>> because the president is the only one that can give the final signoff on something.resident that threatened to veto a short-term deal, and so he wanted to hear it directly from the president. mitch mcconnell had to wait until john boehner got his bill through the house, and that took a couple days if you recall, and he had to wait until that was done to start negotiating really full steam ahead, because, of course, he supported boehner's plan, and he couldn't look like he was undercutting him in any way shape your form. when that passed, then you saw the speaker and mitch mcconnell go out there and say, okay, folks, we need to have some serious discussions, and hopefully we will hear in a short while what the fruit of those discussions is. i am sort of thinking that we are getting close. but we he will let us know. >> what do you think of the mood swings. it looked like things were deteriorating. >> my sources tell me reid was a little mifed at mcconnell. he thought he was going out there and saying that they were close to a deal when in fact the democrats were not c

during a weekend, find this property, secure the plroperty, sign the lease without any bids or any signoffn outrage and a waste of money. >> reporter: july 2010, the sec signed a lease assuming it would have to hire about new workers. by october 2010, it was clear congress concerned about the deficit wasn't going to appropriate new funds. january of this year, the sec inspector general began investigating why the lease was even signed and around this november, the first rent check for the property will be due. this building takes up an entire city brolock and it has spectacular views. you can see clear across the river to virginia. the sec originally leased about 900,000 square feet. when it said couldn't use the space it had to sublease it out to two other agencies. now what's left is about 350 square feet of just empty space. in a congressional hearing, the sec had two representatives testify, but neither could explain why basic procedures were not followed. >> i'm new to the position. i'm reviewing the current position and trying to improve -- fix that process going forward. so i can't

his signoff was also different. he avoidedly socialism country or death for something else. >> translator: for now and forever, we'll live long and win. thank you very much and until i return. >> reporter: immediately his followers took the streets to back him up. the focus is now on tuesday july 5th. the original summit he was to host has been postponed. but a military parade marking 200 years of independence from spain is still planned for that same day. one question is, will president chavez attend? the most important is, if it is not chavez, who will replace him? cnn, new york. >>> if you're a business owner or an employee, you need listen up. cnbc has its annual list of america's top states for business. it looked at a variety of factors including quality of life, economy, business, friendliness. here are the top three states. take a look. coming in at number three. north carolina. number two. texas. and number one, virginia. when we come back after the break, we'll tell you which state made the bottom of the l

getting the resources, review of the project, signoff, so on and so forth. it's not a t.s.a. -- we don't run this thing by ourselves. >> mr. salmon -- sammon, the screening passenger observation techniques program, the spot program. can you differentiate that from the usual type of random search? >> yes. you're looking for micro facial anomalies. the way people are behaving, particularly the kind of facial movements they have as they approach the check point. this spot program has resulted in more than 2,000 arrests since 2006. again, for people who have had perhaps criminal or illegal activity that they were engaged in. but the science is based upon that micro facial anomalies in the way that people look. and that's what they're trained to. so it's more than random. you're looking for people, looking at the crowd, looking for people who have in that context, abhorrent looks. >> we're about 3/4 of a billion dollars into this. is that worth the money? >> i think the investment in the behavior observation certainly makes sense. all the rest of what we are doin

you need, really, signoff from boehner, pelosi, because boehner doesn't have enough votes to get it through. and you need all five to sign off's if not, it's not going to happen. >> let me ask you about the front page of marketplace "wall street journal." we were talking about a showing that the wealthiest american, paying 18% tax rate. down from 30% back 10, 15 years ago. the front page "wall street journal" says that u.s. corporations are making a killing. >> they're doing great. >> their best year in about five years. their earning reports are all strong. most of them are very strong, and yet no jobs. >> right. >> why? >> well, there are a number of reasons. one of the reasons is that they're becoming better at producing things with fewer workers. the head of ge told me i have good news and bad news. what's the good news? he's opening up plants in upper new york state. ge was king there. bad news, 100 major workers because it's all done by robots. 40,000 in schenectady. that's gone. and 3,000, 4,000, making turbines. making more than they did 30 years ago. >> to your point, bringing jobs

not obvious why you need firsthand understanding of the institution if you've already gotten the signoff that it was a primary regulator. to the specific question, should bank supervision inform monetary policy, i think an understanding of the markets should inform monetary policy and the fed could get that even if it were not the supervisor. >> i think that question was about whether financial stability should influence monetary policy. >> uh-huh. >> and i think it would be hard to make the case against it these days. >> more specifically should monetary policy lean against the wind? in other words, should the fed raise interest rates when it's used in financial excess? >> that's a more specific question. i think -- i'm guessing that the three of us sitting here would now interpret monetary policy as going beyond interest rate policy; whereas, up until 2007, most people would not have thought of it that way. but the whole notion of creating a macro-prudential framework, of creating new tools for monetary policy outside of using interest rates, i think that's an important thrust of the t