Lawmakers for a second day. Yang yang looks into what goes into a recall. Justicesart reports have struck down overall limits on campaign contributions. What are they . These are what are known as aggregate limits. It is not the more wellknown limits on the amount you can get to a particular candidate or party. But there are other limits that were designed to supplement to those that say you cannot him, for example, more than 23,000 dollars total to individual candidates and the party in an election cycle. Those have been struck down so people now will be able to give more money to a variety of candidates and party committees. 1970 six ruling allows limits on contributions to individual candidates. What do we make of the fact that the court had a chance to overturn that ruling but chose not to . Probably not too much. It was in the realm of what could have happened in this case. But the majority said we dont need to go there to decide this case. Ofef Justice Robert is sort the swing vote determining how far the court would go. Who oftens a justice says i only want to go as far as i need to, in this case, it would have been a big surprise if the judge had overturned that big precedent. What was the breakdown . Breakdown we have seen before in many types of cases, certainly in for in campaignfinance. Thomas, roberts in the majority. It is the same breakdown we had in the Citizens United ruling a few years ago. Justice breyer, correct me if took the not so much unusual step of reading part of his dissent from the bench. He was not too thrilled with todays ruling. He was not. He went after it in very strong terms. He said this court had left all efforts to control the influence of money in politics as a mere remnant of what had been intended to be. He said the Court Created a big loophole that will let people give a whole give money to a whole lot of different places knowing that it will be funneled to a particular candidate. Termsressed in as strong as he could have that the court stepped in something that it had no right to be in. What is the impact of todays ruling likely to be . Cycle,he last election there was Something Like 1200 people who bumped up against the limit that was in place. It was 117,000 in the last cycle. It is not a huge number of people. It does impact other avenues there has been a lot of coverage on. The Koch Brothers had been sending money to super Political Action committees and politicallyminded nonprofits. That is not affected. This affects people giving money directly to candidates, directly to parties. It will let wealthy people do more of that sort of stuff. Ceo mary barrars faced a second round of tough questioning on capitol hill today. This time, it was the senate with lawmakers pushing hard to get answers out of barra. Matt miller is back on the hill. What has it been like . Day 2 was a lot tougher for mary barra. Although she had the experience of day 1 under her belt. Wererday, the congressmen really asking her a lot of questions and expected to get answers. She wasnt forthcoming on most of the questions. Senators spent most of their time admonishing her, not really giving her much time to answer. Listen to this exchange. I want to know what investigation again after that deposition. That is part of the investigation so you dont know whether anything happened. I dont have the complete fax to share with you today. That is incredibly frustrating to me that you would not have a simple timeline of what happened once you got that knowledge. Werelot of the senators saying, listen, you have had two months to go through all of the data. You had two months since you found out to figure out why this mistake happened and persisted for so long. And you had two months to come here with answers and tell us. And she just hasnt done any of that. She constantly refers to the Ongoing Investigation which seems to be the new mantra for saying i dont want to tell you. You just say there is an Ongoing Investigation. The same excuse was used often, itsough not as often, by officials that came before the commission. Very interesting when we heard generaltor asked scoville about a criminal investigation. He was not forthcoming on that investigation although he would not deny it. As you werenvolved, in toyota, in a criminal investigation of gm . Confirm or i cannot deny that a criminal investigation is underway. Obviously, we all thought about General Motors and we heard about the criminal fine passed down for toyota. Now it looks like General Motors may be in the running for that as well. I guess it is the 64,000 keepson where ms. Barra saying that there is an Ongoing Investigation. Why doesnt Congress Wait for this investigation to be completed before calling her to the hill . That is a good question. The families of a lot of the victims were here yesterday and a lot of the calmest men and senators were active today and yesterday in the questioning. They were doing press conferences with the family. And a lot of them using props and catchphrases that we heard pop up over and over and over again. A lot of it definitely for political reasons. And marylike ntse barra, they want to get to the bottom of this issue and prevent it from happening again. The question that has persisted in these gm hearings is why it took a decade for the carmaker to recall all those flawed cars. So how should it work . Yang yang is in washington with the mechanics of a recall. Good afternoon. Here are a. Couple of kinds of recalls. One kind comes from a ntse investigation, uninfluenced recall. Then you have recalls voluntarily initiated by the automakers and selves. That