. >> i will tell you -- romney and rob portman of ohio. tune in next week. vo:geico, committed to providing service to its auto insurance customers for over 70 years. more information on auto insurance at geico.com or 1-800-947-auto any time of the day or night.

. >> i will tell you -- romney and rob portman of ohio. to in again next week. -- tune in again next week.

part of the reason was because rob portman was on it.ob has an unparalleled blend of experiences in his professional lifetime that includes starting working as either an intern or a lowly assistant to alan simpson on the immigration issue, but moving forward, of course, to being a member of a house known for his bipartisan efforts, to be in both budget director and trade representative before moving to the senate. he understands as well as anybody that given the shakiness in europe, the troubles in the global economy, that we are no longer just playing with fire or even playing with live ammunition. we may be playing with atomic weapons in terms of the future. so there be an urgency to act and a recognition that as much as the super committee leaves many of us who believe in the regular order of the legislative process uneasy -- these extra and unusual actions are not really the way you would ideally like to go, but having the ability to take whatever you produce, brought forward for an up or down expedited vote with no filibusters, no d

so rob portman might be more helpful there. also, it's a governing pick.rience on the hill, both in the house and the senate, in the white house as the budget director. and he would bring a lot of gravitas experience to this administration. couple others on the short list, the virginia governor, bob mcdonnell, he would be someone if mitt romney's having trouble with the base, he definitely would please conservatives. someone else on the list, senator john cornyn of texas also would be sort of governing pick. someone with no negative information out there about it. >> mark haleprin, do you have any thoughts who he might pick? we've also heard the name of the governor suzansanna martinez. >> mitt romney is going to make a governing pick. he knows from history the first, second, and third obligation politically and substantively pick somebody ready for president, i think rob portman is head and shoulders among most other people. the press and public would look at him and say, yeah, that's responsible, somebody ready to be president. i think chris christie wil

i'm not sure i like rob portman who explained ohio's beer to me. think a lot of people in colorado would pick colorado's beer. >> i know where you're going to stand on that. >> you guys also drink verners which i don't get. >> so cheerful around here, chuck. all cheerful. >>> with europe's debt crisis still looming hour, will the fed react today? the market rundown is next. and vladimir putin facing a surprising challenger in his bid to become president of russia again. the latest on the billionaire from new jersey giving putin a run for his money. >>> first, today's trivia question. who is currently the most senior junior senator? tweet me the answer. >>> time for the entrepreneur of the week. former rockette amy burnett opened the next step broadway dance studio in jersey city with children's dance classes and expansion in mind. she rented space, added adult classes, a performance summer camp and partnering with another group on performances of the nutcracker. for more watch "your business" sunday mornings at 7:30 on msnbc. [ female announcer ] l

will find republicans who are strong supporters of energy efficiency, and i would cite senator rob portman, who has joined with a democrat from new hampshire to put forward an energy efficiency bill that is built around driving energy efficiency for the economic competitiveness reasons and economic security. it does environmental benefits that go along with it, but here you have a republican and democrat working together, pushing legislation could they have gotten it through the senate energy committee. we are hopeful it will be considered before the full senate. this is not an issue that should be partisan. is something for everyone. guest: our next call -- host: our next call comes from hawaii for kateri callahan. caller: i have a few comments and questions. i worked in solar. proves itself all the time in my state with solar thermal. incentives are only trying to match at some point what will incentives have been for a very long time. -- oil incentives have been for a long time. efficiency makes water stay hot in the pipes for a long time. it is incredible for people to knock efficiency

much money the industries give to the members of congress, and the members, a former omb director, rob portmanere by receiving? like $59,000 from ge over the 2010 elections, and i guess the main point here to find from you is how can we, with the probably we're in economically, how is this ever going to stop when the defense department who needs the weapons says no and the congress says yes? >> guest: i mean every year there was another -- i don't know 10 or 12 billion that the congress added to our legislation. we didn't want. we argued, please, don't put that in there. it's for things that had nothing to do with the defense budget. now, the implication of the question is, sure, we have serious economic problems in the country, but there's no way to balance the budget off the defense department. c-span: my implication is how do we start this throughout government? >> guest: exactly. it's broad. the entitlements is basically where the money goes, the largest frangs. we spend today a relatively small percentage of gdp on defense compared to, for example, back in the eisenhower and kennedy era,

rob portman was a passionate advocate for the. many of us spend time working on the specifics of what this would look like. i thought that this was something we could end really should do with in this committee. thirdly, on individual income tax side, when i suggested is that we lower marginal rates. let's shoot for 20% across the board in all marginal income-tax rates. then offset the loss strategy by limiting the value of deductions. i think we could and should be flexible about the exact mechanics by which we achieve that. i personally feel that the mechanism that marty feldstein developed, lowering the adjustment to gross income is appealing in other ways. in any case, our proposal was to do it in a way that does not make the tax code less progressive than it is today and onet we maintain that with ver important restriction. that we restrict the of preparation on the top two brackets. in addition to the $250 billion so generated, we propose that we have another $250 billion of revenue that would come from relatively non-contro