>> un juez federal ordenÓ que s sospechosos de terrorismo, fuera trasladado de colorado a nueva york armas de destrucciÓn masiva. expertos coincidentes que es lo mÁs cerca que se ha estado a otro desastroso ataque. >> le estÁ otorgando al fbi de esas herramientas necesarias para combatir al terrorismo. >> esta semana se detuvo a otros dos sospechosos de terrorismo. las autoridades dicen que estaba en contacto con extremistas por la internet desde su hogar. el fbi posando como una cÉlula de la cadera le proporcionÓ un carro bomba ficticio, cuauao tratÓ de hacer detonar la bomba fue arrestado. en otro caso similar, cocinero de 29 aÑos, al tratar de hacer detonar un camiÓn con explosivos falsos. estaba a punto de tomar acciÓn cuando el fbi se involucraron le dieron una oportunidad de actuar que controlamos. >> h@tóryx]ejfkph@univisionulti investigaciones, el gobierno alega que estuvo planeanunivisi presidente, que lo acompaÑan en la embajada de brasil comenzaron a sangrar por la nariz y al orinar. debido a los efectos tÓxicos de gases. >> hay compaÑeros con dificultad para respirar, san

the temperature at the airport s >> federal authorities say a man accused of a terror suspects had a plot more dangerous than this country has seen in years. 24-year-old najibullah zazi was planning a bombing on the anniversary of 9/11. he was arrested last week in denver and was charged with lying to investigators. he was caught with bomb making instructions and materials. >> this is something that looks like he god training at a real terrorist training camp which is a distinguishing factor from the home grown cells we have seen. >> authorities are trying to figure out if the plot involved other suspects. it is up to iran to avoid a confrontation, president obama's warning today after revealing that i ran has been secretly building a nuclear facility. steve handelsman has the latest. >> revelations of the secret facility. president obama -- >> iran on notice, that when we meet with them on october 1, they will have to come clean or will they continue down a path that is going to lead to confrontation? >> u.s. officials say the once secret plan is an underground, almost ready to star

this jo at s federal bakers incorporate in sterling, rginia that business is looking rfo a mechanic to do daily maintenance on industrial machines. for this job and many others go to myfoxdc.com and click on the job shop tab near the top of the home page. >>> next week the president is going to turn his attention to the financial crisis in this country. mr. obama is scheduled to speak on wall street on monday about the latest efforts from the government to help stabilize the financial sector. the speech comes exactly one year after the collapse of lehman brothers which triggered the global fi tim geithner has said things have improved since then. >>> a brother left high and dry. david drier was diagnosed with leukemia. his brother agreed to give him his stem cell but with a hefty price. he gave him $30,000 as requested and you never heard from him again. he's suing his brother on civil theft, and unjust enrichment. >> him and his wife disconnected their cell phones in january of 09 and i called him at home and he stopped taking my calls. >> he delivered $37,500 to him. and is this a ca

another to make sure there are s no federal funding available for abortions. >>> listen up. if you have a toyota. the biggest u.s. recall ever for a potentially deadly problem that affects the top-selling camry and certain lexus models. our money expert jennifer westhoven is here. this is all about potentially deadly floor mats. >> yes. this is a really important problem. i think you might not think about it. more than 3.8 million cars are being recalled. what's happen sing the floor mat on the driver's side creeps up and then can jam down the accelerate oor pedal. your car speeding up out of nowhere. there have been 100 reports of problems. five people have died. 17 hurt. 13 crashes, including a san diego off-duty highway patrolman, his family. if you have a car that's affected toyota says don't just take the mat out and think it is fine. maybe put in a new one. that's now mao r how it works. go to the dealer. if it happens to you, toyota says try to pull the mat out or step on the brakes with both feet if you don't have time to do that. some models being recalled, c camrys

rward tossure that as theconomy recovers, the federal deficit cos dow on a substantial scale, that we do things like e president's trng very hard to do with s health car legiation, thatconstrained the growth of major parts of federal cost, o which health care is probab the most importt. those e very imptant things do if we're going to have a reasonab and sound treasur market going fward. >> larry summs direcr of the nationalconomic council, thank u for your time. thank you. >> sus: here's a brief rundown of today's top sries. fedex boosted its profit outok foboth the current and next arters. thshipper says an improving global economy and sble fuel prices a helping its bottom line. microsofand yahoo today confirmed the partment of justice has asked for more details about theionline advertising agreemt. both firms are cooperating wh the quiry. and consumers are feing a little betr about their economic prospts. the unersity of michigan's consumer sentiment svey hit a three-month high early ts month, risg to a better than expected readi of 70.2. consumer sentiment iclosely watched as a gau of future spding. >> pau wall street opened moderately

components of explosive devices and traveleded to new york on september 10th to further s criminal plans. federal agents say zazi admitted receiving explosives training in al qaeda in pakistan last year. his mother 53-year-old mohammed zazi and a new york religious leader have been charged with lying to investigators. the elder zazi today was released on several conditions, including electronic monitoring. the arrests prompted new security alerts from stadiums to hotels with renewed fears of backpack bombs. the university of michigan has banned any type bag or purse at saturday's football game. the investigation continues into what federal agents believe was a serious threat to the american public. >> authorities say zazi bought chemicals that could be used to make a bomb from a beauty supply store in denver and practiced making bombs in a hotel room. >>> tempers flared today on capitol hill in a debate over health care. senator baucus accused senator jon kyl of delaying the process. >> mr. chairman, i am not delaying. i'm making an extremely important point. >> you are also delaying. >> mr. chai

