. >> gregg: i'm gregg jarrett. topping the news this hour, good news, finally in the gulf of mexico, crews have successfully inserted a mile-long tube into the gushing oil leak and bp now says it is drawing most of the oil onto a tanker. we'll have a live report from louisiana. >> workers on the exploded oil rig, they are signing legal statements moments after the blast. we'll show you that document. >> the pentagon is pitching a war on capitol hill against car dealerships. stunning numbers on what pentagon officials says is one of the biggest problems for young military families. >> gregg: but we began with a looming primary battles in four different states. this the final weekend before voters head to the polls, in arkansas and kentucky and oregon. big question, keep in them in or kick them out. some are in the fight of their political lives. julie, how significant is this coming tuesday? >> it's no surprise this election year could be tough on incumbents. we've already seen that in utah. tuesday is a chance to s

gregg?gregg: laura, thanks for that report. >> harris: touchy times between the united states and one of our closest neighbors, mexico. the issue of border security creating -- has become a tense topic. some u.s. officials seeing a window of opportunity to improve relations between now and 2012 when mexico elects a new president. the clock, though, is ticking. joining me now is the principal of the security and risk management group. good to see you today. first of all, what can we expect in 2012? how will things change, do you think? >> i think a lot is still to be determined. i think one of the most critical pieces is we look back over what president calderon accomplished. it will be important that we hope to see the sustain i want of the same strategy that it's taken strongly. >> harris: he's put more than 300 known drug cartel members behind bars. that's a huge number compared to his predecessor, really. that's made a huge difference. any concern that those number also be off and we'll s

gregg. >> gregg: the state national guard obviously has been called in. they doing to help. >> reporter: their searching for people in low-lying areas and people who are stranded. rescue workers rescued about 50 people, in nashville, just yesterday. we've also seen video where people had to leave their cars on i-24. just to watch them float away, the floodwaters can be dangerous and unpredictable and rise quickly. >> gregg: elizabeth brandt in atlanta, thanks. >> patti ann: tens of thousands protest arizona's immigration law and rallies taking place across the country for a second weekend in a row and could the law be tossed out in court? there are legal challenges in the works working to do that. our legal panel weighs in, next. unless taken with food. he recommended citracal. it's different -- it's calcium citrate, so it can be absorbed with or without food. also available in small, easy-to-swallow petites. citracal. why are my numbers all over the place? are you looking for answers? the accu-cheiva syst now has new tools to helpou discover what your nu

hello, i'm gregg jarrett. >> juliet: investigators now focusing on a truck that was loaded with explosives right in the heart of manhattan in times square. a teacher spotted the truck on fire last night around 6:30. he alerted police who then found among other things, three propane tanks, fireworks, 2:00 o'clock west side batteries inside the car among other things. the incident shut down one of the most popular tourist did he say if i nations in the world. it could have been a deadly explosion. they are expecting fingerprints found at the scene. david lee miller live at the scene. >> reporter: it's amazing how resilient new yorkers are as well as the tourists. this is the crossroads of the world. some are saying times square was in the crosshairs of terrorists but you wouldn't know it from taking a look what is happening this afternoon. thousands and thousands of people going to the shows and taking a look at the sights. last night it was very different scene here at about 6:30 last night. that is when you mentioned this very alert t-shirt vendor spotted smoke billowing out of a back of a

senator judd gregg for one called the measure a job-killer.d said, quote, it's a punitive exercise aimed at wall street. and here to discuss that and other key issues in the financial reform bill, republican senator judd gregg from new hampshire, the ranking member of the senate budget committee and a critical voice in this financial reform debate. senator gregg it's a pleasure to see you, welcome back to the program. >> thanks, dylan. thanks for having me on. >> why do you think there's as much resistance as there is to the amendments that most centrally would reveal to the american people either the collateral being taken at the federal reserve and given out to banks to go back to work with. or for that matter, would require the banks or any financial institution to be transparent in their purchase of credit default swaps as basically insurance as opposed to being allowed to continue to buy that in private? >> two different issues. on the second one basically the opposition is coming from the regulators, such as the fdic, sheila bair and the

. >> this week on "newsmakers," senator judd gregg is joining us from the rotunda building. good morning. . >> well, we have actually tried to offer amendments which we thought would improve it but we are not trying to stop it. there is no one on our side that does not expect this bill to move forward. we have offered a whole series of amendments that have been addressing some of the very significant problems that this bill has. my opinion is that this bill in it's present form is getting worse rather than better right now with some of the amendments that are being adopted. we will end up contracting credit on main street. it will end up undermining our ability as a nation to be competitive internationally. it will probably make us less stable in the regulatory regime relative to managing our financial house. i am very concerned about the direction of the bill, but no one is trying to stop it. we are just trying to improve it. yesterday there were a series of amendments offered to improve it. i have been co-sponsor of an amendment that has gone forward to try and improve it.

