Gao Estimates News Today

program. with critics deride as an anti-free market government subsidy. >> its a loan program that acro allows our sugar industry to compete. >> the gao estimates that the u.s. sugar program cost taxpayers nearly $2 billion every year. university of miami political science professor says on the sugar issue rubios conservative credentials are vulnerable. >> rubio is going to have trouble with this. hes taking money from billionaires on one end who hate corporate welfare and billionaires on thor...

Right? what are some of the changes that are happening today when it comes to our regulatory reform? is. >> reporter: hey, jenna, i love that o.k. with key stuff. jenna: i know you do. [laughter] >> reporter: sorry about that. youre right, today the confidential consumer protection bureau officially opens for business be, but it does not have a director yet, so its powers are are limited. one regulator that got poor grades for overseeing the savings and be loan industry -- and be a lot of those ...

Business be, but it does not have a director yet, so its powers are are limited. one regulator that got poor grades for overseeing the savings and be loan industry -- and be a lot of those firms went under in the financial crisis -- that agency is closing today, the office of thrift supervision. finally, the gao estimates that the first year of dodd-frank will cost 11 agencies nearly a trillion dollars to implement that, of course, as taxpayer money. jenna? jenna: well, a trillion or a billion, ...