versus -- the carper audible. this actually is a real, true compromise. because of what you are trying to do to enable the post office to become profitable. on governance, under current law, which might append it would maintain, the regulatory commission whatiould establish a new racism and 2017. there is likely to be an amendment thoo this. my understanding of that second-degree amendment is that it would make the 4.3% exigency rate permanent, putting the postal service in a position where there is no incentive to initiate rate review. i think this gets us back into a very difficult situation for those who we might consider captive customers of the postal monopoly. prc would be powerless in that instance, there would be no recourse. before i get in too deeply to speaking against second-degree amendment, let me make formal my offering of the modification as i have described it and urge support. >> senator baldwin i am going to offer a substitute on that to your amendment. >> a substitute or a second-degree? >> a second-degree. i have been here for a well,

coburn and senator carper have done. >> thank you for what you just said here. thank you very much for what you offered to us two weeks ago. it was very important at that point in time and thank you for reiterating. i just want to yield to senator pryor, and i think levin, and i think we will try to wrap it up on this amendment. i asked our staffs and asked what does the exigent rate mean in terms of the prices of mailing a catalog. the exigent rate case calls for an increase of $.38 to $.40 for catalogs, magazines, $.20 to 29 cents and nonprofit mail, $.10 to $.11. these are not huge increases. senator pryor? >> i will try to be quick. i know time is of the essence. i do want to ask mr. corcoran a question or two since we have him here. first, are you familiar with the language in the baldwin second- degree as well as the carper second-degree? >> to some extent, senator pryor. >> the question i want to ask you is pretty specific, and that is, what is the difference in the two proposals as those differences relate to the prc? how do these two proposed amendment

[roll call] >> no by proxy. >> senator carper. >> i vote no. mr. chairman of the vote of those present the a's are four and the nazar four. on the boat by proxy the are four and the nazar three. on this that the a's or eight in the nazar seven and the motion is agreed to. >> okay. did we win that? it sure sounds like it. i want to thank the chair. [laughter] i don't know what the order is. i have another amendment if you need one. i am going to ask you to hold that for just a moment if you will. i think we are in a position now consider two amendments senator paul's amendment and a side-by-side if you will on the same subject. senator paul would you like to go first? >> this amendment has been debated pretty well and i won't go into long. i would just say our amendment was supported by the nra the gun owners of america as well as the association of gun rights. what we don't want people as to be caught up in a berkeley you are trying to obey the law and are going to jail for something they never intended to do wrong which is perfectly legal by the s

postal service tenure outlook february 2014 carper coburn amendment. and again to reiterate this is the exigent price increase in 2014, the exigent price increase becomes the baseline in 2014 going forward in cpi price increase began in 2015 going forward. not cpi plus one but going forward. as i said earlier if there is some kind of an agreement between the postal service and the prc on a new rate structure fine and if not we stay at cpi. if you will look all the way in the bottom right hand corner all the way on the bottom right hand corner of the spreadsheet. the most important number to me and i think to dr. coburn is a net cash balance at the end of 2023 of $7 billion. $7 billion. that some black a lot of money but that is out of $750 billion in revenue revenue over tenure period of time less than 10% of the revenue they are likely to receive. this spreadsheet assumes no recession, no recession for 10 years and we are concerned about that. we all ought to be concerned about that. but what the postmaster for the postal service has done as dr. cobur

i urge my colleagues to support carper second-degree amendment requiring the study on this issue. the modification we have made makes clear that the postal service must immediately begin at minting -- begin implementing the changes recommended in the reports. >> chairman? have withulty that i your second-degree amendment is that you are getting the post office authority that congress ought to have when you tell them to begin implementing immediately whatever they find out in their study. we have no assurance that anybody from congress is going to have any capability on that committee and have no idea where that study might go. it might go considerably more difficult than the present language. caveat, i am having some difficulty. put yourate that you guns in the trunk of the car but i came from a part of the country where most people don't have a truck. -- a trunk. >> we couldn't afford a pickup in our state. >> i appreciate you offering this modification. paul'sappreciate senator amendment, what he is trying to do. this -- i am ay strong supporter of the second amendment. i have m

