the $300 million is for corporate cio, treasury, all of them. >> i said treasury and cio. >> the cio. >> they call it the treasury and cio loss there, right? >> but the whale trade was no longer part of that group. moved to the investment bank. i wanted to clarify that. >> larry, we will get back to you because i wished i had looked at the ft a little closer. hard liners are shifting their stance over the u.s. debt ceiling. the coke group americans for prosperity is urging restraint from republicans during the negotiations. these guys you said are on the right have moved to those guys you said were in the center, some of them, anyway, right? >> i think -- >> these guys are folding, caving. they know obama has them on the run, as far as public opinion. they're running off -- >> nothing is ever simple. the debt ceiling is only 1 of 3. >> you'd sequester -- >> i think we will see the sequester, the path of least resistance. congress has to do something to prevent the sequester and the president agree to it. it's unlikely, 1$1.2 trillion, using the dollar for dollar basis, do it twice an

the guy sitting right here was the cio of kimberly-clark, an old friend of mine. so i asked him how many servers per employee he had, and he said we had 0.4 and headed for 0.2, proudly. ok, who do you think is sitting at 30 to one? facebook. would you think is sitting at 50 to one? for your technical people in the room, do you think they are operating inefficiently? no, i do not think so. furthermore, do you think that they are using all those servers to serve up web pages? no. right? these are truly information- power businesses. at the end of the day, my opinion -- lots of people may share this -- is all companies and that being information companies. all companies and of being software companies. i just did he know speech for a large german car company that you may know, that is clearly when you start realizing what they are trying to do, right -- it is really can we use all this cloud technology to takeoff structures down and across this down so now, i can change and 8% spent on a bunch of stuff that other people can go due to 80% i get to build applications,

there is a bay area company -- i will not name names, but the cfo walk into the cio's office and said, "no more capital expenditure." the reason why i talk about this as a business model is -- and, by the way, i would be happy to send any of you guys a copy of this book. or if you want epub versions, we can do that. i will not to the lecture on all seven business models, but i have tried to break down what happened in the entire software business into seven for the metal business models that are very different economically. the reason why i talk about cloud computing being in business model -- i'm going square to the story of computer and storage and say that amazon -- i will pick on brother amazon -- amazon's innovation was not technology. it was not technology. they have to use virtualization technology to enable what they are doing, but their innovation was not virtualization. for the old people in the room, ibm did this in 1972, right? their innovation was 12 cents an hour. 12 cents an hour. and transparently. we could go right now and look it up. you can buy it for 12 cents an ho

we have had discussions with both labor, the afl-cio, seiu, business, other business groups, and while we have been negotiating these principles, they have been sitting down talking to one another. it would be best from all points of view this business and labor could agree on a future flow proposal. obviously, we would have to agree with it, too. that would be helpful. according to both donahue and trumka, they are making a lot of progress, much more in 2009, and in 2007, when john and senator kennedy worked on it. >> [inaudible] you are talking about importing tens of millions of those skilled laborers. what would you say to working- class americans who worry that their wages and jobs will be lost -- >> it is in our principle that we will tie future float to employment. if there are jobs available floor -- four americans to take, that will be one of the major components of future flow. if there are jobs that there are not americans for, then, obviously, it will be much easier for people to come in. an example, farm work. americans, by and large, wherever it is, americans do not do th

most of the mistake was in cio. >> let me ask you about the u.s. we saw that mortgage originations were up huge for you in the quarter. you talking a lot in the last couple of years now about housing really showing some improvement and having bottomed. where are we in that? what are you expecting in the next couple of years in terms of housing? >> housing has total li bottomed. it's getting better. you saw todayy sales come so fa down they're in short supply in certain markets. all the indicators. 3 million a year, cheaper to buy than to rent. all time affordality because price lower. mortgage rates are like 3.5%. but it's not going to be an absence in the economy. i really think about this point the ecomy will drive housing. >> what are you expecting elsewhere in terms of the regulatory environment? we're all wondering how this plays out, how the vogel rule plays out? what if it materializes and forces a separation from proprietary trading and plain vanilla deposit? >> that's not the volcker rule. >> nobody is doing proprietary trading. i always r

