jason furman worked alongside him since obama first made a bid for the white house. he was appoint as chairman for the council of economic advisers. they analyzed the climb viet and advised the president on what to do. >> i'm relying on them to provide analysis and recommendations with just one thing in mind. doing the most good for the most people in this country. >>. >> furman served as assistant for economic policy and a key figure in drafting health reforms known as obama care. obama said he is a brilliant economic mind and he is expected to replace alan krueger, but has to go through a senate confirmation before taking up the post. >> apple unveiled a latest mobile 3r5i9ing system. they said it's the most revolutionary update since the iphone was launched. apple executives introduce the ios 7 at a conference on monday. they said all mobile devices will come with the system starting this fall. the ios 7 has a new look and feel. they, peer thinner as if printed on the screen creating an illougz of depth. it is drawing attention because the top designer was involve

furman has spent the last several years working for the white house economic council. he also worked on economic policy in president obama's 2008 campaign. the nomination requires approval from the senate. union workers for caterpillar vote today on a new contract from the company. the heavy- equipment maker is offering an additional $1500 in the new deal. however, according to the chicago tribune, the pact still includes freezing wages for current workers and lower wages for new hires. workers rejected the first offer in april. a merger flight plan is out from american airlines and u.s. airways. the combined airline will be run by u.s. airways ceo doug parker. american ceo tom horton will become chairman of the board. most of the management team will be from the u.s. airways side. u.s. and european regulators still need to approve the deal. shareholders will have their say at a july 12th stockholder's meeting. gogo, the tech company that makes it possible to use your computer while in flight, is moving closer to an ipo. gogo currently has wifi systems in nearly 81% of

two very smart economists, alan krueger, and jason furman.ay, i can announce that alan is heading back it teach his bee of loed students at michelle's alma mater, princeton university. when they get together, you know all they can talk about is princeton and they're all very proud and those of us who didn't go to princeton have to put up with it. [laughter] and i'm proud to say jason furman agreed to replace alan as the chairman of my council of economic advisors. during the crisis, alan stepped in, initially to help engineer our response assistant secretary and chief economist at the treasury department. he was so good, that we then had to beg him to come back, extend his tour, to serve as the chairman of my council of economic advisors where he's been the driving force between actions that we've taken to help restart the flow of lending to small businesses and create new jobs and arm workers with the skills they need to fill them, to reduce income inequality, rebuild the aging infrastructure and bring down our deficits in a responsible way.

furman is a longtime presidential advisor on tax policy. the president said today he never forgets he's fighting for the middle class. and on wall street, the dow jones industrial average lost nine points. the nasdaq rose four points to close at xxxx. those are some of the day's major stories. now, back to gwen. >> ifill: we return now to the story of edward snowden, the 29- year-old former c.i.a. employee and intelligence contractor who's admitted leaking government secrets. is he a criminal who put americans at risk? or is he a hero who told americans what they need to know about how closely their government is watching them? we have two points of view on that from jane harman, a former nine-term member of congress who was the top democrat on the house intelligence committee. she's now president of the woodrow wilson international center. and author and journalist james bamford, who has written extensively about the n.s.a. and other intelligence agencies. welcome to you both. is edward snowden a leaker or a whistle blower? >> definitely a

two very smart economists, alan krueger and jason furman. today, i can announce that alan is heading back to teach. his beloved students at michelle's, motter, princeton university. when they get together, all they can talk about is princeton and they are all very proud. those of us who did not go to princeton have to put up with it. [laughter] i am proud to say that jason furman has agreed to replace him on my council of economic advisers. during the crisis, allen stepped in to help engineer the response as assistant secretary and chief economist at the treasury department. he was so good that we had to beg him to come back, extend his tour to serve as the chairman of my tonsil economic advisers, where he has been the driving force between actions we have held -- we have taken to restart the flow of lending to small businesses and arm workers with the skills and need to fill them and reduce income inequality and rebuild aging infrastructure and bring down deficits in a responsible way. he is trayvon by the basic bargain at the heart of our

