waxman: thank you for yielding to me. mr. speaker, my colleagues, this is a bill that could have been worked out. this is a bill that could have accomplished the purpose that i know that our colleague from delaware wants to see put into place. i applaud him for working hard to improve the bill under very difficult circumstances. in trying to allow the american sell nce companies to policies to expats, we could craft a bill that's narrow, but we are not getting cooperation to get to that point. the reason we're not getting cooperation is we're told we must pass a bill right away. well, we were told that two weeks ago when we had the bill on suspension and we couldn't consider any amendments under suspension. now we have the bill under a rule. the rule provides for no amendments either. there are -- there's a bill to be crafted, but this bill before us does not accomplish the goal in a way that really doesn't hurt some people's insurance coverage. there's still two major problems with the legislation before us today. first, it

mark kirk voted for waxman markey in the house. then comes citizens united. name one who will come to the floor right now and admit that climate change is a real problem and that harbin pollution is anything worth doing about. that is a real problem. that is hitting our farms, our families, our forests, our shorelines, our fishermen. the fact that we have a party that is in complete denial of that subject and that it comes complete in the wake of citizens united. if you can't put those dots together, then you really can't although a story very well and that is really what is going on. >> we don't mean any of you here. [laughter] >> thank you. morning, shawhis mccutcheon spoke about the supreme court's decision in his favor. issuehink this is an about independent, private people exercising free speech. all americans are entitled to free speech. this is a first amendment guaranteed under the constitution. >> the supreme court agreed with the. if you sit back and say i want to be politically involved as if i am a person of great means and i have all these candid

waxmanize th for five minutes.nwe have heard about how 2002, jim approved the use of faulty ignition switches and cobalt's, ions and other cars. that is what cause many of the problems that led to the recall s from 2003-2007. new ignition switches were designed and approved by general motors. these were switches that were used in the model years 2008-2010. is that right? >> there is a couple of statements he made a beginning that i don't know if our true. 2002, jim approved the use of faulty ignition switches -- gm approved the use of faulty ignition switches. >> 2003 with the earliest model. in 2002.sts were done the cars were 2003-2007. so we have a recall of those cars. waxman questioning the ceo of general motors on capitol hill. the faulty ignition switch and those gym cars is the subject of this hearing. a telling lawmakers this happened on my watch so i am responsible for resolving it. we don't know why the recall took so long but we will find out. nothing that gm says it will retain ken feinberg as a consul

investors and analysts say blame it on waxman, henry waxman because his attacks on gilead., meaning michael lewis's book. you're part. news. >> i would love to say it is power of jack hough brand but i would say it is "barron's." investors know that prices are high. liz: when the messenger brings bad news in advance of bad news. your timing was very crucial and helpful if people listened to it. but that pie we showed of 560 billion ad dollars, okay, so who is, who is going to get the big chunk of that 560 billion? >> well that's, that's the big question. i think there are some companies out there than can do well. look, google has been very successful in this space for a long time but they have an ambitious stock valuation. so, you know, companies here can do well. they can grow but it doesn't mean that their shares are going to pay off for long-term investors. in the short term, investors are playing a game of musical chairs. they know the stocks are overpriced. they want to make a few bucks in the short side. david: we all know fallacy of the economy as a fixed pie becaus

waxman is talking about, did you review that? >> this page right here?ually saw this for the very first time a day ago. >> thank you. now recognize miss blackman for five minutes. >> thank you, mr. chairman. you have mentioned several times in your comments today's gm. my assumption is that you are going to run gm in a different manner than it has been run in the past. and that you are making some changes. i want to ask you just a little bit about timeline, helping us to get our hands around this because this is the first investigation we are going to do. we are going to have others and continue to look at this to get answers and figure out what has happened here between you and ntsa and what happened at gm. so you mentioned in your testimony this just came to light on your watch. so i am assuming there was no widespread knowledge in gm about this issue until you became ceo. am i correct on that. >> at the senior level of the company we learned of this after the recall decision was made on january 31st. i was aware in late december there was analysis goi

waxman. we've had a history on this committee in this subcommittee going back 40 or 50 years, when we have major issues we try to approach them on behalf of the american people in a nonpartisan very open way. and it certainly appears we're going to continue that tradition today. so i hope that we can show the best to the american people that the congress at its best gets the factses and presents the fact and in the future we protect the public health and safety for the american people. with that caveat, i have a few questions. a number of congressmen have made the point that the ignition switches didn't appear to meet specifications. and my assumption is that you've agreed that they did not meet specifications, is that correct? >> we've learned that as we did the recall. >> now, i'm an industrial engineer and i used to be a registered professional engineer, i'm not currently registered but have been in the past. why in the world would a company with the stellar reputation of general motors pu

