lou: well, it is a right certainly that mccain and gramm exercise vigorously. an embarrassing admission from the cia director today. during a house hearing our worldwide trends he said he could not remember whether he travel to libya after the benghazi terrorist attack. >> were you in tripoli october of 2012 to review the benghazi attack as a member of the national security council? >> no, i do not believe -- i don't recall exactly when i was there, but i was not there after the attack. >> by was there in libya in october to "lou dobbs tonight." just check with my staff. lou: well, it is the response of what has been done nothing administration when it comes to dealing with these scandals, and it is a pretty well established trend by now, isn't it? >> well, let me take the irs situation first. i first learned about it from the same news reports that the most people learn about this. >> they wanted more security there. >> we were told they wanted more security. we did not know the one more security. >> when do you first know about the program officially, i belie

eric gramm will speak at a hearing today in washington. a hearing today in washington. he will anncr: at jennie-o we heard of a place in iowa eric gramm will speak at a hearing today in washington. he will where every thursday people ride 10 miles for tacos. we thought we'd show up and surprise them with a better kind of taco made with jennie-o ground turkey cooked thoroughly to 165. i feed my kids turkey tacos over regular tacos any day. i think they are light and they are just fresh tasting. yeah. when i eat well, i feel well. anncr: it's time for a better taco. the tacos tonight were pretty much perfect. make the switch. look for jennie-o ground turkey in a store near you. hales corners, wisconsin. nice pass by alyson dudek. can she hang on to that spot? and she does! [ male announcer ] with the u-verse wireless receiver, your tv goes where you take it, allowing inspiration to follow. ♪ [ dad ] looks pretty good, right? [ girl ] yeah. [ male announcer ] switch to u-verse and add a wireless receiver today. ♪ >> welcome back. fans are mou

actually a staffer of phil gramm. chairman of the banking committee.nniversarytuted a investigation of the federal reserve grid on the 100th year in existence, the committee has pledged to spend the year digging into what the fed doesn't how they can change it. janet yellen needs to be on guard. he is a very smart lawmaker. he can try to back witnesses into about spot. >> thank you so much. and sterling studied economics at texas a&m. >> what a surprise. >> i have no idea which way it will go. michael mckee thinks he will be gentle on chairman ellen. i am not sure. >> wall street is so excited. let's see if he will be a puppeteer. when we come back, a game changer in the nfl. we're talking about pro football getting its first openly gay player. we will talk about it when we come back. you're watching "market makers." you can watch all of our interviews on apple tv. it ran new experience featuring live, streaming, on-demand videos. we are on apple. ♪ >> good morning. "market makers" this morning. the vix 15.52 -- sonofi is a giant pharmaceutical company

to battle with the new names out there, everything from zoom to money gramm to bitcoin in the late segment planned for tomorrow. they cash for bitcoin is going into a position here. take it away. here is the countdown. >> up powerful winter storm slams into the south. next stop the northeast is paralyzing the entire city shutting schools and government offices. you were probably wearing it right now. wants to send money to the other side of the world? not long ago western union was the only game in townnbut now there is paypal, bitcoin and more. is bitcoin trulyyis a new threat to the original player? eighth cross business exclusive with the ceo. ali baba, the amazon of china planning one of the most talked-about ideas of the year, now you will soon see its new weapon on a site near you as ali baba goes mainstream u.s.. "countdown to the closing bell" starts right now. liz: i am liz claman, the last hour of trading, gathering salt from the tables in the commissary. the winter freeze has already turned some southern cities into a virtual ghost towns. it is not killing off stocks today. one

western union but they have gone to battle with the new names out there, everything from zoom to money grammgment planned for tomorrow. they cash for bitcoin is going into a position here. take it away. here is the countdown. >> up powerful winter storm slams into the south. next stop the northeast is paralyzing the entire city shutting schools and government offices. you were probably wearing it right now. wants to send money to the other side of the world? not long ago western union was the only game in townnbut now there is paypal, bitcoin and more. is bitcoin trulyyis a new threat to the original player?

