taro aso has urged secretary jack lew that he was relieved that the u.s. avoided default in october, but he did point out that the nation could face the same situation again next year if the conflict continues in congress. aso said he hopes the u.s. will consider the impact the default could have on the world economy and deal with the problem. lew is discussing how to boost regional growth and complete the transpacific partnership agreement talks early next year. he spoke during his visit to tokyo. >> first of all, let me ask you about your assessment of the u.s. economy. how resilient is the economy? >> i think the u.s. economy has shown its resilience over the last few years, and particularly in recent economic data. i think we're seeing a lot of signs in a lot of parts of the economy of strength, and, you know, we're going into the end of the year, beginning of next year, with great optimism that we see signs of increased growth on the horizon. the most recent data was quite encouraging and consistent with that. we've come through a long, difficult peri

jack lew says the s.e.c.uld and he still supports the strong dollar. >>> plus, a painting, the tri something or other, fetches $142.4 million. and it's not even sigmund freud. it's one of the biggest auctions in history. >>> and elan musk breaks his silence. the tell us tesla ceo says the automaker isn't recalling model s cars. it's wednesday, november 13th, 2013. 11- 13-13, which means nothing. "squawk box" begins right now. >> good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. the treasury department will release figures for september. speaking to cnbc asia earlier today, treasury secretary jack lew sounded optimistic. >> we obviously went through a period of economic difficulty. but what we learned is it did get to the 11th hour. but in the 11th hour, there was a broad bipartisan consensus in the united states to be where

, secretary lew continues to ignore all of my questions. the american people have the right to know, the american people have the right to know exactly what secretary lew knew and what he did. so i rise today to ask the american people, to join with me in demand -- and demand openness from this government, from this president and from lew. ary jack secretary lew, it is time to answer the questions of the american public. i yield back. the speaker pro tempore: the gentleman yields back. the chair recognizes the gentlewoman from texas, ms. jackson lee, for five minutes. ms. jackson lee: mr. speaker, today i rise to speak of messages and missions yet undone. this congress, both house and senate, was sent here on behalf of the american people to ensure that their voices and their needs are adhered to. they're not interested in the clanging of voices. they're interested in the rolling up of sleeves and making sure our government works, and so i stand here in reflection of a very successful enrollment day in houston, texas, last saturday where pe

treasury secretary jack lew spoke about the recent government shutdown and ceiling debate and why he believes president obama's option is the >> -- president obama's budget is the best option for the economy. here's a look. >> so what are we going to do on the debt issues that congress has successfully kicked the can down the road a few months. are you saying we're not going to have another experience like we had in october? >> i think if you look at the things republican leaders have said since october, it was clear this was not a good experience, either for the country or for them politically. i know the right answer. the right answer is they should extend the debt limit and have >> and not have any sense of crisis at all. i hope that will happen. they said february 7 is the date the debt limit will expire. we do have extraordinary measures about a month after that. they have some time. i hope when they resolve the budget when they start moving forward, they just do the debt limit in a businesslike way and kind of give some certainty to the u.s. and global economy. that would be th

jack lew was here earlier and said he thought the system crossed a threshold in october and realized it doesn't want to go back and do that again. are you confident it won't go back and do that again. by the way, oecd, organization of economic cooperation development, suggested that the u.s. get rid of the debt ceiling entirely. would you be in favor of that? >> i think that the way our system is set up is like a loaded gun. once people thought we can get leverage on policy disputes by threatening default, that was an extraordinarily dangerous precedent and that's a principle i had to adhere to but for the next president that you will not be able to threaten the entire u.s. or world economy simply because you disagree with me on a health care bill. i would reich to believe that the republicans recognize that was not a good strategy and we're probably better off with a system in which that threat is not there on a perpetual basis. i do not foresee what we saw in october being repeated in january but the broader point is one that i think all of us have to take to heart. we have to be a

i am delighted to introduce to you a first keynote speaker, treasury secretary jack lew.hand on thea steady tiller of our economic team. simply put, jack is the embodiment of the best of america. he hails from a middle-class family from queens, the son of an immigrant who married his high school sweetheart. with this foundation, jack has worked his entire career to help ensure that more americans reach their economic dreams. a great, affable manner, jack began his career as a legislative aide, rising to forme senior policy advisor former house speaker tip o'neill . eventually, he joined the clinton administration and rose to serve as director of the office of management and budget. he worked at nyu and then in the private sector for citigroup before returning to government with the obama administration. in 2012, he served as the white house chief of staff, and for the past eight months, our nation has been very fortunate to have him serving as treasury secretary. for me personally, when i first took this job as secretary of commerce, jack made me feel like such an integra

