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program. with critics deride as an anti-free market government subsidy. >> it's 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 rubio's conservative credentials are vulnerable. >> rubio is going to have trouble with this. he's taking money from billionaires on one end who hate corporate welfare and billionaires on thor end who want corporate welfare. >> senator ted cruz voiced this veiled attack on rubio's sweeth ...

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. you're 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 firms went under in the financial crisis -- that agency is closing today, the office of thrift supe...

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, peter, is it a trillion dollars? >> reporter: i'm sorry, a billion. thank you for catching that. see...