>>contrario al pasado, la caÁmaa esta en conversaciones con afl c cio para buscar una forma de v involucraradores temporales. gtra trabajan de la mano paraÑ evi e un fracaso >>para los republicanos es de su interÉs mejorar la mala imagen q que tienen entre los latinos >>cuando barack obama inicie i oficialmente su segundo mandato arrancara con mÁs fuerza el e esfuerzo por congrcretar una o reforma migratoria, nadie sabe el resultado, pero ya comenzo. >>y hablamos con marco rubio quien trabaja en una propuesta bipartidista, que segun el po r poddria ayudar a legalizar a quienes viven en este paÍs sin p papelees. >>estoy optimista, es difÍcil en estos dias con el amibnetbien t politicpol polÍtico que exitgste en washington, pero estoy optimi optimista, los principios uque e tocado son de la mayorÍa de los republicanos. no es difÍcil entenderlo, es una modernizacion del sistema act a actguaactguual de inmigraciÓn, impulsar una ley en la frontera, sitios de tr trabajo, es buscar la manera en q acomodar a esas persona que e estan aquin sin documentos, po porque estas personas van a e estar aquÍ

angel capitol cofounder and cio. we'll be watching. thank you. >> thank you.heryl: so you all know about the gold rush, 1949 but it is 2013 the year of the black gold rush? where are investors and drillers flocking to? coming up after the break, david sodoo tells us how to get into the u.s. oil boom. ♪ . man: we are rolling. all right, mama's gonna bring it home, mama's gonna bring it home. oh, no! man: oh, mom! aah! announcer: challenge your kids to be active and eat healthy. all right, let's see what you can do. let's go. announcer: search "we can" for ideas on how to get healthy together. cheryl: in today's inaugural address president obama addressed the need for sustainable energy, new energy technology to power job creation in his second term. let's take a look how energy did during the president's first four years. the s&p 500 energy sector is up about 50% since the president took office. most energy commodities are up two. rbob and crude oil are leading the way. those contracts we talk about them every day on this network. over the past four years crude

there are 24 major agencies in the government. 243 cio. i don't know what the word chief is supposed to mean exactly, but it certainly does not mean -- a lot of indians calling themselves season being paid well for the reid will need to change that committed but it's aligned. gerri: it looks like a company having scores of ceos. i can't imagine how that works. another example from the gao study because i think it's hard for people to understand the redundancies, the way government just wastes money every single day. in the department of defense maybe they have personal a sign systems, one for officers, another one for enlisted personnel in the third to reservists. that would seem to make no sense. consolidate, save money for taxpayers are putting up knew bill. it just makes no sense. gerri: are not only right, but i give you one that shouldn't urea even more. i went on active duty as an enlisted man in 1970 and left active duty as an officer in 1980. i had two sets of records, sometimes three at all times. my active duty records, the reser

they're not wanting to your voice to my guess, within the administration or within the afl-cio, and wed that the most americans would agree that we could avoid a lot of the pitfalls, of the problems that we have had in the past about immigration polies if we would bring in the front line troops to do the jobs, not the managers are the political appointees to do what they're told or see what they're told, but the people that actually do the jobs, give some insights our lawmakers when they sit down to make these laws. we think that is critically important and hope to see that happen quick. lori: are you encouraged to discourage it with your from washington? >> i would have to say that i am a little bit on this tourist side. we're absolutely open to hearing what any of our lawmakers our political leaders have to put on the table, but, you know, for us just as one example, when i read to the bipartisan comittee framework, there was no mention of immigration and customs enforcement whatsoever. you really have to look hard to see any kind of mention on the interior enforcement of our laws, y

