we just talked to mark warner of virginia. as the senate begins the amendment process on the financial regulation bill. how challenging is this for the leaders both the committee leaders and the party leaders in the senate to put together a framework for this debate? >> i think it's a real challenge, because unlike a lot of bills that go through the legislature, this encompasses so many elements across the financial spectrum. that will affect not just wall street but potentially small businesses, community banks, and so i think while there is wide agreement on the goals, you know, as senator warner spoke, there's a lot of disagreement on exactly how to get there and how to strike the right balance. >> like houmt amendments can be offered is going to be critical to the process? >> absolutely. and we don't know the answer to that question. and the more amounts offered and the less structure for debate, the more difficult it could be to see how this is all going to come together. and i think one of the things

then on news makers, senator mark warner on the financial regulations bill.ater, another look at last night's white house correspondents' dinner. .

recently his friend started a campaign and worked with senator mark warner and he was able to finally get if vet the recognition he deserved. >> it's incredible. something i didn't expect for 19 years. it happened that my best friend what above and beyond what most guys would do in the military to make this happennd it feels great. >> he was brought to tears during today's ceremony but he added that he didn't join the army to get awards. >>> still to come tonight, what was so important that a woman sped down the highway at 100 miles an hour? she'll tell us after this and we're also starting to see some showers on this saturday night. we might be seeing showers for the next day or so. >>> a 72-year-old south carolina woman spent 12 hours in jail this week for speeding. sandra powell was not just going 10 miles over the limit. the dash cam shows her passing an officer going 100 miles an hour in a 45 mile-an-hour zone. her excuse for going so fast, this caught the officer offguard. >> i'm on my way to -- i went in the wrong detection and now i'm running late. >> you know you just about c

pennsylvania's bob casey, montana's max baucus, and virginia's mark warner.is now set for june 28th. meanwhile, the national archives is rushing to clear over 160,000 pages of documents from her work in the clinton white house. >>> now to the new chemical concerns in the gulf. they involve the dispersant that bp has been using to break up oil slicks. the epa says it's too dangerous to use and must be discontinued. 700,000 gallons of it have been used so far. bp says it's used the chemical because it's been the only kind that's been available in large supplies. >> any living organism that contacts this stuff, particularly the mixture of dispersant and oil, has a significant risk of acute mortality, that's dying quickly. or sublethal chronic injury that might take weeks if not months if not years to manifest. >> i don't think that they have been honest with the american people. i don't think that they are operating in a way that is in the best interests of our country. >> bp has bowed to congressional pressure and set up a live video feed of the spewing oil pip

and i particularly want to thank mark warner of virginia and i want to thank bob corker of tennessee as well. they spent a lot of time on this issue literally going back months ago on it and we wouldn't be in the position we're in today were it not for their labors and efforts. and i notice my colleague from virginia is on the floor and at some point i gather he's going to want to say a few words. i know my colleague from arc, amounts to be heard as well. but i just want to again thank senator shelby and thank our staffs as well for their effor efforts. i thank senator boxer too, because she'll have an amendment up which also strengthens the point on this issue of too-big-to-fail and taxpayers. but thank you. we've got more work to do. i know that. but this is a good beginning of a piece of legislation. so, mr. president, i thank -- i thank aga senator shelby. i yield the floor. mrs. lincoln: mr. president? the presiding officer: the senator from arkansas is recognized. mrs. lincoln: thank you, mr. president. i first rise today to speak in support of the boxer amendment. it is no tax

senator mark warner, democrat of virginia, former governor of virginia.e past they have allowed citizens and other people, just people who want to see the red carpet coming into this hallway. now they are not allowing them in. it is only the media that is allowed in. there is terrance howard, actor. michael douglas. alec baldwin, george stephanopoulos. he is a guest of "time," even though he works for nbc. majority leader steny hoyer is there in the background. [unintelligible] there is joy behar of "the view ." bill mahar is with her. it looks like the jonas brothers are there being interviewed by somebody. there is done attila -- donatella versace. she is wearing the resulting versace. there is clinton -- quinton aaron from "the blind side." he is a guest of cnn. there is kristen davis, "sex and the city." there is mayor bloomberg. they have been going to pre- receptions, sponsored by a lot of media organizations. the bloomberg party is actually the after party to go to. now, live in the washington hilton ballroom. there is president obama. he is in bet

