. >> thank you very much, mr. gary. >> thank you, mr. chairman. thank you for being here. it's interesting that i heard pretty much everybody say that the insurance industry doesn't threaten the system. i'm just curious, are any of you familiar with acronym treo? trio was the one that the u.s. government had passed after 9/11 when it should come as were all going bankrupt and everybody was afraid that they were going to take any economy at that time. did anybody here who now thinks the injured industry somehow doesn't provide a risk, did you come up and tell us that we should not do trea because everything was fine? i don't think he did. >> actually the mortgage insurance companies did, but our business is such a different business. >> so you don't think we should have passed trea? >> that was our position. >> good for you. >> i'm sorry. we got ourselves exempted. i'm sorry. >> i know that. by the question is do you think we should have passed the trea act? does anybody think we should not have i guess is a better question. >> so we should have. and i agree. >> congressman

mr. gary gensler, mr. chairman, welcome back. >> good to be with you. >> let's begin, oil fell almost four bucks today, was it those dreaded speculators and traders? >> larry, speculators have been in markets for years and facilitate hedgers, whether farmers, ranchers, oil producers, the american public discovering prices and hedging risk, it's also appropriate under our statute to make sure no one trader has such a significant concentration in the market that markets become less than fair and orderly. >> you're basically waging war on them. you want to limit their trading. i want to ask you from last year's cftc commission study which kind of exonerated traders saying the big swing in oil was supply and demand there. was a little niche in there reported by today's "wall street journal" editorial page onion trading was outlawed and the cftc said the outlawing of onion trading, the ultimate limitation created more volatile prices. do you worry if you limit the trading you're actually going to make oil price

and the balance of me the peek, mr. gary g. miller for today, and mr. westmoreland of georgia for today. the speaker pro tempore: without objection. the question are granted. the chair will entertain one-minute requests. for what purpose does the gentleman from indiana rise? >> i ask unanimous consent to address the house for one minute and revise and extend my remarks. the speaker pro tempore: the gentleman is recognized for one minute. mr. burton: there have been real tragedies because of the way the economy in general has been handled and how the automobile industry in particular has been handled. i received a letter from a lady named jane denny from what bash, indiana, in my district and she talk -- from wabash, indiana, in my district and she talks about how her family owned a automobile dealership for 25 years, her husband was the service manager, general motors was sending all kinds of equipment and supplies urging, mandating almost that they guy bye that and mandating that they buy a pontiac dealership there and after they bought the pontiac dea

mr. barry. >> he was released early this morning and will have to face the charges in d.c. superior court. >> gary, let's talk about good news. >> i'm sleepy enough i might regret something. let's move on. how about weather? >> good. >> yesterday was good. we know that. got that pressure off of me. now let's move on into sunday. look on the bright side, it won't be hot today. the temperatures will be proaching 80 degrees for a high. 80 might be a stretch. it's cloudy out there now. we'll look at max hd radar and show you right now there is light rain. at least that's what we're tracking. but some of this is probably not touching the ground. in waldorf, rain sneaking up on you and la plata, probably very light there and dale city the same. and down i-95 it does get heavier. back over to max hd true view, the bigger picture. farther down to the south it looks like this is where the heaviest rain will be tracking. we'll get light showers from d.c. down to the south. just so you know, d.c. to the north, up into northern sections of maryland and southern parts of pennsylvania, we should stay primarily

mr. yin paia.i.g. a dividend. nick mace, "nightly business report," chongng. >> pau tomorrow, our friday rket monitor guest is gary motyl chief investment offic at temeton global equity. susie: u.s. homebuilders ar starting to feel better abt the housing mark. the national aociation of homebuilders said today it confidence index ihed up slightly from june to ju. that's due in rt to low interest rates and incenves boosng sales of new single mily homes. july's readi of "17" is the highest since last septemb. but it'still well below "50," which ows market conditions as favorable for sales. paul: meanwhile, home foreclosures are sti hitting record levels, despite the adminstratn's $75 billion plan to help homeownerst risk. over the last six months, e in 84 households got a reclosure- reted notice, a 15% rise from last year. that's accordingo foreclosure listing service alty-trac. >> susie: wi the failure of sml business lende c.i.t. group on thhorizon, many people are wondering y talks for additional feder helpailed. tonight's "twoays to play" has two takeon whether c.i.t. is too small to save. here's kev depew of "mi

