wednesday you blame carl levin? >> i do. i don't think it is carl levin.i think it is in an ornament -- it is an inordinate amount of confusion and people are still afraid. >> it is going to be a really interesting our here. a lot of things centered around -- what do we do with all this cash? scarlet fu has company news. >> state politicians are targeting google blast. lawmakers have introduced bills to ban or limit the use of the glasses by drivers. politicians are worried about drivers watching videos or other contents while behind the wheel. tobal has hired a lobbyists make its -- google has hired lobbyists to make its case. employees, a1,212 .7% drop. the last time the workforce shrank was back in 2002. the employee reduction comes as ibm tries to break a string of seven straight quarters of falling sales. and morgan stanley agrees to pay $275 million to settle an investigation into the subprime mortgage backed securities back in 2007. the proposed settlement with the sec, which still needs to approve the agreement. that is today's company news. of cou

any time soon as senator carl levin put it apple sought the holy grail of top tax avoidance it has created offshore entities holding tens of billions of dollars while claiming to be a tax resident nowhere course apple isn't the only giant corporation hiding billions of dollars overseas hundreds of corporations are exploiting these same corporate tax loopholes to avoid paying taxes to our own government report from citizens for tax justice found that thirty corporations on the fortune five hundred list each paid zero income taxes between. two thousand and eight two thousand and ten even though they made over one hundred and eighty billion dollars collectively . what if we close those loopholes shut down the offshore banking operations and forced corporations to pay taxes on all of their profits that they earn here in this country according to stop tax haven abuse act proposed last september by senators carl levin mark baggage sheldon whitehouse and jeanne shaheen closing offshore corporate tax loopholes would provide nearly two hundred and twenty billion dollars in additional tax revenues o

that was quite enough for senator carl levin.listen to what he had to say. >> for me, the bottom line is that your bank is a bank that really wants to be seen as a reformed bank. in your opening statement you laid out the reforms you had made. so, that is something that is important to you. thedo not want to be in dirty business any longer of helping u.s. clients cheat on their taxes. you ares important, if going to really be a reformed bank, you have got to acknowledge what is clear in our report, that the wrongdoing went beyond a small group of local bankers. >> that was the one major split throughout the hearing. senator carl levin said that as many as 1800 employees knew about this. dugan never swayed from where he was, saying it was a small number of people and no executives ever knew about it. >> the hearing is not over. the committee is hearing from top officials right now. do we have any idea where the justice department's investigation really stands? >> that is the interesting point right now, trish. there is an ongoing

>> senator carl levin has a great way of making even the most unflappable of individuals get really nervousery long piece about the committee staff and senator levin, and his ability to back people into a corner with them not really recognizing it and then hitting them with a key question that puts them in a really bad position to make some -- and make them give a bad, negative answer is one of his best attributes. what brady dougan has to look that is those second and third follow-up questions. if he can't avoid that, he will find himself in trouble. the one unflappable as and only hans nichols says he is, he should be able to navigate around that, but that is the key question today. >> he is the one and only hans nichols. hans, how closely our people in switzerland or bankers in europe watching this? >> very closely. , which hadhe bank their annual press conference a couple days ago, to credit suisse, to ubs come everybody understands the regulatory powers and the regulatory regime . in brussels and frankfurt and washington, they know they have to deal with this. it is as certain as the p

when we were watching carl levin, they want names, details, they want to get to the bottom of this.e guys on the hot seat -- >> look, there were some rogue private bankers, and that division has been dismissed, that people lost their jobs and this bank -- this bank will abide by u.s. law. the issue here, though, and evan can talk more about this. the issue here, these bankers, swiss law and american law are at odds sometimes about bank secrecy in switzerland. and that seems to be part of the issue. >> worried about being indicted in switzerland? >> some of these accounts were 30,000 and 7 $5,000. i was thinking some of these were huge, huge accounts. that. >> sounds small -- not to normal people, but these kinds of people, that's nothing. >> some of the scrutiny has brought in people out of the woodwork, who have been self-reporting that they had these accounts they weren't paying taxes on so they could make sure they don't get in trouble with the u.s. government. >> so evan, you know, the poor credit suisse folks, they're getting it on the chin today, front and center of the head l

