inspection, and the 20% is also under iaea inspection.ut i think there's more the iranians can do to assure and israel -- and maybe that's a freeze, not disablement, maybe it's only 3-5%, not 20%. there are ways to massage this. but one of the things that makes it easier to get a deal, i think -- and i defer to the diplomats and the professionals on this -- if we're only talking fordo and not iraq, not afghanistan, not the persian gulf where with there are dangers of inadvertent war, how do you -- when you hit an impasse, what do you trade off on? now, if you hit an impasse you can say, okay, fine, i'll give in on this if you give in on that. or you can begin to put a package together where people can find common ground and where they feel like they're getting something out of it that they can take back and sell to their own people. some people thinkty moment si is you go in and get everything you want and the other side gets nothing. this is not about iran. this is about achieving our diplomatic objectives and making sure they abide by t

according to the iaea, by 2017, teh u.s. will over take saudi arabia. new methods for extracting oil and a shell gas reserves will be responsible for the turnaround. -- oil and shale gas are r esponsible. energy is in many industrial nations will fall slightly. it is a different story in china, india, and the middle east were declines will move sharply over the next decade. the international agency -- energy agency believes many will be shipped to asia in the future radically changing the map of global energy flows. >> and no major plunge for the dax today. we on this report from the frankfurt stock exchange on what is moving today. >> to 0.7%, the german stock index, lost in the previous week, so maybe it is already good news that it did not inevitably plunged further on the first trading day of this week. political issues like greece, the fiscal cliff in the united states, keeping investors anxious and earnings season is about to come to an end in germany. so far, very few managed to surprise with their earnings and many doubt whether the outlooks com

i think we can do -- let us remind ourselves it is under iaea inspection and the 20% is under iaea inspection, the 20% they produced. there's more the iranians can do to assure the west and israel and maybe that's a freeze, not disabilityment. maybe it's 3% to 5%, not 20%. there are ways to massage this. but one of the things that makes it easier to get a deal -- i differ to the diplomats. not iraq and not afghanistan, not the persian gulf where there are dangers of inadvertent war, then how do you -- when you hit an impasse, what do you trade on? when you hit an impasse and you talk about fordo and others, ok, i'll give in on this if you give in on that. or you can begin to put a package together where people are feeling like they are getting something out of it where they can sell to their own people. some people think diplomacy is where you get everything you want and the other side gets nothing. there's no such diplomacy. you may not like iran. iran has lots of problems. this is not about iran. this is about achieving our diplomatic objectives and they abide by their own obligations. the

but it was not an iaea inspection to start with. it was security council which established a subsidiary, and in addition to unscom it was iaea affiliated action team which was to focus especially on the nuclear dimension. especially on declared capabilities of iraq. iraq had been praised by iaea, of course you recall, it's a wonderful contributor to a perfect safeguard. it turned out that they had been cheated, very effective at cheating. so that's why one had to create another arrangement. but it was very -- done in that way that it contained very important element, human

the iaea is forecasting continued high prices. if you're just a motorist, it might not make that much difference. but for the country, is this a step afford economically. host: some of the details from the international agency, world energy alec, u.s. oil production, the u.s. will pump 11.1 million barrels a day by 2020. quite a job. 500,000 girls hired in saudi arabia. u.s. oil imports will drop from 10 million to 4 million in 10 years. give us your perspective on what this means. >> it is good news from an economic point of view. environmentally, that is separate and not necessarily so great. this type of well production requires a lot of drilling. we're talking about thousands and thousands of new wells all over the country. that is one concern. it involves a lot of water. that is worrisome. from a price point of view, it is a mix thing. we also have very high oil prices, but we will be keeping more of that money here in the united states. host: the phone numbers for our guest, steven mufson, energy reporter for "the washington

nuclear watchdog group called the iaea. just for some context here earlier this week we told you members of the iaea, which is the nuclear watchdog group for the u.n., getting their e-mails and information hacked. all signs pointed that iran was behind that. we also reported to you yesterday that the associated press has a diagram from supposedly inside iran that showed iran wanting to develop a nuclear weapon that would be three times as powerful as hiroshima. today what we're getting crossing on the wires right now the united states effectively set a march deadline for iran to start cooperating with the iaea and let the inspectors into the country for full access. the united states diplomat says if they do not do this, if iran does not start cooperating they are going to recommend that the u.n. security council take this up. now what that means and whether or not that is a credible threat to get iran to start working with this group is a big question. time will only tell. the timeline is of the utmost importance as we kno