i spent a lot of time on that title myself, working with mark warner. i appreciate greatly the partnership that we had working on a resolution title. i thank senator shelby and senator dodd for the work that they did to try to improve that title. and we held out on this side until that occurred. now we have a vote, the sessions vote, that would strike that. mr. president, i want to say i'm at the point in this bill where i'm under no illusion that this bill is going to get any better. i know there's a lot of messaging amendments that will begin to take place. many of us will have the opportunity through our votes to express how we may feel about certain aspects of this bill. mr. president, when senator warner and i were working on a resolution, it was with the intent that bankruptcy be the default. that would be the place where almost every financial institution would go, and that may be that rare instance -- that rare instance -- was necessary due to some systemic risk. it was our hope that the judiciary committee would actually develop a title that wo

tomorrow on "newsmakers," senator mark warner. that is at 10:00 a.m. and 6:00 p.m.ericans agree to talk to the taliban leadership. >> in 2000, he read about the taliban and the rise of osama bin laden. now with the 10th anniversary edition of his book, he looks at what is next, sunday night on c- span. >> now a look at how to prepare high-school students for a advanced placement government exam. this is 55 minutes. >> joining us now is andrew, a high-school teacher. also joining us, daniel larsen. larsen. they're both teachers at adlai stevenson high school. if i am in a key government student, what am i doing this weekend? guest: we are here to cram for the exam. this is the first step in a lifestyle of civic participation. we are building a new participation of the voters. host: tell us about the exam. guest: almost 2000 students on monday will be taking the government and politics exam and they're looking for college credit. host: when this exam -- is it just multiple choice? is it s.a.? guest: it is a combination of things. they have four essay or they have to d

senator from virginia, mark warner has issued a letter in support of comprehensive immigration reformas one of the direct links to support for office in other ways. and that the president often said that he would like to have a bipartisan bill, a bipartisan bill. that means his party, democrats, and republicans. now, frankly i'm not being partisan here. but by far, you know, the republican party has been very reluctant to come forward with a proposal that we can actually begin to have a conversation about in the debate and have a healthy conversation. to his credit, senator lindsey graham from south carolina has made some proposal. he's been a little bit on the silent end of that conversation. i believe it was march 20th editorial in the "washington post" appeared with senator schumer protecting a framework. they are not perfect. we know as we debate the issue there's some things we're not going to like. and i got to tell you angie, as an active member of national ocean of counties which representative 2400 counties in the nation and privileged to serve on the task force, i've had to

host: we will leave it there and give a programming note on "newsmakers" this week -- senator mark warnerill be our guest and talk about financial work regarding regulations going on. in this particular part of the interview he will talk about whether the reaction for wall street is overheated, and whether wall street has sufficiently acknowledged what taxpayers did for it. >> some of the rhetoric has been a little over you. we won. we want to make sure that if you are a startup entrepreneur as i was 30 years ago, whether a small business that needs the loan, you need the flow of capital. we can sometimes demonize wall street which is the center of our capital markets, but at the same time part of that has come about because -- i have to tell you, i have been so frustrated that there has not been a level of recognition that almost all of these firms were in jeopardy of going out of business in the fall of 2008, and if the taxpayer had not put up $700 billion, to help get them through the crisis, the taxpayers did not greet this crisis -- now you have there certaithe firms said they did n

nonetheless, i think the fact that we've established on a bipartisan basis -- and again our colleagues, mark warnernd bob corker, along with other members, did a great job, in my view, in crafting that part of the bill. i think we've done a good job there and i see very little dissent about it. the fourth piece -- the consumer protection -- is the one we're engaged in. and this isn't debate that i believe is worth having over the next hour or two and then vote. let me say to my friend from alabama, the author of the amendment, and thinks cosponsors. we've got to come and debate this stuff. i'm here and i will a.b.a. glad to engage in the debate. -- and i'll be glad to engage in the debate. but i've got one other colleague here right now engaged in this question. this is a major part of the bill. people have told me overed and over again, this is a big issue for them. i'm willing to accept their determination. i think it is a big issue, too. but we've got about 100 amendments that people wants to omplet we've got about -- that people want to offer. we've got about 39 legislative days until the end o