[applause] >> jack lew also spoke at the conference. his remarks are 25 minutes. [applause] >> good morning, secretary, thank you for joining us. you just got back from an interesting trip to asia. i want to come to the domestic story in a minute. you were actually in china. can you give us a sense of what you think how serious the reforms that were announced and whether this will represent a radical change in china's economic structure? >> whatever issue we were discussing, they knew what they needed to do. moving to market allocation of resources, moving to a market- determine exchange rate, opening markets. what i did not get a sense of the sequence. i suspect they are looking at several years of change. obviously, it makes a big difference what order they take things in. i think they know that they have to get more market signals in their economy in order to get the growth rates they need. obviously, the global economy needs them to do that as well. i definitely got the sense that they are serious about economic reforms. >> ceos from a lot of companies in the

stuart: so some breaking news from treasury secretary jack lew.street journal that the debt ceiling should be raised way in advance of the february deadline and also speaking of the vo called volcker rule that limit what a bank could trade in, lew says when in doubt regulators should e. rr on the side of more financial regulation. those comments made at a conference. the ipad air, ipad mini, you can bet they will sell well this holiday season. which is the smart buy? our tech geek tells us after the break. ♪ you tell me that it's evolution♪ ♪ well, you know, we all want to change the world♪ ♪ when you talk about destruction♪ ♪ don't you know that you can count me out♪ clients are always learning more to make their money do more. (ann) to help me plan my next move, i take scottrade's free, in-branch seminars... plus, their live webinars. i use daily market commentary to improve my strategy. and my local scottrade office guides my learning every step of the way. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (an

discusses business investment -- coming up on c-span, treasury secretary lew.nd business investment in the u.s. span, talks about promoting it peaceful use of nuclear power. you can watch a live beginning at 11:30 a.m. eastern. >> this is a tough time for nsa. everybody says, what are you doing? why are you doing it? we say, it together is much more important for this country that we defend this nation and take the beatings and it is to give up a program that would result in this nation being attacked. we would rather be here in front of you today and telling you why we defended these programs then having give them up and having nations attacked and people killed. >> intelligence officials defend a houseprogram at hearing. saturday at 10 a.m. eastern. span 2, your calls and comments for a best-selling kelley.kitty that is at noon on book tv "in depth." and remembering john f. kennedy. hisevents surrounding assassination. sunday at 3 p.m. eastern. >> what is the most important issue congress should consider in 2014? that is a question for middle and high school

resolution that has helped us tremendously in any number of ways so with that, i'd like to recognize hong lew from the video shop and he has some of his colleagues here with him today. he does a nice job and video is very important to us, but hong, please. >> good afternoon. first of all, thank you very much for this special award. we have done -- the work that we've done in all those years wasn't just done by myself. even though i was listed on many of the projects, without the team work and support and cooperation of the others, i wouldn't have made it happen. thank you very much for the generous thought. >> on behalf of the board of directors and the people of san francisco, thank you for your outstanding work and thank you to your colleagues for being here today. >> thank you. between the four honorees today, we probably have more than a century of public have advice both with the mta and other agencies and all four cases, people were working behind the scenes whether dealing with a collision data or various administrative task from agencies or the mechanics that work on things that the p

. >> up next treasury secretary jack lew at last week's white house summit on business investment. he called on congress to pass the immigration bill, reform the tax code, and replace across-the-board spending cuts none of sequestration. introduced by commerce secretary this is a half-hour. >> the first-ever select u.s.a. senate meeting. as you may have heard, we are sold out with 1200 attendees. business leaders from 58 countries and across the united states are here today. a warm welcome to all of you from all of us in the obama administration. let me be clear -- [applause] let me be clear, this summit is about you. it is all about business. it is all about connecting investors with communities. let me start with the story. when the select usa program was just starting out, an austrian company that makes auto parts was considering investing more in the united states. we went into action. the commerce department's vienna staff counsel the company on how to successfully established a new plan in the united states. the u.s. ambassador in austria met with the company's leaders. we co

