menendez, that speaker boehner is working on his own version of a plan at this moment.ey have been rallying support. last night showing a clip from "the town" movie and that's the way he wants to take this, so i don't think your republican colleagues across the aisle are interested in following senator reid's approach, are they? >> well, speaker boehner's approach which by the way, congressional budget office scored as far insufficient, even for his own goals. he's retooling it. secondly, it cuts far less than senator reid. it does far less than senator reid's does in the first couple of years, andç so in every respect it puts us back in this quagmire in six months which the nation should not withstand nor can our economy withstand and so i think he needs to put up for his caucus, his plan, send it to the senate and show that it cannot pass in the senate, be amended and send back by senator reid's proposal and ultimately that will be their decision. do they pass in essence what they asked for which is a debt ceiling that is fully paid for by cuts and no revenues. >> ju

, erik's wife tammy menendez wrote a self-published book.e it: my life with eric menendez." some say the likelihood of casey anthony cashing in is high. others are not so sure. >> some people may not want to touch casey anthony because they don't want her to profit from what they see as someone who got away with murder. >> reporter: jim avivi, abc news, orlando. >> and that is our facebook question of the day. should casey anthony be allowed to p pfit offer her notoriety? so many y ople weighing in. i think she should be allowed, the question is should she? so many people o ofacebook saying, no way. >> if she's going to, have this money go to restitution or charity or a fund like that. definitely a hot-button issue. >> absolutely. issue. be right back. >> absolutely. we will be right back. >>> the hollywood couple everyone is talking about, we're talking about one little-known actor and one aspiring young actress. >> he's 51, she is 16. here's abc's lara spencer. >> am i your toy? >> you're my little plastic barbie doll. >> reporter: meet ho

estos son temas que vamos a abordar hoy con el senador del estado de nueva jersey, bob menÉndez.star contigo y tus televidentes y con la informaciÓn que le das a nuestra comunidad. >>muchas gracias. senador, la informaciÓn que muchos nos preguntamos cuando vemos este desastre sobre la deuda, el tope de la deuda... ¿por quÉ todo esto es tan importante? >>bueno, es importantÍsimo, porque el incumplimiento de la deuda nacional, el no pagar la deuda nacional, va a tener consecuencias econÓmicas en toda la comunidad, en toda la naciÓn. si tienes una hipoteca variable, esa hipoteca subirÁ, si tienes tarjetas de crÉditos, subirÁn los intereses, si quieres hacer un prÉstamos para un pequeÑo negocio, subirÁn los intereses. si no pagamos la deuda nacional, no hay garantÍa de que se le puedan mandar los cheques de social security, para los pagos de medicare, los pagos de medicaid. en fin, los retirados de nuestras fuerzas armadas, todo ese universo va a ser afectado. >>senador, en su casa y en la mÍa, si viene la cuenta de luz y yo le digo al seÑor que le debo la luz: "oye, mira, no tengo d

. >> el libro termina contando como los hermanos uribe, supuestamente, abandonar al mayor menÉndez cuandolaÁh@univisionpi extrah@h@u@ h@univisionpi extrah@h@univisio santiago u n> durante los aÑos 90 mÁh@univ manos h@univisionpi extrah@bles@ los alrededores de la hermosa iglesia de notre-dame en parÍs. una inigualable escena. antes de despedirnos los invito a que comparta h@h@univisionp gracias por haber los acompaÑara. llegamos al final pero rec

se lo preguntamos al senador menÉndez. en tres meses los guatemaltecos van a elegir un presidente.residente obama no habÍa sido con los hispanos, ¿piensa lo mismo la organizaciÓn? le preguntamos al abogado luis vera. acompaÑa rafael palacio y aguirre. el columbia en 1981, este aÑo veremos el programa con el lanzamiento del atlantis,1 de los astronautas que viajÓ fue hernÁndez y hoy está al punto para contarnos cÓmo se logra llegar del campos de cultivo al espacio. ♪ >> vamos al punto con un jorge ramos. >> vamos al. tras semanas de especulaciones hugo chÁvez reconociÓ que tenÍa un tumor canceroso. >> comenzÓ y de inmediato otras serie de estudios que confirmaron la existencia de un tumor con presencia de cÉlulas cancerÍgenas. lo cual hizo necesaria la realizaciÓn de una segunda intervenciÓn quirÚrgica que permitiÓ la extracciÓn total de dicho tumor. >> fueron las declaraciones de hugo chÁvez desde la habana. embajador, gracias por regresar al programa, su primera impresiÓn del discurso y estas imÁgenes. >> luce muy debilitado, fÍsicamente y francamente mentalmente. una persona que

