you will have the power to prevent that, secretary lew. i hope the advisory group agrees on a new workable guidance and i hope you swiftly approved it. >> the time of the gentleman has expired. the gentlelady from new york for thirty-second. >> my pleasure to welcome secretary lew from the great state of new york and new yorkers are proud of your service. my question concerns g s c reform. you mentioned in your testimony our growing economy and your main job is to create jobs. many economists have testified one of the most important things we could do is bring certainty to housing finance. i hope you will comment on the efforts of the administration to support housing finance reform and uncertainty in that area. i look forward to your testimony. >> we welcome the testimony of the hon. jack lew, secretary of the treasury of the united states. secretary lew appeared before our committee earlier this year so needs no further introduction. without objection, secretary lew at statement will be part of the record. after his quarrel remarks, welc

thank you, secretary lew for joining us. when you left your first tour of duty in the white house in 2001, we are paying down our debt to the chin of a couple hundred billion dollars a year contract to pay her debt down to zero by roughly 2008. in the next eight years we saw a surplus for running reverse in a structural deficit exceeding $1 trillion a year over the next eight years. were also sitting on eight straight years of uninterrupted job growth. roughly 22 million jobs in eight years. we saw in eight years following her first departure zero net job growth or 20 million people enter the job market with zero jobs produced by them. we've made significant progress since entering the worst recession since the great depression. receiving 45 straight months of consecutive private sector job growth and there's much work left to be done and i thank you for preparing today. >> the gentleman yield back. the chair recognizes gentleman from washington, mr. hack for one minute. >> thank you, mr. chairman. secretary lew thank you fo

ladies and gentlemen, please join me in welcoming secretary lew. [applause] >> thank you very much, sheila, for the very kind introduction, and for all the work that you do to advance the cause of financial reform. i'd like to thank you for hosting me here this morning and also for the work that you do everyday, so many important public policies. i'd like to spend a few minutes today discussing how far we've come to repair the weaknesses which shook our financial system to its core just a few years ago. the progress we've made reshaped and our financial architecture and what we need to do to remain vigilant to make sure our financial system is safe in the future. five years ago to train the economy was reeling from a devastating financial crisis that helped trigger the worst recession since the great depression. our businesses were shedding more than 700,000 jobs a month. our economy was shrinking at an 8.3% annual rate. credit was frozen. our auto industry was sliding towards the abyss and millions were losing their homes and their life savings. t

there is a lot of concern about this, secretary lew. we don't believe this is just a bookkeeping entry this. this puts this $63 million significantly at risk where currently it is not. secondly there is a lot of concerns when we are cutting domestic issues is this a time we should be increasing funding to first world countries around the world and there is some concern of whether a lot of this money could go to european countries and yes they have crisis and problems but can't they deal with those within europe without the u.s. taxpayer being involved. there is concern about moral hazard. would the i.m.f. by making more loans to countries that are deeply in debt be encouraging that kind of indebtedness rather than trying to encourage these countries to get out of their debt and not to spend so much and borrow so much. and finally there are reforms involved with the i.m.f. and this addition contribution and concern about whether those are really enough, whether they go far enough to change the governance of the i.m.f. if the administrati

lew says congress needs to act before then.is reiterating, the president will not be negotiating. the american public expects its leaders to put a end to a senior treasury official says this letter is going out now to give lawmakers as much time as possible to come up with a solution after the holidays area the clock is already taking. republicans are gearing up for a fight, insisting they want something in return for debt ceiling increase. here is mitch mcconnell earlier this week. >> i doubt if the house or the senate is willing to give the president a clean debt ceiling increase every time the president asks us to raise the debt ceiling. early in 2014, expect washington to be back in crisis mode. still ahead, new auto safety rankings out today. we will tell you about some new technology that is a major game changer in the auto industry. we will break down the numbers when "bottom line" on bloomberg television continues in just a moment. ♪ >> welcome back to the second half-hour of "bottom line." i am mark crumpton in new yor

