the treasury department steps in. the u.s. house for bloomberg news. you are writing about that today. what does the treasury department have to do regarding the debt ceiling and what has been talked about by senator boehner and other republican leaders in terms of dealing with it on a long-term basis? >> the treasury started the first in a series of extraordinary measures. avoidare designed to hitting the actual debt limit. they are procedures that the treasury department says it could run until late this month. they have not set a certain date as of yet on when exact the. they are expecting sometime before the end of the month. lawmakers in congress are trying to figure out a way to raise the limit. possibility that they will come up with a bill to be voted on as early as next week. although that is still a bit in flux right now. >> the senate is coming back to take on a bill dealing with military pensions. why is this an issue for the senate? >> there was something that happened during the negotiations on the two-year budget. this was included. this

and eventually the treasury department became convinced that the state department was going far beyond the proper and necessary in enforcing regulations, and the treasury department turned up evidence that the state department had suppressed some of the information about the holocaust, going out of switzerland. and a man whom i had the privilege of interviewing wrote up a scathing memorandum. and morgenthaler was persuaded, he talked it down a little bit but he took the memo to the president. >> what was the title of that memo? >> report on the acquiescence of the government and the mass murder of the jews. and the president decided to take jurisdiction of way from the state department and to establish the war refugee board. >> thank you. >> you talked before about the u.s. british negotiations on a joint statement. i was one if you give us a cliff notes version of a churchill and the jews book? and how you would describe his involvement. >> i don't think i'm going to do that one from memory. sir martin gilbert and i have had some disagreements on matters of interpretation, and he has

and eventually the treasury department became convinced that the state department is going far beyond the proper and necessary measures in enforcing regulations and the treasury department turned up evidence that the state department had suppressed some of the information about the holocaust going out of switzerland and a man who i have the privilege of interviewing wrote up a scathing memorandum and he was persuaded, he turned it down a little bit, but he took the memo to the president. >> what was the title of that memo? >> it was on the acquiescence of the government and the mass murder of the jews. and the president decided to take jurisdiction away from the state department and the war refugee board. >> thank you. >> you talked before about this on a joint statement and i'm wondering if you could give the cliff notes version of this book. and how you would describe his involvement? >> i don't think i'm going to do that one from memory. i have had some disagreements with him on matters of interpretation. he has a more, a more consistently pro-jewish idea than i have found in the r

we tried the treasury department to see if there were more contracts contracts listed there. there weren't. the department of public affairs, no luck there. back to the controller site where you can look by county and town. that only takes you to some smaller figures and they are fema numbers, a totally different pool of money. we went to an article in the "star ledger" and followed a link to an announcement where you can find the name of the project in bellville. we found the minutes of the meeting where it was approved and that gave us the number for the project. we googled that to find out where it all started in 2011 when the project was only approved for $500,000 of aid from the state instead of $6.2 million it was approved in 2013 post sandy. even then, the only way you know that this is sandy money is to go back to that press release from the excess county executive. this sentence was the only statement we can find that links this pronlg jekject to sandy. since the project is located in one of the nine counties impacted by sandy, the project may assist senior citizens a

in july of 2011, the treasury department -- the united states treasury department, part of president obama's administration, reported that illegal aliens received more than $4 billion in free child tax credits in just 2010 alone. in some cases, households received tens of thousands of dollars year after year, in many cases claiming as dependents people who don't even live in the united states. a number of these filers had no tax liability. that is, they were paying no tax at all, but they were getting tax credit checks from the federal government. the inspector general of the treasury department asked congress to act and close this clear abuse, and it is dramatic really. what we found was in 2005, credits claimed under this provision amounted to $924 million, but the inspector general reported that by 2010, it was $4.2 billion. gone up four times in what? five, six years. surging program, as word got out that all you had to do was make these claims. nobody checked if the children were in the united states or if there were children at all. and there is no way to check. this is what th