when you look at it, the percentage of women in ceo and cio positions are really only 20% so we've madenroads but not as quickly as we probably wished there were but there's some inroads being made. in order to continue there has to be women in those positions and managing the money and in the ceo and cio roles of their firm. >> how did they do it? your data resulted in these results for the first quarter of 2012. can you pinpoint what they did to have these verdict as i tonight have a better performance than their male counterparts? did they just get the market right as opposed to others? what did they do better? >> you know, it actually was for both the nine months and into 2012. we went back and looked for a five-year period. yes, 6.6% but also over a five-year period. wasn't solely that piece. won if we specifically know what they did but it's a ground breaking peace. research done in the past with minority owned funds and this is the first time we've looked at them to see how they have involv perform. >> what about the investor class? is there the same can i verseification you migh

. >> what do you think about the fact that we have already heard from two groups, the afl-cio and the heritage foundation. they are already reacting to the details of this deal and say they do not approve. what do you think the headlines will be tomorrow? you know, whether its on twitter or wherever, from all the various special interest groups in reaction to this? >> well, the afl is kind of confronting a reality in washington that they don't have the power that they used to. and one of the pieces of evidence for that is in the capital gains and the dividends part of this, which was not a big part of the conversation. but a major concession that republicans got was that dividends were going to go up to 39.6% tomorrow. as part of this deal, instead, they will be taxed to 20%. that is a huge cut for the extremely wealthy. and it is only the kind of thing that congress could do if there was no organized labor opposing it. because you have the investment class on one side, and nobody kind of making the case for higher taxes on dividends. so the afl doesn't like thchis. but there is not g

in the last hour, richard trumka of the afl-cio tweeted the following -- we can't set the stage for further destabilizing hostage-taking from -- in the form of another debt ceiling crisis and another sequester crisis. joining me now from capitol hill by phone is nbc's kelly o'donnell. kelly, tell what's the latest is that you're hearing on this deal. >> this is a major breaking development, milissa. we have learned from multiple sources who have been directly involved in negotiations that they have reach and agreement in principle between the white house and senate leaders. of course, this will still need to be voted on by members in both the senate and house. but this is a very significant breakthrough three hours before the fiscal cliff deadline. what i am told is that there is still the possibility that democrats when they meet with the police department may express some of their concerns. but expectation is that the vice president will be here in about ten minutes to meet with democrats to lay out the plan. this has been negotiated between the republican leader mitch mcconnell, the pres

jerry irvine is cio of prescient solutions, an it outsourcing company, and he's a member of the national cyber security task force. this sounds very scary. what are these bad guys doing? > > it is very scary. the problem is, just as in medicine, you can't fix a virus unless you know what it is, and you can't fix a computer virus unless you know what it is- > so it's reactive instead of proactive. > > it is always reactive. > so how big is the problem? are the bad guys realizing that this is a window of opportunity, and they are front-loading viruses as quickly as they can before the nortons and mcafees can get ahead of it? > > that is exactly what happens. they will look to see what problems exist in an operating system or in an application, then they'll write a virus for it attacking that specific weakness. and it will take three, five days, or even a month for an antivirus solution, or for microsoft or another vendor to put a fix out to- > and by then the bad guys have gotten away with the information that they want. so, tell me, is this mischief makers, or is this malicious, with crim

the afl-cio, sat on the fence for years ons issue of illegal immigration embraced it 6789 what's thet? more illegal immigration, lower wages for unskilled labor, and for lower education levels, and they brought in their -- and seeking more members, they brought in competition for their members. they got away with it and continued to do so. >> so how do you think they respond now to try and stay alive because, you know, now it's a last gaffe type situation. >> well, trmuka is already out on all sorts of nonsense. until the afl-cio has a relationship to the well being of its membership that is direct, that is measurable, quantity, they are going to continue to slide. the only place where there's going to be a slower erosion of union memberships, not power, but union membership, will be in public employees. the local governments, of course, the highest employers of union workers because, primarily the teachers unions, but we're seeing the federal government have to roll back. i mean, it's happening right now. we're going to see a great collision around the postal service which has hundr