. >>> the iaea getting atteion looking to government subsidies to the fossil fuel industry.esearch says the sector got $523 billion tax breaks and government assistance around the globe. i don't know. i have to see those details. a 30% increase from 2010. >>> moody's predicts president obama will green light the ski tone exl pipeline in the second term. bubut a decision isn't expected to come quickly. nokidding. moody's says long permitting process means the pipeline may not become prathal until 2015, 2016. who knows. >>> coming up on "money" an economist who saysampant price-gouging on gas means there wouldn't be a post-storm crisis at all. very interesting. he will come on and explain this one. >>> remember when president obama said this? >> if you like your doctor you will be able to keep your doctor, peod. if you like your hlth care plan, you will be able to keep your healthcare plan. period. no one will take it away. no matter what. melia: well, some wal-mart employee are ready to jump onhe government dole. more may be just behind them. we'll tell you why. do you ever h

former ahead of the iaea, he said today and i quote, "president morsi usurped all state powers and apointed the new pharoah a major blow to the revolution that could have dire consequences." unchecked power for president morsi who the house rely on to keep the peace. >>gregg: a new poll shows half of israelis wanted their government to continue the offensive on hamas militants according to an israeli research firm, 49 percent of those said israel should have kept firing on the target. meanwhile, 31 percent support the government's decision to reach a cease-fire. and jonathan hunt has the news. jonathan, hamas predictably claiming victory. >>jonathan: it is in their interest to do that but they saying they and the people of gaza not only survived israel's aerial onslaught but, actually, forced the israelis to negotiate saying also that israel didn't dare launch a ground war and they have proven they can stand up to israel and they are claiming that israel and the world negotiated because of their rockets attacks not despite them and they achieved the promise of the blockade of gaza. and cont

melissa: there is a new report we were just talking about the from the iaea that exports are rising.ow is that possible because the sanctions were supposed to stop that? >> because of the colder months in the wintertime we see asian markets are booming. there is more demand from iran's oil and particularly south korea, china, being, very active in the, in the business of importing oil from the islamic republic. melissa: even know they're not supposed to be despite of sanctions? >> china has never been particularly helpful when it comes to sanctions regime. south career has been e accidented from some of those these sanctions and impos of iranian oil because of their energy dependency to the middle eastern oil market. >> say they're not worried what kind of toll this will take on the people. are they not concerned down the road there will be an uprising? >> in a type of regime like the islamic republic government institutions pursue their own goals. exactly because they are no longer under civilian control. so the revolutionary guard is not particularly interested in the overall survi

the iaea blames superstorm sandy, you remember her. >>> bipartisan group of 28 governors wants congress to renew a wind energy tax credit. governors say letting tax break expire will cost 37,000 jobs and drive away $10 billion of private investment. it expires at the end of this year. >>> next on money, elizabeth warren hasn't even been sworn into the u.s. senate but she already has the entire banking industry shaking in its boots. one of her biggest supporters couldn't be happier. i couldn't disagree more. he is here to debate it out with me. >>> plus, iran flexes its military muscle as sanctions tighten their grip around the regime. are the massive war games a signal it may be ready to lash out? more "money" coming up. ♪ ♪ ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at th special time of year, they shine even brighter. come to the winter event and get the merdes-benz you've always wished for, now for an exceptional price. [ santa ] ho, ho, ho, ho! [ male announcer lease a 2013 glk350 for $399 a month at your local mercedes-benz dealer. well, ha

the iaea blames superstorm sandy, you remember her. >>> bipartisan group of 28 governors want congress to renew a wind energy tax credit. governors say letting tax break expire will cost 37,000 jobs and drive away $10 billion of private investment. it expires a t end of this year. >>> next on money, elizabeth warren hasn't even been sworn into the u.s. senate but she already hasthe entire banking industry shaking in its boots. one of her biggest supporters couldn't be haier. i codn't disagree more. he is here to debate it out with me. >>> plus, iran fles its military muscle as sanctions tighten their grip around the regime. e the massive war games a signal it may be ready to lash out? more "money" coming up. ♪ ♪ . melissa: so newly-elected senator and former head of the consumer financial protection bureau, she was running fothat, not sure she was head of that,ut public enemy number one on wall street. according to rumors she could end up with a pretty posh assignment on the senate banking committee. do we really want someone so outspoken against the banking industry making rules for t