we also thank the wonderful hydra menendez for inviting us today. let's have a big hand for the mckinley elementary school choir. [applause] they are being led by second grade teacher miss yang, miss vantia, miss bryant, and miss petrokie. i think our principal is in here somewhere. ok. there is our principal, rosa song. there she is. [applause] all right. we are ready. ♪ [piano playing] ♪ [piano playing] [piano music playing] [applause] [piano playing] [applause] [piano playing] >> give it up one more time for the mckinley elementary second and third graders. [applause] >> i'd like to acknowledge scott wiener. thank you for joining us. i'd like to acknowledge my colleague, sandy, for joinin gus. -- joining us. and at this time, i'd like to welcome ed lee, the mayor of san francisco. [applause] >> thank you, hydra and mckinley students. thank you very much. supervisor weiner, i thin kwe k we have the official song, next time i go t otho the boardf supervisors, we need side by side. we ain't got a barrell of money. thank you for coming today. i want

contra, eso fue una sorpresa y esta tarde salieron los demÓcratas a decir que como dijo el senador menÉndezs al final votaron a favor, pero la verdad es que esto fue quizÁs una represalia por lo que ocurriÓ en el dÍa de ayer cuando el senado rÁpidamente,2 horas despuÉs de que la cÁmara baja lograra aprobar el plan de (...) el senado lo rechazara inmediatamente, como muestra de esto las cÁmaras de representantes en ese fragmento rechazÓ el plan de reed por un voto bastante claro y esto obviamente dejar todo listo para maÑana. >> estaremos pendientes de lo que ocurra maÑana. muchas gracias por su reporte en vivo desde la capital del paÍs. mientras los congresistas siguen sin ponerse de acuerdo, paÍses centroamericanos que dependen de la estabilidad econÓmica de estados unidos estÁn algo más que nerviosos combates de el salvador nos cuentan cÓmo las remesas de miles de familias dependen de una por la favorable. >> hablar de recesiÓn, reducciÓn del gasto pÚblico o desempleo en los estados unidos es como un mal diagnÓstico mÉdico para a paÍses como el salvador. >> si a estados unidos le da gripe

joining me now is democratic senator robert menendez of new jersey.lawmakers to call for an investigation of news corp. thank you for joining us senator. >> good to be with you reverend al. >> now, you've been calling for an investigation since last week. why is that? >> because we saw published reports that suggested what was going on in great britain were the news of the world was actually getting access to the prime minister's records, to the royal family's records, to the young victim after crime and others. actually had been attempted here in the united states answers 9/11 families and the victims of 9/11. and so, to me, that's outrageous, if it's true, and needs to be investigated. that's why i called upon the justice department to conduct an investigation to find out whether that's true. because as we approach the tenth commemoration of september 11th, the last thing that 9/11 families should have to think about is that access to their records were you know, ultimately obtained illegally by an entity like news corp. >> let me ask you about a ne

. >> and from the menendez brothers to rob lowe playing drew peterson.murder movies ripped from the headlines. >>> kate and william, what they're doing tonight as they pack for hollywood in just two days. >> kate is really, really excited. and will, will is a little bit nervous. >> where the stars want them to visit. >> malibu. maybe go to the pier. >> plus i know what is inside

. >> question, democratic senator robert menendez has called for the justice department to probe allegations that a murdoch newspaper propose hacking the cell phones of 9/11 victims' families. how incendiary is that allegation? >> well, if it's true, it certainly incendiary and the hacking has actually delegitimized his company. he was forced to -- in a very gutsy move to shut down the major newspaper, news of the world, and he's now being investigated by as many parliamentary committees as possible. they've stopped a major transaction he's been working on to take a hundred percent chrome of bskyb, which is a major cable company in england some it's amazing to me how fast this has happened for a man who is really the premiere media baron in the world, who has run into an overwhelming number of attacks on his company and on the failure of the company to shall we say conform by the honorable rules of journalism in. >> the hacking is bad business, nasty business no doubt about it. and they're going to prosecute people over there in england for it and if they're doing it here, he's got a real pr