i would urge support for carper second-degree amendment requiring a study on this issue. modification makes clear the postal service must immediately begin implementing any changes recommended in the reports. >> mr. chairman -- >> mr. chairman? >> one difficulty i have with your second-degree amendment is you are giving the post office authority that congress ought to have when you tell them to begin implementing immediately whatever they find out in their study. we have no assurance anybody from congress will have capability on that committee and have no idea where that study might go. it might be considerably more difficult than the present language. so, with that caveat, i have some difficulty and i appreciate that you put your guns in the trunk of the car when you went to the post office, but i come from a part of the country where most people do not have the drug. they call it a pickup. [laughter] >> senator tester? >> mr. chairman, i appreciate this modification. i appreciate senator paul's amendment, what he is trying to do here. i would just say this. i am in stro

thank you chairman carper -- >> this story just kieps getting better. >> thank you chairman carper, senator johnson and distinguished members of the committee. my best wishes to senator coburn and his family. it's my pleasure to be here this morning to discuss the impact of extreme weather and what the department of homeland security is doing to improve the preparedness and resilience of our communities, and nation. this represents one of the most significant areas where we can all agree, i think, investment today will help us save billions in the future. over the past decade, an unprecedented number of weather related disasters, hurricanes, floods, droughts, wildfires, crop freezes and winter storms have hit the united states. leaving devastated communities and billions of dollars of damage in their wake. in 2011, we experienced 14 natural catastrophes exceeding a billion dollars in cost each. that's a record number. we had a record 98 presidentially declared disasters. in 2012 we faced hurricane sandy. the largest atlantic hurricane on record and the second costliest to the nation, damagi

thank you chairman carper -- >> this story just kieps getting better. >> thank you chairman carper, senator johnson and distinguished members of the committee. my best wishes to senator coburn and his family. it's my pleasure to be here this morning to discuss the impact of extreme weather and what the department of homeland security is doing to improve the preparedness and resilience of our communities, and nation. this represents one of the most significant areas where we can all agree, i think, investment today will help us save billions in the future. over the past decade, an unprecedented number of weather related disasters, hurricanes, floods, droughts, wildfires, crop freezes and winter storms have hit the united states. leaving devastated communities and billions of dollars of damage in their wake. in 2011, we experienced 14 natural catastrophes exceeding a billion dollars in cost each. that's a record number. we had a record 98 presidentially declared disasters. in 2012 we faced hurricane sandy. the largest atlantic hurricane on record and the second costliest to the nation, damagi

i'm going to ask the clerk to call the roll on carper amendment number two as it is modified.[roll call] [roll call] [roll call] [roll call] on the boat the yays are eight and the nays are five and by proxy the yays and nays are one. the amendment is agreed to. thank you everyone for your vote. the next thing we need to do is vote on is there any comments? >> the amendment we will be voting on is the primary amendment and i would like to propose a second degree amendment and this would be amendment number three as modified. senator i think i said it at the last markup this is my first opportunity to chair a markup on a major bill. it's my 13th and 14th year in the senate. i don't recall a situation where someone is offering an amendment and to become the underlying amendment to second degree was amended and the author mac came back and said i asked for the opportunity to offer a third degree amendment which is the original amendment. if that were to be approved i don't think it would be but it would invite me to come back on the same substitute we could be here for the rest of

senator carper referred to it just a short while ago. i also would like to thank my good friend dave camp. dave is chairman of the house ways and means committee. we've worked together a lot over the last couple of years on tax reform. we've bridged the partisan divide to help past the most recent highway bill and the payroll tax cut. dave's a super, super american, a wonderful man. michiganders are very lucky to have him. also a terrific honor working with my good friend senator orrin hatch. orrin, dave and i just recently worked together to introduce trade promotion authority legislation to make congress a full partner in trade negotiations. in trade as in so many areas, working together is the only way to get the job done. madam president, it is a real american over here, orrin hatch. he's a solid, utahan, cares about the state and his country. just a wonderful person to work with. i can't thank him enough. thank you, senator hatch. in 1961 elect john kennedy said our government and every branch must be a city on the hill, men aware o

