assistant secretary of the us treasury under president reagan paul craig roberts told us how some of those previous comments about father against him she had. made a mistake some years ago when he said that he was an american senator not an israeli senator and this instant to come up the coast in the in the last presidential election in the united states already israeli prime minister. supported it. was a poor move the peace process for the war and heated president of the united states and a very demeaning way. and so obama now is answering back to the israeli prime minister by appointing a u.s. senator who did a very very rare thing and asserted his independence. of the israeli government. u.s. authorities are planning to phone away every tweet sent in a huge. they're doing a lot of. killing people across the world. i think. priority but. the program. people in new york kind of interest is a necessary safeguard or a sinister form of snooping. to study the shaky global economy are being made at the g twenty gathering of finance heads here in moscow on the cracks within their ranks th

benefiting tremendously from all the turmoil in the eurozone be because the dollar and hence the us treasuries are considered a safe asset therefore keeping the interest rates and the mortgage rates in the united states pretty low while by contrast in russia by an apartment for say three hundred and fifty thousand dollars which is about the average for moscow and paying eleven to twelve percent lower. mortgage means that by the time you'd done with your twenty year loan you would have paid three times as much more than one million dollars for you and the million dollar question is are you going to be able to sell it for that much well as definitely something to think about before you make the plunge yeah listen i'm going to stick to rent right now. so that's how to thank you very much indeed. moving on after a hectic christmas period most priced men are putting their feet up not russian ones though they're busy running around to post boxes of online shoppers russians have been keeping their fingers firmly on the buy button bargains in foreign stores making the most of the january sells a broad

his party members and for criticism of the jewish lobby in washington assistant secretary of the us treasury under president reagan paul craig roberts told us how some of haggles previous comments have backfired against him. she had. made the mistake some years ago when he said that he was an american so not an israeli senator and this instant come up because in the last presidential election in the united states the israeli prime minister. supported. opponent of the peace process for the. heated president of the united states and a very demeaning way. and so a bombing there are is answering back to the israeli prime minister by appointing a u.s. senator who did a very very rare thing and asserted his independence. of the israeli government. u.s. authorities are trying to find a way every tweet ever sent in a huge archive. like killing people across the world you know there's only so much we can do. by already but. the program people in new york that kind of interest is a necessary safeguard or a sinister form of snooping. attempts to study the shaky global economy being made of the g. twent

of his party members and for criticism of the jewish lobby in washington social secretary of the us treasury under president reagan paul craig roberts told us how some of those previous comments have backfired against him. right see haykel made the mistake some years ago when he said that he was an american senator and israeli senator and this instant come up. in the last presidential election in the united states the israeli prime minister. supported it but it. was opponent of the peace process and treated president of the united states and a very demeaning way and so obama now is answering back to the israeli prime minister by appointing a u.s. senator who did a very very rare thing and asserted his independence. of the israeli government u.s. authorities are planning to find a way every tweet have a sentiment huge archive. they're doing a lot of other stuff. you know. whether that kind of interest is a necessary safeguard or a form of snooping. cracks within their ranks so much more. with. technology. development. you know sometimes you see a story and it seems so you think you understand

his party members and for criticism of the jewish lobby in washington assistant secretary of the us treasury under president reagan paul craig roberts told us how some of those previous comments have backfired against him dropped but she had a goal or made a mistake some years ago when he said that he was an american senator and israeli senator and this instant come up. in the in the last presidential election in the united states the israeli prime minister. supported it but. the peace process for the. speeded president of the united states and a very demeaning way. and so obama and there are is answering back to the israeli prime minister by appointing a u.s. senator who did a very very rare thing and asserted his independence. of the israeli government u.s. authorities are planning to file away every tweet ever sent in a huge archive. they're doing a lot of other stuff. you know. that kind of interest is. all full of snooping. cracks within their ranks so much more. with. technology. you know sometimes you see a story and it seems so you think you understand it and then you glimpse somethi

he's got an education reporting that the assistant secretary of the us treasury under president reagan and that of a paul craig roberts he told us how some of haggles previous comments of ultimately backfired against him. she hated. made the mistake some years ago when he said that he was an american senator not an israeli senator in this instance come up the coast in the in the last presidential election in the united states the israeli prime minister. supportive. of the peace process for the war and treated president of the united states and in very demeaning way. and so a bomb in their eyes answering back to the israeli prime minister by appointing a u.s. senator who did a very very rare thing and asserted his independence. of the israeli government. u.s. authorities are planning to file away every tweet ever sent in to up massive occupy . they're doing a lot of other. people across the world but you know there's only so much we can do i think. on the priority but. just a bit later in the program here on our. people. safe god or a sinister form of snooping. and attempts to study the

