one legislation peace that could improve this process -- the permiting is too expensive. if you have a product that is $5 billion in cost, the process takes seven years for it to move forward. but the time of phase one construction, you or almost at an increased cost of 30%. i suggest legislation be passed in that they appropriate emergency funding in the senate to appropriate emergency permiting for large entity projects that will help our country rid itself of its addiction to foreign oil. host: that we ask you about subsidies for these wind projects. can you give our viewers an idea of how much money you get from the government for a project? caller: depending on the size -- megawatts, of the project, you can get as much as 40% as far as the project. host: in dollars how much? caller: that coincides with the size of each project. if you have a 16 megawatt wind farm, it could cost you from $110 million to $200 million. he would get roughly 40% of that cost. host: how do you justify that to the taxpayers when critics say you get very little in output from how much taxpay

>> i do, because the permit does not guarantee that the oil will not get to shore. nor does it guarantee that it will all be contained. >> where it 40,000 barrels a day? 40,000 is what we have been saying. exxonmobil's worst case scenario is for 160,000 barrels per day. how can you say you wwuld be a lot of control of spill four times bigger than the current spell using the same plan that bp has with the same contractors bp is using? >> as i said, we would use the response capability to the maximum extent practical. and in the model that we provide as part of the permitting in conformance with what the regulatory bodies required -- >> your plan is written for the same contractor that bp has. so if you cannot handle 40,000 barrels, how would you handle 160,000 barrels per day that you indicated? >> when these things happen, we're not well-equipped to deal with them. >> in worst-case scenarioo, we cannot handle them. correct? >> we are not well-equipped to handle them. there will be impacts as we are sending -- as we are seeing. and we've always said that. that is our

i'm concerned about the permit process. i am interested in how we can make sure that certain parts of that process are elevated into a statute, particularly the ability to demonstrate, as a company, that if you're going to go drill on the moon or 500 feet under the -- 5000 feet under the ocean, that the techniques you have forced a -- for stopping a spill can be verified. an application comes in. the boxes are checked. d mms folks -- the mms folks go to work. take me through the process that happens when the permit comes in, in terms of getting to the approval stage. >> an application for a permit to drill is submitted based upon the exploration plan that had a party been submitted and previously approved by dumping minerals management service. there would have been-- approved by the minerals management service. there would have been an investigation. the minerals management service employees with look at the application for a permit to drill. it would assess the adequacy of the information. -- they would assess the adequac

a permit variation. often, however, a coal company did not even bother to apply for a permit. that sounded more convenient to mine without any permits and simply leave. others were good enough to sell the report, and state often -- self-report, and the state often showed them leniency for having done so. access roads are made. the timber on those mountains, one of the most rich and bio diverse habitats in the entire world, which shares species with places like china, are not even harvested. the old growth trees, hardwood forests, and in some places 30 -pspecies can be found standing together, they are simply razed. explosive so volatile the must be carried on separate vehicles, small hills are drilled into the rock in the mountains and every single day, in kentucky and west virginia, around-the-clock, seven days a week, 2,500 tons of explosives are detonated. blast 1000 times greater than the blast that brought down the oklahoma city federal building. we used to be home for humans, flora and fauna, and t

every government permits its troops to defend themselves when they are attacked. i call on president obama to give israel our government's full support and to make unmistakeably clear our government's position -- unmistakablely clear our government's position was that they were right. our government must make it perfectly clear that we will never permit an anti-israel media campaign. i yield back the balance of my time. the speaker pro tempore: ms. ros-lehtinen of florida. for what purpose does the gentleman from california rise? mr. lungren: madam speaker, that i might claim the time. the speaker pro tempore: without objection. mr. lungren: thank you very much, madam speaker. madam speaker, i take these five minutes to speak on a subject that is of utmost importance but does not regularly get discussed here on the floor and that is the first amendment to the constitution, that part of it which deals with freedom of speech, that is freedom of political speech. now, obviously the first amendment of the constitution does not merely protect political speech but in th

four of those drilling permit were either solely are jointly operated by bp. i don't know if he has more confidence in the drilling procedures than he does in their response efforts, but the president certainly believed that was something that needed to be looked into before those permits were continued. there is a loss of jobs because of what happened. everybody is interviewing fishermen cannot fish. your interview and hotel owners if you are interviewing hotel owners whose reservations have been canceled. let's ensure that as the president outlined, and what he wants the commission to look at, is that there is a regulatory framework that makes drilling as fail-safe as bp and other companies say it is. that is what is important. >> does the white house believe it was a mistake for the president not to meet with fishermen and other locals? >> we met with fishermen on may 1 when we went down there. >> there is been some criticism that he did not spend enough time talking to the real people on the ground. >> i think it was a pretty large representation of people

