i am confident that she will do a great job at omb. those values are especially important to remember now as we continue to try to find a way forward in light of the budget cuts that are starting to cost us jobs already and hurting our economy. as i said, the american people are resilience and i know that jeff and sylvia will do everything in their power to block the impact of these cuts on businesses and middle-class families, but eventually a lot of people will feel some pain. that's why we've got to keep working to reduce our deficit in a balanced way. an approach that is supported by the majority of american people, including a majority of republicans. i am confident that we can get there to its people of good will come together. i want to thank steve and lisa and jeff once more for their outstanding service, for all the great work they've done in this administration over the last several years. i want to thank ernie, gina, and sylvia and her families for agreeing to take on these big roles. i hope the senate will confirm them as s

nominating two omb, sylvia mathews burwell.tion, then secretary treasure ruben, under clinton. i'm not sure anything, though, prepares you for running omb itself. >> no, and certainly not at this extraordinary time of standoffs that have been persisting for two years. the sequester process that nobody wanted to happen. it's now happening, and on your watch and you're responsible for it. as i mentioned before, she had a reputation as a very steady and competent hand in the clinton administration. so i think president obama is likely to be well served by his choice. i wouldn't expect to see any significant republican resistance to her appointment. >> anybody else that you expect him to address specifically today? >> well, he's going to announce the ernesto muniz for energy secretary. gina mccarthy for head of epa. i don't expect an announcement on commerce secretary, which is one we've been focused on. penny pritsger, the hotel executive, is one who has been talked about for that job. white house officials have been indicating it

as the new head of omb, sylvia matthews burwell.currently the head of the wal-mart foundation. she work used to work at omb during the clinton administration. ernest moan niz -- monniz, new energy secretary. gene that mccarthy, epa air office is appointed permanent head of the epa all these require senate confirmation. ashley: peter barnes in washington. thanks so much, peter. >> you bet. tracy: now that those spending cuts are going into effect what will it mean for washington's next battle over keeping the government running? mark your calendars, march 27th. gerry seib, "wall street journal" bureau chief. gerry, there is some talk out there this might be an easier battle than last time. >> it starts to look that way. i don't think either side, either party has much interest in flirting with shutting down the government on march 27th because a bill can't be passed to fund the government for the remainder of the fiscal year. i think the likely scenario, this will start unfolding this week already in the house is a bill, so-called co

maÑana sabado le llego la hora timothy bradley para hacer la primera defensa de su titulo welter del "ombkov" es un hombre agresivo que siempre va de frente buscando hacer daÑo a sus rivales... el dia de hoy bradley comento que no dejara nada a la especulacion,, y que despues de este combate callara la boca de aquellos que han cuestionado su triunfo de nueve meses atras contra el filipino manny pacquiao... jf on chroma tag-out ---hoy dio inicio la fecha numero 11 del clausura en mexico,, chiapas frente al morelia... a esta noche veremos el resultado de este partido y tambien el resultado entre estados unidos y puerto rico en el clasico mundial de beisbol... nos vemos esta noche,, que siga teniendo una buena tarde... ===roll ticker=== cesar ---vamos a la pausa comercial pero a continuacion... take vo cesar ---el cuerpo del presidente hugo chavez es trasladado a un barrio popular de caracas... ===roll ticker=== blanca ---hoy finalmente se traslado el cuerpo del presidente de venezuela hugo chavez a su destino provisional de descanso. take vo ---luego de 11 dias de velatorios y un funeral de

san antonio ante el estadounidens e invicto austin trout para unificar el titulo super welter del "omb el momento esto es todo en la informacion deportiva,,, ---blanca - cesar adelante... ===roll ticker=== blanca ---vamos a la pausa comercial pero a continuacion... take vo blanca ---un hombre que estaba dormido literalmente se lo trago la tierra... las imagenes al regresar... take vo cesar ---disminuye la ayuda que los mexicanos en estados unidos envian a sus familiares en mexico... ===roll ticker=== cesar ----en enero de este aÑo, disminuyeron en unos 350 millones de dolares las remesas enviadas por trabajadores mexicanos a su pais de origen... take vo ---segun el banco de mexico, este es el nivel mas bajo en dos aÑos... ---duante el mismo periodo en 2012 fueron mas de mil 506 millones de dolares y este mes de enero apenas fueron mil 471 millones lo que significa una disminucion de .04 porciento... topvo cesar ---tambien en mexico esta tarde se ecuentra hospitalizada la lider sindical elba esther gordillo, ya que desde ayer empezo a reportar problemas de salud, por lo que su medico pa