jason furman is one of the most really an economic minds of his generation.don't take my word for it great you can talk to other economists who know a lot more than i do about it. he has won the respect and admiration from his peers across the political spectrum. chairedthesis advisor the council of economic advisers under george w. bush. nobel prize winner joseph stiglitz hired jason to work president under clinton. after leaving president clinton 's white house, he finished his phd in economics and acquired a reputation as a world-class scholar and researcher. a public service kept calling and he kept answering the call because he believes deeply in it. world bankg at the on issues of inequality in international finance to developing new proposals to strengthen our retirement programs, he helped shape some of our most important economic policy debates. when i asked him to join my team in 2008, even though his baby daughter -- you were this big -- had just been born, he agreed to serve once again. over the last five years, i have come to trust not only his h

furman earned his ph.d. from harvard and has served with the president since his first el

furman is sustain to the the president.. >> let's get a check on the markets. this morning, u.s. equities futures, we're seek green arrow, the dow is up 17 points above fair value. s&p just over 2. overseas in acia you did see a huge gain the nikkei was up almost 5%. again, we have been watching a lot of volatility in this mark. it closed at 13,514 n. europe, we seen similar things with the futures this morning. barely budging from the footsy or the kakt.dax is up a gain of close to 1%. >> if you are an apple shareholder, today is the day you have been waiting for, apple ceo tim cook will be kicking off the development conference there later today. john joins us with more >> good morning, andrew, mcdonald's not the only global multi-national trying to use innovation to power growth, how is that for a segue, apple here at wwdc looking to unveil ios. ios 7, the beeners are up in there. there is a line around the block already. also a new version of os 10, ios is the real important within here. the big theme here is i think th

we'll talk about it coming up. >> detective mark furman said the leaked photos from the murder trialan pistorias killed model reeves camp camp. and folked went up to testify on how they were targeted by the irs. and taxpayers deserve to know which side the groups are on. what a shift. that debate is next. >> the committee will be in order. ryan has the time. >> mr. chairman. >> we had the former irs commissioner shul man who knew about targeting. they chose to apply for tax exempt status. you are to blame is the message here. >> our top story today. some americans go before congress to tell law makers firsthand how the irs targeted them. and democrats on the house ways and means committee went after the witnesses suggesting they asked for the treatment they got. >> each of the groups is highly political from opposing the health care and abortion and gay marriage. you are entrenched in the controverse yell issues in the country and with your applications, you are asking the american public to pay for that work. you endorse candidates the line of political activities can be very fine.

defense will resume the opening statement shortly and just a head former homicide detective mark furman will join us live and why he knowledges that each side faces a unique challenge of making their case. actor jim carry carried opponents of gun control heartless after he was finishing his violent movie and now he doesn't want you to think he is a hypocrite and wait until you how he is trying to convince you. and a horrifying crash in a air she. we'll have the latest. >> on the top of the world. oh, no. take theseags to room 12 please. [ garth ] bjors small busiss earns double miles on every purchase every day. produce delivery. [ bjorn ] just put it on my spark card. [ garth why settle for less? ahh, oh! [ garth ] great businesses deserve limited reward here's your wake up call. [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose double miles or 2% cash back on every purchase every day. what's in your wallet? [ crows ] now where's the snooze button? chantix... it's a non-nicotine pill. i didn't want nicotine to give up nicotine. [ male an

furman currently served as deputy director of the national economic council.helped craft the economics bill drafted in 2009. this is the president's fourth chairman of economic advisers. >> a big job. >>> coming up, the man behind one of the biggest security leaks in u.s. history says he had the power to spy on everyone, even the president. we'll talk about edward snowden's shocking revelations to glenn greenwald, the columnist for "the guardian," who broke this story wide open. >>> and a live look at sanford, florida, where jury selection set to get under way in the george zimmerman trial. i turned 65 last week. the math of retirement is different today. money has to last longer. i don't want to pour over pie charts all day. i want to travel, and i want the income to do it. ishares incomes etfs. low cost and diversified. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus, which includes investment objectives, risks, charges and expenses. read and consider it carefu