judy waxman from the national women's law center.nk you so much. >> thank you. >>> coming up next, dr. martin luther king jr. was killed 46 years ago today. today the fight for civil rights he started has shifted but it's far from finished. ♪ no two people have the same financial goals. pnc investments works with you to understand yours and helps plan for your retirement. talk to a pnc investments financial advisor today. ♪ thoughtful combinations, artfully prepared. fancy feast elegant medleys. inspired dishes like primavera, florentine and tuscany. fancy feast. a medley of love, served daily. . >>> 46 years to the day after martin luther king jr. was killed, the civil rights fight he gave his life fighting is far from over. in many ways, the battle is even more important now than it was then. even two years after his "i have a dream" speech, dr. king called his famous dream a nightmare. in a sermon to atlanta's ebenezer bap kis church, king preached in part, i'm concerned about white poverty as much as i'm concerned about negro pov

waxman. we've had a history on this committee in this subcommittee going back 40 or 50 years, when we have major issues we try to approach them on behalf of the american people in a nonpartisan very open way. and it certainly appears we're going to continue that tradition today. so i hope that we can show the best to the american people that the congress at its best gets the factses and presents the fact and in the future we protect the public health and safety for the american people. with that caveat, i have a few questions. a number of congressmen have made the point that the ignition switches didn't appear to meet specifications. and my assumption is that you've agreed that they did not meet specifications, is that correct? >> we've learned that as we did the recall. >> now, i'm an industrial engineer and i used to be a registered professional engineer, i'm not currently registered but have been in the past. why in the world would a company with the stellar reputation of general motors pu

take vo --el legislador democrata, "henry waxman" dio a conocer los resultados de una investigacion del mercadotecni a que utilizan las compaÑias dedicadas a la comercializaci n de cigarros electronicos que podran fomentar la adiccin a la nicotina. cesar --maÑana vence el plazo para declarar impuestos, pero hay 760 millones de dolares del 2011 que aun no han sido reclamados. take vo --si usted quiere obtener un reembolso de ese aÑo, tiene que actuar rpido ya que la fecha lmite tambin es este 15 de abril... take cg #2 ---acuda a la pagina de internet: www.irs.gov --el aÑo pasado el irs audit menos del uno por ciento de las declaraciones individuales y se estima que ser menor este aÑo debido a la poca cantidad de agentes. stop open cesar ---en el pais, no cesan las tragedias perpetradas por sospechosos armados y ms familias sufren al perder a sus seres queridos en tiroteos masivos.... ---en la capital de la nacion, hoy activistas se congregaron a pedir ms control de armas. --- randy serrano nos amplia desde washington d.c.. take pkg ;06 ;12 ;38 1;07 1;15 decenas de personas protestaron es

harry waxman released a supplemental memorandum on findings from the never released gm warranty claimsit says that it announces the warranty claims database by the committee staff revealed 133 cases between june of '03 and june of 2012 where customers were actually reporting issues related to the ignition switch and some of the example that say they give, customers stating that sometimes when bumping the ignition switch area, the vehicle just shuts off. the vehicle stalls out when hitting a bump or pothole. customers stating that the vehicle died at highway speeds or when hitting bumps in the road the vehicle died four times. we're talking about very serious -- even if somebody isn't injured, events. how is it in your view that none of this came forward, the bulk of these claims are only now coming out in the last couple of years? how can that level of danger in a vehicle not come out earlier? >> having litigated against the largest companies in the united states over the 20 plus years i've been in practice, unfortunately i've never failed to be amazed by the way companies are able to

that's because when congress passed the hatch-waxman bill 30 years ago creating generic drugs, biologicsisted. >> if they could be sold, would people have access to something they don't have access to now because it's too expensive? >> just like when you use a generic drug and you have a $4 payment or $10 payment, the same thing would happen with biolojics, you'd have a much lower co-pay. >> in 2009, the federal trade commission reached a similar conclusion. competition means lower prices. he says his company is open to competition, but cautions that biosimilars cannot be approached the same way as traditional drugs. >> they're different. there's a difference in drugs and chemicals. the prevailing thought is that generics are the same and they're the same as the brand medicine. in the future world, because they're expressed in living cells, each medicine will have its own particular profile. >> that means biosimilars will never be identical to the original biologic. according to the new england journal of medicine, given the complex nature of biologics, it's unlikely a one size fits all

