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Jul 24, 2013
07/13
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mr. reed: mr. president? the presiding officer: the senator from rhode island. mr. reed: mr. president, the reed-warren amendment would provide student students and fas with certainty by assuring that interest rates will go no higher than they would in the current fixed rates in law. the amendment is fully paid for by a very small, about .5% surcharge on income over $1 million. and we should do this for students all across the country, and we should do it not for the students that might be going to college next year but for those who are in high school today and will face, we know, predictablably higher rates. a young man wrote me a letter. "my brother, no, sir college, will be paying a lot of money for college and is a worried he will have a hard time paying the loan. i'm afraid that by the timegy to college, loans will be so expensive i will not be able to pay it off. my parents help with paying for college, but they may not be able to help with paying for a loan that big. i really want to be abl
mr. reed: mr. president? the presiding officer: the senator from rhode island. mr. reed: mr. president, the reed-warren amendment would provide student students and fas with certainty by assuring that interest rates will go no higher than they would in the current fixed rates in law. the amendment is fully paid for by a very small, about .5% surcharge on income over $1 million. and we should do this for students all across the country, and we should do it not for the students that might be...
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Jul 24, 2013
07/13
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mr. reed: mr. president i would ask unanimous consent that at the conclusion of senator carper's remarks i be recognized to use the time allotted to me under the motion. the presiding officer: without objection. mr. reed: thank you, mr. president. the presiding officer: the senator from delaware. mr. carper: thank you, mr. president. i think what i'd like to do is try to set this discussion this afternoon in context if i can. one of the things i focus on a lot -- i know the presiding officer does as well back in delaware, is how we create a nursery environment for job creation. i think it is one of the most important things government does. it is not the only thing we do. one of the best things you can do to help people is to have a job. one of the ways to strengthen our economy is to make sure we're making smart investments. with federal moneys and state and local moneys as well. public funds. one of the ways that we create that environment is to make sure we have a world-class workforce, that fol
mr. reed: mr. president i would ask unanimous consent that at the conclusion of senator carper's remarks i be recognized to use the time allotted to me under the motion. the presiding officer: without objection. mr. reed: thank you, mr. president. the presiding officer: the senator from delaware. mr. carper: thank you, mr. president. i think what i'd like to do is try to set this discussion this afternoon in context if i can. one of the things i focus on a lot -- i know the presiding officer...
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Jul 18, 2013
07/13
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mr. reed: with that, mr. chairman, i would ask my colleagues to support this amendment and with that i yield back the balance of my time. the chair: the gentleman yields back the balance of his time. the question is on the amendment offered by the gentleman from new york. those in favor say aye. those opposed, no. in the opinion of the chair, the ayes have it. he amendment is adopted. the chair: it is now in order to consider amendment number 9 printed in 113-158. for what purpose does the gentleman from michigan seek recognition? mr. benishek: i have an amendment at the desk. the clerk: amendment number 9 printed in house report 113-158 offered by mr. benishek of michigan. the chair: pursuant to house resolution 303, the gentleman from michigan, mr. benishek, and a member opposed each will control five minutes. the house or the chair recognizes the gentleman from michigan. mr. benishek: thank you, mr. chairman. i rise today to urge support for this amendment number 9, which encourages states to include the n
mr. reed: with that, mr. chairman, i would ask my colleagues to support this amendment and with that i yield back the balance of my time. the chair: the gentleman yields back the balance of his time. the question is on the amendment offered by the gentleman from new york. those in favor say aye. those opposed, no. in the opinion of the chair, the ayes have it. he amendment is adopted. the chair: it is now in order to consider amendment number 9 printed in 113-158. for what purpose does the...
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Jul 24, 2013
07/13
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mr. reed. >> thank you, mr. chairman. thank you, ambassador for being here today. i offer my congratulations and also my personal thanks for all the hard work on korea in particular that you're involved with. i know we worked on korea, colombia and panama. i represent upstate western ear. i've got companies like nucor steel, corning, so i'm very concerned about making sure that we are enforcing our trade provisions to make sure we have that level playing field that's critical to the future of america and american manufacturing in particular. just want to make sure i have a clear understanding that you and i agree that enforcing our trade remedy laws is something that protects american jobs, good for american jobs. >> absolutely true. >> and when it comes to intellectual property, for example, with corning incorporated and the trade secrets and things like that, would you agree with me that being able to point at our u.s. criminal and civil laws is critical in your negotiations as we go in regards to the trade into -- trade agenda across the world? >> the whole area
mr. reed. >> thank you, mr. chairman. thank you, ambassador for being here today. i offer my congratulations and also my personal thanks for all the hard work on korea in particular that you're involved with. i know we worked on korea, colombia and panama. i represent upstate western ear. i've got companies like nucor steel, corning, so i'm very concerned about making sure that we are enforcing our trade provisions to make sure we have that level playing field that's critical to the...