. >> can you see all of treasury secretary's jack lew's remarks at c-span.org. we're live again waiting to hear from ben bernanke. speaking before the national economist's club in washington. the associated press has a bit of a preview of ben bernanke's speech. bernanke says the great recession made it essential for the economy to become transparent so it could explain why record low interest rates were needed to support the economy. in that story, he goes on to say the recession meant the fed's communications had to evolve in ways he didn't envision when he became chairman in 2006. so we'll hear from federal reserve chairman ben bernanke momentarily. the room has filled up. more about the health care law. >> joining us now is tom daschle former senate democratic leader from 1995 to 2005 and represented the state of south dakota. welcome. >> thank you. >> talk about what you brought to the table as far as the affordable care act. >> i had an advisory role. talked to my former colleagues and members of the administration, given my views. i had written a book call

jack lew said unless republicans embrace an overall of the nation's tax code and agree to increase revenues, a comprehensive multi year fiscal deal is not likely. >>> there wasn't a lot of agreement today at another house hearing on the botched rollout of the healthcare.gov website. several testified about security flaws in the online marketplace but henry chow assured lawmakers the site was secure and mostly complete but the team hadn't finished the payment system for consumers to buy insurance. >> 30% of the systems are left to be developed, not 70% and that 30% represents the payment aspect and acounting aspects of making payments in the marketplace for all marketplaces, not just facilitated marketplaces and that functionality has to be in place for the january 1st effective date enrollment. >> in other words, no one has to pay for new insurance policies bought on the website until coverage actually begins on the first day of the year. >>> from health care wows to a healthy housing market, as you mentioned earlier in the program, big gains on home sales and remodelling helped sales and p

lew wolff says he is confident the two sides will agree on a short-term extension. >>> stay with us.other neighbor is going to sleep better tonight because they went to sleep train's ticket to tempur-pedic event. choose from a huge selection of tempur-pedic models including the new tempur-choice with head-to-toe customization. plus, get 36 months interest-free financing, two free pillows and free same-day delivery. are you next? announcer: but don't wait. sleep train's ticket to tempur-pedic is ending soon. ♪ your ticket to a better night's sleep ♪ >>> good morning. marin county commuters may find delays southbound 101 past the waldo tunnel. there was a school bus fire. the fire is now out. chp test us no injuries. but there may be some delays this morning heading towards the golden gate bridge. otherwise, here's a live look at the bay bridge toll plaza. it is stacked up east of the maze this morning and that eastshore freeway commute has been a bear since an early- morning crash on westbound 80 in richmond. here's a live look at the nimitz in oakland. westbound -- northbound 880 is

japan's finance minister tell us so as to urge u s treasury secretary jack lew to prevent the recurrence of fiscal problems. so to lose that he was relieved that the us avoid a default in october but he pointed out that the nation could face the same situation again next year. if the conflict continues in congress also said he hopes the us would consider the impact of the default code or if you consider the impact of the fall could have on the global economy and deal with the problem properly secretary lewis traveling through an asian nations this week he's discussing with his counterparts how they can boost regional growth and achieve the us goal of completing the trans pacific partnership agreement talks by the end of the year. he spoke to the nhk world trade coast cried during his visit to tokyo. already asked you that your sunscreen at the us economy how resilient is economy. and india's economy has shown its resilience over the last few years and particularly in recent economic data. i think that we're seeing a lot signs of a lot of parts of the economy is strength. and you re going

demand phenomenon getting a programming you want when you wanted that speaks to a younger generation lewdown to a set schedule that is the wind at the back. what do you think? >> i agree. there have been 700,000 cable subscribers cutting the cord but look at time warner they don't have any mobile offerings just existing subscribers. they need to get on the ball to creates a cool application i am talking software to watch the shows that they want. we are cutting the accorded were changing the way we watch television. netflix may be overbought but at the same time time warner if they can get with it. they still have border brothers who makes content coul a by. don't count them out. neil: seven company's portfolio of benefiting from this of the apocalypse up the more they into larger percent since the debut of zero who walking dead. all of these companies. are they expecting the zombies to take over or are they just mad? >> i'd think there is the majors on the craze did you notice that how levine? but i don't think this is the stock's like smith -- smith and wesson i think natural disasters