mr. yin pd a.i.g. a dividend. nick mkie, "nightly business report," choqing. >> pl: tomorrow, our friday market monitor guest is gary motyl chief investment offer at tpleton global equity. >> susie: u.s. homebuilders e starting to feel better out the housing maet. the nationalssociation of homebuilders said today s confidence indexnched up slightly from june to ly. that's due ipart to low interest rates and inctives boting sales of new single family homes. july's reang of "17" is the highest since last septeer. but it's sti well below "50," which showmarket conditions as favorable for sales. >> pl: meanwhile, home foreclosures are still hting cord levels, despite the adminstration'$75 billion plan to help homeowners at sk. er the last six months, one 84 households got a foreosure- relatenotice, a 15% rise from last year. that's according to reclosure listing service real-trac. >> susie: with t failure of small business lender c.i.t. group on the hozon, ny people are wondering why lks for additional federal help faid. tonight's "two wayto play" has two takes onhether c.i.t. is too small to save. here's kevin dew of "

gary, indiana, and california, but whatever. to bethany marshall. what about it? >> well, mr. hit them with a belt when they didn't clean their room. that's not discipline. that's abuse. i think there was a culture of violence in the family from what mr. myron is saying. and i agree with richard herman. i don't think that the induction of the addiction was with the incident of the hair catching on fire. i think it was all the abuse that made him disregulated and traumatized and unable to self-soothe without drugs. >> so ian drew, senior editor "us weekly" magazine, ian, back to the topic. >> yeah. >> when will we get some sort of resolution on the murder investigation? >> well, we're hoping in two weeks or less. that's the deadline we've been given. and we'll see because there's going to be more and more coming out of that, obviously. ♪ dirt in my eye ♪ my baby it don't matter if you're black or white ♪ ññño i'm sorry. i can't hear you very well. announcer: does someone you know have trouble hearing on the phone? dad. dad, let me help you with that, okay? announcer: now,

gary, indiana, and california, but whatever. to bethany marshall. what about it? >> well, mr.d he hit them with a belt when they didn't clean their room. that's not discipline, that's abu abuse. i agree with mr. herman. i don't think the inception of the addiction was with the incident of the hair catching on fire. i think it was all the abuse that made him disregulated and traum taz tooized and una able to self-soothe without drugs. >> back to the topic, when will we get some sort of resolution on the murder investigation? >> we're hoping in two weeks or less. that's the deadline we've been given. and we'll see. because there's going to be more and more coming out of that obviously. >> did you know the billings were going to die? >> investigators found key evidence in the killing of byrd and melanie billings. >> this was the vehicle billings was riding in when she came to visit with investigators. >> apparently was parked near the mansion before the robbery happened. >> the latest in the double murders of this beautiful couple leaving 16 children orphaned, to ed lavandera at

lineage have to do with anything, if jackson was raised in gary, indiana and california, but, you know, whatever. to bethany marshall, what about it? >> mrid he hit them with a belt when they didn't clean their home. that is not discipline. that's abuse. i think there is a culture of abuse and i agree with richard herman. i don't think the inception of the diction was with the incident of the hair catching on fire. think it was all the abuse that made him disregulated and unable to soothe without drugs. >> ian drew, back to the topic. when will we get some sort of resolution on the murder investigation? >> well, we're hoping in two weeks or less. that's the deadline we've been given and we'll see because there's more and more coming out of that obviously. ♪ dirt in my eye ♪ my baby it don't matter if you're black or white ♪ >>> the latest in the double murders. to ed lavendera at the sheriff's office, pensacola, florida. what is the latest? >> reporter: well, we understand that authorities here are saying that they are approaching the end of their investigation. we've had a lot of interesting details come out throughout the day. the late