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Jul 10, 2013
07/13
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mr. reed: madam president, let me commend senators stabenow, hagan and alexander, a cosponsor of the legislation i propose that we keep the interest rates, the subsidized stafford loan to 3.4% while we deal with a very complicated and complex set of issues. it's not just the rate structure. it's the issue of providing appropriate incentives to control the cost of higher education. it's also the issue of refinancing existing debt and prospective debt so that this huge wall of debt, this, you know, avalanche of debt affecting college graduates and professional school graduates today can be addressed. and i don't think we can do that because these are complicated programs off the cuff, as we're attempting to do today or in the last several days. it turns out that if we do not extend for at least a year this rate, then the contrary proposal will eventually raise rates on students across the board. and that's because the lowest calls for now, a 6.8% for stafford subsidized loans and other unsubsidi
mr. reed: madam president, let me commend senators stabenow, hagan and alexander, a cosponsor of the legislation i propose that we keep the interest rates, the subsidized stafford loan to 3.4% while we deal with a very complicated and complex set of issues. it's not just the rate structure. it's the issue of providing appropriate incentives to control the cost of higher education. it's also the issue of refinancing existing debt and prospective debt so that this huge wall of debt, this, you...
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Jul 23, 2013
07/13
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mr. reed: thank you, mr. president. mr. president, as you well know, since you've worked awfully and very effectively with respect to the issue of student loans, we're about to rush into a complete restructuring about the way we price student loans. i believe this is not the appropriate approach. i think there are fundamental issues with the student loan program that requires a comprehensive approach. i've tried with my colleagues to extend the 3.4% for a year so that we can do this systematically and thoughtfully, do it in terms of not just interest rate structures but in terms and incentives to keep college costs down and also to deal with the increasingly difficult issue of the existing burdens that students have so that they can refinance not just in the future but families and students that are struggling today with a huge amount of student debt. student debt has exceeded $1 trillion, is past credit card debt as the second-largest household debt that we hold in the united states. and in this context, i think we have to
mr. reed: thank you, mr. president. mr. president, as you well know, since you've worked awfully and very effectively with respect to the issue of student loans, we're about to rush into a complete restructuring about the way we price student loans. i believe this is not the appropriate approach. i think there are fundamental issues with the student loan program that requires a comprehensive approach. i've tried with my colleagues to extend the 3.4% for a year so that we can do this...
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Jul 26, 2013
07/13
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mr. reed's position. >> i don't necessarily stand by everything that harry reed does or says but i do thinkt's incredibly important that obama as he continues his economic policy makes tax reform a more feature component and is incredibly clear about what it is that the party wants. he and harry reed should be completely in step with each other and it's incredibly unclear if they are. >> i think corporate tax reform, including repatriation, bringing the money back home, would be the most pro growth thing imaginable, help blue collar workers and white collar workers, help everybody. one more hot topic for our free market panel. why does anthony weiner's wife get a six-figure salary from the state department? what about that even more lucrative job she has as a private consultant? one leading u.s. senator is asking those questions, so are we. next up on kudlow. julie! hey...guess what day it is?? ah come on, i know you can hear me. mike mike mike mike mike... what day is it mike? ha ha ha ha ha ha! leslie, guess what today is? it's hump day. whoot whoot! ronny, how happy are folks who save hu
mr. reed's position. >> i don't necessarily stand by everything that harry reed does or says but i do thinkt's incredibly important that obama as he continues his economic policy makes tax reform a more feature component and is incredibly clear about what it is that the party wants. he and harry reed should be completely in step with each other and it's incredibly unclear if they are. >> i think corporate tax reform, including repatriation, bringing the money back home, would be the...
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Jul 21, 2013
07/13
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>> well, the mere fact that mr. reed has no court date, they have given no information to the family and not contacted from the sheriff or the d.a. >> so what are you saying by that? >> well, you know, i'm getting feedback here but i'll say this. they have more in any situation where you have the victims. they have a right to get information. to date, the sheriff or the d.a. has not contacted the family. >> okay. let's move on. i want to ask you about the text messages. there were text messages from mcmillian friends and the comments of his mother about how he feared for his life and refuses to sign the autopsy by the coroner. the first time in 24 years. >> it draws great suspicion around the case and wonder when's going on with clarksdale, mississippi. so, think of the text message, i think the department of justice is looking into it. and in relation to the autopsy, the autopsy itself shows serious issues with the autopsy, especially the injuries to his body. and so, they have many lingering questions in the situation
>> well, the mere fact that mr. reed has no court date, they have given no information to the family and not contacted from the sheriff or the d.a. >> so what are you saying by that? >> well, you know, i'm getting feedback here but i'll say this. they have more in any situation where you have the victims. they have a right to get information. to date, the sheriff or the d.a. has not contacted the family. >> okay. let's move on. i want to ask you about the text messages....