chairman of the senate homeland security and governmental affairs committee, tom carper, released a statement saying that the news on mtgox is a reminder of the damage potentially ill-equipped fninancial actors can wreak on unsuspecting consumers. he added u.s. policymakers and regulators can and should learn from this incident to protect consumers. >>> now let's get a check on the markets. european stocks are showing a weak performance for a second day in a row. london's ftse is currently trading down by almost 0.3%. frankfurt's dax index down by 0.2%. and paris' cac 40, down by 0.3%. investors avoiding active trading on a lack of fresh cues. earlier, asian markets finished mixed. tokyo's nikkei average ran into profit taking from the previous day's rally. meanwhile, china's shanghai composite snapped four straight sessions of declines. investors hunted for bargains stocks. shanghai up just over a third of a percent. moving on to currencies dollar/yen at 102.35-40. little changed from the levels shown in tokyo trading hours. analysts say market players are not chasing the dollar as they're b

please proceed. >> senator carper good to see you again, senator johnson. thank you for inviting me here. let me also extend the best wishes to senator coburn and his family. i had the fortune to attend one of senator coburn's first hearings when he was on the hill and we told us afterwards he was going to do some oversight and i think he's followed through on that. so i'm very sorry he's not able to join us today. zbleez announced he's going to step down at the end of the year, and while he has some health he said that has nothing to do with those just a personal decision he and his family have made. but i have said to him, well, you're still on the payroll for another, you know, 10 1/2 months, so i know you wanted to finish strong. and we're going to make sure that you do. and he's determined to. so plenty more oversight to come. >> yeah. great. i want to make three points. first there's a lot at stake. we've all talked about some of the numbers, in your opening statement, there are significant costs from extreme weather. but not only to the federal gover

tom carper of delaware released a statement reacting to the financial loss in supporting the legislationime for the congress and the administration to work together to save the postal service for the long haul. hear, hear. i agree. postal reform legislation won't do any good. the agency is still predicting that it will default on another employee benefits payment due at the end of september. senator bernie sanders of vermont, he has done everything he can to help enhance and save the postal service. senator, good to have you with us tonight. i go home to detroit lakes, minnesota, a little resort town in upstate minnesota, 6,000 people. saturday morning, the post office is packed. people love their post office. america loves their mail. why in the world was this bill ever passed, and why haven't the democrats tried to reverse this whole thing? i know you have, but collectively it should be right on the front burner. >> actually, it's an issue that is going to be discussed at caucus tomorrow. and i'm going to do everything i can to make sure that we have legislation which saves tens and te

one of the things we try to talk about with senator carper's committee today is making sure there are some incentsives and some kind of recognition of those communities that are trying to do the right thing? >> when you look at the investment that new orleans has made since 2003, they are much better prepared than they were before katrina. there is a lot to be done. there has to be some account ability and involvement of local leaders to make sure your community isn't one of those storms. >> so many issues that are raised by this about what we do with our electricity lines, having them above ground instead of below ground like many places in europe. about. >> the reality. i think the important thing, there is a new reality. with this new reality this is a call to action and arms. >> it's great to see you. >> thank you. >> great to have you on the show, thank you very much for joining us. >> thank you, antonio. >> turning to breast cancer. should women over 40 get yearly mammograms? conflicting studies had caused mass confusion but a new study, the largest ever, is leading to deeper po

as follows -- reid of nevada, reed of rhode island, gillibrand, whitehouse, schatz, boxer, casey, carper, warren, murray, begich, brown, merkley, king, schumer, nelson, coons. mr. reid: i have a motion to commit s. 1845 with instructions. the presiding officer: the clerk will report. the clerk: the senator from nevada, mr. reid, moves to commit the bill to the committee on finance with instructions to report back being amendment number 2716. mr. reid: on this, mr. president, i ask for the yeas and nays. the presiding officer: is there a sufficient second? there appears to be. mr. reid: i have an amendment to the instructions at the desk. the presiding officer: the clerk will report. the clerk: the senator from nevada, mr. reid, proposes an amendment number 2717 to the instructions of the motion to commit. mr. reid: i ask for the yeas and nays, mr. president. the presiding officer: is there a sufficient second? there appears to be. the yeas and nays are ordered. mr. reid: i have a second-degree amendment at the desk. the presiding officer: the clerk will report. the clerk: the senator fro

