mr. webster, no. ms. slaughter. mr. mcgovern, aye. mr. hastings aye. mr. polis, aye. mr. chairman no. >> and the clerk will report the total. >> three >> the house rules committee worked on this bill last night that would allow gun owners with the proper permits to carry firearms across state lines. the bill is scheduled to come up on the floor later today. [no audio] >> a couple of live event to tell you about this morning -- republican senator marco rubio will be interviewed by political at 8:15 eastern on c- span 2. a little after that on c-span 3, defense secretary leon panetta testifies about the iraqi security at 9:30 eastern a.m. coming up in a few moments, today's headlines and your calls, live on "washington journal." the house is in session at 10:00 for general speeches with legislative business at noon. today's agenda is scheduled to include file work on the coast guard or reauthorization bill. in about 45 minutes, we will talk about politics and republican candidates for president with a former adviser to presidents reagan and george h. w. bush and an adviser

mr. webster: mr. speaker, i yield three minutes of my time to the gentleman from north carolina, mr. coble. the speaker pro tempore: the gentleman from north carolina is recognized for three minutes. mr. coble: i thank the speaker. i thank the gentleman from florida for yielding. mr. speaker, pardon my modesty but as the only member of the united states congress who is also a coast guardsman, i can speak with some credibility regarding the coast guard. it is my belief that the american taxpayer has more bang for his buck from the united states coast guard probably than from any other federal agency. it continues to do more with less be it the search and rescue program that is endless, be it the drug interdiction that it appears to be endless as well, be it the aids to navigation program on which the coast guard continues to stay on top of the play, be it the ice patrols in the arctic, antarctic, great lakes, and others the coast guard standards always ready. and i thank the gentleman from florida for

mr. webster. gentlemen, thank you both for being here. i appreciate your time and testimony. next we'd like to take a panel consisting of the members we have here in the room, mr. natler, ms. jackson lee, mr. hastings, mr. johnson and ms. maloney. please come forward and please pull a chair up. mr. smith and mr. scott, mr. johnson, do you wish to testify? please take the chair up and we'll -- we're asking you to join this panel. so please pull your chair forward to the table. you can pull your chair right up to the table. does that cover everyone? let's begin with mr. nadler, then ms. jackson-lee, then mr. hastings, mr. johnson and ms. maloney. mr. nadler, let me say i see a beautifully prepared statement. >> with considerable changes. >> i know since you made the changes, i'd like to say without objection that entire statement is going to appear in the statement and we'd welcome your summary. >> thank you, mr. chairman. i'll oe i'll omit the first part of the statement which basically describes why the bill is a terrible bill. but let me just address the p t part -- the amend

mr. webster, no. ms. slaughter. mr. mcgovern, aye. mr. hastings aye. mr. polis, aye. mr. chairman no. >> and the clerk will report the total. >> three >> aradhana >>> now a look at the prospects of the deal being reached by the deficit reduction committee to find least $1.2 trillion in deficit savings by the november 23rd deadline. this is about 40 minutes. >> we're back with senior congressional reporter with politico and this is the front page of your newspaper this morning deficit panel ponders endgame. what is the endgame? >> guest: the $1.2 trillion question i think. these guys who've covered to come up with a $1.000000000000 reduction plan they haven't shown any progress toward that. as we've seen the last couple of weeks the progressive offers are getting further and further apart. people are digging in ideologically. we've seen democrats and republicans have brakes on their own site from each other. the congressman from south carolina who has run this panel said yesterday on fox news that democrats have not coalesced. clearly true republicans as well. so right now

mr. papandreou is still the prime minister of greece. i am sure that is debated hotly as we speak. it is an on-going drama and more like a farce. >> thank you, ashley webster. thank you my friend. >> one thing is clear. there is no leader leading us out of the economic mess. when ronald reagan was president everyone knew who was in charge. that's what we need right now. art, the reality was in the midpoint of his presidency he was hardly that. he grew to become that and who said barack obama can't. >> he has to change pretty quickly. he has to start leading and recognize what creates jobs employees you don't create jobs by raising taxs and deficit spending. when mark zandy said 15 percent unemployment that is nonsense . the reason we have worst recovery and unemployment is because of the stim tim spending and barack obama has to reverse. i had a lovely conversation four or five months ago austin golsbee. we talked about how he could get it back on track and he could. barack obama is a fine, fine person and i really think he is an american success story but he's just wrong. >> when you talked to art, he was one . architects of the spend stimulus. did he agr

webster's would define an intermediary. that's probably the better way to describe it. mr. perlmutter: to the degree that the intermediary exists in this, they'll be subject to enforcement principles as we go through the amendments. with that, i yield three minutes to my other friend in north carolina, mr. miller. the speaker pro tempore: the gentleman is recognized for three mins. mr. miller: thank you, madam chair. exempting this funding source from s.e.c. regulation is not all this bill does. it also prohibiting -- prohibits the state from doing anything. this is not a case where the proponents of the bill are saying, let's not let the federal government do this, let's let the states do this they say, no, the states can't touch it at all. the people of the various states, using their right to vote, can't decide that in their state, they want someone looking at what is being offered to mom and pop investors to make sure they're not getting flimflammed. that's a great deal of the protection, the investor protections we've had in this country, has been done at the state lev

mr. webster, no. ms. slaughter. mr. mcgovern, aye. mr. hastings aye. mr. polis, aye. mr. chairman no. >> and the clerk will report the total. >> three