now, what i am going to do is work with people like senator schumer and manufacturers who are affected by these trade imbalances, and i think we all have the same interests, and that is the united states can compete with anybody, as long as we have got an even playing field, and as i indicated in my opening remarks, we are prepared to enter into trade agreements with korea, and one of the things we discussed here is is there a way to reinvigorate the doha round, which has been stuck for a very long time? so i agree with the statement in the communique that trade can be a source of prosperity for everybody, but it has got to be a fair deal. and it is not just currency, by the way. their chinese partners about%- what they're doing with barriers, what are they doing with respect to international protection, state-owned enterprises, or state owned banks that are subsidizing industry, so there are a whole host of issues. now, and data become a they have got issues with us, and i think we can manage these trade issues. this is for a number of countries, including countries like canada. jacki

as you know senator schumer and i have combined two bills into one on currency that gives very clear authority and requirements to vote in terms of both identifying and currency as a subsidy, which it is. getting artificial discounts to bring a product in every single day. it is unfair, and it is a violation. we paid to the definition under the international mnetary fund. it is wto complaint. we also have specific requirements for us t r under we've have been told there were items being purchased from china but exhibit a in this came from my colleague in the house this had made in china made in the united states in fact it was the gm plant five minutes from our house in lansing. we don't need to be purchasing these from china when they are made in the united states. we also know that tigers and the bullets, ammunition as well have een purchased from china and so i would like you both to react on currency but also whether it is you will work with us to close the loopholes on the buy america provisions and make it very clear we are not going to do business and provide american tax doll

so you were celebrating -- >> senator schumer explained this to me earlier. >> yeah, he did. >> that's because no other restaurants are open. >> you were with your family on christmas day at a chinese restaurant? okay. >> yes, sir. >> that's great. that's what hanukkah and christmas is all about. now, what happened in detroit on christmas day? can you recall? what was so unnerving about that day? >> well, that there was a fail but only just failed terrorist incident. >> we were lucky as a nation that a bunch of people didn't get killed on christmas day or in the middle of hanukkah, whatever holiday it may be, aren't we? we're lucky that bomb didn't go off. >> it was a -- it seemed a close thing. i don't know more than i read in the newspapers about that incident. i was not, you know, involved in any of the discussions about what to do on that day. >> the times square incident, do you recall that? >> yes, sir. >> we were lucky that van didn't explode. >> every time one of these things happens, it is extremely unnerving. and, you know, makes us aware of the need to take efforts to make s

let me get to senator schumer now. >> just a queson about the notice. ll conferees have the opportunity to assist in drafting the position, and given that the minority have 48 hour -- >> the minorit can draft what we will ke every effort not to be confused with those we coittals youive me after the vote has been given to the clerk. the cmitment to sharing think this earlier is a nice one, and you people -- we are going to try to havehe proposals that the majority intendso offer, but things to be amended and changed. our effort will be to have them available by noon the day before. >> this was submitted and where what -- wille get answers to theseuestions? >> i did not have a chanc to answer the letter and i did not get 48 hourso answer. the answer is, to that political gesture, i do not have an answer to a letter that he gave me as the conference began. i recognize center schumer. >> i want to beg by both banking chairman don and lincoln for their hard work, dedication in craftinthe bill that psed out of he senate. i want to thank chairman frank and you

senator schumer and i were part of different bodies. i believe that mr. gramm was part of the chairman -- part of the chair. and over the years, we have major that all of our fellow citizens would have the access to capital, mortgages, loans, and all the things that make it important for people to achieve the dreams that all americans have to improve the quality of life for their families. in this bill, we're suggesting an effort ought to be made that the members of our society and minorities and others, we reach out to those millions that have never been able to access the traditional sources of financing in our country is something that all of us ought to be able to embrace. i don't think it detracts at all from financial stability. in fact, i think it enhances that. but every single american, there isn't -- and there is an opportunity to secure a greater opportunity for all of us. i don't think this language in the bill the tracks in any way whatsoever. in fact, quite the opposite. i would respectfully urge defeat of the amendment. >> let me just say o

so you were celebrating- >> senator schumer explained this to me earlier. >> yeah, he did. >> that's because no other restaurants are open. >> you were with your family on christmas day at a chinese restaurant? okay. >> yes, sir. >> that's great. that's what hanukkah and christmas is all about. now, what happened in detroit on christmas day? can you recall? what was so unnerving about that day? >> well, that there was a fail but only just failed terrorist incident. >> we were lucky as a nation that a bunch of people didn't gett killed on christmas day or in the middle of hanukkah, whatever holiday it may be, aren't we? we're lucky that bomb didt go off. >> it was a -- it seemed a close thing. i don't know more than i rea in the newspapers about that incident. i was not, you know, involved in any of th discussions about what to do on that day. >> the times square incident, do you recall that? >> yes, sir. >> we were lucky that van didn't explode. >> every time one of the things happens, it is extremely unnerving. d, you know, makes us aware of the need to take efforts to make sure tha

