and we'll bring in debbie wasserman shultz, the congresswoman from florida to see how democrats intend to counter all this. i'll have a final thought on science's need for basic research. but first, shake-up on the right on "face the nation." captioning sponsored by cbs "face the nation" with cbs news chief washington correspondent bob schieffer. and now from cbs news in washington, bob schieffer. >> schieffer: good morning again. we're going first this morning to fairbanks, alaska, to talk to joe miller, who may have defeated incumbent republican senator lisa murkowski, a member of the senate leadership, in the republican primary up there. we have to stress "may have beaten the senator," because they are still counting votes. at last count, he was running about 1,700 votes ahead. it may be two weeks before we know the final outcome there. but the fact, joe miller, that you ran the kind of race you did and that it's coming down to the wire is fairly surprising, i would say, to a lot of people even those in the republican party. but you seem to be or could be kind of the poster boy for

madeleine albright and george shultz. they are interviewed by former state department correspondent margaret kalb for more than an hour. >> i am pleased to introduce the program moderator for the evening. marvin has had a distinguished 30-year broadcast career. he served as chief diplomatic correspondent. he was also the moscow bureau chief and moderator of meet the press. he was the founding director of the center for policy at the kennedy school of government at harvard university. he is a writer in residence at the u.s. institute of peace. he is a presidential fellow at the george washington university as well as edward r. murrow professor emeritus at harvard kennedy school of government. please welcome kalb. [applause] >> thank you. thank you and good evening and welcome to this special event with two very special people. madeleine albright and george shultz. both having served eds -- as secretary of state, albright with president clinton and shultz with president reagan our conversation will focus on war and peace bu

who better to ask and secretaries of state george shultz and madeleine albright.nd reagan administrations, with nixon as secretary of labor and with reagan as secretary of state. he played a key role in framing of foreign policy that led ultimately to the end of the cold war. a ph.d. industrial economics, he has six served at mit and stanford. secretary of wright served in the carter and clinton administrations. she was un ambassador and as the first woman to serve as secretary of state. a ph.d. in public law and government, she teaches at georgetown and chairs a global strategy investment firm. you have all noticed, no doubt, that she also worked for republican -- schultz work for a republican president and albright for a democratic president. we are trying to balance the ticket. something,t know there is a little club of former secretaries of state. >> i am going to start by assuming you are both back in government, and therefore back in power, but that is not necessarily so. what would be your absolute overriding priority? what would you get up in the morning t

madeleine albright and george shultz. later, of form of housing finance that included remarks from secretary geithner and housing secretary shaun donovan. in "washington journal" tomorrow morning, we focus on the future of the fannie mae and freddie mac with barry zigas of the consumer federation of america. armey talks about his article on the relationship between that t party and republicans. -- the tea party and republicans. "washington journal" is live on c-span every day at 7:00 a.m. eastern. the heritage foundation in washington baster report on policy proposals for the economy and budget -- based report on policy proposals for the economy and budget. this is about a half-hour. >> thank you for joining us today. it is my privilege to welcome you for the release of "solutions for america". i want to welcome our online viewers. following are two speakers, we will take questions from the web and those of you in the room today. i want to remind all of you watching on line, that you can email us at speaker@heritage.org.

secretary shultz appears to be saying that one of those has to be recognized as the u.s. using military force to stop that from happening. do you buy into that view of a settlement of the problem? . . >> tough situation will clear whether a military option in iran would work. >> now supposing the israelees ke keep >> now would you secretary shultz sit on the israelis and try to stop? they had it supported by iran, armed by aran. and then nothing. they have rockets that can hit televisions. they say they want to wipe it out, iran says the same thing. repeatedly, hamas and gaza say the same thing. they you were asking here, which is how does this all go together? and therefore pushing in terms of trying to get some solution on the israel/palestinian issue is essential. trying to figure out some way to have containment of iran. i am not sure what the effect of bombing iran is generally. you raised the question, are we prepared to have a third war with a muslim country. >> that's right. >> i think that we are not in office, so people that are, have to consider the effects of

. >> secretary shultz? >> in saudi arabia, the government has done a very effective job in cleaning out to the al qaeda that was starting to get them at -- give them a lot of trouble. a very impressive set of development has taken place in indonesia, which has become a country with a democratic government, which has had its uprising. they have managed to get a hold of it. they are reaching into the schools. they're going about it in a rather impressive way. there are some good spots. >> let's take another moment to remind our audience that you are listening to the commonwealth club of california radio program. our speakers today are former secretaries of state madeleine albright and george shultz. we are discussing the challenges facing the nation. we have another question from the audience concerning u.s.- russian relations. there has been this exchange of spies a few weeks ago. why did the spy exchange signify? is it a return to the cold war? >> no, it signifies practically nothing. [laughter] these chara