mr. warner: mr. president, it's a pleasure to be here today with my friend, the senator from tennessee, to talk about legislation that we and eight and actually now nine of our colleagues, bipartisan legislation that has been recently introduced to reform our housing finance system. i came into office a couple years later than the senator from tennessee, but i got here in january of 2009 when the entire future of our financial system was uncertain. the members of the banking committee rolled up our sleeves and tried to work together to prevent future financial crises, and while history will determine whether we accomplish that goal, the senator from tennessee and i worked strongly together on a couple of titles of what has subsequently became known as the dodd-frank legislation. and while there are problems in that legislation and there are problems still within our financial system, i think no independent observer would not say that our financial system today in 2013 is stronger than it was after th

mr. warner. >> good afternoon. i want to say that what's really impressed me t is the cultural heritage sector that it moves beyond the traditionally historic preservation concerns i have landmarks of stoud architecture periods of landmarks of rich and a famous. it expanded the history of the community. and that's very important basis that's telling us where we came from and where we're going. and i think the community heritage strategem they've been developing is an astounding start and that's pa a big deal >> thank you. (calling names) and a commissioners good afternoon and very much. i want to thank both bob and steve for their presentations. i think they did a job that the steps our community as taken to bring it about. when we started with the planning process it's how do you make investment happen. and then you, you know, a funny thing happened on the way to the forum hey wait a minute we might lose our fabric here. at the same time that commission was coming into being and i think this is one of the things t

mr. warner: mr. president, i rise today to talk about the very real effects that sequestration is having on -- i'm going to speak about the people of virginia, but i'm sure, as the presiding officer, is equally true about folks in new mexico and, for that matter, all across the country. i'd like to remind folks that sequestration was set up so that it would be so stupid, so draconian, so outside the realm of possibility, that no rational people would ever let it happen. well, we're actually seeing now that we didn't pass that bar. sequestration is happening. it's actually stupidity on steroids. earlier this week, a group of us heard from dr. francis collins, the head of the n.i.h. the n.i.h., as we all know, is america's premier health research institution. dr. collins told us of the real world impacts of sequester cuts. he gave heartbreaking examples of life-saving medical research that's being disrupted, perhaps irrevokably, due to budget cuts and employee furloughs. two days ago, i had the opportu

mr. warner: madam president? the presiding officer: the senator from virginia. mr. warner: madam president, i appreciate the comments of my colleague from new mexico, and clearly as a former chief executive myself, it is remarkable to me that regardless of who the president of the united states, he or she ought to be able to get their team and ought to be able to get their team in place in a way that -- with appropriate oversight and review, but unfortunately it doesn't seem to be the case in this body at this point. but, madam president, i rise today to make some remarks on an issue that in my four-plus years that i have been here i think, while many of the other debates that we have are important, in my mind at least supersedes everything else, and quite honestly that if we could reach some resolution on, i think might go further than any other action in both lowering some of the rhetoric and lancing some of the boil of partisanship in this senate as well as quite honestly doing more for the kind of job growth that is still so desperately needed. and that, madam pr

mr. mayorkas breaks to this office a diverse background and a set of experiences in both the private and public sectors. warner in cuba, mr. mayorkas . with his b.a distinction from the university of california. he earned his law degree from loyola in 1985. those who have enjoyed the opportunity to work with him regarding him as being highly intelligent, thoughtful, kind am a compassionate, and dedicated to doing the right thing. 1998, he served as an assistant u.s. attorney for the central district of california, where he prosecuted crimes,rray of federal specializing in the prosecution of white-collar crimes. federal law enforcement agencies recognized his success with multiple awards. for example, he received commendations from fbi director louis freeh for his successful prosecution of operation polar cap, which was the largest money-laundering case in the nation at the time. he continued to distinguish himself by becoming the first u.s. attorney in the central district of california to be appointed from within the office. he created the civil rights section in the office to prosecute hate crimes. he develo

warner to come fix his cable. they said they'd be there between noon and 2:00 on june 10. frankly he's still waiting there. our guest tonight from project runway, mr. tim gunn is with us. [ cheers and applause ] a glorious human being. but we start tonight with justice. now earlier this summer we heard a lot about the supreme court which likedded gay marriage but not southern minorities' ability to vote for it. but there are other much less supreme courts. did you know that you are sitting in one right now? that's right. it's time for tonight's installment of judge johnny. bail live, shoot that man. >> you are about to enter the courtroom of judge johnny oliver. >> melissa, please pass your knives and go. >> he's not legally trained. his understanding of the judicial system is based entirely on reruns of night court. >> all right, boys, hit the showers. >> his decisions are generally bad. this is judge johnny. [ cheers and applause ] >> court is in session. jason jones, please call tonight's first defendant. >> judge johnny, the people call the halliburton corporation. you may know them as dick cheneys former company that was awarded sweetheart de