the justice and treasury departments are giving banks a road map for doing business with pot farms. many in the banking industry say they are uneasy about opening accounts for marijuana businesses. >> yes. banks and financial institutions feel they are in legal limbo despite these guidelines coming out on friday afternoon. the guidelines coming from the treasury department say banks and financial institutions can accept cash from these pot businesses, but what the banks have to do, making regular reports to the treasury department to watch out for suspicious activity. the fed saying the banks have to keep an eye out for operators selling pot to minors, but there are additional red flags that the banks trigger additional reports for. evidence a customer is using marijuana business to launder money. criminal records of people involved in the business and businesses unrelated to pot depositing cash that smells like marijuana, which would be a bit of a give away, wouldn't it? s the guidelines are finally welcomed by the marijuana industry because they've been very concerned about safety

secretary of the us treasury department peekaboo. the stated that officials of the crean should seek assistance from the flesh will likely find in order to fight the economic crisis. at the end of two thousand thirteen. russia announced that it is willing to provide ukraine was alone in a nod to fifteen billion us dollars. the first part of the creek sovereign funds and another three billion dollars was bought up by russia in december two thousand thirteen. aside from the assistance of the cradles to receive a thirty percent discount on russian gas according to the deed to the us treasury department in december last year china's holdings of u s treasury debt decreased by over forty nine billion us dollars the treasury data show that in december us that the tenant appendix two to three dollars each from you global demand for gold fell by fifteen percent in two thousand thirteen. in comparison with the previous year an amount to three thousand seven hundred and fifty six times the fall in demand as explained by almost two fold decrease

cradles to receive a thirty percent discount on russian gas according to the deed to the us treasury department in december last year china's holdings of u s treasury debt decreased by over forty nine billion us dollars the treasury data show that in december us that the tenant appendix two to three dollars each country global demand for gold fell by fifteen percent in two thousand thirteen. in comparison with the previous year an amount to three thousand seven hundred and fifty six times the fall in demand as explained by almost two full decreasing the demand for gold investments. central banks have also shown less interest in the precious metals in monetary terms demand fell by twenty percent. the two thousand thirteen. hackers have caused losses to russian and foreign companies in the mouth of twenty five billion us dollars. is it that the reports. the most whites for ten of the peak of the future of web services accounting for twenty four point five percent and over two tablets together accounting for sixteen point three percent. most probably that i get to practice making health care decis

it's an out the latest in business news people at the u s treasury department. i'm drinking the sign of relief they were worried that they were going to run out of money to pay back that i achieve that genesis now from the ms is as good morning i'd tell us more about this morning cafe and we can be sure that it's not just treasury officials who are bottom of the turn of events or how the us defaulted on it would have global mikey implications for u s lawmakers avoided the potential default on national tests. the democrat led senate on wednesday approved a bill that lets the government borrow money through mid march next year the senate endorsement comes two weeks the fluoride deadline when the treasury department would exhaust day to day emergency measures to finance the federal government. some republican senators broke ranks and voted with the democrats earlier on tuesday the legislation had passed the republican controlled house of representatives the two sides have repeatedly been at odds over whether to place the borrowing limits. this time two republican l

with their own trading desks there in the treasury department who are they trading on behalf of but people still participate and listen don't rise up and don't overthrow the system and this article here and sarah had just positing that one thing that's come about is the central banking system this brings us to the second undesirable and unjustified source of income inequalities i.e. the creation of money out of thin air or illegal counterfeiting by central banks every dollar the central bank creates benefits the early recipients of the money the government and the banking sector at the expense of the late recipients of the money and wage earners and the poor so since the invention of these currencies and the central banking system post nine hundred seventy one the banking sector went from four percent of g.d.p. to over ten percent. that is absolutely correct the income inequality is exacerbated by the social bunks who print money without any connection to any underlying economic fundamentals and the script was written before and when they wrote the script when nixon and all his peop

treasury department which oversees sanctions in the u.s. specifically allows for the sale of humanitarian goods like food and medicine, he says that repeated warnings and crackdowns about violating sanctions like the ones announced just last week have scared many companies away from doing any business with iran. >> they say that it does not affect food and drugs but many bumps and most of the bumps in the road >> a senior treasury department official told us the u.s. does not target any companies doing legal business with iran. further more, the department argues that sanctions are not responsible for these drug shortages that are being reported in iran. they point to data indicating that exports of pharmaceuticals to iran are rising and not declining. they argue that if there are any shortages in iran, it's more likely caused by something within iran itself. >> back in iran, the economy has shown small signs of recovery. inflation dropped a few points in recent months and the nation's player who came out as gay after he retired. he is the