s. e. c., congress, and a federal judge all wanting to do something against the company. so that's the reason why now. >> susie: do you think that the obama administration had anything to do with lewis' departure? >> well, to the degree that they control the s. e. c., the answer would be yes. but i'm not sure it's at the top of their agenda. >> susie: all right. who will be lewis' replacement? could you see it as being from the outside or somebody inside the bank? >> well, the to people i think would be in top position would be brian moynihan, who is the head of the retail bank, and the person that i like the best is barbara desoures,. >> so you think it will be an insider? >> i believe. so it would be against the tradition and culture of this company to take one from the outside. >> susie: what about sally kraucheck who just got a big job over at bank of america? >> he's not in the running because she's not a bank of america person and she has no history at the company. >> susie: what do you think will be the null one job of the new c.e.o.? >> you've got to control the l

federal level that has the clout and power and stature to make something happen? >> we do not have a voice down there. it is interesting, i had breakfast with rubin bridges, out early 1960's in new orleans, and she famously integrated federal marshals in school, people through tomatoes at her. norman rockwell did a famous painting about her. that school is now boarded up. there are some signs that the school is doing better, but by and large, people's feeling in it or lanes is there is too much damage to deal with and neighborhoods are running away, and history i think will show it is one of the tragic resort -- results of recent american history. i do not know how we get the momentum with the deficit and iraq and afghanistan and health care debate. it is hard to focus with such a full agenda, but we cannot forget about new orleans. we have to keep reminding people. tavis: your new book, new york times best-seller list, "the wilderness warrior," strange question, but since we were talking about new orleans and the environment and concerns, what is happening now in that city, juxtapose for me roosevelt's legacy and the drama we still see happening every day and north lanes

federal courthouse there. here's pierre thomas. >> it s around noon wednesday while the springfield federal courthouse complexpacked with people. the fbi says this man was trying to blow up the building. according to police, michael finton drove a van he believed was carrying nearly a ton of explosives and parked it in front of courthouse. then the fbi says finton got out of the van, jumped into another car and dialed a cell phone to remotely detonate the bomb. it was ating operations. the explosives were fake. finton was arrested. >> he talked about a number of targets. this is just just one of them that he identified that was important for him to attack. >> reporter: sources tell abc news finton converted to islam while serving time in prison. authorities say he became radicalized and tried to become a pen pal of john walker lynn, american caught fighting with the taliban in the days just after 9/11. the fbi claims he met another radical. the man was a government snitch. those phony cell members supplied finton with fake explosives. finton was charged in the same courthouse he allegedly planned to blow up.

and a lot of this money -- acorn has got something like $15 million from the federal government since the mid-90'sng the bush administration. there are, as you pointed out, housing grants, loans, and a variety of other programs that acorn has gotten on both administrations' watch. and this is a long way from getting to the president's desk. will he sign a bill that de- funds acorn? that will be a big question, but somewhere down the line. rick: very interesting. chris wallace, good to see you. on sunday, chris will be joined by the acorn ceo, bertha lewis, and daryl isa, head of the house government oversight and reform committee. when we come by, breaking details in the investigation into terror raids in new york city. . gecko vo: geico's the third-largest car insurance company in the nation. but, it's not like we're kicking back, now, havin' a cuppa tea. gecko vo: takes lots of sweat to become that big. gecko vo: 'course, geckos don't literally sweat... it's just not our thing... gecko vo: ...but i do work hard, mind you. gecko vo: first rule of "hard work equals success." gecko vo: that's why g

federal positions. it's public service, and 's got that dimension, but for the individual themselves, there is no occupationo type of job that you could look for that you can't do somewhere in a federal government agency. and it is not about bureaucracy. these are exciting jobs. and no matter what it is, there is something for you to do. >> i am the lead engineer for avionics, and i love it. >> that is very impressive. where do you work? >> i work for the united states government. >> how do i start? how do i find those opportunities? what we've been doing is to put more things online, for example. usajobs.gov is the main entry point to find jobs that the federal government has across the country. >> i went to the web site, i examined the qualifications and responsibilities of the position, and that helped me decide whether to apply. and i used the usa jobs website to apply for the position i have currently as a toxicologist. >> to encourage more hispanics to take the same steps, the office of personnel management has launched a new ad campaign, targeted to the hispanic audience. >> we really do have somethi