lew's remarks come days before they finalize the controversial volcker rule. lew will also call on regulators to make their own rules tougher and match those in the u.s. among the unfinished business for 2014, lew says is reducing risk for money market, short-term debt and derivative markets. it's important to remember, lew's comments in the summer as democratic senators join with republicans to call for tougher regulations than the treasury was proposing or adopted in dodd/frank. lose appeal to give to the end of the year was an effort to hold off efforts by senator warren and mccain to bring back the act. it remains to be seen if that satisfies those senators. you can never know with certainty until you get to that point. >> so we haven't ended too big to fail? >> you can't possibly know. and we're waiting for the actual remarks to come out. but i think he's declaring victory maybe a little early, but i think the political side of this is the most important part of it. that warren is still out there, i mean, ben knows this. we didn't introduce ben yet, right

we are very honored to be hosting jack lew. this event is a tribute to the pew charitable trust, which under the steady hand of our president has become a major and influential voice on many of the toughest issues confronting society today. throughout its 65 year history, pew has remained faith 02 the -- faithfulciples to the guiding principles of its founder. be it health care, the environment, economic mobility or democratic processes, pew has spoken truth to power to improve the lives of millions of people throughout the world. and of course, almost two years cfa pew, along with the institute founded a nonpartisan group of policy experts and former regulators which has sought to give voice to the people's interest in a safe, stable financial system. so, i am particularly pleased that secretary jack lew will be speaking this morning on the importance of completing the financial reform agenda. jack lew came to his job as a widely respected expert on budgetary policy. he has spent the vast majority of his career in government a

please once secretary lew finish his remarks, stay seated."pe hosting this 76th secretary of the united states treasury jack lew. it has become a major influential voice on many of the toughest issues confronting society today. throughout 65 year history, pew has remain faithful to the guiding principle. tell the truth, and trust the people. be it healthcare, be it environment, economic mobility, pew has spoken truth to power to improve the lives of millions of people throughout the world. of course almost two years ago, pew along with the c.f.a. institute cofounded the council. which sought to give voice to the people's interest. i'm particularly pleased secretary lew will be speaking this morning on the importance of completing the financial reform. secretary lew came to the job as a widely expert on policy. his expertise and knowledge have proven invaluable as he steered the nation through budget and debt limit negotiations. he has brought a very free perspective to the cause of financial reform. he spoken eloquently of the need for regula

please join me in welcoming secretary lew. [applause] >> thank you very much for that kind introduction. i would like to thank pew for hosting me here this morning and for the work you do every day. so many important public policy issues. i would like to spend a few minutes discussing how far we have come to repair the weaknesses that shook our financial system to its core a few years ago. and what we need to do to remain vigilant to make sure our financial system is safe in the future. five years ago, the united states economy was reeling from a devastating crisis that triggered the worst recession since the great depression. our economy was shrinking at an 8.3% annual rate. credit was frozen. our auto industry was sliding toward the abyss. and millions of americans were losing their homes and their life savings. to make matters worse, to contain the damage and keep their economy from melting down completely, american taxpayers were forced to provide extraordinary assistance to financial institutions and other companies, many

treasury secretary jack lew will discuss details of the final volker rule in a speech this morning andulators will vote next week on a law that could affect $44 billion in revenue from the five to get banks. microsoft expanding encryption to protect customer information following reports that the government was intercepting data. the company is also stepping up legal efforts to protect the data. belown plunged 20%, $20,000. the people's bank of china said bitcoin is not a currency with real money -- meaning, and does not have the same legal status as hard currency. it might in the future. we're standing by for the latest read on the economy. initial jobless claims and personal consumption on deck. we have a jobs report tomorrow. michael mckee has the real deal on the numbers. data, two other central banks have their decisions -- no change on the ecb or the bank of england. >> but it does tell us something. there are implications for both of the banks in making no decisions. the bank of england, their economy is picking up and the government raise their economic nexth forecast to 2.4% y

jack lew on international finance issues.later, financial leaders meet about cybersecurity and financial markets. >> the federal reserve was established by an act of congress in 1913. friday, george washington university hosts an all-day conference on the federal reserve system. you can see it live starting at 9:00 a.m. eastern on c-span 3. >> friday, a look at long-term health care spending. to lower on ways spending for public programs like medicare. you can see it live starting at 12:15 p.m. eastern on c-span. >> this is georgia, the oldest building here. if you can imagine, 1976, the hustle and bustle of all the activity here in the campaign, you have tables and desks and phones going off and letters coming in and out of the area. she was here helping run the campaign from this little small building. this is where rosalynn carter helped organize the peanut brigade. it was used to ring his run for governor. it was basically a way to get the word out about jimmy carter using volunteers owing door to door, giving out literat