aviation administration, out of $24 billion there is 11 that's exempt. 13 is subject to sequestration and ombit in the end. it's not as draconian and the world won't stop. >> what about the cuts to the f.a.a. and the potential impact on domestic travellers. how will things be different if the agencies managed the cuts themselves and are you expecting a lot of upset this week given the domestic travel situation? >> no. if there is an upset we have to ask what are the federal managers doing. remember, they had discretion within the department. now they say they will close air traffic control towers. there were offers in the 90s that several air traffic controllers need to be shut because they are low activity. for example if they farmed out some of the towers they are threatening to cut. they have been asked to close. they have been asked to privatize. a private tower costs $500,000 a year. f.a.a. tower costs $2 million a year. there is huge savings there. many of the cuts have been on the books for years. this is a market correction for government. if approached with the right attitude they ca

so i am absolutely confident that she's going to do great job at omb. those values are especially important to remember now as we continue to try to find a way forward in light of the budget cuts that are already starting to cost us jobs and our economy. as i said before, the american people are resilient, and i know that jeff and silvio will do everything in their power to blunt these cuts on the middle class families, but eventually a lot of people are going to feel some pain. that's why we've got to keep on working to reduce our deficit in a balanced way. an approach that's supported by the majority of the american people and putting a majority of republicans. and i confident that we can get there if people of good will come together. so i want to thank steve vanocur alisa and jeff once more for their outstanding service, for all of the great work that they've done in this administration over the last several years. i want to thank ernie and gina and sylvia for they are taking on these roles and i hope the senate will confirm them as soon as possible

she will be only the second, if confirmed by the senate, only the second omb director. land was the first. dan, i want to get back to you, whenever the president makes any sort of nomination, somebody has something to say about it. are there any red flags we know of here, anybody that may come out and say we don't agree with this nomination? >> reporter: what we've seen so far is folks want to get a sense of exactly what it is, look through her record before they've come out and said anything. no early indication yet that they'll be strong pushback on this nomination. all indications at this point is that she would be confirmed. but it's still early in the process. as you know, pointsed out correctly, every time the president has rolled out his cabinet picks, it's been at times controversial and strong pushback from capitol hill. we'll wait to see if that happens in this case as well. >> dan lothian and christine romans, we appreciate your insight. thank you so much. i want to let you know, along with burwell, the president is also making nominations, president obama wi

the omb was waiting for various agencies. everybody was trying to figure it out. senator dianne feinstein said it best at one of the hearings. she said something like, everybody's worried about what's going to happen, but nobody has an answer. and i think that's still true. i think that nobody really knows except the conventional wisdom right now is it won't be an apocalypse. it maybe won't be so bad. it's going to be bad for certain people. going to be bad for people who depend on rent subsidies. it's going to be hard on children's programs. it's going to be hard on nutrition programs. in other words, the people who can, again, perhaps afford it the least are probably, in my view, going to be hurt the most. >> let's take a bigger picture. how much of the pain is real? you said there will be certain sectors affected. some republicans will point out that really the amounts of money we're talking about amount to less than 2.5% of all government spending. >> it's probably a little bit more than that. that's just a percentage. that's abstract. i think that probably a

well, according to this omb letter, because these $85 billion in cuts have to be compressed into a timetable of just seven months that 13% of many defense programs will be reduced as a result of this notice and 9% of domestic programs. now, the president says that there's still time to work all of this out. he'd still like to cut a deal with congress. and that was the subject of his weekly address to the nation. here's what he had to say. >> i still believe we can and must replace these cuts with a balanced approach. one that combines smart spending cuts with entitlement reform and changes to our tax code that make it more fair for families and businesses without raising anyone's tax breaks. that's how we can reduce our deficit without laying off workers or forcing parents and students to pay the price. i don't think that's too much to ask. >> now, there's no sign that republicans are willing to work with the president for those increases in revenues that he would like to see. they see those as tax increases and that was the subject of the republican weekly address to the country. and so bot

