mr. wagner. >> good evening, commissioners, greg wagner, financial officer. i'm here to officially kickoff budget season for the 15-16-17 budgets. this is the first step in the formal budget process although we have already been doing quite a bit of thinking internally within the department, but this is the point in time each year when the mayor's office releases the forecast for the upcoming budget cycle and this year the forecast for the 5 years ahead of us for city finances and department's instructions on how we should prepare our budget. so the global news in the mayor's 5-year financial forecast is very positive. as we all know the economy has been doing well and with that the acceleration of the economy we have seen city revenues and we have seen more in the general fund than we have in many many years. the projected general fund deficit for the 5-year financial plan, you can see in that first year, we are facing a $15.9 million deficit. still $15.9 million but compared to where we've been over the last many years, we were consistently in deficits appr

mrs. wagner: thank you, mr. speaker. i thank the gentleman from north carolina for yielding the time. and the gentleman from vermont for his always kind and compassionate words about our fallen heroes. and these great opportunities that we have to represent them and give living testament to their bravery and their sacrifice. mr. speaker, today i rise to honor a great american hero, sergeant zachary m. fisher, of my hometown of baldwin, missouri. on july 14, 2010, missouri's second district lost a brave young man when united states army sergeant zachary fisher was killed by an i.e.d. while serving during operation enduring freedom. sergeant fisher was assigned to the 27th engineer battalion of the 20th engineer brigade based out of fort bragg, north carolina. he was indeed 24 years old when he died at forward operating base in afghanistan. zach was again from my hometown and he graduated in 2004 from mar the question high school where -- marquette high school where his history teacher remembered him as a patriotic student

mrs. wagner: the extension means that iran will continue to have access to 700 -- $700 million a month in sanctions relief. every day that we continue these talks is another day given to iran to develop a nuclear weapon. a nuclear armed iran would start a new arms race in the middle east, imposing intolerable threat to the national security of the united states and our allies, especially israel. the house passed h.r. 50, the nuclear -- 850, the nuclear iran prevention act which would increase sanctions on the iranian regime. now it is time for the united states senate to do its part and pass legislation that would impose additional sanctions on iran. i thank you, mr. speaker, and i yield back the balance of my time. the speaker pro tempore: the gentlelady yields back the balance of her time. for what purpose does the gentleman from texas seek ecognition? >> thank you, mr. speaker. mr. speaker on sunday, november 30, we had a seminal moment to occur in the history of our country. mr. green: when t

mr. bush is the oldest living former president. he suffers from parkinson's disease and has lost use of his legs. >>> on the cbs "moneywatch," jill wagner is at the new york stock exchange with that and more. >> good morning. here on wall street the markets reopen after the christmas holiday. the dow is over 18,000. it's at its highest level ever after gaining six points wednesday. the s&p was down less than a point and the nasdaq was up eight points. tokyo's nikkei added a fraction. hong song's hang seng is closed for the holiday. >>> the minimum wage in washington state will soon be the highest in the nation. on january 1st washington's lowest legal wage will be $9.47 per hour. the bump in pay will affect more than 67,000 workers. >>> walmart will exchange holiday gift cards from other stores. for the next few weeks, you can go online and turn in gift cards from 200 other retailers. walmart says it will give you up to 97% of the value. they will vary by the retailer. >>> holiday sales were reportedly just meet industry predictio predictions. they say lower last-minute sales mean that stores will hit the estimate of just over a 4% incr