the iaea has not been permitted to inspect that site. >>> president obama is set for his overseas tripn. his stop in myanmar, formally known as burma, will be the first for a u.s. president. >>> the victory between hamas and gaza will come up. the white house is keeping a close eye on the conflict as israeli troops mass near the border with gazatop tom foreman looks at the fire power in place. >> let's look at how the battlefield is shaping up. about the size of new jersey. 7.5 million people. 70% jewish. unemployment below 70%. gaza really small. only twice as big as washington, d.c., predominantly palestinian and employment is bad. globalfirepower.com has called israel the tenth most popular military in the world. compulsory military service. every young person must go into the moilitary for a while and they have a half million that they can call from the reserves very quickly. ground forces also very impressive. if you count the artillery pieces and mortar, you can get 12,000 forces on the ground. 800 aircraft out there, including some 200 helicopters. this is largely what they used

seen the report to which you just referred but we do know, because of the public reports made by the iaea over the last couple weeks, that iran continues its efforts to enrich uranium and drive towards a nuclear weapons capability. i believe this will be the number one national security challenge that the united states faces in the next 12 months. i do think that president obama's instinct to try to see if iran is amenable to negotiations is the right one because that will tell us whether or not iran is serious about stopping short of a nuclear weapon, whether they can live with -- well live without a nuclear weapon and be live within their international obligations. but iran faces -- does pose other challenges and you mentioned them, they've been supplying these rockets to hamas, supplying very sophisticated rocket technology to hezbollah. this poses an enormous security threat to israel. we've seen that play out in gaza. so there are a lot of issues before the administration. many, many very serious, but none bigger than iran in stopping them sort of a nuclear weapon is a very urgent na

look at the iaea, they say oil demand will rise from about 87 million a barely as day to over 100 million day. we have found all the cheap oil, so the cost is going to go up. what the increased production does do is it tempers those price rises and keeps the money here in the u.s. >> thank you for joining us. >> thank you. >>> up next, boris is going to need a shot. russia bans its national pastime. that's next. [ female announc] today, it's not just about who lives in the white house, it's about who lives in the yellow house, the green, and the apartment house, too. today we not only honor the oval office, but we honor the cubicle, and the home office as well. because today it's about all of us. and no matter who you are, you're the commander-in-chief of your own life. ♪ boproductivity up, costs down,f thtime to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. governor of getting it done. you kno

. >>> a new iaea report out on iran offering sobering details.eport claims the iranian regime is ready to increase production of 20% enriched-uranium adding 700 centrifuges at the facility. this leaves the islamic state months away from being able to make the core of a nuclear warhead. >>> the coast guard says the fire on the black. l the f energy platform is out after it exploded on off the coast of louisiana. 11 were airlifted to local hospitals. another two missing. oil leaking from the gulf as a result. those are the headlines. back to tracy. tracy: arthel neville, thank you very much. for the first time in the 78 years it looks like the fha will need help from you the taxpayer. not just a little help. we're talking billions of dollars, peter barnes in washington with the story we have to say again, liz macdonald pointed out in 2009, peter. >> that's right, liz. that's right, tracy. liz did do that. what are we looking at here? potentially a government, third government bailout of a housing agency, first fannie and freddie. which got $187 bil

how the breakdown in talks with the iaea is playing into the oil trade and concerns about mideast more broadly. >> certainly. the basic answer is just going to be more geopolitical tensions around the middle east which is obviously a key producing area. and that could keep prices of oil afloat if not rise higher. i think ultimately if we tighten sanctions on iran what's going to happen is that other members of opec will have to keep on producing at elevated levels and as a result the amount of spare production capacity we'll have in the system will remain low. that means the market is exposed to unplanned supply outages and as a result will be upwardly price sensitive. >> i'm sure it's difficult from your point of view to calibrate exactly how to factor it into 2013. because if on the one hand there's no major flare up in tension, global command may be looking weaker, downward pressure on the price. so how do you factor it in? >> certainly you could consider what will be israel's response in relation to the development of iran's nuclear program. now that we've passed u.s. elections, wi

we got the reports this week as well that the iaea the scientists that participate in that nuclear watchdog been hacked by what appears to be iranian sources. and you have iran out with new submarines as well. this is constantly flooded into the media. how do we combat this not only through sanctions and policy but through this propaganda war that we are seeing in front of us as well? >> i think the iranians are trying to back the europeans and the obama administration off. they don't like the sanctions, they are causing economic pain but they are not affecting the nuclear weapon program. iran is trying to show, they are moving ahead, the sanctions are not slowing them down on the nuclear front. therefore why europeans in particular should you feel pain on your side. the question of iran's nuclear program is just not going to drift into the future indefinitely. we'll come to a crisis point sooner rather than later. i think after the israeli election in january they'll have to make some hard decisions whether they use preemptive military force or not. jenna: you think the timeline leads to u