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Jul 2, 2013
07/13
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i think mr. reed is wrong.here's been a wave of public support, as you and your audience knows, in support of marriage equality and the wave just got a whole lot bigger last week with the supreme court's decision. to be here in california and see people getting married and the joy that is running through this state is remarkable. >> brian, do the members oppose you, won't let you speak up in harrisburg, even in executive session, do they know their time is running out, young people joining the election rolls certainly 18 to 25, up to 25 or 40 now, are clearly pro-equality? >> not only do they know it, chris, i think that's what this was about. let's be clear. marriage equality is going to become the law of the land no matter what. i think this is an issue of when losers are losing they start to lash out. i think that they know that this is happening. they're doing their best to sort of stem this tide. resorting to, you know, to behavior like this and lashing out. i think that's what you do when you know you're
i think mr. reed is wrong.here's been a wave of public support, as you and your audience knows, in support of marriage equality and the wave just got a whole lot bigger last week with the supreme court's decision. to be here in california and see people getting married and the joy that is running through this state is remarkable. >> brian, do the members oppose you, won't let you speak up in harrisburg, even in executive session, do they know their time is running out, young people...
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Jul 18, 2013
07/13
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mr. reed: mr. president? the presiding officer: the senator from rhode island. mr. reed: thank you, mr. president. over the last few weeks, many of my colleagues have been engaged in a very serious, very deliberative, very thoughtful attempt to deal with the issue of student loan interest rates which doubled july 1st. they have contributed significantly in terms of trying to move this issue forward and reach a thoughtful and appropriate conclusion. from what i have heard, the approach, the student loan interest rate reduction act of 2013, i don't think despite those good efforts and good intentions they've reached the objective, which is to make college affordable for all of our students, to somehow try to prevent this tidal wave of student financial debt which is in some cases overwhelming so many students and families across the country. instead of emphasizing the students, i think what they've done is just try to shield the government from investing in those students. the clear impact of the legislation that is being proposed is that it will increase the cost for
mr. reed: mr. president? the presiding officer: the senator from rhode island. mr. reed: thank you, mr. president. over the last few weeks, many of my colleagues have been engaged in a very serious, very deliberative, very thoughtful attempt to deal with the issue of student loan interest rates which doubled july 1st. they have contributed significantly in terms of trying to move this issue forward and reach a thoughtful and appropriate conclusion. from what i have heard, the approach, the...
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Jul 23, 2013
07/13
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mr. reedthink you're right it comes down to jobs and putting a kid to work. >> chris, think you know the best program for all of us is a job. what we did is reached out to the private sector and we started an initiative here called hire one in atlanta. i just left a visit with 80 college interns, most of them were black young people ho had internships at city hall. but we need more than the traditional individuals, a democrat, black mayor like myself, progressive white people focusing on this issue. this has to be an all hands on deck situation. it is not okay for latino children and black children and rural children to continue to be left aside in the manner that they are. >> have you told the president this. >> it has to be a national imperative. >> have you called the president and said i'm the mayor of atlanta. i've been voting for you the last couple times. how come we don't have a jobs program? >> because in all honesty, i think that the president has done a great deal to provide jobs. i
mr. reedthink you're right it comes down to jobs and putting a kid to work. >> chris, think you know the best program for all of us is a job. what we did is reached out to the private sector and we started an initiative here called hire one in atlanta. i just left a visit with 80 college interns, most of them were black young people ho had internships at city hall. but we need more than the traditional individuals, a democrat, black mayor like myself, progressive white people focusing on...
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Jul 17, 2013
07/13
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mr. reed: thank you, mr. speaker. i rise today and ask my colleagues on the other side of the aisle to join us in this employer mandate relief. because what is happening here, first of all, is the president ignoring the law of the land. and he's not going to be president forever. so when a president of a different party, my party, is in that office, i hope they remember the action taken today and i'll put it to the american people, that it makes sense for us in this body to require the passage of this legislation so the president's power is put in check. s to the individual mandate, mr. speaker, this is just fair. if we're going to relieve the burden on employers then we need to relieve the burden on hardworking taxpayers and families across america. to me it's just not right, it's fair to both pass this employer mandate relief bill as well as the individual relief bill that accompanies it later for discussion. with that i yield back. the speaker pro tempore: the gentleman yields back the balance of his time. the gent
mr. reed: thank you, mr. speaker. i rise today and ask my colleagues on the other side of the aisle to join us in this employer mandate relief. because what is happening here, first of all, is the president ignoring the law of the land. and he's not going to be president forever. so when a president of a different party, my party, is in that office, i hope they remember the action taken today and i'll put it to the american people, that it makes sense for us in this body to require the passage...
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Jul 19, 2013
07/13
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. >> mr. reed? >> thank you, mr. chairman, and thank you for the testimony today, sir.i share the concern about this decision of the administration for the employer mandate. but what i would like to do in our exchange here today is to clearly get a understanding from treasury's perspective and for my constituents as to what you did over the last three and a half years since the enactment of this law in march 2010 and what are your concrete steps going forward as to what treasury needs to do, will do and that we can hold you accountable to so that12 months from now we're not faced with another last minute announcement through an internet blog saying, well, you know, we're not ready again. so the question i have for you, sir, is what did treasury do? you knew this employer mandate was coming the last three and a half years. what did you do to prepare for that? where did you fail? because, clearly, you failed because you didn't meet the deadline. and what are you going to do over the next 12 months in detail to make sure that we don't have another delay going forward? so l
. >> mr. reed? >> thank you, mr. chairman, and thank you for the testimony today, sir.i share the concern about this decision of the administration for the employer mandate. but what i would like to do in our exchange here today is to clearly get a understanding from treasury's perspective and for my constituents as to what you did over the last three and a half years since the enactment of this law in march 2010 and what are your concrete steps going forward as to what treasury...
