with reporters and john schwartz of usa today, this week on president here. >> i am scott ma grew. we have lots to talk about disruption this morning. companies taking old-fashioned industries and shaking them up. my first guest left an industry so badly shaken someone threatened to break his knees. >> we'll say why did you do this? why would you ever? >> they never did catch the fell lo he that threatened glen kelman and we don't know what industry the bad guy worked in, but we can make an educated guess, it was real estate. that's because kelman's company red fin is doing to real estate agents what online travel sites did to travel agents. red fin real estate agents don't take the usual 6% commission, selling a home meaning a savings of tens of thousands of dollars. if you're buying a home, red fin takes its split from the selling agent, usually 3%, and gives you most of the money. glen kelman is founder of red fin and serves as the ceo. the first job is worng at a roast beef sandwich shop washing dishes and tells the l.a. times he spent his teen years smelling so much like roast

schwartz. you will hear from former michigan governor, john engler, president of the business roundtable. >> thank you both for joining me and for joining our whole audience here. we have an important session in congress coming up in four weeks now. it up for consideration are billions of dollars of past provisions as well as the bush era tax rates, not to mention the sequester and the possibility of another debt limit discussion. rather than opening on gramm talk of the obstacles, i would like to talk about possibilities. i will start first with congressman schwartz. >> where do you see the area of greatest potential, common ground, and compromise? >> first, good morning to you and everyone here. larger than life here. you look great. that is always good to know. i do appreciate the opportunity to have this discussion. especially given that we have an election in three weeks. what happens will have an impact, even though we will be the same players in december as we are in congress now. but i do think it will have an impact on how we move forward and what we leave for after the new year and what

keynote panel with representative allyson schwartz, and joining us via satellite this morning we have representative pete roskam, followed by an interview with john engler, and finally two expert panels. our first keynote panel this morning features representative allyson schwartz of pennsylvania who serves as the vice ranking member on the house committee on the budget. representative schwartz represents pennsylvania's 13 congressional district and is currently serving her fourth term in the u.s. house of representatives. during the 110th and 111th congresses, she served on the committee on ways and means which has jurisdiction over federal tax policy. representative schwartz now serves on both the committee on foreign affairs and the committee on the budget. joining us also via is the satellite this morning is representative peter roskam, currently serving his third term, he is the republican chief deputy whip, the fourth ranking republican in the house, and is a member of the committee of ways and means. he's also co-author of "the pledge to america." our moderator will be national journal's managing editor kristin roberts. prior to joining na

we earlier heard john mccain saying he doesn't owe dime on that anything. i also caught up with alan schwartzked him his view on the current investment climate. >> you have to be cautious.uncertainty is so significant, we have to be cautious, but you don't want to get unduly pessimistic because a lot of the problems are at least out there on the surface where people can see them instead of lurking in the background. >> what is the biggest hurdle? >> i think the biggest activity or hurdle to deal flow is probably, well, i'm not sure. it depends on the industry. deals are like talking about the global this or that. whether deals happen or not is very specific to each industry. but i do think that the whole global uncertainty about the economy is affecting corporations and their willingness to spend. and i think that the fiscal uncertainty of the united states is certainly having an impact on capital spending and probably deal activity. >> are you disappointing there has been more activity given what otherwise would look like healthy corporate cash balances? >> i think you'll see with the streng