secretary. >> thank you, secretary lew. it's a pleasure for me coming thank you virginia opportunity speaker i'm pleased to be here in washington, d.c. at this time with outlook of the u.s. economy. a strong u.s. economy is good or the global economy as well. your airport is an assurance of america's supreme commitment to the -- in the global landscape and usher in a shared prosperity. since the beginning, the beginning -- [inaudible] in our crusade to institute good governance. our compact program and the partnership of growth is assisting our new frontiers to sustain economic gain. the model of the obama administrators good governance is good economics, and in the three years and a half of the administration has proven that. averaging growth of 6.3 were sent and the support of the u.s. administration in not only technical help but for the our bilateral relations is important in sustaining the. we once again are deeply thankful also for the assistance extended by the u.s. government to the people -- victims of super storm

we had kerry and lew. it lasted for more than two hours. and menendez was there. they are working to come up with some type of resolution or legislation. he has worked closely at my side, senator schumer who has been involved in this. >> wouldn't likely be a resolution? >> people started talking about it a day or two ago. iran has been a real problem for the united states for many years. we cannot let them get a nuclear weapon. israel is our friend. israel is my friend. i will do everything i can to protect negotiations and also take into consideration that legislation is never bad. if we can come up with something that satisfies my people -- menendez and schumer and it is bipartisan -- >> and satisfy john kerry, too. if kerry says this could impede negotiations, wouldn't that be a concern? >> of course it is a concern. that is why before thanksgiving, the major there wasn't anything on that. is could go on forever. we are taking consideration. i have talked to the president on this. i have spoken to john kerry on many occasions. >> it has cost democrats. charlie

that from jack lew. >>> skirting the volcker rule though, will wall street find a way around it?tweets and panel debate with tracy byrnes and adam, you're sticking around as well with trace. all this next hour on fox business network. stick around. ♪ [ bell ringing, applause ] five tech stocks with more than a 10%... change in after-market trading. ♪ all the tech stocks with a market cap... of at least 50 billion... are up on the day. 12 low-volume stocks... breaking into 52-week highs. six upcoming earnings plays... that recently gapped up. [ male announcer ] now the world is your trading floor. get real-time market scanning wherever u are with the mobile trader app. from td ameritrade. [ male announcer ] if we could see energy... what would we see? ♪ the billions of gallons of fuel that get us to work. ♪ we'd see all the electricity flowing through the devices that connect us and teach us. ♪ we'd see thatlmost 100% ofedical plastics are made from oil and natural gas. ♪ anan industry that supports almost 10 million americanobs. life takes energy. and no one applies more technolo

sol lew the edict it. the present it if they have the right to farm the government about the dark side the lead that be bold be bothered to give parties that is spinning but the army and the main opposition party bnp and other bodies daily company the event and make the election commission and the election process. soul the spotting and stress that these accounts are a fairly and without any conditions on the beach. i think this part of the key to his political instability in the country the incompetence that actually has less than that i'm going to come into this fix. last night and then you have to see if we can get ever since about mid match its body and i began to grow its faults. i'm thinking i was about ten days. due to success and damaging hot dogs and got these businesses have time to load the nineteenth hole. the prices of essentials have soared as well. except for the routine festivities in which she alleged bought the book was not behind the eye of the property. the us has so far shown no decay

what do you want secretary lew to say? be one of the most complicated years in the history of reg look toward promulgation. not just the u.s., europeans and global regulators that have been incredibly busy. we will be sitting here a year from now and a very different place. the amount and sweep a regulatory changes. changes we cannot even begin to anticipate. >> to paint a picture. meeting is tim adams herding cats. banker doug flynn is running the shop. there are a lot of people upset with each other. how a part are the europeans and the united states bankers this december? >> we are 500 institutions but not just bankers. a whole bunch of institutions. it is difficult to find consensus on the big issues but also difficult for the regulators. one of the big challenges is likely to a fragmentation, which ultimately cost us the global growth. >> why is the focal role -- volcker rule 950 pages question mark >> identifying each heads with another transaction -- imagine how many transactions every single day. billions of transa

