on the newshour tonight, christina romer, the outgoing head of the president's council of economic advisors, reacts to today's numbers, and we ask her about the administration's approach to the economy. >> lehrer: paul solman examines the rising number of burned out employees in the country who are doing more for less. >> we're working more but we're not seeing any rewards for that. it's very frustrating. >> woodruff: then, margaret warner in baghdad reports on iraqis' daily frustrations with an essential element of modern life-- electricity. >> lehrer: mark shields and david brooks give their analysis of the week's news. >> woodruff: and tom bearden, in morgan city, louisiana, looks at how even the b.p. oil spill couldn't stop the 75th annual shrimp and petroleum festival. despite a lot of concerns about the future, this town is ready to party. >> lehrer: that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broad

council of economic advisers chair christina romer is gone. >> the work that they do is difficult. they have been at it two years. >> only treasury secretary tim geithner remains and he is under fire. >> the economic team on the way out. >> five weeks before midterm elections. people are predicting big losses for democrats. the timing could not be more crucial. >>> the cia is intensifying missile attacks against militants in pakistan. they have heard of a new plan to target the multiple countries including the u.k., france, and germany. if 20 drawn strikes have been launched by the c.eia in the pat months. -- drone attacks. >>> 20 insurgents have been killed in a day of hard fighting. u.s. soldiers are now controlling is they had never been to before. commanders have taken away the homemade bombs from the taliban. >>> former alaska senator ted stevens will be laid to rest this afternoon at arlington national cemetery. the 86-year olds died last month in a plane crash in a remote part of alaska. four others were killed. four survived. he was the longest-serving u.s. senator as a rep

of the president's inner circle to head for the exits this week with the recent departures of christina romer and peter orszad and the imminent decampment of chief of staff rahm emmanuel and david axelrod, a chief is under way at the white house. bill clinton is among those who believe the president still has to assert control over his biggest challenge, the economy. the former president sat down with my news however colleague judy woodruff this week. >> if this is a referendum on people's anger and apathy, our side stays home and their side, we don't do well f it's a choice between who's going to do what, we can do well. the president is out there now. and i think it's high time. and it's good, and it's good that he's taking some shots. that's what people want to see. they like to see their presidents get hit a little bit. gwen: and he would know. and does the white house subscribe, jackie, to this clinton principle that sometimes you got to take your hits? >> well, they would never admit that they subscribe to anything that's described as clinton's. but of course, the danger in that is you

also, christina romer is also out. and now larry summers announcing today.tor, what does this mean? >> you know what, ed, i don't think it is particularly surprising. i know it is big news, but frankly, a year and three quarters in this presidency, it is not unusual that at this time, toward the end of this year, people start leaving. these are 24/7 jobs, tough jobs. so, i'm not particularly surprised that this president will retool now and bring in some new people, but today's announcement wasn't a particular surprise to me. >> it's no -- no correlation between a struggling committee? could this be a shift in direction on how to get the country back to where it needs to be? >> well, this may really try some new things with respect to the economy, but let me make a point. this economy wasn't brought downs to the knees overnight. i mean, this took a couple of terms of the bush administration to bring it to its niece and this president inherited the economy. everybody should remember. this the moment before he took off, this country lost 700,000 jobs and now a

his original chief economic advisor as mentioned, christina romer left after a rocky tenure, among other things she claimed that passing the stimulus spinfest would host jobless rate at 8%. the economic research, official judge of such matters now says the recession has been over since june of last year. if that's true, it means the recession ended before the stimulus could even take effect. political terms, though, the recession is not over. and will not be until the unemployment rate starts coming down and rapidly. which means the stimulus has failed twice. it didn't end the recession. it didn't bring the jobless rate down either. yet, it remains the centerpiece of the obama economic program, which brings us back to the rest of the top economic advisors, treasury secretary geithner and departing national economic council head larry summers. the president says they've done "outstanding job." sub boardnance is a well -- sub boa -- [ inaudible ] >> bret: how big do you think the shake-up could be? >> three or four economic players will be replaced. how different the views of the incoming

christina romer went earlier this month. the highest profile remaining member of the team is treasury secretary geithner. some are asking if he will be the fall guy. >> joining me now is our economics editor. why do you think larry summers is gone? >> many people thought he would go by the end of this year. if he did not, he would have to reapply for his place as a professor at harvard. there's the much desired tenure at harvard. it seems clear that he did ask the president if he could leave one year ago. he did originally planned to stay one year. he was persuaded to stay one more year. >> was he being listened to in the white house? there was this debate over policy. sometimes he felt left out. >> he's a man of very strong opinions. if he is up against a lot of people, sometimes he will lose arguments. i'm sure he would have expected to have lost some battles. he was a driving intellectual force. people knew they have to take him on in getting their views through to the president. he was quite a key figure. there are now q

