. >> on today's washington journal national economics correspondent kevin hall on unemployment figures. and auto industry bailout with justin died. and a look at the student loan application process with the national association of student financial aid administrators. washington journal begins at 7:00 eastern time on c-span. >> you are watching c-span2 with politics and public affairs featuring live coverage of the u.s. senate. watch key public policy events and the latest nonfiction authors on booktv. you can get our scandal that our web site at you can join in the conversation and social media sites. >> this year's commencement ceremony at colorado college. you would hear from the

weighing on the president had to be the enormous financial cost of the war, at a time when the nation's economic recovery continues to stall, if not falter. >> america, it is time to focus on nation-building here at home. >> reporter: but even in spite of the economic woes at home, those fighting the war, including obama's top general, think he may be wrong and wanted a slower drawdown. >> i know that general petraeus thought withdrawing them so quickly was higher risk than leaving them in there longer. yet president obama says, we're doing it anyway. going against general david petraeus has to be hard to do. >> well, you know, the general is one of the best military commanders that the united states has seen in a long time. but the president is still the commander in chief and his boss. and as a result, he's the one who makes the calls and whether or not it's the right pace or the right thing to do. >> reporter: case in point, the president's decision to raid the compound where he believed osama bin laden to be hiding. >> the united states has conducted an operation that killed osama bin laden,

[captions copyright national cable satellite corp. 2011] >> coming up on c-span, white house national economic council director gene sperling talking about the debt ceiling and the national debt from yesterday. "washington journal" against the top of the hour with topics that include military operations in libya, medicare spending, and the global food market. that is at 7:00 eastern. this week, the national telecommunications association is holding its annual convention in chicago. this weekend, we will show you some of those events. on saturday, executives from time warner, viacom, cox, and comcast will talk about the state of their industry. on sunday, an interview with the fcc chairman and then a discussion on next year's presidential election with president obama's campaign strategist david axelrod and former rnc chairman ed gillespie. the convention coverage begins saturday at 10:00 a.m. eastern here on c-span. >> your watch and cspan, bring you politics and public affairs every morning, "washington journal" connecting you with elected officials, policymakers, and journalists. watch live

others including former national economic council chair larry summers, peter orszag and christina romergoolsbee lost his tenure at the university had he not returned for the coming school year. >>> still ahead on "way too early," a couple games ago, the vancouver canucks were biting, lit by biting the boston bruins. last night in game three of the stanley cup finals, they were knocking them out cold in the middle of the ice. this guy went to the hospital. highlights of this brawl ahead. >>> plus, jon stewart grapples with the anthony weiner press conference trying to balance mockery with sympathy for his friend. we'll show you stewart's take and get you to weather when we come right back. a vacation on a budget with expedia. make it work. booking a flight by itself is an uh-oh. see if we can "stitch" together a better deal. that's a hint, antoine. ooh! see what anandra did? booking your flight and hotel at the same time gets you prices hotels and airlines won't let expedia show separately. book it. major wow factor! where you book matters. expedia. ♪ >>> 2:44 in the morning in las vegas

they're doing it for their own national economic reasons. they're developing resources for them, they do it wherever there's oil and minerals and in latin america. >> what do they want to whitewash? >> they've got a huge population to support. they're doing things out of their own national interests. they're not necessarily doing it to tweak us, although that's -- >> global power. >> they're never going to be a leader because they never have followers because the self- interest is so naked. there's no idealism or purpose there that anyone can get beyond. >>> say that, but i know of a phd students who are over here, from china, and they used to stay here. they don't stay here anymore. they go back to china. >> parts of the reason is we don't let them stay here. >> i don't think that's the reason. i think the reason is -- that the future is in china! >> china is succeeding where the rest of the west is failing right now, john. >> why is the west failing, pat? tell us? >> because the west is in terminal decline. >> oh, pat! >> >>> predictions,

finding common ground on the nation's economic future. here's jared bernstein, senior fellow at the center on budget and policy priorities and former chief economist to vice president joe biden. >> the current debate over economic policy is generating a lot more heat than light. the debt ceiling, the budget, medicare, tax policy, stimulus. in each case, the stakes are high, both for the broad american middle class and for global investors. but beyond these specific policy disagreements, i fear that we're not getting to the common thread at the heart of these issues. what do we want the role of government to be in our lives? what is it that government does best and markets do least well? we have the freest market economy in the world, but there are some key functions it cannot efficiently fulfill, like retirement security, protecting the vulnerable and investing in public goods such as infrastructure and education. there's a reason why medicare and social security are so popular, and why you see similar programs in every advanced economy.

