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Where the president goes from here, kevin you say there are fewer than three weeks for them to work out a deal how diminished is his negotiating posture? >> speaker pelosi won. i mean, this is a battle this isn't the war but in terms of -- i actually think when you look at the economic impacts of this point, 5% gdp would have been sliced when you look at 800,000 furloughed folks and countless small businesses across the country you can't measure impacts of folks not going to restaurants and stuff. from a political standpoint. speaker pelosi won this particular moment. that said, i think the pr...

A 401k. a san diego city council member is behind this overhaul. now we did reach out to the democratic candidate, he was not available. carl, welcome to the program. good to see you. >> thanks for having me. >> pension reform is topic number one in state and municipal governments nationwide. what you're doing is trying to change the pension plans for san diego city workers for new hires to put them on 401ks. i put it to you, karl, that will not do anything to fix the problem with existing retirees who have the old-fashioned pension plan. >> that's right and that's why our measure impacts exis...