mr. sherman. thank you, madam secretary. mr. burton, the chairman on your asia and europe is recognized. >> nice to see you again. i understand that today or yesterday there was an indication we would might up some kind of dialogue with north korea. i just checked, we gave north korea during the clinton administration over $1 billion in fuel and food aid as well as money we spent building their light water reactor. and of course they violated the agreement that they made. the only reason i bring that up, i hope that if we start a dialogue with them we realize their history is one of -- that you certainly can't trust. even though kim jong-il is gone and we have a new leader there, i think it's extremely important that the state department get everything written in blood, so to speak, to make sure we're not shafted again. recently stop tom donilan and the chairman of the joint chiefs went over to visit israel. the tone was, they were urging israel not to take any unilateral action as far as

mr. sherman the ranking member on nonproliferation and trade is recognized. >> madam secretary, glad to have you back here, i want to join my colleague s who have praised your work for our country and how much you have been able to accomplish with less than 1% of our budget. i have got a lot of topics to cover and would expect that you just want to respond for the record, but interrupt me at any point if the spirit moves you. the first is to focus on the region of georgia, we have been generous to the republic of georgia, jacak has a large armenian population and the embassy of georgia is now in support of the idea of the united states focusing a good chunk of its aid for georgia on that region. this would help bind javak to the republic of georgia. and would help achieve our goals in the caucuses. last time you were here, i mentioned the idea of voice of america broadcasting in the sindi language. this committee adopted my amendment unanimously to adopt to broadcast in that language. i'm not sure that bill will be law, but it shows the wisdom of the committee. there are elements in the gove

mr. sherman ranking member on subcommittee on terrorism, nonproliferation and trade is recognized. >> madam secretary, glad to have you back here. i want to join so many of my colleagues who praised work for our country and how much you've been able to do with 1% of the budget. i have lots to cover and would expect you want to respond for the record. interrupt me at any point if the spirit moves you. the first is to focus on the region of georgia. we've been very generous to the republic of georgia. a region in georgia with a large ethnic armenian population. the embassy of georgia is now in support of the idea of the united states focusing a good portion of its aid for georgia to the region. this would bind them to the republic of georgia and would help achieve our goals in the caucuses. last time you were here mentioned voice of america broadcasting in the sendi language. this committee adopted unanimously to direct the voice of america to spend a $1.5 million broadcasting in the language. i'm not sure become law but does show the wisdom of the city. there are elements in the government i

mr. sherman, is now recognized for five minutes. >> thank you. mr. chairman, i want to commend you on everything you've done to keep short and long interest rates as low as possible. we face a difficult circumstance and the fed is doing more than any other agency of government to try to get us out of it. i'll have a question on the record for you on the vogel rule and applying it to international situations, and my first question is about the society for worldwide interbank financial telecommunications, swift. i'm the lead democrat here in the house on a bill designed to, in effect, expel iran from swift. do you agree that allowing iranian access to swift undermines u.s. national security objectives and our objectives in preventing money laundering and the financing of terrorism and proliferation? and do you think that we can successfully exclude all measirn banks from swift rather than those iranian banks under u.n. sanction? >> i shouldn't guess and i won't, but swift is one of the supervisors of swift. we work with the bank of belgium and other in

mr. sherman for five minutes. >> thank you, director cordray. in a world of the darkness of the filibuster, the recess offers one little glimmer of light. and if a series of pro forma sessions cute real sessions of the senate, then cartoons are real people. i welcome you to this committee. i've got one long question dealing with mortgage finance, and then a whole bunch of questions that are probably so numerous that for those you'll probably want to just respond for the record. the bureau is currently working on the ability to pay qualified mortgage regulation. this is going to shape the future of the mortgage market and people's ability to buy homes. congress created this ability to payroll to ensure fact that creditors were determining a consumer's ability to repay the loan before making the mortgage. everybody agrees you make a mortgage to someone who can afford to repay it. however, we've heard from consumer groups, i've heard from industry, i've heard from others that the bureau's current thinking might give us a regulation that is so strin

mr. sherman mentioned he was going to have some for this panel which they may wish to submit in writing. the hearing record will remain open for 30 days for members to submit written questions and to submit responses into the record. i would like to thank you for your patience. i know it's been kind of a herky-jerky day. i appreciate your honesty and response. >> better appreciation for all the schedules you have to keep. >> with that, the hearing is adjourned. >>> tomorrow on "washington journal," michael green, former member of the national security council talks about south korean security and a possible satellite launch by north korea. "new york times" assistant business and financial editor gretchen morgenson. and thomas mesenbourg and connie potter from the national archives and records administration discuss the first ever release of records and surveys from the 1940 u.s. census after the expiration of a 72-year confidentiality clause. "washington journal" live at 7:00 a.m. eastern on c-span. >>> follow c-span's local content vehicles throughout the weekend as book tv and american

