mr. garrett: thank you. i only do so because the gentleman failed to yield to me as he indicated he would. the gentleman first begins his comments by attacking my motives in this matter, saying that i do not care about, for lines such as metro or the people it serves. i would ask the gentleman who is not paying any attention to me, exactly what is it in my statement that would say i don't care about the people that it serves? because do i care about them, as much as i care about the subway system, the me row system -- metro system, in my metro area such as new york city or down in newark, new jersey. i care about them as well. but when i go back and i talk to those people who use those services, whether they be residents of new jersey or residents of new york or maybe they're residents of virginia from your neck of the woods up here who come to visit the financial capital of the world, new york city, or the garden state of new jersey, who want to use our metro systems, they ask me why it is that d.c. gets a

it is that so why is this ok mr garrett the first thirty seconds could it be allowed to on the program go ahead. well i think the point that i want to make here is simply that. the enemy of of change the kind of change that name is talking about and that clearly is is going to be needed no long run is anything that involves the use of force which invites of course destabilisation violence and frustrates precisely the kind of change that we all want all right on that note thank you very much gentlemen many thanks today to my. yes in washington and in beirut and thanks to our viewers for watching us here are to see you next time and remember. this journey is not about seeing the world. it's a mission that i could to myself the project won't succeed if i stay in the same place all the time. i've been travelling around the world for twenty days so far in all the time i haven't spent any money at all the main idea of the project is of the artist paints people's portraits in return for some kids. we have to get used to each other i think is a little disappointed about the bus a thing because

mr. garrett of new jersey. the chair: pursuant to house resolution 303, the gentleman from new jersey, and a member opposed will each control five minutes. the chair recognizes the gentleman from new jersey. mr. garrett: i thank chairman kline on his legislation today and the entire issue that is before congress today. he has three notable goals. restoring local control, reducing the local footprint and empowering parents as well and has succeeded in crafting a bill. for too long now, all across his nation, parents, teachers, administrators, the people that are closest and most directly responsible for are students have spent their time fighting federal education mandates rather than focusing on teaching our students. growing federal intrusion into the education system has been an unmitigated failure which has t improved students' achievement. i have worked with the chairman to include language to clarify that states are not required to accept federal funds and federal mandates that are tied to them and engage

mr. garrett.irst of all, what have you been telling your members in the wake of what happened last thursday? >> well, essentially what we have said to our members is, number one, that we are going to fight the bankruptcy in regards that it is illegal that the state of michigan assures public sector workers that their pensions that have been invested cannot be touched by anyone. what we got is an unlawful governor who actually waived his constitutional obligation to protect those pensions. you may well know we are in court fighting that very issue. >> some retired city workers, a lot of retired city workers didn't pay into social security. they rely on the pension we are talking about and the governor and others have expressed some concern but they say it's necessary. what are the alternatives to reducing pensions in detroit? >> it ought not be a question of reducing pensions. it ought to be how do we get our hands around the financial obligations of the city of detroit. one of the things that we h

mr. garrett. >> i thank the chairman, i thank the chairman for our back and forth that we've had over the years. so in two minutes, met me just run through a couple questions, if i may. right now with the balance sheet, as everyone's pointed out, at $3 trillion, i guess you stand as the world's largest bond fund manager. we've seen recently since early may a one percentage point spike in long-term treasuries, right? if the fed were to mark-to-market, can you tell us what the change in value of that fund is? >> it takes us from $150 billion unrealized capital gain close to even. >> 150 to 800. and i think -- can you also then give us a rule of thumb going forward, because we've already heard projections as to increases today, tomorrow or stay in the future as far as inflation, but if you do see further increases in that maybe as a rule of thumb, illustrate a relationship between d on the ten-year treasury rates and the values of the bond fund. for example, what would the magnitude of losses be for every percentage point increase in long-term yield? >> i don't have a rule of thumb. i'd refe

mr. garrett: i thank the gentleman from georgia. the president's unilateral refusal toimplement obamacare's employer mandate for one year prints us with a question. can the president suspend a law that was enacted by congress and signed into law by that president? on this question, the constitution and the principles of this republic could not be clearer. no. nswer is an emphatic he cannot. article two, section three, it's called the take care clause of the constitution, potions a -- poses a duty upon the president to execute the laws of the land, regardless of the difficulty of enforcement or his displeasure of the law. ot only has this president refused to enforce the law, but he's effectively rewritten the law, violating the separation of powers and infringing upon the exclusive right of this legislative body of this congress. the executive branch has no constitutional right to write a law or rewrite the law. so by refusing to enforce and effectively rewritten it, the president has set a dangerous precedent. under which laws enac

mr. garrett, had been postponed and the bell had been read through page 50, line 6. the clerk will read. the clerk: page 50, line 7. administrative provisions, federal transit administration. section 160, limitations on only fwation for the programs of -- on obligations for the programs of the federal transit administration shall not apply. section 161, funds appropriated under the federal transit administration's discretionary program shall be directed to projects eligible. section 162, funds appropriated before october 1, 2012, that remain available, may be transferred. section 163 of the funds for the discretionary bus and bus facilities program, $88,047,709 shall be rescinded. section 164. for purposes of applying the project justification and local financial commitment criteria to a new starts project, the secretary may consider the cost of any project in which private parties are making significant financial contributions to the construction of the connected projects. section 165. none of the funds shall be used to enter into a full funding grant agreement. sec