>> thank you, secretary lew. as chairman of the ffic which consist of federal reserve system, fdic, ncua and state members of state liaison committee i thought it might be helpful to briefly update the council on some of the action that the ffiac has taken and is directly responsive to some of the issues and needs identified by assistant secretary mokri and mr. king. as cyrus noted earlier this year the ffiac did establish a cybersecurity and critical infrastructure working group and the primary goal of this group is to comprehensively assess, analyze, examine security and resilliance of financial institutions and technology service providers and to provide a mechanism to liaison with the fsoc and other governmental entities on this important topic. one of the primary objectives is to review current regulatory examination and supervisory guidance to identify and address gaps. one of the key issues mr. king has highlighted. as you may know the ffiac has a long history in coordinating regulatory and supervisory pol

jack lew will be at the pew charitable trusts to discuss the state of financial reform. that is that c-span2. , members of the house and energy subcommittee will hear from federal regulatory commissioners. democraticover a onering committee meeting unemployment benefits that are set to expire at the end of the month. in a few moments, a look at today's headlines, plus your calls. live on "washington journal." the house will be in session at 9:00 eastern to consider a bill regarding patent law. we will focus on the farm bill with randy neugebauer. we will also take your questions about the affordable care act and ongoing budget negotiations. we will continue the discussion on budget talks at 8:20. >> good morning, everyone. here are your headlines. the washington post reports that the nsa is gathering nearly 5 billion records per day on the whereabouts of cell phones around the world. the documents given to the post by edward snowden. u.s. officials say the collection is lawful. around the country today, fast food rest word -- workers will walk off the job as part of the

we had kerry and lew. secretary of treasury and secretary of state. it lasted for more than two hours. and menendez was there. they are working to come up with some type of resolution or legislation. he has worked closely at my side of the aisle. senator schumer who has been involved in this. i will wait to see what they come up with. >> would it be more likely to be a resolution than the legislation? >> i do not know. but first understand it is an important issue. iran has been a real problem for the united states for many -- almost years. 40 we cannot let them get a nuclear weapon. israel is our friend. israel is my friend. i will do everything i can to protect negotiations and also take into consideration that bipartisan legislation is never bad. if we can come up with something that satisfies my people -- menendez and schumer and it is bipartisan -- we will take a look at it gave >> and satisfy john kerry, too. in this country, we have three separate branches of government. >> if kerry says this could impede negotiations, wouldn't that be a concer

then treasury secretary jack lew testifying about the system. >> we want to welcome back to ."niel newhauseto "newsmakers" daniel newhauser is a reporter for a roll call. derek wallbank is with bloomberg news. >> thank you for being here. capital ist of the julius. they are both saying this will avert any shutdown fears for january 15 and possibly for october 1 as well. that is not set in stone yet. >> can he walk us through the next steps? >> you are right. there is a joyous atmosphere. it was a huge event. of gettinghe logjam away from these herky-jerky shutdowns we been going through. they must take it and break it down for each agency and department of the government. we have to do that before january 15 because that is when the clearing resolution wears out. -- current resolution wears out. that will implement the budget resolution that was agreed to yesterday by the house. i wanted to ask you to comment on something that speaker john boehner had talked about in this past week. you have often been a target of these outside groups for your chairmanship for having to allocat

jack lew, the treasury secretary, has ultimate discretion on when this could occur.o the timing of this is very much in doubt. >> did the debt limit is not raised, experts project that the government could default between march and june which also happens to be the heart of republican primary season in the u.s. senate. look at this calendar of events. john cornyn's texas primary is in early march. thad cochran's mississippi date is penned for early june. and lind b see graham's south carolina primary scheduled for just a few days later. they're all in hot water in those states. david corn and ryan grim. both are msnbc contributors. let's start david and then go to ryan. this is an interesting combination. we think this is going to be a smooth season getting through the holidays. but they're already lining up for the gun fight at the ok corral, if you will. sometimes between march and spring, they can shut down the american economy. and these guys say they don't want to do it. then they say we're going to threaten to do it. mitch mcconnell is worried about being defea

