiles, and they are scuds, but the other kinds of missiles are using cluster bombs reported in the "new york times" today so does this suggest they are getting desperate? >>guest: really, i like that skepticism you had earlier on this package. yes, it does, but it doesn't mean that collapse is imminent. this is a horrible weapon to use in this battle. the scuds have an inaccuracy of several hundred meters so that means you combine that with a cluster of ammunition or another warhead and you will be killing a lost innocent people and that is sort of the obvious intent of the weapons. there is no two ways around it. humanitarian terms and military terms it is catastrophic and devastating. on the other hand, does it really mean that assad is about to lose? i am not so sure. mainly he is targeting whole populations he things have turned against him. he realized this is a fight to the bitter end for survival. this could look a lot like the war in bo

joins us now, a senior fellow with the brookings institution and an msnbc contributor. e.j., great to see you, as always. john boehner sits to the left of center of his caucus. can he work out a deal without inciting a full-scale revolt? >> well, we don't know that, but i think he'll have to test it. that really tells you something about how conservative the republican caucus has done. john boehner is a good conservative. what we have learned from last week is that if you give the 30 to 60, whatever the actual number was, we can't know for issue, but 30 to 60 of the most conservative republicans veto power, you will never get a reasonable solution. president obama made a lot of concessions to john boehner. a lot of liberals didn't like all the concessions he made. he limited the reach of the tax cut, changed the indexing of social security. he put that stuff in there to get republican votes. i think if john boehner -- and it would take courage, said we're going to let the whole housework its will, you can't pass a lot of reasonable bills if you worked from the center ou

[applause] >> and a live picture from the brookings institution this morning. the brookings institution hosting a discussion on continuing clashes between supporters and opponents of egyptian president mohamed morsi. as that country holds a national referendum on a draft constitution. opponents of president morsi say the referendum expands his powers and that of the muslim brotherhood and could restrict civil liberties and women's rights. speakers today will include a former obama administration state department official and a former adviser to the palestinians in their negotiation with israel. it looks like they're about ready to start. live coverage here on c-span2. >> ladies and gentlemen, good morning. thank you so much for coming on a rainy monday morning. can everyone hear me? is this microphone working? in the back? good. okay. well, welcome to this saban center for middle east policy at the brookings institution. we're here on the monday morning after egyptians began -- although they haven't finished -- voting on whether or not to approve the draft cons

with me is michael o'hanloo from the brookings institution. thanks for coming on the show.hey say these sanctions aren't causing them that much pain . what do you think? >> hi, melissa. i think sanctions cng them a lot of pain. it doesn't mean they will achieve their goal. iran could simply decide nuclear capability is worth the pain. or they could try to persuade us they feel that way. and hopefully, get out of the sanctions because the world loses heart. or they may be assuming you know in a year or two we'll have a bomb. at that point people won't bother worrying about it any longer unless they attacked us militarily. either wayby that time sanctions should be lted so we have to gethrough the tough period. i don't really know if the iranian regime is so hard-lined i could easily believe they would accept a weak economy as a price for getting a nuclear weapon. melissa: yeah, absolutely. the international energy agency estimates their exports of oil have been cut in half, you know, from about 2.3 to 2.5 million barrels down to 1.3 and, i wonder, you know, why did they thin

orsteen, the american enterprise institute and governmental studdings at the brookings institution.come to both of you. >> thank you, chuck. >> norm, i want to start with you. first of all, remind people is aei a conservative think tank or not? >> it is, but does not mean people have widely varying views. heritage it's not, especially with jim dimint going over there, i don't think anything will compare to heritage. >> the bigger issue, tom, that you believe we in the media have gotten it wrong. there is this back and forth. i guess what i would argue is, if, if a party believes what they're saying and they believe, if they get the perfect set of circumstances, then their fact, they believe will get there. how do you balance that one? >> you really have to go to the substance of what they're saying. we both acknowledge that it's hard for reporters whose professional norms require some notion of fairness and balance. but in a time when we have what we call asymmetric polarization. with one of the parties, in this case, the republicans, has run so far off the track. if you use that mo