which is why last week which senator carl levin of michigan tried to hold a hearing on the topic the white house did did not allow c.i.a. officials to april tend and did not give security clearances for those briefed on drones. because apparently the first step to to quote from whitman, "you are here." "that life exists and identity." "that the powerful play goes on, and you may contribute a verse." "that the powerful play goes on, and you may contribute a verse." what will your verse be? who feel like there's a brick on their face. who are so congested, it feels like the walls are closing in. ♪ who are so stuffed up, they feel like they're under water. try zyrtec-d® to powerfully clear your blocked nose and relieve your other allergy symptoms... so you can breathe easier all day. zyrtec-d®. find it at the pharmacy counter. [cheers and applause] >> jon: welcome back. now by hosting this year's winter olympics shall russia meant to show the world it is now a 21st century power. long gone are the days of fur behatting whipping dissidents in the street. no one informed them as they coll

the hearings will be lead by senator carl levin. bankers from swiss based u-b-s are expected to testify. last may, levin was in charge of a hearing on apple's tax practices. still to come: one trader plots an exit strategy for a grocery stock... plus... warner brothers wins big on the movie that kids like, but adults love. and are employees at their breaking point?? protest galore are coming up after this break! while walmart announces that it's looking at supporting a hike in the minimum wage, the latest piece of ammunition in the battle---has the congressional budget office taking cover from democrats and praise from republicans. our cover story takes a closer look at the c-b-o's numbers. the non-partisan congressional budget office is facing criticism of its calculations that raising the minimum wage to ten dollars, ten cents an hour could cost a half-million jobs...a decrease in total employment. "i want to know what sort of methodology they used..." members of the white house council of economic advisors said "zero is a perfect

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was not the bureaucracy, it was coming from politicians, specifically democratic senator carl levin onhe hill. >> the irs issued new draft regulations on c-4s that are nonprofit groups that can participate in politics as long as their effort doesn't exceed 25%. this rule created a lot of controversy. i think it's 20,000 comments, the vast majority of the negative against this draft rule. republicans asked the irs' new chief to withdraw that regulation. is that going to happen? >> at the moment, he talked in front of this committee hearing this week. did he not give any assurances he was going to withdraw it. what these regulations do is formalize the targeting that came out last year. it will silence the white house's political opponents that work in the 501c-4 area. it is causing enormous outrage. what also caused outrage, house ways and means chairman, because they claim these regulations were the result of the confusion, they put these out to clear up the confusion, begin we know they were being worked on years ago, that appears to be a falsehood, the argument for why these regulati

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he faces two tough interrogators , carl levin and john mccain. levin gave us a taste of what he is going to say. he put out a statement saying they owe uncle sam. they owe the people of the united states. we are talking about 22,000 accounts potentially set up by u.s. citizens. that means lost revenue of around 85% to 95%. the numbers don't make sense. did the bank know about it? was there a culture of secrecy? the justice department doesn't come across great on this. the justice department's number, $4 billion. that is how much they thought was stashed away here. says itte committee could be as high as $12 billion. >> you almost wonder whether brady dougan is going to be the main event this afternoon, whether or not the investigation will take center stage. the justice department doesn't come out of this well. what happens next for the sec? a possible program as well? >> the sec is looking into it. it appears it is based off of the information in the senate report. senate committees make great theater. i am not taking away from senate committee

our great senior senator carl levin and gary peters, we thank them. [applause] our president pro tem of the united states senate, former chair of the committee, patrick leahy. [applause] the senior senator from minnesota, amy klobuchar, congresswoman from ohio and chair of the congressional black congress -- of the congressional black caucus marcia fudge. [applause] and the congressman from texas. we are so glad you are here. this is a bipartisan jobs bill that makes sure 16 million people who worked in agriculture from michigan to mississippi to ohio to texas and everywhere in between have the support they need to provide food for all of us. what you may not know is this is an export bill that will help extend opportunities. it is one of the few areas we have a trade surplus. this is a research bill that will allow us to find solutions to past disease issues and innovation for the future. this is also an energy bill. it will also create the next generation of biofuels and help farmers and small businesses generate their own power to improve energy ef

