john mccain and carl levin teamed up and strip that money from the defense spending bill.ne. >> it appears so. this was the big fight, to keep this open. now it seems this particular spending bill will not have any more money for f-22s. jon: speaking of the military, we will see a bold move and afghanistan. the pentagon is sending thousands of troops to help with major initiatives to drive the taliban out. recruiting efforts and reasons behind it. also, a first look at live pictures from the event about to get underway a rose garden. we're pretty sight there at the white house. we're waiting for the president to address all of us about health care. after he speaks to the media he will be meeting with some democrats who are opposed and have plenty of concerns about plans circulating capitol hill. you have questions. who can give you the financial advice you need? where will you find the stability and resources to keep you ahead of this rapidly evolving world? these are tough questions. that's why we brought together two of the most powerful names in the industry. introducin

white house today that these clunker deals will be honored until otherwise noted, today, senator carl levin suggested people ought to get in and buy their cars because some estimate at this rate, the additional money might only last another week or two, elizabeth. >> david muir, thanks. >>> in other economic news, the nation's economy posted a negative 1% annual growth rate for the second quarter of the year. that's actually good. economists had projected the number would be worst. wall street was happy. the dow jones industrials closed up with a total gain for the month of 725 points, making this the best month in nearly seveniseven years. the nasdaq was up nearly 8%, making this the best july since 1997. here's betsy stark. >> reporter: it has been signaling all month, the worst recession since the great depression may be over. >> it's like earlier in the hour, we jumped out of a plane, now we have the parachute and we're gliding down. >> reporter: today marks four consecutive quarters of negative growth for the u.s. economy, which hasn't happened in more than 60 years. but today's improv

of other elected officials and i just want to thank them -- a couple of people who are missing, carl levin, who is doing great work -- he's in the senate right now fighting on behalf of a bill to make sure that we're not loading up a bunch of necessary defense spending with unnecessary defense spending. he's the point person on it. the only reason he's not here is because he is working alongside the administration to get this bill done. please give him a big round of applause. [applause] >> congressman sandy levin, also working hard on your behalf each and every day but is not here today. [applause] >> i want to go ahead and acknowledge the new mayor, since he's the new mayor, mayor dave bing, a great ball player. [applause] >> my game is a little like dave bing's except i don't have the jump shot or the speed or the ball-handling skills. or the endurance. i also don't have the afro. don't think i forgot that, dave. i remember. i remember that. i also want to acknowledge that we've got the executive director of the white house council on auto communities and workers who's working hard, has

am alignment, president mccain took president obama's side an teamed up with democratic senator carl levin to introduce the amendment that halted funding of 7 additional f-220's that the pentagon says it doesn't need. >> it really boils down to whether we're going to continue the business as usual of once a weapons system gets into full p production it never dies, or whether we're going to take the necessary steps to really e form the acquisition process. >> critics say the planes are roop overpriced, between -- are overpriced, between $130 million and $150 million a piece and the money would be better spent on the f-35, a fighter plane that could be used by all the armed services but democratic and republican lawmakers from the 44 states where lockheed martin and boeing make parts for the f-22 argue that 24,000 jobs will be lost, especially in player yet that, georgia. sh especially in marietta, georgia. >> if they lobbied on this issue and this was spent, it would be a dollar we can't spend for troops or prepare for future threats or protect the american people. >> the senate continued t

the chairman carl levin and john hester both voted for the bailout of fannie and freddie.oing after the investment bank is just tin evidentable. >> come on, if there are banks that are committing mortgage fraud when americans' money is at stake. don't you think that lawmakers absolutely have a pa rogtive to get to the bottom of it? >> i do, but it is an investigation into what happened in the past. >> if we saw it in the past, then we don't need to follow-up? >> john edwards is talking about shady mortgage deals and then we find out he had ties to fortress. this is a game they have been playing for a long time. the fact they are moving on to this and hopefully spending less time on health care is for the better for american taxpayers. >> i understand you are saying tongue and cheek, but it is hard for me to understand how any of these things could be criminal. they are talking about having doubt about the soundness of the mortgage-backed securities they were putting out there. it was a gamble one way or the other. how does fraud really play into that? >> well, i think the

amendment to the defense authorization bill offered by the top senators on the armed services committee carl levinnd john mccain to cut funding for the plane which is manufactured or subcontracted in 44 states. the stakes were raised by the president's promise to veto any bill with extra f-22 money. a message reinforced in strong terms by secretary gates in a speech last week in chicago. >> where do we draw the line? and if not now when? if we can't get this right, what on earth can we get right? it is time to draw the line on doing defense business as usual. >> reporter: gates vehemence was echoed today by senator levin. >> if not now when? if not now when? when will we end production of a weapons system if not now when you have both president obama and president bush trying to end it, secretaries of defense trying to end it, chairman of the joint chiefs trying to end the production of the f-22. we must now do the sensible thing. >> reporter: the amendment fight led to cross-aisle coalitions of senators who often are at odds. georgia republican saxby chambliss led the charge for the funding. lock