gregg: mr. president, i wish to join in congratulating senator corker, senator isakson, senator shelby and others who have come together around this issue of better underwriting standards. it's hard for me to understand why this would be resisted in this bill. because as has been outlined both by senator corker and by senator isakson it really was underwriting that created the problems which led our nation to the brink of a fiscal collapse. the way i described it is this: what we had was an inverted pyramid. you had this situation where an individual made a loan to another individual. or a corporation made a loan to an individual. based on the value of a piece of property. unfortunately, when that loan was made, it was made in a way where nobody really looked at the value of the property relative to the loan. and nobody looked at whether or not the person who was getting the loan could pay it back. because the system no longer had strong underwriting standard. and then that loan was taken and it

that's why the mccain-shelby-gregg amendment is the correct way to proceed. we're going to have a vote on that very soon here, and i hope we won't leave this subject, that we won't dispose of this financial services regulation reform bill without addressing this very important topic. it is, to suggest for a minute, as the other side has, that somehow we can do a study, we can put this off for six months and who knows, by the time they complete the study they'll have to think about the results of that study and formulate a plan and that will take another six months or a year, and every single month, efrgz quarter -- every quarter that goes by we continue to h.j. more dollars at the -- continue to hemorrhage at the expense of the american dollars. they have had enough, and i hope my colleagues can support it. madam president, i yield the balance of my time. madam president, i suggest the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: quorum call: a senator: madam president? the presiding officer: the senator from alabama.

leanne gregg has the latest. >>> after missing a hearing last week prompting a judge to issue a bench warrant for her arrest, actress lindsay lohan appeared in court late before an unsympathetic judge. the judge ordered lohan not to consume alcohol or drugs, to wear a device that measures presence of the alcohol in her body, to attend alcohol classes one a week and submit to random alcohol testing in california. no room for negotiations as lohan's attorney asks for revisions in the terms, including to allow the actress to leave the state to work on a film in texas. >> she needs to submit to random drug testing here, not in texas. >> reporter: the hearing low han missed last week was related to her 2007 no contest plea to driving under the influence. she had been in france and claimed someone had stolen her passport. after obtaining temporary documents, lohan returned to los angeles late saturday and was caught on tape trying to evade cam perhaps the 23-year-old actress was considered one of the hollywood's most talented young stars, but attention for her movie career has taken a backs

gregg: i'd ask for five minutes. mr. dodd: five minutes, and if he needs more, the senator from new hampshire. the presiding officer: the senator from new hampshire. mr. gregg: madam president, i want to congratulate the senator from vermont. his original amendment, i had very severe preservations about. he sat down and worked with members on this side of the aisle, with the chairman of the committee and members of the administration and the fed, andh gets to the issue transparency and to make sure that the fullest extent possible the american people know what's happening with this significant agency which impacts our lives, but we really don't know that much about it, a lot of americans don't, but it impacts our lives pretty directly, and that's the federal reserve. and, chairman bernanke, i also wish to congratulate he and his staff for stepping forward an progressively -- aggressively pursuing this which will be positive for both sides. so i intend to support the senator from vermont's amendment as amended and appreci

leanne gregg has the latest. >> reporter: as high water begins to recede, the daunting task of rebuilding begins. >> water line here. >> reporter: thousands of residents forced to flee, many like jeff perry and his wife from west nashville are returning to muddy floors. soaked furniture and little left to salvage. for hundreds of miles, signs of the disaster. floodwaters so strong that it forced this home from its foundation. in music city roads filled with debris are resurfacing and opryland hotel complex remains closed and grand old opry moved its performances to another location. the tennessee titans football stadium is drying out. officials report minimal damage, even though its field was under water. hundreds of businesses remain closed while the cumberland river which winds through nashville recedes. still above flood stage this morning, but well below its record crest tuesday. the flooding is the result of weekend storms that brought torrential rains and deadly tornadoes to mississippi, kentucky, and tennessee. for marla perry, more than she can bear. she doesn't want to rebuild he

our "newsmakers" program has judd gregg today. one of the issues getting a lot of attention in the bill. derivatives. he addressed that during the interview. guest: the language in this bill, unfortunately, it will contract the derivatives activities of this nation and undermine stability of the management and oversight of this nation. that is not me speaking. sheila bair said this. the head of the federal reserve staff told us this will be counterproductive to consumers at and the stability of the banking industry. chairman volcker has said that this bill is fundamentally flawed on the issues on how it tries to regulate derivatives. it will do harm to our ability on main street to get credit. we offered an alternative. it was voted down as you walked around the floor of the senate, and numerous democratic senators would come up and say, we know we have a problem. we cannot address and sel-- unt, after next tuesday, when walesa went in's primary occurs. that is not the way that you should legislate -- after next tuesday when blanc

