john harwood joins us from washington. john, the senate has just voted down the measure. it fell one vote shy, apparently, of what is needed. what happened? and what happens next? >> what happened was mary landrieu was scouring her colleagues, trying to get that 60th vote. all 45 republicans voted in favor, 14 democrats, including mary landrieu were in favor as well. that got to 59 and she went over, went after people like angus king, the independent from maine. chris kunitz from delaware. tom harkins from iowa. dick durbin, the senate, leadership from illinois. all the potential prospects but they gradually have been coming in and saying, no, i'm not going there, jay rockefeller, the outgoing senator from west virginia as well and what happens next is republicans are going to bring it back up early next year. mitch mcconnell says that right after the vote. i expect they will have 60 votes then. >> so what happens to this pipeline? is the government eventually going to okay it? >> i believe so, sue susie. i think first of all they will have the votes in the new congress.

and setting up a big fight with republic john harwood joins us from washington. what a busy week it has been, . what exactly is the executive action? >> reporter: we don't know all the details, but we believe what the president is going to do is d dreamer kids that he signed a people meeting certain criteria would have their deportation defer and would be able to work in the meantime. they get a legal status for a temporary period of time. he'll extend that to probably family members of people who are eitht -- if the family mens are not citizens they'd get that pro depending on how you define it. could be up to 5 million people. >> how is this going to go over in congress? >> well, house speaker john boehner came out today and he call obama. republicans agreed that they believe this is beyond his presidential authority and in fact pre beyond the ability of the president to do this. he has been considering this and e tomorrow in a speech and also on friday when he's going to travel to las vegas. >> what does the public think? >> well, the public does not like this

john harwood is with us now to talk about what today's mid-term elections mean for your money. so, john, let's just say the republicans do take control of the senate. if that were to happen, what does this mean for fiscal policy? will there be another budget showdown? >> i think republicans have decide a government shut down crisis or things bad for their party in future elections, but i do think it will make a change in the approach the senate takes to issues like potentially tax reform. that's not likely to happen in the next couple years. it makes trade deals more likely. the trade deals they are trading with specific partners. as well as one in europe. it makes the possibility the keystone pipelines could, in fact, go through, which has been held up in part because democrats are uneasy. >> let's talk about political issues that could be acted. it's one immigration, the other is obamacare. >> the senate has passed the bipartisan immigration. so long as the house appears poised to block that measure. it's hard to see what, in fact, could get through the senate that would chang

john harwood will be live with us from washington. this is no telenovela. mexico's first lady under fire for taking houses from companies doing direct business with her husband, the president of mexico. now, for the first time she is speaking and michelle caruso-cabrera will tell us what she says. first to sue at the nasdaq where she will talk to the ceo of a company that just went public. >> that's a great story and we will get to it in just a bit. we begin with mounting fears about the safety of cars on american roads. regulators calling for a national recall of millions of cars with air bags made by japanese auto parts supplier takata. phil lebeau joins us live from the l.a. auto show where air bags are stealing the show at this point. phil to you. >> reporter: a lot of attention regarding the takata air bag recalls. a lot of people saying i'm not sure what is going on. last night the national safety highway administration held a conference call saying there should be a nationwide recall of millions of takata air bags. prior to this it was regional recal

john harwood is in washington. what is issue number one? >> issue number one is to get government funded through the end of the year. government funding runs out on december 11. what we have seen from the president is what we have seen all week since the election, spinning the results not as a repudiation as his own agenda. his interpretation is it is demand for results. >> the american people just want to see work done here in washington. i think they are frustrated by the grid lock. they would like to see more cooperation and i think all of us have the responsibility, me in particular, to try to make that happen. and so this gives us a good opportunity to explore where we can make progress on behalf of the people who sent us here. >> now, there will be some cooperation but i would expect it to be limited. government funding, as i mentioned, perhaps in the lame duck session, upcoming authorization for military force against syria and money for ebola. beyond that for the next two years looking at things like trade deals with pacific and eur

john harwood is in washington tonight. john, what is the president preparing to do on immigration and when? >> on immigration, tyler, the president's preparing to issue an order that, using executive authority alone, not legislation, would grant legal status and the ability to work in the united states for an unknown number of millions of americans who -- or people who are now here illegally. this would be an expand of the dreamer legalization that he did a couple of years ago. in essence it defers deportation and grants legal status while that's taking place. we expect it to be some time in the next couple of weeks. not sure if the president will get a funding deal with republicans because they're angered by this move. >> tell us more. how do you thing the republicans will respond? >> well, some of them were strident republicans in the congress may call for the impeachment of president obama. of course, republican leaders don't want that. others may try to shut down the government or refuse to raise the debt limit in the n