. >> secretary jack lew hailed reforms to rein in excess and abuse. >> we've made choices and progressinancial system. as we move forward and new higher standards phased in, the changes will be more apparent and our financial system will be even more secure. >> next week regulators are expected to approve a tougher than expected version of the so-called volcker rule which would impose tighter restrictions. the goal is to reduce the chances of mega losses like jpmorgan's $6.2 billion london fiasco. the question is after years of complaints banks spared for their prosecution in the role of the financial crisis, have we turned a corner? joining us now new york attorney general eric schneiderman. mr. attorney general, always an honor to have you on the show. congratulations on the work thus far. >> thank you. good to be here. >> a big, big deal. i wanted to ask that question. have we turned the corner? from your experience, do you sense a change between the dynamic between the banks and financial services industry and regulators? >> i think it does reflect a change. we're coming up in janu

that's the day treasury secretary jack lew must resort to extraordinary measures to pay our bills andid a possible default shortly thereafter. that won't be the end of it. guess what? they're back! congressman paul ryan and tea party motivated senator mitch mcconnell, they want ransom for another deal on the debt ceiling. they don't care what john boehner has to say about it. >> every time the president asks us to raise the debt ceiling is a good time to try to achieve something important for the country. >> we don't want nothing out of this debt limit. we're going to decide what it is we can accomplish out of this debt limit fight. >> once again, the cuckoo caucus, aka the tea party and outside tea party groups will have their back. in fact, they view this fight as just the beginning of a resurgence of power for the tea party. this is a time to regroup, rejuvenate and reorganize. as "the washington post" reported this week, while the cuckoo caucus prepares to return in january, outside groups like the coke backed americans for prosperity are also prepping for a long fight into the 20

. >>> treasury secretary jack lew says the largest economies need to tighten up the financial regulations to avoid a repeat of the 2008 financial crisis. he wants them to meet the standard of banking laws. >> with the completion of the vocal rule, resolution authority, stronger capital, the tools of financial reform are being used to make the financial system safer and hold financial institutions responsible for baring their risk. >> lieu heads to australia in february for a meeting. >>> jp morgan chase is warning nearly half a million holders of prepaid cash cards that their personal information may have been accessed by hackers. the cards were issued by several corporations to pay employees and by some government agency s issuing tax refunds and unemployment benefits. >>> still ahead, will twitter's big plan to make more money pay off for shareholders, or will this add strategy potentially backfire? >>> the biggest decliner in the dow today, microsoft. invest tors dumped shares on hearing that alan the ceo of ford may not take the wheel. there is intense speculation he will step into th

. ♪ >> delaney brown just turned eight years old and she has a rare form of lew cee leukemia.s doctors have given her days to live. to lift her spirits, they gathered outside her home to sing classic christmas songs. >> different stories from mother has posted regularly showing her strength her courage her humor. all she wants is carols. we can do that. >> she had chance to talk with country music star taylor swift, on friday made possible by the make a wish foundation. >>> some of the riskiest operations to perform. but surgeons in france have fashioned an artificial heart that could one day replace the whole thing. >>> an artificial heart designed to sustain the body for five years. surgeon implanted another one in a man's chest on friday. they said so far he's doing fine. >> translator: the patient is doing very well, getting betters every day. i saw him just before coming to see you. we're talking to him, he's recovering, he's resting. we are recovering things little by little. >> doctors designed the heart to reduce side effects by using cow tissue to connect the high tec

the recession could have been a depression, that's according to treasury secretary jack lew. mr.te, the economic stakes were high and president obama understood that inaction was not an option. his decision to commit to additional support to gm while requiring them to fundamentally restructure their business was tough, but it was right. now remember that the auto bailout was part of the t.a.r.p. program, the bulk of the funds going to the banks. while the u.s. spent almost $422 billion on bailouts, it's recovered about $433 billion so so far this far in the program, including the loss on gm. so netanya net, the government up. >>> lululemon's founder and chairman out the door. it took a while but he had made some controversial comments earlier this year. >> exactly, the saga of course at lululemon continues. the company's founder and chairman, chip wilson, he is stepping down after an uproar over these comments that he made critiquing the customers' bodies. what he said with respect to to that controversy over the sheer workout pants was that, frankly, some women's bodies just don

