general the internal revenue service today out at least $5.9 billion in improper payments payments that went to people that did not legally qualify for the benefit. listen to what russell george, the treasury inspector general for tax administration said. "the i.r.s. has continually rated the risk of improper additional child tax credit payments as low. however," he said, "our assessment of the potential for improper payments in this program indicates that it is an improper payment rate similar to that of the earned-income tax credit." what is that rate? about nearly $6 billion and even more than that over a period of time. "it is imperative," he said, "that the i.r.s. take action to identify and address all of its programs that are at high risk for improper payments." so today we're talking about one of those programs that us russell george said we ought to be taking a look at. and we'll be looking at others later. it is a pretty easy fix that we are proposing. i am submitting legislation that would require the submission of a valid social security number in order to get the tax credit. requiring this doesn't take the credit away from anyone who legally qualifies for this credit but it do

clarify that all the money in the domestic trafficking victims fund must be derived from the general treasury. this is an objection i don't personally understand but we want to make it clear perhaps to help our colleagues get to yes that all of the money would be derived from the general treasury which of course is where all federal funding comes from and we would make clear that all of the money would be public dollars. i don't really get this because tax dollars are private dollars until you give him to the government and then they are no longer private. fines and penalties are no longer private once you give them to the government than they are public. i want to eliminate any rationale for any objection and say explicitly that these would be public dollars. the requirements would not be placed on the fees and penalties. that seem to be a matter of concern we tried to address that. as i explained the amendment would do what i have tried to address the concerns that the democrat colleagues who have blocked the bills so far bill so far have continually expressed. the language is just the same

will come not just from fines assessed to the criminal perpetrators but also money from the general treasury money. therefore, that means the money will be able to be subject to these restrictions on abortions and so it's a little bit technical but the idea here is that democrats did not want to expand that so-called hide amendment of anti-abortion restrictions to money that wasn't taxpayer money. this deals with that. i should mention these details we're getting are from the republican side so it's a republican source. we're still working to find out exactly what the democrats are saying. it should be the same thing since this is a deal that both sides have been working on and have reached. we'll have more on that as we get it. >> athena jones, thanks so much. i appreciate the explanation. >>> also this just into cnn, the reserve deputy who shot and killed a man in tulsa, oklahoma has just pleaded not guilty. robert bates showing up for an initial court arraignment after all this happened moments ago. he's currently free on $25,000 bond. that's obviously not him. that's the incident that to

the proceeds to not go to the general treasury. >> but it did not go their way and leonard either. the court was basically saying that the government could do this. it is commerce. as far as it can meet the test there is some nexus between the government goal and the regulation command it is ok. there they use it to fertilize oyster were to be fertilize the oysters. here they are doing it to maintain prices and giving you whatever is left over on the reserve. >> the fact of the matter is the oysters belong to the state of maryland, and when the state of maryland decides to allow fishermen -- >> where and leonard was this discussed? >> am happy to file a supplemental brief with the maryland citations indicating the oysters belong to the city maryland. >> i thought that was the constitution required for taking was just compensation , not a reasonable nexus to a good policy. >> you are not wrong about that. i suppose -- what we can ask them the position or you can characterize it if you choose. >> what differences that make. and you understand that to be the underlying premise in the

the proceeds to not go to the general treasury. >> but it did not go their way and leonard either. the court was basically saying that the government could do this. it is commerce. as far as it can meet the test, there is some nexus between the government goal and the regulation command it is okay. there they use it to fertilize oyster were to be fertilize the oysters. here they are doing it to maintain prices and giving you whatever is left over on the reserve. >> the fact of the matter is the oysters belong to the state of maryland and when the state of maryland decides to allow fishermen -- >> where and leonard was this discussed? >> am happy to file a supplemental brief with the maryland citations indicating the oysters belong to the city maryland. >> i thought that was the constitution required for taking was just compensation not a reasonable nexus to a good policy. >> you are not wrong about that. i suppose -- what we can ask them the position or you can characterize it if you choose. >> what differences that make. and you understand that to be the underlying premise in the