and judd gregg, senator judd gregg who is a close friend of ours joined senator kennedy and me. judd and i would look at each other and we both looked sick because we knew what it meant. it meant a change of everything. >> larry: how soon did you talk to the president? >> i talked to him a little later after i had gone to the secure location that the secret service took me to. and that's also one of the really surprising things for george and me that day is how spotty the communication was. and when we would have expected instant communication in a crisis like that, we didn't really have it. >> larry: had trouble talking? >> had trouble calling back and forth. he had trouble calling from air force one. i couldn't reach him. and we did, of course reach each other and talk to each other. but after several tries just a minute. were you wondering where he was or -- >> i knew where he was. i knew he was in florida. i thought he was on his way to washington. by the time i talked to him, i knew they had left -- i think they went to louisiana and then maybe to that nebraska to that -- >

his guest, the senator, the republican, judd gregg.rd's gettin' out that geico can help people save in even more ways - on motorcycle insurance, rv, camper, boat insurance. nice work, everyone. exec: well, it's easy for him. he's a cute little lizard. gecko: ah, gecko, actually - exec: with all due respect, if i was tiny and green and had a british accent i'd have more folks paying attention to me too... i mean - (faux english accent) "save money! pip pip cheerio!" exec 2: british? i thought you were australian. gecko: well, it's funny you should ask. 'cause actually, i'm from - anncr: geico. fifteen minutes could save you fifteen percent or more on car insurance. [ male announcer ] competition... it pushes us to work harder. to be better. to win. but sometimes even rivals realize they share a common goal. america's beverage companies have removed full-calorie soft drinks from schools, reducing beverage calories by 88%. together with schools, we're helping kids make more balanced choices every day. ♪ >>> well good afternoon to you, i'm

gregg, high school degree. do you have those numbers? have they changed? we have always been struck b the great difference between the unemployment rates with someone with a high school degree and someone with a college degree. >> those numbers are like they always are. >> can you go through them quickly so we're reminded of the shocking indifference? >> the unemployment rate for those with less than a high school diploma was 14.7%. for those with a bachelor degree, it is 4.9%. it is almost 10 percennage point difference in the unemployment rate between the two groups. >> that ratio -- i was wondering as manufacturing and other tax increase -- you have still not seen any change. it contains to be the case at an advanced degree or college degree is one path to jobs. >> i would agree. it is hard to track the impact for manufacturing. >> how about the veteran employment numbers? soldiers that have returned in the last -- from the iraq and afghanistan wars? >> the goal for -- gulf war i is 13.3% -- it is significantly higher. we have been -- >> we have been wo

gregg popovich, coach, said he'g >> bad news for san antonio who lost their series to the suns.. he will play against phoenix. >> what would lebron have donemp with two good arms? or maybe the time we've spent focusing on his elbow, that should be over now. the king sent a message to the celtics last night, outscoring their team in the first quarter en route to handing boston its worst home playoff loss in celtics playoff history. today he spoke. >> after the game two loss, i understood how bad we played and so i didn't -- i never got down, never -- you know, never panicked at that point. i knew we had to play much better in game three to win that game. i mean, the third quarter in game two was just probably one of the worst quarters we had and we allowed them to get into their sets easy, we played a lot of one-sided basketball and a lot of zone on offense and they just completely took us out of our game. so, you know, throughout those few days that we had off, i watched a lot of film, broke down a lot of things that we can help each other, how i can help the team and we were ab

senator judd gregg was one of our closest friends and is at the ranch he was by teeing allegory for the debates. [laughter] so he joined us and we would just look at each other as o overlooking the small television back in the corner of kennedy's office we were sick he looked sick because we could not imagine i think it was a blessing that senator kennedy kept up the small talk because it was a way to try to process what we were seeing and what if it meant that the three of us went out and spoke to the press and said we were postponing their briefing already we were not going to cancel the breeding just postponed fed as the finished, "usa today" asked me what do we say to the children? that is when i got the idea of what do we say to the children? i said then parents need to insure their children they are safe and turn off the television do not let them watch over and over the buildings falling but then they gave me the direction of what i did in the days to follow including the letters to the high school students and another letter for younger students about what had happened and what