gary triano. the day he was flown to tuscon, his horoscope read, this is a tricky period in which it becomes necessary to focus on reality. lupita murillo was there to greet him. >> so, mr feel tbe back in tuscon, sir? >> well, not too good. i'd rather not be. >> did you kill gary triano, sir? did you place that bomb? >> no, of course not. >> where's pamela phillips, is she your accomplice? >> reporter: where was pam phillips? ron young was about to face justice, but pam may have o outsmarted everyone. coming up, did the astrologer see what was coming? >> she committed conspiracy to commit first-degree murder. >> reporter: but will she, when "star-crossed" continues. how about a swim? i'm a little irregular today. don't you eat activia? for my little issues? they're not that bad. summer's no time to put up with even occasional digestive problems. believe me, once they go away, it's amazing how good you feel. announcer: activia is clinically proven to help regulate your digestive system in two weeks. summer's a wastin'... take the activia challenge now. it works, or it's free. ♪ activia ♪ did you just... what? yeah, you did. yeah. check this out. (female narrator) pantie

gary, indiana, and california, but whatever. to bethany marshall. what about it? >> marshall, what about it? >> mr.hem with the belt when they didn't clean their room. that's not discipline. that's a a buice. i think there's a culture of violence. i don't think the inception of the addiction was with the incident of the hair catching on fire. i think it was all the abuse that made him disregulated and traumatized and unable to self-soothe without drugs. >> ian, back to the topic. >> yes. >> when will we get some sort of resolution on the murder investigation? >> well we're hoping in two weeks or less. that's the deadline we've been given. and we'll see, because there's going to be more and more coming out of this obviously. >>> pal lalong wiggins has been charged with accessory after the fact. >> they're not saying what her role is, if they found something at her house. >> a lot of wild rumors float around especially about any investigation as complex as this one involving all the players that it involves. >> pam larks you're charged with accessory to murder after the fact. >> investigators believe

mr. figgins off base. that's not an easy task to do. he can run with the best of them if he gets on. >> gary: he creates a lot of options for mike scioscias the 2-1 delivery. strike on the inside corner. he jacknifed away and didn't like that call. figgins will discuss that with the home plate umpire. >> jim: you would think -- he is in a direct line when we talk about paul emmell, right on that inside corner, again, if you're going to stand there, it is very difficult to get anaccurate call on the outside corner and there have been some close pitches that i think some of the pitchers and hitters disagreed with tonight. >> gary: it goes to 3-2. the potential tying run did get on with one away in the 6th inning and was stranded. that one is hit high and deep and foul down the right field line. the count will stay at 3 balls and 2 strikes from baez. >> jim: i mean, when i pitched, i hated to get 3-2 to a guy like figgins because if you walk him, you know it's most likely going to be a double. >> gary: that one is going to be to left field. luke scott not going to be able to make the play. he was playing in. that ball found a hole and the l

gary. 11 people living in four rooms. and from there to the top of the heap. >> the quintessential american story, from the bottom to the top. >> joe was working as a crane operator. mrs. jackson cooking for the 11 of them. she made michael -- she made all of their uniforms -- >> seamstress -- >> came out of there -- without a child going to jail and great discipline. everything we said -- gary is where it all starts and it must be put into real perspective as the great american story. >> thomas mesereau, as you watch all of this unfold, what do you want people to know about michael jackson? we're hearing a lot about, he did this, he was that. i have to remind people that he was acquitted, for one, and he settled out of court. who knows why he did that. maybe he just wanted to get it out of the way. >> that's absolutely why he did it. he told me that was the reason. his business advisers told him, pay money, get rid of this, you want it behind you, let's move forward. he didn't want to bother with an o.j.-type proceeding. he said that himself. sfarls the calls i defended him in, the media was salivating over the conviction. during the week the jury deliberated, they s

