mr. garrett's point mr. of one of the things that i think the american people don't quite relate to when the president is speaking and even spectf respectfully to your opening o statement is the fact that i don't think the american people at the think that the situation is that great. i think the polls show it. more importantly in our think districts, i think people p are frankly concerned. they're concerned about how th their familiesei are doing, how their income has not been rising. thi so i thinknk the credibility gap cre that exists between what is sometimes said by the president as t as to the situation in the country and reality frankly rath is -- is rather large.w, a c now, a couple things i've heard d thi today. and this is-- -- these are things wa that by the y,way, when i go home,e. people frankly are in awe. when they hear that if government takes less of their money, that that equates to government spending is something that does not gel with real life. in other words, all these government expen

mrs. garrett had a tear of her medial meniscus. >> reporter: this doctor was able to do arthroscopic surgerya will be as good as new. >> she's do well. she had some arthritis but a good-looking knee overall. >> reporter: as for garrett herself, she says she's a little sore but also looking forward to getting back in the game. >> i feel like i can catch up. just a minor set back. a hiccup. >> reporter: dr. sanjay gupta, cnn, reporting. alright, so this tylenol arthritis lasts 8 hours but aleve can last 12 hours. and aleve is proven to work better on pain than tylenol arthritis. so why am i still thinking about this? how are ya? good. aleve. proven better on pain. [ male announcer ] legalzoom has helped start over 1 million businesses. if you have a business idea, we have a personalized legal solution that's right for you. with easy step-by-step guidance, we're here to help you turn your dream into a reality. start your business today with legalzoom. it's happening. today, more and more people with type 2 diabetes are learning about long-acting levemir® an injectable insulin that can give you

mr. garrett and i have central letter with regard to the gses lobbying. and this is sent on december 11 and we haven't received a response from you yet. if you received that letter? >> yes, sir, i did. >> can we respect that they can we expect space i thought you all would say we were doing it just in response to the hearing. we take every inquiries we get seriously and would try to go and get to the bottom of what of whatever speed is are you going -- are you going to continue to bet on gses lobbying? we continue the ban on gse lobbing? >> yes. we actually are continued the ban on gse lobbing. >> tranthank you, mr. chairman. welcome back director watt. how is the family? >> the family is good. >> good, good. thank you. >> we hope it's going to grow. >> thank you for being here. although there are operational costs involved in requiring the gses to update the credit scoring model that they used in their cellar service guidelines, the gses are still using the fight go classic model in their service or guidelines, despite the fact that newer versions of fig

mr. garrett's point of one of the things that i think the american people don't quite relate to when the president is speaking and even respectfully to your opening statement is the fact that i don't think the american people think that the situation is that great. i think the polls show -- but more importantly than polls is in our districts. i think people are, frankly, concerned. they're concerned about how their families are doing and how their income has not been rising. so i think the credibility gap that exists between what is sometimes said by the president as to the simpluation, the country and reality frankly is rather large. now, a couple things that i've heard today. that -- and this is -- these are things that, by the way, when i go home, people, frankly, are in awe. they their jaw drops. when they hear that if government takes less of their money that that equates to government spending is something that does not guilty gel with real life. in other words all of these government expenditures in some of the graphs that we show today are because we're not taking their money so

mr. garrett from our capital markets subcommittee. >> thank you.ow up on the chair's issues, the so-called independence of the fed. there has been a lot of press focused on this issue probably cuts of the like it -- likelihood of the audit to moving on to congress. the main criticism by you and folks over at the fed has been this legislation has somehow subject the fed to inappropriate political gestures and forcing them to make decisions on political grounds. you just said yesterday, the fed is a bill that would politicize monetary policy. you would bring short-term political pressure to bear on the fed. in theory having the fed simply implement monetary changes based on facts, it sounds appealing. in practice, it is not anywhere close to what happened that the fed. the chair just gave one example. let me run through seven examples or more by you in the fed which clearly indicate the fed is already acting in making decisions clearly on a partisan clinical basis. you mentioned one about the fact we had weekly meetings with the department of fed. an