interviewers.ough john mccain, carl levin. they owe uncle sam and the people of the united states.e bank is arctic paid 197 million, but the question is, how much more? it is almost as critical on the u.s. department of justice for not doing more to prosecute and pro. the figure that the justice department was using -- $4 billion in hidden account. as senate is saying as high $12 billion at a certain point. the discrepancies in these numbers, that is what they are going to get out. the details are too salacious. it will be a tough day for brady dougan. even tougher than when you were growing him. >> i don't think he will be willing -- word too much -- worried too much about my growing. off,umbers you just read 1800 bankers, quiet rooms where they do business, elevators with no monikers on the. secegs the question, the may get involved in a pro. it takes on a whole new meaning at that level, doesn't it? >> the sec is obviously much more aggressive now under mary jo white. senate reports are usually bad for public relations. you get the up and drag in the mud. they actually have very

congressional investigation led by senators john mccain and carl levin is about to blow the lid off of a report how some of the wealthiest americans hid billions of dollars from the irs, all in thousands of secret swiss bank accounts. but the report doesn't just go after the swiss banks. it goes after the federal government itself for its role in the scandal. fox business senior washington correspondent peter barnes is here with more. peter? >> hey, gerri. that's right. senate investigators are alleging swiss banking giant credit suisse went to extreme lengths to help wealthy americans evade u.s. taxes and wants the justice department to more aggressively go after swiss banks and american tax dodgers. senate permanent subcommittee on investigations, said at its peak credit suisse serviced more than 22,000 u.s. customers and data from the bank suggest that is the vast majority of these accounts were undeclared to the internal revenue service. the accounts held 10 to $12 billion. the findings were releesed in 175-page bipartisan subcommittee report after after a two-year investigation in

so you use the regulatory regime and we also know that it was former senator carl levin and schumer whoing this in the first race. this whole matter is nothing but politics and to stifle one side of the debate and you mentiooed the scripts. all of them received their tax exempt status and that is not the case for the conservative groups. neil: what conservative groups oppose that? >> right now about 40 of them. there's still an overwhelming majority. and i think that there are 283 cases out there. most of them still do not have clients that are waiting 3.5 years and the irs basically is institutionally incapable of moving forward because they are trying to go through this rule change. we are filing a motion response to the government today in federal court. neil: that's amazing. and they were handing out bonuses and increasing their budgets back of course. and we are paying for it don't thank you so much. >> thank you so you want to do here the one about apple moving its headquarters to texas? why the lone star state is trying its darndest to make it silicon valley it it sillg asked peo

they spent a million against representative gary peters who's running for retiring senator carl levin's seat in michigan. today they announced a $610,000 ad by against the very vulnerable democrat mark pryor for his support of obamacare. here's the problem with the flood of big money. it is going largely unanswered by democrats. the "post" reports afp sent over $1.7 million so far on ads just against senator mary landrieu. senate majority pac spent less than $650,000. americans for prosperity spent $7.2 million, a staggering number, running ads against incumbent senator kay hagan in north carolina. democratic superpac spent only $1.4 million in her race, less than a quarter of what afp has spent. yesterday the democrats' biggest superpac priorities usa announced they would be sitting out midterms. every year, and every election cycle since citizens united, we have seen new frontiers of big money open up. we have watched donors get increasingly more innovative. in this case early in how and when they pump money into races. 2012, with the obama fund-raising juggernaut in place, things cam

carl levin said the bank's actions were right out of a james bond field and helped them hide billions from the irs. currently their investigating credit suisse for offshore. >> is it reads like a spy novel. some of those monies into the bank vaults. >> i don't remember the bond film that was specifically about accounting. >>> irs commissioner john cosco will discuss about funds in the irs being aloe indicated including bonuses to employees. he's maintained that bonuses are needed to retain and attract good employees. the commission will also face questions about the agency's accused targeting of tea party groups. >>> president obama is taking his year of action message on the road today. he'll be in st. paul, minnesota, pitching the economic plan spelled out in his state of the union address. the president has been able to focus on transportation issues at st. paul's union depot. announcing new competition, encouraging investments to create jobs and restore infrastructure. >>> today, house democrats are set to kick off their efforts to raise the minimum wage. the president and democra

the case was the most recent study done by carl levin in the senate. what is your view on following the money fax >> i completely agree with the current federal effort to try to get at the sources of the financing. that is hard to do. i never say anything like money is the lifeblood of terrorism or that with cutting off the money supply we can strangle terrorism. i think that is a grows statement and politicians should never say that. it's like being elected to the job of the mayor of the city and to say i'm never going to end crime and if you come back in years you will want to reelect me. we wouldn't want to be deleted or should we. terrorism is important and it's one of the things you have to have some money but it doesn't take much to have been in the westgate mall attack in west kenya for example. something like that can be quite cheap. so it can be an elaborate process or it can be a very quick simple ugly thing like one man with a couple of machetes outside of the british army base in one did a couple months back. that's cheap terrorism summit i