. >> president obama nominating jason furman at the top policy. if confirmed he will share the white house council of economic advisors. replace alan krueger. "after the bell" starts right now we're >> commodity complex. specifically, their import of metals had fallen off a cliff. we saw copper getting hit pretty sharply. buyers came in to start rallying those. why exactly is the bad news out of china basically no news? a lot of this has been factored in for some period of time. most of the attention right now, is on that other asian country, japan, especially with the boj up on deck. given chinese news and boj jitters, we have a big german court ruling later this week on the bond buying program, the s&p was pretty darn resilient today especially after the surge on friday. david: let's talk about how risings interest rates percolate on the markets. financials have an done pretty well with record low interest rates. if interest rates are going up i know you like xlf, the fund of financials. if interest rates are going up, why will they do well even

. >> that's the furmanator. >> it is and he is an excellent candidate for it. >> you're supposed to dorid of the dead hair so they don't shed all over the house. >> let's talk about the other products as well. >> are these supposed to be good shampoos. >> maintaining good health of the fur. it's a good quality shampoo. don't want to bathe them too often. >> another problem dogs have -- and buck is a candidate, fatty tumors. >> if we turn him around, my nickname for my sweetheart, we call him mashed potatoes. we has so many lumps and bumps. this one is the size of a baseball. >> and one over here and over here and when people hear the word tumor. it scares them. they think it's going to be malignant. dogs, especially, sorry buck that are a little overweight, as they get older they develop these benign fatty growths. they're not problematic and we can see he has -- >> it's nothing to worry about but does it get uncomfortable for them? >> i keep a diagram at home for buck. he has over 50 and i check them regularly and if they start to grow rapidly there's a little bit of concern because i

coming up next mark furman going to weigh in on the case and later tonight you're looking at proof thates to radical muslims was invited to the obama white house. and now they've been caught redhanded obama aides are now defending this decision and later tonight rudy giuliani has a message for the president when he joins me live in, studio, as we continue. >>> so the last thing you heard was some kind of noise like something hitting somebody. >> and trayvon got hit. trayvon got hit. >> you don't know that, do you? >> no. >> you don't know that trayvon got hit. >> because he had -- >> you don't know that trayvon didn't at that moment take his fist and drive it into george zimmerman's face. >> please lower your voice. >> do you? >> so the prosecution's so-called star witness, rachel jeantel claims trayvon martin got hit first with the first punch. i sat down with george zimmerman last july, and he told me a completely different story. watch this. >> at this point, trayvon is -- all of a sudden, you turn around, and there he was. >> yes, sir. >> what happened next? >> he asked me what my p

president obama last hour nominated jason furman to head the white house of economic advisers.st visible voices on the struggling economy. >>> and tennis fans are treated to an amazing show. rafael nadal defeated david ferrer to take the men's title. serena williams won her first title in several years. we'll get an update later. >>> now back to politics and the latest on immigration. it's something that doesn't happen in washington anymore, compromise. it seems like the much talked about bipartisan immigration bill will get the 60 votes necessary tomorrow to defeat a filibuster and get a floor vote. leading the momentum is new hampshire republican kelly ayotte. she had this to say on sunday. >> our immigration system is completely broken. this is a thoughtful, bipartisan solution to a tough problem. so that's why i'm going to support it. >> senator ayotte is from the northeast. conservative senators rand paul and marco rubio hinted they would come on board or potentially would, but they say the bill needs more border security measures. well, let's bring in nbc latinos paul rey

. >>> fox alert looking at the white house, where president obama is about to make jay furman, one off the 200 the stimulus package, would be in charge of broefing the president on various economic data, monthly jobs report and so on. this event is streaming live if would you like to watch it on foxnews.com. >>> fox news alert, also breaking from the white house, administration is refusing now to comment on the man who leaked the info about the -- about the nsa spying on americans. this is the wake the news the government has been doing it for a long time, six or seven years. the obama administration nonetheless asking for us to trgovernment. meantime, even those defending the nsa spying program say this statement from our intel chief don't exactly help. >> does the nsa collect any type of data at all on millions or hundreds of millions of americans. >> no, sir. >> it does not? >> not wittingly. >> there are cases where they could inadd vert lint perhaps collect, but not wittingly. >> the u.s. ambassador to the united nations and fox contributor, that is march, not like years ago. so