. >> and from the menendez brothers to rob lowe playing drew p

menendez: i ask unanimous consent the quorum call be vitiated. the presiding officer: without objection. mr. menendez: mr. president, there are no easy answers to our current dilemma. the majority leader's proposal is the best option we have to overcome the bipartisan impasse. failure to increase the debt limit is not an option. working families can -- can't afford the increased costs associated with default and seniors can't afford not to have their social security payments. in my time as a mayor, as a state legislator, as a member of the house of representatives and now as a senator, i have learned that there are times when one needs to stand and fight and there are other times when one needs to reach a compromise. i'm not comieted about the decisions we are being forced to make, but i think the majority leader has crafted a proposal that can bring the two parties together and avoid economic disaster without destroying medicare, social security and other priorities of working families. and if you compare that to speaker boehner's proposal, that

. >> mÁs adelante vamos a tener una conversaciÓn con bob menÉndez que tiene una propuesta de reformaspierta amÉrica. inmediatamente queremos contarles que unos 33 soldados mexicanos cruzaron la frontera con estados unidos sin darse cuenta mientras realizaban operaciones de reconocimiento. la agencia de aduanas y protecciÓn de fronteras de los estados unidos dijo que fueron devueltos a su paÍs y se atribuyÓ el incidente a un error. >> un estadounidense de 15 aÑos conocido como el ponchis por asesinato, secuestro y trÁfico de cocaÍna, edgar jimenez trabajaba para el cartel del pacÍfico sur en el estado de morelos hasta su captura en el mes de diciembre. los cuerpos mutilados de las personas asesinadas fueron hallados colgando en un puente de mÉxico. >> prisiÓn preventiva para el ex ministro de cultura y cercano colaborador de Álvaro uribe. arias es uno de los altos funcionarios del gobierno de uribe que ahora estÁn en problemas con la ley. >> este abrazo fue el Único consuelo del ex ministro de agricultura felipe arias despuÉs de que el juez lo enviara a prisiÓn. >> por favor. por favo

we now turn to senator menendez who i think -- say again? oh, excuse me, senator lugar? >> thank you very much. >> i apologize. >> it's to enhance congress's ability to conduct responsible oversight of any continued united states military operations in libya. it would require periodic reporting on the costs of the operations and how these costs are being paid for. it would also require periodic reporting on the impact of the ongoing operations in libya on other u.s. and nato military operations including operations against the taliban and al-qaeda in afghanistan. reporting on these issues is not provided for in the kerry-mccain resolution. given that the resolution would authorize military operations that could go on for as much as a year, and could expand in scope from current u.s. operations, i believe it's important that congress have the necessary tools to conduct oversight of these issues and to know their costs. i urge members to support the amendment. >> senator lugar, this is another excellent addition. i believe senator corker has the second degree, i think, ori

just before addressing that question, could i add something to general menendez's question. was a journalist in the 1990s, and when i lived there, at least for the first three years, not a single media outlet in mexico city was free, so i think there's been a big change, and one should remember that context. it is certainly true that there's serious threats to the lives and liberties of journalists and media organizations in mexico today, but they tend to be concentrated in remote areas away from the capitol. as was the case in colombia in the 1990s, and just in terms of the security and imp implications for democracy, i think it's crucial that moment ce moves faster on building a serious police force or serious police forces because the historic achievement of the mexican revolution was taking the army out of politics. i think in contrast to what was happening elsewhere in the region, i think there is a danger that the longer that the army's involved in the front line of -- of the crackdown against drug trafficking organizations, then the army risks becoming politicized and

discuss some of the biggest political stories, we bring on our power panel, joining me is alicia menendezr the huffington post, ryan grim, and finally from washington, d.c., republican strategist john feehery. should washington rip a payment from the nfl playbook. they were all hugs after reaching a deal to end the lockout and save the season for millions of fans. the key, both sides were willing to compromise. >> i hope we gave a little lesson to the people in washington, because the debt crisis is a lot easier to fix than this deal was. >> but in washington, republicans are refusing to budge, and are blocking the president at every turn. will republicans call a play that's in the best interests of the american people? >> what this shows is people need a deadline. the players and owner probably would have quipped at each other if there wasn't a season coming. i think we're going to see the same thing in the next few days or even weeks over in congress, as this deadline of august 2nd forces them into action. john boehner's bill is coming to the floor tomorrow. let's say it passes. it prob