it goes to the general treasury fund. in a lot of ways, it probably shouldn't come to us.t is clear that the way we run the organization is nobody gets measured by or paper or ms. award by how much they collect. the agent they are dealing with is not going to get more or less paid depending on how much you end up owing. one of my recent hearings, someone suggested that we are doing this and we could give a little of that money to the irs. ultimately, we need to be funded directly and people ought to be comfortable that we are being more aggressive. i would note that i have been to 37 offices and held frontline meetings and employees. i've had lunch every place with plenty of employees. when i go to call centers, it's not that they are underpaid. the issue is there not enough people to answer the phone and provide the service that taxpayers have a right to guess. i had a manager on the call center that went back and i think it reflects what everybody have talked to in a call center says. they feel a sense of satisfaction. if you've got a question, they can answer it and fee

it goes to the general treasury fund. in a lot of ways, it probably shouldn't come to us. it is clear that the way we run the organization is nobody gets measured by or paper or ms. award by how much they collect. the agent they are dealing with is not going to get more or less paid depending on how much you end up owing. one of my recent hearings, someone suggested that we are doing this and we could give a little of that money to the irs. ultimately, we need to be funded directly and people ought to be comfortable that we are being more aggressive. i would note that i have been to 37 offices and held frontline meetings and employees. i've had lunch every place with plenty of employees. when i go to call centers, it's not that they are underpaid. the issue is there not enough people to answer the phone and provide the service that taxpayers have a right to guess. i had a manager on the call center that went back and i think it reflects what everybody have talked to in a call center says. they feel a sense of satisfaction. if you've got a question, they can answer it and f

it all goes to the general treasury fund. and in some ways, in fact, in a lot of ways it probably shouldn't come to us. in other words one of the things it's clear in the way we run the organization is nobody gets measured by let alone a performance award by how much they collect. so people should be comfortable that the agent they're dealing with isn't going to get mores pay depending on -- more or less pay depending on how much you owe. somebody suggested well, you know, we're doing this, we could give a little of that money to the irs, and it certainly would help the funding problem, but i think ultimately we need to be funded directly, and people ought to be comfortable that we're, by being more aggressive we're not helping ourselves by building the budget up. i would note just maybe as a closing point, i've now -- i've been to 37 offices i've held front line meetings with front line employees at every place managers at every place union people at every place, had lunch with 20 employees. and when i talk to, go to call ce

it goes to the general treasury fund. and in some ways, in fact in a lot of ways, it probably shouldn't come to us. one of the things that's clear in the way we run the organization, nobody gets measured by let alone paid a performance award by how much they collect, so people should be comfortable when they're negotiating or talking with us that the agent they're dealing with isn't going to get more or less pay depending on how much you end up oweing, but it is attractive. one of my recent hearings an appropriation hearing, somebody suggested, we're doing this, we could gif a little of that money to the irs and it would help our funding problem, but ultimately, we need to be funded directly and people ought to be comfortable that we're by being more aggressive, we're not helping ourselves by building the budget up. i would note as a closing point i now, i've been to 37 offices. i've held front line meetings with front line employees at every place. managers at every place. union people at every place. had lunch every pla

a committee that includes the attorney general, secretaries of treasury defense, homeland security commerce and energy and, of course the secretary of state. that same month, the same month bill clinton suddenly received a $500,000 speaking gig in moscow by a russian bank that wanted this deal and badly. and the company that took control of so much of america's uranium, well they were big clinton fans. donating at least $2.35 million to the clinton global initiative from 2009 to 2012. donations as it turns out, the clinton charity did not disclose. in fact the donations were only unearthed after clinton cash author peter schweitzer dug up tax records of a foreign foundation up in canada that happened to show these payments to the clinton charity. and in the end, with the deal signed off on by secretary clinton, we are looking at real questions about whether the united states of america is now sending american uranium through russia on to iran. a country that devotes itself to wiping israel off the map, and which has actively fought the united states and iraq and elsewhere. by the way, we al

these new learner e-mails were discovered with the treasury inspector general's office and handed over to the finance committee just last night. the discovery coming just a little after a month after the i.g.'s office turned over some 3200 e-mails that were thought to be gone in that hard drive crash. and costaman testified. here's what he said. >> the actual hard drive after it was determined dysfunctional no e-mails could be re-created in the normal process. >> the house ways and means committee will review the e-mails and quote, and discover this underscores that the far from investigation into irs abuse is far from over. and will help resolve remaining questions and dispel you certainty around the e-mails. of the state department is expected to release a report on the missing e-mails. the i.g. said back in february it was also investigating, quote, potential criminal activity. >> wow, 6,400 e-mails. doug thanks. >>> moments from now, baltimore police getting set to hold that police conference. we'll bring that to you life. >> meantime hillary clinton weighing in. some 3,000 police