durbin: senator gregg is going to come in shortly. i will yield the floor to him when he returns. you look at this circumstance, you will see why some smaller businesses want to say there will be a minimum amount you can choose. obviously not 35 cents, but something where they won't lose money if someone uses a credit or debt card under the interchange fees. currently the major credit card companies, visa and mastercard prohibit, prohibit companies from accepting their credit cards from establishing a minimum amount that can be charged. they are going to make money. they are not going to give these retail establishments that kind of opportunity. and of course they prohibit that company, that small retailer from saying well, i get a better deal on the interchange fee from visa than mastercard so i will favor visa. remember when they used to say if you go to the olympics, so and so credit card is the official credit card of? well, they can say that but the retailer can't say it. if you own a restaurant and say i prefer this type of credit card, you violate these agreements with cred

gregg: thank you. i rise to speak about another part of the bill, but i want to congratulate the chairman and his work with the ranking member, senator shelby, on reaching this agreement, on resolution in too big to fail. it's an important step forward on this piece of legislation. a critical part of the legislation. and i think it shows that there is really a lot of places where we can reach bipartisan consensus on this bill. it's my sense that the great and very positive work which was done here on resolution authority will hopefully -- i would hope would carry over with things like the derivatives issue which needs to be worked on, issues like underwriting standards which need to be worked on, how the regulatory structure is created and how the chairs are moved around in that area. all these issues, i think, have -- are fertile ground for reaching consensus, and i know the senator from connecticut has been very constructive in his efforts to reach across the aisle, and i just hope we can make progre

gregg: mr. president? the presiding officer: the senator from new hampshire. mr. gregg: mr. president, i want to speak briefly here on the bill that is before us, and how i think it can be improved. first, i want to congratulate the chairman of the committee working with the ranking member. i understand they've reached an agreement on how to do the issue of resolution which addresses the issue of too big to fail, which is a very critical part of this bill. i congratulate them for make that type of initiative and i hope that the rumors are true and such an amendment that will address a strong too big to fail language so the american taxpayers will not be on the hook for institutions which overextend themselves and take on too much risk, but are institutions so large that it is felt that they are too big to fail, that that concept will no longer be part of our lexicon and we will essentially put an end to it. i congratulate the chairman on that and the ranking member. it there are, however, other major issues within this bill that need to be addressed and they're extraordinary

gregg: i wanted to rise in support of the saxby-chambliss amendment, senator chambliss of georgia, and express my concern, my very serious concerns about the language which has been brought forward by the chairman of the committee, both the agriculture committee and banking committee, relative to derivatives. let's begin with what our purpose should be here. let's remember that derivatives, as has been said before on this floor numerous times before -- i think the senator from alabama said it extraordinarily well. our critical part of how main street maintains its economic vitality. credit is what makes america work. i mean, one of the great geniuses of our society is that we are able to produce credit in a fairly ready manner, which is reasonably priced and which people who wish to take risk can take advantage of in order to create economic activity and jobs. the oil that basically keeps the credit active is derivatives for all intents and purposes. as has been pointed out, if you're manufacturing an item somewhere in america and you enter into a contract to sell that item, let's say,

we did go out, senator judd gregg joined who was one of the closest friends and had been at the ranchhat summer because he was the one who played al gore. >> another son of a senator. >> exactly. so he joined in he and i would just sort of look at each other as we were kind of looking over at senator kennedy's shoulder to look at the television, the small television in the corner of the office and we were sick. we felt sick. i fought judd looked sick and he thought i was sick, too bad because we couldn't imagine. and i think it was a sort of blessing senator kennedy kept up the small talk. it is a way to try to process what we were seeing and what it meant. then the three of us went out and spoke to the press and said we were postponing the briefing. already it was in defiance of the terrorists, we've learned when to cancel the briefing that was going to be postponed. then as we finished saying we were postponing the meeting, the briefing from usa today said mrs. bush, what do we say to the children? and that is when i got the idea of what do we say to the children? and i said then pa

republican senator judd gregg serves on the banking committee and joins us from capitol hill.alk about greece and this contagion that is likely affecting other countries in europe as well. we see that the euro fell below 130 for the first time in more than a year. what concerns do you have as someone working on all of this on the hill? >> i think we all should be very concerned about what's happening in europe. the domino effect. they've got a serious problem there in that these nations are all tied into the euro, but they all have different economic structures and deficit structures. and so you have greece, which is essentially an insolvent country, portugal with serious problems, spain which has problems not as serious as greece or portugal, and ireland has very serious problems. when they get into these problems, not only do they bring that nation down but they potentially bring a lot of other countries with them. it certainly affects the value of the euro. that's a problem for the world. if the euro and europe isn't strong and robust, they're a place where we sell a lot of

. >> gregg: we are waiting details on the latest attempted terror attack.e are expecting a news conference in the times square attempted bombing. that is expectedo

