u uáqk wire deal making to raise the debt ceiling, and we'll talk to white house budget director jack lew> brown: then, congressmen raul grijalva of the progressive caucus and tim huelskamp of the tea party caucus walk us through their very different objectionsç to the compromise. >> woodruff: and in new york, paul solman explores how the markets view the end result and the process that got us there. >> brown: also tonight, margaret warner examines the bloody government crackdown onçç protesters in syria with abigail fielding-smith of the "financial times." >> woodruff: plus ray suarez gets new information on the raid that killed osama bin laden from nicholas schmidle of the "new yorker" magazine.çç >> brown: and spencer michels has an encore report on a san francisco art exhibit that's drawing in the crowds. that's all ahead on tonight's newshour.çç major funding for the pbs newshour has been provided by: >> oil companies have changed my country.ç >? oil companiea difference. >> we have the chance to build the economy. >> create jobs, keep people healthy, and improve schools. >> .

fiscal budget math. >> rose: joining me now jack lew. the director of the office of managemen and budget i'm pleased to have him back at the this table in new york. welcome. >> good to be with you, charlesly. >> rose: thank you for coming. so how do you assess this first... what's happening in the markets today? >> today was obviously a very rough day in the markets. i think it reflects a deep unease about conditions not in the united states particular but in other parts of the world and questions about the strength of economic recovery more genelly. and i think going back toome of the points that were made in the clips that you showed at the beginning, it's quite striking that on a day when the market obviously took a real hit, when there was a flight to safety money went into u.s. treasury bonds. so the... >> rose: some say that's because they have nowhere else to go. >> well, but itis amark of the enduring belief in the markets that the united states is a safe haven. i think that if you go back to some of the comments that secretary g

he stepped down and was replaced by jack lew.nd jared bernstein worked in the white house's economic advisory position, and ron bloom, he's the manufacturing czar to advise the president on manufacturing policy. the administration announced he was leaving his position today. at least as of now, no replacement announced. larry summers was a top white house economic adviser early on in the administration, he left as well. gene spurling who was a counselor to tim geithner, moving over to the white house. and you have jack liu, gene spurling and secretary geithner announced he'll stay through the presidential election, this is a smaller team than those there at the beginning of the administration. jack lew, a newcomer, as the president plans his next move on the economy. issue number one to you. >>> when we come back, the president left washington today for dover, delaware, a very sober day for him as commander in chief and the country, the president traveling there to welcome home the remains of those 30 americans killed in the dead

. >> reporter: white house budget director jack lew joined vice president joe biden on capitol hill today to help sell the plan to skeptical democrats. >> there's clearly a mixture of views but i would say that we were being asked the kinds of questions that people ask when people are trying to make up their minds. >> reporter: president obama was nowhere to be seen today and we're not likely to hear from him tonight. but his advisors insist that he is very much engaged. and he's left most of the heavy lifting to his vice president joe biden. scott? >> pelley: thanks, norah. as she mentioned the vice president has been up here on capitol hill today pressing reluctant democrats to accept the compromise. a short while ago we talked to joe biden about whether the government is dysfunctional. >> there's not many people out there who think we can deal with our long-term economic stability without more revenues as well as structural changes in entitlement programs. those two things have to occur. sometimes it takes the kind of brinksmanship that was employed here which i think was extremely dan

joe biden, jack lew head of the budget office, people answered questions. i believe that this bill was frankly better understood when we voted on it than most. >> listen, i have to ask you this. a veteran like barney frank who knows had his way around washington and legislation, why would you endorse something that you hadn't read? >> the answer is this -- as you said on monday, i didn't absolutely say i was for it. i was giving an indication because i try to be open with people of my current thinking. and i was explicit as to what i had in mind. and when i learned later that it wasn't there, i changed my mind. no harm came from my having said that at the time. what happened was -- and at the caucus i specifically said to the members, you know what? i spoke for this on saturday. it was a different bill. i thought it looked good, but it didn't. the answer was, i respond to people who ask me what i'm currently thinking. i made it clear monday morning i hadn't made a definite decision. and once i read the bill, that was the answer. >> let's talk about this com

democrats in the senate yelling at jack lew because he was the nearest person to yell at, and they're complaint was, number one, what the president should have done, when faced with the tea party, spell out a plan to work with democrats on a plan that they could agree on that they would then take public, and so that the president rather than just telling people to jam the congressional switchboard, could have been lobbying publicly the way ronald reagan used to do on behalf of a specific plan. that was their beaef with the president and jack le wuchlt, number one. two, he hadn't consulted with them. the president underestimated and didn't understand the tea party, otherwise he wouldn't have spent all of that time with john boehner. >> am i trite say the tea party, although they claim to be populist's in some places they are, grass roots. they basically accomplished one rule. kept george bush in office. took us into the hell, to awe vive the crisis on wall street. now his policies carried on because the tea party insists on it. and they're getting their way. >> right. and i think that'

jack moarkel. he is on the phone from wilmington. and governor, we understand there was a tornado that touched down in lewes, and what do we know?ll, there was a tornado in lewes, at least 17 homes damaged, one pretty badly. so far, thank god, in news of any injuries. but it's hitting us pretty hard throughout the state. >> can you tell us what type of borders you've put down, governor, and what you're expecting your people to do? >> well, over the past few days we've evacuated a lot of people from the coastal area, tens and tens of thousands soft people. we've closed most of our bridges. we've put in driving restrictions, so unless you're out there nfor emergency purposs or unless you're evacuating for flooding, you should not be on the roads. we're really trying to keep people off the road now. >> and the information you're getting in coming in to you, obviously this tornado is a huge problem, but otherwise, how is this storm measuring up to what you expected? >> well, it's pretty tough, honestly. and i know i heard that north carolina wasn't as bad as predicted, but so far, it's still early for us and it's already hitting out