ati's guy nature kind reporting their assistant secretary of the us treasury under ronald reagan that of a poll craig roberts he told us here at odyssey house some of her goals previous comments of alternately backfired against him she had. made a mistake some years ago when he said that he was an american senator not an israeli senator and this instant come up the coast in the in the last presidential election in the united states the israeli prime minister. supported. bamma opponent move the peace process for the world and treated president of the united states and a very demeaning way and so obama now is answering back to the israeli prime minister by appointing a u.s. senator who did a very very rare thing and asserted his independence. of the israeli government. this is ots and u.s. authorities are planning to file away every tweet ever sent into a show like. they're doing a lot of other stuff that they should be doing like killing people across the world you know there's only so much we can do and i think. just a bit later in the program here. is people in new york that kind of

ati's guy nature kind reporting their assistant secretary of the us treasury under ronald reagan that of a poll craig roberts he told us here at r t how some of her goals previous comments of alternately backfired against him. she had. made a mistake some years ago when he said that he was an american senator not an israeli senator and this instant to come up the coast in the in the last presidential election in the united states the israeli prime minister. supported it but it. was a potent move the peace process for the world and treated president of the united states and in very demeaning way. and so obama now is answering back to the israeli prime minister by appointing a u.s. senator who did a very very rare thing and asserted his independence. of the israeli government. this is auto and u.s. authorities are planning to file away every tweet and into a show. they're doing a lot of other stuff that they should be doing like killing people across the world but you know there's only so much we can do and i think. on the priority but i'd still want that they should stop there and i'm

exactly what landed him in trouble that's according to paul craig roberts assistant secretary of the us treasury under president reagan the. reason i was because the bill or next you see he. made a mistake some years ago when he said that he was an american so not an israeli senator and this instant come up. in the in the last presidential election in the united states the israeli prime minister. supported it. move the peace process for the. speeded president of the united states and a very demeaning way. and so a bombing there on his answering back to the israeli prime minister by appointing a u.s. senator who did a very very rare thing and asserted his independence. of the israeli government. the u.s. the library of congress is working hard on filing away every tweet. everywhere. they're doing a lot of other. people across the world you know there's only so much we can do. priority but. coming up. steps out onto the streets of new york to find out what people think about the government holding on to their online. global economic troubles are being made at the g twenty. heads right here in mosc

in trouble in the first place that's according to paul craig roberts assistant secretary of the us treasury under president reagan that's a lot of time she had. made a mistake some years ago when he said that he was an american so not an israeli senator and this instant come up. in the in the last presidential election in the united states the israeli prime minister. supported. the peace process for the war and treated president of the united states and in very demeaning way. and so the bombing there are is answering back to the israeli prime minister by appointing a u.s. senator who did a very very rare thing and asserted his independence. of the israeli government. this is. a library of congress is working hard on finding a way to tweet. everywhere all of this and. they're doing a lot of. people across the world but there's only so much we can do. on the program here on. the streets of new york to find out what people think about the government holding on to the online messages. being made to the g. twenty gathering of financial heads right here at. the heavily on their minds. after the b

were anybody whether i was chinese or japanese or russian i would not be buying thirty year us government treasury bonds that are yielding three and a half percent or something right now because the prospects for us to print we have printed so much money since two thousand and seven it's really unbelievable we have the federal reserve has tripled what's called the base money the money that basic money supply it's called the monetary base it's actually gone from about eight hundred billion dollars to about three trillion dollars now and so almost more than tripled so we have a basis in place for a more than tripling of the price level right now we have created the the foundation for hyperinflation already and the baby boomers have yet to retire. so right now twelve percent of all the federal spending is based is being financed paid for by just printing new dollars. that's what's going on so we're acting very much like a developing country in terms of our actual finances and i've been. concerned about this and writing about it and speaking about it for since the late eighty's but another economists