s. shepard: republicans are calling for all federal funding to be cut off from acorn, as an undercover videoee of that organization giving advice on how to cover up a child prostitution ring. a man calling himself an activist filmmakers shot the video in san bernardino, calif ornia. the young woman you if you're asking for advice is pretending -- the young woman that you will here asking for a vice is pretending to be a prostitute asking for advice in opening a brothel for underage girls. acorn has claimed that some of the videos were edited or doctor, but the video also says -- the video has the acorn in placing her supervisor would shoot down the idea. that is exactly what it did. >> they did not fill out an application for loan. -- for a loan. they did not fill out paperwork. shepard: john boehner sent a letter saying that it is evident that acorn is incapable of using federal funds in a legal manner. steps must be taken to ensure that no further tax dollars are given to them. we have more on our website, foxnews.com. you may not have the colors memorized, but most folks know what they me

there was concern that the federal reserve would use fewer tools to boost the economy. morgan stanley tells bloomberg that the s may ended the year round 1050 which is 1% below yesterday's close. stock futures looking a slight bit lower for today. marriott and choice hotels -- luxury hotel owners risk defaulting on their debt as many rooms go empty. 1500 hotels may be in danger with their debt. bloomberg news, reporting for wbal tv 11 news. >> thank you. we will see you back here at 6:15 for your next report. >> coming up, we will get another look at your morning commute with traffic and weather together. >> the number for the ravens and the browns goes far this season. the ravens players may not see it that way. we will tell you why next. >> do not forget to e-mail us your answers to the water cooler question of the day. do you think more personal time results in better productivity at work? email us your response to watercooler@wbaltv.com. ( music throughout ) hey bets, can i borrow a quarter? sure, still not dry? i'm trying to shrink them. i lost weight and now some clothes are too big. how did you do it? si

it's a serious allegation, and federal officials say it deserves a serious response. news 4's tracee wilkins joins us live from union station with more on what commuters can expect. >> reporter: good morning. they want them to be on alert. they want random seahes of mass transit. and they also want to see some security officials actually board trains and also buses. now, of course, this all stems from the arrest of those possible terrorists and fbi officials say while they're under arrest, there's also the possible threat of other terrorists connected with that group as well. some unidentified official sources have leaked concerns that if there are other suspects out there with backpack bombs, trains would be a likely target. fbi officials sayeveral individuals in the u.s. and also pakistan are being investigated in connection with this case. now, according to associated press, federal officials are recommending transit systems do random sweeps at terminals and stations and patrol and also board some trains and buses. now, folks who we talked to this morning are saying that if

as for here at home, the dow fell 81 and the nasdaq dropped by 15 and the s&p down by 11. >>> the federal reserve did as expected and left the key interest rate at a record low. policymakers were upbeat about the economy saying it shows signs of improvement but they were disappointed the didn't give an indication of when they may raise rates in the future. >>> in the next 30 minutes, one way to stop flushing money down the toilet. >>> the internal revenue service has joined a list of government agencies severing ties with acorn. irs officials say they will no longer include the community group and its volunteer tax assistance program. a sting operation caught acorn on tape giving advice to folks they thought were a prostitute and pimp. acorn is suing the people who shot that video in baltimore because maryland law prohibits such recordings without the subject's permission. >>> sun, surf and slots. three things you will be able to enjoy around ocean city next summer. maryland officials have approved the first slots parlor license. it is five miles from the beach. the owner plans to install

s most powerful councilmember is busted by federal agents. charges taking bribes from someone in the taxi industry. i'm sherry ly. we'll have the latest on this scandal rocking city hall coming up. you' gotrawber p-tt, bui'ot a warmfrh ba stwberster.e dien you' gotrawber p-tt, e to. craseeps )prou llsby ass.. atligs love, pay pb bui'ot a warmfrh ba mmmmi ds le ti rtzz ♪ ds le ti ] ly lig bakakh rtzz ♪♪icancealling you ♪ust needha moinro♪e yoare yoift makinthr hets p he b bt rt wup. ♪ ifoincu♪ ♪ust needha moinro♪e yoare yoift >>> welcome back. there is a look at traffic on the american legion bridge this morning. kind of looks heavy at 5:30 on a friday. you can see right there roads a little bit wet out there. >> i think that is the culprit. wet roads mean a slow commute. >> absolutely. >> dpa went, good morning. i had rain where i am, closer in a little bit. so it is out there. >> i could see a few sprinkles starting to come into the building. some of that is starting to get more widespread now especially to the west of us. that is where we h

has received $53 million in federal money since 1994. a.c.o.r.n.'s ceo says this is a smear campaign and that some of the videos have been doctored. she threatens to sue the filmmaker and conservative media which has extensively aired the videos. >> we are not going to take this lying down. we believe that -- in fact, we know -- that this was a form of entrapment. and yes, we're going to go after this videographer and fox. >> reporter: a.c.o.r.n. which says it delivered more than 1 million votes in the last election also claims it's being attacked as a way to hurt president obama. now, political analysts say this is largely driven by conservatives longstanding distaste for a.c.o.r.n. but that president obama's history as a community organizer is one reason this story is getting so much play, meredith. >> all right. lisa myers, thank you very much. >>> it is 7:19. and once again, here's matt. >> meredith, thanks. now to that little boy who was badly burned during a horrific van fire in milwaukee over the summer. he's out of the hospital now and doing

