what does "unconstrained" mean to you? "unconstrained" was a word four or five years ago that was meant to a solution to the fact that bonds were about to have a bear market. investors wanted to say, hey, if i am going to buy something and it is going down in price, i need a different alternative to duration space. and so, that's where "unconstrained" came from. it says basically, let's not emphasize duration so much, but let's talk about credit let's , talk about volatility and liquidity and illiquidity and see, in terms of the filling relative to the pie, if you can add 300 or 400 basis points with relatively little risk, without losing any money. erik: how far are you prepared to go with the freedom that it offers you? how far up the risk curve is comfortable for you? bill: there is not a lot of junk in the unconstrained fund. very little. there is not a lot of duration. and on the other side, it's only leveraged to 2 or 3 times. how does that all come together? well, hopefully, it comes together with a price volatility

gross manages the $1.4 million janus global unconstrained bond fund. >>> why main street business owners are watching washington very closely. . >>> more than 5.5 million people are estimated to have their fingerprint information stole anyone massive cyber security breach at the office of personnel management. that's five times more than the orange estimate when the breach was disclosed earlier this summer. the agency says it is working with groups like the fbi to determine the potential misuse of that stolen data. >>> at midnight, one week from tonight, the government could potentially shut down. that's when funding for many federal agencies expires. but senate republicans are trying to avert a government closure. amon jarvis has been following developments from washington. what's the senate going to do this week, if we know? and what happens after that? >> i'll tell you what the plan is. what they're going to do is anybody's guess but the plan is tomorrow on thursday, mitch mcconnell and senate republicans will bring to the senate floor a measure that would be a short-term funding meas

their program is unconstrained, is growing slowly. the real threat with north korea is they could begin arming these ballistic missiles with nuclear warheads, threatening japan and south korea. host: travis is waiting on our line for republicans. good morning. caller: good morning. i just wanted to say that this is really not a treaty, this is a surrender. the only thing missing is a white flag. and we are not even getting our prisoners back. no deal. guest: it is not a treaty. technically, this is an executive agreement. it is the united states, china, france, the united kingdom, russia, germany, and the european union that negotiated this agreement with iran. they have pursued this agreement in order to get iran to comply with its nuclear nonproliferation treaty obligations and to comply with un security council resolutions passed since 2006, calling on iran to comply with his commitments and halt its program until such time there is a conference of agreements. congress, members of congress, said they wanted to weigh in. they wanted

stalin was pretty unconstrained, didn't have the weapons that are available now.ezhnev, khrushchev were more politically constrained in their domestic legal context, et cetera. but i think, some climate today and russia may not be so conducive to progress on the issues that we've been talking about, but it is essential that we continue to talk about them. i also think it is essential that we don't take the approach of cutting off our nose to spite our face. you know, to discontinue a lot of the activities that were done in the context of the nato-russia council, to me that's, that's backs of cutting off your nose to spite your face. because we don't do this as a favor to the russians your we did many of these cooperative things because we think that helped to alleviate the security dilemma, the security challenges that we face. so i've gone on too long. let me thank you and turn it over to the next speaker, steve. >> first let me thank sharon for inviting me to participate today but also, including me in the workshop that took place in october in june. because i w

there is an overriding priority and it should not be put at risk when the prospect of an unconstrained nuclear program presents as a threat to america and the world. thank you again and we look forward to answering your questions. chairman: thank you secretary. to get to a point that i read. the 24 day suspect process does expire in 15 years. the iaea additional protocol alone would not stop them alone aced obased on our past experience. in the secretary defense's testimony about the i in icbm stands for intercontinental. simply countries develop icbm's to develop a nuclear forehead. these would be aimed at us, not at moscow. at the same time that these missile restrictions are coming off, sanctions on the iranian scientists involved in the bomb for our coming off. how is that making us safer? it seems to me the winner here is russia. they demanded and onwon on the lifting of the sanctions. why did we concede on that? secretary kerry: we did not concede on that. we had seven nations negotiating. three of the seven thought the sanctions ought to be lifted immediately -- iran, russia, an

virtually unconstrained, that's what this president inherited from the previous administration. thanks to this effort, this agreement cuts off every single one of iran's pathways to a bomb. it makes it smaller and breaks it down to one year. should iran renege on this and decide they're going forward with a nuclear weapon, with this agreement, we believe it will take a year and we can put more pressure on them. iran is required to change its heavy water reactor so that it can no longer produce weapons grade plutonian -- plutonium. we are helping to design and monitor the fuel in and out of this facility and verifying it every step of the way. all of us have deep suspicions about iran's nuclear suspicions, as we should. what if they try to build a secret facility? well, our negotiating team developed a plan with no escapes. our team thought long and hard over the last two years about how we might be able to stop cheating. for every potential technique, they encountered a counter for it. if the strongest nuclear -- it's the strongest nuclear bill imposed on a nation and iran won't