. >> you were up against fierce opposition and chairman of the armed services committee, carl levin andwho do not want to follow your lead on taking the prosecution from military prosecutors. what are your best arguments on this as you try to marshall votes? >> we have more than half of the senate in agreement that this is a reform that's needed. if you listen to the victims and survivors, they will tell you the reason why only one of ten crimes are even reported because they don't trust the chain of command. that breach of trust has been broken and even head of the marines has said the reason why a female won't report, they don't trust us, don't trust the chain of command will do anything. we should reform the system in a way that creates accountability and makes sure justice is possible. that's how we see more prosecutions and more convictions and change the culture within the military. >> tell me about the victims survivors who are going to be testifying at your hearing tomorrow? >> tomorrow's hearing is unfortunately about a serious issue of suicide. the suicide rate among sexual as

but that drew a testy reaction from chairman carl levin of michigan. >> article 47 of the swiss banking banking secrecy provision, prohibits us from furnishing any client names to anyone within switzerland or outside of switzerland. and this is subject to imprisonment and fines. >> you come to this country and you're governed by this country's laws, by almost universally accepted law.ç and yet you hide behind the swiss law even though you're operating here. and that's just simply not going to cut it. >> woodruff: the report details what credit suisse allegedly did to help americans evade taxes and it also criticized the u.s. justice department for its role in prosecuting all this. gina chon of the financial times has been covering this story and was at today's hearing. >> welcome to the newshour, gina chon, first what did this report say these banks had been doing. >> well, it was a pretty scathing report it went into great detail about what senator leff inl-- levin called cloak-and-dagger tactics this they employed to basically help their clients hide tax a void u.s. taxes and hide as

i want to focus on a report that was released yesterday by senators carl levin and john mccain. a bipartisan report that chronicled how credit suisse helped thousands of u.s. americans e vad u.s. taxes by stashing their money in swiss banks. it highlighted abuse where's employees came to the bank to get recruits at golf tournaments and bank sponsored events by telling u.s. officials they were here for tourism. they set up special meeting rooms in airports. billions of dollars of u.s. taxes were dodged in the course of this with the help of the bank. it is doing business in the u.s. under the supervision of the federal reserve board. now, this report very thoroughfathoresearched for failing to prosecute or huge the lever at its disposal of a bank operating out of the u.s. senator levin rightly pointed out if the swiss bank doesn't want toer can't comply with u.s. law, maybe it shouldn't do business in the u.s. this case has reminders or echos of the hsbc case we saw just a year ago, flagrant vial lagszs through transactions carefully structured to keep u.s. officials out of the l

in the michigan senate race for the seat of the retiring carl levin, republican terry lynn, terry lynn lead now over congressman gary peters. according to a new epic mra poll. the michigan governor's race is at eight points now. republican governor rick snyder leads his democratic challenger by 47 to 39. it looks good for the rs in michigan. this could be a sweep problem here. we'll be right back. aflac. ♪ aflac, aflac, aflac! ♪ [ both sigh ] ♪ ugh! ♪ you told me he was good, dude. yeah he stinks at golf. but he was great at getting my claim paid fast. how fast? we'll be right back. wow. that's awesome. is that legal? big fat no. [ male announcer ] find out how fast aflac can pay you at aflac.com. [ blows whistle ] then spend your time chasing your point "b"... ...the war of 1812. [ bell rings ] you get to point "b", and sometimes things change. but your journey is not done. capella university is the most direct path to what's next, because our competency-based curriculum gives you what you need to move forward to your point "c". capella university. start your journey at capella.edu. t

the panel is chaired by senator carl levin. you know when he gets going what can happen saying credit suisse held more than 22,000 accounts for u.s. customers with assets aparentally valued between $10 billion and $12 aboutle. the majority of the accounts weren't reported for tax purposes to the irs. and the fed wants more information from troubled bitcoin exchange mt. gox, the "wall street journal" saying mt. gox received a subpoena from federal prosecutors in new york last month to preserve certain documents once the world's biggest bitcoin exchange mt. dpox has gone offline. the business is at a turning point, there's a lot of worry the entire business may be bankrupt and gone forever. the controversy surrounding mt. gox putting a lot of pressure on bitcoin prices, $597.75 is where things are trading now. that was a stock, almost like a stock, it's not a real currency sorry to say, joe. >> now you tell us. >> now. >> now you tell us. >> i am not a bitcoin fan. i believe electronic currency of some sort may flourish in some w