john harwood joins us from washington with more. john, good evening. what is in this bill and why would the president veto it? >> ttyler, it's a $450 billion ten-year bill with renewals of the research and development tax credit dispensing depreciation for business, congress knows they will extend and they are this time again, too, but they don't do it on a permanent basis in order to preserve something that will be an engine to take other legislation through congress. it is kind of a game but washington has not decided to get rid of the game. now what happened is the democrats and republicans negotiating and democrats knowing they are losing control of the senate negotiated a deal to make some tax breaks permanent. that creates two problems for administration. one, is it lowers the amount of future revenue the government will have so that if we do a tax reform deal that is revenue neutral next year thanks means the government is starting from a lower base, won't have as much money to fund the things the president believes they need. the second is what

john harwood, thanks a lot for that update. we are waiting for that vote still.'s say it does go through if not tonight, maybe when the republicans take control in january. so oil prices, what happens to them? they go down presumably because the movement of oil is much faster? we don't need trains to bring the oil to where it needs to be? what are some of the ramifications. >> we could talk about whether it's positive for refiners or negative for them, but pwr, they have a -- they're the ones that are going to build the pipeline. if you want to play a really direct play, it's been factored in there was going to be no keystone. this has only upside risk in my opinion. if you see that it eventually gets passed, pwr is what you want to buy. >> we're coming right back. stay tuned. >>> what's up with home depot? i'm getting my hands dirty on this one. plus gauging amazon's holiday game potential. an exclusive interview. "mad money" is next. tdd# 1-800-345-2550 even on the go. tdd# 1-800-345-2550 open a schwab account, and you could earn tdd# 1-800-345-2550 300 commiss

so does this signal a new er ch asserts itself on the global stage in order t john harwood has more. >> reporter: president obama's trip to asia made clear he's with his priorities anyway. he announced a new agreement with xi jinping that would accet economies in curbing carbon emissions. >> we have a responsibility to thatthe global effort against we can announce an historic agreement. i commend president xi, his team and the chinese government for , peak and then reverse the course of china's carbon emissions >> reporter: that's not the first move that mitch america connell from the coal state of kentucky had in mind. >> i was particularly distressed by the deal. an parentally he's reached w which is -- as i read the agreement, requires the chinese to do nothing at all for 16 y o promote a trade deal with asian allies even as china promised a competing deal. >> i would welcome the president moving to the middle. said before i hope we can do some business on trade and tax reform but the first indications are not hopeful. >> reporter: the s >> tyler and susie, the impending executive

white house correspondent for "the new york dan balz, chief correspondent for the washington post, john harwood, chief washington correspondent for cnbc, and beth reinhard, national politics correspondent for the wall street journal. >> award-winning reporting and analysis, covering history as it happens. live from our nation's capital, this is "washington week" with wen ifill. corporate funding for "washington week" is provided by -- >> how much money do you have in your pocket right now? >> 40 dollars the >> 21. >> could something that small make an impact on something as big as your retirement? well, if you start putting that money towards your retirement and let it grow over time, 20, 30 years, that retirement challenge might not seem so big after all. >> the future of surgery is within sight. our research is studying how real-time mulled -- multimodality imaging during surgery with help precision and outcome. brigham and women's hospital. it all starts here. >> additional funding is also provided by the annenberg foundation, the corporation for public broadcasting, and by contributions to

john harwood joins us now with more on tomorrow's big races. so nice to have you here on set with us, john, a day before the elections. so as you look over these races that you've been covering, to what extent has the economy been the theme? >> well, not as much as you'd think and certainly not as much as democrats would have hoped. because remember, we've had an unemployment rate that's come down two full percentage points since the president's second term began. stock market's up more than 25% we just completed the fastest six-month period of growth since 2003. and yet president obama's ratings are down and democrats are poised to lose in the election. that's partly, susie, because the nature of the modern economy is such that when it's going well, the benefits tend to afford a relatively small number of people and not to the vast majority of voters. >> democrats poised to lose, which means you think that the republicans will take control of the u.s. senate giving them full control of both houses of congress. why should business care about a r

. >> john harwood has the statest state of play in washington. john?rter: the question is whether mary landrieu with 45 republicans voting yes can get the 15th democrat vote she needs to get to 60 and clear the filibuster hurdle. here's mary landrieu trying to persuade her colleagues this morning. >> just fyi to everybody that thinks this pipeline is the end of the world, we already have 2.6 million miles of pipe in america. 2.6 million. miles of pipe. we're only completing basically a thousand miles. what is everybody upset about? we've been building pipelines in this country for a long, long time. >> reporter: so here's the problem for mary landrieu. she's getting responses from those who hadn't declared like this one from tom harken. >> i've come to this one conclusion. that every dollar that we spend today on developing and using more fossil fuels is another dollar spent in digging the graves of our grandchildren. i don't want to dig that grave anymore. it's time to get off our fossil fuel habit. >> reporter: so what we now know is we're stuck at 5

