this is 40 minutes. >>> we're back with martha coakley. she's the state attorney general for the state of massachusetts, a democrat, and joining us from boston this morning, talk about that $25 billion mortgage settlement that we heard about last thursday. ms. coakley, let me get into it a little bit and ask you first, who will this benefit. >> it's going to benefit, frankly, from my point of view, the whole economy. but where it's focused right now is real relief for two kinds of homeowners who have loans with the five banks that were involved in this particular agreement. those who have been delinquent, that is, they haven't been foreclosed upon yet, but they're behind in payments and they are pre-foreclosure. and the second group, then, will be held to homeowners who are under water. that is, they have homes that are now worth less on the market than the value of their mortgage. and so they're not in a position to refinance or, indeed, even to be able to get out from under that. so those are the two primary sets of homeowners who will b

martha coakley, what do you make of these new rules? >> first of all, i've been a big supporter of the bureau, and my former colleague, the head of it, understands these issues. i think he and the staff there understand the need for this kind of consumer-oriented regulation that will help consumers become better educated so that, first of all, we don't have the kind of bubble that happened last time around in this housing crisis. we also, and i think rich understands and we need to make sure that banks continue to make loans, that they will continue to provide money to businesses and homes who are trying to borrow money. we don't want to go so far to the other end that we slowed the economic recovery around, either, but there's been a sore lack of regulation that focused on this unfairness piece on the consumer side. there is an incredible focus at the federal level on making sure that institutions are sound, that the banks don't fail. i appreciate that, but these things aren't mutually exclusive. if you look at what happens where the r

. >> okay, nancy, martha coakley? >> i was attorney general -- i have been attorney general since 2007. eliot spitzer precede med because i served with attorney general cuomo from new york. the potential agreement you're talking about is not when i was in office. i will say this. as attorney general since that time, and knowing what attorneys general have done, particularly the rule that new york can play because of the martin act and other enforcement ability it has, new york's been an important player on states enforcing consumer rights. and in some instances, overseeing banks. by and large, remember, a lot of oversight in regulation of banks and securities is done by the federal government, whether it's the s.e.c. or enforcement by the department of justice at the federal level. the banks have lobbied for a long time to be pre-empbted from any state regulation and would prefer to deal with one regulator and frankly they've had friends in congress, i think, that have allowed them to escape the kind of regulation tha

our guest is massachusetts attorney general martha coakley. and we'll discuss the proposed budget with kevin bridi, a member of the ways and american s "washington journal" is on every day. >>> with president obama releasing his $3.8 trillion budget proposal for fiscal year 2013, a number of his cabinet securities will be heading to capitol hill to testify about the kneely restaged. with treasury secretary tim geithner and on the defense department's 2013 budget. it called for 54, a 1% do crease from last year. that gets under way at 9:30 eastern. >>> there's been honest contention, spirit and disagreements, and i believe considerable hot arguments. but don't let anybody be misled by that. you have given here in this hall a moving and dramatic proof of how americans who honestly differ, close ranks and move forward for the candidates shoulder to shoulder. >> we look back at 14 men who ran for office and lost. who had a lasting impact on american politics. >> what about you? are you now out of debt? do you have a comfortable lack b? do you real

martha coakley has the knowledge of the massachusetts legislation and will discuss it -- state and federale first lawsuit against the affordable health care act before 26 other state attorneys generals. while coakley is the expert in her home state's some called romney-care legal basis and how does and does not serve precedent for the federal law that followed. coakley also filed a lawsuit. reelected to her second term as attorney general in 2010, martha coakley has devoted her career to protecting children and public safety, standing up for consumers and taxpayers and fighting for equality, prosecuting dangerous criminals. she has recently been appointed to the president's national fraud enforcement task force and today has a separate announcement. ken cuccinelli was elected attorney general of virginia and sworn into office january 2010. prior to serving as attorney general, he served in the senate of virginia from 2002 until january 2010. as a senator and private attorney, he were to improve the mental health system and has been a champion for citizen property rights. he may government