s nuclear watchdog agency, the iaea into iran's nuclear activities this he criticize iran for its failureo answer questions about the alleged military dimensions of iran's nuclear program. they continue to criticize iran for failing to give it access to nuclear scientists, and to some particular sites that the u.n. inspectors want to take a look at, to see what took place there. i think the issue that is of most concern, though, in this latest report according to u.s. and western diplomats i've spoken to is the fact that over the past three months or so, iran appears to have increased its capacity to enrich uranium, nuclear material needed to build a nuclear bomb, to the point where it effectively doubled its capacity in a secure underground bunker built inside a mountain to revent it from being hit by air strikes. that's something very worrying for diplomats and observers of the situation, of course it means if it chose to, iran could build enough material to build a bomb much quicker than it could previously, don. >> absolutely, matthew chance, thank you for that report. we appreciate i

the iaea, the international energy agency for example over the weekend put out a new study saying theg to surpass saudi arabia and russia to become the largest producer of oil. >> in like eight years. and the ceos, we talked to all of them and say wow. they're so worried about hitting their numbers for the next quarter they can't possibly -- if they get the slightest, if sales don't go up with what their plan is, it's like the end of the world for them. >> everybody wants the economy to continue growing. >> cars, whatever business they're in, oh my god f there's a slight -- of course, they're talking their book the ceo. >> choices need to be made and when choices are made, commitment is better than uncertainty. >> dan, thank you. you've given us a lot to think about today and to talk about and we hope you will join us in studio sometime soon, too. >> thank you very much. >> thank you, appreciate it. >>> coming up former ceo douglas holtz-eakin. >> look who is behind you. >> from "deadly affairs" susan lucci outlines tell tale signs of an affair, the queen of daytime making her way to

i think what was meant about the march reference was either about the iaea and its continuing work or the fact that we finished our election and now it would be a good time to test the proposition, that there can be some good faith in syria's negotiations. i think that it is a difficult matter to predict because it really depends upon how serious the iranians are about making a decision that removes the possibility of there being able to acquire a nuclear weapon or the components of one that can be in effect on a shelf somewhere and still serve as a basis for intimidation. we get differing reports, as i'm sure you have seen, as how the supreme leader is about that, but we want to test the proposition. this president came into office saying he was prepared to engage with iran, reach out to iran without much reciprocity. we put together this unprecedented coalition to impose these very tough sanctions on iran. we know they are having an effect internally. but i think we will see in the next few months whether there is a chance for any kind of serious negotiation. right now, i am not sur

since january this year the iaea has had six meetings with iran's government to discuss verification methods. diplomatic sources say the agency's mission is likely to be led by the chief nuclear inspector deputy inspector general. the iaea is asking iran to allow it multiple access to the facility but the iranians insist that on-site inspection is allowed only once. it's unclear whether the upcoming talks can narrow the differences between the two sides. >>> tdebris from the tsunami tht hit japan last year is going across the pacific. much could wash ashore in north america next month. an estimates 1.5 million tons of wreckage is floating towards the united states and canada. scientist at kyoto university are analyzing the debris movements. they say 33,000 tons of material may wash ashore in north america by june. they say fishing boats, bowuoys and other items could be in in the philippines by february. they have given the prediction to officials in the united states and canada. >>> cleaning up contamination from the fukushima daiichi nuclear power plant is a bigger task than anyone

just this week the iaea said iran has not slowed down its enrichment activities, continues to deny access to inspect facilities, has actually conducted live tests of conventional explosives that could be used to detonate a nuclear weapon. we must make clear to the iranians that toughening out and waiting out is not an option. that it will only get worse. and i hope we have, on behalf of senator kirk, myself, lieberman, casey and many other colleagues, a strong bipartisan vote we had last year. with that, mr. president, i ask for the yeas and nays. the presiding officer: is there a sufficient second? mr. levin: mr. president? the presiding officer: there appears to be. the senator from michigan. mr. levin: mr. president, i would ask for 30 seconds on this amendment. the presiding officer: without objection. mr. levin: mr. president, i strongly support this amendment. it will continue to tighten the sanctions on iraq -- on iran -- excuse me -- and to bring into strong participation the international community. and this amendment is a continuing effort. the administration has made major effo