. >> just to be fair, it's not only omb. there are problems with in the department where we need to be more responsive. but it is also regarding equity and it is not strictly own beat. >> one year to another is a long time to get an answer. >> i would agree with that. we are looking forward to having a hearing on the resources of the department and the strategy of the department on cyberprosecutions and on the actions against botnets. i understand that there have been awards given to the participants, which i commend you for. but i would've thought that this would have been a hygienic type of legal effort to clean this up out of the web and it doesn't seem to have been pursued as a model strategy. to my knowledge, the cyberprosecution brought against a hacker like we know that china is doing, that comes in strictly through the web, expropriate the intellectual property and uses it essentially as industrial espionage. i know that there have been cases made for espionage and sometimes and involve cyber, like a cd in their pock

the omb carries out the administration's spending policies.ising and submitting the budget proposal to congress. we are hurling toward a government shut down over the current budget. it could happen march 27th if she makes it beyond this bound burr well would have a state in the process. she served in president clinton's white house. >>> the bulls are running on wall street. stock rally pushed the dow jones industrial average to a near record high. the dow closing 14shgs 89 -- 1489 on friday close to the record in 2007 sitting an hold eye which has a recover free from stocks more than 4 years after the recession of the economy. can the run continue? what would drive it? what could it mean for your personal 401 k. a oo the sec ster is sequesteke gone. 3 percent away from its highs. the bulls have been running hard for a while. blue chips up 115 percent from their crash low some four years ago. why is wall street ignoring washington and the drama? in part because the head of the bed is keeping money cheap. dollars to keep have rates low. that ma

he's chosen sylvia matthews burwell to be the new director of the office of management and budget or ombrwell is currently the head of the walmart foundation. one of the country's biggest corporate charities. >>> the queen of england spending the night and probably a bit longer in a london hospital just as a precaution according to buckingham palace. the 86-year-old queen is suffering from stomach flu symptoms and she has canceled all of her official engagements for the week. >>> egypt's ousted president hosni mubarak will be retried in april. that from the country's state-run news agency. the 84-year-old successfully appealed a life sentence he received for his role in the deaths of hundreds of protesters two years ago. >>> an exciting and optimistic announcement today for doctors working to cure hiv and aids, they say an hiv positive little girl is functionally cured of her infection. cured. the 2-year-old got the virus from her mother. the girl is the second person ever declared cured of hiv. >>> the federal spending cuts that were never supposed to happen, well, they did happen. and

of mine who was working in the administration and he was a brilliant student, fairly senior job at omb. he called me and he said i've been tasked with setting up a committee to scrutinize all the numbers in your book, and to discredit them. i just want to let you know that. and i said, okay. fine. and he came back to the six months later and he said, okay, somebody tell you we've been through the book with a fine tooth comb. we can't discredit any of the numbers because they are all our own numbers. so what we're going to argue is that it was worth it, you know, it sort of short. in that period, came out the comments of president bush and others that we don't go to war based on green eyes shaded accountants stuff in this country. he argued was not so much around the numbers. i think the numbers, the discussion among budget people around 1.7 or 1.9, how much tricare, our money. the areas of big, the two main areas of disagreement among economists are, one, should one include the financing costs or not? should one include the cost community, if you say my house cost 500,000, you don't us

at 10:15 this morning, in addition to the omb announcement, the president will nominate mccarthy to head the agency. and another big scientist to take over energy. to take over the energy department from steven chew. you're watching "the daily rundown" only on msnbc. [ female announcer ] research suggests cell health plays a key role throughout our lives. one a day women's 50+ is a complete multivitamin designed for women's health concerns as we age. it has 7 antioxidants to support cell health. one a day 50+. she can't always move the way she wants. now you can. with stayfree ultra thins. flexible layers move with your body while thermocontrol wicks moisture away. keep moving. stayfree. i really like your new jetta! and you want to buy one like mine because it's so safe, right? yeah... yeah... i know what you've heard -- iihs top safety pick for $159 a month -- but, i wish it was more dangerous, like a monster truck or dune buggy! you can't have the same car as me! [ male announcer ] now everyone's going to want one. let's get a jetta. [ male announcer ] volkswagen springtoberfest is he

