senate armed services committee chair carl levin talking to reporters about u.s. military options in iraq after that. the irs commissioner testified before the house ways and means commission. representative dave camp of michigan chairs the committee. this portion of the hearing is 2.5 hours. [inaudible conversations]

this is senator carl levin and senator john mccain. this is the senate subcommittee on investigations. they dive into various issues, a squadron of investigators on staff there. today they will hear from brad katzyama of iex. they are also going to hear from thomas farley, president of the nyse. also joseph ratterman from bats global markets. obviously katsuyama had a lively debate on our air. they will testify on different panels. representatives of the vanguard group and td ameritrade. what the panel is focused on is payment for order flow. whether or not it's a conflict of interest for exchanges to pay brokers to steer trade toward their exchange even though brokers have an obligation under the rules to find best execution for clients.

year, a lot of the parochial interest took precedent ang to see what chairman mckeon and senator carl levin do. they are both retiring. this is the last. they often talk about the fact that this is the one bill that congress has done for the d two straight years -- for 52 straight years. >> the one thing that does strike me is that congress is always parochial about defense spending. this year th we put against afghanistan we will not reach a stable democratic society and it is time to cut losses. how focal is that contingent? >> it is fairly vocal and fairly widespread. people are not enthusiastic about the mission in afghanistan. there is no question about it. it does not get any traction. you're not going to win any votes about that. or syria. >> which argument of the iraq it has been a loud voice on the hill not only from republicans but democrats calling for this. >> echoing your question about systemic issues, the speaker suggested if he sets aside will like it to the core of what is going on? what needs to be done to solve the problem? example make? it has been a loud voice on the hi

it'll be interesting to see what chairman mckeon and senator carl levin do. they are both retiring. this is the last. they often talk about the fact that this is the one bill that congress has done for the d two straight years -- for 52 straight years. >> the one thing that does strike me is that congress is always parochial about defense spending. this year the air force wanted to retire the a-10 for very valid, stripped o -- strategic reasons. i think there's always that inanimate. i do not know that it will have a tremendous impact going for pure has -- going forward. >> there are some on capitol hill who are saying no matter how many resources we put against afghanistan we will not reach a stable democratic society and it is time to cut losses. how focal is that contingent? >> it is fairly vocal and fairly widespread. people are not enthusiastic about the mission in afghanistan. there is no question about it. it does not get any traction. you're not going to win any votes about that. he also mentioned iraq. that is spiraling more and more into chaos the readers after the united

now carl levin disagreed am -- i mean, there's some benefit to carl levin because that really made hims a senator. ,> and couldn't you have said bernie made off investors were not victims, they knew -- >> that was different. many were widows and orphans. >> we than waiting for a good case to come down. everybody has piled onto this. aw it seems like we have pretty good case. if you read through the complaint, there are some pretty bad e-mails like a lot of these wall street cases. it comes down to the fact that wall street might start embracing it can self polices up a little bit so we can root out some of the stuff going on at the banks. bottommately hurts the line and shareholders. >> is like a commercial dispute between very, very capable parties who can resolve -- >> we want to understand more of what is going on. >> and there are ways to do that. one, congress can investigate, the sec can hold hearings -- there are many ways to do this other than -- >> they don't -- >> on behalf of the attorney general protecting the hedge funds and mutual funds and pension funds who obviously --

. >> carl levin -- >> got to go. >> the best video you'll see all day features a young baseball fan hamminghe cameras but is it female announcer: time is running out to get the hottest deal on a new mattress. sleep train's 4th of july sale is ending soon. right now at sleep train, save $300 on beautyrest and posturepedic mattress sets. plus, pay no interest for 36 months on tempur-pedic and serta icomfort. big savings and interest-free financing? these deals aren't just hot... they're explosive! sleep train's 4th of july sale is ending soon. ♪ sleep train ♪ your ticket to a better night's sleep ♪ music. two stories about the so-called religion of peace. first a man in afghanistan converts to christianity now on the run and his family is targeted for death. they want to kill him for converting. second, miriam abraham who was being held in a sudanese jail for converting to christianity was re-arrested. there's a statement by c.a.r.e., they did come out and say that there was, they believe you should not make, religion would not advocate being in the religion. you have anything dana on this? >

