rival parties that lasted into the wee hours of the new year the national assembly finally approved theation's bget r two thousand fourteen series of other key bills were also passed arly five hours aft the clock struck midnight. our team and he'll start to sell. there will be no additional budget necessary as the t cells in the fourteen national budget was approved by the national assembly on early wednesday morning. the budget bill which is worth three hundred forty billion us dollars was part of the package deal with two of the bills one to reform the national intelligence service and the other to attract more foreign investment into the country. the nis reform package that agents from gaining access to government offices and media outlets and also calls for stricter punishments for agents that do not abide by the new regulations. those found guilty of breaking the rules will face a maximum of seven years in prison off from the current two years. the so called foreigners investment promotion bill allows the subsidiaries of korea's conglomerates to set up joint ventures with foreign partners

this is a crazy country right now and we have technology companies telling us to quit and that theationalit spying, which is what they have been doing and mining data for years without anyone's ermission. talk to facebook. talk to google. and it's a brand-new way of doing e-mail. i hear these guys are gog to do a kick start process and they are doing something where it never sits on a serr, it's constantly moving and that is going to be amazing. so these issues inspire us. >> go ahead. it's a lightning rod. >> good for the nsa. they get around a lot and i and along with all the others unless there was a reason. you shouldn't expect privacy on facebook and twitter. people are going to give the nsa kudos. it's like they've said that they shouldn't been spying on the flight academy. saying that these guys are not learning how to land the plane correctly. >> i'mtill trying to understand how they can take executives from a technology companies, talking about personal privacy and security in pushing against the nsa and they want a monopoly on that access your private information. >> well if you

blowing up a huge bubble and then handling the lehman theation in a way that western world fell intolems than they have had in the last 70-80 years. , edna comes into situation where at least in clearing up the mess, the fed recently has made significant progress. she comes into a situation were probably really have to -- i only have the past chart of the last few months. gradual tapering. much forhank you so that. chief economist at denver area >> angela merkel has herself a skiing accident. she's hitting that from berlin. we will have more news for you after the break. ♪ >> welcome back, you are watching "the pulse." let's see how the markets are performing now. out for thes british pound this morning. first up, we had a pmi number that came in at 58 and changed a little weaker than anticipated third still, a fairly strong number. we saw earlier on in the morning concerns about what would be announced by the the chancellor george osborne. he is talking austerity and he is talking about it for longer than people anticipated. he said it is going to be a british year for the british e

the privacy and locations of this sort of massive surveillance at the privacy and theations of the sort of -- privacy and locations of the sort of massive surveillance can't be overstated. i think it is a critically important question, given that many of our surveillance laws depend up on distinction between the 2. -- the insights are important as we take up reform to the national security letter statutes. using them, the fbi can obtain detailed information about communication records and financial transactions. the thing that is troubling to many is the recipients are subject to permanent gag orders. senator durbin and i have been trying to impose additional safeguards on this controversial authority for years, to limit their use and to ensure that the gag orders comply with the amendment and to provide recipients with a meaningful opportunity for judicial review, something that most americans would assume already exist. series ofhas a important recommendations that change the way national security letters operate. we have not seen as much about these recommendations, and the press is