military-industrial congressional complex and below processes using the war machine to shift the money from the public treasury to the pockets of the already rich. and then coming back and cutting whatever services might have given some relief to the general population and given them time inc. about, aren't i lucky to be an american and live in a country like this? battled kennedy spoke in code now i can think about what i can do from my neighbors and my country when i have a little bit of security to be a will to do that. so, you talk in your book about fdr's' strategy and has guiding the country through the second world war in ways that were successful militarily and also brought an enrichment to the life of the country and involved everyone in the war, in the war effort in ways that united the country so we came out -- i hope i'm not distorting your view. we came out better all around, whereas the war we prosecute now impoverished the country and every one of those ways and leaves the whole country worse off than it was before. a few projects the cost of these worse ahead, the trillions of dollars it will c

the long run. >> nothing brings more money to the treasury, the public treasury than the education of the american people. >> pelosi's visit comes as they fight for accreditation amidst a lot of problems and they gave them a preliminary injunction until they came through. >>> and people signed up for california's health exchange to pay their first premium and now that deadline has been extended. they are he can ten being and in the last of it, they increased now and since it is taking longer and the deepak kalpoe decision will hold and republicans are willing to extend the benefits but they want to offset the cuts elsewhere and democrats reject that. >> are you looking for a way to offset the unemployment benefits? >> we have never offset emergency spending. it is foolishness. >> what i have hallways said, it is a need to create something new to create job and the question is on the table whether or not to extend jobless benefits. >>> they are addressing the problem surrounding private shuttle buses using bus stops. google and antigen net technical -- janet knicks, -- general genetics, now they ar

the china town campus. >> nothing brings more money to the treasury. the public treasury, than the education of the american people. >> still, the official in charge of city college said that the court ruling was unnecessary to keep the school open. i sat down with the special trustee to talk about his plans and next steps for the college. >> okay doctor thank you for being with us today. i think the big question on people's minds right now is the recent court ruling in which a judge sided with a city attorney's office saying that ccff can remain accredited pending a trial. what does the court ruling mean for you? >> it means for me and the institution, it has no direct effect, meaning that it will make tremendous progress towards meeting the standard. the ruling to students possibly meant that kind of they had better opportunity to register and know that their degrees and units would be still in effect. but for us at the institution, it's just continuing to work towards meeting the standards. >> i wanted to ask you about that, because you have -- as you said, yo

the long run. >> nothing brings more money to the treasury, the public treasury than the education of the american people. >> her visit comes as fights for accreditation amid allegations of financial mismanagement. congresswoman pelosi said the federal government would be taking a hard look at the independent accreditation process and call it had proposed removal of accreditation quote highly unusual. >>> the fbi says the man hearing voices is now behind bars for setting fire to the chinese consulate in san francisco. as david stevenson reports, officials say the man called police in daly city and admitted his involvement. >> the fbi today said 39-year-old of daly city is the figure seen setting the january 1st fire ton doorstep of the chinese consulate in san francisco. the federal criminal complaint alleges told investigators he targeted the chinese consulate because all the voices he had been hearing were in chinese and the chinese consulate had to have been involved. >> there are no indications at this time to suggest it was motivated by terrorism, politics or civil rights issues. >> federal i

the long run. >> nothing brings more money to the treasury, the public treasury than the education of the americanple. >> she said the government would be taking a long look at the independent accreditation process and called the removal of accreditation unusual. >>> the deadline to pay the first premium for the health exchange has now been extended till january 15. in the last two weeks of december the volume of enrollment for covered california increased. the decision to extend the deadline was made because of the increased enrollment and the time it takes to process applications. >>> a senator filed a lawsuit over how it treats members of congress and the staff. obama care could remain a hot issue into the new year. >>> new lawsuit was filed against obama care. expect the criticism to continue. >> it could be the gift that keeps on giving for republicans. >> the same strategy. attack obama care early and often. he is filing suit against the obama administration over the policy allowing lawmakers and staff to receive subsidies for their obama care health plans. >> it is important members of cong