. >>> the department of treasury, the treasury department confirming more than $4.5 billion of iran's oil revenues have been transferred to the country, after deal, blocked funds under that deal that was brokered by geneva. >>> shows the arrest of two of our colleagues in cairo. the video appears to be shot by security officials who arrested our colleagues. mohamed fahmy, peter greste and baher mohamed. >> for the purposes of this piece we have decided to use screen grabs rather than run the video. a voice thought to belong to a security officer is heard asking al jazeera acting bureau chief mohamed fahmy about his accreditation, to which he replies, i was told the al jazeera english position is valid otherwise i would not have accepted the job. the ordeal on the video has been overlaid by incongruously dramatic music. microphones, a printer, laptops, other tools of the trade. al jazeera english's director of news, has condemned the video, saying, if it came out by mistake, the professionalism of the prosecution process is called into question. they were also not operating in cairo se

this is clearly intimidation and directed out of the treasury department and authorized by the white house and trying to discourage tea party and conservative groups from being involved in the public dilog. the president doesn't like them and intimidated. he department have concerns with the nn a c or liberal groups are involved. it is only the conservative groups enters the fray they are concerned wanted >> a house panel led by republicans is fighting the same fight. we'll see where that goes, carl, thank you so much. >> thank you alley. >> we are waiting for the senate vote on the debt ceiling. and will boehner's strategy pay off. and also there is this. >> this is the police department. >> all right. that is an intense search following a carjacking and the police issuing an amber alert for a teenage girl and elderly man kidnapped at knife point. >> also. no, when you got off the bus the last time. >> tension was building on board of the bus and then this happen. what could be the legal fallout in the wake of a school bus driver now fired. >> when that goes the bus pass is no longer

this was all a problem in the cincinnati office, today we saw an e-mail or this week, from the treasury department, a woman named ruth madrigal, keeping tabs, we mentioned potentially addressing them off-plan. that means out of the public in 2013. i got my radar up and this seems interesting. ruth madrigal works at 1600 pennsylvania avenue, not anywhere near -- >> that's the irs headquarters, right? >> yes. >> i welcome your opportunity to give your political statements. what i find odd about it is you all seem to be saying but for this scandal if this had never happened, apparently you would favor giving bonuses to the irs. >> i'll ask the question. the question is should we be rewarding this kind of pave with bonuses. that's the question. >> we shouldn't be rewarding government employees with bonuses in any situation. had this scandal evenever happened i would still be here saying why are we giving bonuses to government employees. you know where the money comes from? if they're auditors and leave and go into private practice and make a fortune because they know what they're doing. let's not con

>> i am not privy to the procedures the irs follows or the treasury department follows except to say for 50 years there has been guidance or directive issued by the secretary of the treasury who has deemed it is the assistant secretary of treasury for tax policy that has the ability to determine the final position of the department of treasury as it relates to internal revenue or tax policy and so i would have to defer to them. >> you are not aware of any instance where the treasury secretary would make a rule or regulation in this regard without the consent or participation of the irs commissioner? >> i have never been a part of that but one can assume he or she would speak. >> the proposed rules, the enforcement services in the irs. and signs the final rules, that is the proposed rules. >> your recommendations on how to fix this problem, do you believe the irs follows recommendations of the inspector general that congress could sleep at night, to the rest assured to sleep at night knowing what possibility agents in the irs, to have ideology or some other prospective that goes agains

that's why there's such a flow not only of money, but of personnel between wall street and the treasury departmentthere's other aspects of government. there's a portion of the judiciary -- a small portion of the judiciary, the so-called foreign intelligence surveillance courts. most of congress doesn't even know how they operate. >> talk a little more about the nexus, the connection, between the national security state and wall street. because this is a theme that runs through your essay. >> do you know that about 30 blocks north of here there is a restaurant that will sell you a truffle for $95,000. also in new york, christie's sold at auction a painting by francis bacon for $142 million. now a parallel situation with the national security state. the nsa spent $1.7 billion to build a facility in utah that will collect one yottabyte of information. that's as much information as has ever been written in the history of the world. it costs $400 by the time the pentagon finishes paying contractors to haul one gallon of gasoline into afghanistan. that's a real extravagant amount of money. in both cases