. >> senator gregg, thank you for being on "newsmakers." i want to turn to our two reporters for a quick wrapup. victoria mcgrane, let's start with financial regulation. it is pop -- it is passing possibly this week or next week. >> center greg expect this to pass. i think there will be quite a few republicans who are unhappy. senator bradley, senator snowe are already crossing the aisle to vote with democrats. i think you'll see a fair number of more moderate republicans supporting this bill so democrats will not have a problem passing it. >> what are the big events coming up that our viewers should be watching? >> one is to do with preempting state regulations for banks and consumer protection. that is a big one that has to do with the derivatives market to oppose new rules on this gigantic market which is un- policed. they have not worked out a compromise for a new consumer protection unit and sign the fed. some of these other issues appeared to be settled, but there are still big issues that will affect the banking industry. >> another

even top republicans like senator judd gregg predict that the bill will pass as early as this week but it is not clear how many republicans will be willing to sign on as they say it falls short supply and -- it fall short in key areas." david, good morning. caller: be passed bill after bill but we do not enforce nothing. in america of what we do is make sure that we make money. what happened to the eight years of bush? they stripped everything that makes money accountable of anything. even down to the dogcatchers in congress, no one is going in thinking they will help consumers. there is no one backing up the quality of anything. like at general motors. it seems that if they made quality merchandise they would not have to go through these problems. to change as part of the public, they will not do anything. we are not going to do anything to help the little people in america. host: perhaps touching on something broader in terms of regulation, here is an article from "the christian science monitor." "the ethical weakness on wall street led to ripping the heart out of economic security o

senator gregg and jack reed have worked on that issue. my hope would be that -- on this subject matter, which the senator has explained and talked about, and u.a.e.ppreciate his comments this morning -- and appreciate his comments this morning -- that thans area where there would be an effort to develop a bipartisan approach. it is a complicated area of law, and it would be, i think, in everyone's advantage if there was a lost communication back and forth to try and come up with some ideas that we might be able to change some strong bipartisan support on. i know he's tried to do that. i'd just encourage him to keep that up so we can end up with some good answers to this. i am very grateful to him for his interest in the subject matterment and my determination this morning is to move along on this amendment process. i thank him very much. mr. chambliss: i thank the chairman. mr. dodd: mr. president, i see our colleague from wyoming. and if he's ready toarks i'll yield the floor. -- and if he's ready toarks i'll yield the floor. and if he's

we had some great cosponsors this last time, senator gregg lemieux, coburn and brown senator shelby alsosupported this amendment. we had johnny isakson from atlanta. he knows more about real estate lending probably understand that anybody here, who spoke on behalf of this amendment. but again to hear my friends on the other side of the aisle say you know, i would have done this but, you know that risk-retention piece you had in there regarding securitization, it kept me from t so now i have a clean amendment that does nothing in that regard. it leaves that in place. but, again it puts in place these underwriting standard. i had numbers of democrats come up and say look, i agree with you. we ought to at least 5% now. as a matter of fact, i i think we ought to have more. because i want everybody in this body to have the opportunity to vote for a good amendment a sound amendment, an amendment that really takes us away from the way we've been going in this country, which is we want to make sure that everybody is entitled no it no longer is the american dream that someone owns a home; it is a

senators mccain, shelby and gregg have failed an amendment to protect taxpayers and put an end to the government bailout of fannie and freddie. in short, this amendment cuts up the federal credit card by putting an end to the limitless line of credit fannie and freddie currently enjoy, compliments of us as taxpayers. this amendment puts an end to the conservatorship and requires each to operate eventually without government subsidies and on a level playing field with the private sector. next of great importance is seed capital. it's critical in reforming wall street we not punish main street and the very specific small business start-ups that are so critical to job creation. if there is one thing we're worrying about, it's where are the jobs. i'll tell you where the jobs are. they are the jobs that the entrepreneurs and the innovators and the inventors can start up. unfortunately, in the current form of this bill, there are provisions that will kill the business start-ups. while title 9 of the dodd bill has been little talked about -- far too little, if my opinion -- -- in my opinion,

waipt to thank senator gregg, senator lemieux, senator coburn for being cosponsors. i want to thank senator shelby for all he has done to help support and make this amendment possible. and also senator isakson who is just a wealth of experience, brings a wealth of experience to this body as it relates to real estate lending. i want to thank all of them for this support of this amendment. it is a basic, commonsense amendment. i think everybody in this body knows that we, as a country, are going down a pretty slippery slope. that we, as politicians, act as enablers. weep don't tell people -- we don't tell people what they need to hear. instead we try to give them what they wish without any degree of discipline. and what this amendment does is try to restore within the housing market a focus on the core issue that took us into this crisis. something that many people in this body do not want to discuss, than is a fact that there were a lot of loans written to people that had no ability whatsoever to pay them back. and so this amendment does some very simple things. numbe

