tomorrow on "washington journal, new york times assistant editor gretchen morgan said talks about government's new rules for lending. then the options the treasury department task before hitting the debt ceiling. then outlining the mission of this -- and scope of the commission -- administration of alcohol, tobacco, and explosives. "washington journal take a live on c-span. >> members returned to the british parliament this week after their holiday recess. on wednesday, prime minister david cameron to questions on the government's priorities for members in the house of commons. earlier in the week, prime minister and deputy prime minister outlined the government's mid term priorities, and both stated that the economy was "keeling" at a much slower pace than expected. -- "healing" at a much slower pace than expected. >> order. questions to the prime minister. >> may i wish you, mr speaker, the prime minister and the rest of the house a prosperous, positive and happy new year? >> this morning i had meetings with ministerial colleagues and others, and in addition to my duties in this house i shal

we're talking with gretchen morgan soon, the assistant director at the "new york times." also taking your questions on face book and twitter as well. tell me when these new rules go into effect. what is the timing for the people who are willing to get loans and when they will be working under these new rules. >> over the next year they are supposed to go into effect. i am not sure of that question, but they will go into effect pretty soon, and we have been hammering them out for months and months, so this is really the first big initiative, for the protection bureau. they don't want a lot of time to elapse between now and when they go into recess. >> this is progress on mortgage regulation, with the editorial from last week that came out, and it notes that the rules will be supplemented by regulation and the federal reserve and to create aies bynu qualified mortgage. can you tell me about the new category of loan? >> a qualified mortgage would be a mortgage that is characterized as, say 4 sound from the regulatory standpoint. the qualified residential mortgage, that would

for more on this subject we turn to gretchen morgans and, from "the new york times."ell us about the highlights of these rules and how they will work. guest: these rules are designed to prevent the kinds of poisonous, predatory mortgages to be written. these once lured a lot of unsuspecting borrowers into the loans. they were unable to repay them under any circumstances. they had all of these complex features that were very difficult to understand. i would say, broadly speaking, these rules were designed to prevent another round of the subprime mortgage crisis from happening. host: take us through these rules. what are they, specifically? caller code some of them are designed so the banks compel loans that are understandable, that have characteristics and are our characteristics of save mortgages. we need to make sure the borrower has the ability to flip -- to repay the mortgage over time. that is the leading characteristic. host: you talk about these rules being put in place to stop these poisonous, predatory mortgages. what were some of the practices that allowed ba

morgan. >> gretchen: note to self if you're trying rob a restaurant, maybe you shouldn't put a bucket on hishing. a mask. sew threw a bucket over his head. but the disguise didn't work. cameras caught a glimpse of his face when he had to lift the bucket up to see. now he's facing a bucket full of charges. >> brian: what an idiot. >> steve: no kidding. meanwhile, he's gained fame on youtube for randomly kissing strangers and posting the videos. look at that guy. but prankster charles ross may have taken his love of pranks a little too far. ross found himself behind bars for giving people wedgies in a florida movie theater. several victims said they were too embarrassed to press charges. sound bite now. >> it's supposed to be a joke. some people can find the humor and laugh at it. others can't. >> steve: all right. the wedgy bandit now 18 years old, facing battery charges. >> brian: wow. it sounds like a bad knockoff of impractical jokers that show. >> steve: what about a snugy? >> brian: what is that? >> gretchen: the same thing, right? the same as a wedgy? we'll show you coming up. also comi