the treasury department's spending authority runs out on february 22. if there are remarks after that meeting, we plan to bring those to you on the c-span networks. we will have more live house coverage when the gavel comes down here on c-span. have a facebook question today about congress and term limits. we want to know what you think about term limits. scott says absolutely not. term limits for the president should be done away with. term limits create amateur governments. log onto facebook.com/c-span and you can leave your thoughts there. we have other live programming coming up -- the heritage foundation is hosting a daylong conservative policy summit including speakers tend -- ted cruz, mike lee and jeb hensarling. president of that organization. you can watch live all day until .bout 6:00 eastern on c-span3 tomorrow, janet yellen will deliver first monitoring policy report before the house committee. you can see that tomorrow on c-span3. >> i think it is an evolutionary process. you grow into this world. my sense is you never get comfortable if y

rich: an extraordinary time in washington, the treasury department deploy in extraordinary measures top the federal government from reaching the debt ceiling. jack lew says congress has until the end of the month to raise the debt ceiling. fox business reported earlier this week that house republican leadership center host of ideas to attach to a debt limit increase, none were popular enough to pass the house so it appears republicans may relent. >> neither party wants to turn to a crisis that we have seen in previous iterations of the debt ceiling. if you are a republican you want to be seen as competent and do the basic fundamental jobs of congress, one of which is raising the debt ceiling. leaders just want this to go away. it is not entirely evident how that goes away but ultimately it will be increased before the end of the month deadline. connell: house leadership is still trying to figure out what they can attach to a debt ceiling increase. other republican aides acknowledge they have run out of ideas and no house republicans have never passed and increasing the debt ceiling und

it. 2012, they took action to fix that. 2014 will be the rubber match, and even though the treasury department will try to change the rules basically to make what happened in '12 legal, the president of the united states, the treasury department, eric holder, you're not going to keep us from having our first amendment rights. you're not going to keep us from par difference pates -- participating in an election, we understand what you're doing. you're trying to stop us from participating. neil, there's nothing this president is going to do to stop the tea party from defending our country and our constitutional rights. >> well, i think the battle has been joined. thank you very much. in the meantime, chuck, chuck. >> relax. chuck survived. new york city mayor bill deblasio having trouble hanging on t chuck the groundhog but winter is hanging on. why this storm has one forecaster saying hanging on would be kind. try "snowmageddon" now. you stand behind what you say. around here you don't make excuses. you make commitments. and when you can't live up to them, you own up, and make it right. so peop

. >>> and the treasury department has confirmed that over half a billion of iran's dollars and oil revenuesen transferred to the country under an interim nuclear deal. the money is the first installment under the geneva deal. those are the headlines. i'm tony harris in new york. al jazeera presents is next. ♪ bing, bang, boom. the super heros are around. the worlds collide. the world rages on a comic shell. it has no consequence.

the justice and treasury department releasing memos on the subject today.ederal law still bans the sale and use of marijuana. >>> and phoenix veterans in need are all coming together. the annual a to z stand-down event has services all in one place. what is this event all about? >> reporter: well, del, i can you tell you this, we're here at veteran's memorial coliseum, we're expecting 1500 veterans who are homeless or at risk to come here by the end of the day, and this is really important for them, because this is where they can come here for all of the services they need. they have got showers here, beds, and tables set up, so the veterans can come through here and discuss medical benefits, figure out their social security benefits. this is the first thing they get when they come through the door. and it has all of the basics, a towel. they have got a radio that will -- a radio and flashlight that will -- they can use out on the street, and then they have all of the toiletries here too. so this isn't the only thing, but they have so many services out here