other members of the team peter orszag and christina romer are already gone.elrod will head home to chicago by spring. bill clinton changed chiefs of staff four times at different crisis points in his presidency. president george w. bush dumped donald rumsfeld from the pentagon after 2006 elections. all presidents have crisis points. president obama is in one leading up to the november elections, so the new team he builds will say a lot about the direction he wants to go in next year. bill plante, cbs news, the white house. >>> this morning on "the early show" a preview of the hottest toys for the holiday season. it's amazing we are already talking about the holiday season. i'm terrell brown. this is the "cbs morning news." [ male announcer ] the new subway flatbread breakfast sandwiches! like the new double bacon & cheese omelet sandwich! they're all new. toasty, tasty, and made to your order. so come and build your better breakfast today, at subway! no pills, no pain. how can you get pain relief without taking pills around the clock? try thermacare heatwraps

he now becomes chairman of the white house council of economic advisors, replacing christina romer, who left to return to teaching. >> susie: the president used today's press briefing to push his agenda for reviving the economy, from tax breaks to a small business jobs bill. washington bureau chief darren gersh reports. >> reporter: the president today acknowledged what many americans know too well-- economic progress has been painfully slow. still, he urged voters to stay the course this on election day. >> if it was just a referendum on whether we have made the progress we need to, then people around the country will say that we are not there yet. if the election is about the policies that are going to move us forward, versus the policies that will get us back into a mess, then i think democrats will do very well. >> reporter: business groups say administration policies are adding to the economic mess. u.s. chamber of commerce chief economist martin regalia points to health care, financial regulation, and tax policy-- areas where he says the obama administration is increasing cost and

he advocated a trillion, as did christina romer. that was not larry summers fault.arry summers is brilliant, and unfair to look at what happened to that stimulous program, which was politicized to such an extraordinary degree by the congress and by the white house. that's why that program was not nearly as effective as it should have been. as far as rahm emanuel, there is going to be an opportunity that nobody expected, which is that mayor daly would be the mayor obligation, of course. >> summers just got back from a trip to beijing and he saw bau over there and he tried to get him to monitor his money the proper way, instead of what he is doing with it. and that didn't work. do you think there's any connection between that failure to get one -- in fact the president himself met with him. do you want to talk about that? >> the main issue here as far as we are concerned, the united states economy is concerned is that the yen is kept at an artificially low level. >> what does that do to us? >> what that means is their exports are more competitive and our exports are l

eastern, christina romer, outgoing chair of the president's council of economic advisers, will speakbout the obama administration's economic policies. you can see that live on the national press club. underway right now on c-span2, the financial crisis inquiry commission is continuing its investigation into the 2008 collapse of the financial industry. witnesses today include the former ceo of lehman brothers, whose firm into bankruptcy and 2008, and the former ceo of wachovia. that is live now on c-span2. as the 2010 midterm elections approach, c-span is bringing you events from key races across the country. tonight at 10:00 eastern, california senator barbara boxer and republican candidate carly fiorina take part in the first debate from its st. mary's college. this race is rated a toss up. watch live coverage tonight on c-span at 10:00 eastern. while away on vacation, the obamas had the overall office -- the oval office for a mode-- ovl office remodeled. highlights of the changes are new and upholstered furniture and a new rug. we recently spent time with president obama in the ova

this comes after the departure of former budget director peter orszag and of christina romer, the former chair of economic advisers. now only tim geithner remains in place from that original core. meanwhile, it's the administration looking for ways to jump-start the economy and a new reuters poll shows 68% of americans believes lowering taxes will create jobs in the country and 68% say reducing the deficit will help. >>> president obama heads to new york this afternoon to speak at a development summit at the united nations. tomorrow he'll speak to the general assembly where administration officials say he'll walk a fine line on iran in a broad-based foreign policy speech. yesterday, iranian president mahmoud ahmadinejad warned an attack on his country's nuclear facilities would spark a war that would "know no limits" and also weighed in on capitalism saying it's on the verge of death and that it's time for a new economic system and he is just getting going. he speaks at the general assembly tomorrow. >>> eight city officials of the blue collar suburb of bell, california, are scheduled to