>> senator menendez, i thank you again for your comments about our colleague. and i appreciate the training that you provided. that worked very well. related to this i would have to first represent our consumers, our customers shopping in the store as across america they are watching the events take place here in washington. and there is both a real and a perceived. i think both reality and perception have to be considered. higher interest rates clearly would have an effect on consumption. and so the ability of the consumer to regain confidence, to start then reinvesting themselves, families across america, is important. a default and the ripple effect i think would be impactful, and representing our consumers we think that that would be very, very difficult for the american economy to withstand at this point in time in our history. the other factor is consumer confidence. i'm out every week talking to customers in our stores. when i'm talking to the customers that are shopping in our stores, i'm not getting a sense of confidence. so i measure my own consumer c

senator menendez. >> thank you. news reports came out from the associated press and reuters that alleged that despite the regulators's assurances that the bank's illegal robotsigning was fixed the practice is still widespread. it is still going on for boat foreclosed homes and for homes that aren't in foreclosure which amounts to forging documents and in some cases wrongfully foreclosing on people which is why i and ten of my colleagues including several members of this committee and a dozen house members as well have written to the occ, federal reserve and the fdic urging you that you make the foreclosure reviews and other foreclosure related documents fully transparent and that you release the results of those reviews on a bank by bank basis so the public can evaluate the performance of each bank. there's a tremendous interest in the public seeing these problems properly resolved. i want to ask those three agencies, the fed, the fdic and the occ will you release the results of the foreclosure reviews on a bank by

continuing now with the impact segment, let's bring in fox news analyst mary katharine ham and alyssia menendezn for juan williams tonight. he will join us in a moment to talk about his new book on npr. ladies are in washington this evening. were you offended by the "new york times" highlighting the word christian in its headline? mary katharine. >> yeah. look. i think it's a problem. first of all i'm a political animal but i try very hard in these instances not to immediately jump on a hobby horse and figure out where i can ride it immediately in the aftermath of a strategy like this. i think a lot of other people would do good to do that as well. the "new york times" many liberal activists, certainly desperately want an analog to extremist islam pat themselves on the back for being equal and making this equivalence. you know what? a lot of times the term use in order guy and if you read his writings it's certainly not mainstream fundamentalism. he talks about payingism as with many crazy people it goes down a rabbit hole. they have been referring to him as christian fundamentalists referring

. -- menendez. >> i appreciate the witnesses' expertise and insights. the urgent need for tax reform as well as the direction in which we need to move is agreed, and that is a lower corporate rate and a territorial tax system that does not impose a second layer of taxation on u.s. companies. the u.s. really is an outsider when you look at that. we have the second highest corporate tax rate in the world and other g.a. nations. we are the only one now that have a worldwide tax system. -- g8 nations. that combination makes it difficult for u.s. companies to compete. i would hope that we would take into consideration the testimony provided by our witnesses today and look at lowering rates, broadening the base, and putting american companies in a position where they can compete better globally. this may be a tough question to answer, but i would be interested in knowing from each of you if there's any targeted tax benefits that you would be willing to give up if it were necessary to do so? in order to lower our corporate tax rate to a level commensurate with

