here's to nfidence. gillette helps you look, feel, be your best. gillette. the best a man can get. . [bell ringing]. >>> the winning streak continues on wall street. for the seventh day in a row the dow closed higher finishing the day up 67 points to close at 8915. the nasdaq climbed nearly 7 points and the s&p 500 rose 3 points. >>> federal reserve chairman faced sufficient questions from congress as he delivered his semiannual report on the economy. lawmakers are frustrated with the slow process toward recovery. >> the economy has improved. >> reporter: he pointed to glimmers of improvement in the economy. >> that is very important. >> reporter: but admits there's a long way to go. >> if the economy turns up in terms of production unemployment is going to stay high for quite a while so it's not going to feel like a strong economy. >> reporter: bernanke says it's too soon to back away from stimulus strategies which means he plans to leave interest rates near zero for a while longer but had the time is right the fed will be ready. the extraordinary policy me

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of president oboba a diining low 50% what is white e house doining w w tohore up congreressiol l nfidenceand albaco tuna, crab, salmon anocean fish flavors. >>> this guy was a pervert. heas a child molester. he was a pophile. d to be giving this much coverage to him day in a day out, what does it y about our country? >> that wanew york congssman, republican congressman, per king last weekd. >>> ti for the "politics fix" nowith susan page, washington bureau chief for "usa today, and jafferers. re's shelia jackson lee on tuesday athe jackson service. >> we have introced into the house of representativhis resolution 600 that will be debated on the floor of th house that clas michael jacksoasn american legend anmusical icon, a world humanitarian, meone who will beonored forever and forever and forer and forever and rever. >> san page, last time i checked, theay before the memorial, she had exactly e sponsor on that resoluti in the hoe. is this thing actuly going to make it the floor of the house? if it does, is peter king going to be a lone voice of oppositionor the leader of a g publican mov

bear fm the private sector, from foreign governmen and foreign central banks thathey tell us in nfidence about what's going on in their business. so iwould inhibit the discussion and it wld be less the policyoming out would be less good. we do makeranscripts and we lease them after five years. >> if they want to get transparent, you could srt there, couldn't yo >> lman: journalist william grder thinks the fed isn't going nrly far enough. >> you could say, okay, have to ve our meetings in secret becausthings will be said that are national security srets, but we'll vet the transcriptnd release it fr weeks later. why not dohat? >> solman: ough the fed does plish minutes of its meetings within three weeks of t decisis it makes. author of a majorook on the fed, "secretsf the temple," reider says the fed began inlating itself back when it started nearly century ago. >> thisas the progressive era, which lieved deeply in good government. itepended on professionalizing the managemenof government and that meant in some degree getting it out of the has of people, thunruly public with its passions a

rose: and its nfidence? >> and its confidence. >> rose: they sometimes talk about grand bargainwith reect to russia andhe anti-msile system. is tt possible? is that reasonable? isthat a direction that's fertile? >> i think it's certainlywhat russia wants. that what i was going to say. i think to get russia play on iran, russia'soing toook for something big beuse i think everybody assumes...we've done this dance so many times, the yilt lookingor sport on iran from rush shalt and you have to ask at a person pointdoes russia reallwant to play this game? do they really wt to help on iran the way we d i mean if iranis ultimately solved and in and the united states suddenly form some sort of relationsh, that leas russia a little bit out in the cold and not nearly as much of a power broker. so you hav to question just how much rsia wants thato ppen. yes, russia lives a dangerous neighborhood. yes we assume india, paktan, china, the last thing they want is a nuclear iran but at the sameime they might not want to ins

economy is very, very importan probly number one to the american people,ut the president has their nfidencehe is doing good job, and it's going to work we. >> i ask you if you misread this. you are the senator from n york. you have your fgerthe pulse o t financial center of this country. this is a list of econosts and others who said tt unemployment would be worse than e administration anpated. do y agree that everyone got it wrong, or did the white house get it wrong? >> well, botto line is i think the estimates were allver the place, and eveone said it's very hard to chart this out, because, again, w were in unchartered waters. >> there were ctaineople who sa umployment would get worse, you nd a much bigger stimulus, they have g the wrong medicine. there were many, mostly many on the republican side and elsewhere,ho said we need a smaller stimul, and we don't need this kind of thin e president -- i mean, i remember larry somers and oths sayinge're trying to g the number right, but erring on the side of having it hher because the down side is significant. >> so you put yourself in their lo

probably number one t american people, but the president has their nfidence. doing a good job, and it's going to work well. >> but i asked you if you misread this. you are the senator fr new york. you have your fingern the pulse the financial center of this country. is is a list of economists and others who said that unemployment would bworse than the administration antipated. do you agree thaeveryone got it wrong, or did t whiteouse get it wrong >> wel bottom line is i think the estitewere all over the place, and everyone said it's very hard to chart this out, becaus again, we were in uncharred waters. >> the were certainly people who said unempyment would get worse, you need a much bigge stimulus, they havgot the wrong dicine. >> there werma, mostly many on the republican side and elsewhere,ho said we need a smaller stimulus, and we don't ed thikind of thing. the president i mean, i rememberarry somers and others yi we're trying to get the number rightbut erring on the side ohaving it a little higher because the downsidis significant. >> so you put yourselfn

on the eonomy, consumer nfidence flagged this month as americans wored about job secuty. the "conferen board" a busins research group reported its confidence iex fell for theecond month in a row. wall street respond to that news wh a mixed day. thdow jones industrial avera lost more than1 points to clo at 9096. the nasdaq se 7 points to close at 1975. a n budget to close a huge deficit is now lawn california. goveor schwarzenegger signed the $85illion spending plan today. he also used a line-item vo to mae additional cuts in chi welfare, aids preventionnd healtcare, among other programs. the governor said the budget amounts to "the gd, the bad and thugly". >> demrats andrepublicans alikehate to make cuts in education. and in health ca. and human serves. and services tohe vulnerab citizens. all those things were very toug, and ihinkhat's why you don't see us celebratin le we usually have. >> lehrer: thecompromise budget is designed to close a defit of $26 billion the ste had been forced to issue iou's to conserveash. fbi agts searched abroad today for suspect in an alleged

bnced around by what happppen t tod o expoportnunuers, which we good or what happenss on consumemer nfidencewhich was ba anand en keep adststin soso i think ththat yes, the economy isvery,erery important. probably number one to the erican people, but t t presesidt t s their confidence.. he is doing aooood job, and it's ing to work well. >> i asked you iou misrsrdd this. yoyoararehe senator from new york. u u ha your finger on thee pulse of the fininanalalenter of this country. is is a l lt of economistss and others who s sai that ununemoyoyme would be worse than the adadmiststraon anticipatete do you agree thahatveverye got it wrong, o or didid t the white get it wrong? >> well, bottom linin is i tnk thesesmates were all overr t ace,ndnd everyone saidd i it' veveryard to crtrt this out, because, again, we were in unchartered wate. >> thereere certainly people who said unemployment d get worse, you need a much bigger stimulus, they have got the wrong medicine. >> there were many, mostly many on the replican side and elsewhere, who said we need a smallestimulus, and we don need this kinof thin

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