mr. levin: additional 30 seconds. the speaker pro tempore: the gentleman is recognized for 30 seconds. mr. doggett: mr. speaker, our goal, rather than arguing over whether the states have all the flexibility they need, ought to be how can we for the taxpayer and for poor americans get more of them into the work force and today's bill contributes little to that process. i yield back. the speaker pro tempore: the gentleman yields back. the gentleman from michigan, mr. levin, reserves. the gentleman from michigan, mr. camp, is recognized. mr. camp: waiving the work requirement isn't going to get more people into work. with that i would yield two minutes to a distinguished member of the ways and means committee, the gentleman from new york, mr. reid. the speaker pro tempore: the gentleman from new york is recognized for two minutes. mr. reed: thank you, mr. speaker. and thank you, mr. chairman, for the opportunity to rise in support for this proposal -- proposed legislation before us today. you know, i'm standing here, sit

mr. levin: mr. president, first i want to commend senator murray and the budget committee for the plan that they've presented to us. it really represents an enormous step forward on an issue of huge significance to american taxpayers. it's a step towards balanced deficit reduction. an important part of balanced deficit reduction is reducing the deficit without severely damaging important protections for and investments in american families and one way to do that is ending unjustified tax loopholes and ending the damage they have inflicted on our budget. senator murray's summary of the foundation for growth, the budget plan before us, refers to "the sheer magnitude of the revenues lost to offshore tax abuse, wasteful and inefficient loopholes, and other business tax breaks." now, many senators have focused on this issue over the months and the years, a number of them will i expect be joining me on the floor over the next few minutes. for many years as chairman of the permanent 13450e subcommittee on

mr. levin: this republican budget is tone deaf. the result of blind ideology. but you know, i've been listening to what's been said so far today, and the republicans say but they don't say how. we've just heard, we know we can do it but you don't say how. so what we come up with on the republican side is a mirage and i think a dangerous one. let me give you an example talking about their proposals on taxes. under their budget, the top rate is to be reduced from 39.6% to 25%. the a.m.t. will be repealed. the corporate tax rate will be cut from 35% to 25%. but you don't find one sill bell in the republican budget on how these tax cuts will be paid for. . they don't identify a single tax policy that will end. the republican budget would mean a huge tax cut for the very wealthy, several $100,000 a year and leave a nearly $6 trillion hole in the deficit that would lead to tax increases for middle-income families. that isn't balance. that is total imbalance. at the same time, republicans propose cutting $3.3 trillion from programs for people with low and moderate inc

mr. levin: mr. president, i'd ask unanimous consent that further proceedings under the quorum call be dispensed with. the presiding officer: without objection, so ordered. morning business is closed. under the previous order, the senate will proceed to the consideration of s. resolution 64, which the clerk will report. the clerk: calendar number 20, senate resolution 64, authorizing expenditures by committees of the senate for the period march 1, 2013, through september 30, 2013. mr. levin: mr. president, first i want to thank senator paul, who is going to be offering his amendment, i understand, in a few minutes, for allowing me to go first. and i just want to spend a few minutes speaking in opposition to the paul amendment. i want to talk about the senate national security working group which is the subject, or will be the subject of the paul amendment. this group and its predecessor organization, the senate arms control observer group, served a useful role in helping the senate to fulfill its uni

mr. levin: this republican budget is tone deaf. the result of blind ideology. but you know, i've been listening to what's been said so far today, and the republicans say but they don't say how. we've just heard, we know we can do it but you don't say how. so what we

i know that mr. levin is not a member of the budget committee. but there are great people who are. that's why and perhaps because of that pride that i'm disappointed to hear the ranking member characterize the accomplishment, because that's what it is, the accomplishment of balancing within 10 years as some sort of political goal. you know, families who are trying to put food on the table, associations, neighborhood associations, nonprofits, for-profit businesses, they have to make a budget balance every day, every month, every year. i think should be offended by that characterization. it's not a political goal. you know what's political? never balancing. you know what's political? the immoral idea that we are going to put more on our plate now, add up deficit after deficit and create a bigger and bigger debt and then make people who don't even exist yet pay for it. why is that political? because, you know what, mr. chair? the people in the here and now can vote. generations in the future, our grandkids who don't exist can't vote. and that's what makes the other approaches we have

