the bond market has already priced in that they are in bad physical shape, whether it is illinois or california. -- bad fiscal shape whether it is illinois or california. it will have to be discussed before we understand. this congress and the majority i have the pleasure of serving in has no appetite for a bailout of any kind for the states. that is the only thing going into these hearings that we know the answer on already. >> just having this discussion before we get to the legislative possibilities raises concerns that it could create more jitters in the bond market. and how does that play into how you plan on holding these hearings? >> it certainly plays a role. i think we have seen markets not accurately price risk. we have seen credit rating agencies make mistakes. in failing to accurately disclose risks. beyond that, just this week, we saw one of the rating agencies come forward and described the credit rating and mention unfunded liabilities of state pension plans. this discussion could originate in the private sector demand more disclosure rather than congress legislating it. >> with

of verse is the states that said, the bond markets are in bad physical shape whether it is illinois or california. i am not convinced it is the right approach, but it is something we are going to have to discuss and better understand. i do know, and i can say this for certain, that this congress and the majority that i have the pleasure to serve and in the u.s. house, has no appetite for a bailout of any kind for the state's. host: north carolina republican congressman patrick mchenry i "newsmakers" at 10:00 a.m. eastern. we are asking about egest political future, a weekend with a number of developments -- we are asking about egypt's political future. the fifth day of protests and a number of cities, including alexandria and cairo. democrats line. good morning. caller: i would like to see the american government asking the egyptian government to have a watching over the next election thethe end of 200111, presidential election in egypt. i think that will fix most of the things and rights in egypt. i wish that would have been in support of a national country, like not only the united states. i wo

or more states because clearly the problem is concentrated in a handful of states. as i indicated, five states where the significant majority of the 2011 gaps illinois, arizona, washington, california, and texas. we got to be ready with a plan if we are approached with respect to requests from any or all of those states. and i understand fully that's not your -- in your domain, but i think we can responsibly anticipate that we may have requests made to us. and i can tell you i don't think congress, the house or the senate, are going to be very interested in bailouts to states. >> mr. chairman. >> senator manchin, if i may, and just open discussion here. the states are going to be in a situation where they are going to have to have the flexibility to refinance. to put their financial houses in order. everybody bet if we will, they worked out of '08 levels, the amount of stimulus that helped them get through a difficult time. we thought the economy would pick up. it hasn't. they are still story. they are making draconian cuts. we are aware of that. our bond ceilings that we have as states that we are able to go out to the market with, there might be some creative finance that's neede

or more states because clearly the problem is concentrated in a handful of states. as i indicated, five states where the significant majority of the 2011 gaps illinois, arizona, washington, california, and texas. we got to be ready with a plan if we are approached with respect to requests from any or all of those states. and i understand fully that's not your -- in your domain, but i think we can responsibly anticipate that we may have requests made to us. and i can tell you i don't think congress, the house or the senate, are going to be very interested in bailouts to states. >> mr. chairman. >> senator manchin, if i may, and just open discussion here. the states are going to be in a situation where they are going to have to have the flexibility to refinance. to put their financial houses in order. everybody bet if we will, they worked out of '08 levels, the amount of stimulus that helped them get through a difficult time. we thought the economy would pick up. it hasn't. they are still story. they are making draconian cuts. we are aware of that. our bond ceilings that we have as states that we are able to go out to the market with, there might be some creative finance that's neede

or out-of-state activists like grover norquist. illinois, the only state with a worse credit rating than california, now faces tax hikes of 66%. to avoid that, urge your representatives to do what's right, not what's popular. make the cuts, extend the taxes and finally balance the budget. join theat nbcediri to nbceditorials.com. and ross mathews a

or out of state activists like tax reformer grover norquist. illinois, the only state with a worse credit rating than california, now faces tax hikes of 66%.oid that, urge your representatives to do what's right, not what's popular. make the cuts, extend the taxes, and finally balance the budget. join the debate at nbceditorials.com. >>> i'm curly neil of the world famous harlem globetrotters. and you're watching "sports sunday" with raj. >>> hello, everybody, welcome to "sports sunday" and thanks for joining us tonight. i'm raj mathai. we are coming to you tonight from our temporary studio x here at nbc bay area. next sunday we'll anybody our new studio. or so they tell us. a lot of things happening on this holiday weekend. the latest twist with the raiders, are you hearing this? if it's true, it's just a reminder of how continually baffling this franchise is. our guest tonight, hello, herschel. al davis was pursuing him back in the day. could you imagine herschel walker in silver and black? the former football star and ballet star, bobsledder, and current mma fighter is in studio with us. the road to the super bowl now, head over heels f