guest: the government is the grandeur of the permit and a taker of the permit.overnment deems that the permit should no longer be valid. does the government controlling the operation from the beginning to the de-commissioning of a platform. it fits within the procedures under the mineral management service or bureau of land management within the department of interior. host: the next call is from the republican line. caller: i think the operation is awfully slow cleaning up. everybody is saying what a disaster it is. if you think about all the disasters that came with thousands of people getting killed on our highways and airplanes crashing, it's just an accident that happened and we have to figure out how not to let it happen again and keep going forward. that is my comment, thank you. guest: that is a good point and keep in mind that we are, whether we like it or not and we will continue to be whether we like it or not, a hydrocarbon- based economy. hydrocarbon's carry risks whether it is a coal mine or oil well or gas well. there are risks associated. as a so

the transitionan start at the end of the year provided that the conditions permit a gradual transferf responsibility to the afghans. that is exactly my point. we have to work hard from now on to make surehat the conditions are met >> bloomberg. just a question of the oning of the supply route through russia and central asia. how quickly will this route be is the goal to ship the majority or is it the the the proportion of supplies tohat route to avoid the more dangerous routto paktan? >> i've is a, iannottgo into details aut the obviously, i cannot go into details about our operational decisions. we will take advantage o all the transport routes available. as soon as possible. >> german press agency. two questions. he said he pushed ministers very hard -- part. how did they respond? did they promise me trainers? what do yoexpect? on the afghan ay and police, you told us about the quantity trained. yet not mentioned the quality. how would you rate t quality of the afghan forces? >> the two questions are interlinked. an expsion of the capacity, improvement of the capacity of the afghan

permitting f.h.a. buyers to rchase a $750,000 loan means fewer f.h.a.nsur mortgages for families acss america who uly need them. in -- in ohio, the loan limit for f.h.a. is $271,000. i understa there are high cost urban areas where some homes cost more than in ohio t the f.h. hampletaws designed to help -- f.h.a. was designed to focus on lowe incomeuyers and should focus on them. this limits f.h.a. to truly merately priced loans to those who need them. the effect of this amendment is to limit to the 1ounes in the country but does not rede assistance to theodately valuemes that are the majority of the naon. e f.h.a. was establishedo help aricans meet the dream ohome ownership. ishoulde limited to those who truly need the hp my amendment would work tard that purpose. i urge my colleagues to support it. i reerve the balance of me time. e chair: t gentlemanrom california. >> i rise knopp sigs to the amdment and woulyield -- in opposition to the amendment and would yield a minu and a half to the geneman f i

caller: i think they have concealed carry permits. every state that has issued a concealed carry, violent crime has dropped. host: what about that? guest: i think he is basing that on a lot of the johns research. it has been thoroughly discredited by scholar at the scholar after scholar from major research universities who have looked at johns data and methodology and have concluded the methodology was flawed. there's no evidence that more concealed weapons mean more crime. in states with -- they have been met with higher aggravated assault rates. these examples are of legal logic that my book deals with. we have this whole mythology that has grown up around this more guns less crimes notion that is reinforced by the national rifle association that has a lout bullhorn -- that has a loud bullhorn. guest: there was an experiment we just had. the d.c. handgun ban was struck down, murder rates in d.c. went up by 4%. when the ban went into effect, it soared afterward. d.c. was between 24 and 15th prior to the ban. after the ban, it was in

had onl days to make drilling permit decisions. ey had new authority from the partment of interior to permit newnergy ojts in th outer contintal shelf thout eqte oversight or standas. and then oviding on topf hat $2 billion for already profitable mpanies todrill in ultradeep water. it is bsolutely scdalo that wee had this steady assault. luckilye stopped in 2003 when the other body usedhe filibuer constructivy. but we faced t in 2005 as they actuall were ableto puthose ovisionin place which our friendrom colorado and you, sir, mr. connolly, he pointed t. it continues to be -- to bedevilo. and sadly,ome -- bediv. ilus. and sadly, some of our - bedevil us. ansadl some on the other side of the aisle have not go t pnt. mrs.achmann, who has no short and of opinion on this, introduced lislation that woulhave required, would have required that the secretary of interior waive any appication of fedal l that requires perm uer lea for drilling. all of those nagging litt requirements y time oil got pensive. ov $100 a barrel throitll out the wi