benefiting tremendously from all the turmoil in the eurozone be because the dollar and hence the us treasuries are considered a safe asset therefore keeping the interest rates and the mortgage rates in the united states pretty low while by contrast in russia by an apartment for say three hundred and fifty thousand dollars which is about the average for moscow and paying eleven to twelve percent mortgage. means that by the time you're done with your twenty year loan you would have paid three times as much more than one million dollars for you and the million dollar question is are you going to be able to sell it for that much well as definitely something to think about before you make the plunge yeah listen i'm going to stick to rent right now. so thank you very much indeed. moving on after a hectic christmas period most priced men are putting their feet up not russian ones though they're busy running around to post boxes of online shoppers russians have been keeping their fingers firmly on the buy button bargains in foreign stores making the most of the january sells a broad tanya or has a sto

were anybody whether i was chinese or japanese or russian i would not be buying thirty year us government treasury bonds that are yielding three and a half percent or something right now because the prospects for us to print we have printed so much money since two thousand and seven it's really unbelievable we have the federal reserve has tripled what's called the base money the money that basic money supply it's called the monetary base it's actually gone from about eight hundred billion dollars to about three trillion dollars now and so. almost more than tripled so we have a basis in place for a more than tripling of the price level right now we have created the the foundation for hyperinflation already and the baby boomers have yet to retire. so right now twelve percent of all the federal spending is based is being financed paid for by just printing new dollars. that's what's going on so we're acting very much like a developing country in terms of our actual finances and i've been. concerned about this and writing about it and speaking about it for since the late eighty's but and other economis

were anybody whether i was chinese or japanese or russian i would not be buying thirty year us government treasury bonds that are yielding three and a half percent or something right now because the prospects for us to print we have printed so much money since two thousand and seven it's really unbelievable we have the federal reserve has tripled what's called the base money the money that basic money supply it's called the monetary base it's actually gone from about eight hundred billion dollars to about three trillion dollars now and so. almost more than tripled so we have a basis in place for a more than tripling of the price level right now we have created the the foundation for hyperinflation already and the baby boomers have yet to retire. so right now. twelve percent of all the federal spending is based is being financed paid for by just printing new dollars. that's what's going on so we're acting very much like a developing country in terms of our actual finances and i've been. concerned about this and writing about it and speaking about it for since the late eighty's. but and other econom

us jobs. connell: jack lew making his case to be the next treasury secretary. we will keep an eye on the market. we are below on the dow. here are some individual winners on the s&p 500. ♪ with fidelity's new options platform, making it easier to try filters and strategies... to get a list of equity option.. evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. otherworldly things. but there are me things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ dagen: the good and the bad of free trade with europe. the ambassador is here to talk about it. so is charlie rangel. he will tell us how the president plans to raise the minimum

and if we do, wouldn't they perhaps threaten us with those treasury, maybe dumping them and tanking ourell there is certainly a risk for that kind of tit-for-tat in this business, adam. what you're looking at, yes, we do have the capability to go after them what is basically a kinetic, not a kinetic but a computer network type attack attitude. if we engage in computer network attack, that comes an area we need to focus on and have some specific targets to go after. now, is something, while we have the capability of doing that, we don't do that unless we get presidential authorization to do that. and that in its big sense has never really happened. adam: so our options as you said earlier, trade sanctions. but do we even have the ability, as the biggest trading partner with china, europe is their biggest trading partner, but such an important part of our economy, do we have the ability to do trade sanctions without hurting ourselves in the process? >> that is always part of the problem. there are certain good, for example, t-shirts or something like that, they will come in, you know, fro

us. in the meantime, treasury yields pushing higher. ten-year. late on friday, will they continue to climb this week? rick santelli? >> i think all we have to do is list kbren to what bob said. even though we aren't as bad as europe when you think about ford and weakness, you think about europe. there are lot of multinationals, lots of global growth issues that are weighing on equities, at least percent. today down a half dozen basis points mandy. and 20-year chart shows us that the rough average is around 4 3/4%. we are still low but maybe the surprise for the rest of this year is maybe we will find a whole lot more treasury about guilt buyers than sellers considering that growth percentage for the globe doesn't seem to be enthralling any investors at this point. >> right as always. thank you very much. >>> let's dig into the markets now. joining us, mark travis, president and lead portfolio manager at intrepid capital funds. and analyst at s&p dow jones industries. howard, let me ask you first of all, even though this is not the best of days, w