in the world america made, robert hayden, senior fellow at the brookings institution opines on what the world would

he spoke at a brookings institution and a vent on the future of home ownership.s is just under one hour. >> good morning. i am pleased to introduce our keynote speaker for today. he has been ceo of one of the world's largest financial institutions since 2010. bank of america serves many different audiences with a full range of financial and risk- management products and services. you see them everywhere. the bank one out of every two american households. i have gotten to know brian through my work. best help underserved americans. brian grew up the sixth of nine had a job of as bus boy and dug that made industrial magnets. he later attended brown university which is something we have in common and played rugby well according to some of my rugby-playing friends and met his wife there. he is a lawyer by trade with a law degree from notre dame and started out in the general counsel's office in 1993 which then merged with bank of america in 2004 and was eventually elevated to general council in 2008. when bank of america bought merrill lynch as it was teetering on th

michael o'hanlon of the brookings institution joins us now.very day it seems the urgency grows on the syrian crisis. how is the u.s. dealing now with this very real threat apparently of chemical weapons? >> hi, martin. well, i don't know how we're dealing with it at the military planning level but certainly as you mentioned, at the political level there are clear threats and the united states would have to do something if assad decided this was his hail mary attempt to slow down the insurgency in an effort to destroy them. i think if that happened what we would do at a minimum would be to attack from the air any known chemical weapon depots. then the question becomes can we really just do that, make a statement, and go home or are we now essentially involved in the conflict at least up until its bitter end with the overthrow of assad? i would tend to think the latter. those are the kind of issues that are getting contemplated. >> if we actually hit these weapons dumps from on high as it were, does that not provoke the very gas to be released t

my colleagues martin bailey and bruce katz of the brookings institution note while manufacturing is only 12% of gdp, it's 70% of the spending on research and development. so this is good for us. i don't know if specifically what he's talking about about american workers, but i know that the president talked a lot about it in the campaign about how you can give people even an extra year of training after high school, can make an enormous difference in their income. i'm really hoping that the president sort of makes a new prosperity for the united states, a big part of this second term. and tries to bring together these initiatives to strengthen worker bargaining power on the one side, higher minimum wage. but also to try to enhance people's skills so they can take better jobs. >> i mean, have they been shamed because they have made so much money? how could they not bring some of those billions of dollars to the united states with the economic situation we've got right now, just over 8% unemployment? will it really motivate other companies to do the same, or is apple in a class of its own?

charles ebinger is analyst with the brookings institute. here is what he told me. >> matt damon will give a convincing actor, undoubtedly casting concerns about shale gas on horizon and that will become a lot of people's perceptions that shale gas is not safe. >> right now the industry low-key, p.r. campaign, hey, wait a minute this movie is only telling one side of the story. that hess what they're saying about it. and they're prepared to ramp that up depending what the public reaction is, melissa. melissa: the industry provides a lot of jobs. the collateral damage could be meaningful. thanks so much for bringing us all of that. >> you bet. melissa: speaking of "promised land", californians sitting on a virtual gold mine of oil, possibly one of the largest reserves in the country. estimates that monterey shale holds as much as 15.4 billion barrels of recoverable oil just what we were talking about just now. what does the state want to do? crack down on tracking. in fact it just proposed the state's first-ever regulations. we have the calif

joining me is brookings institution senior fellow and international economy professor at university ofn diego, richard feinberg. thanks for joining me tonight. >> thank you, adam. adam: i grew up in miami, florida. i grew up with the children of first wave of immigrants of cuba and i had honor or at least privilege going to havana on this very issue. it was a sad state of affairs i saw in havanna. it is really struggling. why make the case we should lift the embargo? would it help the cuban people or would it help us? >> well, as you said, other companies, european companies, canadian companies, brazilian companies, are investing in cuba. you have a major spanish hotel chain. you have a canadian nickel company. you have nestle, unilever and they're getting first mover advantage on american companies. why do they go to cuba? there is a market in cuba. they're looking at the natural resource, the beaches, the nickel, the good land that is there. they know that the labor is relatively well-educated in it will be relatively competitive. adam: roughly left million people. you have roughly 1

