- they have retained firms that employ lobbyists the ones or for the former chair of the senate finance committee, max baucus. said: there is a lot to be there about how lobbying is regulated and who registers and

there was a senate finance committee meeting on the trans-pacific partnership treaty now concerns were shared about how this treaty may affect intellectual property and even the milk you drink we'll tell you more later. well it's wednesday april twenty fourth five human washington d c i'm margaret held in you're watching our team and we begin in boston with the latest with more than a week and a half after two explosions ripped through the boston marathon new information is coming to light about those allegedly responsible for the attacks now brothers terrilyn in joe hart also new details of the bombers ties to russia now the eldest for nine has been revealed to have been on the f.b.i.'s radar this after russia raised the red flag during tamarinds visit to the country back in two thousand and twelve as the investigation continues both countries are digging deeper into figuring out the causes for these actions artie's correspondent. is in boston with more. a terror act that shocked the u.s. the suspects a nineteen and a twenty six year old that's our naive brothers joe hart was a u.s. c

it was a product produced by the staff of the senate finance committee, as a vehicle to get them out of town before christmas eve, so that they could then get to the conference committee where the real work, the real work of writing this health care law would occur. the american people were cheated by this process, mr. speaker. and now we're left to deal with the consequences. and what are the consequences? 500,000 children according to the to a newspaper being taken off their employer-sponsored insurance. people in the pre-existing program who had been waiting patiently for their turn are now told, we're sorry, it's full up. no more space. you can't come in. it didn't have to be this way. there were good ideas on both sides that could have been take noon account. one of the fundamental questions i think we have to ask ourselves over and over again is, where were the country's governors when this bill was actually writen? of course it was written by the senate finance committee staff so the governors were nowhere in the room. a lot of the deals that was struck between some of the spec

. >> the bill got approval from the state senate finance committee. >> new york city officially cancelledt's fleet week today and san francisco may not be far behind. new yorkade the decision after the u.s. navy said it would not be sending ships because of cuts. mayor lee told abc 7 news today he will meet with organizers to decide if the show will go on. >> without the navy and marines and parade of ships it would be hard with the blue angels. disappointing. >> mayor lee says he will try to get answers during the trip toed with wad. fleet week brings in about $65 million to the local economy. >> hard to imagine san francisco without it more still to come tonight at 6:00. new details on the boston marathon bombings and aponsthe t terrorist attacks. >> plus, vurz video so bad that cameras made mandatory downtown. >> nobody tells him the date changes. he misses the >>> a crash sent a car into a home in west san jose. neighbors on lee avenue in the cambrain area tell us two cars hit each other ask one car went flying into a house. >> two people inside of the home went to the hospital. three

for all that time, the finance committee has had an opportunity to work on this legislation in the way they said they thought it should be. and -- and there were hearings in the senate commerce committee in august of 2012 on essentially the same 11-page bill that has been introduced here today and that we're acting on. it was a partial hearing in the senate finance committee during that year but that was all. and then in this year, in february on valentine's day, senator enzi introduced the marketplace fairness act that we are debating here. this 11-page bill. and there was a letter from 16 senators, republicans and democrats, asking the finance committee to hold a hearing and to deal with it, but it has not. so i respect the decision of the chairman to be opposed to the bill and not to -- to hold a hearing and not to report the bill to the floor, but if he does that, then i would suggest he should respect the right of the majority leader to bring the bill to the floor and allow the senate to debate it. and as far as the regular order goes, a week should be long enough to consider this bill which has been in one form or another around since 2001, and we could have b

this is a bill that fails -- falls under the jurisdiction of the senate finance committee. but the committee has not had a markup on the bill. instead, the marketplace fairness act is just the latest in the long line of bills brought before the full senate without due consideration in the committee of jurisdiction. mr. president, this has become far too common. i understand there are those who feel strongly about this legislation and i admire and respect the sponsors of the bill who have worked hard to address what they see as a major problem in our nation's tax policy. but that simply isn't enough to justify yet another adjudication of the -- or abdication of the committee process here in the senate. the senate is organized into various committees of jurisdiction so members are able to develop and utilize their own expertise on specific issues. when a piece of legislation goes through the committee process, it is thoroughly vetted and examined. this provides an opportunity to resolve technical issues and address various concerns before the bill is brought to the floor for a