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citizens united, weren't happy with the power of the tea party groups and wanted to stop it and carl levins to some of the very people in the senate that seem to have no outrage? >> we haven't been able to get total cooperation in this matter. i have to say that chairman widen, the chairman of the finance committee has been very good at trying to get to the bottom of this. on the other hand, face it, this is a mess. seems suspicious. >> when jp, month han a $6 billion error, boy, oh, boy, they all know, senator carl levin, they know how to do an investigation, extract the find, get to the bottom of it. why is not immunity thus far offered to lois lerner? makes no sense. does anybody on the hill really want to know the answer, senator? >> doggone right we want to know the answer and moist st of what do know is covered by 6103, so i can't really talk about it, but i was ready to put out our report, a bipartisan report with minority and majority views and then all of a sudden this happened and it's apparent we can't finish that report right away and we have to get to the bottom of some of the

. >> if they can't trust diane feinstein or carl levin, two of the best friends this white house has,here's a real problem. >> totally. >> thanks very much, gloria. if you want to read more of her column, go to cnn.com. >>> bowe bergdahl's recovery from years of captivity, could be a long and painful ordeal. the pentagon has specific guidelines how to deal with this trauma. brian todd standing by, he's got specifics. >>> the russian president takes a verbal jab at former secretary of state hillary clinton but his insult ended up offending a lot of women around the world. what's go on in the verbal battle between putin and clinton. let me ask you a question. if you've had chickenpox, what do you think the odds are of getting shingles? those odds are high enough. but add brand new belongings from nationwide insurance... ...and we'll replace destroyed or stolen items with brand-new versions. we take care of the heat, so you don't get burned. just another way we put members first, because we don't have shareholders. join the nation. ♪ nationwide is on your side ♪ that corporate trial by f

democratic senator carl levin said, he did say that congress was bipartisan then thinking it was a bad idea. the reality though, the white house only had to provide notice. they didn't need authorization. so it shouldn't as bill mentioned shouldn't the commander in chief have the ability to take quick action in a situation where it's believed that there's some urgency? >> you know there's a lot of questions about the time line here. and this has long been an administration that is very -- they preach transparency and practice on security. and this has -- o obscurity. probation that the executive is pursuing, that's one thing on the legal side. was it the 30-day notice that he session he had to wav waive it l had to happen so quickly, there is a formal and informal process that the national security briefs the gang of eight, it is not just a courtesy, but it is one of these things that makes washington work. where there's a trust between the executive ant the legislative side. in this case they could have made these calls and they could have given a time line. even today it is my unders

. >> next, carl levin talking with reporters about u.s. military options in iraq. after that, a chance to see a house ways and means committee on the investigation of the irs alleged target of conservative groups. >> american history tv is live from the civil war institute. you will hear historian peter carmichael on robert e lee followed by arizona state university brooke simpson. this weekend, on american history tv. >> the chair of the armed services committee, carl levin, told reporters he supports sending military advisers to assist iraq army against the militants but that he does not support air strikes against iraq. his remarks are 15 minutes. >> good morning. i support the strategy that president obama outlined yesterday and here's why. here's also the factors that i believe should govern our approach moving forward. the decision to send a small number of u.s. nonmilitary advisors is a prudent decision. they can help assess the situation on the ground, support iraqi efforts to defeat the islamic militants that iraq faces, and help iraqis make best use of th