it's what the american people deserve, so i would urge the sentence to swiftly confirm jason furman and i want to thank alan for his outstanding for -- his outstanding service and for all the economist in the room, for the occasionally underappreciated work you do. [applause] >> new -- the new energy secretary will address the energy and information conference here in washington on monday. watch our live coverage eastern on c-:45 span2. >> the c-span video library hasn't reached a milestone -- since it's on my launch, there are more than 200 hours of original c-span programming. it is all totally searchable and free. a public service created by private industry. america's cable companies. >> next, the finance committee chair, senator max baucus and ways and means committee chair, dave camp discussed tax policy and irs oversight. this was at the christian science monitor breakfast. >> everybody, please be seated. ok, thanks for coming, everyone. i'm dave cook from christian science monitor. our guests this morning and nonpartisan alphabetical order are senate finance committee chairman m

. >> all right, scott furman, thank you so much, scott. appreciate it. >> my pleasure.ay. >>> still ahead, millions of americans now know, we know, right, that the government has been snooping on a phone conversations, a broad program designed to find out who you talk to, when you talk to them. should we care, though? or should this fine not worry you? dad. how did you get here? i don't know. [ speaking in russian ] look, look, look... you probably want to get away as much as we do. with priceline express deals, you can get a fabulous hotel without bidding. think of the rubles you'll save. with one touch, fun in the sun. i like fun. well, that went exactly i as planned.. really? (annoucer) new beneful medley's, in tuscan, romana, and mediterranean style varieties. ♪ just mix it in, and take play to new places. three cans in every pack. new beneful medley's. >> all right. let's get out to wolf blitzer. he has a special panel that the government is collecting various information from phone and internet companies. wolf, i think a lot of people are watching thinking, how wo

for me this was sort of reminiscent of the mark furman disaster from the o.j. simpson trial.d the "n" word was far less propmatic than lying about it. while paula deen didn't lie about it in the initial days, i think that the silence, the silence spoke volumes. that's what i actually think her fan base is having a tougher time recovering from. because just as you said, don, we've all made mistakes, right? it's how you handle it afterwards. i think there's a little bit of questions in terms of the authenticity of the apology. that the first reaction was to kind of go to her team of people, hide out for a few days, cancel interviews. then when it starts hurting her bottom line, come out a couple days later and say i'm really sorry for what had happened which is a little bit of what this sounds like. which to me is chris brown territory for my lawyers don't want me to really say what i did. how are we supposed to accept a genuine apology for being sorry when a person can't articulate what they did and why it was wrong. it took them several days to say i'm sorry for, quote, what

also this afternoon, president obama is expected to nominate jason furman as chair of the president'suncil of economic advisers. we will have that announcement live here on c-span, set for 2:10 eastern. it was about 50 years ago today that president kennedy signed the equal pay act, requiring employers to give women and men equal pay for equal work. president obama will talk about that. you can watch that life here on c-span at 11:30 eastern. right now, on yesterday's " washington journal" the report discovering mothers are the primary or sole provider in four out of 10 households with children. tests talked about the socioeconomic reasons for the trend and what it means for american families in the workplace. as muchshow you this as we can until the president's statement at statement at about 11:30. host: a recent pew research report looked at "breadwinner moms." here to dig into it our maria teresa kumar, the executive director of voto latino, and syndicated columnist mona charen, you can read her work in places like the "chicago sun- times," also the "washington examiner." thank yo

jason furman currently serves as principle deputy director of the other economic board adviser to the president. his nomination has to be approved by the senate. coming up at 12:15 eastern this afternoon, we'll be live here op c-span2 with the discussion on the future of medicare advantage. it's hosted by the alliance for health reform. again, that's at 12:15 eastern. the u.s. senate gavels in at two. they'll continue debating immigration, and later in the amp, vote on time passage of the farm bill. the attorney will be sworn in this afternoon to fill the seat of the late senator frank lot pberg. live coverage, and the u.s. house meets only in a pro forma session with no legislation business to be conducted. >> the army corp. of engineer official in charge of water infrastructure projects testified on capitol hill wednesday. major general michael walsh told the infrastructure subcommittee about the new core of engineers' initiative to complete the state studies in three years for under $3 million and be fully coordinated by all three levels in the corp. of engineers. this is two hours