there is an overriding priority and it should not be put at risk when the prospect of an unconstrained nuclear program presents as a threat to america and the world. thank you again and we look forward to answering your questions. chairman: thank you secretary. to get to a point that i read. the 24 day suspect process does expire in 15 years. the iaea additional protocol alone would not stop them alone aced obased on our past experience. in the secretary defense's testimony about the i in icbm stands for intercontinental. simply countries develop icbm's to develop a nuclear forehead. these would be aimed at us, not at moscow. at the same time that these missile restrictions are coming off, sanctions on the iranian scientists involved in the bomb for our coming off. how is that making us safer? it seems to me the winner here is russia. they demanded and onwon on the lifting of the sanctions. why did we concede on that? secretary kerry: we did not concede on that. we had seven nations negotiating. three of the seven thought the sanctions ought to be lifted immediately -- iran, russia, an

stalin was pretty unconstrained. didn't have the weapons that are available now. bresh nev, krushov were more political. so i would say the domestic political climate in russia today may not be so conducive to the topics that we are talking about but it is essential that we continue to talk about them. but i also think it is essential that we don't cut our our nose to spite our face. to dismiss the activities in the nato-russia council, to me that smacks to cutting off your nose to spite your face. we don't do this as a favor to the russians, we do these cooperative things because we think they help to alleviate the security dilemma and the challenges that we face. so i have gone on too long. thank you and turn it over to the next speaker. steve. >> okay. good. well first let me thank sharon and css for inviting me to participate today and including me in the workshops that took place in october and june. because i would very much with agree with what andy said. these conversations or channels are very important, particularly at a time of more difficult relations

alternative and any objection by congress would leave us isolated and leave iran's nuclear program unconstrained going into the future. >> i want to get your reaction to this move afoot among some republicans in the house of representatives to delay a vote. it was supposed to be this week, a resolution of disapproval against the iran nuclear deal. some of them are now saying that 60-day clock for congressional consideration was supposed to begin a couple months ago. it hasn't started because the white house has not turned over all relevant material to congress. what's your reaction to that? >> well, i have to say it's baffling because in the senate the gop is arguing we need to have a vote on this, there can't be a filibuster and in the house effectively republicans are threatening to fill bust err vote on the agreement so it's baffling. i do think it's quite a strained interpretation to say that the corker legislation would require that the president submit to congress an agreement that the iaea is precluded from even sharing with the administration. but the reality is -- and i don't think the

is forced to walk away, iran will be left with an unconstrained nuclear program th far weaker monitoring requirements and the current international consensus and international unity and pressure iran would be seriously undermined. signed 5 plus one all onto the agreement and all but the united states has said cat gorlically, therefore, the agreement and not looking to negotiate. the members of congress have to decide whether to stay with the agreement that was agreed to and confirmed by the european union and the nations. so where do we go. the senate and the house reject the deal. will these countries come back to the negotiating table? the information we have fl meetic with the united states senators is that no, they aren't going to go back to the negotiating table. i don't think china and russia were at that meeting. but the word is they aren't going to go back to the negotiating table, so we will have negotiate by ourselves. we attempted to do that for many, many years. only after these countries got together and they decided to come to the table and make the agreement which is now b

it's an unconstrained fund.k at an arbitrageable situation -- >> we've got to -- >> precision cast parts at -- >> bill, i'm sorry. i apologize. >> as you know from our policy statement released a short time ago, the federal open market committee reaffirmed the current 0 to quarter percent target range for the federal funds rate. since the committee met in july, the pace of job gains has been solid. the unemployment rate has declined, and overall labor market conditions have continued to improve. inflation, however, has continued to run below our longer run objective, partly reflecting declines in energy and import prices. while we still expect the downward pressure on inflation will fate over time, recent global economic and financial developments are likely to put further downward pressure on inflation in the near term. these developments may also restrain u.s. activities somewhat but have not led at this point to a significant change in the committee's outlook for the u.s. economy. the committee continues to a