jacob lew. a forum reviews about the cheap mins after joining a packed

paper towel they would deduct $100 from my account and added to your account but bit coin allows us to lewbetween us. these are central points of control that we may want to ngage in a transaction that is prohibited or frowned upon or that we want privacy john: the government could still find out about it. >> ultimately they could punish but they cannot stop the act from taking place. >> but it is something shipped in the mail they could follow the mail. there is a web site where people buy illegathings like drugs called silk road. >> it is a dark website protected -- protected by encryption running over two years it is estimated the $20 million in sales per year you can buy just about anything using bit coin. >> they will not sell guns that harms anybody or child pornography or anything of that nature. john: we agreed drugs only harm the users out of personal choice but my wife says this is not a good one reason we have given to protect people from this kind of stuff. >> great. law enforcement is looking at going after these companies and probably will be successful because bit coin is no

treasury secretary jack lew recently said that if too big to fail is still a problem at the end of the year, it might be time to consider other options. anyone counted how close we're getting to the end of the year? [laughter] now, i applaud secretary lew for laying out a timeline, and i'd like to see the other administration officials and regulators follow suit. if dodd-frank gives regulators the tool to end too big to fail, great. end too big to fail. but if the regulators won't end too big to fail, then congress must act to protect our economy and prevent future crises. we should not accept the financial system that allows biggest banks to emerge from a crisis in record-setting shape while working americans continue to struggle. and we should not accept a regulatory system that is so besieged by lobbyists for the big banks that it takes years to deliver rules, and then the rules that are delivered are often watered down and ineffective. what we need is a system that puts an end to the boom and bust cycle, a system that recognizes we don't grow this country from the financial sector,

katie lew ellyn knows just how important these tips are she had to learn the hard way >> cannot leave your valuables exposed in your car if you have these please take them with you or keep them locked in your truck truck. trunk. >> reporter:katie knows its always good to be reminded about how to keep things safe, even if it is as simple as locking your valuables in the trunk, and she says she will be keeping a very close eye out. >> reporter:gascon also taking about internet scams as well, he said on-line shoppers should always know the website they are buying from, and if they don't to do research before buying from the site, and always use a credit card on -line as opposed to a debit card >> pam: happening now. severe weather hitting >> pam: sections of the united states. already more than a dozen people are dead. the potential to make lots of travelers miserable. wrecking thanksgiving plans. >> pam: if you count both air travel and road travel. some estimates say, as many as a third of americans are being affected by the mess. >> pam: catherine heenan reports. >> catherine: it's a

i don't know if you had jack lew here or not -- >> we did. >> he was able to do more extraordinary measures. that could be into the summer as late or spring but i do not believe we will have -- >> the debt limit -- >> that's going to go on later. these are disjointed events. i do not believe that you'll have the kind of theatrics surrounding that as well. >> why do you think that it will be different this time within your own conference because the speaker didn't want the crisis that happened the last time. i think and correct me if i'm wrong, i don't think you did. >> that's correct. >> but yet you couldn't control your own members. how can you prevent that from happening again? >> obama care is here now. so you know the reason this happened from our perspective was -- now people understand why we fight obama care so much i guess. you have to understand the mindset of a house republican going into this. we were doing all of these oversight hearings, getting all of this testimony, seeing that this program was not ready for prime time and seeing the damage that was going to come to the peopl

. >> gee lew joins us now to break down the numbers. julia? >> that's right. revenue is down 3%. adjusted earnings fell to half of where they were last year, three cents per share. the main message seems to be that revenue faces challenges but they are getting their costs under control. he is very confident that the new news which recently spun off from the rest of fox's entertainments assets has advantages. he did acknowledge head winds but the bot to tot line is this company is challenged. circulation revenue down 6%. not small stuff. back over to you. >> thank you very much. guy, what's the trade? >> stay away from it. there will be people dieing to buy it on the dip. it comes on the heels of dpiz knee. that was one of the first glitchy quarters. news corps probably trades down in the lower 16. >> some good news and bad news. the guy whose model s caught on fire last week says he would not hesitate to buy another one but george clooney disses his tesla. i was one of the first cats with a tesla and i said to them, look guys, why am i always stuck on the side of the [ bleep ] ro