. >> john harwood now jones us live from washington.there's a good chance that this keystone pipeline will get passed in january. but what's the likelihood of a presidential veto if the congress does pass the keystone pipeline? or do you think president obama will use it to his leverage to get some of these agenda items passed? >> i think leverage is exactly what the president is looking for. it is likely that they will get 60 votes in the republican-led senate in january. of course, it will pass the house again. there aren't enough votes within either chamber to override a presidential veto. but i would expect the president would not make it his goal stopping the pipeline so much as getting something in return for it. he has indicatedette not adamantly opposed to the pipeline. but since republicans do, he is going to look at this as a chance to make a deal with the new republican majority in both houses of congress. and so we'll see whether that deal can get done. it's going to be hard. we know how relations are between the two parties

let's get more from john harwood. >> morning, carl.olitical ads, all that spending is coming to an end today. voters are going to the polls across the country. it's only a few states that will decide the outcome. let's look at the current state of the senate. 55-seat majority for democrats. harry reid's the leader. mitch mcconnell leads a caucus of 45. when you look at what's going to happen after tonight we start with the certainty, the near certainty of a different lineup which is 46 republicans, 45 democrats. those are the seats either not on the ballot or locked down which leaves nine undecided. when you look how current polls stand in those nine races, republicans have a clear upper hand, which yields if the polls hold, a 52-seat republican majority. 48 democrats that. would give the gavel to mitch mcconnell. it has democrats only winning north carolina, new hampshire and kansas, where the independent leads. none of those things are certain. if a republican sweep, it could go bigger for the republicans. >> the likelihood we have t

let's get the details from john harwood. john?lly, whether he intended to or not, chuck schumer, third ranking democrat in the leadership in the senate picked at a scab that's got b more irritated since the elections when democrats were wiped out in their majority and now face prospect in the minority. schumer gave a speech at the national press club to lay out an economic agenda going forward and he said something that some other democrats have come to believe which is that the decision for the obama white house to go all in on obamacare in 2009, 2010 was a mistake. >> after passing this stimulus, democrats should have continued to propose middle class oriented programs. and built on the partial success of the stimulus. but, unfortunately, democrats blew the opportunity the american people gave them. we took their mandate and put all of our focus on the wrong problem. health care reform. >> reporter: now that trigger add outrage response from some obama officials, current and former, including a former spokesman who put out this

let's go to john harwood with the visit. having an impact in the u.s. y, john. >> reporter: exactly, kelly a. year ago when president obama met with xi xin ping in california, he wanted to make a point on the hacking but he was on the heels. now he has a fresh public excuse to raise the issue because of the allegation by the u.s. postal service that the chinese government hacked into their compute earls, compromising potentially the files of 800,000 employees. but that didn't stop president obama from taking a step to liberalize visa provisions extending business and tourist visas from one year to ten years with big economic payoff potentially he said. >> keep in mind, last weir 1.8 million chinese visitors contributed to the united states $21 billion to the economy and sup porded more than 100,000 american jobs. this agreement could help us more than quadruple those numbers. >> reporter: why that would be? an issue with the american business community constantly, certainly. ten-year vi sarks that's certainty, kelly. >> thank you. for more on the preside

john harwood joins us with the latest. e to be a fly on the wall in that room. >> i bet the wind is blowing just as hard in that room as it is out here in the white house driveway. you can see speaker -- boehner left the capitol this morning and gone in with both parties and the congress and trying to figure what they can get done in this lame duck session and look ahead to next year. the answer as i think it's been clear from the statements the last couple days is not alot. there are not tremendous hopes but some certainly in the lame duck they can keep the government running. extend government funding through the end of the year. they can debate and perhaps pass a new authorization to use military force in syria. the democrats are going to try to push through some judicial nominees because they know the president is not going to get very many onto the federal bench once republicans take over. and there will probably be some talk around the edges of immigration, which of course the president's vowed to do an executive orde

john harwood has the story. hi, john. >> hi, kelly.adout from the white house on the meeting, first one on one meeting between janet yellen and president obama since her confirmation. the president -- the white house said that they discussed the ongoing implementation of dodd-frank which the fed has a big part of, as well as prospects for growth and comes right after a third quarter gdp report that completed the strongest u.s. growth in more than a decade so some good new tons whorizon. they're watching when's happening in the next six months and beyond that. kelly? >> and all this as he prepares to leave for asia, as well. john harwood, thank you very much. if you thought the improving market giving the housing market a boom, think again. purchases falling to a 30-year low. is that a warning sign for the next leg in housing? we'll talk about that next. >>> and did friday's deadly virgin galactic crash set back the industry? tom kendricks joins us with his view coming up. we'll be right back. ♪ [ radio chatter ] ♪ [ male announcer ] an