senator schumer and others are ready to pass legislation which would, at a minimum, require the u.s.to take account of this cheap currency in deciding whether to put counter veiling duties and now import barriers on chinese trade. i think the next step might be some disruption in the trade flows between the two countries if china remains as defensive as it is. >> suarez: fred bergsten, good to talk to you. >> good to be here. >> lehrer: and to the analysis of shields and brooks, syndicated columnust mark shields, "new york times" columnist david brooks. on the oil spill , congressman joe barton's apology to b.p. and his apology about the apology, are you as upset about this as so many others? >> no, i am not as upset. politically it was an unbelievably stupid thing, and substantively it was two-thirds of an unbelievably stupid thing. let me go to the one-third. he actually had a kernel of truth at the core. which it, we're a nation of laws. we have laws to protect the unpopular, and to even protect people who do bad things, and we have a set of laws, when somebody does something bad,

as senator schumer said yesterday , we're looking for somebody who can moderate the court and a little humor would do them a lot of good. >> reporter: after a late afternoon break, kagan returned to the witness table. she faces another day of questioning when the hearings resume tomorrow. >> brown: judy woodruff has been anchoring or gavel to gavel coverage of the hearings today. she joins us now from capitol hill. judy. >> woodruff: i'm here again overlooking the judiciary committee hearing room with marcia coyle of the national law journal. marcia, this is day 2, the question day. the republicans tried to pin elena kagan down on a number of things. jeff sessions, who is the ranking republican on the committee, went after once again her policy of ... at harvard while she was dean of the harvard law school of limiting the access that military recruiters had to law students. how far did he get? >> well, i think he may have scored some points just partly because he was so persistent in trying to make it clear that he believes that she actually violated a congressional statute. the solomo

let me get to senator schumer now. >> just a question about the notice. will conferees have the opportunity to assist in drafting the position, and given that the minority have 48 hours -- >> the minority can draft what everyone's to draft. we will make every effort not to be confused with those we committals you give me after the vote has been given to the clerk. the commitment to sharing think this earlier is a nice one, and you people -- we are going to try to have the proposals that the majority intends to offer, but things to be amended and changed. our effort will be to have them available by noon the day before. >> this was submitted and where what -- will we get answers to these questions? >> i did not have a chance to answer the letter and i did not get 48 hours to answer. the answer is, to that political gesture, i do not have an answer to a letter that he gave me as the conference began. i recognize center schumer. >> i want to begin by both banking chairman don and lincoln for their hard work, dedication in crafting the bill that passed out of

schumer votes aye by proxy. >> mr. schumer votes aye by proxy. >> what is the tally? >> 20 ayes, 11 nays. >> the house sends you its approval. >> let me congratulate you on a terrific job. we will now vote on the senate side. those in favor aye, those opposed nay. the ayes have it. [laughter] i will ask the clerk to call the roll. >> mr. chairman? >> aye. >> mr. johnson? >> aye. >> mr. reed? >> aye. >> mr. schumer. >> aye, by proxy. >> ms. lincoln? >> aye. >> mr. harkin. >> aye, by proxy. >> aye, by proxy. >> mr. shelby? >> no. >> mr. crapo. >> no. >> mr. corker. >> no. >> mr. gregg. >> no. >> mr. chambliss. >> no. >> the clerk will report. >> 7 aye, 5 nay. the bill is passed. >> i thank my colleagues. [applause] >> with the votes of the house and senate conferees in favor of passage of the bill, i declare the bill passed and the conference committee is now adjourned. [applause] >> nice to meet you. take care. >> i'm on the cleanup crew. >> congratulations. >> congratulations. >> we recognize the tremendous efforts of staff. barney frank and i have worked together for

i am going to work with people like senator schumer and manufacturers, workers affected by these trade imbalances, and i think we all have the same interest. united states can compete with anybody. as long as we've got an even playing field. as i indicated in my opening remarks. we're prepared to enter into trade agreements with our real our -- korea. we talked about reinvigorating the doha round. trade can be a source of prosperity for everybody, but it has got to be a fair deal. and it is not just currency, by the way. we've had discussions with our chinese partners about what they are doing on non-tariff barriers and respect to intellectual property rights, and with respect to state-owned enterprises or state-owned banks that are subsidizing industries. there are a whole host of issues. that does not mean that they do not have issues with us. i think we can manage these, but it is important for china to take seriously not just what we're saying but what a number of countries, including countries like canada, are saying. jackie. where you that? >> i am back here. thank you, mr. presi