afl-cio. a required stop for democrats. >> i've been intention r mentioned as a potential presidential candidate and i've been occasionally written up. and i began to think, well, my lord, it must be true. i must be really moving. i've got a blue suit and a redge mentalal stripe -- regimental stripe tie and launched out on this campaign to be president. chris: biden's candor pails in comparison to bill clinton when he first surfaced in that same year. clinton had a big spotlight, keynote at the convention when they nominated mike dukakis and clinton bombed and had to go on the carson show for damage control. but he still wasn't shy about his huge ambition. >> you are governor of arkansas until 1991? >> that's right. >> yeah. where were you looking beyond that politically or are you? >> depends on how i do on the show tonight. [applause] >> would you entertain a running for higher office? president? >> i would like to do it sometime. we decided that we would wait. until my daughter was old enou

she was also the cio of the san francisco municipal transport station at 40, and she was also managing clorox's data centers previously. thank you for being here. with so much brainpower and prospective in this room, i will actually ask each of our panelists to take four or five minutes and give us a landscape of where you think of computing is today and where you see it going. am standing here with these microphones makes you feel like what rupert murdoch must have felt like this morning. i have no direct knowledge of the cloud. [laughter] let me make a small correction since my academic colleagues -- you're so sensitive to this. i am lecturer at stanford university, not a professor. that is another level of this conversation teary let me extend the conversation a little bit. one of the things that it was after i left or go, i taught for many years at stanford and talk, as i told the kids, real stuff. i started a class on cloud computing. three years ago, i started a class at the university in beijing as well on this subject because i feel it is really important. we are in my opinion

a new survey for from gartner of more than 2,000 cios in 41 countries finds plans for total spend down with digital technology, mobile devices and cloud computing, among their top priorities. joining us in a first look at the survey is mark mcdonald, group vice president of gartner's executive programs. mark, good morning. so down half a percent. let's start there. this actually is a continuation of a long-term trend. is it a headwind for tech companies? >> well, it's not so much of a headwind as much as a realization that there needs to be a transition from what i.t. has been to what technology needs to be in the future. across those, you know, 36 different industries, we see organizations kind of moving from technology kind of tending to current operations and a focus on cost and doing more for less which really meant more about doing less to trying to realize more growth and value through the application and deployment of digital technologies like mobile computing, analytics and big data, et cetera. really driving those business demands for growth and operational improvements. >> th

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we are getting the cios and top marketing and technologtechnolog y people from universities have ever major company in the united states and certainly the world. it's not only wall street coming to the financial community is the marketing people. is the car companies percolated the 10 largest car companies. we are virtually getting everyone from around the world involved in innovation and technology and that is really important for our show and for industry and good for a country. >> is this largest trade show in the world? >> guest: by many measures it definitely is in terms of innovation and in terms i think of the number of visitors and we have over 5000 press here. at the attendance is a little difficult. the europeans count the aisles and we only count the spaces we sell. we are definitely the biggest innovation show in the world. there is a construction show with heavy equipment that puts a lot of things outside with every peers. we are the biggest annual event. >> host:>> host: gary shapiro ye been estimates of how many foreign visitors walk the floors here and it's a huge cont

we're getting the cios the heads of marketing and technology people from virtually every major companyy the world. it's not only wall street that's coming the financial company it's madison avenue, the marketing people it's the car companies. eight of the ten largest car companies are here. we're virtually getting everyone here from around the world involved in information and technology, and that's really important i think for our show it's important for our industry and our country. >> host: is this the largest trade show in the world? >> guest: you know by many measures it definitely is. definitely in terms of the amount of innovation in terms of i think the number of exhibitors, definitely the press, we have over 5000 press here. the europeans count people every day they come to a show, so the attendance is a little difficult. europeans count aisles, we only count the space we sell. so we're in a battle sometimes with the europeans as to who's the biggest. we're definitely the biggest innovation show in the world. there's a heavy equipment show every three years, we're the biggest