russian economy and stand corruption for threatening the country's development speaking at a national economic performance and he reinstated his commitment to modernization pledge to drastic measures to create a better investment climate. for the e.u. plans a third set of tougher sanctions against syria as a crackdown on protesters continues to be claiming at least sixteen lives on friday but some experts warn the sanctions could be paid for it could be a start intervention. next trip to a tourist hot spot in russia's south in a special report. if you're taking the first trip to russia you'll probably be more inclined to pack a fur coat rather than a bucket and spade but if you have down south to the christmas dollar region you'll find long sandy beaches and hundreds of kilometers of beautiful coastline literally millions of people flock here every year proof that while russia may be famous for its snow and skiing there's plenty of sun sand and see here as well. this is the longest developed embankments in europe fourteen kilometers of it and in the middle. of white. resent the hopes dreams an

borrowing greece has so far been the worst hit it and others economic disasters have mentioned peals for bailouts this makes it difficult for national governments to you friend. possibly pouring more money into the coffers of responsible or inefficient members with increasing tension in need you are economic mismanagement some for seed big problems ahead economy corporation. based on a single currency europe. is. going to be history in the near future meaning that turkey will likely remain an independent trader for some time to come turkey's markets are famous to tourists and traders alike taking that mercantile spirit to europe but one seems like a good idea but with all the riches here not in europe no longer seems like such a profitable move tom barton r.t. istanbul turkey has a euro zone's debt burden it shows little sign of abating e.u. members that decided to stick to their own national currencies are breathing a sigh of relief that's a view of yourself your fate and it are of german newspaper designed. those european nations not be well know we. can. do the right thing. there's no way we can avoid it it will have to be done.

let's get down to business now and join mare treasure who is at the same boat as burke at a national economic forum. that's right these are the days when the sun doesn't set on russia's northern cop at all but it is going down on russia's on the st petersburg international economic forum or president dmitry medvedev capped off the entire event with a address during a panel discussion that he shared with the presidents of finland the prime minister of spain and the president of kazakhstan where they discuss the challenges facing the global economy the russian president called on all countries to jointly handle challenges facing the global financial system and he said united efforts and policy will help pull countries out of the deadlock and the doldrums that are facing the global financial system he said a key priority for russia in this case is to integrate more with other countries in the global economy and foster better cooperation with all of them and part of that a keystone of all that he believes is the establishment of moscow europe's largest city as a major financial hub for the global

. >>> surprisingly weak job numbers today are raising concerns about the nation's economic recovery. in may, the unemployment rate was up, and numbers of -- and the number of new jobs created was lower than it's been in eight months. let's bring in scott budman keeping track of these numbers. scott, it's always dicey around here, silicon valley, relatively healthy, but across the country, not so much. >> when you step out of the tech industry things are still going slowly. after months of optimism, worry is starting to settle in. worry about the entire economic recovery being in jeopardy. close to 14 million americans now unemployed and employers adding the fewest number of jobs in almost a year. at a toledo, ohio, chrysler plant, president obama tried to put the best spin on disappointing job numbers, only 54,000 added last month, pushing unemployment up to 9.1%. >> the economy's growing, even though it's created more than 2 million jobs over the past 15 months, we still face some tough times. we still face some challenges. >> reporter: the numbers overshadowed what was to be attent

federal reserve chairman ben bernanke says the nation's economic growth seems slower than expected withabor markets losing momentum in recent weeks. bernanke made a speech in the united states -- the u.s. state of georgia on tuesday. >> u.s. economic growth so far this year looks to be somewhat slower than expected. with the effects of the japanese disaster on manufacturing output likely to dissipate in coming months, and with some moderation in gasoline prices a prospect, growth seems likely to pick up somewhat in the second half of the year. >> bernanke also stressed the fed will maintain its extremely low interest rate policy for the time being and keep a close watch over the u.s. economic outlook. separately on the same day, president barack obama also commented on the economy. he said a double dip recession is not a concern at the moment, although it is unclear if job growth will rebound soon. >>> now, let's take a look at the markets. the dow fell for the fifth trading day in a row after comments from the fed chairman failed to inspire markets. to see how stocks are trading here i

in one of these st peter's got into national economic forum has been discussing how to avoid another global economic meltdown and encouraging major brands to take a fresh look at the new horizons of unrest in the rockies. between tentative peace in the levy at the knees a office and island venue for talks between kind of kids out there is opposition rebels it's also called for russia and the african union as a mediator is at the grammys envoys touring the region in efforts to broker peace. right now an all round view of moscow next as national interest explores all googly one of the most picturesque roads you'll find. hello and welcome to the moscow outsell the program this week i'll be exploring the capitals gathering approximately sixteen columbus's in succumbs france it was recently created in the early days of hundreds as a tree lined boulevard took place the city's outer wall today is undeniably the heartbeat of the russian capital and the stars of the are right next to the moscow river at the famous public outdoor space goalkeeper hogg. the golden ring consists of seventeen ind