schumer. >> know, by proxy. >> ms. lincoln. >> know by proxy. -- no, by proxy. wait, a little bit. senator lincoln, aye by proxy. >> mr. harkin. no, by proxy. >> mr. shelby. >> aye. >> mr. kriegel. crapo.mr. krieg >> aye. >> to the measure is a tie and it is defeated. >> we are going to recess for five minutes. [gavel] >> come to order. let me say, we previously had a tie vote and the proposal failed on the tie vote. as an expressive to senator chambliss, i believe -- as i expressed to senator chambliss, i think it is important to note that, while i do not necessarily disagree with what he is suggesting, and the fundamental reason for the vote on this side has less to do with the substance of the thing. the fact of the matter is we have a limitation on the parameters of this conference to be focused on the title that deals for the pay-for provisions of the deal. i'm prepared to work with my colleague from georgia on this to see if a call away solves the problem or something else may be done. >> in the procedural footing, i hope to not vote to reconsider. this is a very large bill.

schumer and evokes aye by proxy -- and he votes aye by proxy. there are 20 ayes and 11 nays. >> the house send you its approval of a financial reform bill. >> thank you very much, chairman frank and let me thank you on a traffic job. house members will vote on the senate side and all those in favor said aye debate ayes appear to have it. [laughter] i will ask the clerk to call the roll them mr. chairman, aye, mr. johnson aye, mr. reid, aye, mr. schumer aye by proxy. . licoln aye, mr leahy aye, mr. ahrkin aye by proxy, proxycorker no, mr. greg no. the votes are seven ayes, 5 nays, the bill is passed. >> i thank my colleagues immensely. [applause] >> conferees in favor of passage of the bill, i declare the bill passed and a conference committee is now adjourned. [applause] [random chatter] [random chatter] [no audio] [no audio] [no audio] [no audio] [no audio] [crowd chatter] >> we have consumer protection for the first time in this country. we don't want to end up with the same situation that brought our country to near financial collapse. we bel

senator schumer votes no. >> mr. schumer votes no by proxy. it is a tie vote, and the measure is not passed. >> mr. chairman, i like to say it was bipartisan agreement on some titles. there are numbers of titles. >> it was bipartisan agreement that resulted in partisan vote. when people vote against a whole bill, to me, the fact they were in a bipartisan agreement is hardly conclusive that we should not look at the substance. >> we have a bicameral system. >> i understand that, senator, but it is a genuine bicameral solution, so an agreement made in the senate with people who vote against the bill, a lottto make it clear it is not binding on us here. >> we knew that. >> thank you. [captions copyright national cable satellite corp. 2010] >> a break in the action here as house and senate conferees work on amendments to the financial regulation bill. this is the fourth day, this morning at 11:00 a.m. these conference meetings are met to merge the house and senate versions of the regulations bill. members are expected to continue work into next we

caller: i remember just before her nomination, chuck schumer was looking to become president. for some reason, he was the one that was labeled as more moderate. a republican president would never have a moderate person on the court. i wonder what this says about the democratic party and the ideological neutrality that they have compared to republicans, who are so much more philosophically committed to their positions? guest: it is pretty clear what we have seen from what she has pitchesaid, she is more moderatn those on the far left. however, what some democrats have noted privately about her nomination, it is really more pragmatism and the realism about the political times we are in, than anything else. she is well qualified. she has quite an extensive background in the issues that she would be dealing with on the court. she was the solicitor general. her resume and writings were scrutinized back then, but there was not as much attention on it back then. she is a pretty safe nominee because of her previous background and with president obama having a lot of political problems

. >> how long you expect people like charles schumer and american manufacturers who have lost so many jobs, how you expect them to handle this? >> we are not going to have a colloquy here, but my expectation is that they will be serious about the policy that they, themselves, announced. i will work with people like senator schumer, manufacturers, workers who are affected by these trade imbalances. i think we all have the same interest. that is, the united states can compete with anybody as long as we have an even playing field. as i indicated in my opening remarks, we are prepared to enter into trade agreements with korea. one thing we discussed this whether there is a way to reinvigorate the dhanapaldoha r. i agree that trade can be a source of prosperity for everybody, but it has to be a fair deal. it is not just currency, by the way. we have had discussions with our chinese partners about what they're doing on non-tariff barriers, what they're doing with respect to international property -- intellectual property. there are a host of issues. undoubtedly, they have some issues with u