we heard from carl levin, senate democrat, saying within the last hour, some of these things need to keep in mind, ashleigh, there is a great deal of caution on the part of this white house. this is a president who campa n campaigned getting the country out of iraq. >> let's listen in. >> to stop the insurgency in iraq? >> this is an area we have been wat watching. a lot of kern not just over the last couple days but over the last several months. we've been in close consultation with the iraqi government over the last year. we have been providing them additional assistance to try to address the problems they have in anbar and the northwestern portions of the country as well as the iraqi and syrian border. that includes in some cases military equipment. that includes intelligence assistance, it includes a whole host of issues. what we've seen over the last couple of days indicates iraq's going to need more help. it will need more help from us and it will need more help from the international community. so my team is working around the clock to identify how we can provide the most effe

carl levin has announced is he going to have a closed hearing next week.ing can can often lead to just about nothing. so you have already heard as john mccain said there has to be a full investigation. that's likely to be pushed for particularly hard. democrats are arguing that back in december of 2011. there were discussions in the on the hill with the administration and defense department talking about the obama administration's desire to start a reconciliation afghanistan and the taliban in order to bring american troops home and that at that time the possibility of a prisoner swap for as many as five taliban members and potentially even bergdahl was discussed. and then a month later, which would have put us in january of 2012, the defense authorization bill passed the house and senate and the president signed it but in so doing, bill, there was a signing statement attached to it wherein he essentially gave himself a loophole with that 30 day required window to notify congress of such a prisoner swap. so democrats say it was inappropriate and said to di

. >> carl levin, who chairs this committee, says there's a real question about how exchanges are handling this information. and raised questions about what ought to be done to reform all of this. really focusing on that question of whether or not these payments should be made at all, sue. >> eamon, thank you very much. bob pisani also working on the story. he scored the man behind some, brad cakatsuyama, in his starri role in the michael lewis book "flash boys." he created iex, a new trading platform. he joins us. >> brad, thanks for joining us. the hearing is just completed a few minutes ago. the second panel is now done. quite a lively panel. was there any consensus among the panel participants. >> you realize that, you know, across the industry people realize certain things need to change. the one word we kept hearing was transparency, disclosure, and that's something we support greatly. part of the problem is most people didn't even realize that a conflict existed, so the existence of this conflict creates conversation. it's our job in the industry to take that, move it forward and ad

terms of what happens next, carl levin says there will be a full briefing on tuesday. i think that will be a classified briefing ark closed briefing which means we, the public, will not have access to it but probably means senators will get new information. as we know they leak like zifs. the white house may release publicly the 90-second video they got from the taliban in december that apparently restarted the negotiations with the taliban about getting sergeant bergdahl home. despite fox news and the republican party trying to make this in to a scandal by treating it as one, it's interesting to see the white house and the administration broadly perrying the criticism, fighting with critics but not backing down on this at all. not stepping down an inch. the president insisting with some emotion today. i make no apologies. i think that's a signal where the administration stands on. this defense secretary hagel is in europe overlapping with the president's trip this week. he did an interview today with the bbc while in romania and he made clear that he, as defense secre

carl levin, the democratic chairman wants to keep it behind closed doors, but the republicans want it opened up to the public and they have a unlikely ally in senate majority leader harry reid who wants them public, and the white house is going to go ahead to hearings, so there is attention going to be paid between the house and the senate in a coming days. >> and bobby, in the magazine's explorations, is there any idea why it is bergdahl that they traded for? >> well, a number of theories, but hard to be definitive, but as you said earlier in the report with aymon, and he is responding to the treatment, and we will hear from him, and so i hope that we don't have to speculate much longer. >> thank you, bobby ghost a. and we continue to celebrate the 70th anniversary of d-day. the president recognizes those who died on the largest sea borseaborne invasion in history. more from the poignant ceremonies. >> and today, the job market has reach reached a momentum that they have apparently reached all of the jobs lost in the recession. all of that may not be cause for celebration. we will br

senate armed services committee chair carl levin talking to reporters about u.s. military options in iraq after that. the irs commissioner testified before the house ways and means

