Will take up a temporary spending measure. We are not sure when. That will have to go through the rules committee. Look for house coverage tomorrow on 10 00 a. M. On at 10 00 a. M. Eastern. The house today passed a measure that would allow states to exclude organizations like planned parenthood and other organizations that perform abortions from state medicaid funding. The white house has issued a veto threat on that legislation, no word on whether the senate will take that out. The issue of planned parenthood came before a link the hearing before the House Oversight link the hearing before the House Oversight committee. Parenthood president is Cecile Richards. She testified today. Here is the headline today. Planned parenthood chief goes headtohead with gop in an emotional hearing. Writes that the president insisted the organization had not broken the law, and the accusation it faced after embarrassing video that showed executors nonchalantly discussing fetal tissue discussions. She f
time to return this capital to shareholders. right now that stock is at about $12 a share. spain s prime minister is defending the country s request for $15 billion in aid from its troubled bank. vowing to overhaul the country s banking system. we ll have more from london in a moment. but first let s get to washington where andrew is standing by. let s walk through what we ll see today. jamie dimon will be delivering his testimony to the senate banking committee. that s going to come at 10 a.m. eastern time. he s going to be trying to explain how the firm s now infamous trading positions went wrong. we have a bit of the testimony in advance. let s go through it and walk through exactly what he may be saying. he s already put out he ll be saying in december 2011 as part of a firm-wide effort in anticipation of new basel capital requirements we instructed cio to reduce risk-weighted assets and associated risk. to achieve this in this synthetic credit portfolio. they could
barack obama. my interest is not to vilify one person, institution or industry. my job is to ensure that consumers and a larger, they are protected from worst the speculation. several ceos had to phone in, their flights canceled by the fog. it is certainly not for lack of effort. i know. they insisted that they do what they can to protect their financial obligations. we are in this together. the bankers are not surprised by the public response. we get the same letters from small business owners who want more availability to credit. there is a big gap between what i am hearing in the white house and the activities of lobbyists on behalf of these institutions andssociations up on capitol hill. of the president wants the ceos to become more creative, but no one thinks it is a good time to bring back big wall street bonuses. citigroup ceos did not attend today. some people suspect that the company does not want to be subject to the executive compensation caps im