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>> yes. bill: why then would it be that folks are trying to save 2-cents on the dollar, which is pretty much what this sequester amounts to? >> well 2-cents on the dollar overall budget, but on the large mart of the budget is exempt from any of these cuts, so it's concentrated on a very small part of our budget which has already gone through significant reductions. bill: you're right about that. but you know within even your own budget, you know, nor the senate office thafor the senate office you run in washington, you know you can figure out a way to cut. i hear ceo's, if our board came to us...

Without intent that they have put out that piece of information, right? >> oh, i think it's great, because i have to say the journalists for days, we had questions for ten days, what will he wear, what will he be called, et cetera he'll be in his might cassic, there will not be that little cape like mosetta. and the shoes, red is identified with the pope. the fact that eye he's decided to wear brown, that he got in mexico. he found them to be very, very comfortable and so that's what he's going to wear. martha: and they will destroy what is known as the fisherman's ring as they do after each p...

Pontiff i wasn't alone wondering what was on his mind as this morning progressed. bill: what happens next, amy? what do we understand the procedure is here? >> reporter: okay, well first of all, especially dramatic this day because it may be the last time, barring a two photo ops that we ever see pope benedict the xvi. he will be pope emeritus after he leaves office tomorrow. if he does go into seclusion as he promised he will we may not lay eyes on him again. the college of cardinals get going officially march 4th but there will be pre college meetings and then they will set a date for the co...