committee holding a hearing this morning with elizabeth warren.ey are apparently having some problems with the sound system. we will resume live coverage when they get experience in about 10 minutes, the u.s. house will capeline for morning our general speeches. we will break away for that coverage. this will continue to stream online at c-span.org and we will also would back after the morning session with the house. the house comes in with legislative business today at noon peake -- a 12:00 p.m. eastern. there are about 15 bills scheduled today for the house, including one that offer cash rebates to those who trade in their older cars for new work, more fuel-efficient vehicles. -- for newer, more fuel- efficient vehicles. you can follow senate coverage on c-span2. >> the joint economic committee here waiting to resume, looking at the troubled assets relief program. they are hearing from elizabeth warren, who heads the congressional oversight panel. our other live coverage includes at about 10:30 a.m. eastern on c-span3 will have live coverage of

this panel that elizabeth warren chaired has looked at the operations of the program.rp is not popular. but the point that tim geithner and others have made is that it does seem to have some role in having save the financial system last fall. you never know what would have happened if tarp had not been put into place. many of economists say the downturn would have been worse. but this is not a popular program and banks' people are not popular in washington or across the country. but i would not expect public statements of them saying that. host: do you think that if things get into trouble again they can go back for tarp funds? guest: i believe they are. i do not think anyone wants to, though. one of the things about the stress tests is to encourage banks to build up reserves so that they are more solid and can weather another economic downturn. as banks leave the tarp program executives have a strong desire not to re-enter it. host: john shaw joined us this hour. . caller? caller: thank you for c-span. i would give obama and a, he jumped right in as soon as he took of

please join us for lunch with elizabeth warren in the grand ballroom. it's a quarter to 11:00, sorry. join us for a luncheon with elizabeth warren in the grand ballroom whose role in the country has even exceeded what it was when she was invited. volunteers will be onsite to address you to your appropriate locations. please remember to return cle evaluations to the table. thank you to the sponsor of this plenary session, and the american federation of civil employees. thank you all very much. [applause] [inaudible conversations] >> president obama heads to russia next week for talks on nuclear disarmament and other issues. today in washington, a group called global zero commission looked at the future of u.s. and russian weapons reductions. this is just over an hour. >> thanks very much. i think we're still rounding up certain members of our commission but i assume these seats will be filled in the course of our press conference today. my name is richard burt and i'm a member of the global zero commission. the commission held its first meeting here in w

the witness is elizabeth warren who was appointed by congress to oversee the program. and we'll show a portion of the joint economic committee hearing which begins live at 10:00 a.m. eastern until the house of representatives gavels in at 10:30. follow house debate on c-span. .

elizabeth warren will be there. we will show a portion of the joint economic committee hearing which begins at 10:00 a.m. eastern until the house gavels in at 10:30. >> how is c-span funded? >> private donations? >> i do not really know. >> from public television? >> donations. >> i do not really know where the money comes from. >> federally? >> how is c-span funded? 30 years ago, america's cable companies created c-span as a public service, a private initiative, no government mandates, no government money. >> president obama and vice- president biden laid out plans for stimulus of funds over the summer with a goal of creating or saving about 600,000 jobs in the u.s. economy. they made remarks just before a cabinet meeting in the white house. this is about 15 minutes. >> it seems strange to thank you for joining us in your house, but thank you for joining us. now, paying people a good, decent wage. because of the tax credits, the company in missouri is building 100 new windmills. this is happening all over. we went

. >> now the chairman of the congressional oversight panel, elizabeth warren. congress created the oversight panel to supervise the t.a.r.p. program and the treasury department. mrs. hartman was the full witness. this is an hour. >> i should start by saying, i am not scripted, so you should take my comments as my comments alone and not necessarily reflecting those as -- of the panel. i will do my best to reflect the views of the panel, but otherwise you should understand you are hearing from me. we are the smallest of the oversight units here, especially as compared to the inspector general. what we try to do here is a fact-based analysis of the operations under the toxic relief program and the impact of that program. we're really trying lard to see what the effective necessary -- we're really trying hard to see what the effectiveness is and ways to make it more effective. we return to the same theme that we started with our first report about transparency, accountability, and clarity throughout the system. and they appear again in a report that we issued today

