hensarling: mr. speaker, i recognize myself for as much time as i may consume. the speaker pro tempore: the gentleman is recognized. mr. hensarling: mr. speaker, since congress was not in session last week, perhaps some of my colleagues missed the front page headline from "the washington post." i read, quote, among american workers, poll finds unprecedented anxiety about jobs and economy. according to the report, american workers are living with unprecedented economic anxiety, more than six in 10 worry that they will lose their jobs. nearly one in three said they worry a lot about losing their jobs. it goes on to mention an american named jon stewart, wakes up every morning at 1:30 a.m. for a two-hour commute to catch two different buses in philadelphia so he can get to work on time. in the newspaper he said, quote, i can't save money to buy the things i need to live as a human being. mr. speaker, we don't have to read "the washington post," all we have to do is listen to our own constituents. since

chairman jeb hensarling, a frequent fed critic says his goal is legislation to reform the fed which hemore accountable. >> i want the fed to have independence on the conduct of traditional monetary policy. but i have become increasingly fearful that we are losing the checks and balances within our government. >> hensarling says any legislation will grow out of the findings of his committee's work but but the top democrat on his committee is pushing back on this. maxine waters says quote, before we contemplate legislative changes to the fed or its mandate, congress should allow the fed to finalize important reforms including in the dodd-frank act. we should not rush into reform of the fed itself merely for the sake of doing so. david and liz. david: peter barnes, thank you very much. liz: watch peter wednesday big-time. david: oh, yeah. peter's got it covered. >>> while the new two year budget deal aims to avoid another government shut down by dealing with the deficit was there a missed opportunity to do a lot more? two washington insiders tell us what lawmakers could have done. liz: wh

. >> i want to think chairman hensarling. and i welcome jack lew to this committee to testify on the state of the international financial system. i would like to discuss what i believe to be one of the biggest social, economic and political challenges we face today, domestically and internationally and that is the problem of growing inequality. over the past 30 years income inequality, in the united states, has been steadily increasing. this was the case even during periods of gross. before the financial crisis, levels of inequality in united states reached peaks not seen since the late 1920s. other advanced and emerging market economies have experienced rising income inequality. and the most shocking shortcoming in the united states which has the highest level of inequality of any advanced industrial nation. today 20% of the income in our country goes to the top 1% of americans. if you look at any quality of wealth is even worse. the top 1% holds 40% of the country's wealth. the gap between the rich and poor in america, more

chairman jeb hensarling a frequent republican fed critic, says his goal is legislation to reform the a handful of individuals, appointed for 14 years who are unaccountable and frankly, i'm sorry, unelected and relatively unaccountable to the people and they have incredible power over our economy. and so again, we're not trying to prejudice the results but we have to take a very serious look at this. >> hensarling says any legislation will grow out of the findings of his committee's work but sound like he wants more checks on the fed. the top democrat on his committee is pushing back however, maxine waters, says, quote, before we contemplate legislative changes to the fed or its mandate congress should allow the fed to finalize the important reforms included in the dodd-frank act. we should not rush into reform of the fed itself merely for the sake of doing so. ashley? ashley: peter, thank you. cheryl: peter, want you to stay with us because the question for all of you in the audience today, will the fed be the grinch that stole the stock market rally? we'll show the tweets at the bot

we're seeing a federal reserve engaged in activity we've seen never before. >> hensarling kicked all this off with a hearing last week. he says any legislation will grow out of 9 findings of the committee's work next year. he won't prejudge the outcome but he says his biggest concern he doesn't think the fed ask accountable enough. a top democrat on his committee is pushing back. maxine waters says, quote, before we contemplate legislative changes to the fed and mandate congress should allow the fed to finalize important reforms included in the dodd-frank act. we should not rush into reforming the fed itself merely for the sake doing so. the fed is holding that 100th anniversary bash with remarks from chairman ben bernanke and former chairs, alan greenspan and paul volcker. dagen and connell. connell: there you go. the fed will as peter says will be the big story of the week. from that discussion of monetary policy we transition our way to the literal definition of monry. there has been a lot of debate whether or not bitcoin actually meets the requirement, even to be considered a rea

the potential challengers, financial services committee chair judd hensarling, committee chair paul ryan and grandmaster of take no prisons caucus also known as republican study committee chairman scalise. all voted against this. address the fundamental problems of those that loathe american government and don't want a solvent economy. sally, what is the deal with the republican party come 2014 and beyond? first lets start with the boehner question. >> okey-dokey. >> want to know your thoughts on where will the party go. do you think there's some parts of the gop who thinks we need someone in boehner's role, a peacemaker between factions. >> there's a part of the gop that sinks. as an american i would like to see a functioning two parties in the country. as a democrat, good, republicans, you're doing our work. first of all, you need to be seen as the growing up party. that means for republicans to go somewhere they have to have been somewhere. they have said don't judge us on what we've done, judge us on what we've tried to repeal. the dozens of votes to repeal obama care, jobs bills, th

and financial committee chairman republican jeb hensarling, three years and 11,000 comment letters, we're more incomprehensible washington regulation weighing in at nearly a thousand pages that will do nothing to help the nation recover from the slowest, weakest, non-recovery since the great depegs. obviously there are politics involved in these statements however, however, there are a lot of small banking institution that is simply can't afford to do all the checking and double-checking and triple checking this law requires them to do, right? >> there may be some that need a little bit of help but let me make two points. first of all this isn't designed, the volcker rule to get our economy back on track. the volcker rule is designed to avoid another economic collapse like we saw in 2008. so that is the mandate. david: but couldn't you, couldn't you do that in a very simple way, bart? if you don't mind, i mean i'm, i'm not self-centered but i have the asman rule here. let me put it to you. one sentence. no commas in that sense. banks should be banned from gambling with money that is insur