i will start by asking susan .ombs to make a few remarks she knows a thing or two about using technology to enforce transparency in government and to accelerate accountability. susan, please. [applause] >> i kept hearing the familiar name, john gall. i downloaded atlas shrugged on reread it. i am pleased to tell all of you that he is alive and well and living in texas. very moderate and timely. if you take a look at where we are with the economy washington is telling businesses that everything they do is bad. they're causing harm. they need be reined in and leave everything to government. i thought we came to this country several hundred years ago we left the kings behind. we thought we did. king obama started his reign. those things i took away from the book that i think are important -- #one is that some part of the federal government hates successful businesses and they show it through tax or regulatory policy or extortion. look at the epa, the endangered species act, and the mrb. everything was torn down and given away to the worst and most incompetent. they had to turn over the frui

this is a statement today from omb official. the way the sequester law is written, even underneath the account, even at the program project and activity, they all need to be cut by the same percentage. he goes on to actually say, for example, the faa has to cut resources in a way that will impact the workforce. he talks about program, project, and activity. can you explain how that flows down to the controller workforce? are they and activity? what are they? >> the program project and activity are the actual budget lines within the budget. then it is cut according to the nature of the accounts that we have. starting at the top, we have four accounts that are funding categories for the faa. the operations account, the largest, the facilities and equipment account, which is the next largest, the airport improvement program is actually the next largest. then the equipment account and then the research and development account, which is very small. >> then within each of those accounts, they are allocated across the lines of business

burwell served as omb's deputy director in the clinton administration.ff for robert reuben and she runs the walmart foundation, the retail giant's huge philanthropic wing. and let's check the futures, just barely down more than 20 points now. 21 points after some weakness at the end of last week but nothing that significant giving -- given that we did hit the sequester. chinese stocks falling to the lowest level in six weeks overnight. the drop coming after beijing hit property developers with harsher than expected tightening measures to contain housing costs. fascinating piece on 60 minutes last night. in fact, about the residential market in china. meantime, japanese shares hit a 4.5 year high on monetary easing hopes, at least for more monetary easing than we've seen hit the yen but help the stock market. in europe, we're seeing not a whole lot happening. mixed results down a little bit, up a little. right now back to becky in la vista, nebraska, with our special guest, warren buffett. hey, beck. >> joe, thank you very much. you go through the headlin

omb. you know about the super committee.it is a bipartisan problem that neither party wants its name on cuts. so this republican game of saying let's kick it back to the white house, you do our work for us, you take the hit for cutting things, military bases are popular all over this country not just in blue states and so they got a big problem here because they can't actually pinpoint things they want to cut. that's why they are running around trying to blame the president. >> i think the republicans would like more flexibility to make it easier and more gradual to make these cuts. i think the party is resigned to the cuts. what i don't see, andy mccarthy and this troubles me, you mentioned bob woodward. he was right. this was a spending cut sequester. the president signed it. stood up before the whole country back in 2011. now he's changing the goal post. suddenly now this is a revenue, tax increase sequester and i think that's created so much mistrust with the gop that they cannot negotiate. >> i think there's no question

he's going to announce three nominations for the head of the omb, office of management and budget, thea administrator and a new energy secretary. let's listen. >> but he also served as under secretary of energy under president clinton. .since then, he's directed mit's energy thinkers to develop the projects that can lead us to more energy independence and new jobs. most important, ernie knows we can produce more energy and better economy while still taking care of our air and our environment. i cannot be more pleased to have ernie join us in that effort, my nomination to lead the environmental protection agency, lisa jackson and her team at the epa have helped us to reduce emissions of the dangerous carbon solutions that causes climate change, put in place the toughest new pollution standards in two decades. lisa is now ready for a well deserved break and i want to very much thank bob jaseppi who has not only been a great deputy administrator but has been acting as the acting administrator. everybody give bob a big round of aplow. as we move forward, i think there's nobody who can do a

he's, he's, he's part of the establishment, he's been in the house, he was omb director -- >> he was going to be the vice president if romney won the white house, theoretically, it remains to be -- to be discussed and determined whether this, the fact that portman had a gay son in any way affected his chances to be vp? >> he's probably very happy he dodged that bullet. but the thing, the thing to keep in mind here, is that what, senator portman has done, is sort of like say to the party, especially now that cpac is going on, that you must face this issue and you must take this seriously. you know, i keep talking about this poll. that logo did with harris interactive. basically showed that if the republican party had the same positions or similar positions, on marriage equality or gay rights, as president obama and the democrats, president obama admitny would have been tied for the gay vote. their gay votes on the table, if the party were only open, warm, welcoming, as welcoming as bob portman was and is to his own son. >> what i would say probably there are votes of women and -- >> o