waxman is talking about?> i saw this for the first time a day ago. >> now recognize miss blackmon for five minutes. >> thank you, mr. chairman. miss barra, you have mentioned several times in your comments today's gm, so my assumption is that you are going to run gm in a different manner than it has been run in the past and that you are making some changes. i want to ask you just a little bit about time line, helping us to get our hands around this because this is the first investigation we're going to do. we're going to have others and continue to look at this to get answers and figure out what has happened here between you all and nhtsa and also within what happened at gm. so you mentioned in your testimony that this came to light on your watch. so i am assuming that there was no widespread knowledge in gm about this issue until you became ceo. am i correct on that? >> at the senior level of the company, we learned of this after the recall decision was made on january 31st. i was aware in late december ther

waxman, four minutes. the speaker pro tempore: the gentleman from california is recognized for four minutes. mr. waxman: i thank you for yielding to me. i want to say to my friend from vermont, a member of my committee, this is not the way to pass laws. this is not the way to correct problems. problems should be worked out through narrow fixes, in a public setting. this is a bill for an insurance company that is threatening to district in the -- what is it? delaware and a little small part a of california. so that insurance company's saying, we're going to fire these people unless you correct our problems. the republicans will not correct their problem, they want to have a big hole in the affordable care act. but you can believe the senate may fix it. but the suspension calendar should not be used for bills that have never been considered in an open hearing and that cannot be amended on the floor of the house. this bill goes far beyond a narrow, sensible fix. it says that americans who are out of this coun

you've lost them in an accident that might have been prevented had gm taken action sooner. >> henry waxman is a member of congress based in los angeles. later this morning, gm's ceo will face tough questions from a congressional subcommittee on the timing of this recall. and all of this a happening one day after -- all of this is happening after gm issued an unrelated recall of 1.3 million cars. this problem is related to the power steering on several model cars, the malibus, hhrs and pontiac g-6 models. drivers can still steer the cars. it just takes more effort and gm says that could increase the chances of an accident. >>> the transportation department has a new recall to make it easier for drivers of all light vehicles to see what's behind you. it would require rear-view cameras for all new cars, suvs and light trucks and vans. it would be phased in starting with the 2016 models. supporters say it will prevent drivers from backing up over little children. the government says every year 210 people die, about 15,000 are hurt in those kinds of accidents. >>> there is a new development in

and henry waxman is anti-showbiz.he juxtaposition has been interesting to watch. >> it's a funny colorful piece. mark, thanks so much. "new york times" magazine, we'll check it out in the new issue. the battle for california's 33rd district. mark, thanks so many up. >> thanks, willie. >>> coming up, it appears michael pineda really likes himself the pine tar. again with this. managers reacting to his second pine tar incident in as many starts. "morning joe" sports is next. ♪ vo: once upon a time there was a boy who traveled to a faraway place where castles were houses and valiant knights stood watch for the kingdom was vast and monsters lurked in the deep and the good queen showed the boy it could all be real avo: all of great britain, all in one place book on expedia before april 30th and save up to thirty percent. [ babies crying ] surprise -- your house was built on an ancient burial ground. [ ghosts moaning ] surprise -- your car needs a new transmission. [ coyote howls ] how about no more surprises? now you can g

respect waxman questioning whether or not these drugs should cost this much. >> these rare disease drugshese things developed and couldn't get it done. i think what's important to remember here, it's not necessarily the cost of the drug, it's our patient that is should be treated not getting treated. what we have committed to is making sure that all patients get treated regardless of ability to pay and in the u.s. will have programs in place allowing those patients that can't get covered to get it covered and get them treated. that's our commitment to the patients. >> so trihepton, why don't the bigger biotech companies try and go after this market as well, are you looking to partner with them at all? >> well, these programs are -- like trihepton, are rare diseases. people are trying to pull all those. we have a lot of work to do. i think many of the larger companies look at those. diseases they have never heard of and it's hard to imagine who they're going to turn into something important. that's our job, to find those and turn them into products. at this point in time, we're not planni