the treasury secretary jack lew can't foresee any reasonable scenario in paying all the bills past marchsenator, how does this end? >> hello, christine. let's talk about what we just did. we have, i believe, avoided government shutdowns at least through fiscal year 2015. that is a good thing. try to bring certainty to the economy. try to give the agencies and departments and committees in congress the opportunity to rationally prioritize spending. we need to continue to grow and create jobs. when it comes to the debt ceiling or another way, when the president comes to congress to ask for the authority to increase the debt ceiling on our children and grandchildren, we need reforms to enact that. what i would like to do, i would like to look at the health care law and look at the democratic colleagues listening to the pleas of americans begging for relief that are unbelieving in terms of how harmful that -- that's what i would like to do. >> are you going to tie the health care law to raising the debt ceiling? >> that is what i would like to do. i don't know what kind of fiscal reform. you

but treasury secretary jack lew saying you have to raise the debt ceiling by late february, early marchith no drama. liz? liz: a little drama out of washington with no drama. rich, thank you. >>> back to you, scott, so sorry about that interruption, but clearly there have been uncertainties, when it comes to the consumer of coursings we're talking to you, go on truecar.com because you have that information. is there a way to make sure that the consumer can get the best deal out there? >> well again, it does start with getting that information. this is information that has never before been published or available. it is about transactions in your local market and around the country. and that really take as first-time car buyer gives them opportunity to be an expert in 30 seconds or less. from there what we're seeing in the overall market it's a great time to buy a new car in particular. historically used vehicles are sort of lagging the new car market. the new car market over last three or four years has been really constrained. we've been at all-time lows from 2008, 9, and 10. you have

secretary jack lew is warning congress not to dilly-dally. he says the debt ceiling needs to be raised by early march.and, a wing and a prayer...the wall street journal reports-- mcdonald's is hoping for a mighty miracle after getting stuck with 10 million pounds of wings-- frozen in storage.the chain overestimated demand. scott bauer of trading advantage joins us on this friday morning. good to have you as always on our show. >>thank you. >>i was watching the volatility index yesterday and it was sinking at one point. is that a telltale sign? >>this was crazy angie and we had talked about this a couple days ago. we saw the vix trade almost 16 1/2 right before the taper announcement on wednesday. then yesterday we saw this thing trade down all the way under 13. it traded 1290 and it closed up a little bit on the day. what this tells me was that there was so much anxiety put into the marketplace short term, meaning december, meaning this week. not even going into the new yearbut so much anxiety that just got deflated out it that traders includ

treasury secretary jack lew says the new rule restricts banks from making risky bets. critics say regulations so far have failed to address the too big too fail problem. the city of l-a is suing wells fargo and citibank for losses during the housing crash. the lawsuit blames the banks for discriminatory mortgage lending that led to foreclosures in minority communities.it says banks should reimburse affected cities for lost tax revenue. both banks say the lawsuit is baseless, and that each applicant was treated with the same objective criteria. 20 states are saying no to expanding medicaid under the affordable care act... and a new report shows-- it could costs those states billions. among them, texas which stands to lose nearly $10 billion dollars. according nbc some of the red states are taking a pass out of a desire for less government intervention. under the expansion, the government kick's in 100% of additional costs for medicaid the first 3 years. the aim is making certain low income american's have sufficient health coverage. mcdonald's posted advice on its emplo

goal of overhauling the financial system is almost complete -- that's what treasury secretary jack lew is expected to say in a speech later today. according to draft copies of that speech circulated yesterday, it's likely the secretary will also call for more rules for u-s banks. he is also expected to say that other countries need to do more to ensure their own financial institutions are properly regulated. china is banning bitcoin trading by major banks. it's a critical first step as government officials begin to regulate the digital currency. the chinese central bank said the virtual money has not posed a threat, but carries risks. regulators say bitcoins are anonymous, untraceable and can be transmitted electronically - which is cause for concern. apple is close to a deal with a chinese mobile company to sell i-phones overseas. the agreement gives apple access to china mobile's 700 million customers. some say it will give a major boost to apple in one of the world's most important smartphone markets. however, china's inflated prices of i-phones may keep sales figures down. meanwhil