mr. bronson. >> thank you, chairman levin, members of the committee. my name is doug baustein and i serve as vice chairman of jpmorgan chase. from 2010 to 2012 i served as executive vice president and chief financial officer of jpmorgan. thank you for the opportunity to participate in today's hearing. mr. cavanaugh has made a statement on behalf of the firm. i look forward to answering questions today. >> thank you very much. during our investigation we came across a number examples of the pink giving the occ examiners to hurt time. in 2010 according to the occ e-mail of 2012 been concluded and expand and told you, ms. drew, the cio idiots do a better job documenting risk and investment decisions, you sternly told the occ ever been over intrusive and there was little need because jamie diamond was aware of the investment activities. the record of your reaction to send exhibit 71 at-bats in may may 2012 e-mail when mr. waterhouse committee examiner in charge recounted the 2010 and then it. in the first paragraph, this is what he wrote. fyi come we didn'

mr. president, the first time i met carl levin was over here. i was going to run for the -- i was in the house, going to run for the senate. we met in his office. and the first thing i said is i came to washington a few years ago with your brother. we were elected in the same class. he said, yes, he's my brother but also my best friend. i mean, mr. president, how about that? that's something i have never, ever forgotten. these two brothers, natives of detroit, have done much for the state of michigan. carl levin is true listen an outstanding senator and even a better man. the senior senate from michigan is the longest-serving senator in its state's history. he has dedicated his life serving michigan families long before he was elected to the senate. he served as general counsel to the michigan civil rights commission. he served two terms in the detroit city council, one of them as president of the city council. as a senator, senator levin has consistently advocated for michigan families where that meant supporting the auto industry, protecting l

two officers approached the boy ended up being shot a levin times and was brought to the hospital where he later died now. say that the teenager mr grey pulled out a handgun and pointed it at authorities and that's what caused them to shoot and fire at the teenager subsequently killing him but according to mr gray's friends family and even some witnesses they say that no gun was ever pointed at the plainclothes police officers his family and friends say that the n.y.p.d. is just trying to paint a bad picture of a teenager this of course has angered a lot of residents in the community on monday evening approximately one hundred people were holding a vigil for come on gray when a protest broke out outside of the sixty seventh precinct residents i spoke with around here say that they are all too familiar with teenagers dying as a result of police shootings and gun violence in his neighborhood concerned and police cops shoot. and kill and. injure. veterans when a police force the city says an investigation into the police involved shooting of the teenager is ongoing last year according to reports twenty one new yorkers died as a resu

mr. bacon. >> good morning, chairman levin and ranking member mccain and members of the subcommittee. is ashley bacon and i'm the acting chief risk officer of j.p. morgan. i've been at j.p. morgan for 20 years and have spent six years in the firm's risk management function. i appreciate the opportunity to come before you today as part of your inquiry into the cio synthetic credit portfolio and tell you what i observed after being asked in late april to independently assess the cio trades. let me first start by expressing the entire firm's commitment to the importance of effective risk management and turning to the cio portfolio at issue. at the request of senior firm management i was brought in from the outside of the chief investment office in late april 2012 along with other individuals from the investment bank to lead a team of professionals conducting a detailed assessment of the synthetic credit portfolio. the purpose of that review is to understand the persistent losses being experienced and to help chart the course forward. the team worked long hours and reviewed and reported b

mr. president, the first time i met carl levin was over here when i was in the house, going to run for the senate. we met in his office and the first thing he said as i came to washington a few years ago, he said, he's my brother but also my best friend. mr. president, how about that? that's something i have never ever forgoen. these two brothers, nativesf detroit, have done much for the state of michigan. carl levin is truly an outstanding senator and even a better man. the senior senator from michigan is the longest-serving senator in its state's history. he dedicated his life to michigan families before elected to the senate. he served as general counsel to the civil rights commission and assistt attorney general to the state commission. he served two terms in the detroit city counsel, one as president of the city cowan sefplt as a senator, senator levin consistently advocated for michigan families, whether that meant supporting the auto industry, protecting lake michigan, holding credit card companies accountable or securing funding for our sons and daughters serving in the military. a