you can use this latest data that is up from the treasury.ou will get into this market in the next hour. a warning sign that getting under a trillion in deficits is hardly reason to will put up, but the trend is my friend. austria, closer to a record. what is going on in corporate america, earnings, and he is going to say that is the improving trend. we don't need to do anything crazy because look at what these tax hikes have done. reality getting this under control. now, americans will say, well, that makes sense to me. maybe we don't need to do something drastic. how would you counter that? >> by pointing at you have a contract economy. you're going the wrong way. by pointing out that we are back at 8 percent unemployment. by planting of that 40 or 50 percent of the young people that graduated last year still don't have career oriented jobs. that's a disaster. he may find the statistics year and a statistic there that picks up at the early part of the year recovering from the horrible numbers of last quarter, but the fact is the country is

used to talk about? well, he has nominated one for his treasury-secretary. we'll dig deeper in jack lew's tenor at citibank. and president weighs in on football violence. he is not sure he would let his son place. should you,? >> paul: welcome to the joushlg editorial reported. i'm paul gigot. as a bipartisan group of senator layout an immigration reform deal. a day before president obama took up the issue in a las vegas speech. the road is frar smooth what to do with illegal immigrants already in the country and how easy their path to citizenship should be. >> if this endeavor becomes a bidding war to see who can cop up with the quickest and cheaper to green card, this is not going to go well. >> we have to deal with the 11 million individuals who are here illegally. we all agree that these men and women should have to earn their way to citizenship, but for comprehensive immigration reform to work, it must be clear from the outset that there is a pathway to citizenship. >> patti ann: joining the --. >> paul: panel james free, man and jason you have followed

the tax and treasury's office did let us know that with some businesses if they are just in automatic mode, they may not and they may just issue their renewals with the current business registration amount and so, for the on-line renewals we will automatically capture that dollar but any checks that are mailed in may not. they may or may not see the new dollar requirement. and so, they have kind of made an internal determination that depending on the degree we may or may not be able to company tur that dollar. with this new program, and i am really appreciative because i think as you have heard from small businesses, small businesses were the ones that really made this recommendation to the state to put it into a law. >> next, i have provided for you what i think is a really good summation of sb 1186 for you to take a look at. a few things that i want to highlight that are small business related is that on page 3 and this is the title is lexology and it is from a particular individual who has done a lawyer who has done the summation of the bill. so, there are two ways in which there i

treasuries. if you think rates skyrocket or fall, use a derivative, but can using a derivative to hedge interest rate risk or take a directional bet on where rates are headed make you money? coming up, nasdaq's executive vice president on a fox business exclusive telling us how these brand new options hitting the tapes today work. it's coming up next just part of the countdown college theory. ♪ ♪ liz: the power mover of the hour is ticker symbol nvgn, one that's skyrocketing, and it's up 208%, shares. pharmaceutical research company jumping on positive news, and studies show that cs6 compound quickly killed ovarian cancer stem cells at low concentrations and destroyed regular cancer cells. the stem cells are almost totally resistant to radio therapy in the first place in standard anticancer treatment. this is human. let me show you the one-year chart because it's bizarre. red -- ready? okay. this bounced aren't, but, today, novogen jumping now 211%, and here's, just want to see that move, it's a really good one at the moment. that's nice. okay. that's novogen. the dow 30, there's just a few red

that's going to change, the treasury department will no longer use the postal service to send you youroney. starting march 1, you will get those benefits electronically through direct deposit or a debit card. the change to save taxpayers $1 billion over the next ten years. >>> and microsoft wants to lure e-mail users away from g mail and yahoo. the company launched a tv and digital ad campaign to get you to sign on to its new e mail service or old, depending. if you currently use microsoft hot mail or msn, all your e- mails and contacts are going to be exported to the new service. the good news is, you can still hold on to that old e-mail address. >>> right now on wusa9, bidding wars. are rent controls a thing of the past? >> and a local teenager gunned down outside his home. it's a crime police are calling senseless. >> also, an unwelcomed visitor. check this video out. a car ran up the front steps and through the front door of a virginia home. this is far from any ordinary accident. >>> lawyers for the man convicted of killing v chandra leavy is based on a lie wusa9 reporter is sitti