. $200 million a year more and the omb certainly not a radical organization said that $180 billion aould be justified by the economic and societal good that would come from that type of investment. look, politicians have to understand. there is a difference between investing and spending. when you invest you do things that have long-term value. as you pointed out, for the economy. ports, rail, airports. roads. those things are incredibly important for goods movement. you have to invest to keep growing. every business that grows successful, invests. we've got to do it. grover norquist be damned. >> governor, it seems i want to follow up with you. it seems like this is sort of a long-term pain argument, which is, okay. the bridges and the rail and the ports. they're not great but they're passing barely, some of them. passing at this point. but they won't be. how do you make that urgent to the population? as you well know, if the american public doesn't think it's urgent it is not likely a lot of politicians are going to think it's urgent. >> it's interesting. politicians misread the am

even former omb director under president george w. bush, jim nussle, called ryan's proposal unrealistic. here's what he said on cnbc just this morning. let's listen. >> chairman ryan coming out saying, you know, one of the marquee issues in the budget is going to be repeal of obama care. well, i think we fought that battle. i think it's over. it's been over a few times. good luck with that one. that doesn't make it any more realistic. >> what about, joy, what about this proposal? i mean, he's got here, he's assuming the $600 billion in new revenues that were decided on in the fiscal cliff, he's opposed a lot of this stuff. he's now acting as if it's all going to be there. i mean, he's really kind of loosey-goosey in the way he decides. let's see, health care is not current law, we're going to get rid of that but keep this other little future. whatever suits his purposes. i really do think you got sting there, david. the i.q. level, ability level on the republican level is so crazy out there on the tea party side, that anybody who actu

former omb director and former republican congressman from iowa jim nuszle.ratic senator from arkansas blanche lincoln. and manu raju. welcome, all. congressman nussle, i'll start with you. >> an autopsy? >> is that not what you would call it? >> exploratory surgery. autopsy is on things that are dead. it's not completely dead. >> what he's trying to say is can conservatism be modernized? how do you modernize conservative? >> we were talking about this. it's certainly a worthwhile effort. every party goes through it when they lose. this one, i think, priebus is doing a much more thorough job and i think is much more thoughtful about this, much more mature about this process than possibly any time in the past. >> it was blunt language in the report. i have to say. i was impressed. >> often it's done as way to try and save their job. that's not what this is about. i think it's going to have a much better impact as a result. it's still going to be candidate driven at the final analysis. it's a good job to start. >> senator lincoln, as he pointed out, democrats w

omb, energy, at e.p.a. a lot of criticism, if you recall, happened early on with the president. his cabinet wasn't looking like america. in this case two new women added. somebody of hispanic origin, and but not big names. what message are you taking away from the president's nominees? >> we criticize the president for lack of diversity in his cabinet, givening that he had stated he wanted a cabinet that looked like america. he deserves credit for putting these folks in place. that said, it seems to me, chuck, that what you're seeing in the second term, whether it's dennis mcdonough's chief of staff, dan pfeiffer as senior advisor to the president, or the people at the treasury department, at the state department, at some of these bigger -- and defense. you are seeing a consolidation of power within the white house in many ways. this is -- these are the people barack obama wants, that the white house will be making these decisions, and that the people at some of the lower level cabinet positions really are not iffing to be in a position to be setting policy. that policy will con

there's just over 200 pages of detail from the omb on the president's cuts for 2013.n a handy one sheet for anyone too busy. why is this the first time they're hearing this? and does this not suggest bill o'reilly is about as knowledgeable as some house republicans when it comes to what the president is proposing. >> that's a scary proposition. >> but it's true. >> i understand it's true. there's no good answer to how can republican policymakers be so uninformed? that the president has not only consistently talked about the cuts he's offered, but he's even said, look, i'm willing to go outside of democrats' comfort zones, and he said this many times. so, look, people hear what they want to hear. i have often been discouraged when you poll the public on what they know about this sort of thing, but frankly the public is really busy kind of trying to get by. when you're a policymaker who is paid a lot of money to know even the most basic facts, it's really political malpractice and it helps explain why we're so stuck. >> you know, martin, if anything, i think it actually