los primeros cio, diez minutos y luego se pasa al trote. o.k. esto, lo que está haciendo ella es...o va subiendo y bajando y siguiendo el movimiento del caballo. y así en trote se puede hacer... ¡eh...! bastantes figuras en un rectangular, ¿sí? para esto se usan las letras, ahí tienen el "f" el "b" el "m" y al otro lado también. ahora le voy a preguntar a julia que me haga algunas de las figuras que se hacen. o.k. la diagonal cuando quieras. ahora va a cruzar el picadero... de un rincón al otro. y en la mitad... dónde está la letra "x", se va a quedar sentada una vez, para salir bien, en el arriba abajo como... que se llama en inglés se llama "posting" ♪ o.k ahora que vieron a julia montar voy a montar con ella. ♪ bueno, ya terminamos. qué bueno lo pasamos ¿no es cierto? sí. así podríamos hacerlo todos los días, sería lo mejor. sí. lo bueno para ella es tener esta relación con estos animales magníficos y que lo pasemos... podemos pasar juntas, todo el día afuera. ¡eh...! establecer las relaciones con los caballos. y poder hacer el deporte juntas. esto le enseña responsabilidad y...

-cio and celeste i know a lot of these meetings thus far have been done behind closed doors so there's not a whole lot that we do know but i want to get your take on what we know so far about the t.p. p. if it continues as it's been going who would be the winners who would be the losers . we don't know part of the problem is we don't know how much we don't know but what we do know there have been public statements there's information available on the united states trade representatives website there have been some leaked tax of and if they're correct they give you a. feeling of what may or may not be in it but in general it looks like it's going in the same direction as past u.s. trade policy specifically the nafta free trade agreement the captive free trade agreement the more recent korea free trade agreement and in those agreements the big winners are the multinational u.s. corporations some workers fair fairly well many workers found that they lost their jobs and that their wages were suppressed so in general it's sort of a you know the rich get richer and the poor get poorer type a

the of the afl-cio like it, but rank-and-file workers do not want amnesty. every single industry -- >> why? >> i'll give you a chance to response. >> thanks you. gerri: basic economical history. when you bring in labored to an industry where u.s. citizens are unemployed wages go down because you increase the supply of labor. it has happened everywhere which is why rank-and-file workers he is going on. they seek wages dropping in meat packing, and industry were used to be able to us name and -- feed your family. now wages are gng down in real dollars. gerri: and marshall, you say? >> but -- gerri: their is a difference between gdp of what you to come in your pocket to my friend. >> absolutely, but the reason why 65 percent of americans support this is because it is the only realistic solution on the table. chris called for self deportation, but look where that got mitt romney. this is not an issue that is -- we of the the -- we have undocumented people living here and spend 18 billion per year and immigration enforcement. gerri: and strangely obama is spendin

or afl-cio. >> dana: one is illinois. >> eric: they are both the united states flag of illinois.at you like to talk about. who is sworn in with the warmest temperature at the inauguration? >> greg: ronald reagan. >> eric: bill clinton. abraham lincoln. >> greg: 55-degrees. >> eric: coldest? it wasn't al gore. >> greg: i have a trivia question for you. what inauguration was conducted in cantonese? the next one. think about it, america. think about it. >> eric: 45. two more. beyonce sang what song? anybody? >> kimberly: today? >> eric: kelly clarkson sang what song? >> bob: god bless america. >> dana: i don't know what it was. >> eric: country tiz of thee. best song was the brooklyn tabernacle choir sang? >> dana: battle hymn of the republic. that was my favorite. >> kimberly: i am on dana's team. >> eric: my favorite question of the day. the inauguration lunchen, coveted invite, 200 people are invited. which items on the screen listed where on that menu? lobster tails? yes. yes. grilled bison? >> absolutely. >> bob: no. >> eric: you say yes. >> kimberly: i like it. >> dana: good r

