chapter that was published today about household debt and remind the journalist to "the wheel" and kathleen martin from "business world" asking about the philippines. what is the expected trend for emerging markets, specifically to philippines with regards to fiscal policy. a balances need of 10.2% of gdp traveling. what should be the country with respect to fiscal policy? >> i'm pretty familiar with the philippine situation, but many emerging markets i think like the philippines have relatively high debt levels. that they still have to redice to face -- to come to a more sustainable situation over the medium terms. when this high level of debts are combined with large deficit or widening deficits, then it certainly restricts their capacity to react in the short term and to react to changes in the global economy that may affect them adversary. so it's particularly important for them to define a medium term strategy to put their public finance back on a sustainable foot. that's particularly urgent for many emerging economy, because of the demographics prospect that will certainly increase the avera

kathleen madigan's fault. >> you lived on cigarettes and doughnuts. >> all right. one more love one from martin., your show is in order of magnitude better than any show on tv. >> wow. >> i'm not sure that is proper grammar, and i don't think magnitude is spelled correctly. but it's the thought that counts. the chemistry between you and your staff is remarkable. >> they hate me. >> no! no! not stephanie! >> yeah, they hate me with the heat of a thousand white hot suns. >> and i am not one of your fans! >> and yet you still pass. even though we disbased you on a daily basis. >> and my pronounce-ation. >> uh-huh. >> all right. lots of news to get to. i got to say, troubling racial news. i think there is a trouble of racial news today. it's not just -- i couldn't believe this poll. it shows a big ray shall dive with on the trayvon martin case. this should be troubling to everybody. the gal on the usa poll only 33% of white team said george zimmerman should have been arrested. 51% of black people said he is definitely guilty. compared to only 10% of whites. >> wow. he shot him. >> yeah. >> they know

kathleen sebelius as well as hilda solis. we have been joined by the education secretary arne duncan. we were joined on wednesday by the family of trayvon martin as the news was broken. >> good morning. thank you. i would ask that as they come, they come in quietly. many of you around the country, we thank you for your meetings. we wanted to start on time. we're very happy that all of us have the time from the schedule. let me introduce the panel as they are seated. of what is to be clear. i am a firm moderator. i am not going to let you go from the subjects. this is a very serious subject for all of us. that is how we deal with the issue of race during this year where we deal with the issues but not in a way that would polarize the country in an eerie parable way. we do not want to explain it to the point where there is a disrepair in the country that we all have to live with. i want to see many of you particularly our southwest d.c. people involved in the early days of the trayvon movement. and into the kind of polarizing issue. we still have the first big rally. there is the national review. they came out with an article same sharpton is ri