national federated index rose to 88.6, up 7.6 points from its recent low which coincided with the market low in march. greenlight capital's david einhorn said he's shorting mcgraw-hill, parent company of s&p after a federal judge handed down a resulting that would allow investor lawsuits to proceed. they were trying to use a free speech sort of defense which se seemed rather feeble, but we'll see. there's always appeals. oil rising above $70 a barrel as the dollar continues to take a drop. mark? >> in fact, terry mcgraw from mcgraw-hill is down on the floor talking to people, saying -- >> he's exercising his free speech. >> saying don't worry about us. the markets and internals down 0.5 of 1%. s&p down 0.75. big board, that's nice. 3:1 winners over losers. volume is not nearly as the advanced declines. nasdaq 14:9, can't really reduce that any further. but we're looking good. >> let us get to the brain who is back. we really did miss you, david. >> why? was i supposed to think otherwise, erin? >> i just wanted to make sure i emphasize it. >> thank you. >> we miss you and the hair lock, too. >> the hair is getting long. going to have get a haircut, but last days of summer. it was nice an

reporte today mamadoff' summer home and autumn, , winter d spri h homome the federal prisison in buer, north h caro ere his cell i is sthan the laundry room back in montauk. brian ross, abc news, new york. >> interesting to hear that federal agent sort of talking real estate speak, it has understated elegance. >> 3,000 square feet, five of my current apartment could fit in that house. >> that's the news for thiurhalf .urho.

s during the day. more later in the broadcast. >>> a scandal in the district tonight. ted loza faces federal bribery charges involving the city's taxicab industry. jonathan solace is live tonight. -- john gonzalez is live tonight. >> video and audio of the chief of staff accepting cash on two separate occasions. tonight, residents say they want an investigation to make sure the council member is not involved. the fbi took over the office of councilman jim graham this morning. his chief of staff has been arrested with charges of bribery. according to the indictment, an informant bride ted loza twice with cash, vehicles, and expensive trips in exchange for assistance in pushing texas legislation for new cash hybrids. >> it is very disappointing. i have dealt with him very many times over the last 10 years, and i have never had any hint of impropriety. >> jim graham chairs the city commission on transportation. he says it is merely a coincidence. >> knows situation where mr. lewis asked me to influence in the legislation. >> city officials had been scheming against cabbies four years. >> that i

published reports say federal prosecutors in new york are preparing to impanel a grand jury. joseph cassano, who ran a.i.g.'s financial products unit, is at the center of the investigation. losses from his department left a.i.g. on the verge of collapse last year, and led to a $180 billion bailout for the firm. investigators want to know if cassano and other executives misled investors about the value of mortgage-related contracts. >> paul: susie, cassano says he didn't do anything wrong, and prosecutors are not commenting on the case. now, let's take a look at our stocks in the news tonight. >> paul: and those are the stocks in the news tonight, susie. general motors today canceled temporary pay cuts for white collar workers, saying the company needs to keep everyone motivated. this spring the automaker slashed pay for salaried staffers by as much as 10% to preserve cash ahead of its trip through bankruptcy. today's move covers about 27,000 workers. but g.m. c.e.o. fritz henderson and other top managers won't see their pay restored. their salaries are limited because of the terms g.m. agreed to whe accepted

federal funding for the group. and state lawmakers are following suit s crime and justice reporter joy lepola has the latest on this story tonight. >> as fox 45 news reported earlier in the week, acorn has been operating without state oversight or approval in maryland for more than a year. that, coupled with undercover video showing workers giving advice on how to break the law, has prompted one state lawmaker to draft legislation to stop all state funding to the non-profit. >> acorn's busted. i want to ban them. >> republican pat mcdonogh is modeling the legislation at the federal level. >> this is corrupt legislation. and we have seen on film in front of our eyes, they are advising people to break the law. and why should the taxpayers be sub sa advertising criminal activities? >> members of the senate republican caucus hand delivered a letter to governor o'malley. in it, they asked the governor to refer this matter to the state prosecutor. we caught up with the governor before the letter went out. >> i have not seen the footage. i only know what i read in the newspaper. >> you have not seen the footage of the wor

from the bench was a dissent in the seminole tribe case back in the 1990's on the scope of the 11th amendment immunity from federal court jurisdiction. i fought in that case cor originalism, the reference to original sources, and destroy the the time, provided a strong argument that the 11th amendment was intended to limit federal court citizen state jurisdictional but not federal court churr session. but i think that was a relatively uncommon example in which or originalism can give you a clear and specific answer. you have an either-or question, and that helped to answer it. or would cavs. most of the time or original -- most of the time or originorigi does not give you a clear answers. those that did not think answers are always possible are people who tend to do what when i was a lin law school, it was drawn on the blackboard, a magician's hat and to rabbit ears on the hat. his point was that pulled up rabbit out of that, yet the first put the rabbit into that. or originriginalism does not pre any specific rabbits. there is a tendency on the part of heart or primitive royalists to think there are more rabbits

