this is 40 minutes. >>> we're back with martha coakley. she's the state attorney general for the state of massachusetts, a democrat, and joining us from boston this morning, talk about that $25 billion mortgage settlement that we heard about last thursday. ms. coakley, let me get into it a little bit and ask you first, who will this benefit. >> it's going to benefit, frankly, from my point of view, the whole economy. but where it's focused right now is real relief for two kinds of homeowners who have loans with the five banks that were involved in this particular agreement. those who have been delinquent, that is, they haven't been foreclosed upon yet, but they're behind in payments and they are pre-foreclosure. and the second group, then, will be held to homeowners who are under water. that is, they have homes that are now worth less on the market than the value of their mortgage. and so they're not in a position to refinance or, indeed, even to be able to get out from under that. so those are the two primary sets of homeowners who will b

coakley, we want to see ws crooks in shackles. no pats on the hand, no fines, no promises to do better. she's a democrat in st. louis, missouri. go ahead. >> caller: good morning. i'm calling concerning the lack of monitorship with the states, for example, with the governor of wisconsin taking some of this money for his own state's budget. how is that going to be amended and who is going to monitor that the state part of that is going to go where it's supposed to? >> and that's a good question. it's based on a certain formula depending on the size of the state, the number of homes involved. but states are getting a certain amount of money in this agreement that they can use for penalties, so it is appropriate in some instances, that states get relief for, as i mentioned earlier, the damage that state governments themselves have felt in cities and towns because of the fallout from homes on the tax rolls abandoned properly, it goes on and on with all the fallout. states and cities and towns have had to pay for it. some of that can a

coakley also filed a lawsuit.term as attorney general in 2010, martha coakley has devoted her career to protecting children and public safety, standing up for consumers and taxpayers and fighting for equality, prosecuting dangerous criminals. she has recently been appointed to the president's national fraud enforcement task force and today has a separate announcement. ken cuccinelli was elected attorney general of virginia and sworn into office january 2010. prior to serving as attorney general, he served in the senate of virginia from 2002 until january 2010. as a senator and private attorney, he were to improve the mental health system and has been a champion for citizen property rights. he may government more transparent and accountable by putting the state's budget on line in a format that citizens could understand. mr. cuccinelli is proud to perform -- protect consumers from fraud take sexual predators out of the community and put gang members in jail, prosecuting meditated fraud. like ms. coakley cuccinelli

coakley, let me get into it. first, who will this benefit? >> it's going to benefit, frankly, from my point of view, the whole economy but where it's focused is real relief for two kinds of homeowners who have loans with the five banks that were involved in this particular agreement. those who have been delinquent. they haven't been foreclosed yet and they're behind in payments and they're preforeclosure. and the second group are homeowners who are under water. they have homes that are now worth less on the market than the value of their mortgage. and so they're not in a position to refinance or, indeed, to be able to get out from under that. so those are the two primary sets of homeowners who will be helped. keep in mind, what this does is avoid what we believe are unnecessary foreclosures. it starts to stabilize the market. it avoids the foreclosures and the aban donned housing and the kinds of things that bring everybody's real estate values downed and affect all of our cities when tax rolls roll around. >> and when will consumers, homeown

coakley cory wellford, megan silverbird. mr.nelli sarah kennedy noah wall, carolyn gibson, they've all been fantastic. from the national press club, you saw joe ann booth. i want to thank ron for all his support. automarcum rick and incoming teresa warner. from my team i want to introduce in addition to my wife rich mann. jamie, who did a lot of work. rebecca vanderlynn. my longtime executive assistant. perry brooks lifetime friend. we were at each other's weddings. here from western new england news service. and so we are ready to go. in terms of questions, what we will do is after each attorney general makes the presentation, we'll go to questions. what i'd like to do is have you come to the podium and then rebecca, you'll get the names and identifications of the people as they come. we're going to set this up as a mic for questions. so the audience would please come -- c-span requested that there be sound instead of that usual faint you don't hear it question on television. so we'll have the questions come to the mic and then

. >> okay, nancy, martha coakley? >> i was attorney general -- i have been attorney general since 2007. eliot spitzer precede med because i served with attorney general cuomo from new york. the potential agreement you're talking about is not when i was in office. i will say this. as attorney general since that time, and knowing what attorneys general have done, particularly the rule that new york can play because of the martin act and other enforcement ability it has, new york's been an important player on states enforcing consumer rights. and in some instances, overseeing banks. by and large, remember, a lot of oversight in regulation of banks and securities is done by the federal government, whether it's the s.e.c. or enforcement by the department of justice at the federal level. the banks have lobbied for a long time to be pre-empbted from any state regulation and would prefer to deal with one regulator and frankly they've had friends in congress, i think, that have allowed them to escape the kind of regulation tha