military, industrial, congressional complex and the whole process a of shifting the money from the public treasury and then coming back and cutting whatever services might have given some relief to the general population and given them time to think about, aren't i lucky to be an american and live in a country like this? now i can think about what i can do for my neighbors and my country when i have a little bit of security to be able to do that. so you talk in your book about fdr's strategy in his guiding the country through the second world war and the ways that were successful militarily and also brought an enrichment to the life of the country and involve everyone in the war, in the war effort in ways that united the country so that we came out -- i hope i'm not distorting your view. we came out better all-around, whereas the war we prosecute now impoverished the country in every one of those ways and leaves the whole country worse off than it was before. if you project the cost of these wars ahead, the trillions of dollars it will cost us just to care for her the returning wounded soldiers. w

the public more off. and the government's treasury should do more to scrutinize the royal household spending. w, if this all sounds like an accountant's business plan, well that is certainly no coincidence. it is exactly what the public accounts committee wants. the financial rigor if the royal household is to continue benefiting from the large of the british taxpayer it is ginning to have to make every pound count. >> that's something many visitors of bucking ham palace agreed with. >> i think it should be a reduction in expenditures. during trying times. if they spend too much money, i think they should cut the cost. >> it is only the most logical thing they should budget, i think. >> the british royal houghs hold isn't the most expensive in europe, according to a belgium paper. the dutch royal family holds that and if you take into account population size, norway's royals cost it's people the most that's probably not too much consolation for queen elizabeth, though her face may be on them, she will still have to get counting those pennys. al jazeera, london. >> and those are the news from e

much last year at their reserve funds are now at the lowest levels in history the public accounts committee found that the treasury which is responsible for overseeing the royal household finances is failing to do enough last year the royal household net expenditures was thirty three point three million pounds for received thirty one million pounds from the sovereign grants chairwoman of the public accounts committee margaret hodge said more can be done to increase revenue for the royal household. you can look at raising more income they've done a bit of work in that but if you just look at buckingham palace it has about half a million businesses a year now that the tower of london has over two million visitors a year and of course buckingham palace is its didn't promise of the things that different but nevertheless the queen is not that all of the time and i think more income could be generated if small to use was made of the if they did but it is the palace when the queen is not in residence. the crown estate is worth more than seven point three eight billion pounds and includes properties across the u.k. let's

the state of the union and what the federal reserve is doing tomorrow, which is it's going to come out and probably say they're buying fewer treasuries. the american public now may have more access to buying these treasuries. the details, i guess, we'll hear later this week? >> yes. important to note on those. there is no tax benefit that flows to them. this is a mechanism that employers can sets up that money will be set aside. it goes into treasury instruments that people cannot lose, so it encourages people to save, tries to build the habit of saving. if they ultimately give tax benefits like ira's have, congress will have to act. >> we'll see you later. our jon har word. >>> that nearly wraps up our state of the union coverage. kevin o'leary is still with us. tonight a shark makes a $4 million offer to one entrepreneur. i don't know whether you have more fun doing this or that, but tonight was pretty good. >> you know, carl, they're both the real world to me. that's the way i look at it. this is politically charged. that is the real world. small businesses coming forward looking for capital. it is the litmus test of america. that's what "shark tank"

department, all the state department opposition to holocaust rescue collapsed after the publication of the memo by the treasurydepartment officials. i may have misstated what you said but that is what i remembered and adapt point the u.s. policy started advancing rescue operations. in your opinion, about how many jews for saved by that. too? we have seen figures as low as 20,000 and figures the size of 50,000. i would like your historical statement on that. >> i see a then need to move around a little for questions. are you hearing in the back okay? this is a request for precision and i have to explain complications before giving you a number. first of all, the war refugee board did a lot of things that involved encouraging of others to try to rescue broadcast to occupy countries in europe. warnings to nazi satellite countries, requests to neutral countries to engage with nazi officials in budapest and elsewhere, so that is one problem. if you are talking about the direct numbers, you are talking about a small figure, 10 to 20,000 people directly saved by the war refugee board. that, us people are now familiar

called a state department opposition to holocaust rescue collapsed after the publication of the memo says by the three treasury department officials. i may be misstating what you said bug that is how i remember it and at that point of the u.s. policy, the refugee board and risk operations. in your opinion, how many jews were saved by that period? was it as low as 20,000 or as high as 250,000? i would like your historical opinion on that? >> let's hope this is on. i feel the need to move around for questions. are you hearing in the back okay? you ask -- this is a request for precision and i have to explain first the complications before giving you a number. first of all, the war refugee board did a lot of things that involved encouraging of others to try to rescue, broadcast, to occupied countries in europe, warnings to nazi satellite countries, request to neutral countries to engage with nazi officials in budapest and elsewhere. that is one problem. if you are talking about direct numbers, you are talking about a small figure, 10 to 20,000 people directly saved by the war refugee board. most people are now fam