. >>> jack lew has been visiting the land of on abe-nomics today. while he applauded japan's efforts, he sought reassurance that the end wouldn't be kept artificially low. on the on flip side, japan's wanted assurances that the u.s. would work out default issues. >>> on to a different subject, sotheby's is said to hold its finest and rarest wine auction on thursday with highlights including wine from the 18th and 19th centuries. it's timed to celebrate the 250e anniversary featuring grand vintage champagnes spanning nearly a century. >>> and earlier, we asked what would you pay to get your hands on a single bottle of 1865 chateaud'yquem? it can be yours for around 3,200 to 3,600 pounds. joining us for more, director and worldwide head of wine at sotheby's, serena. thank you for joining us. i'm a bit worried that you only have to peel off the wrapper and you've blown the money. >> you could droipt, of course, which i advice against it. the best thing is to drink it. >> really? >> yes, it is. >> why not keep it? won't it go up in value? >> wine is a l

lew, on the other hand, pressed abe to deliver on the final aerial of abe-nomics. back to you. >> thanks for that. have a nice weekend there in tokyo. and a reminder of what's on the agenda in asia on monday, cautious consumer spending may dampen chithailand's third quar gdp. in china, the house price index will be released. and gome reports third quarter earnings from hong kong. meanwhile, still to come now, could acoustics be the key to cutting gun crime? in the last of our innovative cities week of reports, find out how one company is using technology to pinpoint the location of gunfire and alert police forces all in realtime. i'm only in my 60's... i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. l

they were -- he was targeted before i was born and then i went to law school i started to look into lew the law and wanted to practice working on a class-action peace that was my first real exposure to the criminal-justice system and i saw a lot of parallels pacific cisco is less than 5% of the population by yet of majority of clients were black and ran the gamut with those with serious offenses working on behalf of clients at every stage of felony i was inspired to do this kind of work and spent time at a clinic in moscow as a defender clinic and almost every single one of the clients was is african american with the most petty offenses you could kick a soccer ball at a police officer and snowballs being thrown kids being charged with assault with a dangerous weapon there are things that stuck out kids that put the egg get into fights at school, and the police were called. so to see the way the criminal justice system unfairly targets people of color and poor people inspired me. >> host: there were several takeaways that in essence one of the civil rights problem that we have is that i

. >>> after the monica lew -- it was called the starr report and it was filled by many lurid details.erhaps unnecessary lurid details. but it was all there in black and white and it was for sale. and we did buy it by gazillions. the starr report -- caused a huge spike in the book of poetry by walt whitman. president clinton had given his young mess tres a copy of leaves of grass. and apparently after reading that in the starr report, everybody rushes out to check out the whit map. but the star report was that popular. and the weird thing, surprisingly, even government reports that are not about sex turn out to be best sellers more often than you might think. the 9/11 commission report about why we were not prepared for that attack. the 9/11 report, the nationwide best seller, just like with the starr report, you can go online and read the entire report for free, since it's a government document, but people wanted to buy it in paper back anyway because they wanted to have it on the shelf. so the starr report a huge smashing success. the 9/11 report, also a very big best seller. but you

[applause] >> also from the council, secretary jack lew. he spoke for about 25 minutes.applause] >> good morning, secretary, thank you for joining us. you just got back from an interesting trip to asia. i want to come to the domestic story in a minute. you were actually in china. can you give us a sense of what you think how serious the reforms that were announced and whether this will represent a radical change in china's economic structure? >> whatever issue we were discussing, they knew what they needed to do. moving to market allocation of resources, moving to a market- determine exchange rate, opening markets. what i did not get a sense of the sequence. i suspect they are looking at several years of change. obviously, it makes a big difference what order they take things in. i think they know that they have to get more market signals in their economy in order to get the growth rates they need. obviously, the global economy needs them to do that as well. i definitely got the sense that they are serious about economic reforms. >> ceo's from a lot of companies in the w

m here with my man damian lew.ners. playing on my team is one of my favorite performers. he is a genius, soe are going to win this game. please welcome mr. sve coogan! [ cheers and applause ] ♪ >> thank you. >> jimmy: steve d i are one team and damia you are going to be very happy with your partner as well. please welcome a best lling musical artist and multie grammyward winner. as well as the expert charades player miss sheryl ow! [ cheers and applause ] ♪ >> hi. i'm nervous about this. >> jimmy: you should be rvous out this. yeah. what's going on? >> you can't get that r you? >> jimmy: all right. so now -- [ light lahter ] you can't gethat for him. >> i love him. >> jimmy: it that mustache. he's crazy. all right. everyone knows how to play charades, yes? l right, here we go. so each player gets turn givingilent clues to their teammate 45 secon on the clock per turn. first two rounds are worth one point each. damian, because you are the one wearing the musthe for vember you get to goirst. [ light lauger ] so we'll