>> senator judd gregg said it. he expected to pass. quite a few republicans will be unhappy with the final product, but we have seen senator grassley, senator snowe, and others on the republican side already working to draft things on key issues. you'll see more moderate republicans supporting the bill. >> kevin, what are the bigamous this week that viewers should be watching for? >> one has to do with preempting state regulations for banks and consumer protection. the big one has to do with the derivatives market, held it will impose new rules on the gigantic market which is not yet police. the have not really worked out a compromise on what to do with the democratic proposal for a new consumer protection unit inside the fed. some of these other issues have been, appear to have been settled, but there are still big issues out there that would affect the banking industry. >> another thing coming as from two senators on the democratic side which would impose a stronger version of what has been called the volcker rule to ban banks, comme

judd gregg, we should mention him as well.ing senator from new hampshire who had shown interest in the issue. richard lugar, people who have worked with democrats on other issues, sitting across senator kerrey. we will see whether or t they really want to negotiate on the bill. host: ky. mary jo on the republican line. -- kentucky. caller: we have a farm that has oil wells on them, but they are not capped. they have been in production for years. we do not have the environmental protection agency person coming to look at these things. these are open wells. another thing, on cap and trade, do you ever think about the amount of heat that concrete puts off? guest: i think the cap and trade legislation that senators are trying to push is trying to be choreographed with theclimate on time a change, which is what i think she is getting at. certainly, there are questions about whether this bill would have been in effect on global temperatures. the bill seeks a reduction by 2020. most environmentalists believe that is not enough, but i

judd gregg, we should mention him as well. a retiring senator from new hampshire who had shown interest in the issue. richard lugar, people who have worked with democrats on other issues, sitting across senator kerrey. we will see whether or not they really want to negotiate on the bill. host: ky. mary jo on the republican line. -- kentucky. caller: we have a farm that has oil wells on them, but they are not capped. they have been in production for years. we do not have the environmental protection agency person coming to look at these things. these are open wells. another thing, on cap and trade, do you ever think about the amount of heat that concrete puts off? guest: i think the cap and trade legislation that senators are trying to push is trying to be choreographed with the climate on time a change, which is what i think she is getting at. certainly, there are questions about whether this bill would have been in effect on global temperatures. the bill seeks a reduction by 2020. most environmentalists believe that is not en

i know judd gregg is a really smart guy and jack reed both smart from both sides of the i/o that some issue will probably divide this group if we don't work it out. that is the consumer protection piece. i want to see consumer protection take place. i know the senator from connecticut knows i was serious about trying to resolve the issue in march. it is my hope of that we can come to terms of that. it is my hope we can create an appropriate balance so it is in balance with a regulation for people who do not do that on a regular basis to make sure the banking system is safe and sound and the institutions are not at this for those kinds of things but hopefully we can get that in balance i don't know the senator from connecticut wants to speak to this but it has a lot of people concerned as an agency is written today they don't have appropriate checks and balances with the wrong type of leadership over time them possibly i hope over the course of the debate we have the ability to achieve that balance where people across the country wake up on a daily basis not directly involved in the fi

>> gregg: that's right. good morning to you.possibly 9 miles offshore. let me point out encouraging news. there has been so little of that. winds died down here in venice, louisiana. that's key because those winds have been from the south and they've been pushing that oil towards the shore. they've also been whipping up waves which is taking that oil right over the top of those protective booms we've been showing you so much video of. these winds are also shifting. they're beginning to come from the north, which should help keep, or at least slow the spill down from getting closer to the shore. when these fishermen come to their boats and know they're not going out fishing, the government shut down more than 6,000 areas of fishing from here at the mouth of the us us to the florida panhandle. reality sinks in more when they find there is five possible solutions for bp to shut off this well. one is to dig an alternative well, a relief well that could take months much there is not that kind of time. they can use this chemical dispe

gregg, high school degree. do you have those numbers? have they changed? we have always been struck by the great difference between the unemployment rates with someone with a high school degree and someone with a college degree. >> those numbers are like they always are. >> can you go through them quickly so we're reminded of the shocking indifference? >> the unemployment rate for those with less than a high school diploma was 14.7%. for those with a bachelor degree, it is 4.9%. it is almost 10 percennage point difference in the unemployment rate between the two groups. >> that ratio -- i was wondering as manufacturing and other tax increase -- you have still not seen any change. it contains to be the case at an advanced degree or college degree is one path to jobs. >> i would agree. it is hard to track the impact for manufacturin >> how about the veteran employment numbers? soldiers that have returned in the last -- from the iraq and afghanistan wars? >> the goal for -- gulf war ii is 13.3% -- it is significantly higher. we have been -- >> we have been wo

