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Good afternoon, everybody. Thank you for joining us as we roll out the fy 2017 Defense Budget. The Defense Budget request totals 523. 9 billion in discretionary funding for our billion in and 58. 8 overseas Contingency Operations for a total of 582 billion. That sustains the National Defense strategy and the figures conform to the budget levels found in the bipartisan budget agreement. When building this program that informs the budget that we are going to talk to you about today , secretary car...

Your specific term. I just want to say this, that the word institutionalization, for these programs, is not one that weve started talking about as a community, say, in the last six months. Under the leadership of the agac, the attorney generals advisory committee, our first chairman was todd jones who had been a former u. S. Attorney in the late 1990s. He came back he said he is a recidivist came back as u. S. Attorney again starting in 2008. Todd preached from day one in institutionalization. P...

Typically theyll get a gain an Incentive Fee on the 20 percent but not in the subsequent where were well into the next year until theyre back to where they were at the prior point and okay. So in essence their losses will offset their gain. Thats correct. One by one. Not everyone at the same time. The majority have my water marks. The claw back you get our money back if they lose money thats not the case here it is subsequent gains youre not paying an Incentive Fee. If they go out of business yo...

Happening we talked about the currency overlay it wasnt the same level of oh, i made a mistake i want to communicate fully those kinds of habits go a long way to get truth for the people that have the capital i want to discuss some of the comments by the unions that represent the members this was by terry that we have to trust the exerts let me give you a quote from jfk from the bay of pigs how could i have been so foolish to trust the experts we almost went to uniquely last year war so you tell...

The thing is my pension is guaranteed by the city not by the funding ratio the supplemental cola will do that but the city backs the promises in the charter i believe thats true of every City Employee a member of the system were trying to do something to knock out the drawdowns that occurred in 2008, and 2002 when we dropped blood two periods the discussion about the model of selection of managers it is one important document we must do we control that we must obsolete on and develop thats the g...

The next year until theyre back to where they were at the prior point and okay. So in essence their losses will offset their gain. Thats correct. One by one. Not everyone at the same time. The majority have my water marks. The claw back you get our money back if they lose money thats not the case here it is subsequent gains youre not paying an incentive fee. If they go out of business your toast. Thats true. Were truly sorry you lost 95 percent of our money but not sorry enough to give back the ...

Lawsuits against them. And surveillance something we have not talked about a lot. And how the information shows up in cases, and construction and how do you find out if they are maxing it in other ways. So two things i hope that could be addressed a little bit. So i think that the next Fourth Amendment in Technology Issue that is likely to get to the Supreme Court is Fourth Amendment protection for cell site data and records that Cell Phone Companies are keeping about where the phones are locate...

See a is a manager has a 20 percent angina this year and next year 20 percent loss will that manager get a percent gain. Typically theyll get a gain an Incentive Fee on the 20 percent but not in the subsequent where were well into the next year until theyre back to where they were at the prior point and okay. So in essence their losses will offset their gain. Thats correct. One by one. Not everyone at the same time. The majority have my water marks. The claw back you get our money back if they l...

About although fiscal crisis. Stocks have been lower today. Checking the big imormd the dow down board, the dow down over 100 points. Congress just has ten days left to act. Our White House Correspondent Mike Viqueira joins us live from washington. Mike, spieker boehner saying there arent enough votes to pass a clean spending bill in the house. How is the white house reacting . The same old standoff. Right now the president has left the white house complex. He says the headquarters of fema, the ...

Vote vote the presiding officer are there any senators wishing to vote or wishing to change their vote . If not, the ayes are 96, the nays are 0. The nomination is confirmed. Under the previous order, the question is on the ellis nomination. All those in favor say aye. Those opposed say no. The ayes appear to have it. The ayes do have it. The nomination is confirmed. Mrs. Boxer mr. President , move to reconsider. The presiding officer under the previous order, the motions to reconsider are consi...