pledges drastic measures to great a better investment climate in the country speaking at the national economic forum in st petersburg also warns that corruption and excessive state influence in business and trade threaten become trees development. also u.s. congressman threatened to cut off funding for the leave it campaign saying a gone ways and acting illegally you know what seek you want to burgle to extend american military baldwin to last in ninety days of the white house however denies it needs permission from council held. under new wave of protests in syria of the tools a third round of sanctions against the country germany and france meanwhile say it will put pressure on russia and china to support a new resolution on syria with critics fearing it's part of a build up for another devious style of the match. as the headlines up next it's how into the show spotlight talks to the project leader stream gas pipeline kramer and will be a new route it may mean for supplies to europe. hello again and welcome to spotlight we share on our take and i'll do another one today my guest is marcel gr

with the bed of mystery as the russian president rounds old thing to national economic forum in st peters the question of his running for a second time remains unknown said. george confidant on the extradition of alleged russian arms dealer big to boot from thailand to the united states saying the evidence is so lame see. the greek tragedy the country's prime minister says that means another one hundred ten billion euro bailout void default on its huge loans as a stereotype lines ignited massive protests on the streets about. how and welcome to the program this is all teasing weekly review and you know ship of our timeline story now nato has admitted its forces killed civilians in an asse trial which hit an apartment block on a trip and it's been sunday gadhafi regime officials say two babies who were among the nine dead the lines blamed a weapon for giving a stray instead of hitting a military missile site. indications are that a weapons systems failure may have caused this incident so the incident has sparked widespread public outrage among libyans with conduct at the show saying it pro

china russia trade an economic relationship and the huge development between two nations i believe is not only of the impacting the european continent but also the global scene i believe the wall these are at the crossroads historic crossroads or some may say the wallace and the brink of either being subdued war or the coming to us nato military intervention in libya now moving into parts of really syria or even to iran. russia or china or these air sea walls in the alliance we saw that not enough to stop the u.s. led nato military aggression in the north african region so i hope saw that as see all russia or china or china will be russia leaving leading this new global move known to balance the power in the wallet so that they can build a new world order or we are no more you learn to row aggressive or even clone your own net or balaji being put into a sovereign nation such as libya. ok me up for you the russian businessman being lined up for jail not just his daughter victim has to appear in a new york court his defense accuses politicians of twisting the jury's arms to keep him beh

national economics can do these at least eighteen months and thirty percent cheaper thanks to the incentives and breaks we can offer here if. those benefits are enough to attract me khurana already an established player in the russian microelectronics market with twenty years of experience and more than a thousand highly skilled staffers on their payrolls sitting up inside the zone where firms pay social taxes in a bargain fourteen percent on salaries instead of the russian standard thirty four should keep their clean room contrails compensation highly competitive while allowing the krondor branch out on new products and partnerships their microchip production is largely directed towards hardware for telecommunications systems radio locator devices and microwave electronics all fields with fierce international competition for new ideas and markets but they've already shown their ability to corner important mishits mccrone is applying top quality microelectronics systems to the specialized needs of siberia's economy river transplant was long been a lifeline for isolated cities like homes and

and i were joined by a match rather to continue our coverage of the same bet as work at a national economic forum. the sun does not set on the st petersburg international economic forum but today is day three and that means it's the last day to get all the business done and all the speakers spoken all the deals side here in russia's northern capital now the focus of the afternoon has been talking about moscow as a financial hub it is europe's largest city and definitely something that has the potential to be a big deal in a big deal play or any international financial game the idea is to move jobs over a decongestant center of the city move them towards the outskirts of the city in order to free up infrastructure and space for private capital to move in and for the establishment of new business in russia this is something that president medvedev outlined in a keynote address that he gave i here at the conference something that is going to help ease traffic congestion and bring more working professionals into the synth center of the city and towards the new moscow city area that will be help