spent a lot of hours with our colleague from virginia, mark warner. particularly on titles 1 and 2 of this bill. i will say more about senator corker's contribution during the debate on this bill. but i wanted to at the outset of the debase and discussion thank him for his wonderful legislation. let me thank senator merkley and senator klobuchar, as well as other cosponsors in this bill, bipartisan support for the amendment. i would like to be included in the record some correspondence. i have a letter that we sent out in 2007 -- well, let me start out with a letter in december of 2006. to give you an idea it was four years ago. it was signed by myself, wayne allard, who is no longer with us of colorado, senator sarbanes, jim bunning of kentucky, jack reed of rhode island and jack schumer. the letter is push regulators for guidance for subprime mortgages. that's in 2006 that we sent that first letter. we were in the minority, we democrats. in april of 2007, we sent another letter to chairman bernanke, and here we said that our committee had held two h

they are getting the competitive advantage over the jim bunning said that used to trade, or the mark warnerssed to trade. my appeal is if you need not only action in terms of making sure we have the circuit breakers in place, but how do we also make sure you have the technology and tools in place? it was not market reactions but something else going on. >> the technology and tools are critical for us to understand exactly what went wrong here. that would inform the kind of fixes we would put into place. we do not have all of those answers yet, but we do not want to wait to ameliorate the impact of what happened. what ever it was, whatever the causes, linkages between the two markets. that is why we are moving quickly on things like circuit breakers. we are jumping on the things we can fix immediately. we are doing this auger and deeper dive. i hear you saying to pick up the pace and figure out what is more -- broken and get them fixed. that is what we are trying to do. >> i am also asking, as we sort through how we try to prevent this, we also have to sort and make sure that everybody is ope

senator from virginia, mark warner has issued a letter in support of comprehensive immigration reform as one of the direct links to support for office in other ways. and that the president often said that he would like to have a bipartisan bill, a bipartisan bill. that means his party, democrats, and republicans. now, frankly i'm not being partisan here. but by far, you know, the republican party has been very reluctant to come forward with a proposal that we can actually begin to have a conversation about in the debate and have a healthy conversation. to his credit, senator lindsey graham from south carolina has made some proposal. he's been a little bit on the silent end of that conversation. i believe it was march 20th editorial in the "washington post" appeared with senator schumer protecting a framework. they are not perfect. we know as we debate the issue there's some things we're not going to like. and i got to tell you angie, as an active member of national ocean of counties which representative 2400 counties in the nation and privileged to serve on the task force, i've had to

and he's proud of what he wrote. >> mark and david, thanks so much . >> warner: again, the major developments of the day: employers added 290,000 jobs in april, the largest hiring increase in four years. president obama said he was encouraged by the numbers. but there was continuing market uncertainty both here and in europe. in britain, no political party emerged with a clear mandate to govern after yesterday's election. and a massive containment dome made its way 5,000 feet to the bottom of the gulf of mexico to try and cap the well that's been leaking for 17 days. the newshour is always online. hari sreenivasan, in our newsroom, previews what's there. hari. >> sreenivasan: there's more on today's job numbers. we asked a panel of analysts to weigh in on what the new figures mean for the overall economy. and several of you are watching how many gallons of oil are gushing into the gulf of mexico with our interactive leak meter. explore different estimates of the current flow rate by adding our widget to your web site. and on "art beat," jeff talks to damian kulash of the band ok go about thei

virginia, who is presiding over the senate now is a member of the senate banking committee, senator mark warnerve worked on the bill and large sections are his handy work to make changes on wall street to protect our economy and make certain that we don't relive some of the horror stories that we've seen over the last several years and we all know the stories ptty well. there was a time about a year and a half ago when under the previous president i was brought into a meeting just a few steps away from the senate floor with the chairman of the federal reserve, ben bernanke, and the secretary of treasury, henry paulson and they said, we want to let you know the largest insurance company in the world, a.i.g., is about to go broke. and when it goes broke, it's going to bring down so many companies an corporations with it, that it could cradle the american economy and chairman bernanke said to there is -- there was a moment of silence in the room and someone ht nerve to ask, i don't remember who it was, where did you ge get $85 billion from the federal reserve? and chairman bernanke said something