appropriated into these programs for grant purposes, now that money would come from the general fund of the treasury in an equivalent amount of the fines and penalties. so money being fungible, there is no loss of funds but what we've done is we've tried to address their concerns. i think in a way that eliminates them. for all the senators who have cosponsored this legislation which i'm very grateful for senator klobuchar senator wyden, senator coons senator udall, senator casey senator feinstein, senator gillibrand, senator heitkamp, senator schumer, senator blumenthal, senator peters, senator durbin to all of our democratic friends who previously objected based on the original provision, i hope they will take a look at this change because it does address directly their stated concerns. so let's get this done, mr. president. we will vote on this tomorrow, but i'd rather not wait for that time i'd rather try to get this done today if we can and we might be able to do that by agreement if everyone agrees that this provision this change addresses those stated concerns. mr. president, i yield the floor

the treasury inspector general is expected to release a report later this year on what has been the new-mails. in congressional testimony last february a deputy ig testified they are also investigating potential criminal activity. bret? >> doug thank you. we'll follow it. >>> up next we learn of hundreds more previously undisclosed donors to the clinton foundation. >>> first, here's what some of our fox affiliates are covering tonight. fox 5 in new york with the jury in the trial of the man accused of murdering a 6-year-old in 1979 says it is dead locked. the jury has been deliberating since april 15th. the judge told them to keep at it. fox 40 in sacramento where california governor jerry brown is threatening $10,000 fines for people who waste water. brown wants to cut water usage by 25% in the state, now in the fourth year of a severe drought. this is a live look at orlando, florida, from our affiliate fox 35. daredevil nik wallenda strolled along the orlando eye observation wheel. the eye opens to the public next month. that's tonight's live look outside the beltway from "special rep

treasury department's inspector general found 6,000 previously missing emails have been found and will be delivered to congress. they are from 2010 and 2012 when the irs has a smart -- admitted targeting teapartier groups for the tax-exempt status so-so be among the most critical that the commissioner himself said to congress their ear retrievable they are missing and they are lost and he is completely wrong. hillary clinton with the first major policy speech talks about rebuilding trust despite the scandal that threatens revisions for the white house. >> we must begin to rebuild the bonds of trust and respect among americans. between police and citizens, yes but also across society. restoring trust in our politics, our press comment our markets between neighbors and people with whom we disagree politically lou: the man whose book that reveals a number of disturbing questions and more they and troubling users, talking about the trust of hillary and bill clinton joining us "new york times" best selling author peter schweizer from the soon-to-be released "clinton cash" it is on sale may

assistant general counsel dolls from the department of the treasury. commissioner bell from cpb office of international trade as well as jericho from gct. members benefit to answer any questions that anyone has. briefly describe the main pieces of the proposal. >> the committee is considering a proposal to reauthorize the trade facilitation -- >> is your -- is your microphone on? >> the trade facilitation and trade enforcement functions of the united states customs and border protection and other agencies, seven titles. title i considers the trade trade, facilitation and enforcement mission of cbp. the import health, and safety mission. the import related protections of intellectual property rights missions. title v establishes new requirements for cbp to combat evasion and anti-dumping and countervailing duty orders. additional trade enforcement intellectual property rights protection requirements primarily for agencies other than cbp. title iv and seven contain miscellaneous provisions. thank you, mr. chairman. >> the senator 70 questions regarding t

general market? mr. koskinen: the treasury department has provided guidance in that regard. that point has been made. senator lankford: kaiser family foundation has done a tremendous amount of research. they listed in their research only 4% of households received the correct obamacare subsidy. that is not your responsibility, but it becomes a big issue on managing and affects a lot of people as they go through their tax planning and preparation. it is one of the aspects that has to be corrected. if we have 4% of folks receiving the correct subsidy upfront, we have a major problem to be dealt with. otherwise, they have to deal with the consequences of it. mr. koskinen: you have a much higher percentage of people estimating their income. what you are doing at the front end is making an estimate of what you're making at the future. that determines your premium. so, unless you know your job and know that your income is not going to change, you are always going to be making an estimate that by definition will never be 100%. senator lankford: it sets up americans to fail. mr. koskinen: what will happen is