written testimony indicates the commission enforces the federal data security statement statutes such as gramm leach bliley, fair credit reporting act, privacy protection act. do any of these require the entity whose collection of personal identification has been breached to notify customers yes or no? that is needed i would assume? >> absolutely. >> now sell early -- similarly to notify the federal trade commission or the law enforcement in general of such a breach yes or no? madam chair should the congress enact a federal data security breach notification in the law yes or no? >> yes. >> under such, should the ftc entities be exempt from the breach notification if they are already in compliance with the gabl, yes or no? >> no. >> should such be administered by one federal agency or by certain kinds of a collage of agencies? >> one agency. >> now, that should be the federal trade commission because of its long expertise, do you agree? >> i would agree. >> should the federal data security breach and notification law prescribe requirements for the data security with a reasonable standard alread

jack kemp would have horrible fights, you know, with phil gramm and others and then it would come together and they would come up with a tax reform plan. they would be constant battles on the budget, and there were a lot of different ways forward to it and the conservatives we believed even in the '90s, in 1994 we always talked about a legislative laboratory of ideas. and we talked about the market place of ideas, we always talked about the free marketplace of ideas. we would close the doors, go downstairs, debate nonstop among ourselves until we came up with the best plan for reform. that's just not the case anymore. in washington, d.c. if you veer off the path a little bit to the right or a little bit to the left, your ideological witchhunt that it suggests you are insufficiently conservative or republican. that's the tea party. that's a 9% party. that's the record low party. you go outside of this city, that i love and that i love living in and that i loved working in, a politically you go outside of this city and the republican party is a pretty vibrant party. we can probe 60% of -- we

. >>: kentucky senator gramm called planning to sue president obama and top officials and the national and for its national surveillance programs. they announced that paul plans to file this class action lawsuit today. the nsa has been under fire ever since the end result a released information regarding surveillance programs. >>: french president francois hollande didn't have a date at last night's white house state dinner in his honor. so he was seated in a very special place next to president barack obama and first lady michelle obama 3 the white house last fall invited hollande and his longtime girlfriend to come for a state visit. if the couple broke up weeks ago after hollande was caught in the tabloids have an affair with another woman. >>: and san francisco will get its own chance to host the french president. president francois hollande will be here today as city hall. mayor ed lee hamilton governor gavin newsom will have lunch with him and local business leaders. >>: >>james: nasa is releasing video of its curiosity rover as it slowly makes its way across the surface of mars.

this section, from what we can derive from other writings and speeches by senator bob gramm who chairedhat committee indicated an investigation on saudi intelligence connections with the two hijackers in san diego zoom, funding mechanisms and apparently also the fact that the fbi refused to allow it digress subcommittee investigators access to the informal who own a house where these two guys were saying -- staying. >> give me your predicate or request. >> further comment. two members of commerce have introduced a bill calling for every member to read the 28 pages and that it declassified. wonder what your thoughts are on that. >> -- >> well, i completely agree and have a lot of admiration for walter jones. republican from north carolina, and he was the person who when we went to war changed the name of french fries to freedom price because the french were not supporting our war. and then one day he read the book arrow called a pretext for war and he completely changed and became the most vocal anti-war opponent within congress. analysts and a great deal of admiration for him for a meet

actually felt that perhaps we were still locked domestic and if they would go to the point made by tom gramm at the beginning that what is happening now between russia and the united states may be you know. the basic question is can you sit still on the bicycle? can you sit still on the bicycle in definitely? particularly in the situation where there are so many pressures to move in some direction. and graham ellis and who had a piece in the national interest where she talked about the history of the great power of relations where you would have won power and one rising power and they looked during the last 5500 years and came to the conclusion that out of this case, he levin have resulted in the war. i have decided to do something different. i have tried to look to the best of my ability in their relations between the major powers starting with ancient greece. and i looked at the pieces where you would have power, which however in fact is not a status quo power but is in reality a revolutionary power. and another revolutionary vision power in my analysis on these cases without a single exce