that is how big this majority is right now. >> john harwood, did it pay off? >>. not going to make the kind of difference i watch as somebody who lives in the washington area the ads bill clinton cut for anthony brown the candidate for governor in morale. it was you need a leader. you need a plan. people don't pay attention to that stuff when you got a tide like this. the one thing i think we can say for certain, absolutely, positively, hillary clinton will not win the presidency by double digits in two years. >> exactly. endorsements matter so rarely. i think it's unfair for people to look at hillary clinton, who by the way i said had it miserable by 2014. it's unfair to blame hillary clinton for not being able to carry weak candidates in the finish lean. >> i thought bill and hillary were like the magic touch? >> like he said, when you get a twhaef big, you can only stand on the beach so long. >> if i were hillary clinton, i would be worried about who lost, people who have been around a while? that's what voters wanted. they had a chance to reelect kay hagan. i

john harwood joins us with more. >> whenever a u.s. president meets with his chinese counter part security is on the agenda. the president is in the region for the apec summit meeting and made clear his principle purpose is expanding commerce. >> as president of the united states i make no apologies for doing whatever i can to bring new jobs and industries to america, but i have always said in the 21st century the pursuit of economic growth, job creation and trade is not a zero sum game. one country's prosperity does not have to come at the expense of another. >> very interesting choice facing america's asian trading partners. the united states as part of the president's pivot to asia is seeking a regional trade deal that does not include china that would involve pretty aggressivive lowering. china allowing some local industry projection. how that resolves over the next several months and years will be an indication of where the united states goes with that pivot. >> thank you very much. how will president obama's wishes really ease th

john harwood with the details on how it went down. john? >> reporter: busy day at the white house. with the cabinet while he was in the process of making that decision we heard about later to double the troop presence in iraq. but the important symbolic meeting of the day was his meeting with the congressional leadership in the wake of those elections and the president continued to put his spin on the results saying it wasn't a repudiation of the agenda. it was a demand by the american people for action. >> the american people just want to see work done. here in washington. i think they're frustrated by the gridlock. they would like to see more cooperation and i think all of us have the responsibility, me in particular, to try to make that happen. and so, this gives us a good opportunity to explore where we can make progress on behalf of the people who sent us here. >> reporter: now, the president reiterated in that meeting that he intends to move ahead unilaterally on the issue of immigration if congress doesn't act. members of congress did not come to the microphone s afterwards.

our own john harwood is here. what do you think? is it makes a difference in the outcome?don't think money is going to be what decides the election. i think what likely is going to decide the election is a public mood that favors republicans and goes against democrats and president obama. but you've got to have money to get your message out and when you have a country that's divided as closely as the united states is, two red team and blue teams of equivalent size, you're going to have a huge draw of money to places like north carolina which is the most expensive race. colorado, iowa. all those are tipping point races that could determine whether mcconnell or reid holds the gfl and that matters to business. >> any race you can point to the money played a role in this state? this person was not doing well, they threw in another $50 million and now they're ahead? it seems like if they spent 10 bucks in every race they would have had the same poll. >> well, i think you're on to a very good point, which is, as polarized as the country is now, as locked in as most viewers' view

cnbc chief washington correspondent john harwood back at hq with all the details of the results of the elections. how late were you up, john? >> about 1:00, 1:30, something like that. it was a tremendous night for republicans. they had break-through wins all across the board in the senate. they also had some great upsets in governors races, including larry hogan winning in maryland, where nobody had expected it. most of the focus was on kong. let's take a look at where the senate is right at this hour. republicans have got 52 seats so far. they could run up the score further because the two undecided seats are alaska, where the republican has been leading over the democratic incumbent. and louisiana, where mary landrieu faces a runoff. she's going to be the underdog in that runoff. that's a solid majority for mitch mcconnell. let's look at the house of representatives. the house picked up seats to have the largest majority that they have had since before the great depression. we're projected about 250 seats right now, although all the ballots are not counted. why do those things happen

midterm election is finally here and john harwood at the senate is the big ticket item, isn't it?s control of the house not in doubt. there are big governor's races throughout and everybody's watching to see if republicans can overcome the democrats' 55-45 edge in the senate. let's take a look at the map. key races to watch. nine states from alaska all the way up to new hampshire. seven of those are now held by democrats. six carried by mitt romney in the 2012 election. now, let's go to races where democrats have got the upper hand so far. we are looking at three races, all close. new hampshire, shaheen trying to defend off brown. hagan in north carolina, she is holding a steady lead but tillis is coming on late and in kansas where orman is an independent and hasn't decided who to caucus with and democrats hope he'll knock off incumbent pat roberts there for three terms and now the other six races and republicans are doing well. alaska, begich, legacy politician facing a tough challenge of dan sullivan. in arkansas, cotton, rising star against pryor and whose father was a senator