or more states because clearly the problem is concentrated in a handful of states. as i indicated, five states where the significant majority of the 2011 gaps illinois, arizona, washington, california, and texas. we got to be ready with a plan if we are approached with respect to requests from any or all of those states. and i understand fully that's not your -- in your domain, but i think we can responsibly anticipate that we may have requests made to us. and i can tell you i don't think congress, the house or the senate, are going to be very interested in bailouts to states. >> mr. chairman. >> senator manchin, if i may, and just open discussion here. the states are going to be in a situation where they are going to have to have the flexibility to refinance. to put their financial houses in order. everybody bet if we will, they worked out of '08 levels, the amount of stimulus that helped them get through a difficult time. we thought the economy would pick up. it hasn't. they are still story. they are making draconian cuts. we are aware of that. our bond ceilings that we have as states that we are able to go out to the market with, there might be some creative finance that's neede

or the senate are going to be very interested in bailouts to states. >> reporter: conrad mentioned five states that might be calling washington for help-- illinois, arizona, california, washington and texas. darren gersh, "nightly business report," washington. >> tom: here are the stories in tonight's n.b.r. newswheel: stocks were under a little pressure on that jobs report: the dow fell 22 points, the nasdaq six, the s&p 500 was off two. trading volume topped a billion shares on the big board almost two billion on the nasdaq. who holds the actual mortgage? that's now a key question in foreclosures. today, massachusetts' top court voided two foreclosures done by wells fargo and u.s. bancorp. the court says the companies couldn't prove they held the mortgages when they foreclosed. speaking of loans, americans are taking out more of them to buy cars or go to school. consumer credit edged up in november by $1.3 billion. but credit card debt fell for a record 27th month in a row. still ahead, how contract work helped one woman find her way back to full time employment. her story in tonight's "you're hired!" >> susie: the race is on for green cars. today ford motor rolle

or more states because clearly the problem is concentrated in a handful of states. as i indicated, five states where the significant majority of the 2011 gaps illinois, arizona, washington, californiad texas. we got to be ready with a plan if we are approached with respect to requests from any or all of those states. and i understand fully that's not your -- in your domain, but i think we can responsibly anticipate that we may have requests made to us. and i can tell you i don't think congress, the house or the senate, are going to be very interested in bailouts to states. >> mr. chairman. >> senator manchin, if i may, and just open discussion here. the states are going to be in a situation where they are going to have to have the flexibility to refinance. to put their financial houses in order. everybody bet if we will, they worked out of '08 levels, the amount of stimulus that helped them get through a difficult time. we thought the economy would pick up. it hasn't. they are still story. they are making draconian cuts. we are aware of that. our bond ceilings that we have as states that we are able to go out to the market with, there might be some creative finance that's needed to

or by proxy to cast a ballot. any questions? secretary sharon they will call the roll. >> alabama, alaska, american samoa, ariz., arkansas, california, colorado, connecticut, delaware,d.c., ,hawaii, georgia, was oguam idaho, illinois, indiana, iowa, kansas, kentucky, louisiana, maine, maryland, massachusetts, michigan, minnesota, mississippi, missouri, montana, .ebraska could we please go in the roles we go when so you are not fighting the traffic trying to go the opposite direction? that would help us. nevada, new hampshire, new jersey, new mexico, new york, north carolina, north dakota, , ohio,n mariana as oklahoma, oregon, pennsylvania, puerto rico, rhode island, south carolina, south dakota, tennessee, texas, utah, vermont, virgin islands, virginia, washington, west virginia, wisconsin, and wyoming. here we go again. >> are there any members of the republican national committee who have not exercised their opportunity to vote? i declare this section to be informally at ease. the floor remains close to non- members with the exception of nonmember candidates for rnc chairman. >> our results in descending order. priebus, 58, cino, 29, steele, 28, wagner, 28, anuzis, 24, and one write in candidate that was not for

programs or offend public employees, republicans don't want to put taxes on bat bal oton t theballot to decide. politicians listen to us. illinois the only state with worse credit rating than california "today" on a tuesday morning, the 18th of january, 2011. wet, icy, miserable morning here in the northeast. but we have a couple of stragglers down there. i'm not sure if they are here to see us or waiting for a cab. but we thank them for standing on the corner. i'm matt lauer along with al roker and tamryn hall giving us a hand while natalie is on assignment. happy you made it back from los angeles. did you have a good time? >> i wish i hadn't made it back. >> lucky you made it before the storm. >> it will be 83 degrees in l.a. and we had a great time at the afterparties on the red carpet. had fun. got to see a lot of neat people. the golden globes are fun. it's both movies and tv and everybody's loose because they're drinking. >> which is always a good thing. we'll talk about the weather in a moment, have a live report from hartford coming up. >> and if the bad weather has you dreaming of getting away from it all we're cutting costs from hotels, restaurants to entertainment. you don