>> reporter: after the menendez brothers were sentenced to life in prison in 1996 for killing their parents's wife wrote a self-published book "they said we'd never make it." some say the likelihood of casey anthony cashing in is high. others are not so sure. >> some people may not want to touch casey anthony. because they don't want her to profit from what they see as someone who got away with murder. >> reporter: for casey anthony, the difficult part is, the two challenges she has, actually conflict, trying to make money and trying to keep low key. bianna. >> there's nothing low key about the protests behind you and, dan, you and i were talking, this morning, there is all right a mother launching a protest on facebook trying to stop her from making any money she can make. >> stop her from profiting. >> we have andrea canning in for ron claiborne. on assignment this morning. with a look at the other headlines. hello. >> good morning you to. the u.s. begins the transition in afghanistan. u.s. forces are handing over control of seven districts to afghan forces. earlier this week, the first t

senator robert menendez, a new jersey democrat, wrote to attorney general eric holder saying the possibility this happened is quote, horrifying. republican congressman peter king of new york described the alleged hacking as unjustifiable and parasitic. has news international responded to the 9/11 allegations? >> yes, they have. it's really important to point out that this stems from a report in a tabloid article last sunday here in the uk. in that report there was an unnamed source that spoke to an unnamed former police officer who alleges that he was approached by "news of the world" to tap the victims' phones from 9/11 and he said he denied it. very, very thin but it has gained some traction and that's why we're seeing u.s. lawmakers talking about it. when i spoke with news international this morning, they had this to say. they said news international has seen no evidence to support these allegations. so clearly, they are denying at this point. >> stephanie, i know there has been another arrest here. we're talking about somebody who has been taken into custody. how far is this investigatio

. >>> democratic senator robert menendez of new jersey is among the members of congress demanding answers whether 9/11 victims were targets by sleazy and potentially illegal reporting tactics. senator, let me just start simply here, you've demanded the attorney general look into thp again, have you heard or seen any firm evidence or are you just trying to connect the dots, you see something horrible that happened overseas and you just worry it could have happened here? >> i see a published report in the "daily mirror" that says that the same entities that got the british prime minister's information, the royal family, victims of crimes in great britain and others attempting to do the same thing with an investigator here in the united states. i see a member of parliament speak to that as well. and i see scotland yard having an investigation of over 5,000 names and several thousand phone numbers. that adds up to me to sufficient enough concern to protect the families of 9/11 and make sure that either this was not true, in which case they can have that sense of security, that their messages

certain that this was going to be investigated after prominent senators in the united states, senator menendeznew jersey, senator boxer of california, began to look into this. and of course, beyond, that you have the foreign corrupt practices act going back to the lockheed scandal in japan in the 1970s which i'm old enough to remember, which if i don't misstate it your lawyers who are listening to this, forgive me, makes it a criminal offense in the united states for a united states corporation that commits criminal offenses abroad, in other words, if you bribe the authorities in wherever, chad, to buy your airplanes, if you're a u.s. corporation, that's an offense in the united states. so it has been evident from the start of this that the fcpa, as they call it, could come into play here. and that would have enormously serious repercussions. because as i understand it, the bulk of the business and the profits of news corporation are in the united states and not here in britain. >> talk to me about the split in the murdock family between the father and son over this. how deep is this? >> well,

just before addressing that question, could i add something to chairman menendez.n the early 199 's. when i lived there, at least first three years, not a single media outlet in mexico city was free. so i think there's been a big change. and one should remember that context. is it certainly true that there are serious threats to the lives and liberties of journalists and media organizations in mexico today. but they tend to be concentrated in remote -- that was the case in colombia in the 1990's. and just in terms of the security and its implications for democracy, i do think it's crucial that mexico moves faster on building a serious police force or serious police forces. the historic achievement. mexican revolution was to have taken the army out of politics. i think in contrast to what was happening elsewhere in the region, i think there is a danger that the longer that the army is involved in the front line of the crackdown against drug trafficking organizations, then the army risks becoming politicized and its reputation tarnished. indeed, we're starting to see

senator menendez. >> thank you, mr. chairman. gentlemen, thank you for coming. i have read your testimony with interest. let me start with mr. duke. you have my former chief of staff working for you now and i can come to be proselytized because if he read one more e-mail that says save money, look better , wow. talk about branding, i'll tell you. it is ingrained in my brain. he does a great job for you and did a great job for me. let me pick up on a point that we had a hearing yesterday and it was a deficit hearing. and my colleague, senator conrad made a -- what i thought was a very good point. he pointed out that interest rates matter. and he said a sustained one point increase in interest rates would cost the federal government more than a trillion dollars over the next decade. that's from the governmental side. and i noticed that you were one of those c.e.o.'s who signed the chamber of commerce letter warning of the danger of default and, in part, that letter says "treasuries, securities influence the cost of financing noth just for companies but more import