bankamerica has 13% permit modifications. jpmorgan chase 20%.e are finding that the server serves -- servicers are not stepping up in a way that can encourage more people to station. people are not given understandable reasons wider home affordable modification program is denied. it is sketchy as to how people appeal a denial. they have their denials review before they face foreclosure we are glad you are doing what you're doing, but it is not enough. >> two minutes left. >> i officiate the steadfastness for it is better and working. they allow for no or loose regulation that created the sub- prime mortgage bubble in the first place. not one person in america would have been held in their vote had been a majority vote in the american recovery reinvestment act. i will not yield. they're not succeeding to the post extent. there are some among us that are helpful and not at all. thank you, mr. chairman. >> my colleague on the left is flat wrong. we want a workable program that will help homeowners not one that is expensive to health -- taxpayers an

isn't there a much more bright line recommendation to say don't permit those self referrals. no longer the type of thing, only if it has to be an emergency, someone walks with a sprained ankle, which is the reason any exception exists in the first place. it seems to me we're past the point of dancing around this. i think that type of prohobition is in order. >> well, as i was saying earlier, before i took this job, i was the c.e.o. of a very large physician practice, 500 physicians. >> your career has not taken the best projector so far. >> we elevate choices. we, my group, brought high tech imaging in house. we thought that it improved our ability to effectively manage the care, coordinate the care, assure the quality of the imaging and the like. a lot of notions of where the health care system needs to go in the future, towards more intergration. not having all these independent providers, but a more organized system. we don't want to discourage ownership. the problem isn't the ownership per say, it's the combination of ownership with fifa service payment and easy profit op

but whenhe when they make y getn fakedses, the advanced permit to modify. one of the concerns is that, in the mes they were sending in to m.m.s. their modificationof their plan, and m.s. was sending them back in five minutes. "the wall stre journal" ur orted that, in a 24-ho period, the different p.m.'s were applied for. so in one sense, it didn't take them any time at all to cut through the retape. on the other hand, in this particular example, since there's been criticisms from withiindustry and witut at b.p. did and how they drilled, how they constructed that well, perhaps in this case there should have oversight. rous host: michigan, democratic line. bo good morning. caller: good morning. representative cassidy, is the fact truth to -- guest: i'vlost you, bob. host: we' going to have to on. aller:aid that they thought the deral government ought to b.p. pay for this. guest: bob, i just caught the statement.f your did somebody say in the house that the federal government that? helb.p. pay for anybody say that. sayin the s government should take over b.p.?

building permits also fell. wholesale prices fell for a second straight month in may. the first time that has happened in the year, reflecting big declines in the cost of energy and food. north korea is warninn that tension over the sinking of the south korean war ship could trigger a nuclear war unless the u.s. security council act impartially. the threat came just hours after the un ambassador told reporters that if military -- that military will respond if they condemn north korea over its the sinking of the south korean ship. those are some of the headlines on c-span radio. >> this weekend on "book tv" kai bird. and on after words, carl marlente4s. i.n.d. and type your weekend schedule at -- find the untie your weekend schedule at bookt v.org. >host: what did you find out on agent orange? guest: this is the irritants, the problem that is keeping us from having good relations with vietnam. if you go to vietnam, the people of vietnam leveed the united states -- led the united states. -- love the united states. but there is one problem that has always stopped great re

no longer does it take six months to get the permits of the activities to take place. we are now doing those within 30 days, sometimes 60 days, occasionally a bit longer. here is the question. we are talking about securing this border. drug car tells does not wait 90 case from the entrance into the country before they continue on. they are not waiting for the bureaucratic wheel to spin so slowly in this country to get together and work together to solve this particular problem. and until we can come up with a new way of doing these issues, it will continue. we had a meeting with these three groups again the other day in which they were proud a communication tower essential for the border patrol to do their work in guarding the access and monitoring the access into this country was not allowed to be put in the site the border patrol wanted because that would have been on wilderness designation and once again because of the laws we have passed you may not put any new structure on a wilderness designation. so they were very proud, they were very proud that they had after

what his decision did was to suspend granting of permits for new oil drilling. why was that off shore deep water oil drilling, why was that such a problem? >> because it will impact thousands of jobs. it would have cost millions... actually even over a billion dollars in terms of investment moving forward. it's a big problem for the industry and for the people who would have been losing their jobs especially in the gulf. louisiana senator... i mean the louisiana governor said they could lose as many as 20,000 jobs, just in the next couple of months alone. last month in the united states in the whole country we added 41,000 civilian jobs. this would have been a big impact on a region that is already reeling from the impact of this accident. >> ifill: as you heard, the judge ruled or said that the... actually he used very tough language saying that the president and the department of interior was arbitrary, its was overreaching. why is he wrong? >> because deep water drilling, as we've seen, is a very, very dangerous activity. neither the oil companies nor the gov