i worked with carl levin. i'm finished with them.ou guys need to do something fast because this is an attack on our first amendment and freedom of speech, make a call at hate bill and whatever they want, it just flat out fascism. host: we have to leave it there. guest: as i'm a reporter i cover those issues, but it is not something i report on and write about. host: we will have to live there. thank you for being here. back in a minute to talk to wade henderson who will be testifying on behalf of sonia sotomayor letter this week. but first, a clip from tuesday's confirmation hearing before the senate judiciary committee. >> i gave a variant of my speech to a variety of different groups. most often to groups of women lawyers or to groups, most particularly, young, latino and lawyers and students. as my speech made clear in one of the quotes that you referenced, i was trying to inspire them to believe that their life in sperry says would and reached the legal system -- life experiences would reach what -- would enrich the legal system.

you'll hear first from arm services committee leaders, senators john mccain and carl levin who oppose continued funding for the plane. and in a half hour, senators chris dodd and johnny eyes eyes -- >> i'm pleased to bring s1390 the national defense authorization act for fiscal year 2010. to the senate floor. this bill will fully fund the fiscal year 2010 budget request of $680 billion for national security activities in the department of defense and the department of energy. the senate arms services committee has a long tradition of setting aside partisanship and working together in the interest of the national defense. this year follows that tradition. i'm pleased that s.1390 was presented to the senate on a unanimous, 26-0 to the committee. this stands to the common commitment of all of our members in supporting our men and women in uniform. i particularly want to thank senator mccain our ranking minority member for his strong support throughout the committee process and, of course, for the dedication that he has shown to the national defense throughout his senate career. earlier t

defense issues because he had a very strong bidault put a personal letter to senator john mccain and carl levin, and the office of management and budget followed up a couple of days later with a reiteration that they would veto a bill that contained f-22 money. host: there are significant members of congress champing -- championing the building. caller: this adds -- has been going on for several years but late 2007, kennedy, john kerry, dianne feinstein, and others, urged then secretary gates under the bush administration to continue line. what is happening as lockheed is coming to the end of a three- year contract. it is coming at a time the nation is in recession, unemployment is at record highs and members are scared. unions are coming together working with other defense companies to lobby and one wonders whether that bipartisan members may not steamroll obama and mr. gates and a matter how strong his veteran is -- host: where it built? caller: marietta, ga., assembled there. but chicago-based boeing builds parts of the fuselage in washington state. the radar is partially built up in massach

a couple of people who are missing, carl levin, who is doing great work. in the senate right now fighting on behalf of a bill to make sure that we're not loading up a bunch of necessary defense spending with unnecessary defense spending. he's the point person on it. the only reason he's not here is because he is working alongside the administration to get this bill done. please give him a big round of applause. >> congressman sandy leveane also working hard on your behalf each and every day, but is not here today. i want to go ahead and acknowledge the new mayor, mayor dave bing. great ball player. my game's a little like dave bing's. exempt i don't have the jump shot or the speed or the ball handling skills. or the endurance. also don't have the afro. don't think i forgot that, dave. i remember. i remember that. i also want to acknowledge that we've got the executive director of the white house council on auto communities and workers who's working hard, has a direct line to me each and every day, he's traveling constantly back here. ed montgomery. please

i have great admiration for carl levin and john mccain, but there are serious problems with this approachthat we're taking, both from a national security standpoint as well as from a manufacturing and industrial base standpoint. just to put this in context for our colleagues, we're being asked here to authorize $1.75 billion. that's .2% of the budget buffs of $680 billion. we're told there are at least 25,000 direct jobs and 95,000 direct and indirect jobs at stake. but $1.75 billion, .2% of this budget, which senator chambliss has offset, by the way. is he it is not an expenditure that has not been accounted for. we're counting for t and we're about to put that many jobs across our country at risk, not because this industry is in trouble, unlike the automobile industry, which we bailed out to the tune of $63 billion, by the way, and understanding the reason that many of us supported it was of course to maintain an industrial base, a manufacturing base. in this case, we lead the world in aerospace. no one even close to the ability of the united states to produce the most sophisticated air