hard first the economic and crisis in michigan is throughout the state and is really this is a national economic crisis that was caused by the failure to regulate the financial industry it was caused by national policies that at the industrial midwest doubly hard know what is really this isn't a case of one look at only having bad finances this is a case of working a huge factory closes the who's that's basically who's when they lose jobs. but this last few is not what we're what we are most at issue and he's not the idea that the state doesn't have not to do something to stabilize local communities finances but rather this lawsuit goes well beyond disputes powers to be emergency managers to decide where scrip would be how close we would be to a church to decide who on the building commission will be removed or replaced and determine which buildings of historical significance will be safe here demolished those are political decisions and those are policy decisions they are not financial decisions in any sense and in natchez it's just going way too far. if a kid is speaking together and actually

i'm very sorry that -- [applause] [inaudible conversations] >>> white house national economic council director gene sperling has been participating in the discussions between vice president biden and congress over the budget. she spoke this week about the federal debt at a conference hosted by the committee for a responsible budget and the new america foundation in washington, d.c.. in this 20 minute portion you will also hear from former republican senator alan simpson, who cochaired the national commission on fiscal responsibility and reform. >> thank you. i'm sorry i could not be here at my initial time. but we were in -- i don't know if it is meeting six or seven of the group, and it won't surprise you to know that i'm not going to reveal too much or negotiate, but i will say the following. it is a very serious process, there is a seriousness of purpose in the room. everybody at that table takes it very seriously and comes well-prepared, and goes line by line through the details. so the talks are toft believe cutoff but positive and progress continues to be made. let me just make

that is to do list in which he outlined russia's direction in st petersburg this week thing to national economic forum staged to breathe new life into the country's investment climate and attracted some of the world's business and political heavyweights and he's and he said now it sums up the showcase highlights. wired as they sent based on stifling corruption dees rationalizing power and government reforms all goals voiced by president mediated at this year's international economic forum here in st petersburg were how russia is going to attempt to become one of the world's biggest and most active economies was laid out. we shouldn't hesitate to say goodbye to many bad habits we should focus on the following improving the investment climate in russia to create new jobs in the regions the creation of a modern police service and over security forces improving the effectiveness of the justice system and finally the modernization of government of course the main bad habit as the president calls it is corruption which he says is choking russia's economy this was his message to the country's officials

numbers involved in this year's program this is the fifteenth annual sinkers we're going to national economic forum thirty two million dollars budget it's a twelve percent increase over last year's two thirds of that coming from the sponsors so there are many many partners involved here and dozens and dozens of companies also involved all of this and plenty more tomorrow when the next day when the conference starts again see you all then presidential aide says this year's forum is more important than ever for us as it begins to look east as well as west for investment the focus is on russia's energy cooperation with china now its largest trading partner the two sides are discussing a landmark deal it will enable russia to deliver on all seventy begin to pick meters of gas to beijing within thirty years the price is still a sticking point but has to leave an agreement will eventually come because both countries steps back. i'll groovy market share in china if you're mean about it up a divorce of consumption on all four cross-court on this expedient is two hundred sixty four billion cubic meter

in the book its national economic forum a thank you indeed for that from the of course we will have live pictures of the speech president and get it as soon as we get it out. of the u.s. the president is under thought from congress over the military campaign in libya which is continuing despite not having the approval of lawmakers barack obama has rejected accusations that would always be. well given that americans are only playing a supporting role through nato which makes it legal to snatch a chemical. u.s. lawmakers are saying that president obama has to either stop waging war in libya or ask for congressional approval the lawmakers claim that the military action will violate the nine hundred seventy three war powers resolution if it does not and by friday and they mean this friday ninety days after the intervention began under the u.s. constitution to wage a long term war the president needs to get accusation from congress and really say the obama administration will certainly find a way to get around the requirement by referring to his right as commander in chief as well as certain

. >>> another key measure of the nation's economic health did not fare as much.the confidence fell to 58.5. that's 3.2 index points lower than may. and 31 points on what is considered healthy. >>> french finance minister christine lagard has been chosen as the new chief of the monetary guard. lagard is the first woman. she replaces dominique kahn. >>> police fired gas at protesters. workers walked off their jobs to protest measures. the measures must pass for greece to get money from the monetary fund. protesters say they don't like the tax hike, salary cuts and lay offs in those proposals. >>> on wall street as investors kept an eye on the developments in greece, stocks rallied for a second straight day due in part to the unexpected good news we just mentioned on the housing front. the dow saw a second day of triple digit gains, it close up 145 points. >>> it's a violent illness just about the last thing you would want to get when you're on a cruise of a lifetime. consumer editor tom vacar here to explain why there's a top to bottom federal health inspection pla