. >> detailing what's going to be cut where and the omb based upon information provided by the officemanagement and budget the omb will transmit the report to congress. >> bill: i see. >> barring some kind of change in legislation which we are not going to set because the senate isn't meeting today. all of that will have to be done before 11:59 tonight. >> the senate took up the two measures the republicans and democratic version yesterday and both of them neither one of them passed. >> right. >> the house is out. what's the purpose of this meeting? >> good question. these cuts are going to stay. as president obama has said in recent days, they are going to be -- it's 85 billion over seven months. these things will come in line over the next several days, weeks and months and it will be a while before people will feel it. so no one really knows how this is going to play out politically or how people are going to react to it. if i were in that meeting, that's one of the things i would try to assess is: how is this going to play out in the days ahead? how are people going to react? and

. >> the omb which is pretty nonpartisan, omb gave the d.e.a. an f.reaucracy in all of the bureaucracies in this town to get an f. basically saying it can not achieve its basic mission statement. >> bill: i want a politician with enough balls to say the war on drugs from the days of nancy reagan has proven to be a total bust. i'm not going to fund it. i'm going to get rid of it. >> obama evolved on gay marriage. he could evolve on marijuana. >> bill: he better get on the stick fast. not much time left. allen st. pierre, you're out there, man. i love it. deliver the state of maryland then come back and tell us about it. >> make the free state a little freer. >> bill: it is norml.org. i'll be back with today's parting shot. >> announcer: heard around the country and scene on current tv, this is the "bill press show." little did i know that one week later i wasn't smoking. [ male announcer ] along with support chantix (varenicline) is proven to help people quit smoking. it reduces the urge to smoke. some people had changes in behavior, depressed mood and

clip] >> in the 1990's, when she was 19 -- [laughter] she served under jack lew as deputy director of ombor the team that presided over three budget surpluses in a row. later she held the gates foundation grow into a global face for good and help the bloomberg foundation expand into charitable work. as the granddaughter of greek immigrants, she understands that when we put together a budget it is not just to make the big numbers add up, it is to reunite the agents of economic growth in this country. ladders of opportunity for anyone willing to climb them. sylvia loves to talk about her parents. her mom is here today. grew up in west virginia, the values that they instilled in her as educators. i think that that reflects everything that we see together. i am confident. those values are especially important for her to remember now. >> -- host: president obama, yesterday, talking about his pick for omb. jamie, indianapolis. what are your thoughts? caller: i think that's partially the opportunity -- the tone coming from the white house is a lot different from the first term, which shows that

here to talk about it is jim nussle, former omb director and,000 cnbc contributor.is an exercise in futility from what we see from paul ryan this week? or is there some reality to finding a meeting in the middle? >> i wish there was some reality to this. no, i think to start off with, these are the philosophical corners that both chairman murray from the senate and chairman ryan from the house are going to be introducing their budgets. they're probably going to appeal to their base. you saw yesterday chairman ryan coming out saying one of the marquis issues was going to be repeal of obama care. i think we fought that battle. it's been over a few times. good luck with that one. that doesn't make it anymore realistic. all of this is on fact that the president was supposed to lay it out a month ago. and he still hasn't done so. this process has gone down to a lack of any kind of realistic nature. that's unfortunate. >> president obama has been making house calls, doing a lot of meetings trying to make friends quick. is this helping? is there anything afoot here? >> i d

he would like her to be omb director. she was deputy of staff under bill clinton. will be in tapped to be the new director of omb. he's expected to nominate his epa chief. as well as a new head of the energy department. he will make those announcements today. i don't know if you have any thoughts about these people or the agencies they are running when it comes to sequester? guest: when it comes to sequester, i was on to say something else about them. i don't know that that will have any impact. host: give us your reaction. guest: i don't have any reaction denominations. one of the things i did want to mention that was not raised by any of the callers -- the budget control act exempted the department of veterans affairs from sequester cuts, but that does not mean veterans are not affected. that's another balance. we have talked about the irrational nature of sequestration. we can talk about the morality of sequestration. 44% of the civilian work force in the department of defense, which is 350,000 of the workers who will have a 20% pay cut unless this is averted, o