brown, reed of rhode island, carper, coons, casey, pryor, nelson, begich, mikulski, murray, levin and manchin. mr. durbin: i move the senate proceed to a period of morning business with minority permitted permitted each. the presiding officer: without objection, so ordered. mr. durbin: i ask that when the senate complete its business, it he a jurn until 10:00 a.m., the journal of proceedings be approved to debate debate and the following any leader remarks the senate resume executive session in consideration of the brennan nomination, further that the senate recess from 12:30 to 2:00 p.m. to allow for caucus meetings. the presiding officer: without objection, so ordered. mr. durbin: if there is no further business to come before the senate i ask that it adjourn under the previous order. the presiding officer: the senate stands adjourned until senate stands adjourned until >> i believe the united states has many fantastic qualities. i believe that many many people have the possibility of pulling themselves up by their bootstraps and i think every year that is less and less probable. but the united

. >> senator levin, welcome. >> thank you, mr. chairman. let me welcome witnesses as well. hurricane cmd incredibly enacted some damage not only where it is the most visible on the east coast but damage in the great lakes as well. destructive forces were so huge that they cause damage to breakwaters and created a silting problem in the great lakes. we already hand created a silting problem in the great lakes. we already had been massive damage on the great lakes. a year and a disaster situation because of drought and low water levels. new record lows hitting more than two feet below average before seeing this problem but the celts and the harbors. this was a drought problem that hurricane sandy was on top of. lake superior is a foot below the long-term average. the army corps predicts all the levels will remain below average and this is a huge problem for those getting in challenge is and those that are unable now to sail. we got apparently seven other great lakes ships come a so-called lakers it doesn't belong to will not be able to sail this summer. the damage of sandy is

mr. perez is not. so they clearly have an ideological divide between the two of them. he went on the mark levin radio show last week and had the following to say about mr. perez. >> totally lawless. this is a man for whom law is a nuisance. he brings the cases, you might remember, against school districts to allow children to dress in drag. he harasses pro-life protesters in florida where a judge awarded $120,000 in sanctions against the justice department. i mean, this is a man who is advancing a radical agenda using his power in the obama administration. >> megyn: and just to follow up, the case against the pro-life protester in florida he's right that sanctions, attorney's fees were awarded because the doj was thought to have overstepped. about the kids dressing in drag, my understanding there was some evidence that the little children were severely persecuted so the civil rights division stepped in on their behalf. so his point is this is a guy pretty far to the left on most issues. whether you like that or don't, the point is that's where he comes from. who else would you expect president

mr. president, the first time i met carl levin was over here when i was in the house, going to run for thesenate. we met in his office and the first thing he said as i came to washington a few years ago, he said, he's my brother but also my best friend. mr. president, how about that? that's something i have never ever forgotten. these two brothers, natives of detroit, have done much for the state of michigan. carl levin is truly an outstanding senator and even a better man. the senior senator from michigan is the longest-serving senator in its state's history. he dedicated his life to michigan families before elected to the senate. he served as general counsel to the civil rights commission and assistant attorney general to the state commission. he served two terms in the detroit city counsel, one as president of the city cowan sefplt as a senator, senator levin consistently advocated for michigan families, whether that meant supporting the auto industry, protecting lake michigan, holding credit card companies accountable or securing funding for our sons and daughters serving in the milita

mr. apology, and you can call and apologize to his hotline. let's levinyou must aenergize, not to the state or to god. it's a way to provide people to apologize for their wrongs without people jeopardizing themselves. it'do not identify yourself. apology is not associated with any police, government, religious, or other organization. when you call, you will be armed with a tape recorder. leave your apology after the tone. >> i'd like to apologize this morning for eating allyson's breakfast without her knowing about it. >> i did know about it. >> does that get you off the phone? >> the idea is to apologize with a human being. >> what do they do with the tape. >> the deeper question is buy does this exist and why do people feel the need to unburden themselves? it's a natural human thing. i think people know they've done things wrong and they need to get it off their chest. >> i do think it's a burden to carry it around. i think you need to go to the person who is the aggrieved party. >> do you feel better about yourself by calling a hotline? >> it's a symbo