he said, because the afl-cio opposed it.that was constantly at the forefront of opposing that form of immigration reform was a senator from illinois named barack obama. he carried their water on blocking this pathway to citizenship when he was in the senate. the afl-cio put out a press release yesterday talking about the importance of not compromising on citizenship. so the unions themselves -- there are a lot of cross-currents here. the unions themselves don't want an influx of new workers in america, do they? >> no, they don't. that's one of the reasons this organizing for action, jim messina's full-time job is trying to get the union's in line, but it's going to be hard. it's hard on the democratic side. we're not even talking about the difficulty on the republican side getting it through the house. this is a senate democratic problem. >> so the republicans in the house, in effect, could stare at harry reid's senate and say okay, immigration reform, that's great. you guys pass it. >> say bring it. >> yeah, bring it. gun c

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available to everyone in the world individuals would bring the tool in their work environment and then the cioy, we have hundreds of people using these solutions, let's employ it for the entire organization. we build the box as a hybrid software company where you're bringing value and serving the end user and also able to sell to you and integrate the more traditional means enterprise is putting together for their strategies. >> you're there to accommodate whatever it is. we're working on a tradition pc or someone has a tablet, android or iphone, you're about integration. you're not picking winners and losers yourself. >> yes. >> gavin: that said you partnered with some of these large, covered the saps, the sales force, but also the big boys and what the idea of those partnerships is a recognition on their part that they need to be part of this world that's changing? >> yes. >> gavin: and they need to be more nimble. >> it's recognition that they need to change and bring new parts to the market. the best example we have is microsoft. microsoft for six or seven years we were competing with them

afl-cio president donald trump d trumka criticized it on other issues. >> the job council that didn'tce the jobs program you say what are they up to? >> republicans say the council was ineffective are the same ones who block the president's job proposal. >> when we hear the ridiculous criticism from this it comes from people on capitol hill who have consistently opposed every growth initiative and job creation initiative the president put forward. >> mr. obama issued a number of executive orders. >> bret: consumer spending slowed in desplat pite holiday season. income surged by 2.6%. the dow is down for second day in a row, falling 50 points. the s&p 500 dropped four. the nasdaq was off a fraction. senate signed off on pushing the debt limit deadline to may. senators prove the house bill that also includes provision some insiders are calling a bad idea whose time has come. chief political correspondent tells us more. >> they approved the house back no, budget no, pay bill with the current debt ceiling of $64 trillion in mid-may when it is estimated to be $50 million more. the house an

in 2007 when we tried to do immigration reford, he folded like a cheap suit when the afl-cio allowed temporary workers and president obama put a sunset on the provision and he destroyed the bill for business. i don't need a lecture from barack obama about bipartisanship. he was never very good at it in the senate. if you speak tomorrow about immigration reform, i hope you don't suggest you're going to take a pathway to citizenship and delink it from the border. and if you do, you know what will happen, 20 million illegal immigrants years from now. >> greta: in 2009 i listened to the speech and at the time a democratic house and democratic senate. why would he not take time for immigration reform. because you can't move multiple bills through congress and eat and chew gum at the same time or wasn't his heart in it. >> in 2008 he promised immigration reform in the first year of his presidency and led off with obamacare and that took all the oxygen out of the room. >> greta: he can't do both? >> by the time obamacare was done, took the whole year and the place was divided and bitter. an