mr. garrett. mr. garrett: thank you. i appreciate the gentleman leading tonight's discussion on the floor. and as we do so, we think about the people back at home and across this nation. you know, mr. speaker americans are hurting. americans are hurting because they're out of work. americans are hurting because they lost jobs. they find they can't find new jobs. families are hurting because of this. families, mr. speaker are also hurting because they're waiting for other fellow family members to be able to join them here in this country through the legal immigration process. they're patiently going through all the processes that we have set up in this country to process it and they're hurting as they wait for their family members to join them. we come here to the floor today as members of congress, we understand that this government has to ensure that everyone plays by the rules, including this administration. as members of congress, we're obligated to uphold the constitution and that is exactly what this house has done

mr. garrett, for two minutes. >> thank you mr. chairman for convening today's very important hearing. thank you dr. watt also for being here and your testimony as well. i would like to begin today's hearing by commending chairman hen seng ling and the gsc were at the heart and center of the testimony crisis and the political issues to overcome are immense and i do believe that reforming the broken market place must remain a priority of this committee in the 114th congress so i'm heartened by the engagement on both sides of the aisle with a number of specific legislative proposaled by the chairman, the ranking member and mr. lany as well. the proposals in the bipartisan bills provide a foundation in which do continue negotiations in congress and hopefully reach bipartisan consensus on a package. dr. watt you have been quoted saying that the gsc should be left up to congress and the fhfa should not interfere. and i appreciate your loyalty to the body you once served but any changes you make as director will impact, positively or negatively, there is no way to change that. and i hope you

mr. garrett and i had sent you a letter in regard to the gse's lobbying. and you -- this was sent on december 11th and we haven't received a response from you yet. did you receive the letter? >> yes we did. >> can we expect a response? >> yes, sir. you can. you might have gotten it yesterday but i thought you all would say we were doing it just in response to the hearing. we take every inquiry we get seriously and we try to go and get to the bottom of what -- of whatever charges. but we will respond. >> are you going to continue the ban on gse lobbying? >> yes. absolutely will continue the ban. >> thank you. i yield back. >> the time of the gentleman has expired. the chair now recognizes the gentleman from missouri mr. clay ranking member of the financial subcommittee. >> thank you mr. chairman. and welcome back director watt. how is the family? >> the family is good. >> good. >> we hope it's going to grow. >> thank you for being here. although there are operational costs involved in requiring the gse's to update the credit scoring model that they use in t

mr. garrett and i sent you a letter in regard to the gse's lobbying. and you, this was sent on december 11th. and we haven't received a response from you yet, did you receive that letter? >> yes, we did. >> can we expect a response? >> yes you can. you might have gotten it yesterday, but i thought y'all would say we were doing it just in response to the hearing. >> we probably would've. >> we're -- we take every inquiry we get seriously. and we try to go and get to the bottom of what, whatever charges -- >> are you going to continue the ban on gse lobbying? >> beg your pardon? >> are you going to continue the ban on gse lobbying? >> yes absolutely, we're continuing the ban on gse lobbying. >> yield back. >> the chair now recognizes the gentleman from missouri, mr. clay, ranking member of the financial institution subcommittee. >> thank you mr. chairman. and welcome back, director watt. how is the family? >> the family is good. >> good. good. thank you. >> thank you for being here. although there are operational costs involved in requiring the gses to u

mr. buford make a sound as though he was attempting to breathe. >> breathe, buddy! come on! >> garrette 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. >> steven lloyd is a 46-year-old

mr. obama met with the german chancellor today who has been shuttling from ukraine to moscow to washington to try to find a way out. here's chief white house correspondent major garrett. >> reporter: president obama and german chancellor angela merkel agreed to give diplomacy one more chance. possibly the last to end russia's broody proxy war in eastern ukraine. the president is considering whether to send lethal weapons to outgun ukrainian forces. >> i have not made a decision about that yet. it's not based on the idea that ukraine could defeat a russian army that was determined. it is rather to see whether or not there are additional things we can do to help ukraine bolster its defenses in the face of separatist aggression. >> reporter: russian armed separatists are pounding civilian targets inflicting carnage and sewing desperation. as liz palmer has reported from the front line, russia appears bent on carving up more of the former soviet republic, ignoring western demands for a ceasefire. >> unfortunately russia has made a decision that i think is bad for them strategically, bad for europe urge bad for the world. in the face of this aggression and these bad decis