mr. barry should have never taken place. >> reporter: barry has long maintained park police have had it in for him and have unfairly treated him. he meets with reporters tomorrow. >> gary neurenberg. thank you for that. >>> police announced today indeed it was a case of murder- suicide of steve mcnair. they believe his girlfriend shot and killed him in his sleep. meantime, several dozen fans showed up at the home of the titans to honor steve mcnair. many wrote their condolences to that will be presented to his family. he leaves behind a wife and four boys. >>> brett haber will have more on the mind set of the woman who pulled the trigger. he has newly released video of her encounter with police. >>> controversy over metro drivers caught texting on the job. >>> a youtube video surfaced of a bus operator texting. the video was posted yesterday and metro says at the moment it has no way to identify that driver. metro previously suspended a train operator for a week after video of him texting was posted. that incident happened before the deadly train collision last month. proof of the power of explosives. but these just aren't any old bombs they are bombs that the governme

mr. dole is 85 years old. >>> a memorial for michael jackson turned into a celebration of his life and hometown in gary, indianalast night. thousands of people gathered to sing h songs and dance to his music as they remembered michael jackson and gary as the place where the king of pop got his start. >> this is where he came from. >> the world. >> reporter: thousands packed the u.s. steel yard stadium to pay tribute to gary's own michael jackson. it's the place where a kid became a king. >> i think he's here. >> means a lot just to say good-bye to him to see where he started out. >> i'm very honored to see people from all over come here. >> this is the closest thing that he with could do. we love michael and we're here for him, really. >> reporter: to get everyone involve in this memorial, a souvenir ticket, a white glove to wear on the right hand and invited to sign the memorial wall in memory of michael. >> i grew up with him. i wanted to be here. we couldn't go to l.a., we came up here. >> reporter: this was more than a memorial, it was a celebration of jackson's life. fans dancing in the dugout. gloved hand

mr. armstrong said. and this is from one of the flight directors and his name is gary griffin. when we finished the apollo program, jack schmitt had a for themship at caltech. he had a little money left and he pulled together 25 or 30 people that had all worked on apollo. we went out to caltech and spent about three days to talk about what we had done, why did we do it and craft was there and armstrong and conrad and schmitt and it was a great experience and we all had our ideas and the cold war was a piece of that but armstrong did something very interesting. he was up in cincinnati teaching engineering and you got up at the blackboard and drew a series of curves and he had one of them titled leadership and one titled threat and one good economy, he had one of them peace or world peace or something like that, and he said my theory is that when all of these curves are in conjunction, when they all line up together you can do something like apollo. apollo or something like it will happen and we happen to be ready with all of those curves lined up. so what i hope is all of you wi

mr. schilling, what's your rebuttal. >> i would argue the recession is in the process of end k, i would agree with gary we won't have robust growth because the consumer and financial system is de-lever averaging, we're impressed how quickly the sa savings rate has moved up and won't be long before consumers are spending out of their incomes, won't get us out of robust growth but out ofs the negative gdp numbers. >> what about business?s? out look for business, i hold this old 19th century economic view it is businesses that create jobs that allow for consumer spending. >> no question businesses have the flexibility, more than they have in most recessions despite how teach this one is. we all know the balance sheet of many of these companies outside the financial sector have held up pretty. we had good free cash flow coming into this, many companies still enjoying positive free cash flow. you're right, that does give them flexibility when they have some more confidence and that will take some more time to spend mother and hire some workers. >> mr. schilling, where are you on the business situation? >> business is reflecting

