the president talked about how natural gas eduction is good for our economy and jobs. we cannot agree more. bitterly cold winter, and my home state of michigan and across the nation, the demand high andricity is heating bills even higher, the time is right for action. our infrastructure has not kept pace. it is why we must build an architecture of abundance to help create jobs today and keep energy affordable tomorrow. the natural gas pipeline permitting reform act cuts red tape to ensure that pipelines can be built. it connects natural gas supplies to new manufacturing plants. it is another step towards a real energy policy. these four bills cover a lot of ground. i know. they are about making life work for more americans. they need only a vote in the senate. the party passed them in the house -- they need only a vote in the senate, has we have already passed them in the house, to make it to the president's desk. we are purely awaiting his a pie -- apply -- we are awaiting his reply. a moment when speeches give way to solutions. the american people never let us down.

monthly eduction for planes was increasing. it will be producing 46 per month. that is worthy money is -- where the money is. stock is up almost 1.7% where it is traded. theoining me now to discuss global markets in context is joe richardson. he is the chief executive of rmd wealth management. china -- i am struggling here they are lowering rate, they're bringing down the , they are yuan looking at the property market. , the story today says this is all about what is going on in the banking margaret -- market they saw 2008. you think it is as serious as that? >> potentially, yes. the trouble is the chinese never quite know the full story. it is an opaque financial system. i think the simple worry here is the amount of debt that has been built up in the last five or six years. roughly the equivalent of the u.s. commercial banking balance with and the rapidity which it moved up in a short. of time. country'sry other income that is similar has had a financial crisis. the worry is that investments have been poorly made and there was wastage and so one and at some po

it will be an uphill battle, but there are some eduction's 54 example, republicans have been puttingrelief catching a lighter and that for some of these. it will capitalize on something you just mentioned, the approval rating in also heads to his personal approval rating. they're hoping to seize that. the health care narrative, the overarching theme of the campaign, but they also really need to look in some of these races more locally and kind of what we saw in the house republican retreat yesterday in the day before pushing this narrative as the pay of alternatives, not just the opposition. lou: i don't get that. at no good alternative. i mean, shouldn't you be the party of the middle-class or party of the working man and woman, party of the american dream. i am the alternative party. >> you have to have idea. lou: right. >> the point is i think they're looking it beyond 2014 trying to show how they can govern or have some kind of idea. lou: look good 2014 for a while. i want to cut turn to you. sorry. go ahead. >> i ws going to say the problem is in order to have these ideas yet to

and it's a convenient and attractive and sometimes overly eductive tool in the president's foreign policy arsenals. >> from the shadows to the frequent center of political controversy, a look at the c.i.a., saturday night at 20k eastern and sunday at 9:00. and online at book tv's book club, comment on last month's n depth guest. read a "women's history for beginners." click on book club to enter the chat room. >> an official from the retail store target apologized at a senate panel for the credit card data breach that affected as many as 70 million american shoppers. that's next on c-span. . >> reaction to a congressional budget office report that says the health care law will reduce the work force by 2.4 million jobs, which you just saw. then a house panel damage u.s. marijuana policy. later a pentagon briefing alleged naval test cheating on a nuclear reactor training. next washington journal, we will talk to florida congressman about u.s. marijuana policy. then marilyn representative donna edwards will discuss the latest cbo report that the deficit will drop to 514 billion. this week's

if you go at it piecemeal, whether a bank tax on mortgage interest eduction, you never get it resolved reality is you want to balance the budget and get the debt in line with where it ought to be. you are going to have to do very dramatic things. i am glad that conversation is starting. you are known as one of the most courageous talkers in the midwest. you went to battle with catholic priests over different topics that you represent the fatcats, no question. you represent the fatcats. how do you get big banking back in sync with mainstream, told the, oklahoma? >> i am one who -- i am kind of un-american first. -- i am kind of an american first person. we have a balance of payments surplus so we all can cover to that. to the american -- average person is a small bank. if you have a caterpillar headquarters, big banks will help them internationally. and the smaller and regional banks, their employees -- it all holds together. big banksr, aren't too big? one group says they have to be big internationally and the other group says they are to back. are they to dig? >> of the top 10 banks i