government officials said the mine was operating illegally since its permit expired earlier this month. and in southern china, the death toll from heavy flooding rose to 175 people. torrential downpours have destroyed thousands of homes, turned roads into rivers and caused damages of more than $2 billion. colombia has a new president elect. juan manuel santos won 69% of the vote, the largest margin in modern history in an election marked by low turnout. santos celebrated with his supporters in bogota last night. he is a u.s.-educated economist who plans to continue the security policies of outgoing conservative president alvaro uribe. firefighters in arizona battled a growing wildfire on the outskirts of flagstaff. strong winds spread the fire quickly to 13 square miles. about 300 firefighters fought the blaze, using helicopters and air tankers. evacuation orders were in place for several hundred homes near downtown flagstaff. the high winds were expected to continue today, as a federal management team took over the firefight. federal regulators have agreed to a plan to police financia

speak, i k unanimouconsent that today, foowlegislativ, t following membersay be permitted to address the house and revise a extend thei matial, mr. boozman for today, mr. pofor today, mr. flakeor today, mrduncan for today,r. bishop for today, mr. broun for today. the speaker o tempore: the eaker pro mpore: without obction. for what purposdoes the gentlewoman from wisconsin seek recogon? ms. baldwin: i ask unanimous nsent th today following legislative businesand any ecial orders heretore entered into, the foowg members may be rmitted to address the royce for five miutes, revise and extend tir remksnd include therextraneoumaterial. ms. wlsey for five nutes. ms. wal ba -- ms. bwin for five miter. garamendi for five minutes, mr. is a pl for five minutes,s. kaptur for ve mutes, and mr. defazioor five minutes. the speaker p tempore: withouobjection. under thspeaker's announced pof january 6, 200 a unr prevus order of the house, the following membe a recognized for five minut ach. mr. poof texas. >> mpeak. heer pro tempore: fo t puose do the gtleman mr. flak i ask unanims consentclaim time

interior has made recommendations, it is important that they be adequately staffed, to the revised permitting that is being put in place. >> the time has expired and the gentle lady from taxes is recognized. >> thank you for your courtesy. so many of us have indicated that we have come from the region where so many constituents have been impacted, -pevery single day by the conditions that we are facing. and in the area of the gulf, we consider ourselves family. so many of my constituents are related to the energy industry. the gentleman before me has a major opportunity that i think has been characterized by my colleagues questioning today. there is a high degree of mistrust by the american people. although after 9/11 and the tragedy and the terrorist acts, america did ggt back on their airplanes and they were buying into the fact that this is part of the american life. i think you have a major challenge, because you are looked upon -- maybe we know you in the local communities but most americans have no stake in the energy industry. most of these discussions on national energy policy is divi

one place we have begun to take action is at the agency n charge of regulating drilling and issuing permits, known as the minerals management serrice. over the last decade, this agency has become emblematic of a failed philosophy that views all regulatiin with hostility, a philosophy that says corporations should be allowed to play by their own rules and police themselves. at this agency, industry insiders were put in charge of industry oversight. oil companies showered regulators with gifts and favors and were allowed to conduct their own safety inspections and write their own regulations. when ken salazar became secretary of the interior, one of his first acts was to clean up the worst of the corruption at this agency. but it is now clear the problem there ran much deeper and the pace of reform was just too slow. so secretary ken salazar and i are bringing in new leadership at the agency. michael bromwich, who is a tough federal prosecutor and inspector general. his charge over the next few months is to build an organization that acts as the oil industry's watchdog, not its partner. one o

with senators permitted to speak therein up to 10 minutes each. a senator: mr. president? the presiding officer: the senator from connecticut. mr. dodd: i see my fend from tennessee. i presume we're going back and forth. you're in the leadership. i don't want to -- i would le to lead by three, but i'll be glad to defer to the -- mr. alexander: i will be glad to defer to senator from connecticut. mr. dodd: i thank you. i won't be long. are we in morning business, is that correct? the presiding officer: that is correct. mr. dodd: mr. president, let me -- let me begin by expressing my deep sorrow and my condolences to robert c. byrd's family. and that family includes, obviously, not only his direct and immediate family, but obviously the literally leanin s of people who worked for robert c. byrd, worked with him, in both the house of representatives and this body for the more than five decades that he served in the united states congress. i suspect i'm one of a handful of people left who remembers the day when i was 7 years old in e gallery of the house of representatives wat

