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Over 14% of the national income. its largest share in more than 60 years. we cannot reform the tax system. however, personal income has seen its largest drop in nearly two decades, falling by $505.5 billion. the latest budget issue in washington leaves the government with just under three weeks. here we go. another deadline. to strike a deal before funding for federal agencies runs out. unlike the sequestration that hit on friday, this time members of both parties are optimistic they'll agree on a plan. however, the two sides are still deadlocked over the $85 billion in automatic budget cuts. ...

Distinction there. >> i'm curious because you remember the initial issue he was talking about is teachers in west virginia. fact checked and it turned out a local budget issue that led to them losing positions and lieuinlosing pay. whether it's job elimination or pink slip the idea that it was tied to the sequester is not true. >> okay. ed henry live on the north lawn. thank you. president obama picked his nominees to run the energy department and the environmental protection agency. gen ab mccarthy is the epa assistant administrator for air and radiation. the president describes energy secret...

Goods movement needs to think what the impact will be on this pretty quickly. >> kelly: i was struck by rand paul who wanted to say we're borrowing something like $50,000 a second. that is staggering when you think about the impact of that and think about $16 trillion in debt. will this sequestration help us in any way or dig out from some of the debt we're in? >> no. not what goes on for years. this is more of a political issue right now than it is a reality of a budget issue. it's a political issue because it's getting forced to a political timetable, but there will be impact on real people....

Program no matter how many people support it, then i think it is going to be gobbled up by the partisanship we have seen around the budget issue which is to me disconcerting. >> we only have -- pre-k sort of -- universal pre-k in the districts in new jersey because it was court ordered. it was not legislative-legislated. the discussion of expanding it is dead on arrival. >> let's imagine a better future in which it was not dead on arrival. i want to talk about what the details -- little built of the devil in the details and also -- talk about what we -- there mate be on the republican side. se...

That democracies fix problems. it is not all politics. it's how we do things to make it better. none of us should it's all apologize for trying to get to the nitty-gritty. let me note that assistant secretary of state lamb testified here in congress that budget considerations played absolutely no role in her decision. it was her decision, not yours, but you have proven her as to what the level of security would be thera at benghazi. any suggestion that this is a budget issue is off base or political. you said you learned of the attack on that day and were involved widely in the coordinated res...