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Jul 17, 2013
07/13
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mr. icahn. >> reed hastings of netflix -- do you still have a position in netflix? >> yes, i do. i haven't sold one share. i told you that. he doesn't believe me. >> but you guys change your mind a lot. i have to make sure we're current. >> the credit goes to two guys that run that fund, that run that account and they're both -- both have a huge success the last two years. one is my son and when i wanted to sell it at 100 points ago, i really wanted to sell it, my son threatened to leave. that's my son and i really helped that kid all my life. he just says i'm resigning. i said okay, relax. >> i bring it up because reed hastings said and he's the ceo of course, i was worried about him when we didn't know him but now i must say that i enjoy his company. >> i thank him for that. you know what i said to reed? you know, they came in -- this was after the stock went up, you know, 150 points. he goes, you know, dave, brad -- these are two guys who wanted to be on the board. he really was nervous. he said we decided not to put you on the board. i said what a surprise, the stock is up 15
mr. icahn. >> reed hastings of netflix -- do you still have a position in netflix? >> yes, i do. i haven't sold one share. i told you that. he doesn't believe me. >> but you guys change your mind a lot. i have to make sure we're current. >> the credit goes to two guys that run that fund, that run that account and they're both -- both have a huge success the last two years. one is my son and when i wanted to sell it at 100 points ago, i really wanted to sell it, my son...
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Jul 9, 2013
07/13
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roe, mr. reed, mr. hanna, doctors mcdermott and bera. survey research in the national journal shows overwhelming public support for this type of protection for families. 96% of the americans surveyed said it was important that these health and end of issuesopor ur health care system. 97% agree that it's important that patients and their families be educated about care and end of life option treatments available along with curative treatment. and 86% agree that these discussions about pal tif care and end of life treatment should be fully covered by health insurance. americans agree that people need to know what faces them in difficult situations approaching end of life or when people are temporarily unable to make medical decisions for themselves. but medicare, which will pay tens of thousands of dollars for a full hip replacement for a 93-year-old woman with terminal cancer will not authorize a couple hundred dollars for her and her family to have medical consultation about her personal choices and circumstances for the future. our legi
roe, mr. reed, mr. hanna, doctors mcdermott and bera. survey research in the national journal shows overwhelming public support for this type of protection for families. 96% of the americans surveyed said it was important that these health and end of issuesopor ur health care system. 97% agree that it's important that patients and their families be educated about care and end of life option treatments available along with curative treatment. and 86% agree that these discussions about pal tif...
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Jul 15, 2013
07/13
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mr. reed: thank you, mr. president.st let me begin by commending my colleague, the senator from indiana, for his wise and eloquent words tonight. thank you, senator bayh. thank you very much. this morning, mr. president, i had the occasion to meet with members of my press and the public at the old statehouse in providence, rhode island, the scene of our government -- the seat of our government for many, many years in the early days of this country. in fact, in 170, george washington and thomas jefferson enjoyed a banquet in that building to celebrate the constitution of the united states, that careful balancing of majority power and minority rights. unfortunately, in these days in washington, we are on the verge of upsetting that balance, of using minority -- of, rather, using majority power to undermine minority rights. and in doing so, stilling the voices of millions of americans, the millions of americans that we represent. and not just geographically represent, millions of americans, the poor, disabled, those who fi
mr. reed: thank you, mr. president.st let me begin by commending my colleague, the senator from indiana, for his wise and eloquent words tonight. thank you, senator bayh. thank you very much. this morning, mr. president, i had the occasion to meet with members of my press and the public at the old statehouse in providence, rhode island, the scene of our government -- the seat of our government for many, many years in the early days of this country. in fact, in 170, george washington and thomas...
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Jul 19, 2013
07/13
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mr. reed. >> thank you, mr. chairman and thank you, ambassador, for being here today and i offer my congratulations and also my personal thanks for the hard work on korea in particular you were involved with and worked on with correia, colombia and panama. i represent up state western new york. i've got companies like new course field, coin incorporated. so i'm very concerned making sure we're enforcing our trade provisions to the fullest extent possible to make sure we have that level playing field that is critical to the future of america and american manufacturing in particular. i just want to make sure i have a clear understanding that you and i agree enforcing our trade remedy laws is something that protects american jobs, good for american jobs. >> absolutely. >> and when it comes to intellectual property, for example at coin incorporated and trade secrets and things like that, would you agree with me being able to point at our u.s. civil and criminal laws is critical in your negotiations in regards to the
mr. reed. >> thank you, mr. chairman and thank you, ambassador, for being here today and i offer my congratulations and also my personal thanks for the hard work on korea in particular you were involved with and worked on with correia, colombia and panama. i represent up state western new york. i've got companies like new course field, coin incorporated. so i'm very concerned making sure we're enforcing our trade provisions to the fullest extent possible to make sure we have that level...