we have unconstrained fixed incomes taking negative rate exposure.xed income like returns over time without necessarily be pegged to duration out there. on the equity side we leave that to active managers. over last couple years, highly levered companies have done very well. those and to be lower quality companies. some you have our managers underperformed as a result. we think they will be vindicated. we think when rates move up, higher quality companies will not have need for access to capital markets or number two they will continue to have access to capital markets if rates increase. we think we're in good position with those managers. >> it is anybody's guest. great to have you both. at this time tomorrow we'll either have mayhem or mellow. david animal lissa i will -- and medical littles is a we'll have a little control. david: mayhem is fun. melissa: and bedlam. all those things are good. liz, thank you very much. hours away from the second gop debate where trump goes head-to-head well, with everyone. david: just about everybody. melissa: how

stalin didn't have -- stalin was pretty unconstrained and didn't have the weapons available now and kruschev were more politically constrained in their context, et cetera, but i think -- i would say the domestic political climate today in russia may not be so conducive to progress on the issues that we have been talking about, but it is essential that we continue to talk about them. i also think it is essential that we don't take the approach of cutting off our nose despite our face. you know, to discontinue a lot of the activities that were done in the context of the nato-russia council. i believe that smacks of cutting off your nose despite your face because we don't do this as a favor to the russians. we do many of these cooperative things because we think that they help to alleviate the security dilemma and the security challenges that we face. so i've gone on too long. let me thank you and turn it over to the next speaker. steve. >> first, let me thank sharon both for inviting me to participate today and also for including me in the work shops that took place in october and june because

unrelenting, unconstrained. >> so that fire has to go a good couple hundred feet in the air. >> reportero small silhouettes against another wild fire heaving its destructive power through the night. >> steep terrain, high temperatures, 101, 107 degrees. >> reporter: it's been a nonstop fight for three days, firefighters losing ground ov overwhelmed by explosive growth. in these conditions with homes on the line -- >> water. >> reporter: every drop of water counts. that's only a few hundred gallons left, not enough for a full defense. >> we've got to save some water. >> reporter: the chief forced to prioritize until reinforcements arrive. this home safe for now. up the rode escape plans are drawn, everyone ready to evacuate. >> i watched my friends home burn yesterday let alone getting him out, it's not good. >> reporter: the loss has been tremendous and 6,000 more structures are being threatened. >> i thought i woke up on mars. he goes it's down the street. we got to go. and the room, the house just glowed red. >> reporter: they hope that home is still standing. >> i'm scared to death. t

overriding national security priority, and it should not be put at risk, not with the prospects of unconstrainedranian nuclear program presents such a threat to america and the world. thank you and we look forward to answering your questions. >> thank you all very much. senator cardin. sen. cardin: it's been stated many times that the u.s. maintains its ability to oppose sanctions relative to support of terrorism, human rights violations, and ballistic missile issues. i have read the juicy po, -- the jcpoa, and there are many paragraphs in that give me concern. let me just read one, paragraph 29. parties will refrain from any policy specifically intended to directly or adversely affect normalization of trade and economic relations with iran. secretary lew, i want to get your assurance that we have full ability to use the tools of sanctions against iran for its support of terrorism and human rights and nonnuclear type of activities, which include congressional action that congress might want to take. it wasw: senator cardin, a matter of extensive discussion in the negotiations. we made clear in t

use the word unconstrained, david, and i think about your theory in your work in the fundamental spirit what is the mood of the market now? is it able market rather broken in the u.s. or europe? is it a bull market broken or can it be a bull market that repairs? david: i think it can repair. it is up to commodities. the ones we see sentiments stabilize, i argue there are signs of that. with the chinese equity bubble, once we get past a thought in commodities, i think investors will refocus. tom: how do you know into a cumulate energy shares? view orsachs has a jpmorgan has a vp at when the you know to begin to buy cheaper shares? i do not really seeing the oil market returning to what it has been like in the last couple of decades. a mentally changed, and i think we are in for a multi-your time of low oil prices to that makes me question the dividends of these firms. you have to be very careful before dipping your total in the water. on the fixed income side, what we're seeing in oil prices is an in amount of stress. side, a lot income of our fixed income funds are funny great opportuni

and iran's nuclear program would be unconstrained. rejection would fracture our unified efforts with our allies and greatly weaken international pressure on iran and undermine american leadership on this issue and others, especially if economic sanctions are needed in the event of a violation. this agreement has shortcomings, no doubt, and they are serious. i have listened to my colleagues, including chairman corker, whom i deeply respect and others here today enumerate a number of them, and yet i remain convinced that the most constructive and clear-eyed role for congress is to support specific steps to make implementation and enforcement of this agreement stronger and more effective. in fact, in my view, the day after this agreement is approved and accepted is as important as the agreement itself. the day after and the months after and the years after, because that is when this agreement must be enforced vigorously and strenuously and unyieldingly. i've taken additional time to look beyond this agreement to create a blueprint for di