. >>> we'll talk to massachusetts attorney general martha coakley later tonight on c-span3. then a hearing on the use of presidential recess appointments. next c-span radio's "washington today" with news and events of the day from the nation's capital, including reaction to president obama's 2013 budget request. p. >>> i asked a simple question. you're the director of the >> i ask a simple question. you're the director of the omb, does your budget -- >> our budget is a more honest budget. it looks at what's happening. >> will the witness not answer this simple question? i just asked a simple question. >> it's a more accurate reflection of what we're going to spend. >> will it spend more or less? >> just some of the exchanges earlier today on capitol hill as members of the president's administration provide details to members of congress on the 2013 spending blueprint that, exchange with senator jeff sessions, republican of alabama and acting director of office of management and budget, jeffrey zients. a new poll out showing rick santorum and mitt romney essentially tied in t

. >> massachusetts state attorney general martha coakley, thank you so much for talking to viewsers. we appreciate your time. come back again. >> my pleasure. see you soon. >> coming up next, a look at the news of the day from capitol hill. a live simultaneous cast of c-span radio's washington today. live now on c-span3. p. >>> i asked a simple question. you're the director of the omb. does your budget call for spending more money. >> our budget is a more honest budget that looks at what's happening in a business as usual basis. each year we pass the amt. >> will the witness answer the simple question? i just asked a simple question. >> it's a more accurate reflection of what we're going to spend. >> will it spend more or less? >> just some of the exchanges earlier today on capitol hill as members of the president's administration provide details to members of congress on the 2013 spending blueprint. that exchange with senator jeff sessions, republican of alabama, and the acting director of the office of management and budget, jeffrey zions before the senate budget committee. welcome

today, two outstanding and prominent state attorneys general, martha coakley of massachusetts, and kennelli of virginia will lead a national press club news maker. the affordable health care act, constitutional or not, as a prelude to the march 14 consideration of the law. ken cuccinelli brings personal experience with his state's legislation and national leadership concerning the federal health care lawsuit, while martha coakley has deep knowledge of the massachusetts legislation and will discuss state and federal law. cuccinelli filed the first constitutional lawsuit to the supreme court against the affordable health care act before 26 other state attorneys general. while coakley is the expert in her home state, so called romney care's legal basis and how it does or does not serve as precedent ifer the federal law which followed. coakley filed a brief with the supreme court. re-elected to her second term as attorney general in 2010, martha coakley has devoted her career to protecting children and public safety, standing up for consumers and taxpayers, fighting for equality, prosecuti

we will talk to martha coakley. we will be right back. ♪ ♪ >> testimony continues today on president obama's budget proposal for fiscal year 2013, released yesterday. there are a number of senate hearings planned for today. this morning, leon panetta and mark dempsey will answer questions before the senate armed services committee. live coverage starts this morning, here on c-span. the treasury secretary -- treasury secretary will be on capitol hill, testifying on the president's budget request. you can see him at 10:00 a.m. eastern on c-span 3. later this afternoon, the author of the book "the invisible arab ," join us live at 5:30 eastern. >> now online at the c-span video library, speeches from last weekend's political conservative action conference. >> we must outsmart the liberals. we must outsmart the stupid people who are trying to ruin america. >> this is about one country united under god. we are red, white, and blue. president obama, we are through with you. >> they can come at our throat, as long as we ar

massachusetts attorney general, martha coakley filed suits over allegedly fraudulent foreclosures. it could put an end to some state suits but doesn't release the states by other actions from the federal government, private investors or any individual borrowers. sue and tyler? >> thank you very much, diana. let's go back now and try and connect with julia in athens where the audio engineers have gone on strike, clearly. let's check in with julia to find out what the latest is on that debt deal over there. >> reporter: i've got you now. some people are strike, i can assure you. the local media reports here are that the draft agreement has been completed and now with the coalition leaders of the government here in greece, they're set to meet the prime minister in around an hour's time. at the same time around an hour ago, the finance minister and the prime minister met with one of the key representatives of the private creditors here, of the bond swap deals. the pieces do appear to be coming together. but we are still waiting for that agreement from the coalition leaders of the gover