the one tell us about berkeley's 20 year treasury bond. >> okay, here is the deal with that.if you are an investor that currently wants to own bonds and protect yourself against the drawdown or a spike in yields, you buy this. your financial visor can talk to about this. it can help hedge against rising interest rates. >> jpmorgan in the emeing markets bond, local currency bonds. body like them? >> they are both sort of the same thing that we talked about earlier. like the power shares, invest -- instead of buying in u.s. dollars, you are buying in foreign currency. if you felt that the u.s. dollars were just going to fall out and let's just say tt maybe the euro were other emerging markets like that, that would be an etf that he would favor. again, all three of those providing you a little bit of a hedge against the dip in u.s. bonds beyond you say thathey don't need such heavy scrutiny. why that? >> i think as they stick their nose in the market business, levels of regulation that we had over the years, it is a reason why become so popular. a dark pool is a plce where trade

us down. >> yeah. our treasuries haven't moved all that much. look at the dow, down just 34 points. as we said, down 93 at the lost day. not going to call this the belski bounce, brian, but what would you be buying here if you're buying this dip? >> well, listen, mr. griffith, we continue to be very bullish from a longer term perspective on areas like industrial, energy and technology. we think those three areas will benefit from a u.s. domestic recovery the second half of the year. when cap-x, yes, cap-x comes back into vogue, and that's the long-tail trade that could last three to five years and will really continue to help the u.s. outperform. mr. santelli is exactly right on the europeans. they remain very reluctant owners of the u.s. stocks, don't want to be here, reluctantly trying to come back but already too late because their heels dug in so far on european stocks this year, and they are having a tough time digging out. >> brian, what's the trade then? you're bullish on this market. where do you want to be exposed to? i mean, for example, would you buy the banks here? >> we

using these guidelines would strike that balance. but rolling back the guidelines it goes all towards what the companies are asking for. >> host: talking about the report from the treasury continued and success of patriot firmly infield pennsylvania hello. >> caller: as i've been listening to this interesting problem. the screening process that we used to hire people in treasury is doing a remarkable job for removing the morals and integrity and i can understand how people reached the upper echelons of power and all of a sudden have the moral compass is phlebotomized and they don't think everything is wrong with that. in your reporting have you gotten any insight to these situations and how people can just be so crass? >> guest: i think the caller raises an important point that we have addressed in the report. in a report last year and this year. what we reported on is these companies in proposing excessive pay and the high cash salaries, multimillion-dollar pay packages. the cash salaries that are extremely high, they just lack a complete appreciation for the situation that they are in. they want to be treated as business as usual. it's not a business as usual, not as

us. he died honoring this creed. treasury nominee jack lieu coming under scrutiny. they are questioning whether he violated federal laws by failing to respond to the group that oversees medicare. the group led by jeff sessions lames lew is unfit to be treasury secretary. >> an appeal supreme court justice ruth gator ginsburg rejected the first filing to come after that filing. they made the emergency request. the board forced the company to rehire 700 employees. it involved in a labor dispute. they wanted the supreme court to halt that. lance armstrong is going to take the money and run. an attorney says he has no plans to pay back the bonus money for winning the tour defrance. that amounts to nearly $12 million. armstrong confessing he cheated and doped his pway to the title. he says athletes shouldn't have to return the compensation. the company is plan to go file a lawsuit. >> superdome officials say there was a chance the power could go out for the super bowl. tests show the electrical meet feeds were decayed and there were concerns about power failures since ba

me max kaiser and stacy herbert i'd like to thank our guest in williams of tartarus treasury if you like to contact us please tweet us at kaiser report at facebook dot com forward slash kaiser report until next time ask guys are saying by all. here reindeer isn't everything for them. and when it's not for these. people do their best to fill. the room of need the untidy. free. free. free. free free. free .

gm actually went to the treasury secretary and said give us relief from these pay limits.the same time, they are not offering to pay back taxpayers. it is an important point to say that the companies have got to understand the situation they are in. part of the problem is a lot of these companies want there to be no public memory of the bailout. they want people to say that yes, that happen but now it is over and we have moved on and everything is well that everything is not well in america. we're still recovering slowly and we are still covering these companies and we are still continuing to put them on our shoulders so it is not business as usual. host: you mentioned the treasury as signing off on these executive pay which has been called excessive but also the responsibility of the companies. why shouldn't the companies ask for more money? advocate -- devil's vague ask and treasury denies, why should they stop? guest: at some point, they have to take responsibility. they came to the government had in hand and said save our bacon. you need to appreciate was bail you out