. >> senator menendez. >> chairman bernanke, think you again for the service to our country. we have both several times spoken of the 2008 crisis and the reality that put forward that had congress not active, we may be would not have been on the verge of a deeper recession. with that as a backdrop, a look at past recoveries that were first lead by a surge in the home market, home building, and then by the easing of credit, and with the high number of distressed times on the market creating a crippled housing construction sector, and with financial firms rebuilding their capital base, is this the best recovery we could have expected? and, secondly, given those persistent problems, do you really think or are their policies that can create a strong recovery with many more jobs? >> i do not see any solutions. obviously, i would have recommended them if i saw them. the federal reserve, the senator alluded to activism. i think what we're trying to do is to fulfill our mandate which is to provide as much support as possible for recovery, and on the fiscal side, i recognize there are

>> ayer tuvimos la posiciÓn demÓcrata sobre el tema con una entrevista al senador demÓcrata bob menÉndezvamos a pasar en la cÁmara. cuántas medidas han pasado en el senado? 0. cuÁntas medidas ha presentado el presidente barak obama? 0. es fÁcil y les gusta criticar a muchas personas a intransigentes republicanos pero la verdad es que somos el segundo grupo que vamos a pasar por segunda vez el proyecto de ley. le da confianza a los mercados. es una pena que reed sin discutir la medida ya dice que no lo van a pasar en el senado y barak obama dice que lo va a vetar pero por lo menos que lo ponga en el senado para que sea votado pero esta es la realidad. dos veces hemos pasado un proyecto de ley y el senado 0 veces y el presidente, dÓnde estÁ el plan de Él? es fÁcil criticar pero nosotros estamos presentando proyectos porque no queremos una banca rota y no queremos no elevar el lÍmite. estamos en favor de elevarlo pero con cortes. >> mÁs allá de los detalles que son complejos en estas discusiones, no le parece que el pueblo de los estados unidos estÁ cansado de lo que está viendo y de lo que

>> michael jackson, simpson, casey anthony, menendez.

. >> senator menendez. >> thank you, mr. chairman. let me in this atmosphere that we're in here in washington, let me strike a bipartisan note is senator corker and say to you, mr. gruenberg, his observation about community banks and just banks in general, you know, we're sitting on the committee saying to those institutions particularly those that we helped save in 2008 we'd like to see lend and we listen to a chorus of voices everything you're asking us to do we're being told differently by examiners. the question is how do you strike the pendulum and for those of us who had to cast the votes to change the force of 2008. we won't want to see that again. by the same token, many of us have the observations that the pendulum has swung so far that we are creating a crisis in terms of getting access to capital and moving this marketplace and creating an economy that can thrive against. without that access to capital it's not going to happen. and if i've listened to one bank president or board of directors after another, i get a common th

. >> we spoke to senator bob menendez of new jersey. he wants a full investigation.y general of the united states, eric holder, the fbi, he wants them all to get involved. we'll see what happens. brian, thank you. >>> murdoch's vast american media empire encompasses dozens of companies worth billions of dollars. cnn's becky anderson has a closer look. >> news corp has plenty at stake in the united states including the majority of its profits. its television sector earns the company $15 billion a year. that is largely thanks to the success of fox network. you'll know that. and hit shows like "american idol," "24," and "simpsons." also news corp owns fox sports and 37 television stations from new york to los angeles. in fact, when you look at the map, across the country, each of these antennas actually represents a station that is under murdoch's control. and this, also, of course, fox news, fox business and other cable networks including fx and the national geographic channel. moving on from tv for you, murdoch's film division is also highly lucrative, bringing in mor

