once they are stabilized, they generated income which helped reduce the deficit, went into the national coffers. so am i unhappy, am i surprised there has been no permanent reform put in place? yes. do i expect anything to be done in the near term? no. maria: do you worry given your experience in china in terms of this spat going on between the two largest super powers? >> it's a grate concern that trade wars ultimately will hurt everyone involved. but it's totally and completely unacceptable for china not to move to open up its markets. this is an untenable position for them to expect the rest of the world to keep our markets open for their companies if they don't open up for foreign companies. so they need to do more to open up. maria: my thanks to former treasury secretary hank paulson. >> announcer: the markets are hitting new highs. hitting new highs. so what could i want some more what's he doin? but, he can't look at him! it's just not done! please sir. i want some more more? more? more? more? please sir he has asked for... thank you what? well he did say please sir yes he did and, thank

once they were stabilized, they generated income which helped reduce the deficit, went into the national cofferse's been no permanent reform put in place? yes. do i expect anything to be done in the near term? no. we have huge dysfunction in washington today, but that's a reflection of what we see nationally. our country is tragically divided. we're polarized and at a time when our economy is so strong and growing so nicely and creating jobs, i think it's really important to take that opportunity today and fix some of the problems that predated the crisis. i think because future crises are unpredictable. the most important thing to do to protect ourselves, while we're strong to fix the long-term problems, so we're more resilient and we maintain our economic competitiveness. maria: with all of the regulators overseeing a.i.g., the insurance giant, how is it possible that it was missed and it was actually as vulnerable as it ended up being? >?>> first of all, all the regulators weren't overseeing it. maria: they were supposed to be, though. >> no, they weren't. they had their own regulator, okay,

between the two nations have grown russia's foreign ministry has summoned the israeli ambassador over the incident the director of the. think tank has been all sorts of interact. coffer told us that between russia and israel are now likely to play out what we expect. as a first response is to limit is really cute ability inside syria and probably lebanese airspace is really is are not going to be given free hand anymore we think it would be the natural response because there will be there must have been a lot of pressure on russia from syrian. leadership from the syrian government saying look these people are really increase you can't stop them you don't upgrade our systems our systems are too old and you don't participate. in this now russia has been a victim of these additional egan's itself so it can be. you know a step forward in this and can draw a line and say ok no more is really. intervention otherwise we will take action and we will always who are and against russian servicemen being targeted and now it happened we're not going to allow this anymore so this is the first response that we expect. the israeli missile strikes came just hours after the russian an

nationals make an illegal $50,000 donation to president trump's inauguration. as the washington post reports, mueller has been probing whether foreign money flowed into the cofferstee that raised more than $100 million. the first evidence that it occurred. this revelation comes on the last business day before labor day as many in washington braced for the possibility of more indictments stemming from the russia probe. this is the deadline that donald trump's lawyer rudy giuliani set for mueller to be finished with his investigation or wait until the midterm elections. >> i think if it isn't over by september, then we have a very, very serious violation of the justice department rules that you shouldn't be conducting one of these investigations in the 60-day period. >> with the midterms only 67 days away, it is possible we may not hear from mueller until november. but giuliani says the trump legal team is working on a report to refute mueller's conclusions. i may have them, by the way. a new report breaks down the list of possible evidence that mueller may have on trump that has not yet been made public, including -- get a pen for this -- trump's tax returns, tru

coffers. if we get nothing else out of this louzy mark-up today, let's remember that our national debt is not the fault of low income seniors. it's the result of policies like the one that we are talking about today drafted by members in this room. the people we represent deserve better. i yield back. >> the gentleman yields, mr. thomps thompson? will the gentleman yield? >> the gentleman yields back his time. mr. smith, you are recognized, strike the last word. >> thank you, mr. chairman, i have a question for mr. bartol, on the 199-a issue, there was action that we took i believe in a bipartisan manner as well, to address the issue that come to be known as the grain glitch. now, that fix of the grain glitch would be permanent with this action. is that correct? >> under this legislation, that's correct, sir. >> so, this legislation would be necessary in order to make it permanent? >> by making the 199-a provision permanent, the fix that congress enacted in february would be made permanent as well, yes, sir. >> okay, thank you very much. i appreciate that, and i think it shows that we can com