ihe second type want to focus on. A potential safety defect is noticed, either through a Critical Mass of customer complaints or through a discovery made i the manufacturer in a routine checkup, a team of engineers will investigate the issue. They will do a series of simulations and test runs to did term and whether the defects create an unreasonable safety risk. If they do identify such a risk, they have five days to notify safety regulators. Panel of senior engineers gathered to make a recommendation on how to move forward. And if they can, how to fix the problem. To the ceo who will make an up or down call. Far, it getting this will almost always be a call to act. They then give a heads up to the dealership and then track notification letters with the help of ntse and send those out to all identified car owners. It is up to the manufacturer to make the fixes in a reasonable manner and time frame under the watchful eyes of safe he regulators and those could take months to do all of this. 10 years is not considered to be an acceptable time frame. Thank you so much. Coming up, more on the u. S. Supreme Court Finance campaign ruling Campaign Finance ruling. Todays 54 vote is the courts biggest Campaign Finance ruling since the 2010 Citizens United decision. Joining me now with reaction is doug holtzeakin. Guinness,ngton, miami the president for the committee for responsible federal budget. Doug, let me start with you. Strikingreyer said down aggregate limits on Overall Campaign contributions had eviscerated our nations Campaign Finance laws. Decision corrupt what Justice Breyer called the political integrity of our Governmental Institution . I dont think so. The Supreme Court has made the point quite clearly really that money is voice. People can now support as many candidates as they want and as many Party Organizations as they want. That makes it more likely that the money will flow into those transparent to demented sources and listen to other places. Maja, money is voice to be sure, but whose voice . I guess i have to agree with Justice Breyer that this isnt the main decision that has really corrupted our political financing system. But it is another addition to it where, bottom line, we have too much money flowing into politics. I dont think it is the same as free speech. I think it is similar to bribery. Moneywhy you cant give to someone who pulls you over when you get a speeding ticket. The amount of money in our political system is corrupt and is corrosive. While i understand the precedent for this ruling, i think it is the oval office that is in big trouble. The system has been in trouble. When the president in 2008 didnt take the Public Financing that gave him unlimited amounts of public money, that was the end of Public Financing as we knew it. Citizens united and this has made clear what money can do outside of that Public Financing. We are at ground zero in trying to figure out how to do this Going Forward. But todays decision, doesnt mean effectively that only the wealthiest americans have a voice . I dont think so. It is clearly the case that people have been able to contribute for a long time. They were just limiting the number of candidates and Party Organizations that they could support. Why should youd do that . If you have the money to support five different people running for office, that should be a reasonable thing. Lets move on quickly to health care. President obama announced that more than 7 million americans had signed up for health care under the Affordable Care act. Do you think they reached the that 7 million . I was unsure whether they would reach it or not. I was some price i was somewhat surprised that they were able to. But the focus on these benchmarks in the immediate term will not be the more important issues on how this whole Health Care Reform works. It is a huge political issue in this midterm election. But the real questions even stretch out beyond that. What are these changes going to do to control health care costs, expand coverage, and improve quality . The jury is still out. We are looking at these benchmarks and because the bringing out of this was such a fiasco, they are very important. But we still have to look down the road. What will will this play in reforming the Health Care System . Thehe fiasco aside, president said jokingly yesterday that it was a fiasco rolling out. But the governor of louisiana offered an alternative to the Affordable Care act. His plan would create a one billion dollar Grant Program that states could access if they create insurance reforms to control costs. Is that a credible alternative . Certainly. If you roll the clock back to the start of this debate, both sides recognize you had to do two things. Cover more people and get the healthcare spending under control. So far, the Affordable Care act has noticed sermon all impact on the latter. Medicaid reforms and the limitation of is it too soon to see whether there would be a discernible impact . This thing is still in the cradle for all intents and purposes. This is just the beginning of Health Care Reform. But the early signs are not good. There were pretty big demonstration projects for medical homes and coordinated care and medical savings in the medicare program. They are 03 on these. We need to try something else. We will conclude this segment but we will have both of you back. We have more to talk about. One of the things we will discuss Going Forward is taking a look at politics, midterms 2014. The gift that keeps on giving. Lets continue our discussion with doug holtzeakin andmaya mcginnis. Lets discuss tax reform. Back in february, dave camp put out a plan that reduced tax rates and cut deductions, exclusions and credits. But even Speaker Boehner wasnt impressed. Was it at least a good start in point . Absolutely. It was a terrific starting point. When clinical folks respond badly on both sides, it is because something is real. Tax reform is in desperate need of a major overhaul. He got into the specifics. The way we will get into tax reform is to broaden the tax base 1. 