treasury too much power. i began asking him does dodd-frank truly eliminate keeping us the taxpayer on the hook from too big toute made clear once and for all, taxpayers will not be on the hook for dealing with failed financial institutions. it creates the statute does, a whole process which the owners of those firms, management of those firms have to take responsibility for those failures are. the biggest financial firms in the country will have to gather together and make sure that whatever is needed in the way of resources is provided. so the taxpayers are held harmless. liz: would you say right now, are there any financial institutions here in the united states that still feel a little too big to fail? it could be a citi, jpmorgan, goldman sachs, if they were to run into some type of trouble that is unforeseen? >>> i think the whole point of dodd-frank was to create a financial system where we could survive the failure of big furls. that we create more capital conditions and stronger requirements and the dodd-frank statute provides and regulators put in place a set of procedures that will make sure that wh

depth of the treasury is with us. we also have a member of the board of governors of the federal reserve system. we have the chairman of the federal deposit insurance corporation and tom curry the comptroller of the currency. richard cadre is the director of the consumer financial protection bureau. alyse walder is a chairman of the securities and exchange commission. gary kensler is a chairman of the commodity creating commission. i thank all of you again for being here today. i would like to ask the witnesses to please keep your remarks to five minutes. your full written statements will be included in the hearing record. under secretary miller, you may begin your testimony. >> chairman johnson, ranking member crepo and members of the committee thank you so much for the opportunity to be here today. the dodd/frank wall street reform and consumer protection act represents the most comprehensive set of reforms to the financial system since the great depression. americans are already beginning to see benefits from these

. >> they also directed treasury to loan us $2 billion to get the project started until the options came to take place. >> are we selling part of that d block? but what are we taking from this? >> is a totally different sections. it is other spectrums that will be auctioned for commercial purposes. >> in terms of representation, although it is not a bad idea, i appreciate the outrage you're asking for. i think that is your request of us today. how do we stay involved in terms of governors? >> the board appointments are made by the department of commerce. the next time there will be a couple of openings, they are one, too, or three years. this is something that is dependent upon the department of congress. we do not have a current or former governor on that. what we have done is to advocate with the board. they have been happy to work with us. we are on the executive committee for the public safety advisory committee. n ga holds one of the vice chair seats. >> just to follow up, it would be great to have a governor on the board. in terms of timing, what is happening in the next year? is i

me max kaiser and stacy herbert i'd like to thank our guest in williams of chargers treasury if you like to contact us please tweet us at kaiser report at facebook dot com forward slash kaiser report until next time ask eyes are saying by all. the first baby steps are june. fool's booms are not a big deal. terrible trauma. for children can be broken by bare touch. and only the will of life can make all pains and sores weight. fragile people on r.t. .

me max kaiser and stacy herbert i'd like to thank our guest in williams of tartarus treasury if you like to contact us please tweet us at kaiser report at facebook dot com forward slash kaiser report it's all next time x. guys are saying bye oh. you know how sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realize that everything you thought you knew you don't know i'm tom harpur welcome to the big picture.

us at a competitive disadvantage. we're sitting on the sidelines while investment jobs and headquarters are going overseas. here's the quote i like. it is from the secretary of the treasury equivalent in the uk. he said "the rate of taxes. britain will have a 22% rate, not lower than all of our competitors, but 18% lower than the us. they are all lower their rates -- they are all lowering their rates except oscar us. you made the point that that is not the effective rate. the effective rate is lower. i would put on the record today that the effective rate is still eight points higher than the average. i do not want folks to misinterpret what was said earlier when the point was made that our effective rate is lower, because you could have inferred from that that it is lower than average average. it is still higher. as you talked about today, this is incredibly complicated. we do not have an efficient allocation of resources. it is hurting jobs. given that the president's counsel has come out with a report that cutting the corporate rate in a deficit neutral way would boost economic growth, given that simpson- bowles also said that, given has agreed that cutting the tax ro

