mr. fischer from dallas. mark: a smart guy. mr.antorum: i think he is a really smart guy and we've had some really good conversations and i think he has a handle on some of the problems that are confronting us. john: now that all you guys are into the race, we are starting to get actual policy proposals and people are talking about tax plans. marco rubio has put out a tax plan that has gotten some degree of comment, criticism, and praise. let me make sure i got it right, two brackets, 15% and 35% and getting rid of capital gains and dividends. what do you think? mr. santorum: there is something i like about it. last time around we will put forth a flat tax. it is much more progrowth. we can do some things to make sure it doesn't impact middle income americans, but creates a much more dynamic progrowth environment. i don't like the idea of getting rid of capital gains tax. i like the idea of taxes not weighted toward capital against labor. i think that we will end up with is a lot more investment in people and i don't think that is

mrs. fischer: mr. president? this summer parents across the country will be preparing their children for the coming school year. whether unwinding on a family break, purchasing school supplies returning summer reading books to the library or finishing a summer camp, it will almost be time to go back to school. we owe so much to our hardworking educators. they are the role models for our children who provide invaluable life lessons that go well beyond reading, writing and arithmetic. years before i served in the nebraska legislature i served on my local school board. and as president of the nebraska association of school boards and on the nebraska school finance review committee. these experiences helped shape my views on education policy. as a state lawmaker and they continue to inform my work here in the united states senate. nebraska is truly fortunate to have excellent schools. each school district has unique strengths and they face challenges that are specific to their schools and to their students. because o

mrs. fischer: mr. president i rise today to speak about critical legislation before the senate regarding our nation's transportation regulatory framework and infrastructure. as an active member of the senate commerce and environment and public works committees, i'm proud of the work my colleagues and i have done to develop a strong comprehensive bill that keeps our nation moving by making our transportation system safer and more efficient. while also increasing our global competitiveness. as many of you may know, my father was the director of the nebraska department of roads and through his service and by osmosis, i gained a deep appreciation for infrastructure projects and enabling them to move forward in nebraska and elsewhere. i've spoken with families and consumers, workers and business owners all across the state of nebraska and the message is loud and clear. nebraskans want a long-term highway bill. nebraskans want to bring certainty to local projects and increase safety on the roads and highways

mrs. fischer, proposes amendment numbered 2079 to amendment number 2089. mr. alexander: i call up amendment 2095 and ask that it be reported by number, on behalf of senator peters. excuse me, senator murray. the presiding officer: the senator from washington. mrs. murray: on behalf of senator peters, i call up amendment 2095 and ask that it be reported by number. the presiding officer: without objection, the clerk shall report the amendment by number. the clerk: the senator from washington mrs. murray for mr. peters proposes an amendment numbered 2095 to amendment numbered 2089. mr. alexander: on behalf of senator rondz i call up amendment 2078 and ask that it be reported by number. the presiding officer: without objection, the clerk shall report the amendment by number. the clerk: the senator from tennessee, mr. alexander for mr. rounds proposes an amendment numbered 2078 to amendment numbered 2089. mrs. murray: madam president? on behalf of senator reed, i call up amendment 2085 and ask that it be reported by number. the presiding officer: without objection,

fischer: senator lee: thank you. i see my time has expired. thank you, mr. chairman. >> chairman mccain ask that i recognize senator fischer. senator fischer: thank you. i want to thank you, general dempsey, for the many, many years that you served the people of this country and the military families that have been under you. thank you, sir. mr. carter, earlier senator rounds had a conversation with general dempsey about the act of patience and time and i know the general counsels patience and he has discussed time. what role do you see time playing in our strategy? do you have a strategy on forces, on containing isil? are we going to allow them to be able to maintain control of ashton b. carter: territory for the next three to five years? is that going to be acceptable to us? and do you see risks with that type of strategy? secretary carter: well, i think we're going to continue to strike and apply pressure to isil. throughout this period. we're doing it now. we do it every day. it's had some effect. and we're going to continue every single day as we did ove

fischer: senator lee: thank you. i see my time has expired. thank you, mr. chairman. >> chairman mccain ask that i recognize senator fischer. senator fischer: thank you. i want to thank you, general dempsey, for the many, many years that you served the people of this country and the military families that have been under you. thank you, sir. mr. carter, earlier senator rounds had a conversation with general dempsey about the act of patience and time and i know the general counsels patience and he has discussed time. what role do you see time playing in our strategy? do you have a strategy on forces, on containing isil? are we going to allow them to be able to maintain control of ashton b. carter: territory for the next three to five years? is that going to be acceptable to us? and do you see risks with that type of strategy? secretary carter: well, i think we're going to continue to strike and apply pressure to isil. throughout this period. we're doing it now. we do it every day. it's had some effect. and we're going to continue every single day as we did ove