. >>>> on "washington journal" ths morning, we will examine the bank is -- our guest is martha coakley. also, kevin brady. "washington journal" is live every day on c-span at 7:00 a.m. eastern. now we get reaction from some republicans to the president's 2013 budget request. >> come on in. we are on time, are we? there we go. the budget submitted by the president of the united states is more than just a document that has lines in expenditures in it. a budget represents a revision that that president has for the future of america. in this case, it will be 10 years. mr. bernanke told us a few days ago in the budget committee that we need to be looking beyond the 10-year window, particularly when dealing with systemic problems' like our economy. i believe the american people are entitled to and must have an honest budget, budget that clearly lays out the challenges we face and how the chief executive would expect to meet those challenges. i cannot imagine governor bentley in alabama not taking the opportunity to produce a budget that allows him to lay out how he is going to meet the chall

martha coakley was a weak candidate. >> that's what we heard, that people in massachusetts don't likelecting women statewide. >> that's not true. the strength of the candidate would carry the campaign and she's a strong -- >> elizabeth's going to win isn't she? >> i think scott's going to win. you look at those 30-second commercials she puts on there, she's from central casting. we were talking yesterday -- a lot of times you'll get a wes clark that will come into politics and think he's going to take it by storm. most of the people that come from outside the system do terribly inside. she's just the opposite. she's about as good as i've seen for the first time around. she's the natural. >> yeah, right. and i think barnicle hit it on the head. you have two very talented candidates who very much fit the state. and scott brown is an anomaly in that he's not been forced by republican leaders to do what other republicans are doing in town. they've given him some freedom. he's taken that freedom to carve out his own identity. and that's really the trick for anybody running in the northeast

. >> martha coakley -- >> elizabeth is really a great candidate. >> scott brown's a great candidate. spent two weeks on the trail in 2010, he has that touch, he can connect with people. >> yes, he can. >> speaking of great candidates, can we talk about our good friend andrea mitchell yesterday? and his take on contraception, the old aspirin between the knees and to me how that's going to live with santorum. i keep going back and forth with romney and santorum. what do you do with either of these guys? >> santorum? >> it's his guy. >> that's the thing -- >> it's his guy, you know. >> left-wingers. >> here's why it's going to affect santorum. it's because not only was that one comment disturbing, the entire interview was odd. and the thing is -- the entire thing. i mean literally -- >> we're going to see it. >> rick santorum and his position on contraception. >> it was unreal. >> he's the money man, what do you want from him? >> it was one of the scary things about the introduction of the super pacs. the fact that because he's one of the people that's keeping the campaign going, you kn

our guest is massachusetts attorney general martha coakley and we will discuss the president's proposedt with represented kevin brady of texas, member of the ways and means committee and vice chairman of the joint economic committee. "washington journal" is live on c-span every day at 7:00 a.m. eastern. >> there has been honest contention, spirited this agreement, and i believe considerable arguments. misled't let anybody be by that. you have given here in this hall a moving and dramatic proof of how americans who honestly differ close ranks and move forward for the nation's well- being, shoulder to shoulder. >> we look back at 14 men who ran for the office and lost. go to over website, c-span.org /thecontenders. >> what about you. are you now out of debt? do you have a comfortable backlog in the bank? are you paying less for the things you buy, or more? do you really thinks it is do you really think things cannot be better? course they can. working together, we can and will make them better. >> now president obama talks about his budget proposal for 2013. the request includes $4 trilli

martha cokely at the press club -- coakley at the national press club for a little more than an hour. >> welcome to the national press club newsmaker series. this is the leading professional organization for journalists. i am bob filner. today's event coordinator. today, two outstanding and prominent attorneys general will lead a press club news maker. the affordable health care act, constitutional or not, is a pre lead to the march consideration of the law. ken brings experience with his national leadership concerning the federal health care lawsuit. martha cokely has deep knowledge of the massachusetts legislation and will discuss federal law. he filed the first constitutional lawsuit to the supreme court against the affordable health care act before 26 other state attorneys general. cokely is the expert in her home state on romneycare and how does serve for does not serve for the president that follows. she filed a brief with the supreme court. reelected to her second term in 2010, martha has devoted her career to protecting children and public safety, standing up for consumers and