schumer, aye. ms. lincoln, aye. mr. leahy, aye by proxy. mr. harkin, aye by proxy. mr. shelby, no. mr. corker, no. mr. gregg, no. >> the clerk will report. >> the votes are 7 aye, 5 nay. the bill is passed. >> i thank my colleagues, immensely. [applause] >> will the house and senate conferees in favor of passage of the bill, i declare the bill passed and the conference committee is now adjourned. [applause] [inaudible conversations] >> i think chairman frank and his team. we recognize the tremendous effort of the staff, representative barney frank and i worked together the last couple of years. it is a big legislative effort. we have a lot of work to do. this makes a huge difference. we thought we could get this done, but to establish a consumer protections bureau for the first time in the history of our country. stopped too big to fail, provide for the protections and see to it that we don't end up in a kind of cataclysmic event that brought our country to the brink of financial collapse. that kind of early warning, there are other items that are included. we believe we have somet

from house speaker pelosi to senator charles schumer the same political elitists who want to deny your right to protect yourself from violent criminals want to block enforcement of a law that could stop those drug cartels, kidnappers, and killers. ladies and gentleman, it has been reported that two months ago in cochise county, a rancher reported a massive drug shipment on his county. drug smugglers came in, tied the man up and his wife, and vowed to kill them both if they ever interfered with drug shipments again. a week later, a few miles east along the border, another rancher was working his land and minding his own business. just a few hours before sun up on palm sunday, authorities believe the gunman came back and shot that man down. they killed him in cold blood. that criminal shot robert prince and his dog. yes. his name, which you are probably hearing for the first time today, has been almost universally ignored and forgotten by the political class and the media losers who 0 everyone of us so much more. robert prince was a husband and father. he became a life member of the nati

caller: here in oneida county we had a senator chuck schumer come in for a press conference. he announced $32 million at one point in stimulus fund to offset medicaid. i have a question to, ok, we are setting medicaid but we are reforming the system. so what do we do? he said, if we are medicaid -- it is a long story, but i will make it short -- what to do with this? we can use this $32 million for whatever we want. he confirmed that at a press conference. the final decision ended up with the county executive. we did not get the $32 million up front. it is coming over the course of the next couple years. the county executive decided he will use it just to build the budget and try to keep taxes down, which is great. everybody wants to keep taxes down. again, though, what we do when the money runs out? s should required their counties to reform their budget process so we do not end back in this same situation. host: what is the budget process for your county? caller: the county executive proposes a budget. the county board has the final say over it. my personal opinion is that

and next, senator schumer. >> thank you, mr. chairman, and i, too, want to note the passing of our friend and leader, senator byrd. senator byrd's fierce devotion to the constitution hovers over this hearing and nothing could be more appropriate on the sad day of his death than holding this hearing, where the first branch of government gives advice and consent to the second branch of government as we fill somebody -- fill a position on the third. well, welcome, madam solicitor general. there's only so much we can do to elaborate on your qualifications. solicitor general kagan's achievements, as well as her record, are by now well known to this committee and by the end of the week, they will be well known to the american people. frankly there are not many blankseft to fill in. given how forthcoming general kagan has already been, i would think that we could finish this hearing in one round of questioning. now, i am and i've always been a strong advocate for asking nominees searching questions and i expect nominees to answer. i al

and next, senator schumer. >> thank you, mr. chairman, and i, too, want to note the passing of our friend and lder, senator byrd. senator byrd's fierce devotion to the constitution hovers over this hearing and nothing could be more appropriate on the sad day of his death than holding this hearing, where the first branch of government gives advice and consent to the second branch of government as we fill somebody -- fill a position on the third. wl, welcome, madam solicitor general. there's only so much we can do to elaborate on your qualifications. solicitor general kagan's achievements, as well as her record, are by now well known to this committee and by the end of the week, they will be well knowto the american people. frankly there are not many blanks left to fill in. given how forthcoming general kagan has already been, i would think that we could finish this hearing in one round of questioning. now, i am and i've always been a strong advocate for asking nominees searching questions and i expect nominees to answer. i also b

the associated press is reporting that democratic senators charles schumer and ron wyden are pressingto delay paying shareholder dividends until the full costs of cleaning up the spill are calculated the shareholder dividends are expected to be worth $10 billion. >> booktv in primetime continues today with a look at politics. john hill on political centers and and the role of government in our lives, the founder of "american spectator" on the future of the conservative movement, and tufts university professor peniel joseph. booktv prime time, all this week on c-span2. >> we have a three new c-span books for you. "abraham lincoln," "the supreme buried ind "who's grant's tomb?" to order, go to c- span.org/books. each one is a great gift idea for father's day. according to our recent urban institute study, african- american high-school graduates will take 20% longer than white graduates to find a job lasting more than six months. a discussion on this report is hosted by the urban institute. it is about an hour and a half. >> good afternoon. i'm margaret simms, and i would like to welcome