Despite little evidence to support that. Too often theyve been unable or unwilling to grapple with the reality of those whose lives the law has forever change for the better. On the other side of the aisle we mostly democrats have often shied away from acknowledging some of the laws weaknesses. I know many of my colleagues have been eager and have offered fixes to the law but willing republican partners, we havent made enough progress. Mr. President , as ive spent time in my home state of delaware in recent months listening to families and other folks whove been affected by the law for better or for worse, its become clear to me that this stalemate is unsustainable. On many days ive met delawareans who love the Affordable Care act whose lyes haveliveshave literally been saved by it. But inbetween those encounters, ive also met many Small Business owners in particular who want to offer Health Insurance to their workers and are struggling to afford it. This much has become clear to me me
The Financial Regulation reporter from bloomberg. And the politico Financial Services reporter. Chairman hensarling president obama has proposed a big tax on banks as part of his reform. What are your thoughts on that . Is that the right approach . I hardly agree that a tax increase is a tax reform. It has nothing to do with that. This is just the next chapter of obamanomics. I say the next chapter but this goes back to the 2010 chapter of obamanomics. He has proposed this tax or fee in the past. Then it was the rationale was punitive. Today, the rationale is to make our markets supposedly less risky. I guess i would ask the question what. Frank was all about . Is this a tacit admission that doddfrank has failed . As i understand it, all the firms that the president would apply this tax to could all be designated too big to fail. They could be functionally controlled by the federal government. They can have enhanced capital standards. You look at the volker rule, the derivatives title.
Congress. Mike mccaul joins me live on why hes pushing this legislation now. Keeping innovation inside of america so that we can be the primary benefactors. Highlights with mike soft cofounder bill gates on that and more as we look ahead on sunday morning futures. Well analysts said he would be defiant and the president did not disappoint. He laid out a bold liberal agenda and threatened to veto any legislation that reached his desk that did t not meet those standards. What can we expect over the next two years . Richard shelby, chairman of the banking committee, joining me now. Glad to have you on the program. Good morning maria. What are the tax proposals in the state of the union last week . I wasnt surprised. Hes been proposing since hes been president. Now hes in his seventh year beginning. I think well see more and more. He lost the majority in the house and now lost the majority he had in the senate. We have a Republican Congress. So i think a lot of his proposals, one we heard
New economic policies are just a starting point. Alexis tsipras got praise for a fourmonth extension of the bailouts, but the central bank and others say actions speak louder than words. The head of the euro finance minister groups says greece has a turn those actions into those words into actions. It has to be happening in the next weeks or months, then there might be new money available. The question is what should we do with what has not been decided yet . Olivia imf chief Christine Lagarde says the greek proposals do not offer assurances of those reforms will happen. Brendan ukraine has shifted to a diplomatic front. Paris russia, ukraine clash over who is violating the ceasefire. The government says overnight rebels attacked Government Troops in the area near the port of mariupol. The veteran who killed chris kyle has been found guilty of murder. A jury rejected Eddie Ray Rouths insanity plea. The judge has sentenced routh to life in prison without parole. Kyle was a former navy s
Them at next, newsmakers with ohio senator sherrod brown. Then we will show you some of the Senate Floor Debate on Loretta Lynch and her nomination to be the next attorney general. After that, Hillary Clinton in new hampshire. Host this week on newsmakers we want to welcome sherrod brown, democrat of ohio, in studio with us. We also have two reporters Chuck Babington and siobhan hughes. Reporter trade is a big issue this week. I know you have a lot problems with the bill. It is starting to move in the house. Im wondering what you think the chances are in the process is of somehow stopping or modifying fasttrack on the senate floor. Sen. Brown earlier in the week, we made some improvements in fasttrack. It is not nearly good enough. We actually passed an amendment to eliminate loopholes that some companies have used to engage in child they labor in africa. That was a loophole that was around for 75 years. We were successful in some strong enforcement language to level the playing field,