our next will be senator heller, senator warner and cementer fisher. >> thank you mr.chairman and thanks for the opportunity to discuss this issue that i think it's critically important for our economy and for -- i want to think the witnesses for taking the time and spending time with us today and for every the that is in the hearing who has expressed and show their concern for this issue also. i was appreciative of your testimony. you went through some of the statistics and the growth. what we will see in this area is especially the traffic and also the mobile devices that we are going to see about 2017 of course it underscores the need and the understanding that we need more spec on and that it will go into the hands of the wireless providers. we although the fcc is working on a complex spectrum option right now and we are hopeful we can incentivizing of broadcasters to voluntarily sell their spectrum so they can auction it to the highest bidder. hopefully that revenue will be enough to cover and accomplish several goals. one is enough to purchase the spectrum from a

warner: nancy youssef, thank you so much. we just lost our connection with you but thank you for being with us. so mr. ambassador, let's go back to what happened. was this a coup as, in fact, the muslim brotherhood says it was? >> absolutely not. this was a situation in which the vast 345 jority of egyptians took to the streets, 22 million petitions were filled in and all they asked for was early elections. they didn't ask the for-- ask for the military to take over. they asked for early elections. now president morsi and his supporters, what they did is they mobilized, they stirred people's feelings up. and basically they encouraged their supporters to face the other demonstrators. so there was no option for the military. and for the rest of egyptian society, but to intervene. before terrible clashes and escalation would run out of control. >> warner: i have to ask you, i mean, until three days ago you worked for president morsi. he appointed you last fall yet you support what happened, his ouster. i mean one, why, and two, are your views widely shared within the bureaucracy, the civil service, the f

breaking news, time warner cabls ceo who's been in place since 2001, glenn brit, will be stepping down at the end of the year. it's not a huge surprise, there have been rumors about mrtaying just until the end of the day, and so now according to the dow jones news wire, that is the case, he will be stepping down. right now the stock is down just about a quarter of a percent, we could show twc, if we can, you can see about $116 a share. the annual high is $119. so not far from the annual high, the stock. not a bad performance for them. >>> president obama just wrapped up a speech in florida which pushes for more infrastructure spending. baak in washington, though, house republicans are drafting legislation to cut spending. again, the discrepancy here, rich edson. you're on capitol hill, what are they saying? >> reporter: yeah, it's, you know, liz, you have to come up with some type of compromise here. you've got the president going this way and republicans going this way and no idea where we're going to end up on this one. the president just wrapping up a speech. it lasted about 0 minutes, -- 30 minutes. today infrastructure spending, he says must be's cheap -- money

mr. morsi was elected democratically, there's more work to be done that creates the conditions in which everybody feels that their voices are heard and that the government is responsive and truly representative. >> warner: though yesterday's massive outpouring was peaceful last night brought a different story. the brotherhood's cairo headquarters was torched. men inside fired on protestors, killing several. in cairo today, a morsi supporter said the brotherhood would fight to protect their elected president. >> the battle is over the identity of this state right now. since the revolution happened the forces that we call secular are fighting so that egypt's identity will not be an islamic identity but i insist that egypt's identity must be islamic. >> warner: when the military ousted mubarak, it took overrunning the country. in today's statement the military council said it would, quote, not take part in the political or governing arena. as of midnight tonight, there have has been no public response from president morsi. routers reported that u.s. joint chiefs chairman martin dempsey spoke with the chief of staff of the egyptian armed forces today. for more on the latest protests and the military's ulti

warner to open at 115 to 177.50 or the indications is 113. look at this reaction. who would have thought this comment from mr.ve policy needed for the foreseeable future would have elicited this kind ref action. there are frankly, pissed off traders who were aggressively short the bond market. that's been a favorite of the street for a while now. we have -- i talked to one trader who lost $6,000 while watching mr. bernanke. would have waited another 20 seconds and he would have lost $25,000. a lot of people out there are unhappy making comments in the after hours when it's more difficult to cover their positions and one lost so much money he lost his phone and his friend said he was so upset about the whole thing. he'll have his semiannual testimony in front of the congress. what a nice rally. commodity stocks are finally rallying. we're starting to see nice moves up and the whole group has been doing well and that has not been a good one. another group doing well, emerging markets. when was the last time you saw emerging market countries. look at what happened in some of the big emerging market countries lik