after that, a news conference with secretary of state hillary clinton and british foreign minister william hague. >> this week, and our guest is historian joyce appleby, author of new book "the relentless revolution." >> joyce appleby, why did you call the book on the history of capitalism?" >> that is what the history of capitalism has been, one revolution in workplaces, areas of profit, productive centers -- one revolution after another. one economist said it well, capitalism is about creative disruption we get all the new technology but sometimes we get to the messy part. every invention that succeeds white south its predecessor, and this may change where people work and what skills they have to have. it never stops. as we know, having lived for 2008 and 2009, we now realize that this was not out of nowhere but that is what it seemed like that is a part of it that is a revolution going from boom time to burst bubble. >> the fine capitalism. >> a system in which private individuals take initiative with their own capital usually to enhance production or produce something that they can sell in t

at the state department, william hague and secretary clinton reaffirmed the close ties between the two allies. margaret warner talked with hague this afternoon at the british embassy. >> warner: foreign secretary, thank you for joining us. >> it's a pleasure. >> warner: as you just said in the press conference with secretary clinton, it has been an extraordinary week in british politics. you were in the thick of it. you were the lead negotiator. what tipped the balance? what made you decide to go into this coalition than govern alone? >> we wanted to have a secure government that could last, we hope, for a good five years to the next general election, and if we had governed as a mean ort that would have been a very unstable arrangement, probably led to another election very quickly, and we found we could combine socially liberal conservatives with economically conservative liberals into a coalition, which we hope will be a great success. >> warner: this is the first coalition government britain's had since world war ii. >> that's right. >> warner: since the churchill cabinet. what kept

next, a news conference with secretary of state hillary clinton and british foreign secretary william hague. and then john thune speaks to republicans say leaders. political roundtable on the midterm elections after that. tomorrow, a senate homeland security hearing on the gulf coast spill and clean up after a spirited committee will hear from homeland security secretary gen and a polish town of and bp america president. that is live tomorrow starting at 2:30 p.m. eastern on c-span. >> defending the united states in cyber attacks, monday, homeland security undersecretary on the department's work with the pentagon and white house and the role of private networks in cyber security. "the communicator's" on c-span2. >> and not to the state department or secretary of state hillary clinton held a joint news conference on friday but britain's foreign secretary william hague after the formation of the country's new government. they talk about iraq and afghanistan and the longstanding alliance between the u.s. in the u.k. -- and the u.k. this is about 25 minutes. >> i was pleased to host him when he

then a press conference with hillary clinton and william hague.the senate returns tomorrow to continue work on the financial regulation bill. votes on several amendments are scheduled to get under way at 5:30 p.m. eastern. harry reid should file the closing debate and passage could follow later in the week. the house returns to debate several bills said 6:30 p.m. eastern on tuesday. they plan to return to legislation to reauthorize science and technology programs. it extends tax credits for unemployment benefits

what i wanted to ask you and i watched the press conference with william hague and secretary clinton yesterday, it is a coalition that's the first time since the second world war. and you had thetories and lib dems. and right up until thursday when they met in down street gardens, the parties base are very different. you've got the conservatives who are very anti euro running rife throughout the conservative party and then you've got the lib dems and nick clage later himself calls himself a human rights pean not british. so i'm wondering in cabinet discussions how they're going to get over that. and i noted when obama went to cameron he asked for a full briefing on what this skepticism is. and i'm just wondering how that's going to pan out. caller: that's a very interesting question and a very, very good question as well. you're absolutely right. there is a tremendous divide in this new coalition on european issues. the conservative party is skeptic. they are against any further european integration within the european union. they also believe in repatetration from bruzzles back to l

the liberal democrats had nothing to say -- william hague stop on the steps and made this statement.he detail of these negotiations now. we are conscious of the need to provide the country with a new, stable, a legitimate government as soon as possible. the meetings we had were both very constructive and positive and very respectful of each other's positions and the nature of those meetings. we are going into these negotiations very much in that spirit today. >> you heard william hague there use the words constructive and positive. we have been hearing similar language from nick clegg this morning. some say that compromise is the watchword and that the conservatives need to compromise a bit more. >> they will have to move from the position they have been in. there are various things would have not really moved more than marginally. they have not committed themselves to any substantial view on the ferryboats agenda. they have not agreed to make the house of lords elected. >> gordon brown is back home today in scotland. he chose to attend church this morning. >> will you resign? >> the

>> britain's new foreign minister, william hague, is in washington on his first overseas trip.met with hillary clinton today. the held this joint press conference. it is 25 minutes. -- they held this joint press conference. it is 25 minutes. >> good afternoon. i am delighted to welcome foreign secretary william hague here to the state department on his first overseas trip in his new position. i was pleased to host him when he was in his shadow staged some months ago -- stage some months ago. this is not the first time we have had the opportunity for a substantive discussion about a broad range of important matters. the election of a new government in the united kingdom and the smooth transfer of power this week or two powerful symbols of the enduring democratic traditions that our nation's share. we are very intrigued by and will follow closely the latest incarnation of this long, democratic tradition. we're reminded that our common values are the foundation of a historic alliance that really undergirds our common aspirations and concerns. the obama administration looks forward

the board then william hague and his colleague had to walk along what was becoming an extremely crowdedhitehall by now, running the gauntlet of reporters and the general public. around 8:00, david cameron followed for brown to the palace and the queen asked him to form the latest government. but as he arrived back in downing street, still no details of the deal. and when liberal democrats and conservatives met tonight, one of the negotiators suggested all was not yet quite in place. >> they need to look very carefully to what has been discussed and it will make a decision about what happens next. >> ultimately there seem to be little doubt that the liberal democrat bodies would except the conservative proposal. >> michael crick is in downing street now. you thought that nick clegg would be deputy prime minister. >> that has been confirmed. nick clegg will be the deputy prime minister. we're also being told that there will be four other cabinet posts for liberal democrats. now we can guess at his they might be. all the speculation that one would be george osborn's deputy as chief secreta