four of those drilling permits were solely operated by bp. the president certainly believed that was something that needed to be looked into before those permits were continued. >> the white house and acknowledges that there will be a loss of jobs. >> understand this, there aren't -- there is a loss of jobs because of what has happened. everybody else is interviewing fishermen who cannot fish. your interviewing hotel owners -- you are interviewing hotel owners whose reservations have been cancelled. again, let's ensure that as the president outlined and what he wants the commission to look at is that there is a review the ituri framework that makes drilling as failsafe -- a regulatory framework that makes drilling as fail-safe as bp says that it is. >> as the president met with any of the local fishermen? >> he met with fishermen on may 1. >> there have been some people criticizing saying that he has not spent enough time talking to the "real people" on the ground. >> i think there was a pretty large representation of people in that room. the

this act does not permit the applicatioos of strong wrongful death remedies. it does not look to general + maritime law to supplement the ii essence, the act limits the liabilities of wrong-doers in this matter such as bp, trans ocean, and many others. my family can never and will never be adequately compens compensated for our loss. what i am seeking is accountability from the wrong doers who caused this terrible tragedy. i ask that the members of congress use this catastrophe as a basissto revisit and amendd this out-dated act from 1920, revise those with 21st realities in mind. please use this opportunity to make corporate america more responsible and accountable. require corporate wrong-doers to fully, fairly, and adequately compensate the victims of senseless accidents. thank you. >> thank you both for your testimony. let me ask a question or two, if i may. we'll start with questions from members. our investiggtion has uncovered several flaws in the design and operation of this well, including equipment malfunctions. from our investigation we have learned

it will permit several communities in my district, the district of connecticut, to operate two now defunct hydroelectric dams as municipal power sources. the dams on the upper and lower collinsville dams have laid dormant in connecticut's farmington river since the 1960's. the licenses previously issued to operate both these dams are currently inactive and this legislation would allow it for them to reinstate and transfer them to the town of canton, connecticut, for operation. the state legislator has passed -- legislature has passed this but federal legislation is also needed to restore their operation. these small dams, already a beloved and long standing symbol of the valley's rich history, they used to power a very well-known and thriving axe factory on the site. this legislation would allow for additional comments and for environmental data to be considered by ferc pry -- prior to taking any action, ensuring that the river's health and the region's health is well protected. legislation has been drafted over the course of many months, with the close cooperation of ferc, who is unoppose

>> the permit for the original well? we have a far exceeded the assets being brought to this problem that were indicated. we far exceeded the breadth of this thing. it is from louisiana, florida, so these are far beyond. >> a bp has brought all they said they would? >> yes. they were all brought to bear. >> is there anything right now that bp is not doing that you would like to see them be doing? >> we would like to see them get better with claims. they make some things. -- fairly easy. if you have a w-2 they are starting to make partial clams and payments. we have someone on my staff after the meeting with bp today. the larger issue that the local leaders identified to the president and that would be businesses putting plans in for their inability to operate like seafood manufacturing plants. they require different documentation and information about the business itself. it appears that may be in little cumbersome. we will have a meeting with british petroleum this week to try and simplify their ability to handle claims

i will say that the burn took 2 1/2 weeks to permit. been a real kind of energy and focus, i don't think it should have taken 2 1/2 weeks. let's say at least a week, because there was interchange between the original plans, the federal concerns, etc. but 2 1/2 weeks. and then i'm told -- again, i've learned what i've been told, not what i know, but then i'm told the dredgers that would be used to make the burns are in the upper mississippi, and until the decision was made, the dredging, they were not begun to be towed. now, clearly that's a lack of alacrity. you need a focus and energy in this response to shorten the 2 1/2-week period to a week. we in louisiana are frustrated by that. thank you for your sympathy. host: melville, new york. republican line. alex, good morning. caller: good morning. just wanted to respond to the issue of removing or raising the liability limits. the notion that you put the liability high at $10 billion is going to preclude smaller companies, i think as dills ingenuous. what about the notion of private ente