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Jul 10, 2013
07/13
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mr. reed: thank you, mr. chair. mr. chair, i rise today in support of my amendment involving the nondefense environmental cleanup programs for america. what i seek to do with this amendment is increase this line by $19 million. i recognize the hard work of the subcommittee and the subcommittee chairman in addressing the fiscal needs of our country and reducing the overall spending in this appropriations bill. but in regards to this line in particular, this line is presently scheduled as proposed to be reduced $42 million. and i recognize the fiscal crisis that we face in america. but this amendment re-establishes $19 million to that line because it is a wise investment. it is a wise investment because of sites such as that in my district, the west valley demonstration facility, that is dealing with the issue of nondefense environmental waste cleanup. and by re-establishing this $19 million, it's been reported to our office that what essentially we will save in the long-term is approximately $262 million over the next fi
mr. reed: thank you, mr. chair. mr. chair, i rise today in support of my amendment involving the nondefense environmental cleanup programs for america. what i seek to do with this amendment is increase this line by $19 million. i recognize the hard work of the subcommittee and the subcommittee chairman in addressing the fiscal needs of our country and reducing the overall spending in this appropriations bill. but in regards to this line in particular, this line is presently scheduled as...
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Jul 19, 2013
07/13
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reed. >> thank you, mr. chairman. i commend you and thank you for your service to the nation. i witnessed your innovative and forceful approach to problems that were potentially devastating to the economy. i think through your service, we avoided a much worse situation, and i thank you for that. one of the things, reflecting back, there were a few governors in the fed who were talking about the housing ,ubble as the next great crisis but it did not get the traction. perhaps not identically, but in a similar vein, some of your colleagues are not talking about the huge growing student debt that could have macroeconomic effects, slowing down home purchases, slowing down what we a storm -- what we assume with the normal course that you buy a home, you settle down, etc. but i also think it another way, underscoring another huge problem in the economy, which is the growing inequality of income. our solution is education. there are reports from georgetown university there is a 5 million projected gap between jobs available and skills available to fill them. as we increase borrowing,
reed. >> thank you, mr. chairman. i commend you and thank you for your service to the nation. i witnessed your innovative and forceful approach to problems that were potentially devastating to the economy. i think through your service, we avoided a much worse situation, and i thank you for that. one of the things, reflecting back, there were a few governors in the fed who were talking about the housing ,ubble as the next great crisis but it did not get the traction. perhaps not...
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so the first guy we saw was mr dodd who put the dog in dodd frank he got that a little bit wrong he got that wrong jack reed would say today that he he regrets those words and mr schumer unfortunately because of this they have made singapore and london the financial capital of the world because with investment banks no no national borders and we talk about competitiveness what is it competitive that goldman sachs for example with its thirty two thousand employees has five thousand in london they are not american foreign exchange students they are london citizens paying the london payroll taxes this competitiveness is a feel good word that actually means exporting american jobs but it could also mean regulatory arbitrage not only between different countries but even in the states that we have them right yes regulatory arbitrage is the same thing as when a teenager wants the car keys and mom won't say yes so they go to dad so if you don't like the rule in the united states go to where you like the rule and pretend that you're operating there i say pretend because this is all done on the internet where the per
so the first guy we saw was mr dodd who put the dog in dodd frank he got that a little bit wrong he got that wrong jack reed would say today that he he regrets those words and mr schumer unfortunately because of this they have made singapore and london the financial capital of the world because with investment banks no no national borders and we talk about competitiveness what is it competitive that goldman sachs for example with its thirty two thousand employees has five thousand in london...
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now that the first guy we saw was mr dodd who put the dog in dodd frank he got that a little bit wrong he got that wrong jack reed would say today that he he regrets those words and mr schumer unfortunately because of this they have made singapore and london the financial capital of the world because with investment banks no no national borders and we talk about competitiveness what is it competitive that goldman sachs for example with its thirty two thousand employees has five thousand in london they are not american foreign exchange students they are london citizens paying the london payroll taxes this competitiveness is a feel good word that actually means exporting american jobs but it could also mean regulatory arbitrage not only between different countries but even in the states that we have them right yes regulatory arbitrage is the same thing as when a teenager wants the car keys and mom won't say yes so they go to dad so if you don't like the rule in the united states go to where you like the rule and pretend that you're operating there i say pretend because this is all done on the internet where the per
now that the first guy we saw was mr dodd who put the dog in dodd frank he got that a little bit wrong he got that wrong jack reed would say today that he he regrets those words and mr schumer unfortunately because of this they have made singapore and london the financial capital of the world because with investment banks no no national borders and we talk about competitiveness what is it competitive that goldman sachs for example with its thirty two thousand employees has five thousand in...