lou, thank you -- lew, thank you for your excellent remarks. thank you to both of them for their leadership. it has been outstanding for the subject matter we have before us these next few days. their insights as it applies to the business community are very valuable to all of us that are joining us today. we are off to a great start to what promises to be a gay -- great conference and agenda. thank you to all who has come great distances to be with us today. i am very pleased to announce our first panel that is entitled usa?hy select the perspectives on operating in the united states." this'll be a very informative and invaluable discussion. it is also my pleasure to introduce that moderator of this panel, an important member of president obama's white house team, valerie jarrett. a senior adviser to the president and a longtime confidant of the president. she oversees the office of andgement and affairs chairs the white house council on women and girls. she was the chief executive officer of the habitat company. baldry has held positions in b

we heard from new jersey governor chris christie and general martin dempsey and jack lew and larry summers with his approval numbers lower than ever. overall job approval rating is down 13% points this year, 42%, that is tieing his all time low in this poll. one driving force behind the decline is of course obama care. 63% disapprove of how he handled the rollout and 57% oppose the entire law. that is up 8 points in just four weeks. but more people enrolling on healthcare.gov. october's numbers are already doubled this month but they are still far off their goal of 3 million enrolled by the end of year. a political writer says democrats can't -- obama care bears the president's name but it's a democratic party creation full stop. if democrats help republicans obliterate it it will be an enormous admission of governing incompetence. if i'm accurately representing your argument, you're basically saying democrats are stuck with obama care, they may as well embrace it

he says "is it jack lew?" yes, it is. dean young cannot get there. he s i is it tim geithner now? no, it is not. asks who's your political hero, bradley britain says winston churchill. pretty out there. that's a foreigner, as you know. dean young, for his part, says judge roy moore. that's the guy who got thrown off the court for putting up the ten commandments in the courtroom. yee-haw! next question, who is the republican whip in the house of representatives? which, of course, is the institution that these guys are running to join. mr. byrne says the republican whip is kevin mccarthy, which is true. dean young says, "i don't know. eric cantor? is that who it is?" no, that is not who it is. this was a real hard one. do you think gay people can feel the same love for one another as straight people? bradley byrne says yes. dean young says, "when you start talking about that, i don't even know. homosexuality is wrong and that's just the way it is. always has been, always will be." they saved the stumper for last. where was president barack obama born? mr. byrne says he was born in h

the a's said late today, quote, according to managing partner lew wolff we plan to extend our lease in oakland. if the a's and coliseum officials cannot reach a short-term lease agreement the league office would step in. the idea, have the a's play at at&t poark while they determine the next move. it's the length of the lease in oakland and how much money the team makes from concessions. >>> still to come here at 6:00, lady gaga tickets, free flights. new accusations revealing serious national security safety breaches within the navy. >>> plus -- >> i'm marianne favro. will voters in sunnyvale embrace new gun legislation or shoot it down? find out why the nation is watching. >>> the mystery unfolding in the sea. the widespread star fish deaths and the fear that it could spread to more sea life along the west coast. stay with us. >>> nationally, it's a hot topic. and tomorrow it will play out locally. sunnyvale voters deciding on gun control legislation. it's a decision the nation will be watching. nbc bay area's marianne favro joins us in sunnyvale this evening to explain the details.

jack lew was able to delete -- do what we call more measures that could be late spring. you will haveve the kind of theatrics surrounding that as well. >> why do you think it will be within youris time own conference? the speaker didn't want the crisis that happened the last time. correct me if i am wrong. i do not think that you did. yet you could not control your own members. how can you prevent that from happening again? >> that is correct. now.care is here the reason it happened, from our perspective, is now people understand why we fight obamacare so much. we were doing all of these oversight hearings seeing this program was not ready for prime time and the damage that would come to the people we represent. we wanted to do everything we could to stop it. many didn't think it was the way to stop it. it is clear that the shutdown does not stop obamacare. the government did shut down. it did not stop obama care. i do not think that will be repeated. that is in the past. it is clear that that will not stop obamacare. the thing that we feared what -- what happened are no

you've heard from president obama, secretary pritzker, secretary lew and many others at the summit about a lot of the success stories, indian manufacturers expanding plant in upstate new york, singapore companies extend their supply chain to the heart of texas. german multinationals creating jobs in small town kentucky. canadian pharmaceutical subsidiaries investing in suburban ohio, and south african energy firms investing in southwest louisiana. that's not in the future. that's now. that's the present. so there's no question that the united states is lucky to be able to offer the world's best investment climate today. and i say lucky. we are blessed to have it, and we do try to work at it. president obama has made it clear, we are going to work at it even harder. no investment is about the past. it's about the future. so we're going to refuse to sit still. the world as we all know is getting more competitive, but so are we. capital chases confidence. and i'm confident that we're going to continue to get stronger and be more effective. select usa is a big reason why. you have heard yest