but the white house, they didn't thing they should notify dianne feinstein or carl levin or john boehnervant key leaders of the congress? >> that is what's really burning up members of congress. i was outsid the briefing, where they learned that 80 to 90 members of the administration knew at least something about this raid. and it still has got legs, this concept that they did, and yet members of congress weren't trusted. democrats, too, are saying this is just ridiculous, especially since, some point out rightly so, many of the leaks come from the administration, not from congress. having said all that, you are seeing a little bit more pushback from democrats on behalf of the white house today than you have in the past about the fact that there maybe wasn't enough time. there was just a day or two as these details and it is deal came together before it actually happened. >> it's a serious issue. i'm sure there's a lot of second -- hand-wringing going on right now in the administration. maybe they should have notified some members of congress about this deal, even though they anticipated

created the market, right, and then grew the market and then as you reported in the story and as carl levin's explored, they didn't say we're on both sides of this deal, buyer beware. they found the senate investigation found that these goldman trades were being offered to their customers who had no idea the bank was on the other side. >> and they even went, when they sold one couple billion dollars worth of this stuff, they said, we invested in it, right, to make the customers think that they had a stake in it. they put $6 million into it but bet $2 billion against it. so, i mean, it's -- >> when you say they bet against it, what they were doing is betting on the housing market crashing. >> that 's exactly right. once they put the entire economy in precarious situation, they bet that it was going to be a disaster. >> so why aren't people in jail for that? >> i mean, everybody talks about too big to fail. it's really too big to jail. goldman, one little hustle, they kind of paid a $500 million fine but it was one of those deals where you don't have to say you really did anything wrong. you ar

the senate armed services committee chaired by democrat carl levin is now planning a closed briefing with pentagon officials next tuesday about the bowe bergdahl transfer. meanwhile, the white house continues to strike a proud stance on its deal to swap five taliban gitmo detainees for a captured american soldier. >> the president stands by actions that he took as commander in chief to secure the release of the only member of the u.s. military held as a p.o.w. from either the iraq or afghanistan wars. it was absolutely the right thing to do. >> after five years in taliban captivity bowe bergdahl is currently in stable condition at a u.s. military hospital in germany. the five detainees are now in qatar, a u.s. ally that mediated this swap. the deal restricts them from returning to afghanistan for a year. now, controversy greeted the deal immediately, with accusations about process. could the president act alone here? as well as security. was this exchange worth the risk on future battlefields? even beyond those big questions, an honest discussion of our evolving conflict with al qaed

senator armed services committee chairman carl levin said we should be extremely cautious about taking anything beyond this step. chris murphy said he was willing to support the president, at least for now. >> many of us, who have been very skeptical about plans to intervene in the middle east in the past, i think will be open to listening to the president's case. it may be that a short-term limited engagement to help stand up the iraqi military makes sense. >> for more on what's happening on the ground, i'm joined my nbc's chief foreign correspondent, richard engel, live in baghdad. richard, i would assume that the iraqi government was not happy with the president's announcement because he seemed to make it clear he was more worried about counterterrorism than he was about propping up the maliki government. >> reporter: this government is deeply divided. as you saw that call today from the grand ayatollah, we're in a bit of a period of limb po in ts country. a couple of months ago there were elections, those elections have been certified and iraq is supposed to be having a new governm

. >> ifill: democratic senator carl levin of michigan came out of that same briefing, saying military leaders supported the prisoner swap. >> what the media has not carried, i think, is the critical question: do our top military uniformed leaders support this agreement, did they, were they involved in it, they assured me they were, and did they support it, they assured me they strongly support it because of the ethos of getting our people back. >> ifill: the house begins hearings on the bergdahl release tomorrow. defense secretary chuck hagel will testify before the armed services committee. >> woodruff: the house has voted unanimously to make it easier for veterans to get in to see doctors. the bill that passed today would pay for vets to get care outside the veterans affairs system, if they've had long waits or live more than 40 miles from a v.a. hospital. a similar bill is pending in the senate. >> ifill: crew members of the south korea ferry that sank in april appeared in court today, at an emotional hearing. relatives of the more than 300 who died in the sinking, wrestled with of

