mr mr chick or as we just heard from and he was saying that he disagrees with the central bank interestingly enough of. what the central bank things unfortunately from my perspective is that the central bank should keep interest rates high you know to to fight inflation. in my view this is not correct because the driving factors for the high inflation are actually none wanted to the reasons the reason we have privation in russia is because we have high food inflation and reason we have high food inflation is because the harvest last year was was very bad. but i mean katie let's put it all in perspective i mean sure two point four percent growth is not quite the same as three point six percent of compare that to what's going on in europe you know negative one percent i'm sure many european countries would love to have these numbers. if you put it like that also unemployment as well as historical lows has something europe. at the moment double digits you look at spain you got twenty five percent going on so yeah bar having said there's lots of things going on here in this country that europe doesn't have to contend with have to outflow we just chatted about just now also infrastructure as well really needs working on roads ports in order to get it up to scratch for big sporting events that are around the corner of course we've got such as well on the way right thought so too with fifty billion dollars it doesn't come cheap you know really and with with infrastructure comes investments as well actually mr tickle for saying to me earlier today about it's all about infrastructure and he said that actually infrastructure in russia is the worst in all of the brics countries so he needs to really focus on that and he was saying all the other general problems as well that we hear a lot about the red tape the corruption making russia more of a nicer environment for foreign people to come and do business with just getting rid of the corruption was his main point to contend with and he also spoke about the twenty eight world cup that will be held here and the need for improving the situation before before printing to contend with year certainly a lot a lot to look forward to now as well thank you very much business ortiz. pilbeam. moving on china's foreign exchange reserves have reached three point four trillion dollars that's roughly the size of germany's economy and that's an indication that money is once again flooding china which is no surprise considering how much money the united states a

mr. reid: i ask unanimous consent that senator too many chick recognized for up to four minutes. following his remarks, that the senator from north dakota, senator heitkamp, be recognized. the presiding officer: without objection. mr. toomey: thank you, mr. president. i thank the majority leader. i feel the need to respond to the comments from the leader about the sequester that has gone into effect. and i want to be very, very clear about this. the flight delays that are occurring, the furloughs among air traffic controllers, the shutting down of air traffic towers is entirely utterly this is a willful choice being made by this administration in order to inflict as disruptive a process as possible on the american public and on our economy all to further a political agenda. and the political agenda is to try to convince the american people that there are no circumstances under which we can ever cut spending at all. now if you question why i say that this is a willful decision on the part of the this administration, i would refer you to legislation that senator inhofe and i offered prior to the beginning of the sequestration. that legislation, as you may recall, mr. president, would have granted to the administration complete flexibility