richard trunka of the afl-cio, one of the folks who came out and said he doesn't like the deal. urging democrats to turn this deal down. at this point, based on the reporting coming out of that meeting that vice president biden had with the senate democratic congress, it doesn't appear a lot have been swayed by liberal democrats who believe this is not good enough. the people on the right will see this as a compromise to some extent as well because they moved the needle on taxes and because they are dealing with the sequester now and reporting this in this dual way. both through new revenues and cuts. not for the president for how he might see them deal with. this will be another 11th hour knock down, dragout fight two months from now. we'll certainly be prepared for that. again, room for compromise within the sequester and the other point that he brought up, by officials who were close to this talk on the democratic side is that they have left themselves some room for negotiations. in other words, there are other tax revenues that they can get in the future. through scaling bac

the afl-cio service employees unions, the teachers unions, and the national labor relations board whichd with his democratic allies, pro labor, driving the principal agency in charge of relations between business and labor. >> megyn: they've tried to make it as easy as possible nlrb for a company to union, a work force to unionize. why is it? because the companies are hurting and therefore, they dent feel -- the unions don't feel like they could extract what they want from the company, so why bother? >> well, the unions are extracting what they can and it has risen in point of fact. and the extraction takes place really between the union member, the man or woman, working as a member of the union sending his or her dues, which are just about $700 a year, on average. that is the extraction that matters. >> megyn: they get benefits for the member and the union shops tend to get better pay. >> and they get better pay and a political direction that folks who are not unionized don't have to worry about. >> megyn: because thee spend the money on politics. >> this symbiotic relationship between

progressive and varied as the naacp, common cause, the sierra club, greenpeace, jobs with justice and the afl-cio. along with an affiliated campaign called fix the senate now, they are working hard to change the filibuster rules. take a look at their ad. >> as climate change threatens the world we leave to our children and good u.s. jobs move overseas, time in the senate has expired, as women earn less for men in the same jobs, time in the senate ticks by. it ticks by with no results because the system is broken. but we can fix it and make the senate work for us again. if our senators vote to end the silent filibuster and for common sense reforms. >> they have only hours to do so. unless the senate reforms the filibuster on tuesday, the minority wrecking crew remains in charge for the next two years. larry cohen, welcome. >> great being with you. >> if the democrats were back in the minority, would you be making this fight to reform the filibuster that you're making now? >> absolutely. because we believe that what a democracy means is that the american people are entitled to get discussion, debat

the afl-cio and all the unions will be there. and i think the vast majority of the american people are going to be there. what we are talking about, ed, and you made this point, we're not talking about financial issues. we're talking about ideology. what the republicans want to do is destroy the social safety net that has existed in this country since the 1930s. they just -- they want to give more tax breaks to people who don't need it and decimate the programs that working families and the middle class desperately depend upon. this is a fight for the soul of america. it is a fight for the soul of the democratic party. >> the conservative editorial page of "the wall street journal" thinks the debt ceiling threat is a bluff. they wrote today, "you can't take a hostage you aren't prepared to shoot." do you think republicans are willing to shoot the hostage in this negotiation? >> well, what i think is that the employers of many of our republican colleagues, wall street, and the big money interests know absolutely that if the united

the statement, afl-cio president richard trumka praised her tenure saying -- president obama is reportedlyo nominate his chief of staff, jack lew, to replace timothy geithner at the treasury department for obama's second term jack lew widner geithner in heading treasury after a stint on wall street, working at the financial giant citicorp between 2006 and 2010. the u.n. arab league envoy to syria has issued his strongest words to date against the regime of syrian president bashar al- assad. speaking to bbc news, lakhdar brahimi appeared to endorse al- assad's departure from government as part of any political solution in syria. >> what people are saying, it is a little bit too long. so the change has to be real. i think president assad could for what hislead an people want, rather than resisting it. >> afghan president karzai is in the u.s. for talks with president obama on u.s. troops levels in afghanistan after the withdrawal deadline of 2014. obama administration officials have recently floated troop numbers ranging from zero to 20,000 after combat operations formally come to an end. ka