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Jul 5, 2013
07/13
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mr. chairman reed >> thank you mr. chairman.mong the more productive hours that were spent in this i support both of the rules. thank you. >> thank you. governor? >> thank you mr. chairman. i want to voice my support for both rules and i am pleased to have them move forward kid i want to commend the staff for their work in bringing this to fruition as well as the work of the governor on the bank supervision. thank you. >> governor? >> thank you mr. chairman. i support of the items could i want to add my thanks not only to the stuff that to the governor who's been a force of vision and implementation on all of this. so i just offer my support. thank you. >> i support both items. thank you. >> i support both items. i think these are very important step to making the banks safer to the higher-quality capital. yet i would like to thank you the staff for their hard work and the governor as well, but like this really was a board effort. we had a lot of dissipation by board members and the various aspects of the rulemaking. i think it
mr. chairman reed >> thank you mr. chairman.mong the more productive hours that were spent in this i support both of the rules. thank you. >> thank you. governor? >> thank you mr. chairman. i want to voice my support for both rules and i am pleased to have them move forward kid i want to commend the staff for their work in bringing this to fruition as well as the work of the governor on the bank supervision. thank you. >> governor? >> thank you mr. chairman. i...
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Jul 23, 2013
07/13
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mr. chairman. >> thank you, senator wicker. senator reed is going to yield momentary hi to another senator -- momentarily to another senator who was next in line who, i believe, was senator gillibrand. senator reed is going to yield just for one turn. >> okay, thank you. thank you, mr. chairman. thank you both for your public service, for your dedication, for all that you do for our military and for our nation. i'd like to first focus and continue the conversation on syria. i have grave concerns over the broader regional security in the middle east, particularly when we're seeing the continued influx of jihadi and hezbollah fighters into syria. so i want to talk a little bit about what this means for syria's neighbor. obviously, hezbollah in lebanon, iran has been able to have an influence at israel's board or. will iran be able to do the same with regard to syria in your estimation, and what can we do to prevent both a jihadi haven as well as a stronghold for iran through hezbollah in syria? >> i'll take this and then if the vice chairman
mr. chairman. >> thank you, senator wicker. senator reed is going to yield momentary hi to another senator -- momentarily to another senator who was next in line who, i believe, was senator gillibrand. senator reed is going to yield just for one turn. >> okay, thank you. thank you, mr. chairman. thank you both for your public service, for your dedication, for all that you do for our military and for our nation. i'd like to first focus and continue the conversation on syria. i have...
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Jul 23, 2013
07/13
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reed. senator graham. >> thank you mr. chairman. thank you both for your service.chairman dempsey, the russian president said i think a couple of days ago that if he thought herding u.s. relationships, u.s.-russian relationships would be a consequence of granting snowden asylum he would do it. what would your advice be to the russian president about bringing snowden asylum? >> i think that there would be consequences across all of our relationships. >> it would be damaging wouldn't it be? >> i think it would be ,-com,-com ma sir. >> okay, thank you very much. the prime minister of israel was on national television on face the nation sunday and said the following things about iran. there is a new new president in iran and he believes he is criticizing his predecessor for being a wolves in wolves closing and his strategy is to be a wolf in sheep's clothing smile and build a bond. admiral winnefeld do you agree with that analysis? >> as i mentioned earlier i certainly would agree -- >> is there any doubt in your mind that this guy is actually a moderate? >> we are loo
reed. senator graham. >> thank you mr. chairman. thank you both for your service.chairman dempsey, the russian president said i think a couple of days ago that if he thought herding u.s. relationships, u.s.-russian relationships would be a consequence of granting snowden asylum he would do it. what would your advice be to the russian president about bringing snowden asylum? >> i think that there would be consequences across all of our relationships. >> it would be damaging...
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Jul 20, 2013
07/13
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reed. >> thank you, mr. chairman. i commend you and thank you for your service to the nation. i witnessed your innovative and forceful approach to problems that were potentially devastating to the economy. i think through your service, we avoided a much worse situation, and i thank you for that. one of the things, reflecting back, there were a few governors in the fed who were talking about the housing bubble as the next great crisis, but it did not get the traction. perhaps not identically, but in a similar vein, some of your colleagues are not talking about the huge growing student debt -- are now talking about the huge growing student debt that could have macroeconomic effects, slowing down home purchases, slowing down what we a storm -- what we assume with the normal course that you buy a home, you settle down, etc. but i also think it another way, underscoring another huge problem in the economy, which is the growing inequality of income. our solution is education. there are reports from georgetown university there is a 5 million projected gap between jobs available and s
reed. >> thank you, mr. chairman. i commend you and thank you for your service to the nation. i witnessed your innovative and forceful approach to problems that were potentially devastating to the economy. i think through your service, we avoided a much worse situation, and i thank you for that. one of the things, reflecting back, there were a few governors in the fed who were talking about the housing bubble as the next great crisis, but it did not get the traction. perhaps not...