dashes madly for a bomb, but it will almost certainly move forward with its enrichment program, unconstrained by inspections, limits on research and development of new centrifuges or other protections in the deal. in short, iran will have many of the advantages of the deal in access to money and trade with none of its disadvantages. instead of rejecting the deal, therefore, congress should focus on making it stronger. first, we should make it clear that if iran cheats, the repercussions will be severe. second, we should continue to strengthen our intelligence capabilities to detect any form of iranian noncompliance. third, we should establish the expectation that while iran will be permitted to have an enrichment capability for civilian use, it will never, never be permitted to produce highly enriched uranium, and if it attempts to do so, it will be stopped with force. fourth, we will share with israel all the technologies necessary to maintain its regional military superiority and if necessary to destroy iran's nuclear facilities no matter how deep the bunker. and finally, we're prepared to

and overriding national security priority and should not be put at risk when the prospect of an unconstrained nuclear program present such a risk to america and the world. thank you again and we look forward to answering your questions. back to a point that was made as i read it, the suspect site process does expire in 15 years. the iaea additional protocol would not deter iran based on our past and spirits -- past experience with the iaea. i think that point stands. >> a reminder that you can watch all of this hearing online. we will break away here and take you live to the national press club to hear from south carolina governor, nikki haley, who will be speaking today about lessons from the new south stop it's just about to get underway life here on c-span. twitter feedclub -- press club d.c.. nikki haley was born in bamberg, south carolina, to immigrant parents from punjab, india. she graduated and went to work for her mother's upscale -- upscale clothing business before beginning to focus on politics. in 2004, she won a seat in the south carolina house of representatives, becoming the fi

verifiably preventing iran from acquiring a nuclear weapon, would allow for the resumption of the unconstrained and unchecked iranian nuclear program, and would lead to the unraveling of the international sanctions regime that was sustained because the administration sought to diplomatically resolve concerns regarding iran's nuclear program. further, enactment of this resolution would deal a devastating employee to america's credibility -- blow to america's credibility and could ultimately result in the exhaustion of alternatives to military action. if this resolution were enacted, the hard work of sustaining a unified coalition, to combat iran's destabilizing activities in the region, would be much more difficult, as would america's ability to lead the world on nuclear nonproliferation. preventing iran from acquiring a nuclear weapon has been a top priority of the united states and the administration. it's been the long standing policy to retain all options to achieve that objective, include possible military options. at the same time, the administration has worked diligently with the congress

virtually unconstrained. that's what this president inherited from the previous administration. but thanks to this effort, this agreement cuts off every single one of iran's potential pathways to a bomb. it shrinks major portions of their nuclear infrastructure. it eliminates many parts of it. it extends the breakout time to at least one year. should iran renege on this and decide they're going forward with a nuclear weapon, we believe that under this agreement, it will take them at least air -- least a year to achieve it, a year in which we can put pressure and more, if necessary. the agreement reduces iran's uranium stockpile by 98%, cuts its number of centrifuges by more than two years and caps enrichment at 6.7%. it prevents fordhow from being used for uranium enrichment. they have to change the heavy water reactor at iraq so it can no longer produce weapons-grade plutonium. how will we know? we're designing a way to monitor fuel in and out of this facility and verifying it every step of the way. all of us have deep suspicions about iran's nuclear ambitions, as we should. wh

start to fray, splintering the international consensus on iran and leaving its nuclear program unconstrained. finally, this agreement must move in parallel with increased commitments to security assistance for israel and our other allies in the region. in my view, the most troubling issue with this agreement, one my colleagues have addressed, is that the sanctions relief that iran will receive after it implements key restrictions on its nuclear program will provide it with additional funds, and a certain portion of those funds could be fund into iran's destabilizing activities around the region. i am deeply committed to the security of our allies and want to ensure that we are taking steps in parallel with this nuclear agreement to enhance our allies' ability to defend themselves. i want to see further enhancements of our security assistance to israel, greater defense cooperation with our arab allies and stronger actions to counter iranian militant activities. we are in the midst of discussing other initiatives in this chamber to provide additional assistance and enhance the security of isra