gue: as a lisiana man, i harge.ou were in c he burn took 2 t s to permit., if theread been a real kind of energy and focus, i don't think it should have taken 2 1/2 weeks. let's say at least a wk, w interchange betw the orinallans, the etc. ncerns, but 2 1/2 weeks. and then i'm told -- again, i've learned what i've been i know, b then i'told theredgers that woulbe used to make the burns are in the upper mississippi, n was il the decisio mae, the dredging, they were not begun toe towed. now, clearly that's a lack of alacrity. you need a focus and energy in he 2 esponse to shorten t 1/2-week period to a week. we in louisiana ar fstrated by that. thank you for you sympathy. host: melville, new york. republican line. alex, good morning. caller: good morning. to respond to the issue of removing or raising thliability limits. the notion that you puthe liabilithigh at $10 blion going to preclud smaller , i think as dills ingenuous. wh about the notn of prate enterprise and buying insurae for that? carolina om north mentioned earlier, if you had little company and

guest: although these permits were issued under the prior administration.o is it fair to blame obama for not reviewing permits that were issued? were issued? and tazz caller said, this has never happened before. point of correction, there were approved disaster treatment or disaster response plans. bp filed them, the government said ok. they were utterly inadequate and some corners were cut as far as we can tell. there's going to be a lot of investigations, and we'll find out to what extent the government shares blame for this. >> host: we have a graphic here from cq weekly who should lead bp or the federal government? and it says now polls indicate that bp rather than government can and should handle the disaster and recovery. 28% said the feds, 68 prdsbp. this is a poll survey conducted in late may. has there been a time when a corporation or another entity has had so yutch way over a crisis? guest: i can't think of a single time. the valdez disaster is one comparable thing but it didn't occupy the attention of a nation as much as this one. the other thin

the first amendment protects political speech and disclosure permits citizens and shareholders to react to the speech of corporate entities in a proper way. this transparency enables the electorate to make informed decisions and give proper wait to different speakers and messages. that's what this bill does. it does exactly what the supreme court says that we could do and should do, and that is to require disclosure, to require transparency. in the past transparency has been a bipartisan issue. senator mitch mcconnell was quoted in april saying we need to have real disclosure. why would a little disclosure be better than a lot of disclosure? republican leader john boehner in twetch said, i think we ought -- what we ought to do, we ought to have full disclosure and went on to say i think that sunlight is the best disinfectant. this measure, the disclose act, has been supported by government reform groups including common cause, league of women voters, and public citizens. senate majority leader harry reid and the chairman of the senate rules committee have released a letter indicating th

time permitting, i would like to discuss this challenge with you so the public can gain your perspective. i look for to your testimony. >> thank you, superintendent neiman. secretary geithner, i would like to recognize you for five minutes. secretary geithner. >> thank you. thank you members of the panel. as you know, in the fall of 2008, as we confronted the worst financial crisis this country has seen in more than 70 years, congress and the previous administration mobilized extraordinary financial response. their action started the process of stabilizing a system that was on the verge of collapse. when president obama came into office, he took the necessary steps to start to finish the job, to start to save the economy from what could have been a second great depression. last december, outlined an exit strategy. i want to update you briefly on the progress and the ultimate cost. first, because of the actions we took, alongside actions of the federal reserve and the recovery act, the economy is growing again, exports are rising, manufacturing output is rebounding, businesses are investi

from the house agriculture committee, we focused on crafting a regulatory approach that permits end-users to continue to use derivatives to hedge the risks associated with their underlying businesses, whether it is energy exploration, manufacturing, or commercial activities. they did not cause the financial crisis of 2008. a lot of them were the victims of it. most end user companies will tell you that they prefer the house language, which obviously we prefer. it is easier to understand than the senate language. a lot of people believe it is too complex in the senate language. but it ensures that certain entities will be subject to mandatory clearing requirements. if we use the house language as a starting point and add some pieces of the senate language, i believe we can craft an end user exemption that will work. lastly, almost two years ago, we faced oil prices of $147 per barrel. the house passed legislation that provided tools to rein in this speculation. it passed with more than a two- thirds majority, but the senate has not moved in this regard. we also included this in the bill. i

the lager permiting time. it can start accumulating fast. we will not know that for months to come.ight now anywhere from 80 to 100,000 barrels per day. i have seen up to 200,000 barrels of the market. that is significant. that starts to add up. it will accumulate the longer you are out. i think the hardest thing for the industry is the hardesuncery moving forward. what is the next the? how we move on? that is still up in the air. -- what is the next step? how do we have at the process and make sure we can do it? are there rules and regulations we can do right now without shutting down the platform? is there an idea to make it safer? that is what we're looking to get guidance on. host: we're talking to the senior american economic adviser at american petroleum. gas prices have been somewhat stable. guest: that is right. they are following what is going on in the crude market, around 75 and $85 per barrel. we have plenty of supply and out there. we are producing a lot of gasoline. -- we have plenty of supply out there. we have plenty of supplies. this accident so far has not affected