i was in the senate, a great public servant not just for your state but for the entire country, carl levin. he is always out there especially when it comes to our men and women in uniform. we are very proud of him. [applause] while we're at it, we have a couple of out-of-towners. pat leahy from vermont. there are a lot of dairy farms up there. and from minnesota. all that cold air is blowing from minnesota down into -- despite its name, the farm bill is not just about helping farmers. secretary volsack calls it a jobs bill, and innovation bill. infrastructure bill. a research bill. a conservation bill. it is like a swiss army knife. it is like mike trout, for those of you who know baseball. somebody who's got a lot of tools and multitasks. it is creating more good jobs, gives more americans a shot at opportunity and there are two big ways in which it does so. the farm bill lifts up our rural communities. over the past five years thanks to the hard work and know-how of america's farmers, we have had the strongest stretch of farm exports in our history. when i am traveling around the world,

the panel headed by carl levin is called from the justice department to force the bank to hand over the names of u.s. citizen good morning everybody. the permanent subcommittee on investigations will come to order. the american public is angry about offshore tax abuse, efforts by well-off americans to ebay to their u.s. tax obligations by hiding money offshore. at today's hearing follows up on a hearing that the subcommittee held five years ago in 2008 when we presented evidence that well-known international banks located in secrecy jurisdictions were deliberately hoping u.s. clients cheat on their taxes by opening offshore accounts never reported to the irs despite a u.s. law requiring the disclosure. the hearing focused in part on the largest bank in switzerland which at one time had 52,000 with customers with swiss accounts holding $18 billion of hidden assets, and which back then had a practice of sending swiss bankers wanted to u.s. soil to service the secret accounts. and on the first day of those hearings in a germanic animation, ubs acknowledged that the bankers had been up to a

i want to focus on a report that was released yesterday by senators carl levin and john mccain, a bipartisan report that chronicles how credit swiss helped wealthy americans evade taxes by stashing their money in swiss banks and highlighted flagrant abuses where employees of the bank came to seek clients at golf events and saying they were here for tourism. and set up rooms at airports and destroyed account statements that were being reviewed. billions of dollars of u.s. tax dollars were dodged and it is doing business in the u.s. under the supervision of the u.s. forward reserve board. this report very thoroughly researched, and it is critical of our own department of justice for failing to prosecute a bank operating in the u.s. the senator pointed out, if the swiss bank doesn't want to or comply with u.s. law maybe it shouldn't do business in the u.s. this case has reminders or echoes of the hsbc base we saw just a year ago, flagrant violations through transactions to keep u.s. officials out of the loop and once discovered an unwillingness by the bank regulators and the d.o.j. to held anyb

in your own agreement, i know carl levin tried to limit it to six months in meetings we had privately had in the white house but no, we wend up with an one-year agreement. we have an agreement, they stop in an area they already perfected. we allow them to continue on in earth areas to be able to deliver nuclear weapons. it is not even addressed by this interim deal. so you can understand there's a lot of concern. i hope today you will lay out clearly what the administration will accept as the end state. i hope that you will talk with us about it. and i hope that we'll figure out a way to cooperatively work together. maybe what congress should do is pass a piece of legislation that lays out clearly the only thing we will accept at the end. because, again, i think that there's concerns that members of the administration are negotiating towards rolling interim agreements. basically the agreement we have now, where we have the ability to monitor, and yet they dismantle something is actually the end state that some of the people and some within the administration would wish to achieve. i h

here is senator carl levin, the committee chair. >> the client was ushered in a remotely controlled elevatore room with white walls. the client opened the account after being told the bank did not require completion of the w-9. without that reform -- without that form, the account was not reported to u.s. authorities. >> but the second part of the hearing involved senators grilling justice department officials over why they haven't done more to get the names. they have only gotten 238 so far. justice officials said they were constrained by the dictates of swiss law and john mccain said the swiss government wasn't helping either. >> any real idea that the government of switzerland is cooperating with us is a joke, right? >> now, the one common theme from both parts of the hearing was there's an unratified tax treaty between the united states and switzerland that would make it easier for credit suisse to turn over some of the names to use authorities and get the taxes collected. reports say that that treaty is being held up on a hold by senator rand paul of kentucky. the question now is whethe