after the confirmation vote senators orrin hatch, tom carper , and dick durbin came to the floor to offer to be speeches. this is 15 minutes. >> madame president, i am pleased that my colleague is confirmed by this body the way was. he will make a fine ambassador to china. we all know what an honorable and decent man he is. we all know of his abilities. we all know that he has run a very tough committee and an important committee and has done a terrific job in doing so. all i can say is i rise today to wish my good friend good luck as he departs the service. the next year as ambassador to china. we will miss him. i do not think it is fair. nevertheless, i think it is fair to our country. he will make a great ambassador. he first came to the senate in 1978 and has the distinction of being 110 as long as serving u.s. senator. as you can see, i served with senator baucus for a long time, longer than the two of us would like to admit sometimes. and over the years i have come to respect his commitment to his constituents and his principles. working side by side on the senate finance committee.

chairman carper, ranking member johnson. i'm lindene patton. chief financial officer for zurich. we provide coverage for customers in the 170 countries. we've been serving customers in the united states since 1912. we have over 8,000 employees nationwide. i would like to thank you for holding this timely hearing and i am pleased to share with the committee an insurance industry's perspective and the economic importance of investing today and improving resilience. zurich observes that the u.s. is increasingly reliant on disaster recovery funds and it's under invested in resilience. disasters have increased to over 1,000 per annum. it's risen to $400 per household. that is more than a four fold increase over the past 30 years. in other words the resilience gap is large and growing. how large? in cummings projected that unfunded response costs for weather-related disasters would grow to more than 1 trillion u.s. dollars and might be as much as 5 point poip 7 trillion u.s. dollars. taxpayers are bearing the burden of this. without decisive risk reduction actions, economically unsusta

month later with an economic analysis of the business proposal and know that economic analysis and carper is the effects of changes in budget deficits and also the macro changes and incentives, the changes in tax rules and other things. so those are separate pieces of work. and again example of the case, economic analysis six basically a month after the basic budget analysis. so what i have said, and i have said this and starting with the joint spectrum, that is a rejection. if they put forward a tax reform proposal we would be happy to do an analysis of its economic effects. that would be separate from the basic estimates. actually would come mostly from the staff of the joint committee on taxation, policy, so these are separate pieces of work that we have offered, that we did for immigration and a real offer to do in this case. >> the score. would not have that dynamic scoring. >> would not have those effects. >> normally read the l.a. times. did you talk a little bit about what the experiences of states that have expanded coverage, how that informs your analysis of the liver force part

enator carper. >> the yeas are eight, the nays are five. vote by proxy, the yeas are one and nays are one. the yeas are nine and noes are five and amendment is agreed to. >> next thing is to proceed with a vote on paul -- is there any comment? >> yes, mr. chairman. the amendment that we will be voting on is the primary amendment and i would like to propose a second degree amendment to the primary amendment and this would be amendment three as modified. >> suspend for just a moment, please. >> we are watching some of the markup of the postal reform act. this is senate homeland security and government affairs committee meeting this morning on capitol hill. the session is still under way, but taking a bit of a break here. here in c-span we are going back to the u.s. house and will gavel resume consideration of a combined measure dealing with public lands access, restoration and land access. and we expect a number of amendment votes and final passage coming up. the senate is in today and will later today vote on an amendment to an expanded unem

this bipartisan amendment cosponsored by senator carper ensures that e.p.a. does not treat biotech seeds as pesticides when those shipments are imported. i was disappointed, though, that the conference did not include language to address one of the worst regulatory challenges confronting farmers. e.p.a.'s overregulation of on-farm fuel storage under its spill prevention control and countermeasure program. the house farm bill included nspc relief provision and the senate unanimously passed a similar amendment that i cosponsored to reduce farmers spcc compliance burdens during consideration of the water resources development act. there's bipartisan agreement on both sides of the dome that this regulation needs to be fixed. the farm bill did provide, i think, the perfect opportunity that we could get this relief enacted into law, but that chance was missed. however, i do stand ready to work with my colleagues to ensure that we don't miss another opportunity to address this issue, to fix this issue. and we can do that during the wrda conference. as i said, this b