jeff: tim is the treasury department's deputy inspector general for tax administration. he says if crooks can't get your social security number there's another weapon at their disposal. more than 400,000 intimidating phone calls have been made by scammers posing as i.r.s. agents. threatening arrest if the taxpayer doesn't pay immediately. >> what we've seen in this particular scam is now the introduction of robo calling. >> internal revenue services. your address is under state investigation. >> and a lot of people fall for this. >> lot of people fall for this. jeff: in fact calls like this have fooled 3300 people nationwide. victims collectively paid out $17 million as a result. an average of $5,000 per victim. >> each week we get between 9,000 and 12,000 new reports that somebody has been contacted by impersonators of the internal revenue service. jeff: a lot of people won't report they've been scammed out of embarrassment or don't want their loved ones to find out what exactly happened. even kamus received a robocall not that long ago one that was very direct and thre

according to the treasury department, inspector general, that's not me, the inspector general. the irs used inappropriate criteria to deny tax-exempt status to predominantly conservative organizations ask unnecessary questions and lastly slowed approval of the application initially, president obama remark that any irs actions to target conservatives would be quote outrageous. than last february the president said there wasn't quote, even a smidgen of corruption in what occurred at the irs. a smidgen of corruption unquote. yet a few months later in june the director of the fbi, director comey testified before the house judiciary committee that there was a quote very active ongoing criminal investigation into the matter. so this brings me to these questions. i'd like to know how to reconcile these two statements. if what the president said was accurate, and why in the world withwould the fbi be conducting an ongoing criminal investigation? a rhetorical question. with the fbi investigation he just for show? i'm going to take director comey at his word. so if there is an ongoing cr

what's interesting about 2015 so far too is the volatility in q1 for the ten-year treasury note and bonds in generaled where it was last year. it's all over the place. which suggests as you get closer to a fed meeting, language becomes more important. i would fade bonds a little bit here. >> the consensus is that rates will go up across-the-board. and i would make you the case, that, yes, your terms will go up very gradually. but the ten-year treasury at 190 and 185 and the german rate at 333. and the japanese rate at a similar rate. i think the yield curve will flatten. charles: because of the -- because of the international -- >> looking to play blackberry or ewj. which is japan. don't see an extreme potential downside. any thoughts? #makingmoney an. you'rewayoutofthebox. i'm out of the stock. wouldn't touch it. japan has broken out. i wouldn't argue with you if you want to chase the trade. i would be nimble. >> nothing on blackberry. when it comes to japan, i know it has had a great run. if you're a long-term investor, demographics, destiny, a company that sells more adult diapers than baby diape

according to the disclose of the irs, according to the treasury department inspector general the irs used inappropriate ways to deny tax-exempt status to organizations, asked unnecessary questions, and slowed approval of their applications. initially president obama remarked that any irs actions to target conservatives would be outrageous. then last february the president said there wasn't even a smidge of corruption at the irs. yet a few months later in june the director of the fbi testified before the house judiciary committee that there was a quote, very active investigation into the matter. i'd like to know how to reconcile these two statements. if what the president said was accurate, then why would the fbi conducting an ongoing criminal investigation? a rhetorical question. would it be just for show? i'm gonna take dir. director comay at his word. if there is an ongoing investigation at the fbi how could it be possible or be appropriate for the president to reach the conclusion about the fact before director comay? let me say at the outset there is certainly no place for bias o

represents those 3.3% that may not sound like a lot but compared to the 10 year treasury i think it is a place to generate: also a burlesque joint. [laughter] >> why me? train wreck obviously. >> we have a show there tonight. we're trying to get earnings but nobody covers this company because it is politically incorrect. >> it is a cheap stock and makes money and make sense. >> guys year you provide me stick with alcohol. >> where can i a locate the dividend date? >> looks like you're specifically talking about noble corporation and we will touch on that later but the dividend thing is a great question. >> every day if you keep in mind the next day it trades dash so it is not a great way to make money the stock just the next day's so be careful. charles: when do have to buy it before you qualify? >> you have to buy before the date. >> go to dividends.com also nasdaq. >> dray questions. you are engaged in "making money". housing market and i think there is a way to make money on this. i will tell you what it is when we come back. ♪ ♪ you're down with crestor. yes! when diet and exercise aren't enough, addi