mr. ben clay and from the victim of the avenue yang know air base. i'd also like to turn these proceedings over to our chairman, chairman levin. >> madam chairman, thank you for your leadership and holding this hearing. and to all of us those who have joined in this effort, it's a major effort, it's vitally important. i just very much appreciate your recognizing me for a few moments, and i want to thank our colleagues as well who have been here waiting to asks questions, and this will just take a few moments. first of all, mr. taylor, i want to thank you. i wrote you a letter asking you for the legislative history of article 60, and as of, i believe, just today you responded to my letter with your own letter. and included in that letter is a fairly lengthy legislative history which i would ask you, madam chair, to incorporate in the record. >> without objection. >> and then i just have a couple questions for mr. taylor. the legislative history that you provide indicates that the authority of a convening authority under article 60 of the uniform code dates back to 1775. now, at the time that that authority was established, did a service member convicte

mr. ben clay, and -- there's no objection. they will be included in the record of the hearing. i now would like to turn over to chairman levin. >> thank you for your leadership and holding this hear -- holding this hearing and to all of us who have joined in the effort as a major effort. it's a huge initiative, it's vitally important. i just very much appreciate your recognizing me for a few moments. i want to thank our colleagues as well that are here waiting to asking questions. and it will take a few moments. first of all, mr. taylor, i want to thank you. i wrote you a letter asking you for the legislative history of article 60, and as of, i believe, just today you responded to my letter with your own letter, and including in that letter is a fairly lengthy legislative history. i would ask you, madam chairman to incorporate in the record. >> without objection. >> i have a chemical couple of questions for mr. taylor. the legislative history you have provided. the convening authority under article 60 adopted by the continent tap couching in 1775, now at the time that the authority was established, did a servicemember convic

levin andusses defense policy future of afghanistan. we're waiting for the house to votes.for the speaker pro tempore: the house will be in order. for what purpose does the gentlewoman from michigan rise? >> mr. speaker, by direction on the committee of house administration, i present a privileged report to accompany house resolution 113 for filing under the rule. the speaker pro tempore: the clerk will report the title. the clerk: report to accompany house resolution 115, a bill providing for the expenses of certain committees of the house of representatives in the 113th congress. the speaker pro tempore: referred to the house calendar and ordered printed. pursuant to clause 8 of rule 20, proceedings will resume on questions previously postponed. votes will be taken in the following order. agreeing to the speaker's approval of the journal and suspending the rules and agreeing to h. con. res. 18 and h. con. res. 19. the first electronic vote will be conducted as a 15-minute vote. remaining votes will be conducted as five-minute votes. the unfinished business is the question on agreeing to the speaker's approval of the journal on which the yeas and nays were ordered. the question is on agreei

mr. bacon. we will then turned to questions. please proceed. you can keep your microphones on, if you would. >> good morning, chairman levin, ranking member mccain, and members of the subcommittee. ina drew. thank you for the opportunity to meet and discuss with you my perspective on the losses incurred last year in jpmorgan chase's synthetic credit portfolio, one of many portfolios managed by the company's chief investment office (cio) when i was the head of that office. about myike to talk career. i spent over 30 years at jpmorgan and its predecessor institutions in the field of asset liability management did i joined after receiving a degree from johns hopkins university and a master's from columbia university. for the course of my career, i had the privilege of working for a truly great ceo's, such as walter shipley, and jamie dimon. helped build what i believed to be a world-class asset liability management organization. i am very proud of the many successes we had in protecting the bank's balance sheet. offsetting risk, and investing prevent the. i had a wonderful mentor who helped me grow at about might leadership skills, and to them i am

