host: why do they peart? guest: probably profoundly for all of us. we don't get access to credit without a credit report. they tell our stories. they essentially tell the story of our hard work, our responsible management of our finances. and that's really true for the majority of americans in this country. so if i walk into an auto dealership and want to buy a car, they don't know anything about me. we're a highly mobile society. that credit report verifies everything that i know about myself. that i pay my bills on time, and that is why i get to drive off the car lot on the weekend, or i get to buy a new home. host: does it say whether or not you're employed or unemployed? guest: they may have some employment information but there's other sources for verifying whether or not i'm employed. host: and how much weight does it have with that auto dealer or with the banker who is going to give you a home loan? guest: well, they're certainly the very center of lending decisions. lenders need some way of measuring my risk. will i pay my bill? will i pay on

but poet pearts helped craft tougher sex onchter legislation. and eliminate waste and abuse in state health care principals. >> those wouldn't have gotten done were it not for republican and democratic support through this. >> i think all in all it was an excellent session under tough, tough times. tough circumstances. >> the governor's schedule ad bill signing for 10 a.m. the i his second one. topping the list cracking down on waste and abuse in the state health care programs. in annapolis, wbal-tv 11 news. >> for continued coverage on the accomplishments of this year's legislative session, we urge you to visit our site at www.wbaltv.com on the politics page. >> faced with the tough choice of raising taxes or making cuts. mayor stephanie rawlings-blake has opted for the taxes a decision that will impact everyone who 4rif6ds, works in or visits the city in one way or another. jennifer we've with more on the story. >> hey, stan, the mayor's plan to close that $121 million budget gap includes reducing spending by $70 million and generating some $5