and, yet, the treasury department estimates that by shifting from paper to digital they would save $1illion over the next 10 years, but then what are they going to print those $1 billion bills on? paper. where is your savings now? and where does this paperless menace end? first they take our paperwork. what's next, our liquid paper? ( laughter ) pretty soon they'll come for our toilet paper, and i, for one, don't want to use something digital to clean my analog. ( laughter ) the point is-- ( applause ) ( cheers ) i'm not going to say that didn't deserve applause because it did. ( laughter ) the point is, there's nothing suspicious with this or the fact that my show is sponsored by the new hampshire stamp moistening sponge association. stamp moistening sponches for when you don't give a spit. and this has in no way influenced my objective, ongoing series, "self-adhe's ifs, the stamp of death." folks, the self-adhesive stamp is a death trap. kids mistake one for a real stamp, lick it, the adhesive sticks to the tongue. suddenly the kid is choking to death on a forever stamp. for him, fo

treasury department within 30 days. remaining $100,000 will go to fund future trainings. and in a statement the airline says it provided extensive support to passenger asks families following the accident and will continue to do so. going on to say it's response after the crash was slowed because it was a holiday weekend. when staffing was short. i'm live at sfo, abc7 news. >> thank you very much. and this was revealed in court today. prosecutors say a 3-year-old napa girl died because of child abuse and neglect. prosecutors cited a coroner's report. here are the suspects. according to the report, krueger's daughter, kayleigh slusher died of multiel blunt impact injuries to her head, torso and legs. both suspects pleaded not guilty today. >> san diego police chief has abruptly retired. william lancedown has been the chief ten years but his department has been rocked by multiple accusations of sexual misconduct against officers his resignation is effect iffive next monday. during his tenure the in the bay area, san jose named the nation's safest big city. >> san jess yeah

so you mentioned today was the point where the treasury department no longer has the ability to borrow and can do those things to move money around essentially and provide more time. so what the house republicans are looking at are some ways to attach something to a vote to increase the borrowing authority, the debt limit, and they do that in part because they believe that this is one of those leverage points where perhaps they can extract something they would like to see achieved by this being such a make or break, must-do kind of issue. we've seen that before. there isn't the appetite right now to push the country up to the brink. there does seem to be an overall fatigue. but where does it stand? well, the initial wave of a couple of ideas being floated just within the republican conference, would there be enough support, for example, the keystone pipeline, attaching that. would that be enough to get some of the republican members who are the least likely to vote for an increase in the debt ceiling to go along. so far republican only ideas have not worked. so house leadership is cons

the treasury department says the u.s. will hit the debt ceiling at the end of the month. >>> this morning many small businesses are getting more time to comply with obamacare's employer mandate. the administration announcing companies with fewer than 100 workers will have until 2016 to begin providing coverage. the mandate deadline was already pushed back for all businesses until 2015. the administration says it wants to give companies enough time to make the process as simple as possible. >>> the french president, francois hollande, continues his official state visit to washington today. just a day ago, he went with president obama to monticello. that is where thomas jefferson lived. in just a few hours, the french president will visit the white house for meetings there and a state dinner, and that meal, of course, complicated by hollande's newly single status after an affair with a french actress that led him to part ways with his longtime partner. >>> new calls this morning for the military to turn over detailed inform

some kind of legal reassurance and at the same time the rules of them being announced by the treasury department. the banks have to report transactions with marijuana businesses. they just are required to do it in a particular way. the justice department is not making any legal guarantees as long as the businesses stay away from eight priority areas which is keeping the drugs away from kids and keeping it from being tracked across state lines where it's not legal. those are the area that is the feds say they will concentrate on. there is the possibility they will get in trouble. >> evan perez, we will stay on top of that story. the other story is the travel along the eastern seaboard right now. it is crippled. up to its knees by the ice storm that encased cities from atlanta to maine. airports are scrambling to clear the backlog of delayed travelers. unless you are the president, it's wheels up at andrews. for the rest of us, 7,000 commercial flights were canceled and 1300 official flights grounded today. thinking the roads are a better option, think again. this is the pennsylvania turnpike. 100

an e-mail from the treasury department's ruth madrigal says, don't know who in your organization is keepingabs on c-4s, i've got my radar up. this seemed interesting. other than sparks flying, what is going to come of this? let's start with you. you were following the hearing this week. what did we learn that we didn't know before? >> the obama administration has this line that there was no corruption, no targeting, all caused by low-level employees in the cincinnati office of the i are everyone s who didn't understand a confusing law on confirming 504 c-4 groups. >> we learned something that contradicted that this week? >> yes. the entire contradicted that. we found out the administration appears to have been thinking about and working on these regulations to govern 501c-4 behavior going back to 2011. dave camp weighed out all his evidence as to why that narrative is false, given the fact you have plenty of employee whose testified this was run out of washington and that there was no confusion involved in this at all, that this was all about some sort of political agenda from d.c. >> there