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Jul 10, 2013
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reed to. the gentleman from louisiana seek recognition? >> mr. chairman, i have an amendment at the desk, number 44. the chair: the clerk will report the amendment. the clerk: amendment offered by mr. scalise of louisiana. at the end of the bill before the short title, insert the following -- section. the amounts otherwise provided by this act are revised by reducing the amount made available for department of energy, energy programs, department administration and increasing the amount made available for corps of engineers, civil, corps of engineers construction by $2 million. the chair: the gentleman from louisiana is recognized for five minutes. mr. scalise: thank you, mr. chairman. this is a bipartisan amendment that re-establishes priorities here. it's similar to an amendment we passed overwhelmingly last year on the same piece of legislation. the energy propeses-water bill. what this amendment does is transfers $2 million out of the department of energy's administrative account and moves that money into the corps of engineers' construction b
reed to. the gentleman from louisiana seek recognition? >> mr. chairman, i have an amendment at the desk, number 44. the chair: the clerk will report the amendment. the clerk: amendment offered by mr. scalise of louisiana. at the end of the bill before the short title, insert the following -- section. the amounts otherwise provided by this act are revised by reducing the amount made available for department of energy, energy programs, department administration and increasing the amount...
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Jul 8, 2013
07/13
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nevada, harkin, reed of rhode island, gillibrand, leahy, klobuchar, udall of new mexico, whitehouse, wyden, cardin, blumenthal, coons, brown, casey, warren, franken, durbin, stabenow. mr. reid: i ask unanimous consent that the mandatory quorum required under rule 22 be waived. the presiding officer: without objection. mrs. boxer: mr. president? the presiding officer: the senator from california. mrs. boxer: mr. president, as i understand it, the majority leader has just filed cloture on a bill that would keep us at a 3.4% student loan rate for the stafford loans, which impacts about 7 million americans, for a year. am i correct on that? the presiding officer: the cloture motion is on the motion to proceed. mrs. boxer: well, that he is a very important cloture motion. and i would hope that in a bipartisan way we will move forward on this bill because, mr. president, as of now, student loan rates have doubled on stafford loans. in my state of california, 550,000 californians are facing a doubling of their student loan from 3.4% to 6. 8%. and i have asked my students to contact me and talk to me about their real-world stories. and what it means to them to see a doubling
nevada, harkin, reed of rhode island, gillibrand, leahy, klobuchar, udall of new mexico, whitehouse, wyden, cardin, blumenthal, coons, brown, casey, warren, franken, durbin, stabenow. mr. reid: i ask unanimous consent that the mandatory quorum required under rule 22 be waived. the presiding officer: without objection. mrs. boxer: mr. president? the presiding officer: the senator from california. mrs. boxer: mr. president, as i understand it, the majority leader has just filed cloture on a bill...
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Jul 9, 2013
07/13
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mr. president, i rise this evening in support of keep student loans affordable, the bill that has been introduced by senators reed and hagan. you know, we have been talking a lot in the last few hours about student loans, about the cost of student loans, and we have talked particularly about subsidized loans. i just want to start this by pointing out, subsidized loans is not the right term. no one is subsidizing any of our students. the lowest cost loans that the u.s. government issues today produces a profit for the government. in other words, who is doing the subsidizing? our students are doing the subsidizing. they are the ones who are creating the profits for the united states government. now, let's talk about those profits. this year, those profits, as you rightly pointed out, those profits will be more than $50 billion. those are profits made on the students' loans that are already outstanding and the profits that we are going to start making off the new loans when the interest rate doubles at 6.8%. we are talking about under this bill, keep student loans affordable, how to prevent making even more profits
mr. president, i rise this evening in support of keep student loans affordable, the bill that has been introduced by senators reed and hagan. you know, we have been talking a lot in the last few hours about student loans, about the cost of student loans, and we have talked particularly about subsidized loans. i just want to start this by pointing out, subsidized loans is not the right term. no one is subsidizing any of our students. the lowest cost loans that the u.s. government issues today...
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Jul 8, 2013
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mr. reid: i now move to proceed to calendar number 124, s. 1238, senator reed of rhode island's student loan bill. the president pro tempore: the clerk will report. the clerk: senator reed moves to amend the higher education act of 1956 to extend the current reduced interest rate for direct stafford loans for one year, to modify required distribution rules for pension plans, and for other purposes. mr. reid: mr. president, 5:00 p.m. today, the senate will proceed to ciewftion to provide the consideration of nomination of gregory phillips of wyoming for united states district judge for the tenth circuit. there will be a roll call vote on the confirmation of the phillips nomination. mr. president, i certainly welcome back the presiding officer, the president pro tem of the senate. i hope that he and all my colleagues had a restful and productive week, with our in-state work that we did during the ten days that we were gone. it was a pleasure to spend time with my constituents in nevada toafer break and with my family. i had a wonderful time with my family, four of my children were there, actua
mr. reid: i now move to proceed to calendar number 124, s. 1238, senator reed of rhode island's student loan bill. the president pro tempore: the clerk will report. the clerk: senator reed moves to amend the higher education act of 1956 to extend the current reduced interest rate for direct stafford loans for one year, to modify required distribution rules for pension plans, and for other purposes. mr. reid: mr. president, 5:00 p.m. today, the senate will proceed to ciewftion to provide the...