assistant general counsel dolls from the department of the treasury. commissioner bell from cpb office of international trade as well as jericho from gct. members benefit to answer any questions that anyone has. briefly describe the main pieces of the proposal

treasury in terms of your ability to go after the criminals? >> well, enforcement alone the return is over ten times the amount. as a general matter, when you give us a dollar you get $4 to $6 back. we are the only agency in the government, if you give us money, we promise to give you more back. >> let me make sure i understand what -- make the point because this sometimes -- and i don't want to get to a -- maybe i will get to an aggressively partisan place here -- but when you estimate your taxes, you're deciding what you're going to make and what you're going to owe the government and then you decide what's going to be withheld withheld. and if you're right then if you're perfect then it's even you don't owe anything, you don't get anything back. you underestimate your income you might owe more. if over -- you get less, if yo you overestimate you might have to pay more. this is something the taxpayer has to do every year. >> that's correct. >> what we're doing with the aca is exactly the same thing? the individual has to estimate whether or not they are entitled to get this amount of money for their insurance premium or i

the assistant secretary from the department of commerce and the assistant general counsel to us from the department of treasury as well as terry and tom from the committee of taxation and members in a fit to answer any question you may have. would you briefly describe the main features of this proposal and we will go from there. >> the committee is considering a proposal to establish training objectives and enhanced consultation requirements. the proposal is divided into five sections. section one establishes the negotiating objectives of the united states. section two provides authority to enter into certain trade agreements if they make progress toward the traditional negotiating objectives and subject to congressional notification requirements for july 2018 or if extended by congress, july 2021. provides requirements for the presidential confrontation and it states that the united states trade unions must meet upon request with any member of congress, provide access to pertinent documents, engage in consultation with the senate finance committee and with jurisdiction over laws that could be affected. includ

treasury in terms of your ability to go after the criminals? commissioner koskinen: enforcement alone, the return is over 10 times the amount. as a general matter, when you give us one dollar you get 4-6 dollars back. we're the only agency where to give us money we promise to give you more back. sen. mccaskill: let me make the -- make sure i understand, make the point, because sometimes -- and i don't want to get to -- maybe i will get to an aggressively partisan place here. when you estimate your taxes you are deciding what you're going to make it what you are going to all of the government and then you decide what will be withheld. if you are right, if you are perfect, then it is even. you don't owe anything or get anything back. but if you underestimate your income, you might owe more. if you overestimate your -- you get less. and if you overestimate you might have to pay more. this is something every taxpayer has to do every year, correct? commissioner koskinen: that's correct. senator mccaskill: so what we're doing with the a.c. samplet the same thing. the individual has to estimate if they're entitled to get this amount of money fo

dispute what he's saying with the lack of liquidity in the markets when it comes to treasuries and what corporate bonds in generalcould be the implications of that? have you started to put your head around what could happen as a result? >> i think i said that there was, i thought, serious issues around liquidity. that i thought that regulatory authorities made a mistake when they looked at each institution and they said you'll be safer if you withdraw from the markets a bit. and then forgot that if all institutions withdraw from the markets a bit, the markets will be less liquid. the markets themselves will be less safe. and that will in the end hurt all the institutions. so i think there is a real issue there. and i think that frankly a lot of the effort that's going into what's called macro credential should be shifted towards making sure that we have market liquidity. >> who do you like at the masters, larry? >> i think it'll be a tussle. i'm for phil. >> are you? i love phil too. we'll see. and he's closer to our age, maybe, and we kind of pull for him. we're still good at this age at some things. i think. i