he would like her to be omb director. she was deputy of staff under bill clinton. she will be in tapped to be the new director of omb. he's expected to nominate his epa chief. as well as a new head of the energy department. he will make those announcements today. i don't know if you have any thoughts about these people or the agencies they are running when it comes to sequester? guest: when it comes to sequester, i was on to say something else about them. i don't know that that will have any impact. host: give us your reaction. guest: i don't have any reaction denominations. one of the things i did want to mention that was not raised by any of the callers -- the budget control act exempted the department of veterans affairs from sequester cuts, but that does not mean veterans are not affected. that's another balance. we have talked about the irrational nature of sequestration. we can talk about the morality of sequestration. 44% of the civilian work force in the department of defense, which is 350,000 of the workers who will have a 20% pay cut unless this is averte

and omb, the office of management and budget sent over an 83-page letter to the speaker of the house, john boehner, detailing, line by line, where all of these cuts are going to be going into effect over the next several weeks, over the next several months, depending on which department of the federal government you're talking about. and you can just look at the numbers, they're pretty staggering. $289 million for the centers for disease control. nearly $1 billion for fema, $3 billion to $4 billion for operations and maintenance for the navy, the army, the air force, and then the list goes on and on. and so that's why the president, in his weekly radio address, is saying, essentially, to the leaders of congress, hey, let's get back to the bargaining table. let's work out some kind of deal to make these cuts go away. here's what he had to say. >> i still believe we can and must replace these cuts with a balanced approach. one that combines smart spending cuts with entitlement reform and changes to our tax code that make it more fair for families and businesses without raising anyone's

were going back and forth to get at the time the vietnam war was over and inflation was raging so the omb and the white house said how much is this going to cost? nasa it comes up with a number and they get thrown out. i mean, the agent couldn't even afford a quarter of that. so, to make a long story short after going back and forth and back and forth, the white house goes to nasa and says what we will do is prove the truck to go back and forth, but you have to go and capture both the dod launch business and the commercial launch business to make this a revenue neutral program. at the time this is the late 60's, early 70's. at the time this is no longer classified information. the u.s. spy satellites took pictures. the satellites had hundreds of little cartridges and they would take pictures and shoot the film alton and re-enter into the air force with a great big horns on the end with snagged the parachute out of the air and get the field castor and develop it. so, the dod said if you want our business, this has to go above our bet, rendezvous to the satellite, you get the film, come bac

>> we are also looking forward to receiving omb's fisma report. it usually provides a lot of information, especially where the ig's conduct overviews. that is one of the issues where, we have found, over the years -- and why we have been designating federal information security as a high risk area since 1997, because of agencies' -- i won't say inability, but lack of success in meeting the requirements for securing their systems. >> let me explain what that means, so everybody understands. only eight federal agents, at this time, out of 22, meet the guidelines for securing their network. >> one of the statistics for assessing the risk, which kind of gets to mr. kepler's point. agencies -- that is one of the challenge areas. it is not an easy job, in terms of implementing security over time. the environment is constantly changing. new technologies are being implemented into the computing environment. the threats are becoming more sophisticated. and business practices are changing. at the same time, it is important that the processes that agencies i

>> we are also looking forward to receiving omb's fisma report.provides a lot of information, especially where the ig's conduct overviews. that is one of the issues where, we have found, over the years -- and why we have been designating federal information security as a high risk area since 1997, because of agencies ' --i won't say inability, but lack of success in meeting the requirements for securing their systems. >> let me explain what that means, so everybody understands. only eight federal agents, at this time, out of 22, meet the guidelines for securing their network. >> one of the statistics for assessing the risk, which kind of gets to mr. kepler's point. agencies -- that is one of the challenge areas. it is not an easy job, in terms of implementing security over time. the environment is constantly changing. new technologies are being implemented into the computing environment. the threats are becoming more sophisticated. and business practices are changing. at the same time, it is important that the processes that agencies implement --

she's a veteran of the clinton white house, having served as omb director and dprut deputy white housef staff. >>> now, in corporate news, the nasdaq is reportedly executing u.s. stock trades at a loss. the financial times has been using the strategy since last month, betting the move about boost its overall market traction. both nasdaq and the new york stock exchange have been losing market shared competing exchanges, alternative trading platforms and the industrywide downturn in trading. it's interesting the amazon strategies that you might hope to pick up on volume what you might lose on individual possibility. >> absolutely. and, you know, it just shows you how badly they were hit by their own -- >> exactly. they have the industry generally moving against them, volumes goggles where regionally and in terms of products and some of the concern on the facebook ip last year. > >>>. >> pratt & whitney uncovered fraudulent engine testing scheme. it could affect thousands of engine parts used on business jets and turbo part planes. the parts in question don't pose any safety hazards, but