the departments of hhs, labor and the treasury are working on rules that will implement the requirement of the aca taking into account public comments that were previously requested. just 71 days from now open enrollment ends so people without coverage will face a fine. but the "wall street journal" says most of the 2.2 sign ups so far are enrolling because their other plans were canceled and only 11% were uninsured before the a a ca kicked in. greg? >> peter doocy in washington, thanks. another item on the list of things that are getting obamacare users fired up, muscular dystrophy muscular dystrophy's -- muscular maryland's hotline is sending callers to a pottery store instead of the call center. the website listing an incorrect 800-number as customers look for an insurance provider. no word on when the problem will be fixed. >>> the search is intensifying for the "wall street journal" reporter who vanished more than a week ago. david bird went out for what was supposed to be a brief walk near his north new jersey home. he has not been seen since then. he is also a liver transplant recipient and his family says he needs h

subsequent efforts focused on rebuilding the public's confidence, notably including public guarantees of bank debt by the fidc and of money market funds by the treasury department, as well as the injection of public capital into the banking system. the bank stress test that the federal reserve led in the spring of 2009, which included detailed public disclosure of information regarding the solvency of our large space further has confidence in the banking system. the success of the stress test disclosures, by the way, was yet another example of the benefits of transparency. the subsequent efforts to reform our regulatory framework had been focused on limiting the reemergence of the vulnerabilities that pript and exacerbated the crisis. changes in bank capital regulation have significantly increased requirements for loss absorbing capital at global banking firms, including a surcharge for systemically important institutions and a ceiling on leverage. the federal reserve's review, a descendant of the 2009 stress test, requires that large financial institutions maintain sufficient capital to weather extreme financial shocks and that they demonstrate that

subsequent efforts focused on rebuilding the public's confidence, notably including public guarantees of bank debt by the fdic and of money market funds by the treasury department as well as the injection of public capital into the banking system. the bank stress test of the federal reserve lead in the spring of 2000 nine which included detailed public disclosure of information regarding the solvency of our largest banks further buttressed confidence in the banking system. the success of the stress test disclosures by the way was yet another example of the benefits of transparency. the subsequent efforts to reform focusedework had been on limiting the reemergence of the vulnerabilities that precipitated an exasperated the crisis. the federal reserve conference of capital analysis and review requires that large financial institutions maintain sufficient capital to weather extreme financial shocks and demonstrate that their internal processes are effective. in addition, public disclosure of the results facilitates market discipline. the basel three framework includes liquidity requirements designed to mitigate excessive reliance by global banks on shor

act for the first time all groups' health plans will be prohibited from offering coverage to their highest paid employ es. the treasury and hhs are working on the rules taking into account public comments previously requested. with 71 days to go during open enrollment, the administration is saying 2.1 million people are signing up for new coverage. but they haven't yet revealed how many of those people have paid their premiums. something we are herg what in the "wall street journal" is that the only 11% of all those new signups were previously uninsured. that means most of the people signing up are flocking to health cacare.gov and other sit because their coverage was canceled the the administration saying they are ramping up outreach to certain groups and they think by the end of they'll have an appropriate mix of individuals enrolled. >> what they'll need. okay. peter, live in washington. have a great day. >>> in a moment, we'll be joined by senator jerry moran of kansas who will discuss this latest issue in obamacare. but first, i want to tell you about the other stop top story of this day, and that has to do with the nsa. congress and our intelligence agencies, as you know

if i had to assign the lead i would say the public integrity has the lead and also involving the fbi as well as the inspector general from the treasury department. >> attorney general with all respect he did not answer the question that i ask which is did you know that this lawyer was a major obama donor? >> i don't know anything about the political activitieactivitie s of any of the people involved in the investigation. >> previously when you're asked about this he made a reference to the fact that she has the first amendment right to be involved in politics and that is surely right. nobody's talking about restraining her first a memory to be involved in politics but the department of justice ethics guideline says that if the lawyer quote the leaves your impartiality might be questioned you must either disqualify yourself or see the ethics and indeed it goes on to say in a case where your impartiality might be questioned, you may obtain a formal opinion that the department's interest in your participation in this matter outweighs the concern that the integrity of the department's operation would be in question. now i have to tell yo