obama's own treasury department. the memos aren't getting up to the second and over to the white house. three economists at treasury published a study in the national tax journal. what it shows is tremendous economic mobility. the ability to start out in humble circumstances and arise in america. it's roughly 70% of the population that begins in the lowest 20% of the income bracket at birth, ends up in a higher bracket. this is just what you would hope for in an american system that allows people to rise on their talent and hard work. >> that is over 20 years. it's a very long study, very detailed. irs records. a lot of detail. >> you are seeing people with the ability to rise. you are seeing people with the ability to fall. there is a narrative that this 1% is the rich people that the president and others love to vilify are locked in this permanent status above the rest of us. the truth is they drop out of the 1% all the time year-to-year. you are seeing a dynamic picture. the american dream is alive and well. >> the

the argument comes from the treasury department saying they have the statutory authority to mitigate the transitional effects of a new law when it imposes a big burden on taxpayers. this is wonderful that the obama administration is finally admitting that obama care is a big burden on taxpayers. claiming in 2015 it's a new law when it was enacted in 2010 is really a reach. i think you're going to see more democrats have a hard time backing this kind of argument. even assuming that their legal reasoning is sound, just the idea five years later they can call it a new law and they are basically saying that can go on past 2015. >> dan, the last thing the administration wants to do is go back and ask congress to revisit the bill, change a little bit. they know they won't just settle for a little bit. there will be a wholesale rewrite the house republicans will insist on. they want to do this unilaterally by themselves. are they going to get away with it? >> i don't think they are going to get away with it. they turned this exercise into something that sounds like enlistments for world war

the treasury department announcing companies with under 100 employees will not be required to offer healthce to workers until 2016. well, how majority leader eric cantor is not having it. another day, another delay. that's the failed lighting of the olympic rings at the opening ceremony in sochi. >>> the state of nevada will no longer defend its ban on gay marriage. the republican governor agreed with the democratic attorney general's motion. it does remove the state as an opponent to the ban. >>> michelle kwan has gone from figure skating to stumping in sochi. her hubby is running for governor of rhode island. he's reportedly asking notables to pose for photos holding up a pin supporting her man. >>> if you ask marco rubio if he's ever spoked pot, good luck getting an answer. >> if i tell you that i haven't, you won't believe me, and if i tell you that i did, kids well say look, he smoked marijuana so i can do it too. >>> we have your inside guide to the state dinner. expect a french-inspired theme courtesy of the guest of the french president. gearing up pr the state dinner. none other t

so as part of his executive initiatives, the president with the treasury department finished a new pilot program, get it up and running, use a private financial official as the administrator, but give millions of workers who don't have options for their employment to save in little microaccounts. very risk free. they'll be low returns, but it will be very safe. and they're describing this as a way to almost have a training or beginner savers account that would allow workers to get more used to putting money away for retirement and accrue enough they could roll it over into regular ira that we're used to where we choose the funds we want the invest in. >> one of the points we're hearing is that this something that employees would be something to opt out of, than in. >> no, the president is saying he'd like congress to take up a separate legislative initiative that would be called the opt out. it's an automatic ira and congress is a little resistant that idea because they're concerned it would require employers to sign up their workers. and they'd prefer a -- especially republicans it be a

out by the federal government back in 2008...is one of the few remaining banks in which the treasury department still holds a stake. marketwatch reports the i-p-o could be worth four and a half billion dollars. turmoil at the top-- doesn't appear to be hurting well point's stock. shares rallied more than a dollar friday on word the company is firing it's interim ceo without stating why. well point is the nation's second largest health insurance company. there have been 3 ceo changes at wellpoint since 2012. amazon is planning to connect with brick-and-mortar retailers the online retailer will soon add products from j. crew, ralph lauren, and lord & taylor to its site to generate website traffic. amazon customers would link to retailers' websites to purchase items. the new venture is expected to launch next month. in spain...the biggest names in mobile technology are in barcelona today for the "mobile world conference". sony, lenovo, and htc are just a few of the innovators expected to release new gadgets this week.. reports are already surfacing samsung will show off a bendable tablet. tech ana