. >> harvard law professor elizabeth warren heads to the congressional oversight panel which monitors the spending of the $700 billion troubled asset relief program. she will testify this morning before the joint economic committee on the recent bank stress tests. we will have live coverage right after "washington journal" at 10:00 a.m. eastern on c-span. and treasury secretary timothy geithner and the irs commissioner today before a senate appropriations subcommittee talking about their 2010 budget. at 2:30, health and human services secretary kathleen sebelius. you can also find them online at c-span.org. >> how is c-span funded? >> private donations? >> taxpayers? >> i do not really know. >> from public television? >> donations. >> i do not know where the money comes from? >> contributions from donors? >> 30 years ago, america's cable companies created c-span as a public service, a private business initiatives. no government mandate, no government money.

congressional panel overseeing the treasury department 700 billion-dollar troubled asset relief program, elizabeth warren, will talk about her panel cost in report. live coverage starting at 10:00 a.m. eastern on c-span. also tomorrow, treasury secretary tim geithner and irs commissioner douglas shulman testified before a senate appropriations subcommittee about the budgets for next year. live coverage it 10:30 a.m. eastern on c-span3. >> now a house hearing on the use of the state secrets privilege. it allows the government to withhold national security related information during a trial. jerrold nadler of new york chairs the subcommittee on the constitution. he is the coates author of legislation that would make it harder to use the state secrets privilege. this is an hour, 30 minutes. >> this hearing of the subcommittee of the constitution civil-rights and civil liberties will come to order. today's hearing will examine the state secrets privilege for the chair recognizes himself for five minutes for an opening statement. today is the committee examines legislation that i have introduced along with th

. >> elizabeth warren has mentioned the fact that the stress tests may have missed a big area of stress, which is a commercial real-estate lending. is that true? are you reckoning with that? is it something you have buried under the carpet? >> the stress test was designed by the fed and the work careful to put in conservative estimates of potential losses across all types of credit assets. there is a picture in the report that is very important -- it shows what they used against peak losses over the last century. the estimate they use, this is not a prediction, but it is an abundance of caution to make sure there is a thick enough capital cushion, the estimates they used was worse than the peak two years of losses in the great depression. when emperor -- when unemployment was 30%. it was a very conservative test. when the results were disclosed any south level transparency brought to a bank balance sheets, you have seen a lot of capital coming to the financial system. >> you were in china recently. i wonder how worried are they about their debt and america. you mentioned that you're hop

before i take too much credit for it, the idea really originated with elizabeth warren. she is a professor at harvard law school who is one of the more creative and innovative people who advises us here on capitol hill. she realized, as most of us do, that most consumers and customers and businesses are at the mercy of a lot of regulations and a lot of fine print that's almost impossible to follow. so she suggested the creation of this agency and the president followed through today. it's simple. an agency staffed by people who wake up in the morning thinking about how to make consumer financial transactions safer in america and more understandable. it'll mean that we're going to protect consumers from making mistakes, making decisions that could be very damaging to them economically. today there are no fewer than 10 federal agencies with responsibility for consumer protection, from predatory and deceptive financial products to a variety of other areas, but none of them -- thought one of them -- has oversight as its primary objective. that's going to change with presiden

. >> elizabeth warren will testify this morning before the joint economic committee on the recent bank stress test. we'll have live coverage right after "washington journal" beginning at 10:00 a.m. eastern. on c-span3 today a couple of fiscal year 2010 budget hearings. first up, treasury secretary timothy geithner and the i.r.s. commissioner today before the subcommittee talking about their 2010 budget, 10:30 eastern. in the afternoon at it it:30, health and human services secretary kathleen sebelius on her department's budget. both of those theargs on c-span3. you can also find them online at c-span.org. >> how is c-span funded? >> private donations. >> i don't really know. >> from public television. >> donations. >> i don't know where the money comes from. >> federally? >> from donors. >> how is c-span funded? 30 years ago america's cable companies created c-span as a public service. a private business initiative. no government mandate. no government money. >> there's still time get your copy of c-span's "2009 congressional directory." district maps, how to contact committees and cau