process the president isn't engaged enough on this and the counterpart, the chairman and senate finance committeemocrat running in a very republican state for reelection, so there is some skepticism of the weekend delivery enough democrats in the u.s. senate to get tax reform done but still remains optimistic on this one. they said yes, tax reform can get done, but there are lots of challenges to get done this year. gerri: it will keep both you and me busy. good to see you. now we want to talk about a story we talked about in the past, which i love, french care workers try to prevent a shutdown of the goodyear plant by suing the company in all ohi. in february i spoke to the ceo of another. they had leaked a letter in which he described workers as lazy. here's what he told me about the atmosphere at that plant. >> you walk in, they get an hour for their lunch and their breaks, that is paid, seven hours in the day, and then they work about three hours and the other three is like a beauty shop, they are socializing. and the reason being, the union thinks you should hire more people. that is the uni

they got approval from the state senate finance committee and it now heads to the health committee for more debate and a second hearing. >> you could say that knowing the truth about what food you are eating could help us lose some weight. instead of seeing howle many calories they have. some folks make better choices when they see how much exercise is needed to burn off the calories. a group of researchers in texas printed menus with the numbers of minutes of brisk walking it would take. the people who ordered from those menus ordered less food than those who saw you menus that displayed a number of calories specifically. that kind of puts it in a new perspective. >> it does, indeed. >> burn a calories pointing and waving on the weather wall. >> i have no sugary drinks but the forecast is sweet! >> oh, my. >> doppler 7 "hot rod tv." the clouds push beyond the coast and over the bay and push inland in some locations tonight. a live view from the high definition roof top camera here at abc 7 look at the sky and the emba embarcadero. 58 across the bay in oakland. 59 mountain view. anothe

share, and so what the ways and means committee would like to do in cooperation with the senate finance committees make it fair. get rid of all the loopholes. get rid of the fancy code, simplify the tax code and create two rates. a top rate of 25%, and a bottom rate of 10% and that way people can fill out taxes on a post card, mail it in and like you said, april 15th can be a much more relaxing day. you know, we spend 6 billion hours as americans to comply with our tax code. 160 billion dollars on accountants and tax attorneys and you know, that money could be better used in our economy. that time could be better spent either with your family or in your business. it shouldn't be to comply with uncle sam's tax code. >> mike: we haven't had real tax reform since 1986. i'm just curious, how likely are we to see something of significance in reforming the tax code? >> great question. i think it's likely in spite of the president. in other words, governor huckabee, if you look at the president's budget, he proposes a trillion dollars in new taxes, that even his own party is not willing to embrace. in f

so why -- somebody in the senate finance committee allowed to? but they were not -- this was just about these reporting requirements, disclosure. yes, there were burdensome. you got to get out from under the burden? don't trade in individual stocks. gerri: absolutely right. one reason we are talking about this today, because of this action and no one has heard about and is reporting on, but there is another story bubbling up that i want you to comment on human a lobbyist's just exposed. a onetime congressionally by the way. he mailed market-moving information to one of these groups that sells data to wall street. wall street wants to know what is going on. this fellow given permission to one of these companies didn't give it as a consummate a ton of dough trading on this. no -- what you make of this? it seems to me if you make some kind of stock at a should stop something exactly like this. >> this was called the political intelligence in this tree which may be a misnomer, but is called the political intelligence industry. and we had a provision

senate finance committee chairman max baucus announced today he will not seek re-election in 2014. e democrat from montana will be retiring from the senate after 36 years. baucus is one of five democrats so far who will be leaving the senate after next year's elections. tracking terrorists from the boston bombings to poisoned letters. we'll talk about it with the fox all-stars when we come back. [ male announcer ] it's simple physics... a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. celebrex can be taken with or without food. and it's not a narcotic. you and your doctor should balance the benefits with the risks. all prescription nsaids