coakley, i'm sure would say, someday you'll get health care. on that day, your activity may be regulated. but you may not be compelled against your will to deal with it before that point in time, once you have entered congress -- and mind you, this is a hard area because health care is so personal to people and we want to see the system improve. there are many things we can do to improve it. no improvement would be worth the sacrifice of the liberties that so many americans and died for over the history of this country and that the founders of this country worked so spectacularly well to establish, especially the ones from virginia. but we have a lot of history represented in our states, our commonwealths, in our case. james madison was the primary author of what we're now debating. there's a reason to read his portions of the federalist papers. that is where we are in this case. we're arguing about the outreach of the foundational power of the federal government and its exercised in way that has never happened before. the comment about behavio

our guest is massachusetts attorney general martha coakley. and we'll discuss the proposed budget with kevin bridi, a member of the ways and american s "washington journal" is on every day. >>> with president obama releasing his $3.8 trillion budget proposal for fiscal year 2013, a number of his cabinet securities will be heading to capitol hill to testify about the kneely restaged. with treasury secretary tim geithner and on the defense department's 2013 budget. it called for 54, a 1% do crease from last year. that gets under way at 9:30 eastern. >>> there's been honest contention, spirit and disagreements, and i believe considerable hot arguments. but don't let anybody be misled by that. you have given here in this hall a moving and dramatic proof of how americans who honestly differ, close ranks and move forward for the candidates shoulder to shoulder. >> we look back at 14 men who ran for office and lost. who had a lasting impact on american politics. >> what about you? are you now out of debt? do you have a comfortable lack b? do you real

. >>> we'll talk to massachusetts attorney general martha coakley later tonight on c-span3. then a hearing on the use of presidential recess appointments. next c-span radio's "washington today" with news and events of the day from the nation's capital, including reaction to president obama's 2013 budget request. p. >>> i asked a simple question. you're the director of the >> i ask a simple question. you're the director of the omb, does your budget -- >> our budget is a more honest budget. it looks at what's happening. >> will the witness not answer this simple question? i just asked a simple question. >> it's a more accurate reflection of what we're going to spend. >> will it spend more or less? >> just some of the exchanges earlier today on capitol hill as members of the president's administration provide details to members of congress on the 2013 spending blueprint that, exchange with senator jeff sessions, republican of alabama and acting director of office of management and budget, jeffrey zients. a new poll out showing rick santorum and mitt romney essentially tied in t

. >> massachusetts state attorney general martha coakley, thank you so much for talking to viewsers. we appreciate your time. come back again. >> my pleasure. see you soon. >> coming up next, a look at the news of the day from capitol hill. a live simultaneous cast of c-span radio's washington today. live now on c-span3. p. >>> i asked a simple question. you're the director of the omb. does your budget call for spending more money. >> our budget is a more honest budget that looks at what's happening in a business as usual basis. each year we pass the amt. >> will the witness answer the simple question? i just asked a simple question. >> it's a more accurate reflection of what we're going to spend. >> will it spend more or less? >> just some of the exchanges earlier today on capitol hill as members of the president's administration provide details to members of congress on the 2013 spending blueprint. that exchange with senator jeff sessions, republican of alabama, and the acting director of the office of management and budget, jeffrey zions before the senate budget committee. welcome

we will talk to martha coakley. we will be right back. ♪ ♪ >> testimony continues today on president obama's budget proposal for fiscal year 2013, released yesterday. there are a number of senate hearings planned for today. this morning, leon panetta and mark dempsey will answer questions before the senate armed services committee. live coverage starts this morning, here on c-span. the treasury secretary -- treasury secretary will be on capitol hill, testifying on the president's budget request. you can see him at 10:00 a.m. eastern on c-span 3. later this afternoon, the author of the book "the invisible arab ," join us live at 5:30 eastern. >> now online at the c-span video library, speeches from last weekend's political conservative action conference. >> we must outsmart the liberals. we must outsmart the stupid people who are trying to ruin america. >> this is about one country united under god. we are red, white, and blue. president obama, we are through with you. >> they can come at our throat, as long as we ar

. >> we have massachusetts an g march that coakley talking about the great health care plan. >> all right ohio to cover some races. >> the early vote. >> congressman kiss initch's re-election, the toughest of his career. >> that's going to be fun. >> despite what iowa football player kurt warner says, eli manning deserves to be in the hall of fame. >> did kurt warner say he doesn't? >> i saw it on facebook. >> we think both of you deserve it. that's it for this edition of "the daily rundown." up next on msnbc, chris jansing. shazi: seven years ago, i had this idea. to make baby food the way moms would. happybaby strives to make the best organic baby food. in a business like ours, personal connections are so important. we use our american express open gold card to further those connections. last year we took dozens of trips using membership rewards points to meet with farmers that grow our sweet potatoes and merchants that sell our product. vo: get the card built for business spending. call 1-800-now-open to find out how the gold card can serve your business. what is this shorty? uh, tissu

massachusetts attorney general, martha coakley filed suits over allegedly fraudulent foreclosures. it could put an end to some state suits but doesn't release the states by other actions from the federal government, private investors or any individual borrowers. sue and tyler? >> thank you very much, diana. let's go back now and try and connect with julia in athens where the audio engineers have gone on strike, clearly. let's check in with julia to find out what the latest is on that debt deal over there. >> reporter: i've got you now. some people are strike, i can assure you. the local media reports here are that the draft agreement has been completed and now with the coalition leaders of the government here in greece, they're set to meet the prime minister in around an hour's time. at the same time around an hour ago, the finance minister and the prime minister met with one of the key representatives of the private creditors here, of the bond swap deals. the pieces do appear to be coming together. but we are still waiting for that agreement from the coalition leaders of the gover