. >> senator gramm the answer i think is yes. >> he said no. >> i have not had that conversation. >>s will have to be the last question. >> thank you. >> the question was, would you talk with them and report back to us. >> well, yes, i will when i can. >> thank you. >> senator sheen. >> thank you, mr. chairman. i would just like to add a modification to my colleague's comments about the 1-to-3 agree with that we negotiated. in fact they voluntarily not -- they voluntarily agreed not to enrich. it is a minor difference, but nothing important one. director twitter.com/booktv, want to follow up on the question about the impact from the leaks by edward snowdon and but the agency is doing to address that. you commented they you are in the process of changing the clearance process for individuals. can you describe a little more about what that means and when that will be completed? it has been over a year since edwards snowden has defected. i would hope that we can have a process in place. >> the system that we use today is, of course, people -- and i am speaking now of top-secret clearanc

authority to combat deceptive and unfair commercial practices as well as more targeted laws, such as the gramm-leach-blileyact. in all these kids, the touch tone of the commission's approach has been reasonable this. a company's data security measures should the delight of the sensitivity and volume of consumer information it holds, the size and complexity of its data operations, and the constant available tools to improve security and reduce vulnerabilities. the commission has made clear that it does not require perfect security and it is a -- and the fact that a reach occurred does not mean that a company has violated the law. and number of pc enforcement actives -- enforcement actions have resulted in [indiscernible] the ftc settled allegations that security deficiencies are vented hackers from gaining information of tens of millions of the and credit cards. to resolve these allegations, they agreed to install a competence of security program and to submit to a series of security audits. at the same time, the justice department successfully prosecuted a hacker. as this case illustrates well, the ftc and

concerns in that particular area and a reminder that all of our partners need to adhere by the way to the gramm-leach-bliley safeguarding customer regulation requirements so we are to have by regulation of linkage between our regulations and a third-party provision services within the supply chain. i think that what the framework does for us is we have talked about before is it gives us an opportunity to have a better vehicle to talk about how companies can implement that. i am with chris that i am cautiously optimistic on this one. i think over time we will see whether or not there is an increasing push toward making some of this stuff mandatory. i think some of that will obviously be driven by a fence and we will see what the next year brings. so i think it is up to congress in a lot of instances to make those kinds of determinations. there was a lot of thinking earlier that this stuff should be mandatory. that could be revisited so we will have to see. i think it's up to us and the private sector to do what we can on the market races to keep that from happening frankly to the extent we do our job governm

this section, from what we can derive from other writings and speeches by senator bob gramm who chairedhat committee indicated an investigation on saudi intelligence connections with the two hijackers in san diego zoom, funding mechanisms and apparently also the fact that the fbi refused to allow it digress subcommittee investigators access to the informal who own a house where these two guys were saying -- staying. >> give me your predicate or request. >> further comment. two members of commerce have introduced a bill calling for every member to read the 28 pages and that it declassified. wonder what your thoughts are on that. >> -- >> well, i completely agree and have a lot of admiration for walter jones. republican from north carolina, and he was the person who when we went to war changed the name of french fries to freedom price because the french were not supporting our war. and then one day he read the book arrow called a pretext for war and he completely changed and became the most vocal anti-war opponent within congress. analysts and a great deal of admiration for him for a meet

this tradition was later upheld by senator phil gra phil gramm d therefore senator kay bailey hutchison after him. and it is a tremendous honor that this privilege has now fallen to me. on february 24, 1836, with his position under siege and outnumbered nearly 10 to 1 by the forces of the mexican dictator antonio lopez de did he santa ana, "to the people of texas and all americans in the world, fellow senio senior citid patriots, i am besieged bi. i have sustained a continual bombardment and cannonade for 24 hours are and have not lost a man. the minute -- the enemy has demanded surrender at discretion. otherwise the garrison are to be put to the sword before it is taken. i've answered the demand with a canon shot and our flag still waves proudly from the walls. i shall never surrender or retreat. then i call on you in the name of liberty, of patriotism and everything dear to the american characteristic to come to our aid with all dispatch. the enemy is receiving reinforcements daily and will no doubt increase to 3,000 or 4,000 in four of or five days if this call is neglected, i am det

one of the biggest things that happened around the debt limit was the gramm-rudman-hollings law but thatame bipartisan. once the debate got going you hardly heard any mention of defaulting on the debt. in terms of what to do obviously my first choice is to get rid of the debt limit law altogether. my second choice was alluded to by a secretary lew. he noted what senator mcconnell did in the past. representative honda has a very similar approach in the house. the basic idea would be that you would give the president discretion to set the debt limit a year and it fams. the congress would be able to disapprove of what the president did. the president could veto that law and then it could be the supermajority and be overturned, this veto. .. >> we have a few countries with this mix of respect that we do have. and it is a relative perspective on how it came about and how it works. >> yes, so the experience with the debt ceiling relatively new. and this includes the budget and the financing decisions as well. and in 2008 is really a was in a unique situation of having an ever declining governm