. -- senator orrin hatch, ranking republican on the finance committee. good to see you, orrin. thank you very much for coming on. we sort of got a little head start against you. i was going to ask you this point, sir. look, i'm pretty skeptical about reforming the personal code. we just went through that exercise. what i think america really needs is corporate tax reform for large and small companies. the president has said he would do a 28% corporate tax rate. if i get small businesses into that rate, senator hatch, i would be a happy camper. is such a thing possible? >> well, it's possible. i think it's a mistake to not cover the whole business world, because 50% of the businesses are past businesses like partnerships, llcs, sub chapter s companies and so forth. and it means if you don't reform them, as well, they'll be paying about 50% of their income -- >> that's what i'm talking about. >> talking about everybody. >> i want them to be eligible. if you brought the top corporate rate to 28, i would prefer 20 or 25. but whatever, sir. the president has said 28. if you got it t

senator tom coburn, republican from oklahoma and member of the senate finance committee, emphasized why this finding was the rosetta stone for understanding our economic peril. if you study reinhart and rogoff and what they said, they know it's coming. every country that's had a debt crisis has ended up with an inflation problem. an incredible thing happened last week. honestly, it's one of the most astonishing things in recent economic history, a grad student had an assignment, rerun someone else's data and see if you can get the same results. he chose the reinhart/rogoff study. the first he sees is the crucial column in their data, the one that averages the growth rates of countries with debt to gdp ratios of 90% is wrong, it's got a mistake. the average should have contained data from rows 30 to 49, but instead only averaged data from 30 to 44. five missing rows, all because of a typo, apparently. it meant poor belgium, for instance, was left out. not only that, the author selectively omitted a number of countries in the post-world war ii era, canada, denmark, australia, austria. so,

well the senate finance committee met today to talk about the opportunities and upcoming challenges that the u.s. faces when it comes to the trans-pacific partnership of the trans-pacific partnership is a proposed free trade agreement that would have bald nearly forty percent that involve nearly forty percent of the entire global economy now the tepee negotiations have been underway between the us and ten other countries along with the bush administration and senators who expressed a desire to come to a final agreement by the end of this year now japan is the latest country to join the negotiating table but two senators at today's hearing expressed concerns over the country's participation in t p p particularly when it comes to the auto market now senator bob casey says that the japanese auto market is nearly impenetrable for the american auto industry also in order for the t.p. to work that aspect must change depends on market is all but closed to or automated fractures and i realize they've made some recent. commitments. but i think we have to measure those and also continue to stuff q

we had one come testify before the senate finance committee over a year now, about a year and a half ago, and he as a panel -- alan -- former vice chairman of the federal reserve when alan greenspan was our chairman, now back at princeton teaching economics. i said, -- he mentioned in his testimony the 800-pound gorilla in the room is health care. when it came time for us to ask questions, he said in your statement 800-pound gorilla in the room on deficit reduction is health care. what do you recommend we do? he thought for a moment and he said, i'm not an expert on this stuff. i'm not a health economist but here's what my advice for you, find out what works and do more of that. that's what he said. find out what works and do more of that. i'll never forget him saying that. it applies not to just health care costs, medicare, medicaid, it really applies to pretty much everything we do in the federal we'll find out what works and do more. we'll find out what doesn't work and do less than that. we especially need to do those things. others raised the issue duplication. you and i talked

nominee wows the senate finance committee. what do you make of her nomination?o not know burwell i do not know her well myself. hasseems to be someone who bipartisan appeal. her predecessor was never confirmed by the senate. it never got past the hurdles of the senate. we disagreed and just about everything. she's a nurse by background. the spaceve her all she needs to get started and do the work that needs to be done. we'll know there is serious problems and they need to be dealt with. we're talking about people's lives and people's health care. burgess, thank you. but for coverage this afternoon here on c-span. thank you very much. up next we'll talk to rick larsen about flight delays because of sequestration. then christopher helman from about theill be here impact of drought. but first a news update. >> more on the health care law. drug policy reforms will be outlined today to focus on diverting nonviolent drug offenders into treatment instead of into prisons. millions of americans will be able to get that under federal health care reform. many experts recog