that report is led by illinois democrat richard durbin, and california democrat henry waxman, among aboute others that came out earlier this week. for their thoughts, should the federal government regulate e-cigarettes. we start with jed, calling -- caller: the use of electronic cigarettes, all you're doing is allowing people to smoke tobacco more often, which is really not what you're trying to do, and i believe that electronic cigarettes are excellent for smoking weed and heroin and meth. host: we will move on. here is a piece in "usa today," from craig weiss, from enjoy inc. one of the electronic cigarette makers. he says our products can help into smoking. tobacco will prematurely kill 480,000 americans this year, and e-cigarette skin -- deliver nicotine without combustion and can help into smoking. cigarette companies independent of the tobacco industry are making them obsolete -- he writes in his piece in "usa toda y." he says smokers have switched from combustion and it's harm, he says it must constrain nicotine to unsatisfying levels or bad flavors that appeal to adult cigarette u

congressman waxman still speaking there.he, barra, expected to apologize for car defect that caused 13 death. she's expected to answer questions about the faulty ignition switch and why it took decades to recall cars. we're going to bring you that testimony live as soon as it starts, as soon as members of congress wrap up their statements in front of mary bar barra. meantime investigating the scene in long island. police say the driver of a pickup truck may have crossed double yellow line colliding with chartder bus. they are trying to get them out of the windows. the bus swerved into a tree. the truckdriver pronounced dead at the scene. three people on the bus were injured. >>> the u.s. military considering a no smoking policy now. the pentagon says it wants to ban tobacco sales in supermarkets and store. defense secretary chuck hagel said it would save billions in taxpayer funds and ensure a healthier force. jennifer, this will be a very controversial decision, right? >> that's right. they seem to be very serious about it.

reporting his income and that his actual income was much higher than he was reporting to congressman waxman in that hearing. he said half a million and what he really meant was half a billion. and so the s.e.c. was aware that there was some abuse in terms of how leeman executives were counting their stock options, they are underreporting their income but they ignored that warning from a highly placed whistle blower and ignored other warnings about the company. and right up until the time this massive bomb of leverage exploded and nearly destroyed the world economy. the other interesting thing about this is here is a guy who was a c.e.o. of a company that almost destroyed the entire world. the collapse of leeman pros was an event that you just can't understate the significant of it. it triggered a series of losses that wiped out 40% of the world's wealth. that's how much money disappeared in the 2008 crash and the triggering event was lehman. here is the c.e.o. of that company who engaged in irresponsible practices for years and years and years. it's definitely happened on his watch. and he'

waxman ready? he's not here. so i will -- how many speakers do we have and how much time do we have, mr. speaker? the speaker pro tempore: the 62 eman from new york has minutes -- mr. rangel: 52? the speaker pro tempore: 62 minutes. the gentleman from indiana has 64 minutes. mr. rangel: how many speakers would you have? only have two speakers. mr. young: we have six speakers. mr. rangel: i yield to the majority. the speaker pro tempore: the gentleman from new york reserves. the gentleman from indiana. mr. young: i would like to insert into the record a letter of support for this bill from the national restaurant association. the speaker pro tempore: without objection. mr. young: i yield to the distinguished gentleman from south carolina, mr. wilson a member of the work force committee. two minutes. the speaker pro tempore: the gentleman is recognized for two minutes. mr. wilson: thank you, mr. speaker, thank you, congressman young, for yielding. i'm grateful for chairman john kline and congressman todd young for

waxman. we've had a history on this committee and this subcommittee going back at least 40 to 50 years that the when we have major issues, we try to approach them on behalf of the american people in a nonpartisan, very open way, and it certainly appears we're going to continue that tradition today, so i hope that we can show the best to the american people that the congress at its best, gets the facts, presents the facts, and does so in a way that in the future we protect the public health and safety for the american people. now, with that caveat, i do have a few questions. a number of congressmen so far have made the point that these ignition switches didn't appear to meet specifications, and my assumption is that you have agreed that they did not meet specifications. is that correct? >> we've learned that as we did the recall. >> now, i'm an industrial engineer, and i used to be a registered professional engineer. i'm not currently registered, but i have been in the past. why in the world w