senator menendez from new jersey. senator merkley from oregon. senator mikulski from maryland. senator murray from washington. they had the courage to not have this debated on the senate floor. they had the courage to say, we are not going to allow debate. we're not going to allow the chance that you might get this bill passed that could save america from future generations, further courageous senators, senator nelson from florida. senator nelson from nebraska. senator pryor from arkansas. senator reed from rhode island. senator reid from nevada. senator rockefeller from west virginia. senator schumer from new york. senator shaheen from new hampshire. senator stabenow from michigan. senator udall from colorado. senator udall from new mexico. senator warner from virginia. senator webb from virginia. senator whitehouse from rhode island. senator wyden from oregon. it took a stand to vote in the senate that we will not allow debate on this floor over a balanced budget amendment. we're not going to allow it. despite the vast majority of americans knowing that we have to get our fis

senator menendez. >> thank you, gentlemen. i have with interest read your testimony. mr. duke, you have my former chief of staff working for you now. i have come to be pro's la tiesed. talk about branding. i will tell you. it is ingrained. but he does a great job for you and did a great job for me. let me pick up on a point. we had a hearing yesterday, and it was a deficit hearing. my colleague, senator conrad, made what i thought is a very good point. he pointed out that interest rates matter. he said a sustained one point increase in interest rates would cost the federal government more than $1 trillion over the next decade. that is from the governmental side. i noticed you were one of the c.e.o.'s who signed the chamber of commerce letter warning of the danger of default. it says it increases the cost of financing not only for companies, but other areas. it would cause a host of unintended con conferences. my question is, beyond what it will cost the government, what would be the impact of a default on interest rates for your customers? and if they are increased by thi

john's river at jacksonville in 1564, but when they heard that the spanish explorer menendez had come30 miles to the south to set up this permanent settlement at st. augustine, they sailed to wipe out the spanish colony and instead got hit by a hurricane and were shipwrecked and were, thus, dispatched by the spanish explorer menendez. and from there, st. augustine continued all the way to the present day. you ought to see that restored city. it is a sight to behold and it is not only the history of st. augustine, the history of florida, it is the history of this united states. and so, madam president, i'll share a lot more about our spanish history, our roots in this country. and i thank the senator from massachusetts for his kind indulgence so that i might share this with the senate. madam president, i yield the floor. the presiding officer: thank you. the senator from massachusetts is recognized. mr. kerry: madam president, thank you very much. and i congratulate the senator from florida. i'm delighted to accommodate him and join with all floridians in a good celebration of a great

new jersey democratic senator robbed menendez is the chair. rubio is the ranking member. >> this subcommittee will come to order. let me apologize for starting a little late. as we celebrate the 10th anniversary of the signing of the o.a.s. inter-american charter, i wanted to commeen a hearing. to highlight where it is strong as well as areas where there is progress to be made. all the countries ntsb region adhere to a democratic form of government. we celebrate that achievement, and we seek to further solidify the pillars of democracy, fair and free elections, the independent operation of the branches, and a judiciary respect yul of society and the ability of the press to operate freely. as we have made progress in our country during 200 years, so has latin america. in the 1980's, we saw dictatorial rule, now the norm is competitive elections that are free and fair. we see transfers and power and all nation of power between parties of the right and left. brazil, chile and others have made strides in democracy over the past 30 years. chile rat

menendez: mr. president, i -- i regret that our colleagues have objected to consent to go to some of the most critical issues the country are facing, to have the finance committe meet on trade agreements that could expand markets and ultimately create jobs here in america, and that's what we need in america is creating jobs. that on the question of whether there should be a limited use of force that the country and particularly the senate should spk and not being able to do that is pretty amazing to me. and so i hear a lot about wanting to get the people's work done but then i hear objections to trying to move on get the people's work done. it's a pretty -- pretty outrageous. mr. presiden i want to -- i came originally to the floor after this vote to thank president obama for yesterday calling and echoing my call to end subsidies for big oil. it's a call that received a bipartisan vote here in the sete, a bipartisan majority vote here in the senate, but, of course, did not pass. did not as if becau

senator menendez? >> thank you mr. chairman. me in this atmosphere we are in what may strike a bipartisan note with senator corker and say to you senator corker the observation about community banks and banks in general, we are sitting on the committee saying to those institutions particularly that we helped save in 2008 we would like to see you when it and listen to voices that say everything you want us to do we're being told different by examiners so the question is how to strike the pendulum and the right way and i'm talking about speculative lending obviously for those that had to cast the votes to change the course of 2008 we don't want to see that again by the same token many of us have the observations the pendulum has swung so far that we are creating a crisis in terms of getting access to capital and moving this marketplace creating an economy that can thrive again. without the access to capital is not going to happen again. if i listened to one bank president or board of directors after another, i get a common thread