. >>>> on "washington journal" ths morning, we will examine the bank is -- our guest is martha coakley. also, kevin brady. "washington journal" is live every day on c-span at 7:00 a.m. eastern. now we get reaction from some republicans to the president's 2013 budget request. >> come on in. we are on time, are we? there we go. the budget submitted by the president of the united states is more than just a document that has lines in expenditures in it. a budget represents a revision that that president has for the future of america. in this case, it will be 10 years. mr. bernanke told us a few days ago in the budget committee that we need to be looking beyond the 10-year window, particularly when dealing with systemic problems' like our economy. i believe the american people are entitled to and must have an honest budget, budget that clearly lays out the challenges we face and how the chief executive would expect to meet those challenges. i cannot imagine governor bentley in alabama not taking the opportunity to produce a budget that allows him to lay out how he is going to meet the chall

martha coakley was a weak candidate. >> that's what we heard, that people in massachusetts don't likelecting women statewide. >> that's not true. the strength of the candidate would carry the campaign and she's a strong -- >> elizabeth's going to win isn't she? >> i think scott's going to win. you look at those 30-second commercials she puts on there, she's from central casting. we were talking yesterday -- a lot of times you'll get a wes clark that will come into politics and think he's going to take it by storm. most of the people that come from outside the system do terribly inside. she's just the opposite. she's about as good as i've seen for the first time around. she's the natural. >> yeah, right. and i think barnicle hit it on the head. you have two very talented candidates who very much fit the state. and scott brown is an anomaly in that he's not been forced by republican leaders to do what other republicans are doing in town. they've given him some freedom. he's taken that freedom to carve out his own identity. and that's really the trick for anybody running in the northeast

but that misses is the ambition and coakley brought to all of those jobs. that he brought to all of those jobs. he is one of the nation's leading experts on the budget and one of the leading experts on the microeconomics of health care. if you want to know how to bend the cost curve on your rising health insurance costs, he is the man to talk to. peter is a self-confessed geek. his public life is not something you can say about many geeks. many economists will bludgeon you with theories and numbers. when i read peter's columns they connect the dots to a pattern that i realize i should have known was there but i did not see it until he showed it to me. please welcome me in the -- help me in welcoming peter orszag. [applause] >> thank you, robin. thank you for joining us this afternoon, i am delighted to be here with you. i was like to talk to you about a few overarching things that are affecting the u.s. economy. i hope to use an empirical basis to connect some dots. even when i tried to be empirical, the world does not always turn out as i expect. the most

. >> martha coakley -- >> elizabeth is really a great candidate. >> scott brown's a great candidate. spent two weeks on the trail in 2010, he has that touch, he can connect with people. >> yes, he can. >> speaking of great candidates, can we talk about our good friend andrea mitchell yesterday? and his take on contraception, the old aspirin between the knees and to me how that's going to live with santorum. i keep going back and forth with romney and santorum. what do you do with either of these guys? >> santorum? >> it's his guy. >> that's the thing -- >> it's his guy, you know. >> left-wingers. >> here's why it's going to affect santorum. it's because not only was that one comment disturbing, the entire interview was odd. and the thing is -- the entire thing. i mean literally -- >> we're going to see it. >> rick santorum and his position on contraception. >> it was unreal. >> he's the money man, what do you want from him? >> it was one of the scary things about the introduction of the super pacs. the fact that because he's one of the people that's keeping the campaign going, you kn

our guest is massachusetts attorney general martha coakley and we will discuss the president's proposedt with represented kevin brady of texas, member of the ways and means committee and vice chairman of the joint economic committee. "washington journal" is live on c-span every day at 7:00 a.m. eastern. >> there has been honest contention, spirited this agreement, and i believe considerable arguments. misled't let anybody be by that. you have given here in this hall a moving and dramatic proof of how americans who honestly differ close ranks and move forward for the nation's well- being, shoulder to shoulder. >> we look back at 14 men who ran for the office and lost. go to over website, c-span.org /thecontenders. >> what about you. are you now out of debt? do you have a comfortable backlog in the bank? are you paying less for the things you buy, or more? do you really thinks it is do you really think things cannot be better? course they can. working together, we can and will make them better. >> now president obama talks about his budget proposal for 2013. the request includes $4 trilli