waxman: thank you for yielding to me. mr. chairman, we have a choice to make. the house democratic budget and the republican's budget present very different choices about america's future. the democratic alternative promotes job growth and expands opportunity. the republican budget gives away trillions to the wealthy and special interests, while shredding the social safety net. the affordable care act is the most significant expansion of health coverage in 50 years. it ends discrimination based on pre-existing conditions. it promotes health and prevention. it improves quality and lowers costs. the republican budget repeals the affordable care act. over 10 million americans would lose coverage immediately. insurers could discriminate based on pre-existing conditions. more than eight million seniors who have saved more than $10 billion on prescription drugs and more than 32 million benefited from free preventive services would immediately see higher costs. the 129 million americans with pre-existing conditions would no longer be safe from discrimination. after th

congressman henry waxman wants every car sold in the u.s. to come with a $3 fee that would fund nhtsa's operations and increase the civil penalties the agency can levy, up to $200 million. well, joining me now, democratic senator claire mccaskill of missouri, who will chair this morning's hearing. senator, i assume you watched the house yesterday, looked at mary barra's testimony. i assume you still have questions unanswered. what's the biggest one in your mind? >> there's a number of them. the notion that there's an old gm and a new gm. it's important in the hearing to actually understand that what had happened at gm since the bankruptcy in terms of this issue, they had one of their lead engineers lie under oath last april and was confronted with the clear evidence that there had been a cover-up, and he had lied. he is still working there today. it took them almost a year to issue a recall. and that's all the new gm. so i think there's tough questions that need to be answered that she's not going to be able to avoid by just saying, "i'm wai

california congressman henry waxman, ranking member on energy and commerce retiring after 20 terms.ou count the 13 members leaving the house to run for the senate, and four who are running for other offices, it means that more than six centuries of legislative experience will be gone next year. that's on top of the six members who have already resigned and won florida's bill young who passed away last year. two other congressmen, markey and scott, left the house to serve in the senate. the point is, all these legislative chairmanships want to bail. in the senate, the story is the same. the body is losing more than 23 teams of legislative experience, 142 years of know-how. seven senators are retiring or resigning, in the case of coburn, who will leave before the second term is up. a quarter of the senate committees are losing their chairman. five committee chairs or ranking members are calling it quits. michigan's carl levin is leaving after six terms. jay rockefeller, out after five. iowa's tom harken, also leaving. south dakota's tim johnson, putting down the banking committee's po

i can assure you that chairman upton and ranking member degette and full committee ranking member waxmanchairman emeritus on the other side john dingell will get to the bottom of it. we'll -- we've got good investigative staff, and we want to know the facts, and we want to do whatever's necessary to prevent this kind of a problem from ever happening again. liz: we'll get to the bottom of this, as representative joe barton of texas. we thank you so much, i know it's a busy day. you jumped out of the testimony to come join us, we appreciate it, sir. >> yes, sir. we're going back to hear the head of nhtsa here as soon as the ceo of gm finishes, so the hearing will go on for another two hours or so. liz got it. and fox business is covering it as well. in fact, let us turn back to the hearing on capitol hill. >> at the same time, we're hearing, well, we don't know until the investigation is complete. so there's a conflict that i think is brought to bear here in terms of an an exchange that has been detailed in the last few weeks under the watch of the new general motors, today's gm. and at th

waxman was there 40 years and george miller was there -- but i will tell you something.hose were very effective legislators. you may disagree with them, but in large measure, most of those that will be leaving were real craftsman, individuals that we all learn from. and if we took those lessons -- and that is my fear -- what is less of that kind of legacy, will it suffer? or will someone else carry on? i am concerned about it. >> here is an e-mail we've gotten from gavin of syracuse, new york. how often will it happen that members of congress get together, not to talk about politics but to forge some personal relationship? would it make a difference? >> it would make a great difference. ,hen i came into the congress the other bush was president. when i came into congress, the older bush was the president. relationships were much better. and during that season while he was there, one of the things that he did -- he was in the gym with us. he exercised with the members. the connection between people makes the difference and that connection somehow got lost, somewhere betwe

this is committee chairman henry waxman questioning fuld. >> you have been able to pocket close to halflion. my question to you, a lot of people ask him is that fair for the ceo of the company that is now bankrupt to have made that kind of money? it is unimaginable to so many people. >> i would say to you, the 500 number is not accurate. i would say to you that, although it is still a large number, i think for the years you're talking about here, i believe my cash compensation was close to $60 million, which if indicated here. and i believe the amount i took out of the company over and above that, i believe, a little less than $250 million. >> your response to the last head of lehman brothers talking about his salary? >> first of all, there was a whistleblower within lehman brothers who wrote to the sec before lehman brothers collapsed, talking about how fuld had earned a significantly larger amount of money than he represented there in congress. it is quite possible if the sec had followed up on some of those complaints by that whistleblower, they might have uncovered some of the corru