mr. sherman for five minutes. >> as to gas prices, i will comment that about six months before bush left office they were as high or almost as high as they are today. the collapse of the worldwide economy in late 2008 dramatically reduced gasoline prices. i don't think that's the strategy we'd want to employ as noble as that goal is. in addition, natural gas prices are lower than they've ever been. there's a north american market for natural gas. so production on this continent actually can cut prices and has. and that allows us to displace the coal while still generating electricity. and finally, oil is traded worldwide, there's a worldwide price for oil and a slight increase in production in north america's not going to change the worldwide price. couple of issues about funding a small business. if we had member business lending for the credit unions and if the credit unions had alternative capital, then without washington risking taxpayer money, we'd have capital in the hands of small business. i thank the secretary for nodding, but i hope that we get nodding here in this committee be

mr. sherman. >> thank you, dr. christensen. dr. amoroso you should have seen the people shake behind you when you sit get the lawyers out of the room. let's go to mr. bass from new hampshire. >> i have a couple of questions for mr. livingood but before i ask that, can i ask a mobile or smart phone question for dummies why is there a difference in the cybersecurity issues between an ipad or smart device like this and a laptop or desktop computer? make it quick because i have other questions. anybody answer that question, for me? >> there's probably a firewall in the wider demand so we can do more filtering and policy control. with wireless it goes direct to us and we have an incentive and lead particularly in washington to push the package, don't look at them, don't don't do anything, god forbid you impose any kind of policy for faltering. we do nothing secure connection is strictly to the internet whereas you're wired connection probably has some group at work. some car you exposed to -- is there a cybersecurity issue associated wit

mr. sherman. thank you, mr. secretary for being here today. it may surprise you but i think you actually put forward a fairly reasonable and on responsible budget. i wanted to just clarify a few things. you referenced. can you tell me china is of course a very special the emerging economy growing in the emerging economy, and the other two largest, japan and germany i guess would be the third and fourth largest economies after china and the u.s.. what are the r&d budgets that they've put forward? >> well, off the top of my head, i can't really say exactly how the r&d budgets are, but i can say that china has a very strong commitment to those industries which china deems would be an important part of their economic prosperity in the future, and for that reason, that is why they are investing in many -- they want to diversify nuclear reactors and they are investing -- bigger the biggest employer of wind and solar in the world in their country, but they also view that as. >> i was just hoping i could get a sense whether or not others would agree s

mr. sherman and for your service. i missed the point mr. turner asked about poppy growth.ou give me a specific as to how much less growth there is going on in afghanistan now as compared to when it was at its peak? >> let me take that question and i will give you a definitive answer which gives you some of the history on where we are today and incorporates both for mr. turner and for you the sense of where we think we will be doing both in terms of afghan security development that supports the counternarcotics. can you tell me what has replaced the poppy growth in the places we know that it's been the eradicate it? >> there's been a number. wheat, pomegranate, what we would consider to be the normal and cultural cash crops. estimate and a stand pomegranate there's a lot of infrastructure needed. is the infrastructure in place? >> it's going to be a long term development for them. >> meaning -- >> years. >> five, ten -- >> i can't tell you. i will add that into the question. >> i also will contribute to adding more detail for the record, but it's absolutely very long-term p

mr. sherman. as you know, the eia has put out a couple of brief reports on the refining and it is an evolving situation. we are not privy to the company decisions to close the refinery is and they are made within the strategic plans of each company, but it's likely that the reason the refiners are closing the particulars on the east coast is that they are not making money, they are not profitable operations. they have higher crude acquisition cost in the companies and other parts of the united states because there are the premium light crude from africa which are some of the most expensive crude oil. the refiners in the mid contador getting the cheaper crude oil and on the gulf the process of lower quality crude oil because they have different resigning capabilities. at the same time, europe has a sort of access supply of gasoline available for export which tends to keep prices on the east coast relatively moderate. we are not seeing high prices relative to other parts of the country at this time.