treasuries. emily: he says most investors want to wait for 12 to 18 months because that's when the u.s. quantitative easing program is set to end. a generic drugmaker has rejected an unsolicited takeover offer from island pharmaceuticals saying the proposal does not reflect the value of the company. this comes after there was an unsolicited $40 billion offer. mylan says it wants to stay independent. the saudi arabia-led coalition has ended its airstrikes in yemen. officials say it has succeeded in illuminating threats in the region by shiite rebels. the coalition will launch a new operation designed to protect civilians, distribute aid and restart political talks. a couple of food chains reporting earnings this afternoon -- shares of chipotle mexican grill is falling, hurt by higher menu prices and supply chain problems causing a shortage of pork. kfc pizza hut and taco bell owner, yum! brands, is rising. the company is showing some signs of a turnaround in its china business. ride sharing company, uber signs a partnership with capital financial. cardholders will get 20% off when they use their card to pay for uber fares. uber has already

treasury. olivia: abby, do you agree with that? abby: there was distortion in fixed income in general.t 10 year government bonds around the world, there is not a single one that offers good value right now. in some cases, the yields are negative. in other cases, they are very close to zero. when we try to do valuation on bonds the same way we do our own stocks, we cannot find any that offer value. what that means is that many investors are going for much lower quality fixed income securities. that is a bit worrisome. they are lower quality and there are risks of default and so on. olivia: or maybe at 1.9%, the u.s. 10 year is a whale of a bond. as to her twitter question of the day, should the justice department prevent time warner cable and comcast from merging? ♪ tom: good morning, everyone. i'm tom keene and with the olivia sterns and brendan greeley. olivia sterns had a fabulous morning must-read. olivia: it comes from new world mythology. one of the myths that he seeks to debunk is that it is greece's fault. lenders lose money and that has always been the case. tom: i'm going to j

general act and appears to be unique to the department. the departments of defense, justice, homeland security, the treasury and the irs, agriculture and interior defer to their igs for the investigation of criminal or serious misconduct by their employees. their igs have the right to decide whether to conduct the investigations themselves or refer them back to the agency components. particularly where senior officials are involved, the failure to refer allegations of misconduct to an independent entity like the oig necessarily creates a perception of unfairness as management is seen to be investigating itself. finally, i would like to close by talking about the impact of our work. in my written testimony, i quantified some financial metrics demonstrating our positive return on investment to taxpayers. but financial statistics do not adequately reflect some of our most significant impacts -- the safety and security of people and the integrity of the department's operations and reputation. those are key motivators for our employees, many of whom are on the road for long periods of time or would serve for extended periods at dangerous posts. i am

generic pablum, it turned out. it was under wilson's watch as president that the national government went jim crow. there's an enormous amount of backsliding, the segregation in the treasuryal agencies had -- was unprecedented. and it drove trotter nuts. c-span: our audience should know this is in the public domain, so they can go on youtube and find it. there are plenty of opportunities to watch the whole thing, the if you want to. we're going to show excerpts. here's one, it's #u 16 and -- 1:16. it's some slaves shown in demeaning roles at the early part of this movie. ♪ ♪ c-span: what's the time period here? >> guest: this is before the civil war. and this is, you know what's known as part one of the movie and what not. and the notion here is to show that they're kind of -- you're right, demeaning roles be but they're a fun loving bunch of slaves. there's a certain harmony about it. and peace and well being in a way. this is part of like the looking back to the, you know, pre-civil war years that are part of the so-called lost cause and the nostalgia for a time that wasn't so bad really for everybody. c-span: and where is this actual location? >> guest: this is in the

generation. we reached a record high in early march. then we got to it again in late april before coming back down. if you look over at the treasuryreasuries were lower but they have erased to their declines. deals are little changed on the session, but a much -- yields are little changed on the session, bumpy much holding up. we had a week -- wages are picking up a little bit more than what economists had been anticipating. it is a big question as to when the fed moves next. june is probably off the table. september still there. the dollar is unwinding. the first monthly decline since june. alix: it is a very confusing market. i am here with lisa and carl. it is very confusing. we still have a dovish fed. we still have the ecb pumping money. we still have the boj pumping money as well. lisa: the people i spain to say this is the unwind of a lot of crowded trades. you have some capitulation. you have people getting out of overbought -- the dollar, for example. if the fed is going to hang out for longer it doesn't make sense to think the dollar will keep appreciating, especially on the other hand over the pond over the atlantic, se