s modest home sure doesn't look the part. >> we are here to announce a major indictment. >> reporter: maryland's federal prosecutor announced carter's indictment today along with 11 other alleged people. investigators say they have got hundreds of wiretap phone calls to prove it and they have seized $1.5 million in cash, cars, jewelry, guns and profit. >> the goal is not just to catch the bad guys and send them to jail. the goal is to take the money out of crime. >> reporter: the indictment alleges they went by nicknames like squeak and barney. the former police officer daryl carter has been released on bond and 24-hour home detention. seven remain held without bail. >> cocaine trafficking organization that has been dismantled. >> reporter: the defendants will do a mandatory minimum 10 years in prison and could face up to life. in st. mary's county, scott broom now, wusa9.com and 9news now. >>> the arrest came after 20 search warrants were executed in st. mary's, charles, and cal vert counties. >>> tonight the senate finance committee has oferredz up its plan for health insurance reform. that bipartisan committee must be do

the federal reserve says industrial production gave investors hope that the economy is bouncing back. the dow jones was up 108 points, s rose 16. nasdaq up 31 point. >>> we work for you in these tough economic times. how to find the right credit card depending on age, credit and spending habits. and job advice for those that haven't worked in many years. five years to dry your clothes the old-fashioned way. go to abc2news.com and click on the "financial survival guide." >>> tonight at 11:00 -- credit card companies are using college campuses to get your kids hooked on plastic. tonight at 11:00, what parents of college kids need to know and why changes are on the way. >>> plus, after a string of animal abuse cases in baltimore city leaders are meeting with community members tonight to address the problem before it gets any worse. those stories and much more tonight at 11:00 after primetime the outsiders. >>> maryland's most powerful doppler radar continues to pick up scattered showers, continues to kind of develop in place along the i-70 corridor. also up in northern carroll county we're also seeing some popping up in m

s most powerful council members. he's not charged with anything. but federal authorities say they've got his chief of staff, ted loza, on tape taking bribes in exchange for favorable taxi legislation. >> he mahave been, and again i want to see this informaon, there have been meetings where it was discussed, but i recall no situation where mr. loza asked me to do anything regarding any legislation. >> reporter: fbi agents removed several boxes after searching loza's office. he was arrested, accused of taking two separate cash payments for at least $1,500 from someone in the taxi industry. loza's attorney says his client will be cleared. >> we fully believe that once all of the evidence has been put in front of a jury, that he will be completely vindicated. >> the indictment says he was given an envelope with $1,000 cash and told the money is for him. loza then asked, what do you want me to do? and says he'll talk to public official number one works is council member graham. >> absolutely. i have no inclusion in any illegal behaviors. >> its mayor would not talk

federal and local leaders were on hand this morning for ground-breaking ceremony at s elizabeth campus in southeast. the department is currently housed in different locations across the city, but when construction is complete, the department will be all under one roof. >>> more medical options for prince george's county residents, a larger emergency room and new patient tower opened today at doctors community hospital. lieutenant governor anthony brown and jack jackson were on hand for that announcement. 17 more beds for emergency care and 90 additional private rooms in the new patient tower. >>> d.c. school children are doing their part to be prepared in the event of an emergency or disaster. the district kicked off its commander ready program at thomas elementary school in northeast today. the program teaches children safety planning and how to handle emergencies, gangs and other activities, to help reenforce the preparedness message. students can implement what they learned at home and at school. >>> when news4 at 4:00 continues, should boys and young men be vaccinated against a sex

federal reserve. the dow slipped more than 3 quarters of a percent. and the s&p 500 lost 1%. deral reserve concluded its two day meeting leaving interest rates at current historical low near zero. they said on going problems in the unemployment could curve the recovery. they said that the home sales and construction are coming off historic lows. two of the nation's largest banks have announced they're revamping their over draft fee policy. as of october, bank of america opt out of the ability to over draft their account. it will no longer charge fees if the overdrawn amount is less than $10. >>> jp morgan chase can opt out of over draft fees and they will lessen the charge for a draft of over $5. over draft fees are expected to bring in more than $38 million. for business brief, i'm stan case. >>> still to come, on again, off again. >> yes, i made those mistakes. >> what a candidate for mayor of annapolis had to say about dropping out of the race for the second time. >>> job cuts and furloughs are the answer to the ongoing budget crisis here at city and get our new sausage bis

. >> bonnie: s genevieve wood, she' saying that al-qada is weaker now. dung the bush administrati it was reporte by federal agencies to be stonger. plushis week a guy was arreste the one trying to bu beauty supplies to ake a bomb. >>right. bonnie: and the yu law center, there' a ceter thee that tracks terrorism arrests, and, you know how authorities are breaking p ring and such. and this wasthe first american arrest tt they say was truly legitimte, the guy was doing what --ou know, this will go to trial, and h will be convict. >> right. >> bnie: is this adnistration doing a btter job of potecting us than t pror? >> i hopethat they are. imean,frankly, as an american, this isn't a litical isse. i mean,we all want be sae. ihope that very adminisation gets tter as we go frward. i mean, they lear from th past what's happed. andthey continue to moe forward. i mean, you know, so i hope, yes, indeed al-qae is weake i hope we're doing betterjobs where e have lessons learned. i ll say, i' concerned th things about this administraion, very concerned, like the prosetion potentially of thee cia officers who, i believe,