the investing public. and so when you look at the track record between the actions, i think that she to large extent was hamstrung by the people at treasury and by the people at the federal reserve. the idea of first do no harm. and the fact is that there's a lot of harm done and not properly adjudicated cases. and i just had this long-standing impact in terms of eroding trust and confidence. but i think a large part of the country would say that it looks and feels like a double standard to me. and if justice is misdirected, it is ultimately denied. so with all due respect to mr. shapiro and mrs. shapiro, i think that she would get a failing grade. >> just? >> at the pleasure to be here today and to see you in person. as you know, one of the issues that we are concerned about is the inadequate congressional oversight. do you think that with senator wyden going over to senator baucus his feet, do you think that anything will change? >> there is always hope and change. can he rally some support? well, it takes more than one. i also think that the change -- where would really come from, it is getting these issues into the public arena. the c

the investing public. and when you look at the track record between the actions, i think mary to a large extent was hamstrung by the people at treasury and by the people at the federal reserve. the idea of first do no harm. well, the fact is this was a lot of harm done in not properly adjudicating cases, and that just has this longstanding impact in terms of eroding trust and confidence. and the fact that i think large parts of our country right now would say it certainly looks and feels like a double standard to me. and if justice is misdirected, then justice is ultimately denied. so with all due respect to ms. happen row, you know what? -- shapiro, you know what? i think she would get a failing grade. yes. danielle? >> great to see you in person. and as you know, one of the issues that we're also very concerned about is the inadequate congressional oversight of this world. do you think that with wyden going over to baucus' seat, do you think anything is going to change? >> well, there's always hope, right? there's always hope. can he rally, you know, rally some support? it takes more than one. i also think that the change, where it

the general public is a possibility. >> reporter: and the public is not blaming the queen, herself, for them, but she says she is not well served by the household staff or the treasuryfor keeping these expenses in line, and more importantly making sewer that the historic buildings are protected. back to you. >> michelle kosinski. and what is behind the student protests at the university of maryland? >> toddlers love the selfies and parenting in a cell phone age. >>> and we are going to take you behind the scene as the nypd prepares for the super bowl. veronica? >> winter weather advisories for southern maryland and snow is falling across some of the southern maryland neighborhoods, and how slick will the roads be tomorrow? i will tell you when "news4 at [ male announcer ] are you watching cable? here's what you should be watching: your cable bill. because you could be paying way too much. stop spending more for second best. upgrade to verizon fios tv, internet and phone online for just $89.99 a month for one year and we'll triple your speed with a free upgrade to fios quantum internet for 12 months. plus get a second bonus: $250 back with a two-year agreement. fios

the bailout. hank paulson was the treasury secretary. tim geithner became treasurysech lefter office. ben bernanke just left as fed chair. i believe when it gets publicve it will get public and we'll get a bird's-eye view exactly how one of the most momentous events of bail out of financial system including the bailout of this huge company, one case has been dropped, hank greenberg's case against the new york fed dismissed today. he may appeal. but it has been dismissed. this one against the u.s. government which controlled 80% of aig following that bailout, this still exists. david: fascinating. liz: ben bernanke will testify? >> well, according to a federal judge he could try to stop it this time but he is private citizen, ben bernanke. he is no longer fed chairman. liz: charlie gasparino, breaking that news. he will have much more on foxbusiness.com and if he getting anything else he will break back in. >>> well my next guest warned about a dysfunctional financial market but he did it before the explosion and overheated housing market blew up and warned about a growth in 2007. he takes out his crystal ball for you right here and tells you and yous

economy but helped the fiscal situation quite significantly with hundreds of millions of dollars we remitted to the treasury and that doesn't even take into account the benefits for the publiconger economy and more tax revenue and the like. so that risk is again not a true social economic risk, it is if anything perhaps public relations risk for the fed but it is not a serious economic risk. the main risk my colleagues have pointed to is very is aspects of financial stability or potential for financial instability. there is always some concern for any kind of easy monetary policy that after a period of time there may be some reaching for yield or myth evaluation of assets and given what happened five years ago we are extraordinarily sensitive to that risk. that is for different kinds of monetary policy. q e in addition works on term premiums to a significant extent and we simply have less knowledge, information how to d term and therefore a little bit of additional concern, volatility associated with management of q e so there is certainly some risks there. our strategy has been to not to disport monetary policy in order to address those risks directly. indeed, in sufficien

