Legacy is finally taking shape. The economy is getting better. Nine in 10 americans now have health coverage. [applause] today, thanks to obamacare, you no longer have to worry about losing your insurance if you lose your job. You are welcome, senate democrats. Host it was another night of good natured comedy in the nations capital. Politicians and celebrities all under one roof. Another white house Correspondents Dinner is now history, but the question remains, is this good for the process in washington, or is this relationship to cozy . We want to get your thoughts this morning. Your view of the beltway culture. What do you think . Republicans call 202 7488001. Democrats, 202 7488000. Independents, 202 7458002. What is your view of the beltway culture. If not by phone, you can post a comment on facebook, www. Facebook. Com cspan. Patrick gavin has some strong thoughts. The nerd prom which is what they call this in some places is a mess. He writes that something has to change, nonethe
One issue is even if there are no abuses the industry cannot handle having a best interest standard applied to these recommendations. Thats what the dol is doing. Its almost the standard that is applied to broker dealers under the suitability standard. The recommendation must be consistent and you look under the hood and it turns out these are some of the worst violations that you can find. In one case the court said this was egregious misconduct. These are cases if many if not most broker deals. The unsuitable recommendations are accompanied by other Violations Including failure to supervise, churning, misrepresentations or omissions and unauthorized trading. The suitability standard works. Lets not make believe that its actually serving clients best interest. Youve said the current rules support a race to the bottom. Why do you think they support a race to the bottom currently . I think hearing the panelist discuss all the legalese involved here its a well documented fact that its ve
Higher today. Nike, a familiar name we all know. A lot of people know the bags, theyre actually selling it off to the Apex Partners 570 million. They raised their quarterly dividend. Back to you. Dagen thank you so much, nicole. Beginning negotiating ways to avoid the fiscal cliff. Time is not on their side, were joined by congressman from both sides of the aisle, from colorado and equally fine wisconsin represented by democrats. Good to see you. To you first, there is discussion of stories in the wall street journal today about change to be sequestered to get rid of it and instead of that, put in place spending cuts and tax increases getting us six months into the middle of next year. I want to hear from both of you. You agree with a temporary measure to avoid the Big Decisions that need to be made. The answer to the fiscal cliff reaching a longterm deficit deal, now we need to let the political dust settle. There is a way to listen together and find some common ground. 80 ceos gave t
Randy president obama took off for asia on his first overseas trip since winning reelection. Attending a summit in cambodia and stopping in myanmar where he will meet Opposition Leader and fellow nobel laureate. I think we are one step short of an all out ground operation in gaza. Israel, and deadly attacks on hamas. The president is trying to make peace with Congressional Republicans at home. They have until december 31st to compromise on tax cuts and spending. Or risk taking the nation over the fiscal cliff that could imperil the economy. Meanwhile, law makers are waging partisan battles over u. N. Ambassador susan wright. Whether it makes her unfit to serve as secretary of state. Hearings, brought David Petraeus out of seclusion. He wasnt talking about the sex scandal that is sending shock waves through the capital. For the president , post election trip, but no vocation after a busy week. Brian mohr, nbc news, washington. In the bay area, a storm headed our way. Right now. For the
Creative way to pass the time as they waited for their power to be restored. Live and in hd, this is good morning, washington, on your side. A catchy little tune. It is coming. 5 01 right now. I am steve chenevey. I am cynne simpson. This is not whether where you want to be without power. We are sending we will never ever ever warm up again. One of the big differences in the headlines is it is a cloudy start today. We have mark cloud cover. A set of that today will look alike as today. We will see some sunny breaks. This dry spell is going to last at least into the early part of the weekend before we start to see changes. We have 42. In national. Clouds are a little warmer although we are only a couple of degrees warmer than yesterday morning. A chilly 28 in martinsburg. Warmer towards the bait with 42 in annapolis. We should tap of around 51 in the district. Clearing skies late this morning. Otherwise more clouds than anything else. We are going to check on traffic. Another look at 27