federal government was established to provide for the defense of this nation. and that's what we are here for. what has happened, particularly since the mid 1960's, is, i guess many members of congress, to justify their being here, thought that the federal taxpayers were providing a giant piggy bank to the members of congress and so we could take their money and spend it any way we want to. we've gotten way off target. one of the reasons that acorn could do what it's been doing for the last 15 years is because there's such inadequate oversight because we're simply funding too many different kinds of projects. we need to pull this congress back from where it is now, funding lots of things we have no business funding, to the essential job of the congress, which is to focus on national defense. and i'm hoping that -- i know it won't be done in this session of congress because there are too many people of a different philosophy than of the three of us, but i'm hoping that after the 2010 election, that we will find more people of like mind with us who understand the reason we have a congress and will say to their members, you need to focus on nationa

in the late 80's and early 90's, he was a federal prosecutor and tried high-prile case and even argued and number of cases on appeal. joined the famous law fir of paul weiss and there is he went on to do a high-speed commercial cases. he had corporate crimes who ranged from armstrong, citigroup and solomon smith barney. in 2004, he was elected a fellow in the prestigious american college of trial lawyers. of october 98, president clinton appointed the department of air force. he served in that the position 27 months and returned to private practice with paul weiss and early january of 2001. while in private practicof he was acting in numerous activities from 20040 chaired they bar association which as you allvÑ know appres all of e state and local judges of new york city. mr. johnson s also a member on the council of forei relations and director of the university, the frernal federal bar counci new york community trust, a fund for courts, legally it says to society, for civil rights under the ball and new york city bar fund. and in some societies lincol theater. he's also on the board

. >> the federal third -- federal reserve opened up 13-3 not to investment banks. >> in the 1980's. >> in never opened the window in the 1980's to anyone. the next time it may be available in the 1960's. they did not actually use the authority again until right before bear stearns with the facility. >> i am sure you understand the concern has the look at the extraordinary actions of the federal reserve in regard to bear stearns. one thing that i have wondered is whether congress should revisit and tighten up the language of 13-3. the federal reserve seems to have the power to do virtually anything with no restriction whatsoever. would that be prudent thing for congress to take up and tighten up? >> i would like to point out that 13-3 lending are subject to g.a.o. audits. then whether the fed to continue to have the authority, our chairman has suggested that if a resolution authority were enacted, there would have another tool for implementing -- for passing on the wrist to shareholders and creditors. that would be an atmosphere or context where some revision to 13-3 may be appropriate

s&p 500 rose 7.98 33.37. >> susie: theconomy continues to improve in most parts of e country. that's the cclusion of the federal reserve's latest svey on economic activity. fed policymake charles evans, president of t federal reserve bankf chicago and a voting member othe central bank's interest rate settg committee. earlier today i sat do with ans for an exclusive inrview. where people are concerned about losing their jobs won't spd money. first question to evans, is the recovery otrack. >> well, think the economy is beginning to recover. i think tha for the second half of this year i'm looking fo the econo to gr about 6789 to 3%, and i think i will do that overthe next 18 months. i think th the contraction is prett much behind us, so i'm lookin for gwth. >> susie: if, mr. ans, the economy isimproving, why are we hearing more d more forecastcalling for a double diprecession? >> well, i thk there are ill a lot of uertaintys, and as soon as you start thinking about which elements of the economy will be growing you always starts scratching your head. i think e consumer is very important for the recovery, andbviou

policy studies looked at ceos from 20 banks that received the most federal aid and found they made 37% more than their counterparts in s&p 500 companies. with stock prices on the rise, stock options could cause compensation to soar even more in 2009. bill tucker, fair or unfair? >> totally unfair. what's the message here? the industry that needed the biggest bailout, they got the bailouts, they performed the worst, get the best pay and will recover the fastest? i don't see where there's equity in that. >> to me, what this says is nothing has changed. this is not just banks. these are the 20 biggest bailed out banks. their ceos paid on average $13.8 million. that's a lot of money. >> but this is something symptomic to a lot of our public policies. lot of public outrage, comes and goes, and then there's a little hand waving, some reform. we move on. >> yeah. >> but i think, but the economist in me really feels we live in a world of the economy, capitalism, so you have to reward that initiative. however, though, if you're getting money from the federal government such as a will federal contract, where you have to provide

market takes a dive after the federal reserve releases interest rate decisions on wednesday we will take a look at the charts coming up next. the reaction from the stock market when s&p 500 and in the day down 1% and we came after the minute of the from reserve reaches decision. the fall to follow through and all through the day after. significant selling pressure for the eyes of the days and a loaf was a to% drop home wednesday after the federal reserve decision. on the question is are so is gonna be enthused by this taking money off the table in the trend is still in from march to july in the month of september we are still moving hi. and the reaction on the fed base is really very lean because you have to look to the next day because this is thursday to see what the real reaction is from stock market. as you mentioned this trend is still up the fact whenever we see selling take place here is immediately been met by buyers in these little dips have been very shallow. for the first area of support here was the last rally that petered out back in the august $103 plus a writer's block that you're talking a psychological level. we want to hear from you comments at fi