treasury secretary jack lew has warned that the country will hit that limit faster than expected, sometime in late february or early march. previously the deadline was set for this summer. president obama has already warned that he will not negotiate over raising the debt limit. republicans expect fiscal reforms to be included in a debt ceiling bill. a new vote.. on a revised contract for boeing machinists. unionized workers will vote on january third. the machinists are represented by the international association of machinist and aerospace workers. national leadership of the union says the revised contract contains significant improvements. but local leaders in washington state are calling on members to reject it. last month the machinists voted 2 to 1 against boeing's initial offer. since then boeing has been publicly courting offers from other states interested in hosting the work on boeing's latest 7-7- 7 x jet. a lot of air travelers complain about treatment at the hands of airlines but it's the behavior of passengers that has airlines calling for new laws. the number of incidents of

jack lew said with the final sale of gm stock, this important chapter in our nation's history is nowsed. tonight, we will discuss the major league baseball winter meetings that kicked off today. we will discuss the trade in the transactions to watch and its affect on the economy. that is coming up tonight. hope to see you then. by midnight tonight, members of congress need to enroll in the health care plan under the affordable care act. or they risk losing their government subsidy. us now fromly joins washington. lawmakers, are they having any problems signing up for health care? like every day, they are facing technical glitches. some sticker shock as well as they plan to drop their federal health care plan and sign up for the obama health care law. they have to beat some of their own cooking. they have to experience what their constituents are dealing with. the reality is, they have more options. 112 gold level planned by four different insurers. the government picks up about 75% of their premiums. the onlineet to use exchange, not the troubled healthcare.gov. john bane are signed

mlb lawyers say the case is moot because commissioner bud selig sent a letter to the a's owner lew wolff apparently rejecting the relocation bid. >>> bart and its unions just wrapped up their second day at the bargaining table. they are staying tight-lipped about the progress in hopes of working out a deal. this dispute if you haven't heard is over family leave which bart says should never have been added to the final contract. a federal mediator is helping with the talks. union leaders have filed a lawsuit over the issue but say they don't plan to strike not right now at least. >>> things are heating up in ac transit's latest dispute. just as its 60-day cooling-off period is coming to an end the new issue is over changes to bus routes beginning sunday. the union members say those changes violate the cooling off agreement and threaten to boycott. a judge denied the union's request for an injunction. both sides negotiating as i say right now, but the strike ban is in effect until midnight december 22. >>> the unions aren't getting sympathy from the public. newly released results of a fiel

cal team president herman van lew ford has condemned the crackdown on anti government protest in ukraine some runway said you are a huge ready to respond to the aspirations of you with a new people which he described as being very visible the sets. it respects the rights and liberties excessive use of the us this is unacceptable and association agreement included a comprehensive approach that area independent and the great chinese community could chill and met with us my father joe biden during the game on biden second day it is the year to china. the two exchanged views on economic development and youthful relations committee said the development of china us relations benefit not only to countries of the international community as well. later in the day biden also met with his chinese counterpart. chinese vice for the feed one child we don't also the two countries should abide by the agreements between the teaching painting and us president barack obama earlier the shia on constructing a new type of relationship between the two countries. nato secretary general anders full rosters and s

also at 8:30, treasury secretary jack lew will deliver remarks about the next steps on financial reform here in washington and on capitol hill, house lawmakers are set to look into patent controls. the bill is expected to pass. on the eighth day of hanukkah, president obama will host not the one but two receptions at the white house. that does it for looking ahead. >> thank you. it is time now for "hot shots," a look at the most compelling images of the day. the official world cup ball has been revealed in rio. took 2.5 years of testing. it is a term used to refer to brazilians living abroad and is five --ng used to do described national pride. traditionals bracelets worn in brazil. want to be lucky in 2014? the u.s. treasury can lend you a hand. it is printing lucky money to mark the chinese year of the horse. the uncirculated one dollar bills will have a serial number beginning with 8888. in chinese culture, the number eight is considered auspicious as it sounds like the word that means a wealth. the lucky dollar bill is on sale , 595 each. speaking of lucky, here is a lucky shot. the

