mr. watt be a back to the future thing wre you go back to these entities as agents for social change, agents for helping people who otherwise couldn't get loans, to get loans, and mr. watt, who has been a long proponent of that face serious, serious flak when he gets to the senate, not just from republicans, but some fiscally sound democrats interested in spinning them off the books than deepening the relationship. gerri: interesting to see if that happens, spin it off the books. i don't know about that. chris, thanks, always a pleasure to see you. thanks so much. >> any time, happy to help. gerri: thank you, later in the show, taxpayers pushes tesla into the black, no kidding, i know you're shocked. not getting the credit. how do you do that? how yoursmart phone may replace your doctor. stay with us. ♪ ♪ ♪ the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone but her... no. no! no. ...likes 50% more cash. but i don't give up sy... do

. >> mr. watt, you're only supposed to do that at your confirmation hearing. that's when you rollout the kids. >> i'm just trying to get my line of questioning. i've been in the back listening. >> minnesota congresswoman michelle bachmann managed to get her hand on some google glass. they tweeted this women of her sporting the new specs. >> mark sanford is back to being a congressman. the south carolina republican was sworn in wednesday with his new fiancee and his sons in attendance. >>> trying to capitalize on the fourth season of arrested development, house republicans are putting out their own version. they call it arrested economic development. it hits the president on his fiscal policies and congressional allies. >>> senator jeff flake caught flack from both sides offer his opposition to recent gun control legislation. now the group mayors against illegal guns is targeting the arizona republican again and he seems to be okay it with. he just tweeted, just heard mayor bloomberg is running more ads against me. if the mayor of nyc doesn't like my votes, i g

. >> gentleman from north carolina, mr. watt. >> mr. attorney general, i'm going to just ask you a couple questions -- >> hey, who's the toddler? north carolina congressman mel watt, who did have questions for the attorney general, but who most of all will be remembered as the guy who brought the adorable toddler who's apparently named niko into the middle of the washington maelstrom today. hi, niko, god bless him. that was my favorite moment of the day in an unbelievably packed news day. >>> as noted, the president fired the head of the irs today in a surprise, blunt late afternoon announcement. >> good afternoon, everybody. i just finished speaking with secretary lew and senior officials at the treasury department to discuss the investigation into irs personnel who improperly screened conservative groups applying for tax-exempt status, and i look forward to taking some questions at tomorrow's press conference, but today i want to make sure to get out to all of you some information about what we're doing about this and where we go from

that time of the gentleman has expired and the chair recognizes the gentleman from north carolina mr. watt for five minutes. >> thank you mr. chairman and mr. lew for being here. let me turn our attention to fsoc since i thought that is what this hearing was about further the internal revenue service. i assume the internal revenue service -- does not own fsoc. >> no it does not. >> one of the things that you all have been doing according to your testimony is designating some financial institutions as particularly significant to the economy which resulted in them being given enhanced scrutiny and some higher standards, so you designated some financial institutions and at the bottom of page six in your prepared testimony he say you designated eight financial market utilities. what kinds of utilities are those? >> the utilities of a clearinghouse. >> okay and then you also say that you are looking at a number of nonbank financial companies that will be designated. what kinds of institutions are those? >> congressman the identity of the company has not been publicly noted cousin ordered to go

the gentleman from north carolina, mr. watt. >> thank you, mr. chairman. >> you are only supposed to do that at your confirmation hearing. that's when you roll out the kids. >> i'm just trying to get my line of questioning. i have been in the back listening and nico says you have done a good job up to this point. mr. attorney general, i'm going to just ask you a couple questions related to intellectual property, which is the subcommittee that i'm ranking member on. the administration has called on congress to make illegal distribution by streaming a felony, can you describe the current tools at the department's disposal to combat copyright infringement and how classifying streaming as a felony enhanced department's enforcement efforts in this area. >> i think what we are looking for just an expanded set of tools so we can have a prosecution and enforcement effort that's consistent with the nature. all we can do is bring a misdemeanor charge. sometimes these crimes involve thousands, potentially millions of dollars. where a felony prosecution migh

mr. change was talking about the program overall. according to barbara hale presented that launch is 5 percent of the potential customer base in terms of gig watt hours used up. that means this is a launch that still has 80 percent of the whole usage of the city that has to be dealt w with. we are not going to have a program if it's only going to work with that power, we are not going to have a program if those people aren't there to purchase that power. if those 80 percent don't have competitive prices there is not going to be any build out to serve that base. even though we spend a lot of time talking about the initial 5 percent, the real concern is 80 percent is because that's where the real job, the real benefit is from the potential customers. that's why the focus around having a very clear plan. in the letter that i sent to you all, we advocates have put together a set of criteria that we feel that build out plan must meet if it's going to be a good basis for decision making and i want to focus on that because those are the kind of criteria, that build out plan has to be able to talk about the amount of investment that takes place. the re