. >> senator menendez. >> thank you, mr. chairman. thank you all the witnesses.ou know, i'd like to ask, you know, have you seen the cfpb's know before you owe effort? >> i have read about it. i have not actually looked at it. >> have you seen that at all mr. calhoun? >> yes, i have. >> my understanding is it an effort to simplify the mortgage disclosure form to someone who practiced a good time in that field and i'm happy to see the mortgage disclosure forms simplified. >> is the new form being proposed by the cfpb and going to consumer testing right now better than the two existing forms under respa and tilla? >> yes, and my understand something that it has received accolades from both those consumer advocates as well as mortgage lenders and we looked at it through the lens of both being affiliated with a substantial mortgage lender, and it's a place where, again, consolidating the authority is what you had for literally more than a decade. you had hud and the federal reserve with both having authority in that area, and being unable to agree on even a simple di

menendez: mr. president, i rise today deeply concerned that our republican colleagues in their ideological haze have lost sight of the facts and the real people at home whose lives will be affected by the choices we make. they are lost in an ideological haze a political dust storm that is distorting the facts and confusing process and policy with political propaganda. as the conservative columnist david brooks has said -- quote -- "a normal republican party would seize the opportunity to put the country on a sound fiscal footing." he calls it -- quote -- "the mother of no-brainers," but it is true as many have said that this republican party is not your grandfather's republican party. it is not even ronald reagan's republican party. this republican party is so far to the right that it cannot even see the center where ideologies converge and good governance begins. this republican party sees the process of governing as one-sided, their side and no other. today, those on the far right wave the consti

again, as i said to senator menendez. those kinds of specific policy decisions are going to have to be worked out by the folks who are elect to do that. >> senator hagen. >> just a reminder. you will see all of that sunday, 3:00 p.m. eastern on c-span. . . [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] >> would everyone take their seats in [inaudible conversations] [inaudible conversations] >> could everyone please take your seats? so we can get started. we've got a lot of cover in a limited amount of time. [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] >> good morning, everyone. good morning, everyone. oh man. we'll try it one last time. good morning, everyone. >> good morning. >> yay! good morning to the governors, good morning to our distinguished guests, the reason that i'm good morning as loud as i can

menendez: mr. president, i ask unanimous consent that the quorum call be waived. the presiding officer: without objection. mr. menendez: mr. president, i know we're on the milcon appropriation bill but i did not want to lose the opportunity to talk about a pressing issue before the country today and that is how we will work to resolve the nation's obligations to its creditors and what the failure of doing that means to the nation and to each and every american. and so, mr. president, i rise to ask a simple question of my republican colleagues: when is an entitlement not an entitlement? apparently, given the rhetoric and actions of some of our friends on the other side of the aisle, the answer would be that an entitlement is not an entitlement when it benefits an entitled class of wealthy americans. in the republicans' ideological haze that is swirling around washington these days, it's only an entitlement when it goes to the middle-class families, to students, to seniors, to the disabled, to the do

menendez: mr. president, i came to the floor, i heard an interesting colloquy going on between my colleagues, my friend from utah and my friend from alabama, and i saw that my name was invoked so i thought i would come to the floor and maybe elucidate for them and set the record a little bit straight. number one is i am no longer the chair of the democratic senatorial campaign committee, so my focus in ending the tax breaks that the big five oil companies in this country get to the tune of $21 billion, of $21 billion, $21 billion that the taxpayers of this country give in essence to the big five oil companies who will make make $144 billion in profits this year, i just simply think don't need it in order to be able to achieve what the marketplace has allowed them to do, and i'm happy for them. i'm happy for all their stockholders and shareholders and everyone else, but they don't need $21 billion of the taxpayers' money and two breaks. which, by the way, they describe them as these poor oil compani