but we caught up with workers from the national treasury employee's union and judging by what they told us, those federal workers are following the story very closely. >> it's like a car payment and a utility bill. it's like a week's worth of mortgage. a lot of employees do not have a very large reserve. it's going to be a 10% pay cut. i have to lose a day. i'm going to lose a day up until the end of october. financially. you know, that is an electric bill. >> personally, my plan is to take a home equity line out on my house to pay for my children's college tuition. i had an employee who is a lower grade employee ask me if i would take her furlough day and i told her i would because she can't afford her car payment and her rent. >> there is concern, but no apparent panic among the federal workers who talked with bruce johnson. in fact, a large group of employees for the smithsonian just learned they will not be furloughed during the cuts. >> the mandatory federal budget cuts come on march 1. >> are they talking about furloughs? no information whatsoever? >> no. just that it may happen, tha

treasury under president reagan paul craig roberts told us how those views are now and damaging hail standing with his fellow republicans your. report also says she had. made a mistake some years ago when he said that he was an american son of an israeli senator and this instant come up the coast in the in the last presidential election in the united states the israeli prime minister. supported it. move the peace process for the war and treated president of the united states and in the meeting way. and so a bombing there on his answering back to the israeli prime minister by appointing a u.s. senator who did a very very rare thing and asserted his independence. of the israeli government. later in the program a sinister snooping or a necessary safeguard. they're doing a lot of other stuff that they should be doing like killing people across the world but you know there's only so much we can do i think so our tweets are kind of low on the priority but i'd still point that they should stop doing. lorie harford us to ask the people in the streets of new york how they feel about u.s. gove

. >> they also directed treasury to loan us $2 billion to get the project started until the options came to take place. -- optoinsions could take place. >> are we selling part of that d block? but what are we taking from this? >> is a totally different sections. it is other spectrums that will be auctioned for commercial purposes. >> in terms of representation, although it is not a bad idea, i appreciate the outrage you're asking for. -- outreach you're asking for. i think that is your request of us today. how do we stay involved in terms of governors? >> the board appointments are made by the department of commerce. the next time there will be a couple of openings, they are one, two, or three years.ther wie will be aopportunities to he new board appointments made in august. this is something that is dependent upon the department of congress. we do not have a current or former governor on that. what we have done is to advocate with the board. they have been happy to work with us. we are on the executive committee for the public safety advisory committee. nga holds one of the vice chair s

david: well, as treasury secretary, god help us, he may be called upon at some point to initiate otherho knows what crisis we may or may not get into over the next four years. if he does so, could he be charged by people who don't agree with that with conflict of interest? >> i think that is what you worry about. we come through this period where big banks were bailed out. there's kind of a simmering anger among americans still about crony capitalism. there's a guy from a bailed out bank, thework actors on wall street, amazingly up for the job of treasury secretary four short years later. i -- david: at the time of the initial bailouts in 2008, i was questioning hank paulson's connection with goldman sachs, former head of goldman sachs, benefited from the bailouts. it's a fair criticism. he may actually have to rescue himself from the decisions, no? >> ideally in a treasury secretary, you want an understanding of finance. you want someone who understands finances and understands wall street but is not a creature of it. i think what you worry about or are captive of it you might say, yo

treasury under president reagan paul craig roberts told us how those views are now damaging hey goals standing with his fellow republicans she has. made a mistake some years ago when he said that he was an american senator not an israeli senator and this instant come up because in the in the last presidential election in the united states the israeli prime minister. supported it but it. was opponent of the peace process for the war and treated president of the united states and in very demeaning way. and so obama now is answering back to the israeli prime minister by appointing a u.s. senator who did a very very rare thing and asserted his independence. of the israeli government. and later in the program a sinister snooping or a necessary safeguard. they're doing a lot of other stuff that they should be doing like killing people across the world but you know there's only so much we can do and i think it's kind of low on the priority but i'd still a point that they should stop doing on. new yorkers how they feel about u.s. government plans to store every tweet ever posted. and talk of

treasury under president reagan paul craig roberts told us how some of haggles previous comments have backfired against him she had. made a mistake some years ago when he said that he was an american so not an israeli senator and this instant come up. in the last presidential election in the united states the israeli prime minister. supported. the peace process for the. speeded president of the united states and a very demeaning way. and so a bombing that i was answering back to the israeli prime minister by appointing a u.s. senator who did a very very rare thing and asserted his independence. of the israeli government u.s. authorities are planning to fall away every tweet have a cent and a huge archive. they're doing a lot of other stuff that they should be doing like killing people across the world but you know there's only so much we can do i think so our tweets are kind of low on the priority but it's still in part that they should stop there and. they from the program nori healthiness quizzes people in new york called whether that kind of interest is a necessary safeguard or a s