mr. sherman, and it's your subcommittee that i am honored to be the ranking member of. we have to put our heads together and ensure that we move into the 21st century that we enact meaningful reform otherwise we are not going to be honoring the lives or the deaths of 29 workers who spilled their blood in the upper big branch and we cannot let them be forgotten. they should have taught us a lesson and if they didn't then we are dumber than males and we won't move forward we will keep spending in a circle talking about it until the next disaster occurs. i don't want that to happen so let us work together so that it doesn't. i would yield back. >> i thank the gentlelady and certainly, there's a commitment to work towards fostering better results the safety. the act as you know declares, and i quote from it, the first priority and concern of all of the mining industry must be the health and safety of its most precious resource, the miner. and i think in this room we understand that there may be differences of opinion and perception of the facts and the way we look at the fa

cher after we posted the story i got a call from mr vast close attorney mark sherman an attorney i know before i've worked with him on stories before just he had some questions about the way the language was written about was c f t c being on it for five years we had a little nice conversation he actually begged me to take the story down explain that's not the way journalism works just not the way i work i'm not going to do that we went back and forth for a bed i hadn't i said ok i'll update some of the lines in the sentences and that was it. i started digging more i started to get more to people from you keven kept writing you with information about mitch because clothes and his live in girlfriend pamela chee aussie clients of his trading brace for exposure dealer started to write me about problems they had in lawsuits that they had brought against him and they start to look at some of his financial transactions the way he moved around some of his business is a move money around at that point then i started to call his lawyer and say ok i have some questions do you want to comment all

mr. sherman and the commission would agree that on paper in front of a discerning public voucher that is an astonishing jump in one year. >> i would like to understand the numbers better myself it is possible this pay scale went, just under 100 to over one of 50 that you but we work with you and the committee to provide the underlying facts. >> at the risk of being hardheaded and not satisfied with that particular response, let me say it again. that a member of the discerning public, you have to agree that would look at that discrepancy, 46 in 2008, the 431 in 2009, unless there is a general support argument like you indicated, that a change in the pay scale, which goes back to what i said a minute ago, if everybody, if hundreds of those people were all of a sudden went from 148, five, or even 145 in excess of 150, overnight, that would be a logical explanation. but absent that, if that's not what we get back, would you agree that's a hard number to justify? >> i would agree that number needs to be understood. it adheres to take place before got to the fcc, but in any event, we will prov

mr. sherman and mr. secretary for being here. yesterday i held a hearing on the uss at the norfolk naval shipyard the water so the committee, and we heard from the psychiatry of the navy, ray navis, former secretary of the navy and senator john warner, and also from some of the top-ranking officials within the navy and the marines about what they are doing to implement energy efficiency and new sources of energy within the navy and among the marines who are on the front lines in afghanistan, and we heard a couple of things i think are important to this discussion. one is being able to look at alternative energy sources that renewables that can be used in the field are critical to reducing the dependence on foreign oil. it's vital to our national defense and that there's a direct correlation between our dependence on fossil fuels and casualties on the battlefield. one of the things i would hope you might address this morning and i would point out that i know the energy, department of energy is working closely with the navy and the

mr. sherman. >> mr. quigley. >> thank you, mr. chairman. guess the academic question is the balance that i talked about in my opening statement about austerity measures and how they impact recovery, your view in general on that issue and how the european plan seems to strike that balance and how effectively it might do that -- either or both of you, please. >> i think the answer to your question depends on which country you're talking about. there are countries like greece, ireland and portugal which are currently under european union, eurozone, and imf support appeared which have essentially no alternative but to your the can to reduce their fiscal deficit. there have been trying to do that. but slowing growth has made it more difficult. more broadly, there are some countries that have more distant space. they might consider a balanced approach, which leaves some flexibility in the short term to do with the fact that europe is slowing. their economy is slowing. at the same time, addressing longer-term issues in a comprehensive long-term pl

mr. sherman. this is a fast hearing. we are moving so fast with technology that it's even hard to keep up with, and now we have a challenge it seems to me and i have a number of questions particularly the 90% of the american people dhaka 90% of the american people own a mobile phone. that is a phenomenal situation. i have questions about who is to regulate this. >> right now people are paying their phones through their mobile units. but regulatory agency, who regulates this now, where does it come under mobile payments? is their regulation now? >> i think you pose a great question. when it comes to mobile payments the use of the phone to make a non-communication type of transaction the fingers are pointed in all different communications and the federal doesn't appear to preserve that has jurisdiction over these transactions, and as i planned dhaka earlier when a consumer's phone gets stolen they're going to go to the carrier and they have maybe something in the contract, may be a policy, maybe there is a phone agency tha

mr. sherman and we've made progress as the dr. miller indicated for example just in the last 12 weeks the enemy initiated violence across the country has 25% less than a was in the same period of time last year. in the same period of 12 weeks the civilian casualties were 74% less than it was during the same period of last year. the birth of the ansf has been dramatic and the special lawbreaker's has been dramatic and as the ansf continues to move to the floor in full partnership with us with and the screens of counterinsurgency campaign, i believe there is a great potential for us to accomplish all of these objectives and i remain committed to the campaign and i remain optimistic that with the right kind of free sourcing and the comprehensive counterinsurgency campaign continuing as we currently envisioned at that we will be successful. .. we have to stay there. if anything goes wrong, that means we have to stay longer and in greater numbers because it's not going well. that is not the point of our mission. as i said at the outset