time permitting, i would like to discuss this challenge with you so the public can gain your perspective. i look for to your testimony. >> thank you, uperintendent neiman. secretary geithner, i would like to recognize you for five minutes. secretary geithner. >> thank you. thank you members of the panel. as you know, in the fall of 2008, as we confronted the worst financial crisis this country has seen in more than 70 years, congress and the previous%% administration mobilized extraordinary financial response. their accion started the process of stabilizing a system that was on the verge of collapse. when president obama came into office, he took the necessary steps to start to finish the job, to start to save the economy from what could have been a second great depression. lasttdecember, outlined an exit strategy. i want to update you briefly on the progress and the ultimate cost. first, because of the actions we took, alongside actions of the federal reserve and the recovery act, the economy is growing again, exports are rising, manufacturing output is rebounding, businesses are invest

time permitting, i would like t% discuus this challenge with you so the public can gain your perspective. i look for to your testimony. >> thank you, superintendent neiman. secretary geithner, i would like to recognize you for five minutes. secretary geithner. >> thank you. thank you members of the panel. as you know, in the fall of 2008, as we confronted the worst financial crisis this country has seen in more than 70 years, congress and the previous administration mobilized extraordinary financial response. their action started the process of stabilizing a system that was on the verge of collapse. when president obama came into office, he took the necessary steps to start to finish the job, to start to save the economy from what could have been a second great depression. last december, outlined an exit strategy. i want to uudate you briefly on the progress and the ultimate cost. first, because of the actions we took, alongside actions of the fedeeal reserve and the recovery act, the economy is growing again, exports are rising, manufacturing output is rebounding, businesses are investi

. >> in and of themselves extending those tax cuts makes them permit would increase the national debt? >> us away but it also a trade-off and you have to ask yourself whether there are other options that may be more effective at reducing deficits at less cost. >> i understand the timing is important but in your opinion do tax cuts pay for themselves? some people say you can balance the budget just by cutting taxes more. in your opinion the tax cuts pay for themselves? >> in general the the income tax cuts-- the actual revenue losses less than the static estimate because there are some positive response to the economy but in general i don't think most economists would agree that they completely pay for themlves, no. >> thank you. >> the $1.2 trillion estimate for 2009, the number supplied by cbo for 2009/2010. mr. autry of ohio. >> thank you for being here today and sharing your thoughts on the economy and the financial markets and certainly i appreciate you sharing your thoughts about a system that is more resilient at having a plan in place for stabilization, and i appreciate being c

she said, i'm not going to permit that.cution after hearing that three weeks later decided we'll nolle pros that. that was one error. that was despite the client saying don't do that. >> larry: that's amazing. >> the other one was the final argument. that's when i came back in to take over. the prosecutor said to the jury 12 times that dr. kevorkian should have taken the stand. >> larry: you can never say that. >> that's automatic mistrial. counsel sat there and didn't understand it and the judge move far mistrial. there was no motion for it. >> larry: the brother of the man whose death sent jack kevorkian to prison is with us after the break. don't go away. rth. and at ge, we're using it, right now, to create innovative technology that will improve the health of our economy... the health of the earth... ♪ ...and the health of its people. ♪ ♪ [ both screaming ] i got into one of the most expensive schools in the country! [ male announcer ] when stress gives you heartburn with headache... alka-seltzer gives you relief fast.

we cannot permit any doubt or uncertainty in that regard. general mcchrystal did the right things by offering to resign. i think it is also critically important for us to remember the mission before us. there is still a war to be one. as the secretary indicated, our focus must be on succeeding in this mission,

and the resolution permits the speaker to entertain motions to suspend the rules through the legislative day of friday, june 5, 2010. the resolution waives a requirement of clause 6-a of rule 13 for a 2/3 vote for same-day consideration of a report from the rules committee through the legislative day of friday, june 25, on a measure that includes a subject matter in h.r. 4213. madam speaker, i rise in strong support of this rule and in strong support of the underlying bill. you know, during my time in congress i haven't had a single constituent say to me, you know, jim, i think there should be more special interest money in politics. obviously the conservative activist judges that now make up the majority of the supreee court don't live in my district. because in january the court tossed aside decades of established law and legal precedent by ruling that corporations and unions can spend unlimited amounts of money in federal elections. as justice john paul stevens pointed out in his dissent, the decision, and i quote, would appear to afford the same protection to multinational corporatio