waxman, thank you so much for joining us.ou heard the sort of latest backtracking by the state department. are they in damage control because of comments kerry made to the committee? >> the state democratic and white house have tried to dial back from what kerry said laying the blame at the door of the netanyahu government. >> to you that was clear what he was doing. >> i think to myself, palestinian officials and israeli officials and those around the world. months of foot drag the by the israelis, he clearly adopted the palestinian version of events and said it was up to in large part at least israel to move forward. >> why does the u.s. feel the need to now dial back comments if this was the case and this is how much of the world sees it, israel announcing more settlements, deciding not to release the palestinian prisoners as was agreed upon. >> it's a very good question and indicates the fact that secretary kerry believes that all the way to go about this is to win the cooperation of the netanyahu government and just the

now, as you know, she is new to this job and henry waxman, democrat of california who is the ranking member on this full committee, acknowledged that there was apparently a mess left for her to clean up as she takes the reins here of gm. the problem for her, of course, is that there are limitations to what she can say, perhaps limitations to what she knows. at the moment until her own company's review is completed, she appears in terms of the way she was prepared for this hearing to have some limitations. she came with a message about trying to acknowledge the suffering of victims, to apologize for that and to lay out some steps, but in terms of getting real nuts and bolts answers, that does not seem to be playing out as some members of the committee would have liked. >> all right, kelly o'donnell watching it all for us on the hill. thank you so much for that. now let's turn to jonathan allen, bloomberg news white house reporter. jonathan, it seems to me like government oversight should be something both parties can agree on here. i mean outside of gm's responsibility. is this a case

waxman. we have had a history on this committee and subcommittee going back at least 40 to 50 years when we have had major issues and tried to approach them on behalf of the american people and a dash in a nonpartisan and very open way. it appears we are going to continue that tradition today. i hope we can show the best to the american people that congress at its best gives the facts, presents the facts and does so in a way that in the future, we protect the public health and safety for the american people. with that caveat, i have a few questions. a number of congressmen so far have made -- >> you have been watching our special live coverage thereof very barat, ceo of gm before the subcommittee as this panel tries to understand why it is it took 10 years for gm to finally issued a recall, given the company has been linked to 13 deaths as a result of faulty ignition switches. 2.6 million vehicles have been recalled. we have matt miller standing by outside the hearing for some analysis. thoug

waxman, tell me the consequences of our decision today. >> your consequences -- >> do you put them out of business, or do they have to go and negotiate a license with every copyright holder? you are, in fact, telling me they are not a cable company, they are not a satellite company, so they can't go into those systems of payment. what happens then? >> the consequences really gets back to the chief justice's question, which is, if they actually provide something that is a net benefit technologically, there's no reason people won't license them content. but on the other hand, if all they have is a gimmick, then they probably will go out of business and nobody should cry a tear over that. >> once you take them out of the compulsory licensing system, they're going to have to find copyright owners, who owns james agee's pictures? who owns something that was written by -- like a french silent film in 1915? i mean, the problem is that they might want to have perfectly good things that people want to watch and they can't find out how to get permission. that is a problem that worries me and it

the bicameral task force on climate change which i lead with congressman waxman invited national security experts to share their perspective on climate change. retired marine corps brigadier general cheney is c.e.o. e. coe of the american security project founded in 2005 by former senators. they stress the climate change is not a new issue within national security circles and that the u.s. must engage the world on this issue, which of course we cannot do while we're paralyzed by false denial. retired army brigadier general gerald galloway spoke of the risk that extreme weather events pose to military installations. "when communities and instllations are unaware of their vulnerability to these events, the results can be disastrous. a fai failure to be prepared shs the focus from maintainin maintg readiness to dealing with each of these climate change impacts as they occur. both floods and increased temperatures can bring training to a halt or rea restrict critil movements." this message was echoed by john gensler who described the difficulty of maintaining our readiness particular any resp