mr. van claycomb and from victim -- there's no objection of these statements will be included in the record of the searing. i don't like to turn the proceedings over to our chairman, chairman levin spent madam chairman, first, thank you for your leadership and holding this hearing, and to all of those who have joined in this effort. it's a major effort it is a huge initiative. it's vitally important. i just as much appreciate you recognize any for a few moments, i want to thank our colleagues as well who are here waiting to ask questions. this will just take a few months. first of all, mr. taylor, i want to thank you. i wrote you a letter asking you for the legislative history of article 60. and as of a just believe today, you responded to my letter with your own letter, and including in that letter is a fairly lengthy legislative history which i as would ask you, madam chairman, to incorporate into the record. >> without objection. >> than i have a couple questions for mr. taylor. the legislation -- legislative history to provide indicated the authority of the convening authority under article 60 of the uniform code dates back to the article of wars adopted by the continental c

postcode mr. levin said, why use defense contractors? contract performance is reported as four with lawsuits. >> guest: there are problems with contracts, but some things can't be done by troops. some of the services talk about roadwork to troops peeled potatoes and worked in kitchens into delighted that his contract. the troops don't build weapons systems. building at 35 is private industry and the united states government has to build the equipment. there's always a dispute about some of these jobs that could be done by soldiers or government employees. depending on the cost, it's hard to tell there's a real dispute because federal employees have good retirement benefits and a longer lifetime. contractors have a higher cost in terms of the salary they earn on a day-to-day basis. post a independent collar, hi, mike. >> caller: i just have a question. i'm not trying to be sarcastic, but he was going to clean the buildings and scrub the toilet? >> host: what do you mean quakes is sequester has-beens? >> caller: wouldn't that be federal co

mr. pryor: i ask unanimous consent that during the adjournment or recess of the senate, senators reed of rhode island, levin and rockefeller be authorized to sign duly enrolled bills or joint resolutions. the presiding officer: without objection. mr. pryor: i ask unanimous consent that notwithstanding the upcoming recess or adjournment of the senate, the president of the senate, the president pro tempore, and the majority and minority leaders be authorized to make appointments to commissions, committees, boards, conferences, or interparliamentary conferences authorized by law, by concurrent action of the two houses, or by order of the senate. the presiding officer: without objection. mr. pryor: madam president, i ask unanimous consent that when the senate completes its business today, it adjourn and convene for pro forma sessions only, with no business conducted, on the following dates and times and that following each pro forma session, the senate adjourn until the next pro forma session. tuesday, march 26, at 4:30 p.m.; friday, march 29, at 10:30 a.m.; tuesday, april 2, at 10:45 a.m.; and friday, april 5,

levin and our independent senator, senator sanders. thank you. the presiding officer: the senator from alabama. mr. sessions: mr. president, you know, i -- maybe someone else here did -- but i prosecuted banks before, big institution and put some people in jail. this is a serious thing. i don't think the deficit reserve fund is the way to go about it, frankly. but it is an issue worthy of discussion. it should be brought up in the authorizing committee, judiciary committee and considered. i'm inclined to believe we've had too little prosecution in these cases. i think the right thing to do is take this by voice vote and the people can decide how they want to vote on it. mrs. murray: mr. president. i believe there is no opposition. we can take it by a vote and senator merkley has asked for a loud vote. the presiding officer: the question is on the amendment. all those in favor say aye. opposed? the ayes have it. the amendment is -- the amendment is adopted. mrs. murray: move to reconsider. a senator: move to lay it on the table. the presiding officer: without objection. there are two minutes of debate equally div

levin and me dated march 1 be a part of the record at this point in the record. the presiding officer: without objection. the senator? washington -- the senator from washington. mrs. murray: i suggest the absence of a quorum and i ask that the time be divided equally between both sides. the presiding officer: the clerk will call the roll. quorum call: mr. enzi: mr. president? the presiding officer: the senator? wyoming. mr. enzi: i ask that the quorum call be vitiated. the presiding officer: without objection. mr. enzi: i allot myself five minutes of the time allotted to senator cornyn. the presiding officer: without objection. mr. enzi: i i rise to stock talk about the spending decisions and the future of our children and grand chin. i'm one of two account tangtsz serving in the united states senate so the purpose of the budget resolution makes a lost sense to me. it is a blueprint that lays out spending priorities for the country for the next fiscal year. back in my common days, made sure that the ledger was balanced. i would look carefully line by line to see what was being spent. if it didn't balance, i looked at what could be trimmed from the overall budget.