and lawrence summers, charles w. eliot professor at harvard university, former secretary of treasury and former assistant to the president's for economic affairs. the moderator is the economics editor of the economist. i said i would not comment on the participants resonate -- resumes, but i would like to make a few comments. they are friends with whom i have had the opportunity to discuss economics with for many years and decades. both are excellent listeners, a challenging. but they are also exit -- excellent listeners to process what they year and are open to changing their minds and give you recent conclusion of with strong grounding. they are exceedingly well suited to the reason discussion tax reform needs so badly but seldom gets. i have had the privilege to be on panels with power and size of a moderator, she frequently knows more about the subject at hand than the people discussing them. when i am on hand, she certainly knows more. the second round table is key principles for a successful reform effort. the

. >> former treasury secretary lawrence summers has been raising concerns about sovereign wealth fundsd him about mr. gao's surprise pledge. >> i think there's a question as a degree of specificity. but in a way, their willingness to be interviewed and go on your show is probably not something they would do if they thought of themselves as having some nefarious purpose. >> well, they certainly want to be reassuring. >> and i think that is something we should encourage. but, you know, as ronald reagan said, 'trust, but verify.' i think this is an issue that our government does need to pay close attention to. >> summers is pushing for an official code of conduct for sovereign wealth funds. the international monetary fund is working on writing some rules, but nr. gao thinks that's unnecessary. >> why do you need a law like that? that law will only hurt feelings. it's not economic. it doesn't make sense. politically, it's stupid. >> stupid and unfair, he says, since american hedge funds and private equity firms don't have such a code. >> if you make it some kind of, you know, someone singl

first, on c-span 2, former treasury secretary robert rubin and lawrence summers joined other fiscal scholars this morning to discuss the u.s. tax policy and the national debt if. live at 9:30 eastern on c-span 2. then later this afternoon, the congressional commission on china will get an update on china's dissident chen guangcheng and hear about human rights abuses in china. that is live on c-span 2 at 2:00 eastern. >> bin laden was a strategically irrelevant communicator with various and disparate outfits. i have to confess i worked on the problem of iraq and we knew bin laden personally was involved in communications, trying to bring under his control al-zawahiri. we knew that he was making out reached in somalia and involved in all these types of things working through individuals. as a consequence, bin laden was relevant. >> counter-terrorism and national security, how they changed in the year since the death of bin laden. analysts and intelligence community members weigh in on it. see what they have to say online at the c-span library, all archived. >> up next on c-span, your calls, e-

you are not lawrence summers? i'm sorry. welcome to the first panel. tax reform has been on the agenda in washington pretty much for as long as i've been following u.s. economic policy which i hate to say is getting on to two decades. the complexity of the u.s. tax code distortions have again and again brought debates over the past decades of flat tax, wholesale reforms, and the stones are from 196 tax reform but even if that happened the tax code got more obligated as politicians have added more pages and deductions to. seems though that debate is taking place in the homely context in the context of a weak economy, widening inequality and an immediate call to action with the expiration of the bush tax cuts at the end of year. the year. not only tax reform is on the agenda but in a way that may result in action that hasn't been the case in the past. this conversation about what kind of tax reform we should be doing has an importance and urgency that can't be exaggerated which is why this discussion is important and we have two extraordinarily well-plac

former treasury secretary lawrence summers and chief economic advisor to president reagan martin feldstein discuss ideas for tax reform. the two harvard university professors debate the capital gains tax and tax code. it is about an hour and 20 minutes. [captions copyright national cable satellite corp. 2012] [captioning performed by national captioning institute] >> the project began about six years ago and it brought together a truly destictive group of policy experts, academics and practitioners. in that context, we don't endorse specific ideas but we do organize serious discussions around issues that are critical to our economy. and in that respect, we have events like we have today with academic and policy experts and practitioners. when we have papers, those papers are subject to rigorous peer review. we believe that the objectives of economic policy should be growth and competitiveness, broad based expansion of living standards and opportunities and economic security. and we also believe that they can be mutually reinforcing. we support market-based economics but we believe equally

and lawrence summers, charles w. eliot university professor at harvard university, former president of harvard university, former secretary of the treasury, and former assistant to the president for economic affairs. the moderator will be zanny minton beddoes, economics editor of the economist. i said i wouldn't comment on the resumes and i won't would make a few observations. marty feldstein and larry summers are friends with whom i've had the opportunity to discuss economic issues. in marty's case for many years. and larry's case, for decades. both are excellent listeners, though challenging, to -- they are challenging but they also are excellent listeners, who process what they hear, are open to changing their minds, and then give you reasoned conclusions with a strong grounding. so in addition to their preeminence, they are exceedingly well-suited to the reason discussion of tax reform needs so badly but so seldom gets. i've also had the privilege with being on panels with zanny, and she is not only a decisive mo

. >> it is 6:06 a.m., we should get a check on the weather with lawrence o'connell who actually did just in the studio and went out summer. where did he go? i think that we know. >> where did i go? at&t park. a big bay bridge series between the a's and giants. and the weather will work out great. starting out very nice in the bay area today. mostly clear skies. a hint of fog along the media goes on. otherwise we're looking good. high pressure building in for the weekend. that will crack tablatures up in the bay area and today we warm up into the '70s and '80s. 50s and 60s along the coastline. we will have more on your bay bridge series and the rest of your weather coming up a little bit but right now let's check on traffic. >> mobile 5 is keeping track of traffic. they just passed the ferry terminal. heading to the richmond/sandra fell bridge, to give us a look at the morning commute. and so for traffic for marin county is looking good. a lot of areas of overnight fog into sausalito. and the bay bridge is light. no metering lights turned on yet. an easy commute into san fransisco. now to the maps. following some problems

lawrence. up next, "hardball" with chris matthews. >>> evil destruction. let's play "hardball." >>> good evening and welcome. i'm chris matthews in washington. sabotage, they did it last summer exploding the country's credit rating. here they come again for an election year replay. if you want to kill the recovery you get to kill obama's chances. it's another example of how the republicans have become a protest party with no interest in governing our country. look who is hiding from the president these days, mitt romney. his staff stopped reporters from asking him any questions today. what is he afraid of? plus the defense rests in the john edward's case and never calls him or his girlfriend to the stand. a lot of people think the prosecution never made it's case on the law. how about that 11th hoir outside money changing a senate election out in nebraska and pushing a candidate backed by sarah palin way over the top in the last minute. is that more dirty angry money? finally let me finish with strange thoughts about a strange election getting under way. this will be a strange one. we know obama, but who is this other guy. we begin with a sequel to last year's debt show down