joining us now, bill gross, janus global unconstrained bond fund portfolio manager. a billion things to talk about. bill, your take on the jobs number and the fed and the xh economy. hi. >> the jobs number was mediocre but decent and probably in terms of it janet yellen and the fed, sufficient for either september or december. it's probably on the line. the u.s. economy is chugging along at 2%. that's decent. that's not great but it's allowing for corporate profits to stay at least at flat levels going forward. the u.s. economy isn't bad but there are significant global imbalances as you just talked about with china and emerging markets and their currencies which in many cases are dollar denominated and could lead to problems down the line. and ultimately, last point before i break here, 0% interest rates have for a long time exerted a negative influence on the economy. a positive influence though on financial markets, but they destroyed business models. insurance companies and pension funds, they're all in trouble because they can't earn that 7% or 8% which they've

iran's nuclear program with the unconstrained him and iran would get most of its money, too. of course, we could levy harsher unilateral sanctions ourselves, and that would be emotionally satisfying to many, but they won't bite. they did that when iran went from only 300 centrifuges to more than 18,000, and they won't now. the question in this debate of whether to approve the deal were to dump it. there is no door number three. a we don't need you to resign because as a deal, it's quite a good one. experts in the nonproliferation space almost unanimously affirm that it's a strong deal. it blocks each one of iran's pathways to a bomb and places its nuclear program under strict international supervision. there is no alternative to this agreement, certainly no military option that eliminates 98% of iran's fissile material or two-thirds of its operating centrifuges. now i want to grant the critics make a few very persuasive arguments that have more to do with how we view iran and how we view this deal. first they say it places too much trust in iran but the opposite is true. this

overriding national security priority, and it should not be put at risk, not with the prospects of unconstrained iranian nuclear program presents such a threat to america and the world. thank you and we look forward to answering your questions. >> thank you all very much. senator cardin. sen. cardin: it's been stated many times that the u.s. maintains its ability to oppose sanctions relative to support of terrorism, human rights violations, and ballistic missile issues. i have read the juicy po, -- the jcpoa, and there are many paragraphs in that give me concern. let me just read one, paragraph 29. parties will refrain from any policy specifically intended to directly or adversely affect normalization of trade and economic relations with iran. secretary lew, i want to get your assurance that we have full ability to use the tools of sanctions against iran for its support of terrorism and human rights and nonnuclear type of activities, which include congressional action that congress might want to take. it wasw: senator cardin, a matter of extensive discussion in the negotiations. we made clear in

there is a difference between righteous in-dig nation and unconstrained anger. our anger must be put to constructive use. to stop what is wrong and to promote what is right. we cannot make the mistake of replacing a liberal divider in chief with a conservative divider in chief. or for that matter, to sacrifice our principles for the cult of personality. the scripture, and i should say the message, has always been greater than the individual. scripture refers to the son of god as the word. jesus was the message of god's salvation in the flesh. he was truth, light, liberty and love. in the early scripture, the israel it isra israelite septembrose up and th sought a king to rule over them. and samuel knew that that was a mistake, but he saw god's counsel. he was driven to his knees in prayer. he searched for god's guidance. in first samuel chapter 8, it describes what was going on at that particular point this in n. time. it says not that god was pleased with their request. he wasn't. but as sometimes he opposes us for loving kindness, at other times he gratifies u

verifiablebly preventing iran from acquiring a nuclear weapon, would allow for the resumption of the unconstrain and unchecked iranian nuclear program, and would lead to the unraveling of the international sanctions regime that was sustained because the administration sought to diplomatically resolve concerns regarding iran's nuclear program. further enactment of this resolution would deal a devastating blow to america's credibility as a leader of diplomacy and could ultimately result in the exhaustion of alternatives to military action. if this resolution were enacted, the hard work of sustaining a unified coalition to combat iran's destabilizing activities in the region would be much more difficult, as would america's ability to lead the world on nuclear nonproliferation. preventing iran from acquiring a nuclear weapon has ban top priority of the united states and the administration. it's been a long-standing policy to retain all options to achieve that objective, including possible military options. at the same time, the administration has worked diligently with the congress and our internati

and iran's nuclear program would be unconstrained. rejection would fracture our unified efforts with our allies and greatly weaken international pressure on iran and undermine american leadership on this issue and others, especially if economic sanctions are needed in the event of a violation. this agreement has shortcomings, no doubt, and they are serious. i have listened to my colleagues, including chairman corker, whom i deeply respect and others here today enumerate a number of them, and yet i remain convinced that the most constructive and clear-eyed role for congress is to support specific steps to make implementation and enforcement of this agreement stronger and more effective. in fact, in my view, the day after this agreement is approved and accepted is as important as the agreement itself. the day after and the months after and the years after, because that is when this agreement must be enforced vigorously and strenuously and unyieldingly. i've taken additional time to look beyond this agreement to create a blueprint for di