carl levin of michigan is the chairman.wo and half hours. >> been morning everybody, the committee meets today to consider the important issue of military commissions and to try leavitt detainees for violations of the law of war. on june 25th the committee unanimously voted to include a provision and military commissions. the national defense authorization act briscoe year 2010. this bill has now been sent to the full senate for its consideration. i think our ranking member senator mccain as well as senator gramm of the members of the committee for their work on this important matter. in its 2006 decision in the hamdan case the supreme court held that, article three of the geneva conventions prohibits of the trauma of detainees for violations of the law of war and thus the trial is conducted quote, by air regularly constituted court affording all of the judicial guarantees which are recognized as indispensable by civilized peoples. the court concluded that the rank of their military courts in our system are the courts marti

president, first of all, let me begin where i did a few moments ago and that is my great respect for carl levinohn mccain and their work in this area and let me begin with a point that my friend from arizona made. there's nothing more important than the national security of our nation and it's that argument that brings those to the side of the table in support of this program in opposition to this amendment. this program is a critically important program to maintain superiority, not parity but superiority which has always been our goal in protecting our national security interests. it was the very pentagon itself which advocated that we move forward with this program only 36 months ago. now, obviously, people can change their minds. but over the months when they're preparing for the needs of our nation, it was the commission and the future of aerospace authorized by this congress which concluded the following, madam president. they said and i quote them that the nation immediately reversed the decline of scientifically and aerospace work force adding and i quote the breakdown of america's intel

carl levin of michigan is the chairman. this is about two hours. >> good morning, everybody. the committee meets today to consider the important issue of military commissions. and the trial of detainees for violations of the law of war. on june 25, the committee unanimously voted to include a provision on military commissions in the national defense authorization act for fiscal year 2010. this bill has now been sent to the full is senate for its consideration. i think our -- thank our ranking member, senator mccain, as well as senator graham, and all the members of the committee for their work on this important matter. in its 2006 decision in the hamden case, the supreme court held that common article three of the geneva conventions prohibits the trial of detainees for violations of the law of war unless the trial is conducted, quote, by a regularly constituted court affording all of the judicial guarantees which are recognized as indispensable by civilized peoples, closed quote. the court concluded that, quote, the regular military courts in our system are -- or the courts m

dodd: let me begin with my great respect for carl levin and jock mccain and their work in this area. there is nothing more important than the national security of our nation. it is that argument that brings those of us on this side of the table in opposition to this amendment. this program is a critical important program to maintain superiority. not parity, but superiority, which has always been our goal in protecting our national security interests. it was a very pentagon itself which advocated that we move forward with this program only 36 months ago. obviously people can change their minds. but over the months when they are preparing for the needs of our nation, it was the commission and the future of aerospace authorized by this congress which concluded the following, madam president. they said -- and i quote -- "that the nation immediately reverse the decline and promote the growth of scientifically and technologically trained u.s. aerospace workforce. adding that the breakdown of america's intellectual and industrial capacity is a threat to national security and our capability

carl is with us. >> we're on the way. a show of political power players today. our guest host, former new york mayor rudy giuliani, we'll talk politics, health care, taxes and baseball. randy levinill talk to us about tourism and consumer spending at the ballpark. and u.s. states at the front lines of the financial crisis. pennsylvania governor ed rendell will drop by and we will check in with the man who wants to be new jersey's governor, chris christie trying to unseat jon corzine. the economy the biggest issue on the campaign trail. from wall street to washington, we will cover the issues of the morning with famed business leader steve forbes. we begin at the top of the hour. may i say you looked fantastic yesterday, fascinating to watch all of those stadiums go up. 2012 will be exciting. >> it is. it is. we had the british summer weath weather, rain for everybody. >> yes. >> was good, just to get you prepared for that. >> we will hit the pubs, you know that. >> yeah. that's part of the training, the intense olympic training. >> oh, teach me, oh wise one. >> grasshopper, i will. carl, look forward to it. >> all right. >> boy does that sound like trouble. we still have more on

i have great respect for carl levin. he's one of my dearest friends. as chairman of the committee. john mccain, who is the ranking republican on the committee, and others, my colleague, joe lieberman serves on this committee, the armed services committee, and many others who've worked hard i know on the defense authorization bill. and one of the matters that is going to be a subject of some debate, as i mentioned, is the consideration of the f-22, the additional fighters that are -- have been voted on by the committee. a narrow vote, a 13-11 vote i'm told in the committee and that now senator levin and senator mccain will be offering -- or have offered an amendment that will strike the $1.7 billion for these additional aircraft. and i want to address that subject matter. my state is going to be adversely affected, somewhere between 2,000 and 3,000 jobs will be lost if this amendment carries. and obviously that's of great concern to us in connecticut. it's an argument i would hope would have some weight with our colleagues. we're all faced with these matters from time to time. but i