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Jul 1, 2013
07/13
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mrs. tucker i want to make sure the ranking member understands the e-mails you're so horrified about you gave us. that was part of discovery. your organization reeds them before they deliver them to us. >> no, sir, that's not correct. that's not the e-mail i'm referring to. we did provide e-mails from the internal revenue service system. >> so the e-mails you provided did not lead you -- were not enough to get you to feel that there should be a severing, is that right? >> correct. >> now some additional e-mails came in. >> it's actually text messages. >> asia said in my opening statement it's text messages from mr. roseman's personal phone to mr. castillo that had not been shared with the internal revenue service and that we were unaware of. >> so that basically was the straw that broke the camel's back, is that correct? >> yes, sir. >> mr. chod dozen tell me briefly tell me how many desert fy indications you have done over the last four or five years. i'm trying to figure out how unique this is, desert fy indication. >> thank you. i can get you a full spread for the last five years of all the certifications. i believe we've desert fide approximat
mrs. tucker i want to make sure the ranking member understands the e-mails you're so horrified about you gave us. that was part of discovery. your organization reeds them before they deliver them to us. >> no, sir, that's not correct. that's not the e-mail i'm referring to. we did provide e-mails from the internal revenue service system. >> so the e-mails you provided did not lead you -- were not enough to get you to feel that there should be a severing, is that right? >>...
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Jul 9, 2013
07/13
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mr. harkin: madam president, i take the floor here today to follow up on what my good friend, my colleague, senator reedom rhode island just spoke about, and that is the looming interest rate hike on student loans that's confronting us in this country. now, to recap just a little bit, in 2002, the congress passed a fixed rate. we had had variable rates before, but they passed a fixed rate on student loans of 6.8%. in 2007, i believe, it was lowered to -- no, 2009, it was lowered -- yes, 2007, it was lowered to 3.4%, and that lasted for about four years, and then it was going to go back up to the fixed rate of 6.8% last year. the congress passed a one-year extension of that 3.4%, and it's that one-year extension that expired on july 1 of this year. so if the congress does nothing, the interest rates go back up to 6.8%. now, in the midst of all this, a lot of ideas have been floating around about what to do on student loans and the interest rates. well, i think we have to keep in mind that if we go from 3.4% to 6.8%, that's a doubling. more than 7.2 million college students will be required to pay an aver
mr. harkin: madam president, i take the floor here today to follow up on what my good friend, my colleague, senator reedom rhode island just spoke about, and that is the looming interest rate hike on student loans that's confronting us in this country. now, to recap just a little bit, in 2002, the congress passed a fixed rate. we had had variable rates before, but they passed a fixed rate on student loans of 6.8%. in 2007, i believe, it was lowered to -- no, 2009, it was lowered -- yes, 2007,...
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Jul 16, 2013
07/13
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senator mcconnell and senator reed and so many others who have been actively engaged in the conversations that have been on. i look forward to a vote as soon .s audible on mr cordray i thank all of my colleagues for an evening that i thought was very important in our relations in the united states senate. >> the majority leader -- -- mr.a president president, we may have a way forward on this. i feel very confident. but as you know, that is why we need more time. what we're going to do is is go into courtroom. quorom.courtroom -- i think everyone would be well- advised. dot and t's to cross. i have to speak to the vice president. we will have a phone call. everything we are doing well. i will say that i hope that everyone learned a lesson last night. it sure helps to sit down and talk to each other. it was a very, very good meeting . it lasted four hours. we were still is highly engaged hours.end of the four so i think we see a way forward that will be good for everybody. i have a lot of accolades to go around for a lot of people. i certainly appreciate my .onderful caucus one of my senators told me this -- something like this, a person has a lot of humili
senator mcconnell and senator reed and so many others who have been actively engaged in the conversations that have been on. i look forward to a vote as soon .s audible on mr cordray i thank all of my colleagues for an evening that i thought was very important in our relations in the united states senate. >> the majority leader -- -- mr.a president president, we may have a way forward on this. i feel very confident. but as you know, that is why we need more time. what we're going to do is...
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Jul 23, 2013
07/13
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mrs. lincoln's personal friends were questioned. there were stories of her being friends with a drunken russian admiral and her friends with all sorts of questionable journalists in washington. her project on behalf of the reedaves for the freedman's bureau for the education and employment of slaves was also turned into a political issue. by the 1870's, the white house, the families themselves became much more attuned to the public's responses to their perceptions of white house family life. and so you had lucy hayes and the news that lucy hayes would spend sunday evenings with her amily around the piano singing jimenezes. mrs. hayes' clothing and hairstyle was compared to the madonna herself. she was seen as a pure and simple image during a time of the gaudy gilded age. she also banned liquor and earned the nickname lemonade lucy. this cartoon of the day shows lemonade lucy smiling in a water bottle and frowning in a wine bottle. but the bun on liquor was more than a personal decision for mrs. hayes, it was a political decision. rutherford hayes had been elected in part by the support of the prohibition party which was very powerful at the time and made an agreement with the prohibition party that if he wou
mrs. lincoln's personal friends were questioned. there were stories of her being friends with a drunken russian admiral and her friends with all sorts of questionable journalists in washington. her project on behalf of the reedaves for the freedman's bureau for the education and employment of slaves was also turned into a political issue. by the 1870's, the white house, the families themselves became much more attuned to the public's responses to their perceptions of white house family life....