for a moment cassia -- treasury reporter for bloomberg news and the speakers' committee member who organized today's dinner. thank you. herve -- [inaudible] u.n. undersecretary general for peacekeeping measures. the washington bureau chief for kyoto news. dena fine-marin associate editor and journalist for scientific american. mark -- [inaudible] senior associate editor at kiplinger's personal finance and treasurer of the national press club. [applause] the united nations celebrates its 70th birthday later this year. that's seven decades of international peacekeeping, humanitarian aid, assistance with economic development and support of human rightings. while -- rightings. while particulars of the u.n. agenda change from time to time, the underlying goal has remained constant; to prevent another conflict like world war ii. ban ki-moon the former foreign minister of south korea is serving his second term as u.n. secretary-general. he has been on the job since 2007, and he is the eighth person to hold this post. during ban's ten your, the u.n. has -- tenure, the u.n. has responded to crisis in darfur, the proliferation of weapons of mass destruction the effects of glo

general act and appears to be unique to the department. the departments of defense justice, homeland security, the treasury and the irs, agriculture and interior defer to their igs for the investigation of criminal or serious misconduct by their employees. their igs have the right to decide whether to conduct the investigations themselves or refer them back to the agency components. particularly where senior officials are involved the failure to refer allegations of misconduct to an independent entity like the oig necessarily creates a perception of unfairness as management is seen to be investigating itself. finally, i would like to close by talking about the impact of our work. in my written testimony i quantified some financial metrics demonstrating our positive return on investment to taxpayers. but financial statistics do not adequately reflect some of our most significant impacts -- the safety and security of people and the integrity of the department's operations and reputation. those are key motivators for our employees, many of whom are on the road for long periods of time or would serve for extended periods at dangerous posts. i am h

treasury, state defense, commerce. we have a lot of international agencies, and young people are more interconnected with the world than any other generation. there is no inherent reason why we should be operating the way we are today. the key is, do we rely on her -- our executive agencies to do what the law tells them to do, to the extent that a new administration, regardless of party will default back to , executive agencies, i think you'll see a very different american image around the world. and a lot more credibility. david: i had written two books now that have made the case. the white house apparatus is too big, the agencies have been allowed to atrophy, the role has become too centralized. it makes it impossible to do the job the agencies need to do. it also makes it impossible for the white house to do the strategic planning and implementation for all of it. that needs to be fixed and there are a variety of ways to do that, including cutting down the size of the nsc from 400 to 200. back what it was at the beginning of this administration. henry kissinger nsc had 30. we are over 10 times that. but you guys were special. [laughter

general. i think the demographic remains the elephant in the room and we are going to continue slow for the foreseeable future. alix: what did you make of the move in the treasury today there was an auction for the 30 year treasury yield and it did not go well. it looks like yields have been held down by four and others but in the u.s., people are saying with the possibility of inflation picking up, we are not sure. not a lot of conviction. people are saying what is the incentive? alix: is it jobs jobs and jobs? guest: we have retail sales and industrial production. then we get the regional manufacturing survey out of philly and new york and consumer sentiment. we know q1 was a bust at about 1% or 1.5%. did things pick up in march and do we see a healthy a rebound in q2? alix: let's look at where the markets are settling today. the s&p of about 9 -- we did see stocks claw their way back. the s&p was in negative territory. we did see a little bit of a rally into the closing bell. the nasdaq up by 23 points. or a look at the top movers, we want to get back to scarlet fu at the breaking news desk. what were the highlights? scarlet: we thought earnings would give u

[applause] attorney general holder: the result was never true simply -- the thought was never true simply -- never to simply take that money and put it in the u.s. treasury, but, with ways that we could get people back into their homes, or somehow try to reduce the debt load that they were dealing with. our trust division lives again and has had a tremendous impact in our country and in positive things that they have done for the american consumer. we announced or we heard today, that a merger -- which i think would have been extremely anticompetitive and not in the best interest of american consumers -- has been abandoned. that is because of the great work of the men and women in the antitrust division. our tax division, dealing with our allies in europe. disallowing the practice that had for too long gone on way people are way ahead and money that they needed to pay taxes -- people world away -- people squirreled away hidden money they needed to pay taxes on. indian country. you think about the tough history that exists between united states and our native people. we have put on track, i think, the ability to right some really historic wrongs. we have

