reflects very credit, continuing tight credit conditions for any borrower that doesn't have credit, youine know, credit ratings. thaty hope is that situation will ease over time. household formation has been very depressed. is that as theon labor market continues to improve, and households feel better about their financial condition, that we will see formation pick up and a somewhat stronger recovery than we've seen thus far in-housing. >> the director of the national economic committee talks to politico this morning about the economic agenda. we'll join the conversation live 8:10a.m. eastern on c-span 2. at 1:00 p.m. eastern, the armytor and chief of u.s. aviation gives an update on the army's aviation restructure plan. that event from the center for strategic and aternational studies 1:00 p.m. on c-span 2. secretary of state john kerry and the ang goa lan foreign minister spoke with mortgagessers wednesday after meeting. >> it a great pleasure for me to chikotiforeign minister here in washington, and very opportunityate the to reciprocate the foreign minister's generous welcome to i was

napolitano letter job, one of the discussions we had with her was how you balance responding to yet youin a way, and realize the society and the strength is running normally, and not being believed -- being bullied. or it into the broader issue how you look at the whole swaths of your jobs. do you create a healthy balance? there are people that only think about the problems. interesting that tony abbott told everyone what you can do is to continue to go out and live your life normally. it is holiday time, enjoy. how much of that becomes your discussion internally? does that ever affect the decision you make as to whether you announce or not? >> you have to do that to make sense and be safe. in favore have evolved of giving more information in responsibly. there is to challenges. one is strategic that you just mentioned, and day to day dealing with the crises that come up of invariably. challenge.y tough i face it and assume fran did and making sure you are taking the steps you need to to respond and notdividual crisis losing the strategic focus because you will need that when you need to