it will provide us with the synergies that will permit us to continue to invest in our employees and i have made it very clear that the wealth creation -- i intend to share that with all groups. in terms of service to communities, we allocate the aircraft that we have with the larger jets, depending on the demand of the routes and for smaller markets, we often use a regional affiliates that we contract with because those routes cannot bear a large aircraft, but rather a 50 seat aircraft. what matters the most is the air service. those regional carriers have employees as well. our own employees will benefit with this merger. >> so, as the congressman said, the reason that the low cost carriers do not serve those that we spoke to, they do not have access ability to the aircraft that we mentioned. 737 will not be flying to north dakota to pick up passengers and connect into denver, but our 50 seat regional jets will and that is how we will get on to wherever they will be flying. that is the way the networks work. the low cost carriers will not offer service to those communities if we we

is prohibited, unless it is permitted into the rivers. we do recognize -- into the reverse. we do recognize that israel has the right to exclude a few things that have direct military value. we definitely think that the list of things that are relevant to approve in the daily lives so that the average person in gaza should expand significantly and israel should narrow down its dairy concern to those kinds of things which really contribute s daily concerns to those kinds of things which really contribute. this was part of the basis of our discussions with the israelis, suggesting that their present approach is unsustainable. we're glad that the israelis have heeded our approach. now it remains to be seen how it will be implemented and expressly if we have the impact on the ground that we would like to see. a broader aspect of this is not just improving the basics, in terms of the lives of the average citizen of gaza. one has to find a way to rebuild the economy of gaza in a way that supports the people, but hamas.ot support home loshow the

i would be happy to talk about this if time permits. very briefly, the federal reserve has been working closely with the banks, the examiners, and with small business. i was just at a conference on this in detroit trying to make sure that the banks are able to lend to credit-worthy borrowers and that they are not being excessively conservative or denying did more worse credit. >> is that message getting to the examiners? >> i am never satisfied. i am sure that there are examples we could point to where that is not happening. we have made a very substantial effort in terms of training, in terms of conference calls, in terms of repeated exhortation to our examiner said that it is very important to work with the banks to make sure that credit- worthy borrowers are not turned away. the banks have taken a number of steps. they have taken on second-look programs where loans are given a second look to see f., perhaps, -- c f, perhaps, -- see if, perhaps they could be approved. >> mr. chairman, currently we are in a transition period. fannie ma

in late may the president announced he is extending the moratorium on permits to drill new deep wateror six more months. i certainly think we need to be careful about that and examine very carefully whether or not and how we should go about further deep water drilling. while this moratorium can be necessary to review safety and environmental regulations, it will clearly have a negative impact on production, jobs and revenues to states and the federal government. the offshore industry is responsible for nearly 200,000 jobs around the gulf of mexico and over $13 billion a year in nontax revenues for the gulf coast producing states. total revenue collected by the general treasury from all federal offshore operations total $5.9 billion in 2009 alone, drimg on the outer continental shelf is an important issue not just for the gulf states but the entire country. tlr several investigations into the cause of this rig explosion and the administration established an independent commission to submit a plan to the president within six months providing solutions to prevent and mitigate future spil

caller: they track the drilling permits out west. you can see that there are literally millions of acres of leases and often a company will purchase them and sell the profits. it is all speculation. the purchase oil leases the inset on them. what the government should do, they should require that if in one year, it does not belong to bp, it belongs to us. we are losing billions of dollars every year in royalties. if you are going to produce toxic chemicals, you have got to pay for the cost to get it cleaned up. one reason the department of energy is completely exempt from superfund sites, we are spending billions of dollars to pay for uranium talks cities -- toss the city and plutonium -- toxicity. every man that shallows -- shovels yellowcake dies. the taxpayers had to pay for that. that was back in the 1950's. we have plutonium going down the creek into the ohio river. out in idaho that melted nuclear reactors to see what would happen. they have a arsenal outside of denver. that is where they build the triggers for the atomic bomb.

the commander has to weigh whether the risk assessment is such that he will permit movement or not permit the movement and that is generally the process that they use to maintain an overall security package around the convoy. a military convoy is clearly that. its forces are indigenous. they operate under rules of engagement. the primary difference is that if a military convoy is attacked -- generally speaking, if a civilian convoy is attacked, their mission is to leave. they are to protect themselves but egress the area as rapidly as possible. a military convoy operated on rules of engagement and may elect to engage with the enemy. there is a profound difference in what can happen after the attack, but there are times when we have mixed convoys out there were the military and civilian convoys are mixed and in those instances, to my knowledge, they are under pure military control. the military exerts the authority over the whole convoy. the pfcs are not to offer in offensive mode. >> what i was fishing for more explicitly, was support for the civilian contractors. it is not a good idea to