mr. roubini, of an fisher -- of stan fischer.ley fischer step up and say we are beginning to see elements of what he live at the imf in 1998? nouriel: certainly there are weaknesses in emerging market spirit you have the federal monetization, the china story, the commodity plan, a bunch of countries with high public and private debt external debt. rising inflation. there are elements of fragility in the emerging markets. they sink him, equity markets have done poorly. systematic drill currency, banking, financial crisis, most emerging markets are lower. less on their foreign liabilities, better financial systems more reserves, and so on and so on. are you going to see prices in many of these emerging markets? yes. will you see a sovereign debt crisis? probably not. tom: china has a different rule. their currency is managed to be collate, right? nouriel: yes. 4 trillion dollars of reserves you will not see a banking crisis or the like in the case of china. they are already lying about their data. second quarter, china declared at

mr. chairman. >> senator fischer? >> thank you, mr.nd thank you general dunford for your minis years of service to this country and and and women under your command. like to also thank your family, your wife your son is present today, and your niece who is here today. so thank you sir. i was pleased to see that you listed modernizing the nuclear enterprise among the top challenges that you can expect to face in your response to the committee's advanced questions. he also described a nuclear deterrent as the nation's top military priority. do you believe it's critical that we maintain a full tryout of our delivery vehicles? >> senator, given the nature of the threat today i do believe that spirit and to support bomber leg of of the triad is our with both gravity bombs and the cruise missile? >> i do senator. >> and the gravity bombs agenda at the cruise missiles are entirely different capabilities. and so one doesn't make the of the redundant. is that correct? >> it is. by understanding the issue is that adds a degree of complexity and

mr. mcconnell: i ask consent the fischer-nelson amendment be agreed to, the bill as amended be read a thirdtime and passed and the motion to reconsider be considered made and laid upon the table. the presiding officer: without objection. mr. mcconnell: mr. president i ask unanimous consent the senate now proceed to en bloc consideration of the following senate resolutions which were submitted earlier today -- s. res. 219, s. res. 220, s. res. 221. the presiding officer: without objection. the senate will proceed to the measures en bloc. mr. mcconnell: i ask unanimous consent the resolutions be agreed to, the preambles be agreed to and the motions to reconsider be laid upon the table en bloc. the presiding officer: without objection. mr. mcconnell: i now ask unanimous consent that notwithstanding the adoption of the gardner amendment number 2119 the modification of the page and line numbers which is at the desk be made. the presiding officer: without objection. mr. mcconnell: i ask unanimous consent that the following letter of resignation from the u.s. air force academy board of visitors be

mr. chairman. >> general dunford welcome to you and your family. in your written testimony you state as senator fischer pointed out, that our nuclear deterrent is the nation's top priority. that leads me to a specific question related to how we plan for that priority. the health of our nation's whole nuclear weapons complex is critical to our nuclear deterrent. one of the things in your written testimony is that we must recruit and train our next generation of workforce capable of requiring -- acquiring stockpile influence. can you share with me your thought specifically on ldrd, or laboratory directed research and development? and their role in achieving recruitment and retention of the next generation nuclear workforce? gen. dunford: i frankly has not -- have not developed any expertise and i would like to take that for the record. >> that would be fine, and i look forward to engaging you on that in the future. it is important for us to view some of the particulars of how we manage the labs and particularly, the things that bring people into the pipeline at the front and with the greatest amount of e

mr. chairman. >> chairman mccain ask that i recognize senator fischer. senator fischer: thank you. i want to thank you, general dempsey, for the many, many years that you served the people of this country and the military families that have been under you. thank you, sir. mr. carter earlier senator rounds had a conversation with general dempsey about the act of patience and time and i know the general counsels patience and he has discussed time. what role do you see time playing in our strategy? do you have a strategy on forces on containing isil? are we going to allow them to be able to maintain control of territory for the next three to five years? is that going to be acceptable to us? and do you see risks with that type of strategy? secretary carter: well i think we're going to continue to strike and apply pressure to isil. throughout this period. we're doing it now. we do it every day. it's had some effect. and we're going to continue every single day as we did over this past weekend to defend ourselves against isil including these homegrown people. all that will go on and has

mr. gregory fox, executive vice president operations bnsf railway. michael christensen senior executive, senor supply chain optization port of long beach. miss alt would you like you to give us your testimony please. >> thank you chairman fischerd ranking member booker, members of the subcommittee thank you for the opportunity to be here today. talking about new technologies how they improve both safety and efficiency in our transportation network and the role the federal government plays in facilitating or hindering that development. the volvo group is a world leader in sustainable transportation solution systems. we build stuff that makes the roads and build stuff that use roads. in the u.s. you produce heavy-duty trucks under maim of mack volvo. volvo marine engines and coaches and novo transit bus of the we subscribe to build where you sell philosophy. we more than 12,000 utz employees with nine manufacturing facilities in six states. our goal is zero accidents. i'm going to comment today from a heavy-duty truck perspective because trucking delivers more than 80% of the value of freight that is shipped in the united states. buyers of heavy-duty trucks today can not -- technology that will keep the driver and other vehicles