dionne and also senior at the brookings institution joins us. good to see you. >> it is good to come together against false balance. >> i actually want sku something, e.j.-b the business community on this. you've had this big group of ceos, fix the debt, which schultz is a part of. early on it seemed they were going to exert a lot of influence and they've not actually seemed that powerful and certainly not that powerful in moving the republican party. why do you think that is? >> you know, i think that the business community never acts as a unified block. there are lots of pieces of it. secondly, the business community over the last 20, 25 years has moved to the right of where the business community used to be. in some ways you can see that in the political views of george romney versus the political views of mitt romney. and third, i think that in the republican house conference john boehner is far more worried about 35 to 70 of his most right-wing members for now anyway, especially going up to the vote on january 3rd for speaker than he is abo

let us bring in alice, senior fellow at the brookings institution as well as andy roth vp for government affairs at the club for growth. alice, good to see you again. you hate the debt limit in general. how come? >> i think the debt limit is just a silly thing to have. when you decide how much you're going to spend and how much you're going to raise in revenues, the difference between those two numbers is what you have to borrow. so you have to borrow it, after you've made those decisions. having a debt limit is just handing a tool to whoever is in the white house to harass the president every time it becomes necessary to raise the debt level. it's like saying we've run up all these bills on the credit card but we've decided not to pay it. >> i apologize, i thought you had finished there,al eggs. do you like having a debt limit and do you support raising it? >> dr. rivlin makes a good point. we're dealing with washington here. this is not common sense. we're dealing with politicians whose main objective almost every time they are confronted with a problem is to kick the can down the road

and daniel federal reserve governor speaking at the brookings institution tomorrow. >> we will be watchingthat. what will move our money tomorrow? >> we are watching the vix. i think the vix is the most important. we are going to move every time the paulstitioliticians get on start flirting with each other. the vix climbs near 18. >> we'll watch the vix for any indication of that. thanks gentleman. we appreciate it. we will see you tomorrow. thanks very much. >>> up next just 28 days until we hit the fiscal cliff. my observation on what the goal in washington should be to avert the biggest crisis facing our nation and it could be self inflicted next. having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they w

america says he does not believe everyone should own a home, that's what he told a panel at the brookings institute today. as the economy and housing recovery face the possibility of going over the fiscal cliff, brian moynihan told me going back to the summer of last year that businesses like his were already affected by the fiscal cliff and they have acted less aggressively as such. as for consumers, however, he does not believe that the mortgage interest deduction will fall victim to the cliff, at least not yet. >> i don't know if it's on the table or not. i think from person -- from general consumers you'd rather have that come up as a discussion of what to do long term to change the way, broaden the base, change deductions, things like that. >> and he told me that he just doesn't think lawmakers want to change the mortgage interest deduction now given how tenuous the housing market is. some of that recovery is thanks to the major mortgage settlements forcing principal reductions and short sales. bank of america has so far wiped out $7 billion in mortgage principal balance. i asked if that would

and fiona hill-- a senior fellow at the brookings institution who recently served as the national intelligenceicer for russia at the national intelligence council. her upcoming book is titled "mr. putin: operative in the kremlin." welcome to you both. fiona hill, is this even about adopted children at all or is this about a more confrontational stance towards the united states? >> well, it is now about adopted children which, of course, the story makes very clear. but it's come out of really campaign politics on both sides of the united states and in russia. mr. putin first actually survived a bruising campaign to become president again in spite of the fact that everybody saw him as a shoe-in and as part of that campaign he did ratchet up anti-american sentiment. he blamed protests that took place around the elections for the russian parliament and around the presidential elections, many thousands of people out in the streets in moscow and elsewhere, he blamed those on the u.s. support. he's taken punitive action against u.s. n.g.o.s. he's declared many non-governmental organizations in russia