one is that senator baucus is the chair of the finance committee, arguably the most powerful committee in the senate. the finance committee, quote, helps dictate how the government raises almost all of its money and spends nearly half of it. the other quality that makes max baucus such a ripe target for lobbying and people with an in to him so valuable is he is not an idealogue. say what you want he is in the center kind of. there is a tool political scientists use to score where lawmakers land on the left/right spectrum. with senators ranked in the 112 itth congress with number one being most liberal baucus landed at 45. only a handful of democrats ranked more conservative. here is max baucus occupying the lonelily and quickly evaporating center of american politics we all pine for, the center we all lament the vanishing of. the problem we all say in washington is we have these extremes, the left and the right, and they can't get together. here is max baucus in the center. it turns out that max baucus occupying that center and max baucus being an incredibly lucrative person to have pr

stand for relix devoting the next 18 months in the senate, a powerful guy, chairman of the senate finance committeeewer deductions. that's terrific. a shot of tax reform. your comment on that? >> well, i hope that's true. i wish him a happy and enjoyable life, created the affordable care act, but i hope he works hard on tax reform. if we get rid of the special interest deductions, those buried in the tax code, we'll have higher economic growth, more job, and a tax code that is simper and fairer for everyone in america. >> you are critical of senator baucus even though he said the other week the implementation of obamacare was a train wreck, his words. you're critical of the senator. >> well, senator baucus is the one who is largely responsible for the american people suffering under the affordable care agent right now. i mean, we're months from implementation. it really is a 0 # -- 2014-15 program, and the outrageousness of senator baucus sitting in fro of the former governor saying, hey, i just noticed the affordable care agent is a train wreck is deeply disturbing. this is a gentleman who twisted

he chairs the senate finance committee and recently called obamacare and implementation of obamacarethe 2014 election, will not stand for reelection. the repercussions, can feel it. that opens it up for republicans and it adds to the questioning of obamacare. he said it was a train wreck. liz: he cast a key vote for obamacare and is now dialing back. a big powerful player with regards to taxes. stuart: all right, everybody, check the big board please. it is a rally, several cows.so hitting all-time highs propelling the overall average higher. give me the list, nicole. nicole: take a look, walt disney, home depot, procter & gamble, travelers and johnson & johnson. all-time highs as you know, others hitting all-time highs as well. in certain cases like johnson & johnson and as many so heavily traded they have hit 20, 40 times new highs this year. each time they move higher, they hit a new high. stuart: can you put that list back up again? if i had followed charles payne's advice and bought stocks in the companies putting out the products i use, i would have bought every one of those st

scheduled to be heard with several other measures to deal with other policy areas for senate government and finances committee on may 5th. i had a conversation with the protem's office and we may see these bills move to keep them alive and in position from a deadline perspective, but he does not expect any of these voter threshold bills to be adopted year and anticipates if any due it will be in 2014. that's my report. >> are there any questions, colleagues? any member of the public who would like to speak on this matter? all right. seeing there is no one from the public and seeing there is none from colleagues, we close this. are there any questions? all right. we have a motion? thank you very much. motion made by commissioner chiu without objection. madam clerk please read item no. 4. >> reading no. 4. an action item. >> very much. good morning commissioners. this item is to recommend a planning services a board to parsons in terms of the treasure island mobility study. this st you had is per our agreement with the treasure island authority. we have an agreement with tita to support the treasure island tran

from president obama so let's bring in senator chuck grassley, republican from iowa, on the senate finance committeeo see you again. >> good to be with you, stuart. stuart: we looked at it, there's a raft of essentially tax increases, and on the oared side, there's a change cpi to reign in a little social security benefits in the future. we hear that both things are unpopular. can we say this budget is dead on arrival? >> listen, we voted on the president's budget at least two out of the last three years, and in both houses, well, at least in the senate, they were defeated, one time, 97-0 and 98-0. in that sense, it's dead on arrival. is everything in the budget dead on arrival? absolutely not. remember, a president proposes, we dispose. the final judgment is ours. entitlements, it's a mistake just to try to do something for social security that help it for four or five years. we need to look ahead as a trustees do, 75 years, and make a 75-year fix, and the same thing for medicare, and then when it comes to taxes, we should not be growing government. government was 25% of gdp. now, maybe, about 24%,