the white house has said, the administration said they would support senator carl levin's amendment thatefense to help provide more resources to train those forces, opposition forces in syria right now. but therein lies a problem, to not provide military support or too much military support that may be allied with al qaeda. they believe the only way to shift the balance of power is to support opposition forces in syria and hope it can swell throughout that region. >> peter alexander, thank you. congressman murphy, thank you. before we go to break, yesterday on this program one of the tapes we played had offensive and inappropriate language. we sincerely apologize for our mistake. (mother vo) when i was pregnant... i got more advice than i knew what to do with. what i needed was information i could trust on how to take care of me and my baby. luckily, unitedhealthcare has a simple program that helps moms stay on track with their doctors and get the right care and guidance-before and after the baby is born. simple is good right now. (anncr vo) innovations that work for you. that's health i

provisions of rule 1, paragraph 3, of the standing rules of the senate, i hereby appoint the honorable carl levin, a senator from the state of michigan, to perform the duties of the chair. signed: patrick j. leahy, president pro tempore. the presiding officer: under the previous order, the senate stands adjourned until 1:30 p.m. stands adjourned until 1:30 p.m. >> the senate is out of legislative session this the week of july 7th for the independence day recess period. live senate coverage when members return next week on c-span2. and live today at 4 p.m. eastern here on c-span2, chilean president michelle -- [inaudible] will be at the brookings institution. she's meeting with president obama this morning. >> you had broadcast tv and then cable came along, and then satellite. what if satellite had said, you know, we're different than cable. we have a slightly different technology, so we're going to take that and not consider ourselves to be what is in law called an nvpd. so we don't have to negotiate. but satellite didn't do that, and so why should aereo be able to come up with a different techno

knew what was going on, but the white house refused to trust someone like dianne feinstein, or carl levinte armed service committee. that's what irritates so many on the hill. >> no question about it, and when that news was given to members of the house last night, that 80 to 90 members of the administration knew and nobody in congress was told, it lit even more -- put more fuel on this fire. but i think that, you know, as i put in my piece and you have been reporting, a big part of the reason why they weren't told, it's pretty obvious, because there was bipartisan opposition to the idea. dianne feinstein, as you said, she certainly is a senior person, but she made very clear in a public way that she didn't like the idea, so why would the administration get pushback. >> that's why they didn't notify, because they didn't want to hear don't do it? >> my colleague, josh rogin, is the reporter that got that confirmation on the record, but i think this administration is very frustrated with what they see as a lot of leaks, not just on this, and realize in some ways there was information that s

and in fact, i'm joined with senator carl levin on this amendment, to have access to h.o.v. lanes for certain vehicles that are using natural gas. so that's one of them. the other one is an amendment number 3275, having to do with the fact that trucks, light trucks that ute natural gas, because of the additional weight of the equipment, we would give some leniency, up to 2,000 pounds, in terms of the total weight to allow them, encourage them to use compressed natural gas as opposed to fuel. those are two amendments when the time comes, that i just wanted to get into the record, that i will be proposing at that time. i thank the senator from maine for giving me a few minutes of her time. i yield the floor. ms. collins: mr. president? the presiding officer: the senator from maine. ms. collins: mr. president, i suggest the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: quorum call:

