. >> dave walker. first, the federal reserve is audited at the present time by a financial firm for the audit so it's not clear what that legislation would be trying to do. and i haven't read it. but as former head of the g.o. i know that. secondly, larry, thank you for your service. you're exactly right that we need to focus on the short-term before the structural. you're also right that health care is the real thing we have to deal with. however, what would you say about the fact that we're in danger of creating a huge expectation gap with the american people on health care because you can't reduce costs by expanding coverage? and in fact, the c.b.o. has said yesterday -- expressed serious concerns about the cost of these packages. and, in fact, we're going to finance looking at the cost of these packages beyond 10 years and the preliminary numbers are not pretty at all. >> david, you've just demonstrated another lesson i've learned over the years here in washington, which is that whenever in a publi

i've cided that's where my missio is andwe got a great guy running the foundation t dave walker. rose: your life, it is said that you deeply regret even are angry sll about ur lehmanrothers experience. >> that isn'really true cause that turned out to the best brk i ever had. >> rose: because it made you go out and start over. >> and start blacktone. d -- blackstone and there's no way in the world i could have me a billion dollars at lehman brother, ven what's happened. >> rose: i will me to that. in fact, i wanto come to that. but -- but will m brothers was -- at the time, iean this great ory. here a guy whoad bee secrety of the commerce. who comes to wall reet and he becomes ceo of lehman brothers. and then there is co-ceo. and th all of suddenix mohs later, peterson is out. >> right. and igine how ft becauswhen i got there there were stories in the "business week," lehman back from the brinkf bankruptcy. and i ner worked so har in my lifeo save an institution. d i was thereor ten long, hard years. decided it to share the power and the gly with soone. and low and behold b fiv we

>> senator, dave walker. good to see you again.ator, you obviously know we're headed for a fiscal cliff. you obviously are proposing this legislation, this -- to cure america's future economy with senator lieberman. why do you believe an extraordinary process like this is necessary? >> i think a good example of it is what we're going through right now, trying to put together a bill that will reform health care in this country. i think we've proven that we cannot take care of this problem through the regular order of business. what joe lieberman and i are promoting, something that's supported by the heritage foundations, brookings and other responsible groups is an 18-member commission that would be for a year and would come back with recommendations on how we can deal with entitlements and also tax reform, which are both died together. right now we're fighting about entitlements. the big issue over in the energy and congress committee in the house of representatives is how do we pay for it. so you can't -- you've got to -- it's tim

. >> bishop joseph walker, thank you so much for your time this morning. take care. >>> daveher board. here it is, another nice day in new york city. >> well, we deserve it, don't we? because we've had tough weather in the northeast. if you're in new england, boy, it's going to continue. it's amazing what a "y" will do. you add a "y" to the word crisp, and you get crispy, which means kind of warm. but it's going to be crisp, as in cool, throughout new england. low to mid-50s this morning. this is july, everyone. look at the temperatures. portland yesterday, 58 degrees. you also got 13 inches of rain since june 1. boston, 66 degrees. burlington, 65. lots of little league games rained out yesterday afternoon through rhode island. again, we're hoping to see a change in better weather. we have seen this high pressure system begin to go roll on in. hopefully, we'll be dry throughout new england today with rare exception. the southeast is going to see some rain. record-setting rain in charleston yesterday around east bay street. you doubled your record rain for the day, just incred

school together in 1990 and dave is the last of the class, hair balls, last of my class to be flying on the space shuttle. and he's the yoda, the mentor to the space walkers. >> brian: and you need a lot of experience. you've got to have one guy who has lots of experience who has sort of been there before, right? >> right. he's lived there four months and he's a flight surgeon, a medical doctor and come through the astronaut ranks and now one of the most experienced space walkers out there. >> brian: there are a total of five space walks scheduled for this particular one? >> that's right. and 16 day mission and he will take the lead on three of them and turns over the space walking to his rookie partner and the job as he gets them off that experience in the course of about a week. >> brian: and people don't realize that there's so much out there that you're trying to accomplish and even though tu train endlessly for these missions, things crop up? >> and david talks about this. he makes the point that, it allows you to use and adapt to the situation, you like to reverse everything to the last detail and you're going to encounter the unexpected outside so'