Make is that also critical to dealing with these set of enduring challenges is the continued economic and technological leadership of the United States, which as former secretary gates and others have said, is National Security imperative for us. Now i would like to talk a little bit about the relationship between intelligence and National Security. We always say its the first line of defense. This time going forward, we really do mean it. The benefits that it gives us is it informs our National Security policy. If youre the president and top advisers and trying to make sense of this wide array of challenges, intelligence is the first thing you need to have to understand the world in which youre dealing with. Then for our operators and war fighters, our intelligence capabilities enable what we call Intelligence Driven precision operation. When directed by the president , the Intelligence Community provides additional options in between diplomacy and the overt use of military force. The
One of the things i would like to leave you with is the tremendous change thats taken place in our intelligence capabilities over the past decade, and even greater change that we foresee looking forward. One of the aspects of this is the revolutionary impact Precision Targeting has had across our intelligence enterprise, whether its in Counterterrorism Operations, whether its in cyber operations, or classic human intelligence and espionage. To illustrate this, i would like to tell a joke that my former boss, secretary bob gates used to love to tell about the old way we did business. Many, many years ago, supposedly, an Intelligence Officer was working in a foreign capital at a diplomatic cocktail party, trolling the Diplomatic Service as we often do, looking for hard targets and unfortunately this officer had a little too much to drink. So his mission attention wandered a little bit towards more amorous pursuits. Across the room, he spotted what he saw was a vision of loveliness in a f
Director cordray, the cfpb has now been up and running for almost three years. What do you consider to be the most significant accomplishment of the bureau since 2011 and looking forward, what actions can we expect either the bureau out of the bureau over the next three months co thank you, mr. Chairman. Its a broad question. First of all, the challenge of building a federal agency from scratch has been significant. Weve had some growing pains and weve been working through those. But at the same time, weve gone from zero employees to now close to 1400 employees. People who are very dedicated to protecting consumers and seeing that they are treated fairly. They are doing marvelous work. The mortgage rules we put in place that congress put such a high priority on, had been very significant. Thats a single biggest Consumer Financial market. The enforcement activity that weve had to ensure that institutions understand that people need to be treated fairly and money will go back to peoples
Desperately needed. We were happy to do that. I think the record the record will stay open for 14 days for questions and comments. I want to thank the full panel here, especially mayor nevarre, via teleconference. Youre here, which is good. We appreciate that. Especially because youre dealing with a real live issue on the ground. We thank the panel here and thank you for your written testimony, theres a lot of suggestions that you placed in there that will examine. This committee that deals with emergency disaster first responders, fema and others, this is an important issue and i have a feeling as you described very well, mr. Hubbard, that the summer is just beginning and were already seeing a lot of issues. Thank you all very much. The meeting is adjourned and record will be open for 14 days. Thank you. On the next washington journal well focus on president obamas threecountry, fourday trip to europe. Our guest is stephen szabo. And well mark the 70th anniversary of dday from the wor
Institutions subcommittee will get underway with a hearing that will look at the impact of high student Loan Interest rates and debt and the impact on the economy. Among those testifying today, the Financial Aid director a washington dc teacher will testify and others as well. At the subcommittees chairman will introduce legislation that would allow individuals without Student Loans to refinance at a lower Interest Rate being offered to new borrowers. This comes as fox business reports the numbers are startling. 1. 11 trillion in Student Loans outstanding. Of two toulon hearings we are covering today on the cspan network. The Senate Budget Committee Debt and you can call that getting underway right about now online at cspan. Org. Thank you all for joining us. One decade ago, we begin to see the warning signs of problems in the housing market. A few years later, we watched accommodation of wall street greed and attentive regulators inattentive regulators helping to destroy our economy.