mrs. mike harris. -- maya harris. the honorable wendy sherman. mr. stokes. the honorable brooke anderson. mr.james -- ms. ann windosr. mr. shelby bryant. mr. harvey weinstein. ms. georgina chapman. >> i have not seen her yet. [inaudible] [laughter] [inaudible] i am very excited. >> [inaudible] >> too humble in his accomplishments. people will learn. >> i am very excited. >> [inaudible] that was a surprise. >> [inaudible] mrs. amanda barton. mr. david ajai. mrs. ashley jasmine scott. the honorable nancy ann depearl. rm jason depearl. -- mr. jason depearl. the honorable patrick f. kennedy. ms. elizabeth slope. governor o'malley. judge katie o'malley. senator richard lugar. mrs. charlene lugar. >> we have been watching the guest arrivals at the white house for the state dinner for british prime minister, at david cameron. the dinner happening on the south lawn. we continue to follow the arrivals on our web site. coming up, at 8:15, we will bring you the coast from tonight's dinner and comments from president obama and david cameron. we will also speak to marc mardell and get his perspective. all

i think the republican party's gotten trapped in the way back machine that sherman and mr.body used in the days of bullwinkle and rocky, the squirrel. they and rush limbaugh seem to think that young women using birth control is a matter for hot debate, that they can score points attacking those young people for protecting themselves from pregnancy during their college years. well, are they crazy? are they politically nuts enough to think that the way to win votes in 2012 is to head into the long-ago territory of attacking people for using birth control? i have not heard a priest give a sermon on this topic since i was in preschool. why are those in the church tent rallying up people they put to bed a half century ago. listen to limbaugh, calling a young college student a slut. just listen to him, this man who leads the republican party spiritually. >> what does it say about the college coed susan fluke, who goes before a congressional committee and essentially says that she must be paid to have sex. what does that make her? it makes her a slut, right? it makes her a prostit

mr. sherman and welcome to the distinguished panel. we are all anxious to hear your comments this morning. i think we are all looking for the quick and easy answer but i think realistically we know that there are no quick and easy answers for the fact that we are seeing significantly higher prices at the pump. in this morning's "washington post," the headline is. gas prices topped $4 a gallon. i do a little independent survey of my communities back home, and do a week by week assessment here and let it is going for $5.75 a gallon. juneau, the state capital, is $4.15. nomo is $5.98, and just above it is $7.37. so they are looking at what the national average is now and saying in the rearview mirror that looks pretty good because we are getting nailed with a high prices. they are looking for answers. so when there have been suggestions either in the political commentary or the news somehow or another this is a political opportunity i don't think most of us who are feeling the pain at the pump, feeling the pain in their wallets and their

mrs. mike harris. -- maya harris. the honorable wendy sherman. mr. stokes. -- bruce stokes. the honorable brooke anderson. mr. james -- ms. ann windosr. -- anna wintour. mr. shelby bryant. mr. harvey weinstein. ms. georgina chapman. >> i have not seen her yet. [inaudible] [laughter] [inaudible] i am very excited. >> [inaudible] >> too humble in his accomplishments. people will learn. >> i am very excited. >> [inaudible] that was a surprise. >> ready. forward. >> very pretty. they look better. >> they do. >> present arms. ♪ ladies and gentleman, the president of the united states barack obama and mrs. obama accompanied by the prime minister of britain, david cameron and his wife, samantha. >> good evening, everyone. please have a seat. welcome to the white house. i was just telling the prime minister that so far, the evening has been successful because i have not stepped on michelle's train. my main goal this evening. michelle and i could not be more honored that you could join us as we host our great friends, the prime minister of the united kingdom, david cameron, and his r

mr. sherman for this great hearing. >> are there any other members seeking time on our side? if not, the gentleman yields back his time and i recognize the gentleman from california, mr. waxman for an opening statement. >> i welcome our witnesses as well. i'm pleased the subcommittee is looking at this issue of cybersecurity. this is our second hearing. every week we learn of a new cyber breach of vulnerability so we are finally paying attention to this question. like this margaret which is the topic of the last hearing by the subcommittee, and the investigations the connections networks are highly vulnerable to cyberattack, the potential for this fear do because of their assertions are high because communications networks are the common thread to all critical infrastructure sectors. in fact the public safety legislation that was just signed into law exemplifies these concerns under the new law first responders will be relying on the broadband communications networks to secure the safety of life and property and the devotee to protect the public but only if the networks are pr