and, again, let me say how appreciative that i am personally of having worked with carl levin in this process and with the staff that has been so easy to work with and so competent and professional. mr. levin: if the senator would yield. the presiding officer: the senator from michigan. mr. levin: i want to thank senator grassley for his patience also. but let me just say that senator inhofe and his staff have worked extraordinarily well with us on this side of the aisle. it's a bipartisan bill. it's a bipartisan committee. and senator inhofe has helped in a very, very way to maintain this bipartisan tradition of our committee. i thank him for his remarks and i thank him and his staff and hope our colleagues to listen to what we are both are urging them to do. let us take a look at the amendments now instead of waiting and waiting and waiting, because if we look at amendments now, we increase our chances of getting this bill to the floor earlier rather than later. i thank the presiding officer and i yield the floor. mr. inhofe: i yield the floor. mr. grassley: mr. president? the presi

carl levin. [applause] >> thank you. good afternoon. congressional gold medal resolution that we are implementing today commemorates the ability of an inspiring couple, armed only with the righteousness of their cause. we all commemorate today the ledity of elected officials by president johnson. armed only with the desire for justice, to overcome the divisions of party, in order to help overcome the divisions of race. in october, 1960, martin luther king jr. road to his beloved t etta from a georgia prison away, where he had been hauled away in the night. this is what he said. i have the faith to believe this inessive suffering will some little way make america a better country. if the reverend and mrs. king could speak to us now, if our predecessors who passed the civil rights act could speak to us now, with a not challenge us to come together, across lines of party and geography, in a great cause, with a not encourage us, for example, to pass legislation restoring the protections of the voting rights act? [applause] would they not en

we know that senator schumer and carl levin may be there with the e-mails, but to lose these things wonderssomeone for not doing their job, do you have any right to expect them to do their job? government workers cannot be fired for not doing their job. malfeasance or misfeasance, and yet we keep expecting them to do stuff. they are there because the people who appointed them -- >> don't dispair. it's stored there forever. it's there, isn't it? call the nsa, send a copy of the e-mails. >> there's no privacy, operate like that. >> unless you're the government, i guess. where do you think the next 30 basis points are on base yields? >> going down, higher interest rates, kills the interest rate environment, it's all supply and demand. >> stay on stock, stay on treasuries? >> yes, sir. >> charles, thank you for talking to us. back to you. >> all right, rick, thank you so much. >>> when we come back, american apparel oust iing the founder a the ceo does not plan ongoing quietly. more on that after the break. [ male announcer ] it's one of the most amazing things we build and it doesn't even fly.

democrat senator carl levin of michigan is especially concerned. last week while the house shot down an amendment to close the the detention center, senator levin managed to pass a bill that would create a pass to close guantanamo bay. this bill would allow him to transfer the 150 detainees remaining to the u.s. where they would be kept as prisoners of war and get trials. but only if president obama submits a detailed plan to do so. don't expect anyone closely following the issues of guantanamo bay to feel optimistic. this is only the latest in multiple unsuccessful efforts to close the detention center. few would argue that it's free from serious concerns and human rights group like the aclu have been leading the charge for due process for the prisoners there for years. and yet the detention center and its problems persist. remember back in 2009 when the president signed an executive order to close gitmo in a year. and then when he used a national security speech to call for the closure. >> by any measure the cost of keeping it open far exceed the

but you all remember, sara, carl levin at this committee talking about goldman sachs and their lousyousy. we'll wait and see what he says. >> good point. thanks for bringing us that news. >>> meantime, intel is getting a nice pop after raising its second quarter guidance on the heels of an upgrade to even weight for morgan stanley citing a stronger pc picture. jon fortt, when was the last time you heard signs of a stronger pc picture? well, they've been talking about it pretty much for the past couple of quarters. intel stocks, meanwhile, is up about 6.5% today. a ten-year high. when we think about that, we have to think about what kind of betts people are placing. to put it in perspective, intel raised the top of its range about 500 million. the bottom of the range around $900 million. they said this is about the corporate pc refresh. that is stronger. keep in mind, a windows xp going out of style because the support is not there. intel says that was part of the reason why corporate was strong. last quarter where a consumer was not. they said they expect the consumer to be relativel