dick: roger federer tomorrow will try to win his sixth consecutive u.s. open. bill tildon in the 1920's the only one to win the title six straight years. history in the making, tomorrow history in the making, tomorrow on cbs. and i'm a pc. mac, it's been kind of a rough quarter. so i brought in a trainer to get me back on top of my game. come on, get started you bucket a bolts. pc mag rated mac #1 in customer support. are you just gonna take that? no... pc world's readers called mac #1 in realiability. he's laughing at you. i'm not laughing at you. he's #1 in customer satisfaction. what are you?? okay, maybe we could try some positive reinforcement. sure. you're doing a good job mac. thanks. hey! ♪ everywhere we go-oh ♪ ♪ people want to know-oh no team practice today? ♪ who we are-ar that doesn't stop a tiger. ♪ so we tell them ♪ we are ti-gers! ♪ you always find a way to work hard and eat right... with kellogg's frosted flakes, the great-tasting part of a nutritious breakfast. ♪ mighty, mighty tigers and you never stop earning your stripes! they're gr-r-reat! ♪ captioning funded by cbs

. >> acorn stripped of federal cash, but wait until you hear of another group still on the public dime. a "cashin' in "investigation you can't afford to miss andayñ?ñ? segaining power across america. >> i will do what i have to do to get the union back! >> the president with his biggest push yet for organized labor, but is he really pushing more jobs out of america? all that, and oprah on the ropes. she's losing her audience fast. what's her plan to get it back? it's the billion dollar strategy everyone can take a lesson from. your money, your life, your show to stay ahead of the game. "cashin' in" starts right now. >> a full-court press this weekend to sell the president's $856 billion health bill. democrats tout how inexpensive it is, but do two other programs they passed this year prove it will cost at least twice that much? hello, everybody. welcome to "cashin' in."our cree rogers, jonathan honeig along with tracy byrns and john layfield. also joining us democratic strategist julian epstein. welcome to everybody. remember cash for chunkers? it was supposed to cost only a billion. it turned out to be $3 billion. how about that tax bake for first-ti

. >> the original s-chip bill was a block grant where the states rant and that is why it works and if we did that in federal health care, i think we would be a lot better off and we'd have 50 state laboratories, developing their own plans for their any demographics and, massachusetts, is not utah and you can say that about every other stated and we are talking about 306 million people and basic they think their health insurance is better than anything they can get and do we need reform? yes. but think about educt, 47 millie and the president said 30 million and deduct the 6 million who basically work for companies and provide health insurance and don't buy it and deduct the 11 million people who really qualify for chips and/or medicaid, deduct the 9 million who earn over $75,000 a year and can afford it and the 6 million undocumented workers, it really comes down to 15 million people and we will throw out a whole system for 306 million people, for 15 million people and we could subsidize and help without ruining the system and we'll save money, we'll save taxes and have less spending. we'll have greater cho

s government stepped in... with several bailouts totaling 180 billion dollars. the total pot consists of 85 billion in emergency loans, a 60 billion dollar credit line from the federal reserve.. and a 40 billion dollar investment in aig's preferred shares. even as aig's obligations are being unwound... some market pros believe it's still too big to fail. "ripple effect... the fact is those tentacles are all over the place.. counterparties built their positions based on being paid off.. so this "too big to fail" still exists." "if the u.s. government doesn't continue to support aig, we will fail." aig's new ceo robert benmosche recently told the wallstreet journal quote: "if the u.s. government doesn't continue to support aig, we will fail," but critics argue.. as long as the government supports aig... the company is nothing but a slush fund for wall street ... according to janet tavakoli. "aig wants to stay alive.. what's happening is that investors are picking at the corpse of aig.. money flows into aig and it flows out to trading partners.. investment banks.. getting huge paydays.. paying their employees huge bonuses. " in aig's latest quarterly report issued in a

s restoration plan and its prepaid assessment system as an alternative to federal financing bank, for treasury borrowing. to me the anticipated liquidity needs for 2010 and beyond. the prepaid assessment proposal reinforces the notion, and this is i think very significant, that the d.i.f. remains a financial obligation of insured banks and that it is ultimately back stopped by the full faith and credit by the united states government. i have some longer term concerns, however, over the restoration plan which i support. specifically the pleng of time it allows the d.i.f. fund balance to stay in negative territory and whether it's 1.15% reserve target is really where we want to be in 2017. while i understand that the board retains the flexibility to raise the regular assessment rates or to impose the special assessment in the future as circumstances change. i think it's important to get public comment on how quickly we should bring the d.i.f. fund to positive territory after economic conditions and bank earnings improve. once we emerge from the present crisis, i also think that the boar

and the notion that we expect what is among the most important in federal agencies -- by the way, it's not just d. hmple s., the f.b.i. and cia. they operated for years on not only did they suffer under a 12-month budget cycle but had to rely on supplementals so they never knew how much they were going to spend in a given year. there are all sorts of reasons that that is the case. many of them are political, but the answer is d.o.d. doesn't work that way. we understand when you are doing large military procurements that you can't do it on a one-year budget cycle. so we have a model for baking that and correcting the budget cycle so that d.h.s. can plan over the long-term to have a campus and have a single home. we do have a system that allows the f.b.i. to plan for an increase in the number of analysts and agents. we just have to give them access to long-term budget planning and frankly it means holding them accountable for it. so, if i was to give you the wish list, it would be a long-term training and education program, a goldwater-nochols for the civilian bureaucracy and multi-year budgeting process fo