23 billion a year. Changereform, repeal, those, and hes had come up with a lot of money that can be used to bring rate is down, both on the corporate and the individual side that helps to grow the economy. And should be used to help reduce the deficit and bring the debt down. Chairman camp was willing to talk about those tax rates, which is a third rail for many people. It is an absolutely great starting point and we need people in the country to continue working on tax reform. What we have now is not good for anybody and not good for the economy. It was a starting point. Too many interpreted this as it is this or nothing. He did exactly the right thing and broadening the base, lowering the rates, and there are things in there that are politically uncomfortable, but that is what you do. Why was it barely mentioned yesterday in chairman reince budget . Two reasons. Number one, budgets dont have a lot of details. They are frameworks in which you fill in legislative details. Two, the Budget Committee is not going to tell the ways and Means Committee with the budget looks like. On herether point going is that, in terms of politics, it is an election year, just like every other year, where all kurds disappears. You have it where all courage disappears. You have people not willing to discuss the Home Mortgage deduction, which you need to do. Theyou willing to Reform Health care exclusion which we need to do . We have to tackle them. We will actually include the industries by reforming those tax breaks. Lets talk numbers. What did they look like for nondefense spending . In chairman ryans budget, the nondefense spending numbers, the is mastic discretionary comes debt the domestic discretionary comes down to record lows. These documents are political documents. The same would be true of the Senate Budget because the senate is not doing a budget which is unfortunate. But look at where the budget is realistic. The amount of nondiscretionary spending is so low that, even though folks who were supporting it, would not become fumble with it. I dont think those number be comfortable with it. I dont think those numbers are sustainable. Social security reform, where is that in all of this . What do we need to do to achieve solvency . You can do any number of ways. Maya has had some great plans over the years. All we need is president ial leadership. The sooner the better. Its not going to happen this year. But they are really hurting people who depend on the program by delaying. The plan is to cut back on the five percent in 20 years. That is a terrible plan. Ground. Vered a lot of the budget goes by in lightspeed. Thank you so much. 26 past the hour. Bluebirds on the market. Bloomberg is on the markets. Lets get you caught up. Little bit of steam to the downside. P relatively flat. A couple of individual movers we want to highlight for you is verizon. Fios quantum tv brand. It allows users to record 12 programs at the same time and the subscription costs 22 a month. Also check out alcoa. Analysts not so bullish on the stock, calling it overpriced after significant price declines in aluminum. Back in 30 minutes. Welcome back to the second halfhour of bottom line. Chile werenings for lifted after an 8. 2 earthquake struck the south american nations northern coast. Six people were crushed to death or suffered fatal heart attacks that is a remarkably low toll for such a shift in the earths crust factory orders rose in february, the most in five months. Rebound ineflected a orders for commercial aircraft and autos. Orders had fallen for two consecutive months before rebounding in february. But demand for core capital goods considered a good guide to Business Investment plans fell 1. 4 . 2. 2 apartment rents rose in the First Quarter of 2014. Climbed. Es inc. Says from rice that rents average 1089 a month, up from 1055 a year ago. The vacancy rate fell to 4 , the lowest from 2001. Barry diller is the biggest backward aerial, the streaming tv service being sued by the broadcast networks because it retransmits the Network Signal to customers for less than telling dollars a month without paying the networks for the privilege. The u. S. Supreme court will hear arguments on the case in a few weeks. Dillerhatzker asked mr. What the Court Decision will meet for ariel. It is very possible that there is some salvage. I say will probably probably because i can see any password. It probably would not be able to continue in business. Why is that . You would be ruled a multivideo programming distributor. Could you not compete for content with Cable Companies . We could probably pay retransmission consent dollars if we could make a deal with broadcasters. But the Value Proposition would go out of the game. Aereo is a lowcost method of receiving onair broadcasting. That is the broadcast that is the. Platform. And toldng to compete our business and go to the parts of United States where we are not currently in. We are only in 14, 16, 17 cities. We would be in any urban city, certainly top 30, 40 markets. This is an effort to reach what you believe to be the Addressable Market of a herd of at the most, a third. I think there a