i did better than i ever imagined. >> smith: today, phoenix founder john sperling is a billionaire, and many of his executives have reaped millions. with money like that to be made, the business model caught fire. it's been replicated across the industry. for-profits offer a range of degrees, but focus on career training in the growth sectors-- nursing, business management, i.t., and education. it's difficult to assess the quality of the degrees. across all colleges, traditional or for-profit, there's no standard measure imposed on them. but we did talk to satisfied students. >> i love grand canyon and the community that it represents, and also the christian background. >> this school is just perfect. it's night classes. >> i'm studying merchandise-product development, and it is the coolest thing i've ever done in my life. i love it. >> smith: but i was surprised to learn how expensive tuition at the for-profits is-- five to six times the cost of a community college, and as much as twice a four-year state university. on wall street, they're a big hit. >> from a business perspective, it'

hatred charges for speaking out against one of the world's most wanted terrorists and the website sperlings extremism. it's now another chance to discover russia this time the r.t. team of travels to the republic of one of the media home to some of the country's most accomplished artists. prospect. seems to come up to your waist and you should follow. coat. a trip to the republic of moldova. just over six hundred kilometers east of moscow it's home to around nine hundred thousand people must be some of the biggest in the country. and maybe when it comes to speak it's definitely a major player. say that on going on holiday are more likely to head to the beach. but you can really travel around without at least having a go at some winter sports and. i do get to see some stuff. a bit of. every day dozens of people head out to the tracks here some shooting in cross-country skiing experts absolute beginners. i finally got the right equipment but it has been a very long time since i struck on some skis. and there was always the promise of some place. no one told me that i was going to trek through

gene sperling was recalled to government service by president obama.e once again became director of the national economic council in january and assistant to the president for economic policies. so, he is in the midst of this budget battle. today he comes treacly to us from a meeting with the president of the white house, and i am sure you will have some interesting insights to share with us and i hope you're willing to make some moves. and if i may come as a final point of introduction, i will read a quote from gene sperling from two years ago when he noted the president has to find the right balance between fiscal discipline and dealing with real problems the country faces. he said, quote, it is the ultimate walk and chew gum at the same time. you've got to show that you can restore a sense of fiscal response ability and yet be making gains on the country's greatest challenges like health care, energy and education. so, two years later, gene sperling, we look forward to an update on the chewing gum while walking challenge. thanks very much. [applause

gene sperling was recalled into government service by president depalma.once again became director of the national economic council in january and assistant to the president for economic policy. so he's in the midst of this -- of this budget battle. today he comes directly to us from a meeting with the president of the white house and i'm sure he'll have some interesting and nice to share with us and i hope you're willing to make some news. and if i may, there's a fine a of introduction. i read you a quote from gene sperling from two years ago when he noted the president has to find the right balance between fiscal discipline and dealing with real problems the country faces dirty set quotes, it's the ultimate wok and chew gum at the same time. you've got to show you can restore a sense of fiscal responsibility and yet be making gains on the country's greatest challenges like health care, energy and education. so two years later, gene sperling, we look forward to an update on the chew gum while walking challenge. thank you very much. >> and i do pass to the

then more about the president's spending plan with economic advisor gene sperling. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2011] >> tomorrow morning, we will focus on the budget and the debt ceiling. "washington journal" is live on c-span every day at 7:00 a.m. eastern. >> a couple of live events to tell you about tomorrow. first, a joint subcommittee hearing of the house natural resources committee hears from customs and border patrol agents and the interior department about the conflict between environmental laws and border security. that starts at 9:30 a.m. eastern on c-span 2. at 12:40 p.m. eastern, the brookings institution and the national endowment for democracy post a discussion about this cute -- about democracy and human rights. samantha power senior director of the security council office of human rights. >> to be a parent means that you will train the people you cannot live without to live without you. >> the sats, college rankings, guidebooks, financial aid forms, weekly standards andrew

chamber of commerce event with the secretary lot, dean sperling, the president's adviser on the economylski there's a big group of people that we had there to talk about the national strategy for trusted identity into cyberspace and that even you was probably one of the best ones going. but also, the fact that it's in the department of commerce and led by some of the work with the national institute of standards and technology is once again a true indicator of how important this is to the economy, to businesses as well as the national security as well. when we convene that the u.s. chamber with our private sector partners in attendance, it also showed very clearly this is not a government led the effort, this is a private sector effort, and working with the private sector to create this ecosystem as we call at is key to its success. so, many of you in this room participate in some form or fashion with like consider to be an open process as we went through with the idea of creating some kind of trusted identity into cyberspace, creating a draft last summer, getting feedback from many peo