public toward the end of the year. new regulations could be on the way for bitcoin. banking regulators are holding hearings on restrictions for the virtual currency. bitcoins have received criticism recently from jaime dimon and treasury secretary jack lew. dimon says it's nearly impossible to conduct anti money laundering reviews with bit coins. at tuesday's hearing, supporters -- including the winkevoss twins the "self proclaimed" founders of facebook warned that overregulation could cripple the the coins development. jobs in the solar industry are jumping at a steep rate. through november of 20-13, solar companies employed nearly 143-thousand people. that's a 20% jump in 14 months. job growth at that rate is 10 times faster than the national average. college atheletes are ready to sign on with a union. northwestern university football players overwhemingly support the creation of college athletes players association. they are seeking academic and financial protection. the ncaa tells espn-- "this union-backed attempt to turn student- athletes into employees undermines the purpose of college: an education." the start up company that ties athletes future earnings to stock-- is back in the game. fantex is moving forwar

the u.s. treasury. unsurprisingly, this provision is seldom used. my democrat colleagues should have considered this fact when drafting obamacare. the public is beginning to take note of what republicans have been pointing out for years. young people who sign up for obamacare are taking on what ounts to a voluntary stealth tax in order to subsidize older enrollees. as the initial numbers come in, this will fair no better than the optional taxes already in law. mr. speaker, obamacare will crumble and should crumble, not because of bad website design or because republicans don't like it, but because it's a flawed law built on a foundation of unsound policy presumptions. i yield back the balance of my time. the speaker pro tempore: the gentlewoman yields back. the chair would now recognize the gentleman from illinois, mr. quigley, for five minutes. . quigley: mr. speaker, next week we will commemorate the life and accomplishments of dr. martin luther king jr. a revolutionary civil rights leader, dr. king's movement combated the systematic discrimination against african-americans. but dr. king fought hard, not only for equal rights for african

we've actually helped the fiscal situation with hundreds of billions of dollars that we've remitted to the treasury and that doesn't take into account the benefits for the publicthat risk is, again, not a true social economic risk. it's, if anything, perhaps a public relations risk for the fed but it's not a serious economic risk. the many risks that my colleagues have pointed to is various aspects of financial stability or potential for financial instability. there is always some concern that really for any kind of monetary easing policy, they may be reach for yield or some misvaluation of assets. given what happened, of course, five years ago, we're extraordinarily sensitive to that risk. with it, of course, now, that's really for a different kind of monetary policy. qe, in addition, works on term premiums to a significant extent and we simply have less knowledge, information, at how appropriate yum premiums are determined. certainly some risks there. our strategy though has been to -- not to distort monetary policy in order to address those risks directly. indeed, insufficient monetary policy accommodation, if it leads to a weaker economy and bad credit out

public radio in c-span audience you can follow the action on twitter #npclunch. now for our guests please stand president and ceo of national railroad passengers [applause] editor of real business. [applause] secretary treasury of the afl-cio. senior editor of the journal of commerce. [applause] president and ceo of the association of american railroads. [applause] finance and investigative reporter and center for public integrity. [applause] skipping over our speaker, president and member of the committee to organize today's lunch. thank you. [applause] to executive director of new jersey transport. [applause] washington correspondent -- correspondent for the record [applause] and professor of media studies at georgetown university. [applause] >> our guest today is not criticize about the hand that feeds him saying depending on rail is insufficient to the point that we are eating grass has alive. joseph boardman president and chief executive officer since 2008 last year the board said it was so happy with its work if they would extend his contract by another two years. writer ship has risen to a record 30 1.2 million. mr. boardman told congress and amtrak covered 80% of its operating costing gained passenge