senators like mitch mcconnell, phil gramm and culminated in 1988 with his work for george h.w. bush. he helped to make george h.w. bush the first sitting vice president to hold onto the vice presidency since martin van buren which was by all accounts a stunning achievement. what ailes does was he revolutionized american politics in the 1980s because he brought that show business savvy and those entertainment values to his work as a political consultant. he made some of the most memorable attack ads that still today are taught in the campaign schools. one of his ads which i want to sort of highlight two of them that showcase the thing that i think defines him as a clinical strategist which is his use of humor. because now with "the daily show" and, wilson -- comedy central and rush limbaugh on talk radio these guys are entertainers but it's common knowledge now but again in the early to mid-1980s the use of humor wasn't so widespread and ailes was better at it than anyone so in 1984 mitch mcconnell was running for a senate seat in kentucky. he was a longshot. the seat was occupy

but for the most part, and gramm-leach-bliley was passed in 1999 or 2000, but it has been a while. >> we have some work to do, mr. chairman. thank you. >> receiving back 30 seconds. >> efficiency, baby. >> senator menendez. >> thank you, mr. chairman. i appreciate you holding this hearing. when these issues broke in december, senator schumer, myself and yourself signed a letter to the gym of the full committee asking for hearings, and i'm glad your subcommittee is leading on this and understand the chairman is going to broaden some of his call for hearings and include this topic. so this is extraordinarily important. ms. rich, i have two particular lines that i want to pursue. i think senator warren opened the door to something i think is incredibly important, which is what role should the ftc and the federal government create with standards? it seems to me that whatever high standard exists in the marketplace readily available for technology is one that we would want to have companies follow in order to ensure the security of millions of americans private information. critical inform

authority to combat deceptive and unfair commercial practices as well as more targeted laws such as the gramm-leach-bliley act and if you're -- at the fair credit reporting act. in all these cases the touchstone of the commission's approach has been reasonableness. a companies date is a good measures must be reasonable in light of sensitive and polymath information it holds, the size and complexity of its data operations and the cost of available tools to improve security and reduce vulnerabilities. the commission has made clear that it does not require perfect security, and the fact that a breach occurred this not mean that a company has violated the law. significantly, a number of ftc enforcement actions have involved large breaches of payment card information. for example, in 2008 the ftc settled allegations that security deficiencies of retailer t.j. maxx permitted hackers to obtain information about tens of millions of debit and credit cards. to resolve these allegations the retailer agreed to institute a comprehensive security program and to submit to a series of security audits. at the same time th

authority to combat deceptive and unfair commercial practices as well as more targeted laws, such as the gramm-leach-bliley act. in all these kids, the touch tone of the commission's approach has been reasonable this. a company's data security measures should the delight of the sensitivity and volume of consumer information it holds, the size and complexity of its data operations, and the constant available tools to improve security and reduce vulnerabilities. the commission has made clear that it does not require perfect security and it is a -- and the fact that a reach occurred does not mean that a company has violated the law. and number of pc enforcement actives -- enforcement actions have resulted in [indiscernible] the ftc settled allegations that are ventedficiencies hackers from gaining information of tens of millions of the and credit cards. to resolve these allegations, they agreed to install a competence of security program and to submit to a series of security audits. at the same time, the justice department successfully prosecuted a hacker. as this case illustrates well, the ftc and criminal a

he was the man who worked for ronald reagan, senators like mitch mcconnell, phil gramm and culminated in 1988 with his work for george h. w. bush, he helped make george h. w. bush the first sitting vice president to hold on to the presidency since martin van buren which by all accounts was a stunning achievement. what he did is revolutionized american politics in the 1980s because he brought the show business savvy, entertainment values to his work as a political consultant. he made the most memorable attack ads that still to they are tossed in campaign schools. one of his ads which i want to highlight two of them that showcase the thing that defines him as a political strategist which is his use of humor. now, with the daily show on comedy central region to a degree rush limbaugh and talk radio these guys are entertainers. that is sort of common knowledge now but in the early to mid 1980s the use of humor wasn't so widespread and he was better at it than anyone. in 1984 mitch mcconnell was running for a senate seat in kentucky. he was a long shot. the seat was occupied by a goal boy