khaoefrbgs the woman who would be the director of the office of management and budget known as the ombof the walmart foundation. it's confirmed by the senate she would be the second woman to hold this post. all this streaming live right now at foxnews.com. you can check it out online now. >> a california nursing home is now defending a nurse who refused to perform cpr on an 8 seven-year-old patient. shear is the 911 call. you can hear the operator practically begging the nurse to step in and begin cpr for this elderly woman. listen to this. >> yeah, we can't do cpr -- >> hand the phone to the the passerby, anybody there can do cpr. give them the phone, please. i understand if your facility is not willing to do that, give the phone to that passerby, that stranger to have it then. this woman is not breathing enough she is going to die if we don't get this started. >> i don't know where he is, but she's yelling at me and saying we have to have one of our other residents perform cpr and so instruct, and i'm not going to do that. >> you're going to let this lady die? >> that's why we are ca

look at the letter from omb to congress, it says right here, the cuts required by sequestration will be deeply destructive to national security, domestic investments and core government functions. talking billions of dollars in cuts over at the defense department, cuts near $1 billion for fema, for disaster relief. cuts to transportation security for those check-in lines at the airport. the lines may get longer according to the administration. that's why the president in this weekly address to congress said even though the cuts are set in motion he woe like to work out a deal to perhaps turn back the clock and do away with these cuts. what he had to say -- >> these cuts are not smart. they'll hurt our economy and cost us jobs. and congress can turn them off at any time as soon as both sides are willing to compromise. >> reporter: now, so far the republicans haven't really responded to that kind of talk very favorably at this point. they believe that the president is really just after more tax increases and they're saying that that's not going to happen at this point, but brianna, of

she is stuck as omb director stuck with budget cuts each side already made a issue. >> we cut of deficit $2.5 trillion, $3 of spending cuts for every dollar of revenue. now the president puts an offer to speaker boehner on the table in december, even though the speaker walked away from the negotiations he kept that offer on. >> we've got to begin to cut spending and we promise the american people we would do it a year and a half ago and we're going to do it. >> reporter: she is to head the office of management and budget. she is currently head of the wal-mart foundation, jon. jon: what about the other two nominees, what can you tell us? >> reporter: each will head an agency that raised controversy in the obama administration. mit professor ernest monise is the choice it head the energy department which is criticized for approving a government-backed loan for solar panel maker solyndra and doubling down to provide more money before solyndra went bankrupt. gina mccarthy is the epa assistant administrator for air and radiation. she will take over the administration under intense skrut from

it came from executive office of the president, from the omb, office of management and budget. this letter essentially tells the generals, guys, give us back your 13% of your budget. that's right. 13% of our military budget about to go poof! 13% because our elected leaders struck out. they failed to find a smarter way to reduce the budget deficit, cuts across the board will hurt the economy as well. that 11th hour meeting at the white house today, no surprise, no deal. ali velshi, chief business correspondent standing by for me in new york. jessica yellin, chief white house correspondent. jessica, i begin with you here. you have the president hosting top four leaders of congress. final stab at this thing. tell me what happened at the white house. >> reporter: there was a meeting here this morning between congressional leaders and the white house, all sides knew nothing was going to get accomplished in that meeting and that's what happened. it happened less than an hour. it came and went. congress is now out of town. after that meeting, president obama came to the briefing room

. >> we have looked at the reporting requirements that omb has called for elimination. this will limit reports by 29 different agencies, one step towards consolidation. >> is there anyone to object to a voice vote? -- who objects to a voice vote. all those in favor say aye,. a post, nay. the amendment passes. we are doing really great here. i'm impressed. >> this amendment is on the victims of crime act which would provide a point of order to prohibit funds in the victims for being diverted for any purpose other than assisting victims of crime. this is a key part of finalizing the commitment we made a repass the violence against women act. it is the women and children in america who are covered in response to senator king's question. they are the main recipients of this support. year after year, administration after administration robs this fund and does not allow it, which are not taxpayer dollars, and put into a trust fund dedicated to this purpose. this is one of the many trust funds congress continues to robert. we chief consensus on this last time we had a marked u