waxman for five minutes. >> thank you, mr. chairman. i have a sad sense of deja vu sitting here today. i was part of the committee holding the ford firestone hearing in 2000. i led the committee's hearing on toyota's problems with unintended acceleration in 2010. each time, we heard about how auto manufacturers knew about potential defects and about how federal safety officials at the national highway traffic safety administration missed signals that should have alerted them to defective cars on the road. and here we are today under similar circumstances. over the last month, the full dimensions of another auto safety disaster have unfolded. general motors has recalled 2.5 million vehicles due to a defective ignition switch and the company has acknowledged that these cars have caused dozens of crashes and 13 fatalities. mr. chairman, i know the families of some of these victims are in the audience for today's hearing. i want to acknowledge them. thank them for coming. we owe it to them to find out what happened. the facts that we alread

waxman was there 40 years and george miller there, but i'm going to tell you something, those were very, legislators.e you may disagree with them. but in large measure, most of leaving werell be real craftsmen, individuals, learnedaid, that we all from. and if we took those lessons and what's left ofis that kind of legacy. will it suffer. will someone else carry on. i know that others that have house believe that there are individuals that will pick up that mantle and carry forward. concerned about it. >> here's an e-mail from gavin do you think that the lack and if so what steps would bh taken to facilitate this action? would it make a difference? >> it would make a great difference. en i came into the congress, bush was president. the older bush was the president. relationships were much better and during that season while he was there one of the things that he did, he was in the gym with us. he exercised in the gym with the members. the connection between people makes the difference. and that connection somehow got lost somewhere between the years i started and the years i finished.

environmentally orient 9 democrats, representative henry waxman of california and sheldon whitehouse of rhode island written secretary of state john kerry saying approve of the pipeline is a choice between business as usual and facing up to the reality of climate change. one democratic analyst believes re-election battles of those 11 democratic senators are not the first priority of the president. >> i don't think the administration is looking at this from a political standpoint. if they were, it would be pass it, approve it. >> reporter: some of these threatened red state dems have been spending a lot of money on ads supporting the pipeline, jon. jon: i guess there are really some other political risks for democrats if that pipeline is not built, huh? >> reporter: all you need to do is look at europe, germany for example. heavily subsidizes renewable energy. it is sold at a loss which is made up for imposing a surcharge on household electric bills. critics say it is not economic al. a lot of homeowners and electricity bill payers are protesting vehemently. those opposed to the pipel

waxman. >> thank you very much, mr. chairman. decades ago many thought head injury was serious only if a player was completely knocked out, unconscious or suffered a severe contusion. after frequent painful blows, even a young athlete could continue to play. but we now have strong indications that the effects of repeated brain trauma in sports, even those received during one's youth, can aaccumulate with consequences that are long-term debrill tating and even -- debilitating and even life-threatening. these consequences can stem from injuries once considered minor known as subconcussive blows which may not be accompanied by any immediate adverse symptoms. serious psychological and emotional disorders have been documented among former athletes that have suffered repetitive brain trauma. researchers have, a number of times found evidence of the neurodegenerative disease, cte, when examining brain tissue of dozens of deceased former nfl players. new imaging technologies have been able to show the metabolic changes in the brain assoc

waxman, tell me the consequences of our decision today. >> your consequences -- >> do you put them out of business, or do they have to go and negotiate a license with every copyright holder? you are, in fact, telling me they are not a cable company, they are not a satellite company, so they can't go into those systems of payment. what happens then? >> the consequences really gets back to the chief justice's question, which is, if they actually provide something that is a net benefit technologically, there's no reason people won't license them content. but on the other hand, if all they have is a gimmick, then they probably will go out of business and nobody should cry a tear over that. >> once you take them out of the compulsory licensing system, they're going to have to find copyright owners, who owns james agee's pictures? who owns something that was written by -- like a french silent film in 1915? i mean, the problem is that they might want to have perfectly good things that people want to watch and they can't find out how to get permission. that is a problem that worries me and it

overall sector has been weaker, but some say march 20th letter from democratic congressman harry waxmanceo of gilliad sciences for pricing a new hepatitis c treatment over $1,000 per pill has something to do with secular pricing pressure in the space. maybe a move to cap drugs in the business or just put pressure on them. >> we get reaction on that. joining us exclusively, back with us today is mylan ceo heather bresch. first, we know drugs are expensive. is there -- are they too expensive? are they going up in price too much? i know who i'm asking here, but is there a need to revisit how drugs are priced right now? >> you know, we have always been a proponent of the open market. the free market system. it's what's built this country. i don't believe price controls are the answers. what i do believe is the answer is making sure the pathway to make affordable medications on to the market. that's where mylan has spent its life fighting for that access to get affordable medicines. we see all too often we're held off to the market longer than we should be. patent challenges. so i believe th