in fact, i also believe that the treasury department supports this enforcement provision as well, and i'd like to cite from a recent inspector general's report. "in 2011, the treasury department's inspector general reported that individuals who are not authorized to work in the united states received billions by claiming the additional child tax credit and several news investigations found troubling instances of abuse of this tax credit. in just one example, according to a 2012 news report, an downlted worker in indiana -- an undocumented worker in indiana admitted that his address was used to file tax returns by four other undocumented workers who fraud will notly claimed 20 -- fraudulently claimed 20 children in total resulting in tax returns of nearly $30,000. this change would save approximately $20 billion over 10 years. that's $20 billion in savings over ten years, which obviously far more than covers the $6.8 billion cost of the cola fix that we are putting forward. clearly, that works. but i understand that we have not been able to get bipartisan agreement on this provision, o

>> this is the first time where i get a sense from the treasury department that they do not have a lot fudge this. they have been adamant that their best estimate of cash reserves are expiring the last weekend in february. so much change ability because of the refunds going out to taxpayers, it is hard to gauge. congress should not mess with this. you have the house going on recess. they will be out for two weeks under the current schedule. they have not set any timetable for voting on something to extend the debt ceiling. nobody wants this fight. they are running out of time it even if they want to you to deal. >> is this a legitimate threat? or is this something that the administration is trying to get the public behind? it seems illogical to me that the government doesn't have enough money. it is still coming in. how real is this? >> if you listen to the treasury department, they have made it clear that this -- it is the first time we have had this moment in the calendar year. whethers questioning they are giving bad information. they have the best information. there is a lot of pol

the treasury department says by february 27th, it will exhaust its about to borrow billions of dollars to pay bills. john harwood is in washington for us tonight and john, what can we expect to emerge from the meeting this evening? >> well, we expect, sue, is that house republican leaders and their members are going to agree on a strategy of what they are going to put on the floor to raise the debt limit. it is expected they will raise the debt limit this week, meaning they will be well ahead of the deadline and the senate would follow suit. the question is what goes along with it to sweeten the pot? >> what would the condition be, and do you expect it will be a condition democrats will go along with in the senate and down along pennsylvania avenue in the white house? >> this is what is different about this episode, tyler, from previous ones. they are not looking for a companion provision that democrats hate. they are doing something that democrats might be able to say yes to. one of them is resource $6 billion in cuts to veterans pensions that were made in that bipartisan budget deal,

inspector general report was released, shde that after consulting with the chief of staff at the treasury department. put him on notice they were going to do it this way. get out in front of this story. and she said this. want to read from miss learner's comments. she disclosed the systemic targeting of tea party groups, conservative groups, have taken place. shep said, quote, they use names like tea party or patriot. simply because those application, had those names in the title. this additional scrutiny not only delayed the processing of their applications for a period of years but also resolving intrusive questions from the irs that were far beyond the scope of legitimate inquiry. when this thursding first broke. that people were targeted and delayed for years. attorney general holder said this was outrageous and unacceptable. the president said we will not tolerate this kind of behavior in any agency. but one month after that, in a hearing in front of the judiciary committee, then fbi director mooul mueller was asked a question. can you tell me who the agent is in the case? can you tell me how m

those are designed to avoid hitting the actual debt limit and the procedures that the treasury department says could run until late this month, they haven't set a date certain as of yet on when exactly they are expecting some time before the end of the month, law makers in congress are trying to figure out a way to raise the limit. there is a possibility that they will come up with a bill to be voted on as early as next week, although that is still a bit in flux right now. >> we know the senate is coming back to take up a deal with military pensions. why is this an ire with the senate? >> it's an issue because it happened during the negotiations on the two-year budget and this was included in there, this is something they now want to deal with separately and so this is something that you have both seen as a possible thing on the debt limit although it's my sense they may be moving away from that but this is something the senate plans to take up separately now. >> the new federal reserve chair will testify after a dropping less the last week and impressive job numbers. >> they want to get