senator, the chairman of the senate finance committee, the ranking democrat now since someone has announcedtion in 2014. that gives him pretty much a free hand to try to fashion some kind of tax reform if he wants to do it in cooperation with the ranking republican on that committee. i think that it is within the realm of possibility that these two could do that. dave camp, the republican chairman of the house weighs and means committee has been working on the tax reform. we've seen on immigration, the president is leading from behind. he's the opposite of l.b.j. who insisted that congress pass his law without changing a comma. president obama doesn't have much in the way of recommendations. so it's possible, i think, not likely but possible that we could see serious moves towards tax reform. dagen: keep hope alive. good to see you. thank you so much. be well. >> nice to see you. connell: there's a lot of talk in new york city today about the potential plan to raise the smoking age. the proposal would raise the age from 18 to 21. it wouldn't ban or they wouldn't prosecute people under 21 fr

the 72-year-old baucus is chairman of the senate finance committee. six terms, 36 years in that body. >>> democrats will be defending six open seats in senate races in the next election. those are the headlines. now back to tracy. tracy: wow, heather nauert, thank you very much. a lifetime politician. >> 36 years. tracy: holy. seven u.s. financial services including pnc capital, one and discover, scaling back top bonuses for executives that beat performance targets. well the reason? the federal reserve asked them to. this was reported in regulatory filings and first reported by our partners at "wall street journal" what does it mean for you the shareholder? let's bring in financial fund manager, anton schutz, chief investment officer of menden capital advisors. anton, i had understand they don't want to encourage risk-taking why regulators suggested this. but as a shareholder i want to take some risks to make some money. >> i don't disagree with you. there is real tradeoff here. comp is one of the most difficult issues whether at the executive level or

finance committee, that both the chairman of the finance committee, ?arts baucus, and the ranking republican on the finance committee, senator hatch, had opposed going to the bill without the committee doing its work. why? there's a number of concerns that have been raised by the bill by members on both sides of the aisle at a minimum we believe concerns warrant a thorough vetting through the regular order. that's why i, along with senators wyden, chester, shahhen rubio, and cruz asked, again, for regular order in the bill. here we are, closeture was invoked, and i expect the supporters of this bill certainly don't want to go through the markup process, so here we are again without regular order. this bill is wrong for a great area of growth for our country, which is online businesses and small businesses are hurt the worst under the bill. business owners, small and large from my state of new hampshire, who did business online, said this legislation would make it harter for them to do business, and during the recent senate work period, i held two round table discussions in new hampshirement one in manchester r and another in ports mith to hear what the

ranking member hatch, also i appreciate the opportunity to be here before the senate finance committee. and to members, it is my pleasure to be here, to join with my colleagues from virginia in introducing, presenting to the committee for your hearing today, ireland tavener. -- marilyn tavenner. under chairman, you as well as senator hatch spoke about the wealth of experience in the private sector as well as her service to people of the commonwealth. i'm here to just underscore my faith in marilyn tavenner as an individual who is eminently qualified to take on the challenges of which you speak when it comes to the health care complexities that our country faces. i first met her when i served in the virginia house delegates, and it was plain to me very early on that she not only came from the private sector experience, she understood people. as you rightly point out, mr. chairman, marilyn started as a nurse with the hospital corporation of america. and having served with the company for 20 years, ultimately rising in 2001, to be ceo of the central atlantic divioersaw 20 . she really was

senate in 2014. finance committee max baucus says he will not seek a seventh term in office. bachus has served in washington for more than 40 years, he actually has nearly 5 million in campaign cash on hand, that's why it surprised people. a powerful voice on tax issues, the 71-year-old has at times clashed with fellow democrats for his opposing his own party's initiatives in some instances. he was one of four democrats who voted last week against expanded background checks for gun sales. there are now six democrats in the senate who will not be running for re-election next year. most of whom represent politically competitive seats. party leaders in montana are looking to brian schweitzer as their best chance for holding on to that seat. >>> after holding two separate dinners with senate republicans over the past few weeks, last night president obama hosted a bipartisan group of female senators at the white house. all 20 women, most ever to serve in the senate at the same time, were invited. the group discussed ongoing budget issues as well as immigration reform and education