senator carl levin of michigan chairs the 2:45 minute event with senator john mccain of arizona serving as the ranking member. >> good morning, everybody. most americans' image of the u.s. stock market is shaped by a single room, the trading floor of the new york stock exchange, where traders await a ceremonial bell to kick off the day's activity, then trade shares worth millions on scraps of paper. in reality most shares are traded not on a floor in manhattan, but in racks of computer servers in new jersey. trades happen not at the speed of a human scribbling on paper, but in the milliseconds it takes for an order to travel through fiber opt sick cables. and increasingly the money made on stock markets comes not from thoroughly assessing companies for their investment potential, but for exploiting infinitesimal advantages at unfathomable speed. we are in the era of high-speed trading. i am troubled, as are many, by some of its hallmarks. it is an era of market instability. as we saw in the 2010 flash crash. which this subcommittee and the senate banks committee explored in a joint hear

provisions of rule 1, paragraph 3, of the standing rules of the senate, i hereby appoint the honorable carl levin, a senator from the state of michigan, to perform the duties of the chair. signed: patrick j. leahy, president pro tempore. the presiding officer: under the previous order, the senate stands adjourned until 1:30 p.m. stands adjourned until 1:30 p.m. >> the senate is out of legislative session this the week of july 7th for the independence day recess period. live senate

senator carl levin shares the 2:40 minute hearing. >> good morning. good morning everybody.ost american's image of the u.s. stock market is shaped by a single room. the trading floor of the new york stock exchange where traders await a ceremonial bell to kick off the day's activity and then trade shares worth millions on scraps of paper. in reality, most shares are traded not on a floor in manhattan but in racks of computer servers in new jerry. trades happen not at the speed of a human scribbling on paper but in the milliseconds it takes for an order owe travel through fiber optic cables. increasingly, the money made on stock markets comes not from thoroughly assessing companies for their investment potential but from exploiting little advantages at unfathomable speeds earning billions off price differences measured in pennies. we're in the era of high speed trading. i am troubled as are many by some of its hall marks. it is an era of market instability as we saw in the 2010 flash crash. this subcommittee and senate banking committee shared in a hearing. it is an era in whi

mccain: the wonderful courtesy of my friend, senator carl levin.next week, i will be traveling to india where i look forward to meeting with prime minister moti, his national security team and other indian leaders. i am excited to be returning to new delhi and i do so hopeful about what the prime minister's election could mean for the revitalization of india's economy and its rising power for the renewal of u.s.-india strategic partnership. national elections in india are always a remarkable affair. over several weeks, hundreds of millions of people peacefully elect their leaders. the largest exercise of democracy on the planet. but even by indian standards, the recent election that brought to power prime minister moti and his party, the b.j.p., was a landmark event. it was the first time in 30 years that one indian political party won enough seats to govern without forming a coalition with another party. this gives the prime minister a historic mandate for change which indians clearly crave. i want prime minister moti to succeed because i want ind

radio, >> carl levin told capitol hill reporters today that he supports the administration's plan to send advisers to iraq to assist the army against militants but would not support air strikes unless three conditions are met. first u.s. commanders must ensure him in the air be effective. second the airstrikes of must have brought support within iraq. and to the airstrikes must have the support from u.s. allies in the region. his remarks are under 20 minutes. >> good morning. i support the strategy that president obama outlined yesterday and here's why. here's also the factors that i believe should govern our approach moving forward. the decision to send a small number of u.s. nonmilitary advisors is a prudent decision. they can help assess the situation on the ground, support iraqi efforts to defeat the islamic militants that iraq faces, and help iraqis make best use of the ample intelligence support we are already providing. the president is right to say that u.s. troops will not return to ground combat in iraq. the president is also right to say that it is not our place to choose

senate armed services committee chair carl levin talking to reporters about u.s. military options in iraq after that. the irs commissioner testified before the house ways and means commission. representative dave camp of michigan chairs the committee. this portion of the hearing is 2.5 hours. [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] >> good morning. the committee will come to order. well, good morning. over three years ago this committee started asking the irs, was a targeting conservatives for the belief? wasn't asking groups inappropriate questions? was it harassing conservative donors? the irs assured this committee and even testified before congress time and time again that no targeting was occurring. then as we all recall one year ago when a signature new stuff, then head of exempt organizations at the irs lois lerner admitted to the american people that the irs targeted conservative organizatio