the republican nominees will be saxby chambliss, bob corker, mike crapo, judd gregg, and richard shelby. in a few moments, a house republican initiative for public input into their congressional agenda. in about 40 minutes, the hearing on the gulf of mexico oil spill to consider raising the liability limit for those responsible. after that, senate republicans spoke with reporters about their meeting with president obama. and later, president obama at a fundraiser tonight for california senator barbara boxer. >> this holiday, non-fiction books and authors on "book tv." sebastian younger and his newest book "war," imbedded with the 173rd in afghanistan. and john hofmeister. get the whole schedule at "book tv".org. >> house republicans have began an effort to create a policy agenda of republican input. this will be led by california representative kevin mccarthy. he the other g.o.p. leaders held a 40-minute briefing at the museum in washington. >> good morning, everyone. welcome to today's event. inscribed on this building are the words of the first amendment which guarantees americans the

when it comes to the economy, debt, judd gregg. . . time and aggravation.t: ronald reagan once said he could imagine not being an actor and being president. guest: he also said never -- nobody ever accused him of being an actor until he got into politics. host: the book is called "teaching the pig to dance," new mexico are of growing up and second chances. fred thompson, -- the house of representatives, morning business is allowed to get under way. live coverage on c-span and c- span2. a reminder, on book tv, c-span2 all weekend, a chance to catch up on some of your favorite nonfiction authors. you can get the schedule by logging on to the website. and we will have live coverage of the memorial day ceremony here in at arlington national cemetery with vice-president joe biden and the president will be at the abraham lincoln memorial outside of chicago, illinois. we hope you enjoy your weekend and we will be back tomorrow morning at 7:00 a.m. eastern time. have a good day. [captioning made possible by the national captioning institute, inc., in cooperation wi

guest: apparently he did vote against an amendment offered by judd gregg that would have given bush a more limited version of these powers. i think it was targeted only at earmarks. what obama is asking for would apply to any spending commit any bill. one congressman was asked about this yesterday. he said by the time that of the campaign, obama had changed his view. host: at the same time he is asking for this power, there are also increasing talks about a new stimulus package. what is the message being sent? guest: i would say it is both sides of the mouth. yeah, they are trying to walk a very fine line here. they are trying to show voters that they are concerned about the deficit which is at record levels. they do not have a plan to reduce its, but have this special commission meeting to come up with the plan. but in the meantime they have all this spending the need to do. they have a war supplemental on the floor of the senate that is now $60 billion. they have at $200 billion will turn to move in the house to extend the variety of very popular tax breaks, fix the doctors' payment

lee and asked him why this samoan american gregg louganis was so good in high diving? he said look at his legs. he has strong legs because of the strength he gets from his legs he is able to jump higher than other divers to do more difficult tricks. i said that's an interesting thing to know. i've also mentioned that maybe of -- many of our young asian-pacific americans in the nfl. today, the 2010 nfl draft, there were seven young men. four samoans, one hawaiian, they were selected to seven different teams across the nation. sometimes, mr. speaker, i usually have to give a lesson in geography. but when i say troy polamalu, they say, those guys. they're asian pacific americans. asian pacific americans excel in rugby. the world's most famous rugby players are of samoan descent. lie michael jones. also note, the history of discrimination in the time of apartheid, when the south african team found out that maybe a samoan was included in the all blacks team, they refused to play them they didn't want to associate with the polynesians. we must also mention that the gentleman

. >> judd gregg, on federal spending and the financial regulation bill. sunday on c-span. >> in their relentless revolution, it is described like capitalism is a cultural system, and not just economic. sunday night on c-span. >> "washington journal" continues. is here.rsten sinema n tell us, from your perspective, will this law be able to work or will it have to be repealed by the voters or by the u.s. supreme court. guest: the bill is unconstitutional in a variety of ways. first, it violates the u.s. the supremacy clause, which reserves emigration law to the federal congress, and not to the state. even beyond that, there are so many problems with the legislation. it violates the fourth amendment right. any one of us could be stopped on the street in phoenix if an officer decides he has reasonable suspicion to believe that we are in the country without paperwork. the law does not define what reasonable suspicion of looks like, or what qualifies someone. there are also a lot of problems with the equal protection and due process clause. host: there was an o