this bill has been referred to the finance committee, and the senator from tennessee points out that the -- the finance committee has not reported out the bill. that is true. but, frankly, we know one good reason why it hasn't, it's because we've been meeting very frequently at a staff level -- my staff on the finance committee with staffs of those who are sponsors of the bill -- working out different potential and actual complexities and problems with the bill. there have been a lot of meetings. and i asked my staff, now, if someone were to, you know, be a fly on the wall, were those meetings in good faith? were they in good faith, trying to find answers to solutions here? the answer's yes. now, that's their belief, okay, but there have been a lot of meetings to try to work out some of these problems that clearly exist. and obviously one big problem is represented by the amendment that's just been not offered but consent was asked so it could be offered, that is for a nine-month delay. i cannot think of any reason for a nine-month delay except to recognize, hey, 90 days just isn't wo

health and human services department budget as well before the senate finance committee. the senate armed services committee will do an overview of defense authorization. chuck hagel will be at that as well as general martin dempsey, at that hearing. the house oversight and government reform committee is having a hearing on postal service insolvency. to find out when and where all of that will be airing, go to our website, c-span.org, for more details. chuck in massachusetts, a democrat. thought.ust a when you consider how 9/11 and brought the american public together, the last thing al qaeda would want to do would be to recreate that feeling of united ness. they like us divided. was shown as ait relatively easy, but they did in boston yesterday. like hawk-eye wanted to do something like that, they could do it relatively easily. i don't think they want to do it, because it would backfire on them. that's my thought. host: all right. that's the point of the show, to get everybody stopped and a variety of opinions this morning. one more story to give you before we go on to ta

senator mike in c. his comments are next followed by finance committee chairman senator max baucus of montana said the bill should first go through his committee. >> i want to thank the senator from illinois, senator ben for his interest in his and his participation in this, his ability to explain it and the way that he is brought a lot of people along on helping out with this bill. he has been a great replacement and we made more progress than we ever had any of the 14 years of working on the bill are i thank him for that and his ability to explain things so clearly. i also want to thank senator lamar alexander, who helped us to change this bill in the last year from about an 80 page bill to an 11 page bill and made it states right. as senator durbin so eloquently explained, is state action by the state, this is just to clear up the quill case that made a little bit confusing about whether they could charge tax or not, and then challenge congress to fix the problem. the solution is that senator alexander came up with condensed the bill down considerably and i think made it a lot easier but it made it a st

what is the reaction of the two ranking members of the senate finance committee? we will oppose that until we die, because it would mean that my committee loses jurisdiction over the ustr. that is why this will not get done. how do we get this system out of these petty, narrow things to get to the big issue? as you all say, none of this stuff is all that complicated. we could do this. how do we do this? >> part of the issue is we all left some of these guys. [laughter] [applause] >> i'm sorry, are you a democrat? >> i am a centrist. i am perhaps the only living rockefeller republican. >> i have a salton star republican from massachusetts, the same thing. >> we do not have a party, so i had to join one of the others. this is getting to be a real problem. there are actually hard issues. if we cannot do the easy ones, and we really have a problem, generally. >> there are things the administration can do. obviously, it is great to consult with congress, things that we can do in the interest of the country, and these kind of reorganizations of the debt plate are good a

host: the chairman of the senate finance committee pressing secretary kathleen sebelius last wednesday about this issue of preparedness. [video clip] >> i just see a huge train wreck. i did not see any results yet. do? the world do why >> we take outreach in education very seriously. we were incredibly disappointed that our requests for additional outreach resources were not made available in the cr of 2013. engaged in efforts with the small business administration, who is doing regular meetings around the country with our regional personnel. we've just released a request for a proposal for on the ground from thes, individuals patient and hospital community who will be available to answer questions and to hold seminars. we do regular seminars. we understand people have a lot of questions. deploying as many resources as we can to answer those questions. of kaisery gold health news. here's a story on insurance exchanges. talk about what the administration is doing to get the word out. guest: las week was not a go sebelius.ecretary he was drilling down and he is concerned. he needs to go