gene sperling and all of the other people, jack lew, that understand the details of what has to be workedut to finance the budget. >> i want to get your take on what you heard them say, congressman pence and van volumen say when i asked them. is that unusual? >> right. there's a portion of the republican party that by definition has to vote against this from the right. i think by and large house republicans feel they got a pretty good deal and will hold together more than you would have expected a couple weeks ago. the signal to president obama is he is not going to be gifted with an opposition that's as half-handed as the republicans were in '95 and '96 when newt gingrich and dick armey made a tactical mistake of shutting down the government twice. he's got to move through a more complex landscape that the republicans were able to take yes for an answer, even some 2012 presidential candidates, far from what most people expected, would say it wasn't good enough. some say, yes, take yes for an answer. so the landscape, they may not be quite as forgiving in providing him an easy foil that c

i will give a short introduction to gene sperling who does not needed introduction either. he cut his political teeth in the 1988 dukakis campaign and on the staff of mario cuomo before joining the 1992 clinton campaign as a policy adviser. during clinton's first term as president, he served as deputy director of the new the created national economic council. he was director of the national economic council from 1996 to 2000. he played significant roles in the 1993 deficit reduction act and the 1997 balanced budget agreement. i guess we have deja vu with the difference. those who remember his service in the clinton administration recall his effective and efficient workaholic ways. the nickname "gene the machine" comes from that time. his office was known as the bureau of gene. now he has to pull the genie out of the bottle. he was known to manage policy and press in a way that you can. it has been said that his highest talent is an extraordinary ability to make policy arguments in a way that makes them convincing to the message people and legislative people. he certainly ne

gene sperling, chair of the national economic council, is here. [applause] members of our bipartisan fiscal commission are here, including the two outstanding chairs, erskine bowles and allen simpson are here. [applause] and we have a number of members of congress here today. i'm grateful for all of you taking the time to attend. what we've been debating here in washington over the last few weeks will affect the lives of the students here and families all across america in potentially profound ways. this debate over budgets and deficits is about more than just numbers on a page. from our first days as the nation, we have put our faith in premarkets and free enterprise as the engine of america's wealth and prosperity. any othercitizens of country, we are rugged individuals. a self-reliant people with a healthy skepticism of too much government. but there's always been another thread running through our history. a belief that we're all connected. and that there are some things we can only do together as a nation. we believe in the words of the first

[applause] gene sperling is here. [applause] members of our bipartisan fiscal commission are here including the outstanding shares. -- chairs. we have a number of members of congress here today. i am grateful for all of you. what we have been debating in washington over the last few weeks will affect the lives of the students here and families all across america in profound ways. this debate over budgets and deficits is about more than just numbers on the page. it is more than just cutting spending. it is about the kind of future we want. it is about the country we believe in. that is what i wanted to spend some time talking about today. from our first days as a nation, we have put our faith in free markets and free enterprise as the engine of america's wealth and prosperity. we are rugged individuals. a self-reliant people. skeptical of too much government. there is a thread running through our history. they believe we are all connected. there are some things we can only do together as a nation. we believe in the wor

james sperling will deliver remarks on the broader national economy. he will also discuss president obama national policy agenda. lisa jackson, the head of the epa, will speak about the connections between clean energy, energy efficiency, health, and the environment. we also welcome the president of shell oil and director of the upstream marketing business. the stock will discuss the importance of taking a global view on the challenges we lisa jackson and martin odom will answer now. some logistics on how to conduct the q&a. volunteers will be handing out question cards. please write down the questions on the card. that is the way that we will conduct it. you don't need to worry about missing sessions. at this time it is my profound honor to introduce lisa jackson of the u.s. environmental protection agency. in her role as administrator of the epa administrator jackson helps the environment of all-americans. prior to her employment in january 2009 jackson served as chief of staff to the new jersey governor jon corzine at the department of environmental

[applause] gene sperling, chair of the national economic council is here. [applause] members of our bipartisan fiscal condition are here in trading -- including erskine bowles and alan simpson. [applause] we have a number of members of congress here today. i am grateful for all of you taking the time to attend. of course, what we've been debating here in washington for the last few weeks will affect your lives in ways that are potentially profound. this debate over budgets and deficits is about more than just numbers on a page, more than just cutting and spending. it's about the kind of future we want. it's about the kind of country we believe in. and that's what i want to talk about today. from our first days as a nation, we have put our faith in free markets and free enterprise as the engine of america's wealth and prosperity. more than citizens of any other country, we are rugged individualists, a self-reliant people with a healthy skepticism of too much government. but there has always been another thread running throughout our history -- a belief that