in the late 80's and early 90's he was a federal prosecutor and tried some high-profile cases and has even argued a number of cases on appeal. he joined the law firm of paul weiss and went on to high stake commercial cases. yet corporate clients who ranged from armstrong world industries and smith barney. in 2004 he was elected to the prestigious college of trial lawyers. he served in the air force for 27 months and return to practice again in early january of 2001. law and private practice and numerous judicial and activities. he chaired the american bar association. mr. johnson is also a member of the canton on foreign relations and was the director of the trustee of the elbow for university, the fund for modern courts, the legal aid society, the lawyers committee for civil rights under law and the new york city bar fund. the asa or dissipates -- he also participates with the film society lincoln theater. he is also on the board of governors of the franklin delano roosevelt institute. in january 2007, mr. johnson was one of seven nominated to be chief judge of the new york state. th

s&p 500 down 10 and the nasdaq lost 14. the u.s. economy is on the mend, the federal reserve deciding to leave rates unchanged.low purchases of mortgage-related debt. general mills beat analyst expectations with first-quarter profits. up more than 50%. a lot less produced. >>> yahoo! is gearing up to pump $15 million in an ad campaign to target yahoo! 600 million users worldwide. i will spare you the yahoo! yodel. that's it for cnbc first in business worldwide. now back to msnbc. >> welcome back. i'm tamron hall, live in new york. >> i'm norah o'donnell live in washington. "the big picture." former senator and presidential candidate john edwards is facing potential legal trouble. a federal grand jury in north carolina is investigating whether tens of thousands of dollars in campaign funds paid to hunter was hush money, whether edwards knew about the money and whether it was a crime. after a "new york times" report that edwards may be ready to admit he is the father of hunter's 19 mold daughter. the latest from lisa meyers. >> reporter: what was once merely a sordid tale of a politician's infidelity is playing

from the 1980's to the early 1990's, he was a federal prosecutor and tried some high- profile cases and has argued a number of cases on appeal. he joined the law firm of paul weiss and from there went on to do high-stakes commercial cases. he had corporate clients to ranged from armstrong industries, cd group, and smith barney. in 2004 he was elected a fellow in that distinguished american college of trial lawyers. he was appointed be general counsel of the department of airports. he served in that position for 27 months and return to private practice again at paul weiss in early january 2001. while in private practice, he was active in numerous professional activities. he chaired a fiduciary committee of the american bar association, which reads and approves all the state and local judges in new york city. he was a director or trustee of the delphi university, the fun for modern courts, legal aid society, lawyers committee for civil rights and new york city are fun. he works with the film society of lincoln theater. he is also on the board of governors at the franklin and eleanor roose

s. there is a new study about unsafe levels of lead, pesticides, and other toxins and that the federal governmenthas failed to do a single thing about it, according to a report by the associated press. according to their findings, more than 2000 schools violated safety standards, and some of the contaminants included lead and fecal bacteria. the state with the most schools, california, also had the highest of some other areas. they were followed by a high note. some are saying there is no excuse for this, period -- they were followed by ohio. trace told you last night that justice ginsburg, went to the hospital after falling ill earlier in the day, and now we can tell you that she is back at her desk at the supreme court this afternoon. justice ginsburg said she felt faint after some treatments for anemia. we are told that last night's hospital stay was simply a precaution. well, an update now on all of the severe flooding in the southeast that has officially left 10 people dead after days of torrential rains. forecasters are forecasting more of the same coming up, and there is a flash flood watc

s p 552 week highs. this week is going to be a big one for investors on wednesday it is going to be a big decision on interest rates from the federal reserve and that the economy is starting to get a little better these meetings on interest rates are going to be increasingly more important because the federal reserve as walking it very fine line on what to do with interest rates because the one hand they don't want to raise wages to quickly because that could choke the economic recovery on the other hand have to keep inflation in check but once inflation starts to get out of control is very difficult to rein in so i think what to do with interest rates could very well be the most difficult job the fed will have to lug this entire crisis. how big a splash to put in the market to support the look with the debt that provide the market closed this week when mortgage interest rates are close to all- time lows a 30 year mortgage interest rate averaged round 5%. more relief could be on the way for thousands of people who are about to lose their unemployment benefits ... this week congress will consider whether to extend those payments.. a

s most powerful council members is busted by federal agents.e taking bribes from someone in the taxi industry. i'm sherry ly. we'll have the latest on this scandal rocky city hall coming up. >>> here is a live look at the traffic on the beltway at the american legion bridge. it has been a busy morning as far as traffic goes this friday, september 25th, 2009. good morning, everybody. i'm tony perkins. >> d i'm allison seousome other things we have planned for you this morning. roland partin joins us to weigh in on today's top stories and talk about his new sunday morning talk show. s is for an audience many say is not reached by what is on tv now. >>> then a major fixup at a fertility clinic. doctors accidentally ga one woman the wrong embryo. it belongs to another co