we had secretary of state john kerry and jack lew and it lasted for two hours. menendez was there. a bipartisaning on agreement to come up with some type of resolution or legislation. he has worked closely on my side of the aisle with senator chuck schumer. he has been involved in that. i will wait to what they come up with. >> is there more likely to be a resolution than legislation? >> i do not know. startedsomething people talking about a day or two ago. it is an important issue. iran has been a real problem for the united states for almost 40 years now. we cannot let them get a nuclear weapons. israel is our friend, they are my friend. we must protect the administration in our negotiations. bipartisan legislation is never bad. if we can come up with something ,hat satisfies my people menendez and schumer and the other folks, and it is bipartisan, we will take a look at it. >> let me turn to obamacare. it has caused the president and it has cost the american citizens. how permanent is this damage and do you think it will cost you the senate. >> not only do we have incumbents doi

paper towel they would deduct $100 from my account and added to your account but bit coin allows us to lewansact was nobody betweens. these are central points of control that we may want to engage in a transaction that is prohibited or frowned upon or that we want privacy john: the government could still find out about it. >> ultimately they could punish but they cannot stop the act from taking place. >> but it is something shipped in the mail they could follow the mail. there is a web site where people buy illegathings like drugs called silk road. >> it is a dark website protected -- protected by encryption running over two years it is estimated the $20 million in ses per year you can buy just about anything using bit co. >> they wll not sell guns that harms anybody or child pornography or anything of that nature. john: we agreed drugs only harm the users out of personal choice but my wife says this is not a good one reason we have given to protect people from this kind of stuff. >> great. law enforcement is looking at going after these companies and probably will be successful because bi

baggage fizeau the sea that typically takes them billions of dollars are the bag fees except for jack lewthwest and the change feat for domestic flights to and the dollars will not change that is as high as it can get. tracy: but just to bring that money in just with bag fees is crazy. >> now domestically southwest does not charge a fee and the investors are hounding to start to. they say get a financial benefit to not have the fee but said that investors say why not with the extra revenue? tracy: i do stand. the passengers are happy but is there any way around this? you can pack light or bring your own cookies. >> there are several ways to get around the three. obviously not checking a bag is $1 billion per quarter. certainly if you have a branded credit card that usually has of the they will wave a the bag fee so if you do that a family of two it is worth in it. if you achieved -- achieves the lead status they will waive those but mostly it is targeted to the disloyal customers those that shop on price and don't care which airline and those are the ones that are stock perverted fields a

treasury secretary jack lew is warning congress that the u.s. -- is urging lawmakers to raise the federalebt limit weeks before then. attention target shoppers, your credit or debit card information may have been stolen by cyber thieves. according to target, data from 40 million cards may have been compromised. shopping between november 27 and december 15. target is working with law enforcement officials to find those responsible. joining me to tell me more about this from washington is alex senior researcher for immunity inc.. good to have you with us. explain what happened. you have to tell us about the register, the actual card reader and something called track eight up. explain. therack data is essentially information encoded on the back of your credit card on the little black strip. that authenticates your credit card in order to make purchases to your account. so what hackers have done is they have compromised the small computer you slide your credit card through and they have been able to collect this data across target stores across the united states. as a result, target is report

poverty rate is 40% higher in california so it does not done a lot to help people with poverty but lewhat wal-mart and donald sam burger king have the alternative to paying $11 per hour that they could pay zero to get rid of the jobs or replace them with computers or robots to. >> that is ridiculous you will like delta service jobs is my first job was minimum-wage. $2.65 per hour and a few of the first job you cannot get the second estimate in real dollars that is double the minimum wage today. so be honest. stay right there has not ben a realwage but it was the better wages in its day and i understand we're in a new economy. pope francis w very clear. said red crescent? [laughter] he cares about the message of christ's. we have to heed the words of poverty spread first of all, i would like to issue to the opel for issues of god island rather listen to stephen on issues of the economy. [laughter] capitalism has allowed it billion people to do triple for space it, over the past seven years the pope shed cozied up to us. >> i see it you could work as a child of the cold wind. in arkansas