mr. buford make a sound as though he was attempting to breathe. >> breathe, buddy! come on! >> garrettls out for a life buoy he can use to brace buford as he brings him to shore. >> i need a brig! >> but authorities don't seem to understand. >> i gave him a second look and i noticed that now his lips were getting blue and i knew at that point it's -- you have to make a decision. >> this is a very difficult decision for couples to make. to prevent the spread of aids and other diseases, modern rescue crews carry plastic equipment so they can give emergency breathing without direct mouth-to-mouth contact, part of what's called universal precautions. >> i knew that it was probably going to be a couple minutes before i could get him to shore. i didn't think that he had a chance unless i -- >> he's trying to give him mouth to mouth. >> that boy is good. >> now finally, help is on the way. but it's not a policeman or fireman. like garrett, it's just another person who was out in the park that day. >> when he went under water, the clock's ticking instantly. and that's why i went in the water.

mr. fincher: i want to thank chairman jeb hensarling, chairman lucas and congressman garrett for helping me bring h.r. 1341 to the floor today. i'm pleased we're considering h.r. 1341, the financial competitive act of 2013. mr. scott and i have worked in a bipartisan manner to move this measure forward to ensure america remains competitive in the global marketplace. we need folks around the world to know that america is open for opportunity, upward mobility. this country we promote jobs. i introduced the financial competitive act with my friend, mr. scott, for one reason, to ensure the law of unintended consequences does not place america at a disadvantage globally. our bill simply requires financial stability oversight committee to conduct the study of the impacts implementing the credit valuation adjustment capital requirement, or c.v.a., will have on end users and u.s. financial institutions. this study is in response to the recent bossle 3 accord which is a global regulatory standard for capital requirement for banks. unfortunately they decided to exempt their own european banks for p

mr. obama is under pressure to counter investments from china, brazil and india and as such announced a $16 billion program to bring electricity to 80% of the continent. >> jeff: major garrett, thank you. in egypt widespread demonstrations are taking place against president morsi on the anniversary of his inauguration. the biggest protest by far is in tahrir square in cairo. and clarissa ward is there. >> reporter: cairo was a city on edge today as hundreds of thousands of frustrated egyptians took to the streets, fed up with a president they blame for the country's economic woes and a breakdown in law and order. >> reem, a 38-year-old teacher accused president morsi of putting his islamist agenda ahead of the needs of the egyptian people. >> this is the people's will, not morsi's will. >> reporter: you think it's worth fighting for. >> egypt is worth fighting for. >> reporter: a couple of miles away president morsi's supporters were also prepared to fight. hamid, an engineer told does was his duty to protect the presidency. no, we're not preparing for violence but we're ready to defend ourselves, he told us. this is a piece of wood, not a gun. >> reporter: morsi's supporte

months since mr morsi has been in power or our influence there has waned a great deal so while i agree it's very convoluted and i just i don't think the united states is calling the shots ok garrett jump in this is crosstalk go ahead let me just respond to that very quickly you know the problem is that the united states government. the obama administration. really from the beginning was very clear that they were supporting what the egyptian military was doing they've been shucking and jiving ever since the beginning of this crisis and as a good conservative i would think that that steve would would be saying yes it's time for this administration to follow the law rug. to hide behind this false hood. that this was somehow something other than a coup d'etat i mean that's simply not an acceptable way for the united states to proceed and it's really time for conservatives to get on board with the rule of law in this country rather than to support a democratic administration that is really not being honest with the american people named you want to jump in and respond to what we have heard here go ahead. when the united states could not overlook what has been taking place in egypt ove

mr. chief justice. we quoted our -- we quoted the garrett concurrence in our brief, and i think there is a lot of wisdom there, that it may well not have been animus or hostility. it may well have been what garrett described as the simple want of careful reflection or an instinctive response to a class of people or a group of people who we perceive as alien or other. but whatever the explanation, whether it's animus, whether it's that -- more subtle, more unthinking, more reflective kind of discrimination, section 3 is discrimination. and i think it's time for the court to recognize that this discrimination, excluding lawfully married gay and lesbian couples from federal benefits, cannot be reconciled with our fundamental commitment to equal treatment under law. this is discrimination in its most very basic aspect, and the house report, whether -- and i certainly would not suggest that it was universally motivated by something other than goodwill -- but the reality is that it was an expression of moral disapproval of exactly the kind that this court said in lawrence would not justify the law that was st

garrett thister. oot oot. [ laughter ] >> i was close. close on that. >> jimmy: yeah, yeah. leonard juxtone. and your teacher, tommy llama. >> that was his name! that was his name! mry llama! [ audience clapping along ] [ chanting ] tommy llama! [ audience clapping along ] >> jimmy: well, that's all the time we have here on "name that guy." guys, come back over here, you guys. ♪ this is charlie day. you have all finished tied for last place with zero points. so you all miss out on the grand prize of $15,000. but we do have consolation prizes. what will they be taking home? ♪ >> steve: well, jimmy, they'll each be getting a t-shirt emblazoned with the name of the guy they failed to correctly identify. wear his name in style. jimmy? >> jimmy: oh, there you go. beautiful. very, very good. thank you very much for bringing those shirts. how you doing, buddy? everything good? >> i brought my penguin to work today. but i just found out bring your penguin to work day is tomorrow. [ light laughter ] >> jimmy: all right, very good. >> hey, what are your thoughts on greek yogurt? because i think it's delicious. >> jimmy: hey, we had a great time here. enjoy those prizes. than