the alternative to this greement is an unconstrained iranian nuclear program, mr. speaker. hanging overall of our heads and the security of the united states and israel and regional partners, who knows. the false hope offered by the critics is let's return to the negotiating table to seek a better deal. man i respect at one of our hearings that chairman royce chaired, former senator leiberman said just that. i said how does that work. he said well, it's not going to work and let's start over. the proposition that we would renounce our own agreement that we negotiated wrought by more than a year of tough negotiations and expect that our negotiating partners, including russia and china and iran itself, to sit back down at the table and start all over again is r our leadership delusional. cannot be naive about the scenario which congress rejects this agreement brokered by our own country. among our allies we divest ourselves and among our add versus areas we confirm the suspicion we cannot be trusted. the negotiations would collapse and our leverage would be diminished in all

you can mitigate a little bit of that with alternative or unconstrained type strategies.an mitigate or credit strategy some of the volatility in the portfolio. >> yeah. >> joe? >> my comment, joe was primarily aimed at the traditional 10-year treasure try and caption to it if rates move up, and you lose money on principle in the short term. my comment was a general response of duration to a slight rise in rates. >> yep, and that's right. i agree. >> brian, thank you, great talking to you. >> becky, thanks very much, thanks, everybody. >> thanks, brian. >> great to see you. >> likewise. >> twitter can measure mentions, right? >> yes. >> you have gone from bitcoin to now unicorn. unico unicorn. you love the unicorns. you love them. >> i get on a thing. >> you do. you do. what happened to others? >> finished with. >> what about bitcoin? >> new news. that's why it's news. >> there is another debate between now and cnbc debate. without the internet i would probably be like a c student. internet essentials from comcast has brought low-cost high speed internet into the homes of

their program is unconstrained, is growing slowly.he real threat with north korea is they dictate -- is they could begin arming these listed missiles with nuclear warheads, threatening japan and south korea. is waiting on our line for republicans. good morning. caller: good morning. i just wanted to say that this is really not a treaty, this is a surrender. the only thing missing is a white flag. and we are not even getting our prisoners back. no deal. not a treaty. technically, this is an executive agreement. , china,e united states france, the united kingdom, russia, germany, and the european union that negotiated this agreement with iran. they have pursued this agreement in order to get iran to comply with its nuclear nonproliferation treaty obligations and to comply with un security council resolutions passed since 2006, calling on iran to comply with his commitments and halt its program until such time there is a conference of agreements. , members of congress, said they wanted to weigh in. they wanted to have a say on this, even

the alternative to this greement is an unconstrained iranian nuclear program, mr. speaker. hanging overall of our heads and the security of the united states and israel and regional partners, who knows. the false hope offered by the critics is let's return to the negotiating table to seek a better deal. man i respect at one of our hearings that chairman royce chaired, former senator leiberman said just that. i said how does that work. he said well, it's not going to work and let's start over. the proposition that we would renounce our own agreement that we negotiated wrought by more than a year of tough negotiations and expect that our negotiating partners, including russia and china and iran itself, to sit back down at the table and start all over again is r our leadership delusional. cannot be naive about the scenario which congress rejects this agreement brokered by our own country. among our allies we divest ourselves and among our add versus areas we confirm the suspicion we cannot be trusted. the negotiations would collapse and our leverage would be diminished in all

verifiablebly preventing iran from acquiring a nuclear weapon, would allow for the resumption of the unconstrain and unchecked iranian nuclear program, and would lead to the unraveling of the international sanctions regime that was sustained because the administration sought to diplomatically resolve concerns regarding iran's nuclear program. further enactment of this resolution would deal a devastating blow to america's credibility as a leader of diplomacy and could ultimately result in the exhaustion of alternatives to military action. if this resolution were enacted, the hard work of sustaining a unified coalition to combat iran's destabilizing activities in the region would be much more difficult, as would america's ability to lead the world on nuclear nonproliferation. preventing iran from acquiring a nuclear weapon has ban top priority of the united states and the administration. it's been a long-standing policy to retain all options to achieve that objective, including possible military options. at the same time, the administration has worked diligently with the congress and our internati