treasury secretary jack lew spoke at "the wall street journal" event as well he said he's optimistic that the u.s. economy will be stronger in the coming year he also called on congress to extend the debt limit well before the february eadline. >> good morning. mr. speaker, thank you for joining us. >> good to be here. >> you just got back from an interesting trip to asia. we've been talking about asia, i want to come to the domestic story in a minute, but you were in china. plan ended, can you give us a sense of these reforms, what's going to happen and if it's going to represent a radical change in china's economic structures? >> i have the sense that they're serious about economic reform. they, you know, whatever issue we were discussing, they understood what they needed to do moving toward market allocation of resources, moving toward a market determined exchange rate, opening marks. what i didn't get a good sense of is the sequence or pace or change. and i suspect that they're looking at several years of change and obviously it makes a big difference what order they take things

jack lew was able to delete called more extraordinary measures rated that could be into the summer. --o not believe -- doing these are disjointed event. i do not believe he will have the theatrics surrounding that. >> why do you think that it will be different this time, within your conference? the speaker didn't want the crisis that happened the last time. correct me if i am wrong. i do not think that you did. >> that is correct. >> but you cannot control your members. how can you prevent that from happening again? >> obamacare is here now. happenedeason this from our perspective was now people understand why we fight obamacare. yet understand the minds of the house republicans going into this. we were doing hearings getting this testimony, saying that this program was not ready for prime time commenting the damage that was going to come to the people we represent. we wanted to do everything we could to stop it. many didn't think it was the way to stop it. it is clear that the shutdown does not stop obamacare. the government did shut down. he did not stop obamacare. that is in the

secretary lew was sitting next to me all time. his desk was right next to mine. he was in his 20.he'd been to yale law or whatever. quickly he was a genius i guess. anyway, it looks exactly the same by the way. look at them in the book. so i think we are at a situation where we better be grown-ups. my theory is will hear from somebody like probably paul ryan. he's beginning to talk. i think will not hear an idea from obama. i don't think will get an idea from boehner. they are too much like this. i think we need like reagan and tip were. i think we will hear the same we did back in some else whether it's jim baker or alan greenspan are probably one of the chairs of the finest meet with ways and means committee. the other people who really know where the deals are. they are the ones who know the long history of the fights over entitlement reform and corporate tax levels, a reformed or possibly. all the rich areas the president has been alluding to. republicans say they want. they want lower corporate taxes so they can compete better and the president said he was thinking about that

but we said, we will extend that for three more months to keep them on board, and we asked secretary lew and sebelius to give us a change which they are reluctant to do. in many of our counties, we actually have were qualified health plans outside of the exchange that we do in the exchange. we asked them to consider if somebody qualifies that they authorize a use the subsidy that -- whether they purchased it under the exchange or outside the change. the idea that would free up some of the volume that would have to go to the exchange and make it easier. it is the law. it gives us the option of doing that. we have said since day one, the difference is we assume that if there was a delay, it would be an intentional delay where the administration and the congress would say, it is not ready yet you would need to push back. we are not there legally. it's just practically not working. >> i wanted to ask a question about something you talked about, negotiations with iran. also the forces agreement in afghanistan. you said focused on 2014, but looking to 2016, foreign policy andriences you have h

he says "is it jack lew?" yes, it is. dean young cannot get there. he says, it was paulson. is it tim geithner now? no, it is not. asks who's your political hero, bradley britain says winston churchill. pretty out there. that's a foreigner, as you know. dean young, for his part, says judge roy moore. that's the guy who got thrown off the court for putting up the ten commandments in the courtroom. yee-haw! next question, who is the republican whip in the house of representatives? which, of course, is the institution that these guys are running to join. mr. byrne says the republican whip is kevin mccarthy, which is true. dean young says, "i don't know. eric cantor? is that who it is?" no, that is not who it is. this was a real hard one. do you think gay people can feel the same love for one another as straight people? bradley byrne says yes. dean young says, "when you start talking about that, i don't even know. homosexuality is wrong and that's just the way it is. always has been, always will be." they saved the stumper for last. where was president barack obama born? mr. byr