. >> newspaper -- newsmakers is pleased to welcome mark warner.enator, thank you for being with us. let me introduce our to reporters. next to me, damian paleta of "the wall street journal." >> this is a very large bill, as you all know, with a lot of elements to it and a lot of complex language we have heard over the past week. for the everyday american, who wonders how it matters to them and if it protect them, i think there are three or four overriding goals that both parties have. we want to make sure that we never get to where the american public was forced to bail out large financial institutions the way we had to in the fall of 2008. we did not have any kind of early warning system to prevent institutions from getting too big to fail. we put a series of what i call speedboats

madam president senator mark warner and i want to add language to the current wall street reform act.it would do just that. once that report to congress is finished only then can congress either draft needed legislation or encourage new rules. we all know that the challenge for regulators is to see beyond the horizon and to act preventively before financial crises hit. that's the key to everything we do around here. we've got to look ahead in this complex problems we have and do prevention, not wait until something happens. but this is always difficult but especially so when markets are as opaque and wall street interests resist even reasonable suggestions about needed reforms. during the past nine months, in response to my call for transparency an s.e.c. visa view of high-frequency trading many voices on wall street, many many, praised the issues of electronic trading and almost none were interested in looking critically or honestly for weakness of system risk. there's nothing wrong here. you shouldn't even look at this. that's what i was calling for. not regulation, just look at tha

provisions of rule 1, paragraph 3, of the standing rules of the senate, i hereby appoint the honorable mark r. warner a senator from the commonwealth of virginia, to perform the duties of the chair. signed: robert c. byrd, president pro tempore. reid mr. president? the presiding officer: the majority leader. mr. reid: following leader remarks, the senate will resume consideration of the wall street reform bill. there are no roll call votes today. or on monday or on next friday. the following monday, though, we're taking a look at that, mr. president. that's now scheduled as a no-vote day. we may not be able to do that. there are some other things that have come up, not the least of which is a conversation with secretary gates yesterday about the supplemental war funding bivment we're going to do our utmost to finish this bill we're on now next week. we have today and all day monday for people to work on amendments. we hope that we can make some progress in that regard. yesterday there were a few difficult spots, but late evening we were able to get our senate back on track, and we had some important

provisions of rule 1, paragraph 3, of the standing rules of the senate, i hereby appoint the honorable mark r. warner, a senator from the commonwealth of virginia, to perform the duties of the chair. signed: robert c. byrd, president pro tempore. mr. mcconnell: mr. president? the presiding officer: the republican leader. mr. mcconnell: ordinarily, the majority leader would go first. he will be here momentarily. i will go forward with my opening staivment. the presidin-- i will go forward with my opening statement. the presiding officer: without objection. mr. mcconnell: we're all worried about what's going on in the gulf coast. the entire nation is bracing itself for the full impact of the disaster which could get far worse. our focus at the moment is on stopping the leak and mitt gailting the damages as quickly as possible so we'll be paying close attention to the administration and to local officials on the ground to assist them in these efforts as the oil comes ashore. we're all hoping that the coordinated efforts of local, state rs and federal officials along with b.p. workers will prevent a wo

. >> woodruff: margaret warner gets an update from athens on today's deadly riots sparked by greece's debt crisis. >> brown: and simon marks previews the photo-finish in tomorrow's general election in britain. >> i really, really hope so. and i think the thing is lots of people do. i think we really, really need a change. >> woodruff: that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: today-- how did faisal shahzad come so close to leaving the country monday night? by then, authorities had connected the pakistani-american to the crude car bomb that failed to explode in times square in new york city on saturday, and they'd tracked down his address in bridgeport, connecticut. evan perez is covering the story for "the wall street journal. he says shahzad was able to slip away despite heavy surveillance. >> he had a black isuzu that he drove to the airport, and it's unclear whether he left out a back entrance, whether he had the car parked down the street, whether maybe they just missed it while they were watching the front door. it's clear that they were sitting there and up to ab

. >> woodruff: margaret warner gets an update from athens on today's deadly riots sparked by greece's debt crisis. >> brown: and simon marks previews the photo-finish in tomorrow's general election in britain. >> i really, really hope so. and i think the thing is lots of people do. i think we really, really need a change. >> woodruff: that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. %x- he associated press says it shows him walking away from the scene of the attempted attack. and federal authorities pursued answers in the investigation, even as questions abounded about the pursuit and capture of the alleged bomber. one key question being asked today-- how did faisal shahzad come so close to leaving the country monday night? by then, authorities had connected the pakistani-american to the crude car bomb that failed to explode in times square in new york ci