mr. swagel will start with his remarks and we also have mr.peaker of's remarks that he doesn't get in time and then doctor pia orrenius will present her remarks and then we will have questioning. thank you. >> he should be here in the next couple of minutes and if not i have hairs and i can talk about this role as well. at the end of the administration as the assistant secretary for the department presently for secretary hank paulson. as confirmed by a voice vote in the senate just before the senate flipped in december of 2006 i just want to change to that. back then the noncontroversial nominees got approved routinely and that's different. i previously served as the council of economic advisers and also that when he was a deputy and i've been here twice first in a nonpolitical position the last six months of the clinton administration first six months of the bush administration working on trade policy and during that leave for the monetary fund went back to the front and came back a year later and the political position of the chief of staff.