council of economic advisors chair christina romer, gone. >> this is tough the work they've do. >> reporter: only treasury secretary tim geithner remains and he's under fire. >> president obama should ask for and accept the resignations of the remaining members of his economic team starting with secretary geithner. >> reporter: the president is reshaping his white house team with five weeks to go before mid-term elections and pollsters predicting big losses for democrats. the timing could hardly be more crucial. john hendren, abc news, washington. >>> it looks like the recession may have taken a dramatic toll on marriage in america. census bureau numbers show that the percentage of people 18 and older who decided to get married last year was at the lowest point since the government began tracking the data over 100 years ago. >>> democracy 2010 tonight -- president obama is trying to rekindle some of his 2008 campaign magic on college campuses and in his backyard visits. the two set strategies play out in four states today. just five weeks ahead of the elections. today at the home of a marin

and peter orzag gone already and christina romer is also gone. >>> equal pay for equal work. a mantra that for decades has been part of the american dream but a report released today in washington shows that closing the waging gap between men and women still has a long way to go. here's abc's tj winick. >> reporter: this was the less than enthusiastic assessment of one expert on women in the workplace. >> women are stuck. despite decades of efforts to create opportunities for advancement, deep inequities persist. >> reporter: exhibit a, the pay gap. according to a new report by the government accountability office it narrowed by two cents from 2000 to 2007, female managers now earning 81 cents for every male counter part's dollar. that is compared to 79 cents before 2000. >> more women are gaining education, we're closing the education gap but not closing the pay gap. >> reporter: while having children contributes somewhat to the discrepancy childless women still make less than men and researchers can't figure out exactly why. >> prejudices that exist are based on ideas that

which is why obama economic adviser christina romer says there is no evidence of a massive skills mismatch. >> this is not the new normal. it's the old cyclical. that we are still in the middle of a recession. we still have not enough demand for a normal level of output, and that's the fundamental reason unemployment is high. >> reporter: but don't tell that to drew greenblatt. he just spent $700,000 on new equipment-- there's just one thing missing. >> we're standing adjacent to five robots that are not running right now. and they're not running right now because i don't have enough smart people like them to set them up right now. >> reporter: darren gersh, "nightly business report," baltimore. >> tom: here are the stories in tonight's n.b.r. newswheel: that employment news led to higher stock prices on wall street. the dow rose nearly 128 points, the nasdaq added almost 34 and the s&p 500 up 14 points. trading volumes were very similar to yesterday's pace. 946 million shares on the big board. 1.7 billion on the nasdaq. b.p. has removed the blowout preventer that didn't stop oil from spil

longtime economic adviser austan goolsbee as chairman of his council of economic advisers, replacing christina romerthe administration last week to return to teaching. >> and, finally, a disappointed romanian lawmaker, who drafted a proposal to tax witches and fortune tellers, claims lawmakers were frightened into rejecting the tax because they were afraid of being cursed. you don't hear that every day. >>> well, tom brady takes a hit, home run leaders add to their totals, and a rare steal of home. >>> plus, the saints come marching into the new nfl season with a win over the vikings. your early morning sports headlines are straight ahead. >>> and we're watching some rain for the weekend. your regional forecast is coming up. you're watching "early today." for those of us who have lactose intolerance, let's raise a glass to cookies just out of the oven. to the morning bowl of cereal. and to lactaid® milk. easy to digest and with all the calcium and vitamin d of regular milk. [ female announcer ] lactaid®. the original lactose-free milk. host: could switching to geico realis a bird in the handre on an

peter orszag, christina romer, now larry summers have all gone. white house officials tell me summers' position will not be filled until after the election, but this is not the only change in the white house. very possible maybe even likely that rahm emanuel, the chief of staff, will run for mayor of chicago. there is likely to be changes in the communications and political team as the re-election approaches so, i would expect a significant reorganization, after the election. now, that is not all that uncommon. >> but not easy to do. >> reporter: not easy to do at all, absolutely. >> let's talk about former president clinton's advice to president obama, is he going to take it? >> reporter: i think he may. first of all, white house aides say the president has already taken a piece of that advice. to go out on the campaign trail and really talk about the choice between republican and democratic policies. now, it is true that the president clinton and the first lady are more popular than the president, but what white house aides say president obama i

this follows the departure of budget director peter orszag and christina romer, head of the council of economic advisors. still ahead on the "cbs evening news"... do you think situation in this country would be different if your wife had been elected instead? but up next, giving teachers report cards and posting them online. they don't like it one bit. seventh leading cause of death and affects more than 5 million americans. the alzheimer's association is taking action, and has been a part of every major advancement. but we won't rest until we have a cure. you have dreams... help the alzheimer's association protect them. act now, go to alz.org. >> couric: states allow student test scores to be used to judge how well their teachers are doing. in los angeles, evaluations of teachers are posted online and they're not happy about it. as ben tracy reports in our continuing series "reading, writing, and reform." >> reporter: these teachers if los angeles feel picked on, singled out, and accused of not being good enough. >> it is unfair! >> when did we become the bad guys? when did we become