treasury department official neal cash car formally announceded he's entering the race today. republican says he's been preparing to run for governor for years. he pledged to improve public donnelly as the only republican actively campaigning. >> governor brown not formally announced whether running but already raised 17 million dollars if he decides to do so. >> bart is set to again final testing on new oakland airport connect or scheduled to begin operating in the fall. this morning officials showed off cars system will use open the 3 mile extension brand spanking new. car automated and no driver. they accommodate passengers with luggage at the airport. bart says the trip from the coliseum station is faster and more reliable than the current bus shuttle. >> 2 minute walk up potentially 2 minute wait for the can trai train. 8 minute train raid 2 minute walk to the front door of the airport so we expect the ample time door to door is 14 minutes. >>reporter: testing on elevated track begins in a few week. one way fare will be either 3 or 4 dollars. new cars were built here in the united states. >>> all right. still to come on 7 news at 9:00. oysters on 7 news at 9:00. oys

treasury checks, a fedex box containing dozens of foreign birth certificates and a notary public stamp and signature stamp listing her as a notary. that fraud case by the i.r.s. totaled over $5 million in fraud. in tennessee, a search warrant prepared by the i.r.s. claims that a phur -- murfreesboro worker encouraged workers to lie on their children who live in mexico as their depends. the i.r.s. said the tax preparer filed 600 tax returns over the last three years and although his clients only paid $3.3 million in taxes, they were able to claim more than $17 million in return, and because of this tax credit and the fact that they did not have to put social security numbers for the children that they were claiming a refund for. the refunds left the united states on the hook for $14 million. so here's the question in this chamber. the question is should we affix egregious fraud in our tax code where we have people that aren't entitled to work in the country are claiming tax refunds for children, some of which have not been determined to exist, some of which don't even live in our country? should we fix that in our tax code? isn't that good government? a

the treasury. that does not even take into account the benefits for the stronger economy. that risk is not a true social economic risk. it is a publicfor the fed. a serious economic risk. risk my colleagues pointed to his various aspects of financial stability. concern for any kind of monetary policy that after a time, there may be some reaching for yield or ms. valuation of assets. given that -- given what happened five years ago, it is sensitive to that risk. that is for different kinds of monetary policy. premiumsfor -- on term to a significant extent. we have less knowledge and information about how they are determined. , additionalimited concern of volatility associated with the management of qe. there is certainly risk there. been not to has does port monetary destitute notort monetary policy -- to distort monetary policy. if it leads to a weaker economy and bad credit outcomes, etc., is also a financial stability risk. to basic approach has been rely on supervision and regulation and monitoring and financial policies and a whole set of tools we have and are developing to try to avoid potential problems. we also look very care

public industry. we are c-span, created by the cable tv industry 35 years ago and funded by your local cable or satellite provider. in his state of the union address, president obama announced the treasury department would be creating a new type of retirement account called myra. at a steel mill and west mifflin, pennsylvania, the president discussed retirement savings and gave more details about his proposal. this is 20 minutes. [captions copyright national cable satellite corp. 2014] [captioning performed by national captioning institute] >> hey, hello, everybody! well, thank you, mario, for that great introduction and your leadership. you just don't come to the steel city without coming to u.s. steel. i just got a great tour and had a chance to see a little bit about how you guys build america every single day and i could not be prouder to be here. i brought a few friends with me. we got america's treasury secretary, jack lew. [applause] we've got a couple of guys who wake up and go to bed for pennsylvania workers every single day, senator bob casey. [applause] and congressman mike doyle. [applause] we've got the mayor of west mifflin, chris kelly, in the house. pittsburgh's new mayo

public. >> we don't have plans to do that. >> you have venture capitalists. >> they're very much long-term shareholders. we want to do what's best for airbnb and growing the mission. >>> we have former treasuryng us with his reaction to his interview earlier with treasury secretary jack lew. "squawk box" coming back from davos, switzerland, in just a moment. [ male announcer ] this is the story of the dusty basement at 1406 35th street the old dining table at 25th and hoffman. ...and the little room above the strip mall off roble avenue. ♪ this magic moment it is the story of where every great idea begins. and of those who believed they had the power to do more. dell is honored to be part of some of the world's great stories. that began much the same way ours did. in a little dorm room -- 2713. ♪ this magic moment ♪ >>> the trajectory of growth is rising. that should reflect in more income and more income means more revenue because the system is growing. >> that's treasury secretary, of course, treasury secretary jack lew. he appeared earlier with us this morning. now joining us is larry summers. he served as treasury secretary under president clinton. he's also a contender for cnbc's first