generate returns year to year. we can't say, well, interest rates are going to rise in three years. erik: how long do you think before we see 5% yield on the 10-year treasuryhe gets going to be a wild. the good news, earnings are stable. we have over 400 private companies in our portfolio. they are doing fine. everything is ok, but they are not hitting the ball out of the park. in terms of year-over-year earnings growth, earnings pattern. erik: a baseball question before we go. some thought you would be a good commissioner to succeed bud selig. mark: rob is doing a great job. you talk about a travel schedule. he has been all over the country. i think he has gotten off to a great start. he has been to virtually every team in just a few months. he has addressed difficult policy issues we have been facing as a support, chief of which is frankly pace of game. we are shortening the games of it and that is great. erik: should we have fewer games? mark: that is something we will talk about in the next labor to. you may have a confluence of the players and the owners looking for the same thing here. erik: less revenue, of course -- mark: injury has become a key pa

which is what the general and others are responsible, rich is responsible to do, and north come norad a appropriate. but it's going to have actions from the state department, treasury, commerce because you're going to need to apply pressure in a number of different ways in order to change the behavior of our antagonist. and i don't believe we're very far along in doing that. if we had to do it tomorrow, it would be a significant pickup game. >> excellent. shall we go to the audience questions? question on the technology and you might say the full spectrum responses. i guess right here. >> good afternoon charles newstead state department. speaking just for myself as a physicist and not for the department or mr. kerry will fair me fire me. he's doing a great job. two points. in terms of the technology, mr. matlock talked about the various systems we could have terrestrially or in space. and as he pointed out, developing a capability in the satellites to shoot things down would be certainly better if we could do it. now, in particular the laser interests me because those are coming along very quickly. one -- not quite there yet. we don't have a laser that we can direc

general discussion. what's your next question? oh, not too much. but i can toughen you just much. he on behalf of president obama, gave us full discretion u.s. policy. and you can double check with the treasury. i know some people from treasury also here. all proposal regarding infrastructure development. the third point, u.s. insists on high standards. and for this one all will continue to keep information checked. last u.s. will go through everything both sides accept the strengthingening of the issue. >> going to call on matthew here in a minute. just a comment, if i could very quickly. we may be see in it as i think your comments indicates and as i think we're sensing here that we've exhausted the impact of accommodative monetary policy. you mentioned the impact of fiscal. but as a suggestion, just very quickly, i'm not asking you to respond. structural, that is you need structural reform in economies as a theme, a focus of your presidency next year in the context of the g20. the deep structural reform. although different in each of our countries is very profound. >> particularly in this idea and the increase of the potential productivity become more important. that's deep with the restr

treasury involved as well and turning units. the houthis are misunderstood as well. it is not well known here that in some parts of the country houthis are seen as the vanguards of the general opposition of the established political order in yemen. they are not a unified fighting force and their support may be transactional and shallow in parts of the country that we and the saudis consider as conquered. at the end of the day all politics in yemen are tribal and armies generally do not do well in areas occupied by hostile tribes. let me talk about the air campaign. my bias and career has been spent in the ground forces but you know it's important to look at this since that's what we're doing here. saudis for their part seem to have concluded that both yemeni air force and surface to surface missile brigade are under defacto control and made a point of targeting those capabilities early in the bombing campaign. they hit the surface to missiles twice. it is interesting to note with the mig-21s, they chose to crater the runways and hangars but not the aircraft itself. it seems to be an idea that eventually the yemeni state will reconstitute itself. so long as the runway is cra

but they'd only be placed upon money drawn from the general treasury. this is exactly what members on the other side have asked for. finally, as an additional measure of good faith my proposal would also include an amendment drafted by senator leahy, the ranking member of the senate judiciary committee that has been supported by every democratic member of that committee. this amendment would authorize the appropriation of additional funds in the domestic trafficking victims fund. some members on the other side of the aisle have filibustered this important legislation because they say they objected to language i included that references the hyde amendment. i have now agreed to strike that language. they are also filibustering because they objected to attaching routine hyde restrictions that have been the law of the land for 40 years the money outside the general treasury process. now i've agreed to change the language of my bill so that the domestic trafficking victims fund only includes money drawn from the general treasury. and i've also agreed to acce