. >> reporter: then is peter orszag, economic advisor christina romer before that and others. >> they're bailing because it's going badly. >> reporter: in the midst of that, the president has to finds economic advisor and with the economy struggling for air, many want him to choose someone from the business community. >> he probably needs somebody in the white house with credibility with the business community to influence policies as well. >> the congress is clamoring for people with experience. real-life experience is key to this president, i believe, understanding the way things really are. >> possible replacements include richard parsons, former ceo of time warner and chairman of citigroup and former xerox ceo. but would new advisors make any difference in policy? >> at the end of the day, are the changes going to cause the president to move to the center or to stay where he is on the more liberal wing of the democratic party? >> reporter: when bill clinton faced republican congress he pivoted and said the era of big government is over. even if republicans win the house, president ob

what is the party persona of christina romer? and will it change now that you are getting out of here? >> jason berman said, are you going to reenact dancing in the streets? i will have to take it on my word, we can be the life of the party. [laughter] and i will have a lot more sleep so i will not fall asleep at parties nearly as much. >> thank you once again. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2010] >> we would also like to thank the national press club staff as well as our catering group for organizing the event. for more information about joining the national press club, and on how to apply for a copy of today's program, go to our web site at press.org. thank you for speaking, listening, and attending to date. this meeting is adjourned. [applause] fas >> in a few moments, a live debate between california senate it canids. that is followed by hearing of the financial crisis inquiry commission. and later, middle east leaders speak at the white house at peac

here on c-span, christina romer will be at the council of economic advisers to talk about the economy. >> then live coverage of a debate barbara boxer and fiorin a. >> now house minority leader john boehner at the american legion national convention in milwaukee, he criticized obama for claiming credit for a success built on a troop strategy that the president originally opposed. this is a little less than a half-hour. >> i want to thank the american legion for supporting our troops where ever they are stationed and caring for them when they come home. it is truly hero's work, and i snow i spoke on bea behalf of all of the united states congress when i say to all of you, thank you. i also want to glate commander hill and the hundreds of bikers who participated in yet another successful legacy run. all told you raised more than $360,000 for families of service members who have fallen in the line in the years following the terrorist attacks of september 11, 2001. your efforts serve as a reminder of our shared resolve as a country to never forget 9/11 and keep pace with the heroes that l

it's possible that she could fall by the christina romer wayside.y it's important as marcie wheeler noted today, that people who care about this commission, stay vocal and really engage and make sure they support warren because this only happened because the base made noise and she's only going to continue to have power if they continue to make noise. >> you have to give the president credit though, right? because he did pick her at least to start the agency. >> absolutely. he could be setting the ground work for a really wonderful, you know, opportunity for her to go in and really fashion this. in a functional way. and we hope that's what happens. i think the best chances of insuring that are if the people stay vocal about it and make sure they support her. >> on the next issue, the president goes the other way. oba obama's mocking the left. last night, he poked fun at the nay sayers at a fund raising event event in connecticut saying -- that's a good one. obama. the president is obviously frustrated with those who believed him. last month, robert

they lost christina romer, but i don't thing they are looking at those qualities to the exclusion of all others. it's something that is perhaps a plus factor, make somebody particularly attractive. i don't get the feeling it's -- without that person -- they have to have the qualities and it's a deal breaker. we'll see what they do there. >> one other point is the senate adjourned without confirming the budget director. he is coming over from the state department, a big loss for hillary clinton to lose him. now they've got to start the new budget cycle, don't have a budget director. he does not want a recess appointment i'm told. does not want to leave a confirmed position for a shorter term as budget director. but it's a huge job. a big policy position unfilled. >> reporter: right, and because senator mary landrieu, a democrat, put a hold on this nomination because she's upset about the continued moratorium on deep water offshore drilling off the gulf, she says it's bad for business and hurting the economy in the gulf. that's the issue there. whether they can somehow come to a resolu

summers will soon be heading back to harvard and after the former budget director peter oorzag and christina romer both stepped down, that leaves just treasury secretary tim geithner. will the shakeup of this economic team lead to turmoil or is it an opportunity. i'm joined by john harwood and political writer for "the new york times." so, here we are, john, unemployment at 9.6% and voters look at the polls or go to your town hall and voters deeply unhappy with what's happening. summers was the chief arct tect of the stimulus plan and was this an opportunity for the president or is this turmoil? >> well, i think it's an opportunity for the president, chris, not necessarily to change course because i don't think that's his intention. i think he remain s insinth wit larry summers and it gives him an opportunity to have a new face on his economic team and perhaps to address some of the criticism that he doesn't have people with real world business experience. you could potentially have a former ceo come in and do that job. you can also go with an economist which is conventional thing to do or even wi