his retirement coupled with the retirement of carl lef -- levin means it will end 90 years. jon: government forces clash in venz rail a as violent protests continue there in the oil producing nation. a live report next. plus one driver with a really refuse commute this morning. we'll tell you what caused this. why do people count on sunsweet prune juice to stay fit on the inside? it's made only from prunes, nothing else. it works, simple as that. it's a natural source of fiber and 5 essential vitamins. it's the smart choice for me. try sunsweet's amazing juices and new amazing prune light. jenna: an accident shuts down part of the lower mississippi river. it's a 65 mile stretch and it remains closed at new orleans after a tug boat collides with a barge causing crude oil to spill out. luckily, no wuvens hurt in that accident that happened over the weekend but it's unclear how much oil leaked. crews now are trying to figure out what is going on with the oil and keep it from spreading downriver. jon: protests continue in venezuela. now the joiled protest leader urging supporter

carl levin laid some of that out in the opening statement today. here's senator levin. >> one u.s.zurich. the client was ushered into a remotely controlled elevator with no floor buttons and escorted to a bare room with white walls all dramatizing the bank's focus on secrecy. the client opened their account after being told the patching did not require completion of the w-9, without that form the account was not reported to u.s. authorities. >> now, of course, that's only part of it. you also have bank statements hidden in the pages of "sports illustrated" magazines, phony visa applications but, again, as i indicated this is not just targeting credit suisse it's targeting the obama justice department for not doing more to get the names of the 22,000 u.s. taxpayers. there's unusual force to this bipartisan investigation for this reason, democrats often get accused of going after financial institutions, going after wealthy people, but john mccain is there to provide republican credibility. republicans get accused of taking potshots at the obama administration but senator levin is a d

. >> so congressman peters is going for carl levins senate seat, but he's also calling her a liar for what she says when really the big lie is that if you like your plan, you can keep your plan. if you like your doctor, you can keep your doctor. she hasn't been able to do that. and not only is she having to deal with cancer, now she's also dealing with people calling her a liar. >> and peters' lawyer is calling her a liar and says she shouldn't be allowed to say these things in public. he's attempting to use the power of the federal government to crush her and her first amendment right to express herself. his lawyer sent this let tore a tv station that was considering running the ad, quote, we write regarding an advertisement with questionable claims sponsored by americans for prosperity that may be airing on your station. you have an obligation to, quote, protect the public from false, misleading or deceptive advertising, failure to prevent the airing of the false and misleading advertising maybe probative of an under lying abdication of licensee responsibility, that can be cause for

provisions of rule 1, paragraph 3, of the standing rules of the senate, i hereby appoint the honorable carl m. levin, a senator from the state of michigan, to perfom the duties of the chair. signed: patrick j. leahy, president pro tempore. the presiding officer: under the previous order, the senate stands adjourned l until 2 stands adjourned l until 2 >> senate returns for legislative work monday at 2 p.m. future. they will begin with the annual reading of george washington's farewell address. it would be but this year by angus king. in late afternoon 5 p.m. eastern senators began debate on several judicial nominations for connecticut, arkansas and california. follow the senate live here on c-span2. in washington today president obama is hosting the dalai lama at the white house over the objection of china which warned the meeting would inflict great damage is on the u.s. relationship with the asian nation. president obama greeted the tibetan spiritual leader of a half-hour ago at the white house of the white house did not announce the meeting into late thursday. the dalai lama is on his speaking to

democratic senator carl levin from michigan calls the plan a huge challenge. retiring congressman republican howard mckean of california says we're trying to solve the nation's financial problems on the backs of the military. delia goncalves is live near the pentagon with a look at the cuts and how deep they may go. delia? >> reporter: good morning, mike, andrea. secretary chuck hagel knows these changes are not pap lore but he does -- popular but he does say our military must adopt to the new war landscape and new war tactics. scaled back operations in afghanistan and iraq call for a leaner military, he says, focused on special operations and cyberwarfare. the department of defense will save $3.5 billion he says over five years by replacing the 40- year-old a-10 attack jet with more drones. the army will shrink to 450,000 soldiers. that's from 570,000. marines will decrease by 8,000. the cuts bring our armed services to pre-world war ii levels. >> we must now adapt, innovate difficult decisions to ensure our military remains ready and capable. our recommendat