. >> gilad, the one that started this whole thing when henry waxman and congress questioned their pricingf a drug, right? >> yeah, absolutely. the stock's come back. stock came in from what, roughly, i don't know, sub 71 from 85. stock is going higher. got a $95 target on this stock. >> okay. >> and i'll tell you, this drug that they have is a very, very -- it eradcates hep-c, pricing shouldn't be an issue. >> in the meantime -- sorry, go ahead. >> i said pricing shouldn't be an icing, kelly. >> yeah. craig, what's interesting to me about one of your picks is almost important. it has the ticker hero. i'm assuming that's just a coincidence. >> hercules offshore. what we see is we need a correction. we need, you know, it's been i guess two and a half years since we've had a 10% correction. i thought that was a long time, but i noticed there was no 10% corrections between '90 and '97, and there wasn't one between '03 and early '08, so these things can go on forever, but it appears the market is running out of buyers here, so a good correction i think would bring in a lot more buyers. there's

of the momentum investors and traders out there, and the key moment that we can look to is henry waxman'sto the ceo of gilead science which sort of gave the clue to the momentum players that congress is on -- looking for a reason to go after these guys. >> that seemed to be the major catalyst that started the sell-off. >> it's not the only one but it's a big one that's gotten the selling going here. exactly. thanks, guys. see you later. 13 minutes left in the trading session. the selling is intensifying into the close here. down 158 points on the industrial average. that's near the low of the session there and the nasdaq down 2.5%. that would roughly be a 400-point decline on the dow industrials, kelly. >> it's going to cast a pal into the weekend and into next week. in the middle of this, grub hub is one of the hottest ipos of the year. the question is whether success is a sign of a market top. the pros will weigh in. don't miss it. don't miss it. aflac. ♪ aflac, aflac, aflac! ♪ [ both sigh ] ♪ ugh! ♪ you told me he was good, dude. yeah he stinks at golf. but he was great at getting my c

waxman said in his opening statement.may sound obvious, but i think it's important we acknowledge this is a complicated issue. there's a lot of complexities to this, there's a lot we don't know about brain science, and i think we all could agree that the notion that this is a issue that merits significant investment and research is really something -- and it's beyond even concussions in sports. we've got traumatic brain injury in terms of our soldiers in the field. this is a really important issue that is complicated, and we ought to make sure we approach it in a thoughtful and comprehensive way. so, mr. chairman, thank you for scheduling this hearing today. i was going to ask mr. miller without taking too long because this is an open-ended question, but could you kind of walk us through the steps as information and research has brought more knowledge to the nfl, how's the league responded, and how have you positioned yourself on these issues to address the issues of concussions? just if you could walk us through some of

whether henry waxman was in charge or danbury ton was in charge. what louie gohmert did and i don't know all of the background of it, but they have been trying to get information on fast and fear furious for years. that looks like a regular day in 1996. >> i totally agree with you about the treatment of president clinton and janet reno. one is the right wing media and the left wing media. those loud partisan voices, they are more dominant in the town square than they were in the '90s. the balance is more geared towards them. and i think you have to respect the personal experience of the attorney general and the president and how they feel about it. i don't think you can just disregard it. >> i'm not -- >> i'm not saying you are. >> i'm not disregarding it as a white man. i'm just saying somebody with two eyes who was there in the 1990s and even if you weren't there in the '90s you could see how bill clinton and reno were treated. it looks pretty much the same. by the way, i won't even talk about the way richard nixon was treated, the way ed niese w

. >> the pushback that i'm hearing from, say, congressman waxman is that this is beginning to be an outraget to invest in a drug and spend billions of dollars if you're only going to get a couple of bucks per pill? >> the costs are up to a billion two, to a billion three. ten to 12 years to develop a drug. those risks are enormous. in fact, only about two out of ten drugs that are approved every fully recoup those costs. so we've got to invest in the future because it's incredibly risky and the solutions are going to come from our industry. and we're here to talk about those issues very frankly and openly here in washington with policymakers, government officials to make sure we've got sound public policy. and jim, i want to tell you one thing that i've observed over the last day, and i think your viewers will be interested in it. and i'm an optimist, as you know. but i really feel a little bit of a change here, from both sides of the aisle, and we've met with senators from both sides and congress people from both sides and the administration. there is a tangible feeling that people recogni