. >>> senator barbara boxer came out swinging against republicans blaming them for the nation's economicoxer criticized the bush era tax cuts and praised president obama as being the last administration. she says it is hard to get things done in washington because things are so partisan, something she also blamed republicans for. >> what happens to the people when politics, raw politics becomes the central focus of the united states senate? >> boxer said democrats in the senate will keep introducing jobs bills until they can get enough votes to overcome filibuster threats and bring them up for a vote. >>> department of homeland security says it is keeping national guardsmen in place along the u.s.-mexico border for at least three more months. the guard unit support the border patrol watching people from coming into the united states illegally. the obama administration deployed 12,000 soldier and will spend an extra $35 million to extend the deployment through the end of september >>> u.s. conference of mayors plans to debate whether the money spent on the wars spend in iraq and afghanist

beyond national economic survival from the disastrous crash and depression which alone would have marked his administration a success, roosevelt abscission looked beyond the immediate economic recovery. he set his sights on permanent structural changes in the relationship of americans to the economic system and to each other. in a democracy, prudence and justice demanded that economic power strong enough to imperil the whole society must be subject to public scrutiny and regulation and for a long time it wasn't. roosevelt understood an increasingly impersonal and materialist industrial economy, poverty and insecurity could endanger the very survival of a democratic society, thus the new deal. let me of letter agencies produced during the famous hundred days and after was designed to harness the uncontrolled power of capital in the public interest. in what came to be called the second new deal, security and freedom became the objectives of the effort for minimum-wage laws, unemployment compensation and social security provisions for the disabled and aged. the g i bill of rights redirected

, technologically, about to become the most powerful nation economicallybe inconceivable? nobody had any such perception or expectation. >> now, since you opened the door, the relations between the united states and china had been strikingly stable. we've had lots of variation in almost every other part of the world. but if you look at president after president from both parties and the chinese have also had a pretty stable relationship which has been basically to try and get america's help in modernizing their economy, tacitly supporting a lot of american foreign policy, this are lots of people who believe that this is all changing now. that the chinese have become powerful. that they are now feeling the confidence particularly in the wake of the financial crisis, and that you're going to see a new chapter in chinese foreign policy. what do you think? >> there are elements in china who particularly after the financial crisis feel that there has been a fundamental shift in the balance of power and that the international conduct of china and the results of

this afternoon at the white house, the president addressed the nation's economic woes. >> i am concerned about the fact that the recovery that we're on is not producing jobs as quickly as i want it to happen. we've still got some enormous work to do. as long as there are still some folks out there who are unemployed looking for work, then every morning when i wake up, i'm going to be thinking about how we can get them back to work. >> and that's why we begin our broadcast not with whether anthony wiener can hold onto his congressional seat in new york, but whether president obama is now in serious jeopardy of losing in 2012. let's get more now from chuck todd, nbc news chief white house correspondent joining us live from washington. good afternoon, chuck. and the numbers, they say it all. americans are deeply unhappy and they're looking for change, aren't they? >> reporter: well, they are. and you talk to the foux helks at the white house and they're not surprised by the poll numbers. they have seen similar numbers they have seen from the campaign for the dnc, and about the only thing th

national economic council director larry summers. omb director orszag.parture comes as the administration attempts to explain away the struggle economy that only seems to be getting worse. according to cbs news, 45% of unemployed americans are 6.2 million people have been jobless for more than six months. what does our president have to say about that? >> the president: there are always going to be bumps on the road to recovery. we're going to pass through some rough terrain. >> sean: joining me with reaction former tennessee center, fred thompson. good to see you. >> good to see you. >> sean: we love having you back. any comments about anthony weiner? >> another fine mess you got to get to the bottom to sean. the quality of scandals going down in country. you remember watergate. what did the president know and when did he know and when? now it is what did the congressman show and when did he show it? down you think the quality of scandals has gone down in this country? >> sean: i really do. i knew i wanted to invite you just for that reason. here's u.s.

marquee issue of the economy, tim pawlenty became the first republican candidate to roll out a national economic plan. >> start as a nation with a big positive goal. let's grow the economy by 5%, instead of the anemic 2% envisioned. >> to reach the goal of 5% gpd growth, the former minnesota governor proposes deep cut in spending and regulation. including chopping the federal business tax rate from 35 to 15%. phasing out federal regulations on businesses unless congress votes specifically to keep them. pawlenty would ask congress for emergency powers to freeze federal spending until the budget is balanced. >> my impression is he is proposing economic argument to close the deficit. >> he wants to replay the same formula that got us in the jam in the first place. >> the abc news, "washington post" poll says obama -- [ inaudible ] if there opportunity for the sputtering economy he acknowledges that there is danger of a plan early. congressman paul ryan medicare overhaul was well out in front. and pummeled by democrats. pawlenty in his address says a risk taken. >> already, the dnc is posest posting