. >> senator, carl levin is suggesting washington is so paralyzed and he's suggesting we won't get real fact, has now proposed to try to prevent companies from performing the corporate inversions in the meantime. what do you make of that? >> it just won't work. it makes it even less competitive if you're an american company. so, i mean, i think that makes no sense because it's going to drive more companies off to work. how would that keep anheuser-busch from being purchased by a brazilian/belgian company? it makes our companies less competitive. right now the after tax profit of a foreign company is going to be better than ours. i had a company saying they're starting to do international work. they want to buy a company in korea. they're done with their negotiation. a german companies comes in and says, we'll pay 18% more whatever you negotiated. that's the reality. u.s. companies are constrained. you can't grow with this corporate tax. we're in danger of being targets for acquisition as we've seen. a lot of companies, again, are going to go with their feet and go overseas. you can't st

. >> let me ask you a question and you heard carl levin and others say it and broadly suggest tax reformewants to do washington, off the table for two years, may not be possible. >> yes. >> if that's the case, and you listen to bankers, literally could be dozens of these transactions in two years, do you do what others suggest a somehow try to stop them in the interim? >> yes, i do. i don't think the -- i'm familiar with senator levin's bill. that doesn't do it. in my mind, in fact, encourages companies moving abroad more rapidly, but, yes, i think they should at least plug the loophole where you can move -- earnings from the united states to offshore affiliates and to lower tax countries. >> right. wow. did you expect that? >> i don't know. >> i think we need to fix the taxes. >> clearly. >> clearly. >> it's the best answer. >> larry kudlow, the other larry, go to 0 for taxation, this is not an issue. >> that won't happen, go to 20%, and that makes us at least competitive. >> that's not happening either. >> no, it's not. >> make sure you join us tomorrow." squawk on the street" is next.

assuming it does not get fixed in the next two years, are you a fan of what people like carl levin anders have suggested, which is, let's band-aid this temporarily, because once you let -- once the tooth paste is out of the tube, it's hard to get it back. >> what i'll tell you is this, andrew. i, personally, and everybody is different, i am concerned if we don't do something to fix this, you will have -- it's not only the tax base, you're worried about the intellectual capital base leaving this country and going overseas. so i appreciate that any time you do a band-aid, there's an unintended consequence, but more important, we can't have our best companies feeling that they have to do this. and frankly, i understand why they feel that way. >> if you were a doctor and you knew that you had a remedy that actually attacked the root cause of the ailment, versus something that is paltive. >> i would treat the root cause. >> but you don't have any influence in this. you know it can't be done, because there's no -- >> we would -- and i'm sure blair would agree with this. >> you have a lot of

. >> andrew's idea is the leaven idea, now carl levin is the guy who put in all the loopholes for whateverorporations use. they think, hey, let's just not allow them to move. let's say you need 50% shareholders. >> a temporary -- >> not just temporary. but it's just saying, you're stuck here and you're paying us no matter what. it's almost addressing the symptoms of the disease rather than the disease. and grover, right, grover? i mean, to just not allow these companies to move doesn't address the issue. but that's what they want to do. >> okay. not to overexaggerate, but at some point east germany noticed people were leaving east germany. instead of deciding to treat people better in east germany they built a wall. building a wall is not what we want to do. let's find out what we're doing that is destructive to american interests and stop doing it. >> somewhat difficult question for harold because you're in politics and also in business. client comes to you says he wants to do an inversion, what do you tell him? >> i work for my client so we figure out ways to make it happen. from a broad