host: manhattan, gregg, a democrat. what do you think about the grand -- rand paul remarks. caller: it goes back to his father who i sort of had an interest in. i'm a person of color, also a native american. but going back to his father who aligns himself with the idea of older goldwater. rand paul stands up and tells the country he has no current -- problem with a private business telling you whether you are jewish, italian, male female, that i am not serving you. it has nothing to do with black people in general. when we talk about civil rights, it is not just a black folks but of every american in this country. so, as c-span and other media stands up and endorses and publicizes the tea party for the past three months, which is ok, because they are part of the country, too, we have to have a fair and balanced attitude toward -- to the fellow who says that c-span picks and chooses to get going to be up based on the host, it is not true. we all can complain about them. the idea is, how we discuss the topics and comes up with the conclusion that is best for the country? host:

i know he worked with judd gregg and others.but what is outstanding about his amendment is -- there are two things. number one, the fact is that we actually have to be honest with the american people about the cost, the liabilities that we're picking up as it relates to the g.s.e.'s. each year budgetarily we'll have to allocate moneys for the actual liabilities that exist here. i think that's a good thing. i think that's a very important step. there will be some transparency into what these organizations actually are costing our country. i think all of us realize that fannie and freddie are a huge problem, and we need to deal with it. so the second piece of the mccain amendment that i like so much is it puts in place dates certain by -- dates, a certain time by which we have to as a body have dealt with them. and i think one of the things i worry about -- it's really, again, pretty hard to believe that we haven't thoughtfully figured out a way to deal with g.s.e.'s at the time of passage right now. what i worry about is this bil

include senators barrasso, sherrod brown, burris, cardin, carper, cantwell, casey, cornyn, durbin, enzi, gregg, hague en, isakson, lemieux, levin, mikulski, prior, reid, risch, sessions, shaheen, snowe, tester, warner, whitehouse, and tom udall. mr. president, i ask unanimous consent that the senator proceed to the immediate consideration of s. res. 524, submitted earlier today. the presiding officer: the clerk will report. the clerk: senate resolution 5 524, supporting the goals and ideals of national stuttering awareness week 2010. the presiding officer: is there any objection in proceeding to the measure? without objection, so ordered. mr. kaufman kaufman: mr. presidi ask unanimous consent that the resolution be agreed to, the preamble be agreed to, the motions to reconsider be laid upon the table with no intervening action or debate, and that any statements related to the resolution be placed in the record at the appropriate place as if read. the presiding officer: without objection, so ordered. mr. kaufman: thank you, mr. president. i yield the floor. the presiding officer: urn the previo

gregg, high school degree. do you have those numbers? have they changed?e have always been struck by the great difference between the unemployment rates with someone with a high school degree and someone with a college degree. >> those numbers are like they always are. >> can you go through them quickly so we're reminded of the shocking indifference? >> the unemployment rate for those with less than a high school diploma was 14.7%. for those with a bachelor degree, it is 4.9%. it is almost 10 percennage point difference in the unemployment rate between the two groups. >> that ratio -- i was wondering as manufacturing and other tax increase -- you have still not seen any change. it contains to be the case at an advanced degree or college degree is one path to jobs. >> i would agree. it is hard to track the impact for manufacturing. >> how about the veteran employment numbers? soldiers that have returned in the last -- from the iraq and afghanistan wars? >> the goal for -- gulf war ii is 13.3% -- it is significantly higher. we have been -- >> we have been wo

sergeant mark ren ger and tina griswold, ronald owens, gregg richards were all veteran law enforcement officers, each with eight to 15 years of experience. this loss was a staggering blow to the lakewood community and the national community of peace officers. we continue to mourn the senseless loss and honor them for their service. although there have been great progress -- has been great progress in protecting the safety of thue these men and women who wear the uniform, the death of every officer serves as a reminder to the overwhelm country that our nation's law enforcement officers face potentially dangerous and deadly situations every day. during my 20 years as a judge in texas i had the privilege of working alongside some of america's finest plfer mr. -- police officers. later during my term on the bench, some of those police officers were killed in the line of duty. now as a founder and co-chair of the congressional victims rights caucus, i recognize that peace officers are too often victims of crimes they seek to prevent. when a peace officer puts on a uniform in the morning the

gregg, high school degree. do you have those numbers? have they changed? we have always been struck by the great difference between the unemployment rates with someone with a high school degree and someone with a college degree. >> those numbers are like they always are. >> can you go through them quickly so we're reminded of the shocking indifference? >> the unemployment rate for those with less than a high school diploma was 14.7%. for those with a bachelor degree, it is 4.9%. it is almost 10 percentage point difference in the unemployment rate between the two groups. >> that ratio -- i was wondering as manufacturing and other tax increase -- you have still not seen any change. it contains to be the case at an advanced degree or college degree is one path to jobs. >> i would agree. it is hard to track the impact for manufacturing. >> how about the veteran employment numbers? soldiers that have returned in the last -- from the iraq and afghanistan wars? >> the goal for -- gulf war ii is 13.3% -- it is significantly higher. we have been -- >> we have been