mr. speaker. i rise in honor of today's guest chaplain, pastor gary hashley. he's joining us today from my hometown of gering where he served the congregation at calvary memorial church. he graduated from the grand rapids school of the bible and music. he served in kalamazoo, michigan before settling in nebraska. it's an honor to be here today. for 30 years pastor hashley's service has had a profound impact on his community. he's led efforts to feed the poor, to spread his faith to those in need and has even been active for loke -- with local councils. i thank him for his service to our community and for his words of faith this morning. i yield back. the speaker pro tempore: the chair will entertain up to 15 requests for one-minute speeches on each side of the aisle. for what purpose does the gentleman from ohio rise? mr. kucinich: i request permission to address the house for one minute. the speaker pro tempore: without objection. mr. kucinich: thank you. americans want quality affordable health care. 50 million americans are uninsured. h.r. 3200 will still l

and ranking member elian yab ros-lehtinen, and subcommittee chairs, gary ackerman, robert wexler, donald payne, bill delahunt, and mr. faleomavaega. as well as ranking members chris smith and dana rohrabacher, who all supported this resolution and demonstrated the pivotal political importance of positive partnerships with north africa and the middle east. mr. speaker, it's also my pleasure to welcome representatives of these states to washington, d.c., for the commission on security and cooperation in europe's mediterranean partners. as i speak, a reception is ongoing being hosted by the speaker of the house for these members who are here for this seminar. i thank our speaker as well. high level delegation from all over the mediterranean partner countries are participating in this seminar, along with the president of the osce parliamentary assembly, representatives of the greek chairmanship of the osce in office, and other osce participating states, including, chris, can stick stand -- cassic stand has representatives here. mr. speaker, for the past several years i served as parliamentary assembly special representa

mr. mack and you know i am always open to-- because we have seven gary excellent panelists and i want tor from them i'm going to restrict the opening statements to two minutes for each person and we will go down the line and i will start with mr. meeks. >> thank you mr. chairman. i will try to do it in two minutes. first of all i think we have come a long way in the united states from where we were in 2002 where there was a coup d'etat in venezuela and within 48 hours we supported the coup d'etat government. we have got to make those improvements and i think we have made that with this administration. we clearly cannot turn back the hands of times are ahead the opportunity to talk to several heads of states including president area isoo said we could not allow coup d'etat cosson this is the government of other areas to try to figure out that we make sure we don't turn back the hands of time and that is what this is about so i am as nervous as the chairman is that the hands of time do not turn back. whether mr. zelaya has done whatever he has done i don't believe that the military has the

mr. mack and you know i am always open to-- because we have seven gary excellent panelists and i want tor from them i'm going to restrict the opening statements to two minutes for each person and we will go down the line and i will start with mr. meeks. >> thank you mr. chairman. i will try to do it in two minutes. first of all i think we have come a long way in the united states from where we were in 2002 where there was a coup d'etat in venezuela and within 48 hours we supported the coup d'etat government. we have got to make those improvements and i think we have made that with this administration. we clearly cannot turn back the hands of times are ahead the opportunity to talk to several heads of states including president area isoo said we could not allow coup d'etat cosson this is the government of other areas to try to figure out that we make sure we don't turn back the hands of time and that is what this is about so i am as nervous as the chairman is that the hands of time do not turn back. whether mr. zelaya has done whatever he has done i don't believe that the military has the

schakowsky, congressman gary peters, and certainly congressman frank wolf thank you for your leadership and for your attention to this issue that matters to so many. god bless you. mrs. lowey: and i thank the gentlewoman's time has expired. ms. eshoo: i yield back. the chair: the gentleman from illinois. mr. kirk: i'd like to yield two minutes to the distinguished minority whip, mr. cantor. the chair: the gentleman is recognized for two minutes. mr. cantor: i thank the gentleman. mr. speaker, the legislation before us provides $2.22 billion worth of vital security assistance to the state of israel, our most dependable ally in the middle east. the funding in this bill will help ensure israel maintains its qualitative military advantage in the region. that means israel can defend itself against the threat posed by iran and against iranian terrorist proxies, hamas and hezbollah, both sworn to israel's destruction. a strong israel means a more stable middle east. a weakened israel only gives momentum to the radicals in the region determined to harm u.s. interests. joint cooperation with israel has also yielded tangible benefits to america since israel is a leader in met